Hi, I'm Becky Quick, co-host of Squawk Box, and this is five things you need to know before today's opening bell.

First up, shares of Texas Instruments down sharply in the pre-market.

The chipmaker beating second quarter profit and revenue estimates and the sales in the company's analog chip business beating expectations as well.

But Texas Instruments' third quarter profit forecast did fall short,

and that stock is down by more than 12% this morning.

Elon Musk's XAI is working to raise up to $12 billion to gain access to advanced

invidia chips to help train the GROC chatbot.

That's according to the Wall Street Journal.

XAI is coming off a recent $10 billion stock and debt sale.

And speaking of Elon Musk, sales of Tesla vehicles in California falling more than 20% in the second quarter.

Registrations totaled about 41,000 from April to June. That's according to the

California New Car Dealers Association. That number is down for more than 52,000 California

registrations in the second quarter of last year. And Hershey telling retailers that it will

hike prices on average by double digits across its candy lineup because of the high price of cocoa.

A spokesperson said that the price increases were not because of tariffs, but rather to higher ingredient costs.

Coco prices have shot up in the last two years because of supply problems in Ghana and the Ivory Coast.

And sources tell CNBC that President Trump met with

Amazon founder Jeff Bezos at the White House last week. That meeting is said to have lasted for more

than an hour. It's unclear what was discussed. We'll be back later today with Squawk Pod, our daily

podcast featuring the best of Squawk Box.

Stay tuned to your feed, wherever you get your podcast and listen anytime.