Squawk Pod 5 Things to Know Before the Opening Bell 9/17/2025
Sep 17, 2025
Chinese authorities are taking a hard stance by telling tech companies to halt Nvidia chip purchases. Mortgage rates are plummeting, just in time for the Federal Reserve's crucial rate decision. In a surprising move, Jerry Greenfield, one of the co-founders of Ben & Jerry's, has announced his departure from the company. Meanwhile, Baidu's shares are soaring, bringing excitement to the market. On a less positive note, Costco has issued a recall for its house brand prosecco, making headlines.
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China Pushes Domestic AI Chips
- Chinese regulators reportedly told tech firms to stop buying NVIDIA AI chips and cancel existing orders.
- The move appears aimed at steering purchases to domestic Chinese-made chips seen as equivalent to NVIDIA's H200.
Mortgage Rates Fall Before Fed Decision
- Mortgage rates dropped sharply ahead of the highly anticipated Fed decision, with 30-year averages falling to 6.13%.
- That level is the lowest since late 2022 and may influence housing demand and refinancing activity.
Co-Founder Leaves Ben & Jerry's
- Jerry Greenfield announced he quit Ben & Jerry's, citing loss of independence under Unilever despite a merger agreement.
- Ben Cohen shared Greenfield's letter on X and noted ongoing clashes with Unilever over social issues.