Squawk Pod 5 Things to Know Before the Opening Bell 6/11/25
Jun 11, 2025
Elon Musk's surprising comments about President Trump spark discussions on shifting public relations. Tesla gears up for its innovative robotaxi service in Austin. U.S. and China are inching closer to a trade resolution, much to market watchers' relief. Meanwhile, speculation surrounds Treasury Secretary Scott Bessent's potential Fed chair candidacy, though the White House downgrades the chatter. These developments set the stage for an intriguing market opening.
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Elon Musk's Public Apology
- Elon Musk publicly apologized for some of his critical posts about President Trump.
- This marks a rare public correction reflecting sensitivity to his statements' impact.
Tesla's Robotaxi Launch Plans
- Tesla plans to launch its robo-taxi service in Austin, Texas on June 22nd.
- Elon Musk emphasized strict safety measures delaying the service cautiously.
U.S.-China Trade Talks Progress
- U.S. and China reached a potential resolution to revive the Geneva consensus on trade.
- The deal involves suspending tariffs and easing export restrictions despite mutual cheating accusations.