Squawk Pod 5 Things to Know Before the Opening Bell 10/17/2025
Oct 17, 2025
Financial markets are on shaky ground as concerns grow over U.S. regional banks and bad loans. In political news, President Trump and Vladimir Putin are set to meet in Budapest to discuss the conflict in Ukraine. Meanwhile, former National Security Advisor John Bolton faces indictment for mishandling classified documents. On a lighter note, the Trump administration claims a deal that could lower beef prices has been reached.
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Shutdown Extends Policy Uncertainty
- The U.S. government shutdown continued with another funding vote failing in the Senate and adjournment until Monday.
- Prolonged shutdown risk adds policy uncertainty that can weigh on markets and economic activity.
Regional Bank Credit Concerns Move Markets
- U.S. and European bank stocks fell as credit concerns around regional banks triggered selling pressure.
- The market reaction reflects contagion fears from regional-bank loan risks into broader financial markets.
Trump-Putin Meeting Planned In Budapest
- President Trump and Vladimir Putin agreed to meet in Budapest within the next two weeks to discuss ending the war in Ukraine.
- A high-profile bilateral meeting could shift geopolitical dynamics and affect related markets.