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Squawk Pod

5 Things to Know Before the Opening Bell 9/2/2025

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2543 Ratings

🗓️ 2 September 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

The 5 things you need to know before the stock market opens today: Nvidia shares are under pressure after reports Alibaba is developing a competing AI chip, Alibaba’s Hong Kong shares jumped nearly 20 percent on strong cloud growth, OpenAI is exploring partners to build a massive data center in India, Vogue editor Anna Wintour has chosen her successor, and the Powerball jackpot has climbed to $1.3 billion. 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 Becky Quick, co-host of Squawk Box with Andrew Ross Sorkin and Joe Kernan, and this is five things to know before the opening bell.

0:10.0

We're watching shares of Nvidia in the pre-market after closing down more than 3% Friday on a CNBC report that one of its top rivals in China, Alibaba, is developing a competing AI chip.

0:22.6

Invidia shares this morning off by about 1.5%.

0:25.5

Alibaba's Hong Kong listed shares shot up close to 20% yesterday.

0:30.8

That came after an earnings report on Friday that showed cloud computing revenue grew by 26% year over year.

0:37.4

Open AI is reportedly vetting potential partners to help build a massive data center in India.

0:43.1

A Bloomberg report says that the site could be among the country's largest,

0:47.1

and it could be announced by CEO Sam Altman when he visits India this month.

0:52.1

And longtime Vogue editor-in-chief, Anna Wintour, has reportedly

0:55.7

picked Chloe Moll to be her successor. Mall is the daughter of actress Candice Bergen and the

1:01.5

late Louis Moll, the famous French film director. She has worked for Vogue since 2011. And the

1:08.2

Powerball lottery, growing to $1.3 billion after there was no jackpot winner last night.

1:14.3

The next drawing will be Wednesday night. That is the fifth largest in Powerball history.

1:19.4

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

1:24.7

Stay tuned to your feed, wherever you get your podcasts,

1:28.5

and listen anytime.

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