Squawk Pod – 5 Things to Know Before the Opening Bell 10/24/2025

Host: Becky Quick (CNBC)
Date: October 24, 2025

Episode Overview

In this brisk, information-packed episode, Becky Quick delivers the five essential stories that will shape the trading day, straight from CNBC’s “Squawk Box.” The episode quickly covers urgent market headlines—including earnings, macroeconomic developments, and major corporate moves—equipping listeners with the need-to-know facts before markets open. The focus is on earnings results from key companies, the ongoing government shutdown, and significant job cuts in the tech sector.

Key Discussion Points and Insights

1. Government Shutdown Reaches Day 24

• Summary:
  The federal government shutdown has now entered its 24th day. Many federal employees are missing their first full paycheck since the shutdown began.
• Economic Impact:
  The ongoing shutdown raises concerns about consumer spending and general economic stability, as workers across agencies face immediate financial pressure.
• Quote:

  "Many federal employees are expected to miss their first full paycheck since the shutdown began."
  (Becky Quick, 00:16)

2. Intel Returns to Profitability

• Summary:
  Intel (INTC) shares are surging after the company returned to profitability in the most recent quarter.
  • Revenue: $13.6 billion (beating $13.1 billion estimates)
  • Guidance: Fourth quarter outlook roughly in line with expectations
  • Stock Move: +7.7%
• Market Take:
  Investors are reacting positively, as the results suggest Intel's turnaround efforts are gaining traction.
• Quote:

  “Shares of Intel are rising, the company returning to profitability in its most recent quarter… That stock is up big by 7.7%.”
  (Becky Quick, 00:25)

3. Ford Earnings Beat, But Guidance Lowered

• Summary:
  Ford (F) posts better-than-expected earnings, but lowers its full-year guidance due to a supplier fire impacting production of large trucks and SUVs.
  • CEO Jim Farley remains optimistic about recovery next year.
  • Stock Move: +3%
• Industry Context:
  Production setbacks demonstrate the fragility of supply chains but Ford expects to bounce back.
• Quote:

  “Jim Farley did say they think they'll make it up next year when things are back up and running and back online… That stock right now up by about 3%.”
  (Becky Quick, 00:40)

4. Deckers Outdoor Tumbles Despite Beating Estimates

• Summary:
  Deckers Outdoor (DECK), parent company of Hoka and Ugg, reported earnings and revenue that beat estimates. Yet, the company's revenue forecast disappointed due to expected consumer caution.
  • Stock Move: -11.25%
• Analysis:
  Even companies beating on headline numbers can face sharp sell-offs if forward-looking guidance underwhelms.
• Quote:

  “The company sees more consumer caution ahead and as a result, that stock is off by 11 and a quarter percent.”
  (Becky Quick, 01:02)

5. Applied Materials Announces Major Job Cuts

• Summary:
  Chip maker Applied Materials is reducing its workforce by 4%, axing about 1,400 jobs.
  • Cited reasons: Automation and geographic shifts
• Broader Trend:
  Reflects ongoing restructuring and technological automation trends across the semiconductor industry.
• Quote:

  “The chip maker says the cuts are a result of automation and geographic shifts.”
  (Becky Quick, 01:15)

Notable Quotes & Memorable Moments

• On the market’s tone:

  “...we’ll be back later today with Squawk Pod, our daily podcast featuring the best of Squawk Box. Stay tuned to your feed wherever you get your podcasts and listen anytime.”
  (Becky Quick, 01:22)

Timestamps for Important Segments

| Timestamp | Segment | |-----------|-----------------------------------------------------| | 00:16 | Government shutdown and worker impact | | 00:25 | Intel earnings and stock reaction | | 00:40 | Ford’s earnings, production issues, and guidance | | 01:02 | Deckers Outdoor’s disappointing guidance | | 01:15 | Applied Materials layoffs |

Takeaway

This tightly-focused episode distills the day’s actionable pre-market stories for investors—from the ripple effects of the prolonged government shutdown to pivotal corporate earnings that are setting the tone for Wall Street’s open. Becky Quick’s delivery ensures listeners understand the day’s biggest opportunities and risks in just a few minutes.