Hi, I'm Becky Quick, co-host of Squawk Box. Today I'm with Joe Kernan, and this is

five things you need to know before today's opening bell. President Trump's top trade officials

are meeting their Chinese counterparts in London today. That includes Treasury Secretary Scott

Besant, Commerce Secretary Howard Lutnik, and U.S. Trade Representative Jameson Greer.

The talks come as new data from China overnight showed a 34.5% drop in exports from China to the U.S. in May.

And domestic prices continue to be a concern. China's CPI declined for a fourth consecutive month.

In the meantime, a U.S. trade team that's currently in India for negotiations has extended its stay.

That's according to a Bloomberg report that says that the talks were scheduled for last Thursday and Friday,

but they will continue through Tuesday in a sign that the negotiations are progressing.

And back here in the United States, President Trump

said that his pick for the next Fed chair will be coming very soon. When asked if the choice

might be former Fed Governor Kevin Warsh, the president didn't tip his hand, but he did say that

Warsh, in his words, is very highly thought of. Trump made those comments to reporters on Air Force One on Friday evening.

And a long-awaited decision for college athletes was approved late Friday. A federal judge signed

off on a $2.6 billion settlement that paves the way for direct payments from universities to players.

It creates a system where each Division I school will be able to distribute roughly

$20 million per year to their athletes. It launches college sports into a new era that will

funnel billions of dollars of revenue generating sports like football and basketball,

but it could jeopardize sports programs that don't bring in many, especially at smaller schools.

So it's less than a year now for Jay Powell.

Yeah, it's 2026, is it May?

So that's why we're talking about this?

...