Squawk Pod 5 Things to Know Before the Opening Bell 10/3/2025
Oct 3, 2025
A looming government shutdown halts the critical employment report. In a major move, BlackRock is in talks to acquire a key data center company for $40 billion, signaling a bold AI investment. Meanwhile, USA Rare Earth sees its stock rise following discussions with the Trump administration. Alphabet plans to spin off its Verily life-sciences unit. And in pop culture news, Taylor Swift's 12th album drops at midnight, creating waves among eager fans.
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Huge Private Bets On Data Centers
- BlackRock's Global Infrastructure Partners is in advanced talks to buy a major data center company, signaling big private capital moves into AI infrastructure.
- Bloomberg values the potential deal at about $40 billion, showing scale of investor bets on data-center assets.
Jobs Report Halted By Shutdown
- The D.C. government shutdown halted the monthly jobs report release today, removing a key macro data point from markets.
- Markets will trade without that important employment snapshot, increasing focus on other signals and company news.
Government Moves Into Critical Minerals
- USA Rare Earth shares jumped after the company said it is in close communication with the White House about a potential deal.
- The move follows recent government equity stakes in critical-miner companies, highlighting growing state involvement in minerals.