A 5% Stake in OpenAI & Walter Isaacson 7/2/26

**SPEAKER_1** (0:00)
Hey, Fidelity, what's it cost to invest with the Fidelity app?

**SPEAKER_2** (0:04)
Start with as little as $1 with no account fees or trade commissions on US stocks and ETFs.

**SPEAKER_3** (0:11)
Hmm, that's music to my ears.

**SPEAKER_2** (0:14)
I can only talk.

**Becky Quick** (0:16)
Investing involves risk, including risk of loss.

**SPEAKER_1** (0:17)
Zero account fees apply to retail brokerage accounts only. Zero dollar commission does not apply to customers designated by Fidelity as a professional equity trader.

**Becky Quick** (0:22)
A limited number of ETFs are subject to a service fee of $100.

**SPEAKER_5** (0:24)
See details at fidelity.com/commissions.

**SPEAKER_1** (0:26)
Fidelity Brokerage Services LLC member NYSE SIPC.

**SPEAKER_5** (0:30)
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**Andrew Ross Sorkin** (0:51)
Bring in show music, please.

**Cameron Costa** (0:54)
This is Squawk Pod, and I'm CNBC producer Cameron Costa. On today's episode, we're celebrating July 4th.

**Walter Isaacson** (1:03)
At the local level, we should all read the Declaration of Independence, eat a hot dog, and remember how lucky we are.

**Cameron Costa** (1:09)
Walter Isaacson wrote an entire book on the first sentence of the Declaration of Independence. For him, 250 years later, we should still be working on Unity.
And Meta is considering selling its AI compute power. Former Meta Chief Technology Officer Mike Schroepfer maps out the future of tech, big and small.

**Mike Schroepfer** (1:32)
I think we're going to see a massive growth in demand, and we're also going to see a massive growth in efficiency.

**Cameron Costa** (1:39)
Plus an historic, exciting victory for the US. Men's National Team in the World Cup. And some folks are taking proposals to new heights, like at the top of the Empire State Building.

**Andrew Ross Sorkin** (1:51)
I don't want to encourage this, but nearly 1500 feet in the air.

**Cameron Costa** (1:57)
It's Thursday, July 2nd, 2026, and Squawk Pod begins right now.

**Andrew Ross Sorkin** (2:03)
Stand Becky by in three, two, one, cue please.

**Becky Quick** (2:08)
Good morning, everybody. Welcome to Squawk Box right here on CNBC. We are live from the NASDAQ Market Site in Times Square. I'm Becky Quick, along with Andrew Ross Sorkin. Joe is off today.

**Andrew Ross Sorkin** (2:19)
The US advancing to the round of 16 in the World Cup with a two to zero win against Bosnia or Slovenia in San Francisco.

**Becky Quick** (2:27)
This was awesome. I stayed up late to watch the whole thing last night.

**Andrew Ross Sorkin** (2:29)
I didn't get to stay up until the entire thing, but I was watching pieces of it as it was happening.

**Becky Quick** (2:34)
It was amazing. By the way, they did it with the second half, the last 30 minutes, I should say, with one man down. There were only 10 players on the team. So how they held on to that was really impressive.

**Andrew Ross Sorkin** (2:46)
So here we are. The US taking the lead in the 45th minute, but earning a red card in the 64th. What then forced to play is, Becky just mentioned, a man down more than half an hour. The US made a 2-0 on a free kick on the 82nd minute. This is just the second time the US has won a knockout round match in World Cup history. And the Americans are going to face Belgium in the round of 16 on Monday in Seattle.
One World Cup economic note, Goldman Sachs saying that it estimates the tournament could boost the June employment report, interestingly, by 40,000 jobs. And the official number we will be getting at 830 Eastern Time Economists, they're expecting a gain of 115,000 jobs.

**Becky Quick** (3:31)
I was wondering what the watch party was like here last night. I don't know if you remember yesterday when we were here, there was a lot of garbage because from the day before there had been a big watch party here. Looks a little cleaner out here today. And I don't know if that's because it's so hot. It may have cut down on the number of people who are watching out here versus the number of people who are watching in bars or restaurants or different places, too.

**Andrew Ross Sorkin** (3:51)
I'm sorry, I feel like I missed the end of this and I should have stayed up to see it.