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Squawk Pod

5 Things to Know Before the Opening Bell 7/21/2025

Squawk Pod

CNBC

Business News, Investing, Business, News

4494 Ratings

🗓️ 21 July 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

The 5 things you need to know before the stock market opens today: Block is heading into the S&P 500, Alaska Airlines is back in the air after an IT outage, China’s exports of rare earth magnets to the U.S. jumped in June, Trump administration officials are planning to tour renovations at the headquarters of the Federal Reserve, and the viral “Coldplay kiss-cam” moment that broke the internet. 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

Hi, I'm Joe Kernan, co-host of Swackbox.

0:04.4

And this is five things to know before today's opening bell.

0:09.0

Shares of block are sharply higher after Friday's closed.

0:11.5

S&P Global announced that the stock will join the S&P 500 on Wednesday.

0:15.3

It's going to replace Hess, which was just acquired by Chevron.

0:18.8

Alaska Airlines resuming operations overnight after grounding its flights.

0:23.0

For about three hours because of an IT outage,

0:26.2

the airline requested a system-wide ground stop for Alaska and Horizon air flights

0:31.4

around 8 p.m. Pacific time yesterday and lifted the groundstop by 11 p.m. Pacific Alaska did not elaborate on the nature of that

0:41.6

outage, the IT outage. And China's exports of rare earth magnets to the U.S. jumping in June to more

0:49.2

than seven times or level in May, that followed easing of some trade tensions last month. Still, the June level

0:55.5

was about 40% below the same thing the month last year. And Trump administration officials

1:03.6

are reportedly planning to pay a visit to the Federal Reserve amid a probe involving the

1:07.9

renovation of the headquarters. That's according to news website semaphore.

1:11.9

It comes amid speculation that President Trump may be trying to lay the groundwork for firing Fed chair, Jerome Powell.

1:19.7

That's our five things.

1:21.1

No, we're only four.

1:23.0

But did you know they're only four?

1:24.7

People aren't counting.

1:26.1

The fifth?

1:27.2

Data Company Astronomer says that CEO, Andy Brown, has resigned days after he's featured on a kiss cam

1:34.4

at a cold play concert hugging the company's head of human resources.

...

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