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Squawk Pod

5 Things to Know Before the Opening Bell 7/14/2025

Squawk Pod

CNBC

Business News, Investing, Business, News

4494 Ratings

🗓️ 14 July 2025

⏱️ 4 minutes

🧾️ Download transcript

Summary

The 5 things you need to know before the stock market opens today: “Superman” tops the weekend box office, online spending surged thanks to Amazon Prime Days, Nvidia CEO Jensen Huang is traveling in China, exports from China grew last month, and JPMorgan Chase CEO Jamie Dimon is warning about the dangers of private credit – while he wants to up the firm’s investment in private credit markets. 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

I'm Andrew Ross Sorkin, co-host of Squawk Box, along with Joe Kernan and Becky Quick,

0:05.6

and this is Five Things to Know before today's opening bell.

0:09.4

Warner Brothers Superman reboot, topping the weekend box office, brought in $122 million in the United States and Canada in its debut weekend.

0:17.7

Its global haul estimated at $217 million. The movie cost $225 million to produce.

0:26.1

Of course, there are marketing costs on top of that. Shoppers spending heavily online from

0:30.3

last Tuesday to Friday, what some are calling Black Friday in summer. That was led by Amazon's

0:35.4

Prime Day, to be Analytics saying that online spending grew

0:38.4

more than $24 billion across the United States retailers, and that was above Adobe's prior

0:44.3

forecast. And Reuters reporting that in videos, Jensen Wong is going to hold a media briefing

0:48.7

in Beijing this week. He's going to be making his second visit to China just in about the past

0:53.4

three months.

1:02.1

In an interview that aired yesterday on CNN, he downplayed the United States' fears that his firm's chips will aid the Chinese military.

1:11.0

And speaking of China, countries export growth beating expectations last month that was boosted by shipments to non-U.S. markets and a temporary reprieve from U.S. tariffs.

1:15.2

And J.P. Morgan's Jamie Diamond has warned about the dangers of private credit,

1:19.2

comparing the risks to those of the 2008 financial crisis.

1:25.0

But J.P. Morgan now ramping up its efforts in that same area as the growth of private lending has exploded.

1:31.3

A new piece in the Wall Street Journal this morning saying that Diamond is now racing to claim a stake before J.P. Morgan is left behind.

1:38.5

The report details the bank strategy to, quote, swoop in strategically and profit if there is a meltdown.

1:44.1

I think that's the most important part about this, which is he's not going whole hog into this space. The idea is to the extent you can be

1:46.6

opportunistic. How do you do it? There's potentially a lot of leverage in this space. I mean,

1:51.3

the question always has been in the private credit market. Some people would say it's all matched

1:55.9

up perfectly because there's not a duration mismatch, meaning people raise a fund that starts one year and ends 10 years later,

...

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