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Squawk Pod

5 Things to Know Before the Opening Bell 7/16/2025

Squawk Pod

CNBC

Business News, Investing, Business, News

4494 Ratings

🗓️ 16 July 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

The 5 things you need to know before the stock market opens today: Federal investigations into prediction betting site Polymarket have been closed, a procedural vote on the $9 rescissions package passed in the Senate, SpaceX is planning an insider share sale, Tesla’s top North American sales executive has left the company, and a robot calls balls and strikes at baseball’s midsummer classic. 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

Click on a timestamp to play from that location

0:00.0

I'm Andrew Ross Sorkin, co-host of Squatbox along with Joe Kernan and Becky Quick, and this is

0:06.2

five things to know before today's opening bell. A source telling CNBC two federal investigations into

0:11.8

online prediction betting site, Polly Market, have been closed with no charges filed against the

0:17.1

company, the Justice Department, and CFTC, had been investigating the Polly Market was accepting bets from people in the United States.

0:24.6

Meanwhile, Republicans narrowly voting to advance a package of spending cuts proposed by President Trump,

0:29.6

the procedural vote on that roughly $9 billion package passed the Senate,

0:33.6

51 to 50, with Vice President J.D. Vance breaking that tie. The measure seeks to

0:39.3

claw back previously approved funding for foreign aid and the corporation for public broadcasting,

0:44.3

which funds PBS and NPR. And Elon Musk's company, SpaceX, planning an insider share sale

0:51.3

that would value the company at roughly $400 billion. That's according to

0:55.0

a Bloomberg report. And Tesla's top sales executive in North America has left the company. The

1:00.1

Wall Street Journal reporting that Troy Jones, the company's vice president of sales, services,

1:04.1

delivery in the region, departing the company. This after 15 years, he's the latest in a string of

1:08.6

top executives to leave the company since April.

1:11.5

And finally, a robot taking center stage in last night's Major League Baseball All-Star game,

1:16.9

the ABS automated ball strike system coming into play in the first inning.

1:21.9

When catcher Cal Rale used it to challenge a call, he was right, and it led to a strikeout.

1:28.3

CNBC's Alex Sherman reported yesterday, MLB Commissioner Rob Manfred, supporting that new

1:33.8

technology, and it may be ready for every game next year.

1:38.1

I'm all in favor of it. Instant replay, right?

1:41.1

Instant replay. But then what was the thing that happened to Wimbledon this year, where this AI system totally missed the call? And then they didn't have a replay. And what was it who

1:51.2

lost the point? And like lost the whole match because it was crazy.

...

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