5 Things to Know Before the Opening Bell 6/4/25
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Hi, I'm Becky Quick, co-host of Squawk Box. Today I'm with Joe Kernan, and this is five things you need to know before today's opening bell. President Trump posting about trade early this morning on Truth Social. He said he likes China's President Xi, but he is very tough and extremely hard to make a deal with.

The White House sent Congress a $9.4 billion recessions package today that would codify some of the spending cuts that were made by the Doge team. The administration is essentially asking lawmakers to reverse spending that they previously approved for foreign aid and publicly funded media, including NPR and PBS. $9 billion. $9 billion. $9 billion. It's going to be like pulling teeth without Novocaine. For $9 billion. For $9 billion. Not $2 trillion. $2 trillion.

Not one trillion. I mean, this is very frustrating. You can understand why Elon gets really ticked off with it. You know, I'm ticked off, too. I just I don't want my salt. I'm willing to give up things that would have benefit. Apparently he's not. No, apparently he's not agree with you. I would say what he said over the weekend. I agreed with totally.

But when he says it's an abomination and I want my solar and EV credits, that's where it's like, wow, all along, is this all you cared about? If he's willing to give up the solar and EV credits. Then it's fine. To get back to these five points for today, the governor of the Bank of Japan said uncertainty over U.S. trade policy and President Trump's tariffs could hurt Japan's exports further.

prod firms to delay capital spending plans and discourage them from raising wages. But he signaled confidence in the ability of Japan's economy to withstand downward pressure like that. And the CEO of Nissan Motors speaking to our colleagues at Squawk Box Europe earlier this morning.

Ivan Espinoza took over as CEO in April. He said that the company's short-term focus is to fix the company as it contends with declining sales, the transition to EVs and competition from Chinese rivals, as well as the threat of tariffs. And Warner Brothers shareholders voted to reject a $51.9 million pay package for CEO David Zaslav. That vote is non-binding, but the board says that it takes it seriously and will continue to engage with shareholders.

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. At Capella University, learning online doesn't mean learning alone. You'll get dedicated support from people who care about your success. A different future is closer than you think with Capella University. Learn more at capella.edu.