Ahead for AI and tech: commoditization and consolidation. CNBC’s Steve Kovach and former Facebook Chief Privacy Officer and General Counsel Chris Kelly map out the road ahead for tech’s most innovative companies. After a volatile year for crypto, investor Anthony Pompliano discusses asset prices and Coinbase’s latest acquisition of a prediction markets platform. Plus, Jim Beam has stopped bourbon production at its Kentucky facility for the next year, and the Kansas City Chiefs are moving. Happy Festivus!

Steve Kovach - 
Chris Kelly - 
Anthony Pompliano - 

In this episode:
Anthony Pompliano, @APompliano
Joe Kernen, @JoeSquawk
Andrew Ross Sorkin, @andrewrsorkin
Cameron Costa, @CameronCostaNY

5 Things to Know Before the Opening Bell 12/24/2025

Squawk Pod is a daily, guided curation of the top moments and takeaways from CNBC’s flagship morning show, “Squawk Box”, anchored by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Each day, the podcast includes news making interviews, perspective and analysis from iconic guest hosts, and slices of debate and discussion—from the heated to the hilarious— all wrapped with exclusive context and color from Senior Producer Katie Kramer.