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

News breaking earlier this hour, Tesla's board has approved an interim pay package for Elon Musk of $96 million worth,

$96 million shares that are worth about $30 billion.

The board says that it's a good faith payment that honors Musk's 2018 deal that was struck down by a Delaware court.

It also says it's a first step to encourage Musk to refocus his energies on Tesla.

The Canadian cabinet minister in charge of trade with the United States says that President

Trump and Canadian Prime Minister Mark Carney will likely talk over the next few days. That follows

the U.S. move to slap 35 percent tariffs on Canadian goods. On CBS yesterday, the trade minister

said that he thinks a deal to bring down tariffs remains an option.

OPEC and its allies agreeing to raise oil production by roughly 550,000 barrels a day next month.

The cartel is citing a healthy economy and low stockpiles for its decision.

It's the latest in a series of output hikes as OPEC looks to regain market share, though this one was widely expected by the market.

And the Athletic is reporting that ESPN will acquire NFL Red Zone and other top NFL media holdings.

In return, the league will receive as much as 10% equity in ESPN potentially worth billions of dollars. The report says that the deal could be announced as soon as 10% equity in ESPN, potentially worth billions of dollars.

The report says that the deal could be announced as soon as this week.

And Marvel's new Fantastic Four movie hanging on to the top spot at the box office.

That film earning $40 million domestically this past weekend.

That's a 66% drop from its debut weekend.

We'll be back later today with Squawk Pod, our daily podcast featuring the best of Squawk Box.

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