5 Things to Know Before the Opening Bell 8/1/2025

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 1 August 2025

⏱️ 3 minutes

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Summary

The 5 things you need to know before the stock market opens today: shares of Coinbase and Roku are both tumbling after the companies reported quarterly results, but each stock is still up over 50% and 30% for the year, respectively. Nvidia has denied that its chips have “back doors,” amid scrutiny from Chinese regulators, CSX is reportedly speaking with Goldman Sachs about buying a rival, and shares of Reddit popped after the company reported its most profitable quarter ever. 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-host a Swackbox, and this is five things to know before today's opening bell.
0:09.3	Shares of Coinbase are tumbling, second quarter earnings beat estimates, but revenue fell short.
0:13.9	Retail trading volume grew 16%, but that was below expectation.
0:17.6	Despite today's decline, the stock is still up more than 50% over the past year.
0:24.2	I saw someone raise their price target earlier, and I just happened to look at the market cap.
0:30.5	Coinbase, now $80 billion. Strategy itself, if you look at Strategies market cap? No.
0:38.3	115 or something? Where's circle now too? Circle, all of them. None of them are, actually
0:44.3	they're a little more than smegma. Figma. What is it? Figma. Figma.
0:49.3	Like a figment of your med. Sorry. Roku shares also, despite reporting better than expected second quarter results.
0:56.5	Company guided through third quarter earnings and profit a bit above consensus.
1:01.4	Roku's stock is up more than 30% in the last three months.
1:05.0	Nvidia denying its chips have backdoors that would allow anyone to access or control them.
1:10.7	That follows Chinese
1:11.4	regulators summoning company officials to explain what they fear are risks in Nvidia's H20 chip. The
1:19.9	U.S. recently gave, as you know, the company the Greenlight, to begin exporting those chips to China
1:25.2	after a ban earlier this year. CSX has spoken with Goldman Sachs about
1:30.9	possibly doing a deal with arrival. It's like us too. That's according to Bloomberg.
1:37.7	We have no rivals left. The original story was that Goldman was talking to Berkshire Hathaway about Burlington, Northern Santa Faye, but Warren called in to tell us that that was not the case. Now the rumor is that Goldman's... Where was that? Goldman's working for CSX now, yeah. But maybe Goldman was always working for CSX. Could be. Probably. Well, yeah, Warren called in and said... Did we put them on and we...
2:01.6	No, we didn't put in, he called in a commercial break and just said, hey, I talked to Greg Abel.
2:05.6	Nobody here who makes decisions has had any conversations with Goldman about it.
2:09.6	It was what he told us.
2:10.6	I called in about Larry, and you know what?
	...

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