Squawk Pod 5 Things to Know Before the Opening Bell 11/3/2025
Nov 3, 2025
Berkshire Hathaway sees a remarkable 34% increase in third-quarter earnings. President Trump pushes for U.S. exclusivity on Nvidia’s advanced semiconductor chips. SNAP food benefits may restart amid government shutdown. OPEC+ announces a slight rise in crude oil production. Canadian Prime Minister Mark Carney issues an apology regarding a controversial political ad featuring Ronald Reagan.
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Berkshire's Big Q3 Rebound
- Berkshire Hathaway's operating profit rose 34% in Q3, signaling a sharp earnings rebound.
- This suggests strong underlying performance at Warren Buffett's company despite market uncertainty.
U.S.-Only Demand For Top AI Chips
- President Trump said NVIDIA's most advanced Blackwell AI chips should be reserved for U.S. companies.
- The comment highlights growing political pressure to limit advanced chip access globally.
Prepare For A Short SNAP Delay
- Expect some delay in SNAP payments restarting despite the court order to use emergency funds.
- Prepare for limited short-term disruption and watch for an official restart announcement this week.