meta_pixel
Tapesearch Logo
Log in
Squawk Pod

5 Things to Know Before the Opening Bell 7/2/2025

Squawk Pod

CNBC

Business News, Investing, Business, News

4494 Ratings

🗓️ 2 July 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

The 5 things you need to know before the stock market opens today: the ADP releases its monthly metrics for private sector hiring later this morning, Tesla will release its own second quarter delivery numbers, health insurer Centene has pulled its 2025 earnings guidance, beverage conglomerate Constellation Brands missed quarterly estimates in its latest report, and Netflix and Spotify could be teaming up on a screen near you. 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 Squawk Box, along with Joe Kernan and Becky Quick, and this is Five Things to Know before today's opening bell.

0:09.2

We're set to get a look at the jobs picture for June at 815 Eastern Time.

0:13.1

ADP is going to be releasing its latest look at private sector hiring.

0:16.1

Now, O'Connor is expecting an addition of 120,000 jobs for last month.

0:22.6

We're also standing by for second quarter delivery metrics that we're going to get from Tesla. Philibault will be bringing us those numbers

0:27.1

as soon as they cross the wires. As of late last month, the consensus was 393,000 vehicles,

0:34.2

deliveries. That would be, and it would be a drop of more than 11% versus the second

0:39.3

quarter of last year. And shares of health insurer are sent teen losing about a quarter of

0:44.1

their value in the pre-market. The company pulling its 2025 earnings guidance. It cited market

0:49.3

trends that differed from its assumptions. Other health insurance companies getting hit this

0:53.3

morning as well.

0:54.8

And we're watching shares of Modela owner Constellation Brands, earnings and revenue for the most

1:00.3

recent quarter missed estimates, and that's on falling demand and higher prices they're talking about

1:05.2

for aluminum cans because of tariffs. Despite that, miss, the company sticking with its full year

1:10.7

guidance.

1:11.6

And then there's this. Netflix has held talks with Spotify about partnering a number of

1:16.1

projects related to music award shows and live concert series. That's according to a report in

1:20.9

the Wall Street Journal that said that Netflix is also considering doing some big celebrity

1:25.4

interviews and short turnaround documentaries.

1:29.1

We're going to be back later today with an all-new Squawk Pod, our daily podcast featuring

1:33.5

the best of Squawk Box. Check it out wherever you get your podcasts and listen anytime.

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.