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Squawk Pod

5 Things to Know Before the Opening Bell 9/12/2025

Squawk Pod

CNBC

Business News, Business, Investing, News

4.2543 Ratings

🗓️ 12 September 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

The 5 things you need to know before the stock market opens today: Lawyers for President Trump are asking an appeals court to let his bid to fire Federal Reserve Governor Lisa Cook continue before next week’s Open Market Committee meeting, Treasury Secretary Scott Bessent continues interviewing candidates for next Fed chair, Adobe shares are heading up, RH is under pressure, and AI tech firm Super Micro has begun to ship Nvidia Blackwell chips worldwide. 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.

0:04.6

Today, I'm with Becky Quick, and this is five things to know before today's opening bell.

0:10.6

Lawyers for President Trump asking a federal appeals court to let his bid to fire Fed Governor Lisa Cook

0:17.0

take effect before next week's rate-setting meeting.

0:20.7

Department of Justice officials

0:22.8

want the court to rule by Monday afternoon. Meant time report from our own Steve Leasman says

0:28.6

the Treasury Secretary Scott Besson met with several candidates to be the next Fed chair. He's met

0:34.1

with them in recent days, among them. Former Fed official Larry Lindsay.

0:39.1

Good. Kevin Warsh. Good. And James Bullard, like all three of those. A Treasury source said

0:44.7

Bessent will wait until the FOMC blackout period ends next week to interview sitting Fed officials.

0:52.3

What was the story recently that said it was down to three again?

0:55.2

Was that, I didn't see that.

0:57.0

I don't listen.

0:58.0

I've given up on, yeah, all right, we'll see.

1:00.0

Either 12 or three.

1:01.1

Shares of Adobe or higher, earnings and revenue, guidance,

1:06.9

top, and guidance, topped estimates.

1:09.2

And meanwhile, shares of RH formerly., formerly known as Restoration Hardware, under pressure revenue, fell short,

1:15.5

and the company cut its full year guidance, citing continued tariff uncertainty.

1:19.8

It had affirmed that guidance just three months ago, so it did not reaffirm in this case.

1:26.3

The company said the new forecast does not take into account the tariff investigation into

1:32.1

furniture entering the United States that Trump, that the president announced last month.

...

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