5 Things to Know Before the Opening Bell 6/2/25
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Before investing in any exchange-traded fund, you should consider its investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus, an offering circular, or, if available, a summary prospectus containing this information. Read it carefully. While active ETFs offer the potential to outperform an index, these products may more significantly trail an index as compared with passive ETFs. Fidelity Brokerage Services, LLC. Member NYSC SIPC.

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Hi, I'm Andrew Osorkian, co-host of Squawk Box with Joe Kernan and Becky Quick. And this is five things to know ahead of the opening bell.

Lawmakers returned to work this week. The Senate said to take up the reconciliation bill. Republican Senator Ron Johnson says he's going to insist on deeper spending cuts to address the debt burden. Meantime, the Trump administration's push to cut government costs has expanded from consulting firms now to technology companies. Wall Street Journal reporting that officials sent a letter to 10 tech firms last week.

Those include Dell and IT firm CDW. They're asking executives to justify their work and to find areas to cut.

Meantime, Ukraine says it destroyed dozens of Russian warplanes in a clandestine drone attack on Russia's long-range bomber fleet. The attack coming as delegations from Russia and Ukraine are set to meet today in Istanbul for negotiations for a ceasefire. And Newark Airport is going to be reopening a closed runway today. It happens today. It has contributed to weeks of delays and chaos. The FAA evaluated the repairs to the runway and deemed it safe. The work was completed 13 days ahead.

ahead of schedule, a rarity. And at the weekend box office, Disney's Lilo and Stitch bringing in $63 million, becoming the second highest-grossing movie of the year behind the Minecraft movie. It has now sold $280 million in tickets in the U.S. and Canada. A reminder, get the best of Squawk Box in our daily podcast. Follow Squawk Pod on your favorite podcast app and listen anytime. ♪♪

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