Squawk Pod 5 Things to Know Before the Opening Bell 12/12/2025
Dec 12, 2025
President Trump aims to standardize AI regulations with a new executive order. The Federal Reserve reappoints most of its regional bank presidents, stabilizing expectations. Costco reports strong earnings, highlighting impressive growth in digital sales. NASCAR resolves an antitrust lawsuit, affecting team charters. Lastly, Elon Musk announces plans for a SpaceX IPO in 2026, sparking discussions about its valuation and implications for his other business interests.
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National AI Push And Fed Reappointments
- President Trump signed an executive order pushing for a national framework to preempt state AI laws and centralize regulation.
- The Fed reappointed 11 regional presidents, easing fears Trump would reshape regional leadership on the board.
Costco's Strong Sales And Tariff Focus
- Costco beat earnings and revenue with U.S. comps up 5.9% and digital sales up over 20% year-over-year.
- The company is actively seeking ways to reduce the impact of President Trump's tariffs on its business.
NASCAR Settles Jordan-Led Antitrust Suit
- NASCAR settled an antitrust suit after an eight-day trial brought by teams including one owned by Michael Jordan.
- The settlement granted the teams permanent charters, though terms were not released.