Squawk Pod 5 Things to Know Before the Opening Bell 8/29/2025
Aug 29, 2025
Caterpillar faces a downturn as it hikes tariff cost estimates to $1.8 billion. Gap struggles with a 9% decline in Athleta sales. Meanwhile, Nvidia is negotiating with the White House over limited chip sales to China. Dell's shares slip amid cautious earnings guidance, contrasting with the soaring success of Affirm, driven by impressive results and positive forecasts. Get ready for a whirlwind of market updates before the opening bell!
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Caterpillar Raises Tariff Cost Estimate
- Caterpillar raised its 2025 tariff cost estimate to $1.5–$1.8 billion, up from prior guidance.
- That larger tariff hit pressured Cat shares in premarket trading.
Market Movers And Drivers
- Caterpillar, Gap, Nvidia, Dell, and Affirm headlines set the market tone before the open.
- Tariff impacts and chip policy discussions emerged as primary drivers of premarket moves.
Gap Faces Mixed Sales And Higher Tariffs
- Gap saw overall comps rise but Athleta comps fell 9%, and tariff impact guidance was raised.
- The mixed sales and higher tariff estimate weighed on Gap's stock.