Squawk Pod 5 Things to Know Before the Opening Bell 10/29/2025
Oct 29, 2025
The Federal Reserve is poised to cut interest rates, which could shake up the markets. In international news, Israeli airstrikes in Gaza are raising tensions after a recent Hamas attack. Meanwhile, many air traffic controllers are juggling second jobs due to the ongoing government shutdown. On a brighter note, SK Hynix reports record earnings fueled by demand for AI technology. Lastly, Hurricane Melissa wreaks havoc as a powerful storm strikes Jamaica and Cuba.
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Fed Rate Cut Expected Today
- The Federal Reserve is widely expected to cut rates by a quarter point today at 2 p.m. Eastern.
- That decision will be the market's main focal point alongside geopolitics and major corporate earnings.
Gaza Ceasefire At Risk
- Israeli Prime Minister Benjamin Netanyahu ordered powerful strikes in Gaza after an alleged Hamas attack in Rafah.
- The ceasefire is now in jeopardy, escalating regional tensions and market uncertainty.
Air Traffic Staffing Crisis
- Hundreds of U.S. air traffic controllers reportedly took second jobs after missing paychecks during the government shutdown.
- Increased absences and sick calls have driven thousands of daily flight delays, Secretary Sean Duffy said.