Squawk Pod 5 Things to Know Before the Opening Bell 7/2/2025
Jul 2, 2025
Get ready for market insights as private sector hiring metrics are about to drop. Tesla is set to announce its delivery figures for the second quarter, while health insurer Centene pulls back on earnings guidance. Constellation Brands misses quarterly estimates, raising eyebrows in the beverage sector. On a more entertaining note, Netflix and Spotify might be plotting a collaboration that could change the streaming landscape.
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June Jobs and Tesla Deliveries
- The ADP report will reveal private sector hiring trends, expected to show 120,000 added jobs in June.
- Tesla's Q2 deliveries anticipate a decline of over 11% compared to last year, with 393,000 vehicles predicted.
Health Insurers Face Pressure
- Centene's stock dropped about 25% as it withdrew 2025 earnings guidance due to shifting market trends.
- Other health insurers also suffered losses this morning, reflecting sector-wide concerns.
Constellation Brands Earnings Miss
- Constellation Brands missed recent quarterly earnings and revenues due to falling demand and rising aluminum can tariffs.
- Despite the miss, the company maintains its full-year financial guidance.