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

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 7 July 2025

⏱️ 2 minutes

🔗️ Recording | iTunes | RSS

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Summary

The 5 things you need to know before the stock market opens today: Treasury Secretary Scott Bessent said over the weekend that countries who don’t make a trade deal with the U.S. before August 1st will see their tariff rates revert to what they were in April. Israeli Prime Minister Benjamin Netanyahu is meeting with President Trump at the White House today, Oracle is offering the U.S. government a 75% discount on some of its software, and Rep. Mark Green (R-Tennessee) will resign from Congress this month, temporarily tightening the margin between Democrats and Republicans in the House. 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	Hi, I'm Joe Kernan, co-hosts of Swackbox, and this is Five Things to Know before today's
0:07.9	opening bell. President Trump says letters to trade partners outlining tariff rates and deadlines
0:13.9	will begin to be delivered at noon eastern time today. Treasury Secretary Scott Bant said a tariff said this yesterday,
0:23.0	will revert to the rates announced in April if countries don't make a deal by August 1st.
0:28.0	Secretary Besson is going to join us live at 8 a.m. Eastern. President Trump's going to meet
0:32.1	with Israeli Prime Minister Benjamin Netanyahu at the White House today. It comes as the first round of ceasefire talks between Israel and Hamas concluded this morning
0:41.3	without a breakthrough.
0:42.3	Oracle is offering the U.S. government a 75% discount on its license-based software as well
0:49.3	as a substantial discount on its cloud service through the end of November.
0:53.3	It's the latest big tech company to cut a deal to reduce prices amid the government's push to cut costs.
1:01.1	And Tennessee Republican Congressman Mark Green announced he will resign from Congress.
1:05.2	Effective July 20th, the move will shrink the balance in the House to 219 Republicans to 212 Democrats, at least until
1:14.2	his seat is filled. Green said he was returning to the private sector to start his own business.
1:20.2	We'll be back later today with an all-new Squawk Pod, our daily podcast, featuring the best of
1:25.6	Squackbox. Check it out wherever you get your podcast.
1:28.7	Listen anytime.

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