5 Things to Know Before the Opening Bell 7/11/2025

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 11 July 2025

⏱️ 2 minutes

🔗️ Recording | iTunes | RSS

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Summary

The 5 things you need to know before the stock market opens today: President Trump announces new tariffs on Canada, Secretary of State Marco Rubio travels in Asia, Google will provide cloud-computing services for the U.S. government, Apple is prepping a new range of product releases, and Flutter comes closer to buying FanDuel. Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format.

Transcript

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0:00.0	Hi, I'm Joe Kernan, co-host of Squabox.
0:04.4	Sitting in with me today is Melissa Lee.
0:06.9	And this is five things to know before the opening bell.
0:11.8	President Trump announcing tariffs on imports from Canada of 35% effect of August 1st.
0:17.2	In a letter to Prime Minister Mark Carney posted on Truth Social, Trump attributed fentanyal as a reason for the higher rate.
0:23.4	Secretary of State Marco Rubio met with China's foreign minister in Malaysia today.
0:27.0	It's their first in-person meeting as trade tensions between the two countries continue.
0:31.1	After the meeting, Rubio said a summit between President Trump and she is likely.
0:35.9	Google has reportedly reached a deal to provide cloud computing services for the U.S. government
0:40.1	at a heavily discounted price.
0:42.5	The Financial Times reports the deal could be finalized within weeks.
0:45.8	Oracle cut a similar deal last week.
0:48.3	Napol is planning a slate of new product releases for the first half of 2026,
0:52.0	including a new low-end iPhone, multiple iPads, and upgraded
0:55.6	Mac computers. That's according to a Bloomberg report citing people familiar with Apple's plans.
1:01.3	And Flutter Entertainment has reached a deal to take full ownership of sports betting platform
1:05.8	FanDuel. It's buying Boyd Gaming's 5% stake in the company for $1.76 billion.
1:11.5	The deal values Fanduel at $31 billion.
1:14.0	Flutter says Fanduel holds 43% of the sports betting market.
1:19.0	So there's no, it doesn't have to be five news stories necessary,
1:24.8	because I did the Apple Story already.
1:26.8	So these are five things
	...

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