We’re trying something new!  The 5 things you need to know before the stock market opens today: President Trump tries to make a deal with China’s President Xi, The White House sent Congress a $9.4B rescissions package, the Bank of Japan is worried about U.S. tariffs hurting exports, challenges at Nissan, and shareholders rebuke Warner Bros Discovery CEO David Zaslav.

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.  Let us know what you think of Squawk Pod by leaving a comment or review!

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Partners at 1789 Capital Donald Trump Jr. and Omeed Malik are betting on building the “Amazon of guns” through GrabAGun’s SPAC deal. Both discuss their “ideological investments” and the future of conservatism, and Trump Jr. weighs in on his father’s $TRUMP meme coin. After Lester Holt hosted his last Nightly News, Tom Llamas stepped into the role. Llamas explains how he sees his role as a mainstream journalist in the current news environment. Plus, Chicago Fed president Austan Goolsbee and Dallas Fed president Lorie Logan have spoken out on inflation, Neuralink has raised $650m in fresh capital, and CNBC’s Courtney Reagan itemizes the costs of tariffs in retail. 

Donald Trump Jr. & Omeed Malik - 14:30

Courtney Reagan - 38:33

Tom Llamas - 45:37

In this episode:

Donald J. Trump Jr., @DonaldJTrumpJr

Omeed Malik, @RealOmeedMalik

Courtney Reagan, @courtreagan

Becky Quick, @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Cameron Costa, @CameronCostaNY

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In a roughly $1 billion deal, Roark Capital has added Dave’s Hot Chicken to its portfolio of Auntie Anne’s, Subway, and Dunkin’. CEO of the chicken chain Bill Phelps recounts the company’s journey from folding tables in a parking lot to hundreds of locations around the world. The reconciliation bill has moved from the House to the Senate; Senator Markwayne Mullin (R-Oklahoma) serves as the legislation’s liaison between both branches of Congress and the White House, and he’s confident that the Senate’s changes to the bill will remain cosmetic, rather than structural. Plus, a moment from Squawk Box made it to the Oval Office, and the state of trade and tariffs is still in flux. 

Mike Santelli - 15:12

Sen. Markwayne Mullin - 21:05

Bill Phelps - 34:14

In this episode:

Markwayne Mullin, @SenMullin

Becky Quick, @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

We’re trying something new!  The 5 things you need to know before the stock market opens today: the big, beautiful bill hits the U.S. Senate, the Trump Administration continues to find ways to cut costs, Ukraine lands a strategic hit on Russia, good news for travelers at Newark Airport and the power of Lilo & Stitch.

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.  Let us know what you think of Squawk Pod by leaving a comment or review.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

U.S. Trade Representative Jamieson Greer explains the current state of negotiations with America’s trade partners, including Treasury Secretary Scott Bessent’s comment that trade talks with China are “stalled” and President Trump’s latest accusation that China violated its preliminary trade agreement. Ambassador Greer discusses the seesaw of politcy progress around the world. Elon Musk is winding down his time at DOGE, and Ulta Beauty is upbeat on consumer spend. Plus, wellness and supplement company AG1 is worth over $1B, and CEO Kat Cole is aiming for even more medicine cabinets.

Amb. Jamieson Greer - 17:17

Kat Cole - 38:30

In this episode:

Jamieson Greer, @USTradeRep

Kat Cole, @KatColeATL

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

United Airlines CEO Scott Kirby discusses the future of flights out of Newark, the time horizon for supersonic air travel, and regulatory scrutiny on his industry. CNBC’s Phil Lebeau has the details on United’s new collaboration with JetBlue, aimed to add value for frequent flyers of each respective airline. Committee for a Responsible Federal Budget president Maya MacGuineas issues a warning on government spending. The reconciliation bill making its way through Congress doesn’t restrict spending enough, according to the CRFB. Plus, Nvidia lost billions in the Chinese market last quarter, Elon Musk has hinted at a pullback from his DOGE role, and President Trump is pushing back against the “Trump Always Chickens Out” trade on Wall Street.

Megan Cassella - 06:03

Phil LeBeau - 22:13

Scott Kirby - 24:39

Maya MacGuineas - 45:17

In this episode:

Megan Cassella, @mmcassella

Phil LeBeau, @Lebeaucarnews

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

U.S. Secretary of Education Linda McMahon discusses the Trump administration’s feud with Harvard, as well as the idea of taxing well-endowed universities more like corporations. Bonnie Hammer, former Vice Chair of NBCUniversal and dubbed the “queen of cable,” discusses the future of streamed and linear content. This graduation season, Hammer warns that AI could be more a hindrance than a help for fresh applicants on the job hunt. Plus, Elon Musk has expressed doubts about the GOP’s “big, beautiful bill,” and CNBC’s MacKenzie Sigalos is in Las Vegas with the crypto world for Bitcoin 2025. 

MacKenzie Sigalos - 07:30

Linda McMahon - 16:21

Bonnie Hammer - 30:20

In this episode:

Sec. Linda McMahon, @EDSecMcMahon

MacKenzie Sigalos, @KenzieSigalos

Becky Quick, @BeckyQuick
Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

After a whiplash weekend of trade news, the U.S. will institute a 50% tariff on goods from the EU, starting in July. National Economic Council Director Kevin Hassett discusses the goals for ongoing negotiations and offers a hint at new trade deals coming soon. Ray Washburne sits on the boards of Sunoco and Red Lobster, and he’s invested in luxury retail centers, offices, and restaurants. Based on his exposure to the American consumer, Washburne warns about consumer debt and suggests watching diesel as a barometer for U.S. economic and consumer health. Plus, Disney’s live-action remake of “Lilo and Stitch” led the box office over the long weekend, Japan’s long-dated bond yields have fallen, and Elon Musk will now be “super focused” on X, xAI, and Tesla. 

Ray Washburne - 14:20

Kevin Hassett - 31:37

In this episode:

Becky Quick, @BeckyQuick
Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Co-founder and co-chairman of the Carlyle Group David Rubenstein addresses President Trump’s latest social media post threatening a 25% tariff on Apple iPhones made outside the U.S., as well as the bond market and the ongoing tension between America’s Ivy League institutions and the Oval Office. Centers for Medicare & Medicaid Services Administrator Dr. Mehmet Oz explains his perspective on Robert F. Kennedy Jr.’s “Make America Healthy Again” effort and proposed changes to Medicaid work requirements and SNAP benefits. Plus, President Trump hosted a dinner with top holders of the $TRUMP meme coin, and the Supreme Court ruled that the President could fire some leaders of independent federal agencies. However, SCOTUS strongly suggested that terminations at the Federal Reserve would be handled differently. 

MacKenzie Sigalos - 08:16

David Rubenstein - 19:49

Dr. Mehmet Oz - 41:54

In this episode:

Dr. Mehmet Oz, @DrOzCMS

David Rubenstein, @DM_Rubenstein

MacKenzie Sigalos, @KenzieSigalos

Becky Quick, @BeckyQuick
Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

After a near all-nighter of debate and amendments, House lawmakers passed President Trump’s mega-bill. CNBC’s Emily Wilkins explains the long road to a tight vote, and Rep. Chip Roy (R-Texas) discusses his own shift from a “nay” to a “yea” vote. Rep. Roy is hopeful that more revisions will be made during the legislation’s next stop in the Senate, namely those addressing his concerns about the deficit and Medicaid. OpenAI is bringing in ex-Apple innovator and designer Jony Ive to build a new, mystery project. In Washington, authorities have identified and detained the gunman in the killing of two Israel embassy staff. Plus, ahead of the holiday weekend, Brian Kelly (The Points Guy) shares travel trends among Americans. 

Steve Kovach - 4:28

Rep. Chip Roy - 17:29

Brian Kelly - 30:17

In this episode:

Emily Wilkins,@emrwilkins

Becky Quick, @BeckyQuick
Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.