Squawk Pod 5 Things to Know Before the Opening Bell 1/14/26
Jan 14, 2026
Saks Global is filing for Chapter 11 bankruptcy while appointing a new CEO and securing $1.75 billion in financing. Coca-Cola is halting its plans to sell Costa Coffee after disappointing offers. Tesla is shifting to a subscription model for its 'full self-driving' feature, and Japanese stocks are soaring to record highs. Meanwhile, AI chip company Cerebras Systems is aiming to raise $1 billion at a whopping $22 billion valuation. The financial landscape is dynamic and full of surprises!
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Saks Global Files For Chapter 11
- Saks Global has filed for Chapter 11 and secured about $1.75 billion in financing to keep stores open.
- The company is also bringing in a new CEO to replace Richard Baker amid the restructuring.
Tesla Moves FSD To Subscription
- Elon Musk said Tesla will stop selling its Full Self-Driving feature outright and switch to a monthly subscription model after February 14.
- That change reframes access to FSD from a one-time purchase to recurring revenue.
Japanese Stocks Rally On Snap Election Talk
- Japanese stocks hit record highs amid expectations the prime minister may call a snap election to pursue stimulative policies.
- Investors anticipate pro-growth measures if a snap vote occurs next month.