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.
Thu, April 17, 2025
Nvidia CEO Jensen Huang is in Beijing , just as U.S. officials are eyeing his company’s supply of AI chips to DeepSeek. CNBC’s Kristina Partsinevelos explains the line between maintaining competition and preserving national security when it comes to tech infrastructure. Federal Reserve chair Jay Powell expressed concern that the central bank could be caught between controlling inflation and supporting economic growth, as tariffs contribute to economic uncertainty. President Trump responded, calling for a rate cut and the termination of Jay Powell as chair. Plus, the IRS is attempting to rescind Harvard’s tax-exempt status, and shares of UnitedHealth Group plunged after the company cut its profit forecast. Kristina Partsinevelos - 26:40 Peter Kraus - 31:43 In this episode: Kristina Partsinevelos, @KristinaParts Kelly Evans, @KellyCNBC Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, April 16, 2025
The Trump administration’s standoff with Harvard has frozen $2.2B in grants to the university. Representative Elise Stefanik (R-NY) is a Harvard alumna as well as Chairwoman of the Republican Leadership, and she’s calling to “defund Harvard.” For Rep. Stefanik, the government has a right to demand changes on campus and to withhold grant money. She discusses issues of free speech and antisemitism on college campuses. In his first interview since leaving office, former SEC Chair Gary Gensler weighs in on tariffs, negotiating with China, cryptocurrencies, and the betting markets. Plus, United Airlines is offering two profit outlooks , just in case the economy falls into a recession, and critical minerals may be the Trump administration’s next target for tariffs. Elise Stefanik - 12:30 Gary Gensler - 31:11 In this episode: Rep. Elise Stefanik, @EliseStefanik Kelly Evans, @KellyCNBC Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, April 15, 2025
The Trump administration is investigating semiconductors and pharmaceutical ingredients, the first steps toward tariffs in those industries. Former FDA Commissioner and board member at Pfizer and Illumina Dr. Scott Gottlieb shares his concern that if costs get any higher for generics like heparin, hydrocortisone, and amoxicillin, drugmakers might stop manufacturing them. Dr. Gottlieb explains America’s pharma supply chain through China and India, as well as the thin margins on some of the most commonly used drugs in the United States. The Trump administration ordered a freeze on $2.2B grants to Harvard after the university rejected the White House’s demands for changes, including to DEI programs. The move has sparked another debate about free speech on higher education campuses. Plus, the Chinese government has reportedly ordered Chinese airlines to stop buying Boeing aircraft, and DOGE cuts in DC have hit the workforce in Virginia. Governor Glenn Youngkin (R-VA) is still optimistic about his state’s future. Glenn Youngkin - 21:21 Dr. Scott Gottlieb - 39:36 In this episode: Glenn Youngkin, @GovernorVA Dr. Scott Gottlieb, @ScottGottliebMD Kelly Evans, @KellyCNBC Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, April 14, 2025
President Trump exempted consumer technology and components from his reciprocal tariffs on Friday, though by the end of the weekend, his advisors warned that those exemptions may not be permanent . Apple has reportedly increased its iPhone production in India to avoid the impact of the White House’s tariffs on goods imported from China. In an extended conversation, former Federal Reserve Chair and former Treasury Secretary Janet Yellen weighs in on the Trump administration’s tariff agenda , as well as the stability of U.S. treasurys. Former FTC Chair Lina Khan shares her own perspective on President Trump’s tariff agenda, and the two guests both align on one descriptor: chaotic. Khan, once the top antitrust watchdog, discusses the beginning of the FTC’s case against Meta, calling into question Facebook’s acquisitions of Whatsapp and Instagram. Janet Yellen - 17:25 Lina Khan - 35:47 In this episode: Lina Khan, @linamkhan Kelly Evans, @KellyCNBC Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Sat, April 12, 2025
This bonus episode of Squawk Pod, from our partners at “The Keynote” features a leader at the forefront of women’s sports. Seattle Storm Forward Nneka Ogwumike has already built her legacy as a WNBA Champion with the Los Angeles Sparks in 2016. TheMVP of league (also 2016). The first overall pick in 2012, and before that she brought Stanford to the Final Four, four years in a row. Now after the players opted out of their collective bargaining agreement her next challenge will be leading negotiations for a new contract in a pivotal time for women’s hoops. She spoke with Becky Quick about the growth of the WNBA, advocating for players and her approach to leadershipat the CNBC Sport: Inside the Business of Women’s Basketball event on April 5th 2025. To listen to other interviews from events check out “The Keynote by CNBC Events” here: https://podcasts.apple.com/us/podcast/the-keynote-by-cnbc-events/id1493248246 For information on upcoming events visit: CNBCevents.com In this episode: Nneka Ogwumike, @NnekaOgwumike Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, April 11, 2025
China strikes back at the U.S. with 125% tariffs on goods – CNBC’s Eunice Yoon reports on the latest. BCA Research’s Marko Papic says it’s dangerous to get overly bearish in a policy-induced recession. Plus, Minneapolis Fed President Neel Kashkari says the market trends show that investors are increasingly moving away from the U.S. as the safest place to invest while President Trump’s tariff tensions continue to rise. Meanwhile, in the nation’s capital, the House paves the way for Trump’s “big, beautiful bill,” and over in Hollywood, John Malone gives up his seat on the Warner Bros. Board of Directors to become Chair Emeritus. Neel Kashkari - 15:48 Marko Papic - 43:17 In this episode: Neel Kashkari, @neelkashkari Eunice Yoon, @onlyyoontv Marko Papic, @Geo_papic Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese
Thu, April 10, 2025
Just days after the White House shut down rumors of a potential pause on tariffs, the world reacts to a swift reversal . National Economic Council Director Kevin Hassett discusses the market’s reaction to President Trump declaring a 90-day pause on tariffs and how a spike in the bond market possibly changed negotiations. Plus, Amazon CEO Andy Jassy sits down in an exclusive interview at the company’s headquarters, saying he believes sellers will pass increased tariffs costs on to consumers. Meanwhile, Becky Quick revisited her 2019 conversation with Warren Buffett, Charlie Munger and Bill Gates discussing the then-latest developments in the U.S.-China trade talks and what they thought would benefit all parties involved. Watch the video from that discussion here . Kevin Hassett 25:37 Andy Jassy 47:07 In this episode: Andy Jassy, @ajassy Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, April 09, 2025
Senator Elizabeth Warren weighs in on legislation aimed at repealing President Trump’s tariffs by canceling the emergency declaration used to justify them, saying that tariffs can be useful tools when used correctly – which is not the case right now. Meanwhile, Apollo CEO Marc Rowan said he’s seeing things slow down due to the economic uncertainty, but we’re not in a recession yet. Plus, CNBC’s Robert Frank reports on why the bond market may be the biggest risk to the president’s tax bill, China announces an 84% tariff on U.S. goods and President Trump delivers remarks at the National Republican Congressional Committee President’s Dinner. Sen. Elizabeth Warren - 24:35 Marc Rowan - 36:53 In this episode: Elizabeth Warren, @SenWarren Robert Frank, @robtfrank__ Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, April 08, 2025
Treasury Secretary Scott Bessent calls China’s tariff escalation a “big mistake,” adding that he expects the U.S. to be able to reach deals with its trading partners. On the other hand, Kentucky Senator Rand Paul says while he supports President Donald Trump, he does not support tariffs, emphasizing that every trade relationship is mutually beneficial. Plus, Apple is reportedly planning to source more iPhones from India after Trump’s China tariffs, and Shopify CEO Tobi Lutke told employees that they’ll have to show their jobs can’t be done by artificial intelligence before asking for more headcount and resources. Sec. Scott Bessent - 16:39 Sen. Rand Paul - 34:52 In this episode: Scott Bessent, @SecScottBessent Rand Paul, @SenRandPaul Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @cameroncostany
Mon, April 07, 2025
Peter Navarro - 22:06 In this episode: Peter Navarro, @RealPNavarro Leslie Picker, @LesliePicker Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, April 04, 2025
China announced a 34% retaliatory tariff on all goods imported from the U.S. on Friday morning following President Trump’s decision to slap steep tariffs on many countries. University of Pennsylvania Wharton School of Business professor Jeremy Siegel calls Trump’s actions the “biggest policy mistake in 95 years.” Meanwhile, in the nation’s capital, Senators Maria Cantwell and Chuck Grassley introduced bipartisan legislation to give Congress more power in setting and approving trade policy. Sen. Cantwell explains the push to limit the President’s authority. Plus, Snap-on CEO Nick Pinchuk weighs in on whether the broad tariffs were actually necessary and how they place the spotlight on the difficulties of manufacturing. Jeremy Siegel - 11:40 Sen. Maria Cantwell - 25:46 Nick Pinchuk - 33:18 In this episode: Maria Cantwell, @SenatorCantwell Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, April 03, 2025
In remarks in the Rose Garden on April 2, President Trump announced steep tariff rates on many countries, including 34% on China, 20% on the European Union, 46% on Vietnam and 32% on Taiwan. Citi Wealth CIO Kate Moore explains the implications for the markets, and CNBC’s Steve Liesman explains the administration’s calculus in arriving at these numbers . Courtney Reagan and Phil LeBeau report on how retailers and automakers are navigating the changes. Finally, an extended interview with the official at the center of it all: Commerce Secretary Howard Lutnick. Sec. Lutnick defends and explains the tariff strategy, underscoring his and the President’s hopes to bring manufacturing back on shore. Kate Moore - 11:21 Steve Liesman - 24:21 Phil LeBeau - 36:14 Courtney Reagan - 38:37 Howard Lutnick - 43:07 In this episode: Steve Liesman, @steveliesman Phil LeBeau, @Lebeaucarnews Courtney Reagan, @courtreagan Howard Lutnick, @howardlutnick Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, April 02, 2025
More details on President Trump’s tariff plans are imminent, but Ontario Premier Doug Ford says POTUS can spare the trouble; Canada would be willing to drop its own tariffs, if the United States agreed to drop tariffs, as well. TikTok US buyers are lining up , as the deadline for Bytedance’s divestiture looms. Plus, OpenAI has made its first investment in cybersecurity: Adaptive Security. The company’s co-founder and CEO Brian Long explains how to mitigate risks to your own security and offers a strange surprise: AI anchors. Doug Ford - 12:37 Brian Long - 27:24 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, April 01, 2025
The reconciliation bill remains stalled in Congress. Senator Bill Cassidy (R- Louisiana) says the government must first reel in its “out-of-control” spending and debt to defend the American Dream. John Hope Bryant weighs in on why he believes financial literacy needs to be taught to every American at every education level. Plus, OpenAI closes a funding round at $40 billion, the largest private tech deal on record, Johnson & Johnson loses in court again in its bid to settle talc cases and shares of Newsmax surge for a second day after a massive IPO debut on Monday. Sen. Bill Cassidy - 16:57 Kate Rooney - 28:22 John Hope Bryant - 30:33 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie Bill Cassidy, @SenBillCassidy John Hope Bryant, @johnhopebryant Kate Rooney, @Kr00ney
Mon, March 31, 2025
The FDA’s top vaccine official has resigned from the agency, citing what he called “misinformation and lies” from HHS Secretary Robert F. Kennedy Jr. about vaccinations. Former FDA Commissioner Dr. Scott Gottlieb discusses the official’s departure, the U.S. measles outbreak , and the importance of bolstering public trust in science and health systems. Former antitrust assistant attorney general Makan Delrahim discusses the future of M&A under the second Trump administration, and investors and business owners are bracing for President Trump’s tariffs set to take effect on April 3 . Plus, President Trump has once again floated the idea for a third term, and the President has commuted Ozy Media founder Carlos Watson’s prison sentence . Makan Delrahim - 18:20 Dr. Scott Gottlieb - 29:53 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, March 28, 2025
Ahead of CoreWeave’s first trade , CEO and co-founder Mike Intrator discusses the company’s value in the AI ecosystem, including for clients like Microsoft, IBM, and OpenAI. Despite pricing at the bottom of the company’s listing price range, CoreWeave’s debut is the biggest venture-backed tech IPO in years, potentially signalling a shift in market appetite for IPOs. Senator Chris Coons (D-Connecticut) discusses the DOGE-prompted division among lawmakers and American citizens alike after Elon Musk and DOGE members gave an interview on Fox, explaining their intentions with America’s budget. Plus, Russian President Vladimir Putin has weighed in on President Trump’s intentions for Greenland , and the European Union might hit Meta and Apple with smaller fines than expected. Sen. Chris Coons - 20:29 Mike Intrator - 37:25 In this episode: Sen. Chris Coons, @ChrisCoons Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Wed, March 26, 2025
After a Signal group chat of government officials discussing pending military strikes inadvertently looped in a journalist, Vice Chair of the Select Committee on Intelligence Senator Mike Warner (D-Virginia) called for two of those officials, Secretary of Defense Pete Hegseth and Director of National Intelligence Tulsi Gabbard, to resign. Sen. Warner discusses his concerns about national security and competence in the administration. Plus, a US judge has set Boeing’s 737 Max fraud trial , and the Treasury Department is set to furlough a “substantial number” of workers. Senator Mark Warner - 18:29 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Tue, March 25, 2025
Tariffs have rattled the markets , but Carlyle co-founder and chairman David Rubenstein says they won’t push us into a recession. He suspects M&A could pick up soon, though at a discount. Rubenstein discusses owning the Orioles and his departure from the chairman role at The Kennedy Center. “How to Build a Happy Life” host and AEI President Emeritus Arthur Brooks has hope for America’s future, despite partisan vitriol. Plus, a Signal group chat has made it out of the White House and into news headlines, and Warren Buffett’s Berkshire Hathaway March Madness bracket competition has a winner–or 12. Arthur Brooks - 14:53 David Rubenstein - 31:18 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Mon, March 24, 2025
Columbia University agreed to some demands set by the Trump administration , restoring $400m in federal funds to the institution. University of Chicago president Paul Alivisatos says the deal is concerning, and it is indicative of a crisis of trust in higher education. Co-founder of Dreamworks Jeffrey Katzenberg is betting on Aura, a company that uses AI to protect kids and families online. Aura founder and CEO Hari Ravishandran joins Katzenberg to explain the tools parents can use to keep their children safe while respecting their privacy. Plus, Disney’s latest “Snow White” remake has hit theatres amid multiple controversies, South Korea’s Hyundai will announce a $20B investment in the U.S. , the IRS might collect less tax revenue this year, and tariffs are still shaking the markets. Paul Alivisatos - 15:01 Jeffrey Katzenberg & Hari Ravishandran - 26:14 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Fri, March 21, 2025
President Trump has signed an executive order aimed at dismantling the Department of Education . If Congress approves the dissolution, former U.S. Secretary of Education Margaret Spellings argues that states will need to make up for the data, oversight, and funds that the department currently handles for American students. Former FDA Commissioner Dr. Scott Gottlieb discusses the spread of avian flu and its impact on America’s food supply and its egg prices. Plus, the New York Times reported that Elon Musk is headed to the Pentagon , Tesla is weathering protests and vandalism, and Home Depot CEO has weighed in on President Trump’s tariffs. Margaret Spellings - 16:04 Dr. Scott Gottlieb - 28:43 In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Cameron Costa, @CameronCostaNY Melissa Lee, @MelissaLeeCNBC Joe Kernen, @JoeSquawk
Thu, March 20, 2025
In its latest decision, the Federal Reserve will hold interest rates steady. The U.S. markets rallied on Fed Chair Jay Powell’s comments that the economy is still strong. Nvidia rallied as well; CEO Jensen Huang discussed tariffs , bringing chip manufacturing onshore, and tech innovation. Over a dozen leaders in the U.S. oil and gas industry met at the White House on Wednesday. Energy Secretary Chris Wright discusses that meeting and President Trump’s agenda for American power. Plus, tennis legend Stan Smith helped found the ATP in the 1970s. Today he weighs in on the future of the sport, player pay, and his legacy as a player and as the face of a beloved sneaker. Happy March Madness! Chris Wright - 16:07 Stan Smith - 30:16 In this episode: Melissa Lee, @MelissaLeeCNBC Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Wed, March 19, 2025
In an extended interview, Bank of America Chairman and CEO Brian Moynihan discusses inflation, trade policy, consumers, and the Federal Reserve. The head of the nation’s second largest bank says, though consumer sentiment is down, spending is up. President Trump has fired both Democratic commissioners at the Federal Trade Commission ; CNBC’s Eamon Javers reports on the ensuing drama, lawsuits, and debates about Presidential constitutional authority. Plus, Nvidia’s week-long GTC developers conference is underway. Eamon Javers - 08:57 Brian Moynihan - 15:58 In this episode: Eamon Javers, @EamonJavers Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Tue, March 18, 2025
The Federal Reserve begins its two-day meeting today, but Rockefeller Capital Management CEO Greg Fleming argues that uncertainty around economic factors like tariffs might have the central bank on hold. Google will make its biggest acquisition to date, agreeing to $32B for cloud security startup Wiz . In other news, President Trump and President Putin will meet via phone, and Chinese EV company BYD has unveiled supercharged EV charging . Plus, two astronauts are finally on their way home from the International Space Station, thanks to SpaceX; astronaut Mike Massimino answers all our questions about space travel, from bathroom concerns and hygiene strategies. Greg Fleming - 13:22 Mike Massimino - 24:28 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Mon, March 17, 2025
The US markets are still searching for solid footing, as President Trump’s tariff agenda unfolds. The President’s economic advisor Kevin Hassett explains that April 2nd will bring the certainty and clarity that investors are hoping for. Elon Musk’s work on DOGE in Washington, DC has split his time between government efficiency and leading Tesla, SpaceX, X, and Neuralink. The Wall Street Journal’s Tim Higgins considers whether Musk’s presence in DC is putting a dent in investor confidence in Tesla , as the company’s stock price feels the pressure. Plus, a government shutdown averted , two astronauts one step closer to Earth, and the public’s view on the economy, under President Trump. Happy St. Patrick’s Day! Kevin Hassett - 16:51 Tim Higgins - 28:53 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Fri, March 14, 2025
This week, CEOs convened to discuss their relationship with the White House. Jeff Sonnenfeld from Yale's School of Management shares his thoughts on corporate America's dynamics with the administration, CEO sentiments, and policy impacts. Plus, Senate Minority Leader Chuck Schumer, D-N.Y., says he is supporting the Republican's six-month funding bill to prevent a government shutdown. Also, Ontario Premier Doug Ford described his meeting with Commerce Secretary Howard Lutnick as "positive" and "productive," following disputes over tariffs. Then, Compass is in advanced talks to acquire Warren Buffett’s real estate brokerage and Marvel Entertainment is accelerating its production move out of China due to the ongoing trade war. Leslie Picker - 17:16 Jeff Sonnenfeld - 18:47 Jeff Sonnenfeld, @JeffSonnenfeld Leslie Picker, @LesliePicker Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, March 13, 2025
New Federal Trade Commission Chair Andrew Ferguson sits down with CNBC’s Eamon Javers to discuss antitrade policy and his plans for Big Tech, saying he’s “unequivocally” not backing off of a case against Amazon. Plus, former Aetna CEO and current Oscar Health CEO Mark Bertolini weighs in on how to improve the messy, frustrating world of health insurance in what’s been a rocky start to the year for the industry. Plus, two astronauts are still stuck in space, JPMorgan Chase’s Jamie Dimon offers a word of caution on consumer spending and the countdown to a possible government shutdown continues. Andrew Ferguson - 18:02 Mark Bertolini - 35:22 Andrew Ferguson, @AFergusonFTC Mark Bertolini, @mtbert Eamon Javers, @EamonJavers Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, March 12, 2025
As markets react sharply to President Trump’s 25% tariffs on steel and aluminum , Altimeter Capital CEO Brad Gerstner weighs in on the escalating market turmoil and the broader implications of Trump’s trade policies. Amid these developments, CNBC’s Eunice Youn reports from Beijing on talks between China’s Ministry of Commerce and Walmart, which is seeking price reductions from Chinese suppliers to mitigate tariff impacts. Plus, CNBC’s Eamon Javers delivers insights on Trump FTC Chair Andrew Ferguson’s recent remarks to CEOs , emphasizing that while he won’t allow mergers to falter unnecessarily, automatic approvals for significant mergers aren’t guaranteed. Eamon Javers - 09:14 Eunice Yoon - 16:13 Brad Gerstner - 22:51 Eunice Yoon, @onlyyoontv Eamon Javers, @EamonJavers Brad Gerstner, @altcap Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, March 11, 2025
Tesla shares have lost 50% of their value ($800B in market cap) since their peak in December, dropping 15% in Monday’s trading session alone. Despite the slide–and Elon Musk’s increased visibility in DC–longtime Tesla shareholder Ron Baron says he's still a believer in the company’s fundamentals and the company’s leader. Tesla comprises 32% of one of his funds, and Baron explains his persistent optimism. Tesla isn’t the only stock under pressure; the Dow dropped 900 points on Monday, and the Nasdaq suffered its worst day since 2022. Plus, U.S. Secretary of Education Linda McMahon explains why, as a bureaucrat, she believes bureaucracy hurts more than helps education outcomes. Sec. McMahon discusses the imminent unwinding of her own department. Ron Baron - 13:56 Linda McMahon - 45:05 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, March 10, 2025
As Wall Street stumbles on fears of a trade war , National Economic Council Director Kevin Hassett discusses the U.S. economy and the uncertainties that are shaking investors. Tariff concerns extend to small businesses, too; Mezcalum co-founders (and Real Housewives of New York stars) Erin and Abe Lichy share how they’re absorbing raised costs in their supply chain for mezcal from Mexico. CNBC’s Eamon Javers reports on President Trump’s latest comments from Washington, including a shift away from the stock market as a barometer for success. Plus, Tesla stock is experiencing its longest losing streak since going public. Eamon Javers - Kevin Hassett - 26:29 Erin and Abe Lichy - 41:17 In this episode: Erin Lichy, @Erindlichy Eamon Javers, @EamonJavers Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, March 07, 2025
In an extended interview, Treasury Secretary Scott Bessent discusses the Trump administration’s tariffs, including the timeline of his trip to Kiev and President Zelenskyy’s trip to Washington, DC. Secretary Bessent considers the strength of the U.S. dollar, President Trump’s executive order establishing a strategic bitcoin reserve , and what he calls the market’s “detox” from excessive government spending. Plus, CNBC’s MacKenzie Sigalos explains bitcoin’s reaction to the strategic reserve and the likelihood of foreign governments following suit. MacKenzie Sigalos - 08:33 Scott Bessent - 16:45 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, March 06, 2025
As the United States and Canada spar over tariffs, Karina Gould, a candidate for Canadian Prime Minister and former Canadian government House leader, explains Canada’s retaliation against the Trump administration’s tariffs and the Canadian frustration at the current relationship between neighbors. Then, pollster and political strategist Frank Luntz provides insights into swing voters 6 weeks into President Trump’s second term. Luntz discusses the public’s opinion on Elon Musk's influence in Washington and the economic messaging from the White House. Plus, some Senate Republicans push to codify DOGE cuts after meeting with Elon Musk, and automakers have one month’s reprieve from tariffs on autos coming into the U.S. from Mexico and Canada. Karina Gould - 14:02 Frank Luntz - 25:44 In this episode: Frank Luntz, @frankluntz Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, March 05, 2025
Wednesday marks day two of President Trump’s 25% levies on Mexico and Canada . In his joint address to Congress, the President warned about “a little disturbance” as American industries and neighbors digest his administration’s tariffs. CNBC’s Eamon Javers reports on the rest of the news out of Tuesday’s address, and Phil LeBeau reports that the administration may consider a delay on tariffs for autos. Former US Ambassador to Canada Bruce Heyman explains the toll tariffs may take on the longstanding relationship between neighbors, including social and economic ties. The friction between the U.S. and Canada extends to the ice; National Hockey League Commissioner Gary Bettman discusses the cross border relationships in sport and in finance. Eamon Javers - 9:48 Bruce Heyman - 19:32 Gary Bettman - 29:12 Phil LeBeau - 37:12 In this episode: Phil LeBeau, @Lebeaucarnews Eamon Javers, @EamonJavers Robert Frank, @robtfrank Michael Santoli, @michaelsantoli Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Tue, March 04, 2025
President Trump’s tariffs on Mexico and Canada take effect today. Target CEO Brian Cornell sits down with Becky Quick to discuss the impact they’ll have on his business and on price tags for consumers; Cornell warns, costs at checkout will likely go up, and soon. While U.S. stocks and investors waver on the new trade rules , U.S. Commerce Secretary Howard Lutnick explains the long term vision for “fair” trade, as well as the price the Trump administration is willing to pay to curb fentanyl’s flow into the country and bring more manufacturing stateside. Plus, President Trump has paused all U.S. military aid to Ukraine . Brian Cornell - 14:50 Howard Lutnick - 31:48 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Mon, March 03, 2025
The markets ended February on a low note as investors digest global and domestic uncertainty and prepare for tariffs set to take effect on Tuesday. Cryptocurrency, however, has rallied on President Trump’s announcement of a strategic crypto reserve . In the aftermath of the heated discussion between President Trump and Ukrainian President Zelenskyy, author, editor, and international affairs professor Nina Khrushcheva examines the U.S. agenda and next steps for Russian President Putin. Hayman Capital Management founder Kyle Bass considers Ukraine’s geopolitical position and the shift in war sentiment among conservatives in the United States. Plus, Anora took home 5 awards from Sunday’s Oscars . Puck founding partner Matt Belloni discusses the other winners, the surprises, and the streaming factor in this year’s Academy Awards. Megan Cassella - 07:23 Nina Khrushcheva - 12:57 Kyle Bass - 21:11 Matt Belloni - 31:45 In this episode: Matt Belloni, @MattBelloni Kyle Bass, @Jkylebass Megan Cassella, @mmcassella Melissa Lee, @MelissaLeeCNBC Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Fri, February 28, 2025
Uncertainty from U.S. tariffs and the DOGE agenda has prompted a volatile week in the financial markets . UK Prime Minister Keir Starmer visited President Trump days ahead of Ukrainian President Volodymyr Zelenskyy’s Washington visit; both leaders have tariffs and war top of mind. In Texas, a child has become America’s first measles-related death in almost a decade . Former FDA Commissioner Dr. Scott Gottlieb discusses the measles outbreak risks of declining vaccination rates in certain communities, bringing down the average vaccination rates in some states. Plus, Meta plans to release its own AI app , and it’s awards season! Variety’s Cynthia Littleton discusses the expected Oscar wins at the 97th Academy Awards this Sunday. Dr. Scott Gottlieb - 16:36 Cynthia Littleton - 27:06 In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, February 28, 2025
In a rare interview, Stripe CEO John Collison sits down with Andrew Ross Sorkin. At 15 years old, the payments company is worth $91.5 billion, but it’s still private. In part, Stripe has avoided going public thanks to tender offers it periodically offers employees and shareholders. In its most recent tender offer, Stripe revealed $1.4 trillion in total payment volume in 2024, and Collison explains that AI, including OpenAI, Perplexity, and over 700 AI agents using Stripe have helped grow the company. In a special, extended conversation, Stripe CEO discusses the company’s future, the utility of stablecoins, and the next era of AI innovation. John Collision - 06:32 In this episode: Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, February 27, 2025
President Trump has said tariffs on Mexico and Canada will begin next week . Eamon Javers reports from Washington on the tariff messaging from The White House. Once COO and President of Blackstone and now Chairman of Costco Tony James shares his perspective on the US economy, business strength, and consumer confidence . James considers American business to be slowing down, thanks to uncertainty from the administration. In the face of DEI rollbacks across corporate America, Costco remains consistent in their commitment to equity. Plus, Nvidia topped analyst estimates , for the first time in a decade, a child in the US has died from the measles , and Elon Musk’s efforts in the US government could affect his businesses. Eamon Javers - 16:39 Tony James - 27:10 In this episode: Eamon Javers, @EamonJavers Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, February 26, 2025
The Republican-controlled U.S. House of Representatives narrowly passed a multi-trillion-dollar budget plan late Tuesday, advancing President Donald Trump’s tax-cut and border security agenda. CNBC’s Emily Wilkins joins to outline the details of the bill. Then Rep. Ro Khanna discusses the budget’s passage, its impact on Democrats, who benefits from the Trump tax cuts, and his thoughts on proposed spending cuts. And Cava co-founder and CEO Brett Schulman weighs in on the company’s quarterly earnings, 2025 outlook, and the potential impact of tariffs. Plus, Trump floats a $5 million “gold card” visa as a new path to citizenship, the U.S. and Ukraine outline a deal to fund Ukraine’s future security and reconstruction through an investment fund backed by the country’s rare earth minerals, and McDonald’s pushes back against a proposed surcharge on egg-based meals. Emily Wilkins - 20:52 Rep. Ro Khanna - 24:11 Brett Schulman - 35:51 Emily Wilkins, @emrwilkins Rep. Ro Khanna, @rokhanna Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, February 25, 2025
“Zero Day” writers and producers Eric Newman, Noah Oppenheim, and Michael Schmidt discuss their limited series political thriller on Netflix. The team discusses Robert De Niro’s performance on the show, as well as the well-timed plotline in today’s political climate. Florida Governor Ron DeSantis weighs in on his DOGE efforts in his own state, Elon Musk’s agenda in Washington, and the evolving relationship between Russia, Ukraine, and the United States. Plus, Home Depot reported its latest earnings , and President Trump said tariffs on Mexico and Canada will move forward . Gov. Ron DeSantis - 16:48 Eric Newman, Noah Oppenheim, and Michael Schmidt - 30:18 In this episode: Ron DeSantis, @RonDeSantis Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, February 24, 2025
The Department of Justice’s investigation into United Healthcare’s billing practices has highlighted problematic practices across the American health care system, including upcoding. Former CEO of the Cleveland Clinic Dr. Toby Cosgrove explains common abuses in the system, their legacy, and potential solutions. New York Democratic Congressman Ritchie Torres stops by the set to discuss how city residents consider Mayor Eric Adams’ unusual relationship with President Trump. He explains why he wants the resigned NY Governor Andrew Cuomo to take over as Mayor this election cycle. Plus, DOGE is still making cuts to the federal workforce , the markets suffered their worst day of the year so far, and Omaha Oracle Warren Buffett is amassing more cash –and selling more stock. Ritchie Torres - 17:32 Dr. Toby Cosgrove - 27:39 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, February 21, 2025
UnitedHealth stock fell on a Wall Street Journal report that the DOJ is investigating the insurer’s Medicare billing protocol. Former FDA Commissioner Dr. Scott Gottlieb explains the nuances of the health insurance system, and he considers how the Trump administration will handle rising cases of bird flu. And big news from Coinbase: CEO Brian Armstrong says the SEC will drop its case against the company. Armstrong explains his approach to regulation in a new administration, the future of memecoins, and the merit in prediction markets. CNBC’s Robert Frank discusses the IRS plan to cut 6% of its workforce . Plus, Meta has approved a plan for bigger bonuses for some executives. Robert Frank - 10:23 Dr. Scott Gottlieb - 18:40 Brian Armstrong - 32:57 In this episode: Robert Frank, @robtfrank Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, February 20, 2025
President Trump has declared New York City “saved” from congestion pricing in a recent Truth Social post. President and CEO of the Partnership for New York Kathryn Wylde weighs in whether the state is his to save, and shares the pros and cons for the city’s plan. Palantir is plunging after the CEO Alex Karp unveiled his share sale plan, and President Trump is weighing a plan to offer DOGE dividends . Plus, Andrew Ross Sorkin has written a new book! “1929: The Inside Story of the Greatest Crash in Wall Street History” is out in October. Kathryn Wylde - 21:28 In this episode: Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, February 19, 2025
New York Governor Kathy Hochul has met with NYC officials amid resignations and corruption and quid pro quo allegations in Mayor Eric Adams’s office . NYC Comptroller Brad Lander, who attended Gov. Hochul’s meeting and is currently running against Mayor Adams in the 2025 mayoral race, explains his concerns about a “leadership vacuum” in New York . Lander weighs in on immigration policy and the city’s future. President Trump has moved to expand the White House’s authority in his second term; UC Berkeley law professor and former official in President George W. Bush’s Department of Justice John Yoo explains the tension between the branches of government, as well as the constitutional implications of President Trump’s executive orders. Plus, DOGE’s power and 25% tariffs are brewing –and concerning–for pharma companies and autos. Happy Birthday, Andrew! Brad Lander - 15:01 John Yoo - 32:58 In this episode: Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, February 18, 2025
Palantir CEO and co-founder Alex Karp has written a new book: “The Technological Republic: Hard Power, Soft Belief, and the Future of the West.” Karp explains his call to arms for Silicon Valley, underscoring the geopolitics ingrained in Western tech innovation. In Riyadh, the Saudis hosted the U.S. and Russia for discussions to end the Ukraine-Russia War– without the Ukrainians or any other Europeans . Former Deputy National Security Advisor to President Trump Victoria Coates explains the significance of the meetings and what it might portend for geopolitics, including global energy markets, and access to rare earth minerals in Ukraine. Plus, four officials have resigned from the NYC Mayor’s office amid calls for Mayor Adams’ own resignation , and a Delta plane crash in Toronto resulted in zero fatalities. Phil LeBeau - 10:08 Victoria Coates - 18:09 Alex Karp - 27:48 In this episode: Phil LeBeau, @Lebeaucarnews Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, February 14, 2025
Maryland's proposed tax overhaul aims to address a $3 billion budget deficit by increasing taxes on the wealthiest residents. Governor Wes Moore discusses the details of the state’s new budget proposal, weighing spending cuts versus raising taxes and strategies to spur growth in the state. Then, "Saturday Night Live" celebrates its 50th anniversary with a special three-hour live broadcast . Former and current cast members including Alex Moffat, Garrett Morris, Taran Killam, Jay Pharoah, and Chloe Fineman crash the Squawk set to discuss the show's 50-year legacy. Plus, CNBC's Eamon Javers analyzes President Donald Trump's flurry of executive orders , and GameStop explores potential investments in bitcoin and other cryptocurrencies. Eamon Javers - 02:16 Gov. Wes Moore - 18:09 SNL Cast - 29:25 Eamon Javers, @EamonJavers Saturday Night Live Cast, @nbcsnl Wes Moore, @GovWesMoore Joe Kernen, @JoeSquawk Kelly Evans, @KellyCNBC Zach Vallese, @zachvallese
Thu, February 13, 2025
Elon Musk will withdraw his $97.4 billion bid for OpenAI’s nonprofit arm if the ChatGPT maker stops its conversion into a for-profit entity, according to a court filing. Geoff Lewis, Bedrock founder and an investor in OpenAI, discusses AI competition, Elon Musk, and more. President Trump announced new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties, in another major escalation of his trade policy overhaul. Jeff Currie, Carlyle chief strategy officer of energy pathways, discusses the impact of President Trump’s tariffs on commodities, producer inflation, and the state of U.S. oil production. Plus, Alibaba says it will be Apple’s AI partner in China, and President Trump announced his call with Russian leader Vladimir Putin, during which they discussed negotiating to end the war in Ukraine. Geoff Lewis - 8:46 Jeff Currie - 17:20 In this episode: Geoff Lewis, @GeoffLewisOrg Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, February 12, 2025
President Trump and Elon Musk defended DOGE’s sweeping government reforms during a joint Oval Office appearance , highlighting their effort to curb what they call excessive federal spending. Trump signed an executive order providing new guidelines for agencies to implement DOGE, reinforcing Musk’s vision of a leaner bureaucracy. Joe Lonsdale, 8VC founding partner, Palantir co-founder, and friend of Elon Musk, shares his thoughts on Musk’s growing role in DC, his $97B+ bid for OpenAI, and the debate over carried interest. CNBC’s Phil LeBeau reports on whether the U.S. has hit peak truck and SUV demand, Disney, Goldman Sachs, and PBS are rolling back aspects of their DEI programs , and JPMorgan Chase workers are pushing back on the five-day office mandate. Joe Lonsdale 17:10 Phil LeBeau 37:34 Joe Lonsdale, @JTLonsdale5 Phil Lebeau, @Lebeaucarnews Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Tue, February 11, 2025
Hamas has postponed its next hostage release , alleging Israel of breaching their ceasefire agreement. Amos Hochstein, former Biden senior advisor and lead broker of the Israel-Lebanon deal, maps out the next incremental steps toward a stable Middle East. In the U.S., a judge has blocked the Trump administration’s proposed cuts to the National Institutes of Health's research funding. Dr. Scott Gottlieb addresses the potential impacts of these funding reductions on clinical studies, and he considers potential cuts to the FDA, as well. Elon Musk is leading an investor group’s $97.4B offer to take over OpenAI ; CEO Sam Altman confirmed to CNBC , he is not taking it seriously. Plus, President Trump has paused enforcement of a law banning US companies from bribing foreign officials , claiming it puts American firms at a disadvantage. Amos Hochstein - 15:49 Dr. Scott Gottlieb - 28:34 In this episode: Amos Hochstein, @amoshochstein Dr. Scott Gottlieb, @ScottGottliebMD Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Mon, February 10, 2025
Yesterday, the Philadelphia Eagles defeated the Kansas City Chiefs 40-22 to win their second Lombardi Trophy at Super Bowl 59. In interviews before and after the game, President Trump announced he would ask Elon Musk to review the Education Department’s spending and suggested “irregularities” at the Treasury. CNBC’s Eamon Javers wraps up the latest Trump administration headlines, and NEC Director Kevin Hassett addresses President Trump's comments on the Treasury and his newly announced tariffs on foreign steel and aluminum . Plus, EDO CEO Kevin Krim discusses the Super Bowl’s winners and losers–in commercials , that is. Kevin Hassett 17:30 Kevin Krim 33:26 In this episode: Eamon Javers, @EamonJavers Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, February 07, 2025
Reps. Josh Gottheimer (D-NJ) and Darin LaHood (R-IL) are pushing bipartisan legislation to ban Chinese AI app DeepSeek on government devices. The two lawmakers discuss their concerns about CCP espionage on American data. Also in Washington, the Trump administration offered buyouts to millions to federal workers as part of a “deferred resignation” program, but a federal judge paused the offer just 11 hours before the deadline to accept. President of the American Federation of Government Employees Everett Kelley discusses Elon Musk’s effort to trim the budget fat, arguing that there’s a better way to go about doing it. Plus, the US economy added 143,000 jobs in January , and new Treasury Secretary Scott Bessent assures the American people that DOGE’s access to the Treasury is an “operational review, not an ideological review.” Reps. Josh Gottheimer & Darin LaHood - 14:38 Everett Kelley - 24:56 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, February 06, 2025
DOGE’s cuts in Washington have begun; former Office of Management and Budget Director Mick Mulvaney explains the costs of running the government, the friction between Congress and the White House, and Elon Musk’s grand plan for efficiency. As we close in on the Super Bowl , CNBC’s Contessa Brewer reports on the game day bets, and sports entrepreneur Rich Kleiman discusses the networking opportunities for NFL players on and off the field in New Orleans. Kleiman, Kevin Durant’s longtime NBA agent, also weighs in on NBA trades. Plus, U.S. lawmakers are pushing to ban DeepSeek on government devices. Mick Mulvaney - 18:24 Rich Kleiman - 34:19 In this episode: Rich Kleiman, @richkleiman Contessa Brewer, @contessabrewer Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, February 04, 2025
China has retaliated against President Trump’s tariffs with trade restrictions on American imports. CNBC’s Eunice Yoon is on the ground in Beijing, reporting on the CCP’s strategy. In DC, CNBC’s Megan Cassella explains the status of tariff negotiations between the U.S. and both Canada and Mexico . Amazon Prime Vice President Jamil Ghani weighs in on the tariffs’ impact on his own business. Amazon’s competitors Temu and Shein may feel the squeeze from President Trump’s executive order eliminating a de minimis provision. Amazon’s Chinese sellers may also get hit by these changes. Plus, tech investor and Tesla bull Cathie Wood shares her big ideas for 2025. The Ark Invest CIO and CEO explains why she’s long bitcoin, humanoid robots, and robotaxis. Cathie Wood - 17:30 Jamil Ghani - 34:23 In this episode: Cathie Wood, @CathieDWood Eunice Yoon, @onlyyoontv Megan Cassella, @mmcassella Steve Liesman, @steveliesman Michael Santoli, @michaelsantoli Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Mon, February 03, 2025
President Trump’s plans for tariffs on Canada and Mexico have prompted promises of retaliation from Canada, as well as concerns of a brewing trade war among America’s neighbors. In a newsmaking interview, the Trump administration’s National Economic Council Director Kevin Hassett underscores a “misinterpretation” of President Trump’s executive order on tariffs. He says, it’s a drug war, not a trade war. CNBC’s Megan Cassella reports on the details of tariffs and their looming deadline, Phil LeBeau discusses their impact on the auto industry, and Steve Liesman explains the economic calculus of trade, the potential of recession for Canada, and the trajectory of the American economy. Plus, Elon Musk hosted a Spaces discussion on X late Sunday evening. CNBC’s Steve Kovach reports on the big takeaways, including Musk’s comment that President Trump gave him permission to end USAID . Megan Cassella - 03:56 Phil Lebeau - 08:29 Steve Kovach - 13:25 Kevin Hassett - 25:06 Steve Liesman - 42:23 In this episode: Phil LeBeau, @Lebeaucarnews Steve Liesman, @steveliesman Megan Cassella, @mmcassella Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, January 31, 2025
Jason Wright has ended his tenure leading the NFL Washington Commanders and has joined Ariel Investments co-CEO Mellody Hobson in a women’s sports investing venture. The venture, Project Level, is a part owner in the newest National Women’s Soccer League franchise in Denver. The two leaders discuss investing in women’s sports and betting on diversity in boardrooms to boost corporate bottom lines. Plus, President Trump’s pick to lead the Department of Health and Human Services appeared on Capitol Hill for two intense days of confirmation hearings. Robert F. Kennedy Jr. answered Senator questions about Medicare, Medicaid, and vaccinations, but former FDA Commissioner and Pfizer board member Dr. Scott Gottlieb said RFK’s responses showed a failure to fully grasp the fundamentals of the current healthcare system. Plus, the clock is ticking on President Trump’s tariffs on Canada and Mexico . CNBC’s Steve Liesman breaks down the economics of the plans. Steve Liesman - 06:25 Dr. Scott Gottlieb - 15:46 Mellody Hobson & Jason Wright - 26:55
Thu, January 30, 2025
In the wake of the deadly aircraft crash over the Potomac River outside of the Ronald Reagan Washington National Airport, CNBC’s Phil LeBeau and Eamon Javers report the details of the fallout. American Airlines pilot and spokesman for the Allied Pilots Association Dennis Tajer explains how planes typically navigate the heavy flow of air traffic around this airport. Separately, Blackstone’s President and COO Jon Gray explains his firm’s multibillion dollar bets on AI infrastructure on the heels of impressive quarterly financial results. Jon Gray - 17:05 In this episode: Phil LeBeau, @Lebeaucarnews Eamon Javers, @EamonJavers Andrew Ross Sorkin, @andrewrsorkin Leslie Picker, @LesliePicker Katie Kramer, @Kramer_Katie
Wed, January 29, 2025
With DeepSeek continuing to dominate the tech headlines , LinkedIn Co-Founder Reid Hoffman weighs in on the state of the AI race and the level of competition as the U.S. and China gear up for an innovation stand-off. Also, the market tries to keep up with the tech world’s reaction to DeepSeek. Plus, billionaire Elon Musk is working with Boeing to find ways to deliver delayed Air Force One replacements faster. And, the Trump administration has unfrozen a freeze on federal grants and loans, while Starbucks reported earnings that beat estimates. Reid Hoffman - 15:40 In this episode: Andrew Ross Sorkin, @andrewrsorkin Michael Santoli, @michaelsantoli Leslie Picker, @LesliePicker Katie Kramer, @Kramer_Katie Reid Hoffman, @reidhoffman
Tue, January 28, 2025
The fate of the Panama Canal hangs in balance as lawmakers spar over whether the U.S. will try to take control of it. Texas Senator Ted Cruz, chairman of the Committee on Commerce, Science and Transportation, offers his thoughts on the geopolitical battle ahead of the committee’s hearing. Plus, MSNBC’s Chris Hayes gives a preview of his new book, “The Sirens' Call: How Attention Became the World's Most Endangered Resource,” discussing how tech companies have monetized attention. Also, President Donald Trump says China's DeepSeek AI “should be a wake-up call” for American tech companies, Google says it will change Gulf of Mexico to ‘Gulf of America’ in the Maps app , and short seller Andrew Left is looking to dismiss his fraud case with the Justice Department. Ted Cruz - 17:59 Chris Hayes - 30:21 In this episode: Sen. Ted Cruz, @tedcruz Chris Hayes, @chrislhayes Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, January 27, 2025
A massive market sell-off prompts discussion – and fear – around Chinese AI startup DeepSeek ; the company’s latest large language model innovation has displaced OpenAI’s ChatGPT in popularity and, possibly, effectiveness. AT&T CEO John Stankey weighs in on the rate of innovation and evolving business models, as well as the state of the wireless market. Plus, Former U.S. Congressman Patrick McHenry (R-North Carolina) discusses international technology and the future of TikTok . Relations between China and the U.S. have reached a possible inflection point. John Stankey - 19:12 Patrick McHenry - 31:00 In this episode: Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, January 24, 2025
In an extended interview at the World Economic Forum in Switzerland, Salesforce CEO Marc Benioff tells Andrew Ross Sorkin about the future of technology innovation. Benioff discusses AI, Microsoft, working with the Trump administration, and the White House’s joint venture Stargate, in partnership with SoftBank, OpenAI, and Oracle. Marc Benioff - 3:37 In this episode: Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, January 24, 2025
At the 55th annual World Economic Forum in Davos, Switzerland, Andrew Ross Sorkin sits down with Anthropic CEO Dario Amodei. They discuss Anthropic’s large language model Claude, the future of artificial intelligence, and the AI arms race underway globally. Dario Amodei - 4:50 In this episode: Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, January 23, 2025
BlackRock CEO Larry Fink sits down with Andrew Ross Sorkin and Becky Quick at the World Economic Forum in Davos, Switzerland. Fink discusses the $500 billion Stargate AI project, its potential impact on the economy, and the Fed's fight against inflation . Plus, Fink shares his vision for the future of finance, advocating for the tokenization of equities. He believes this technology could revolutionize how we own and trade stocks and bonds, making investing more accessible and efficient. Larry Fink - 04:43 In this episode: Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick
Thu, January 23, 2025
Thu, January 23, 2025
Uber CEO Dara Khosrowshahi sits down with Andrew Ross Sorkin at the World Economic Forum in Davos, Switzerland. After President Trump’s executive order to end government EV subsidies, Self-driving cars are just two years away, he says. And, according to Khosrowshahi, Uber doesn’t depend on government subsidies for success in the electric vehicle market. Fresh off his own inauguration party in Washington, Uber’s CEO weighs in on congestion pricing, labor costs, and Donald Trump’s second term while on the ground in Davos. Dara Khosrowshahi - 4:28 In this episode: Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, January 22, 2025
At the World Economic Forum in Davos, Switzerland, Andrew Ross Sorkin sits down for an extended interview with JPMorgan Chase CEO Jamie Dimon. He weighs in on President Trump’s second term and his plan for tariffs, American political sentiment, the impact of geopolitics on finance. Jamie Dimon - 04:25 In this episode: Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, January 22, 2025
Andrew Ross Sorkin sits down with Microsoft CEO Satya Nadella at the World Economic Forum in Davos the morning after President Trump announced Stargate , a joint venture between OpenAI, SoftBank, and Oracle aimed to raise at least $100B for AI infrastructure. Nadella discusses AI’s impact on the labor force and Microsoft’s relationship with OpenAI , despite Salesforce CEO Marc Benioff suggesting a fissure in the relationship. Satya Nadella - 04:41 In this episode: Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, January 21, 2025
It’s the 55th annual World Economic Forum in Davos, Switzerland. While Becky Quick is in Washington covering President Trump’s first week of his second term, Andrew Ross Sorkin is in the Alps with business leaders like Ray Dalio, Bridgewater Founder. The famed hedge funder who authored “Principles” is out with new reading material: “How Countries Go Broke: Principles for Navigating the Big Debt Cycle, Where We Are Headed, and What We Should Do.” In a sit-down interview with Andrew, Ray Dalio explains America’s deficit, ways to navigate a debt crisis, and investing amid a global transition to a new world order. Ray Dalio - 6:56 In this episode: Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Mon, January 20, 2025
In this special extended episode, Becky Quick speaks to insiders from Wall Street, Washington, and C-suites ahead of President Donald Trump’s inauguration as the 47th President of the United States. Tune in for over 2 hours of conversations with investors like Stanley Druckenmiller and David Rubenstein, Pfizer CEO Albert Bourla, and DC insiders including Senator Markwayne Mullin (R-Oklahoma), Senator Bill Hagerty (R-Tennessee), and Senator Chris Coons (D-Delaware). In this episode: Eamon Javers, @EamonJavers Steve Liesman, @steveliesman Robert Frank, @robtfrank Emily Wilkins, @emrwilkins Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Fri, January 17, 2025
The Supreme Court ruled to uphold the TikTok ban in the U.S. in a unanimous decision. LightShed Ventures’ Rich Greenfield discusses President-elect Trump’s affinity for the app, and whether, despite the SCOTUS ruling, TikTok will remain functional. The ceasefire deal between Israel and Hamas could be approved this weekend; Amos Hochstein, the White House official who brokered the Israel-Hezbollah deal explains current negotiations in the Middle East, including the imminent exchange of prisoners. Plus, on Capitol Hill, cabinet confirmation hearings continue in the lead up to President-elect Donald Trump’s inauguration. Amos Hochstein - 14:09 Rich Greenfield - 28:28 In this episode: Rich Greenfield, @RichLightShed Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, January 16, 2025
Israel and Hamas have reached a ceasefire deal , but last minute disputes have held up its approval. Former foreign policy advisor in the Bush Administration Dan Senor explains the nuances of the deal and argues, while it isn’t a good deal for Israel, he still supports it. Plus, President Biden delivers a warning in his farewell address, short seller Hindenburg Research is shutting down, and a number of tech CEOs are headed to Washington , for President-elect Trump’s inauguration. Dan Senor - 10:04 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, January 15, 2025
The SEC has filed a lawsuit against Elon Musk , alleging the billionaire underpaid for his shares of Twitter by at least $150 million. In big tech, Microsoft is cutting back on spending, and Meta will lay off 5% of its workforce. Ahead of the inauguration next week, former Speaker Paul Ryan discusses the GOP’s road forward and the unity required for a successful reconciliation bill. As LA plans its future beyond the fires, crisis management expert Eric Dezenhall highlights the political and economic fallout. Plus, Dezenhall’s new book, “Wiseguys and the White House," explores the relationships between U.S. Presidents and gangsters throughout U.S. history. Paul Ryan - 11:21 Eric Dezenhall - 26:52 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, January 14, 2025
Four business days before he resigns on Inauguration Day, SEC Chair Gary Gensler reflects on his tenure at the agency, his relationship with the crypto community, and his legacy for investors across asset classes. In his exit interview before the SEC transitions to new leadership in a new administration, Gensler discusses legitimacy for various tokens on the blockchain, as well as the future of financial regulation. Plus, China is reportedly considering selling US TikTok to Elon Musk , and European regulators are eyeing big tech (again), and Starbucks is closing an open-door policy. Gary Gensler - 16:35 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Mon, January 13, 2025
As Los Angeles fires continue , LA sports teams have partnered with Fanatics to contribute to the LA Fire Department Foundation and the American Red Cross. 100% of the proceeds from the “LA Strong” team-branded t-shirts will be donated; it’s part of Fanatics CEO Michael Rubin’s plan to support those affected by the devastation. CNBC’s Contessa Brewer offers insight on the efforts to rebuild from her location on the ground in LA. Billionaire investor Marc Lasry is doubling down on his sports investing strategy . He says, while he’s seeing debt financing opportunities in Northern Europe, he’s excited about the returns on sports leagues, especially women’s teams . After buying and selling the Milwaukee Bucks and investing in pickleball, Lasry says he has the cheat code for a successful sports investment. Plus, Meta’s Mark Zuckerberg criticized Apple in a recent interview with Joe Rogan. Marc Lasry - 14:26 Contessa Brewer - 32:40 Michael Rubin - 38:55 In this episode: Contessa Brewer, @contessabrewer Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, January 10, 2025
The Department of Justice and the SEC have filed civil and criminal charges against short seller Andrew Left. In a rare pre-trial interview, Left sits down with Andrew Ross Sorkin to discuss the case, the trades in Nvidia, Tesla, and others that are under scrutiny, and what the litigation means for other activist short sellers, including their posts on social media. Plus, the latest jobs report blew past expectations , CEOs and companies are donating to President-elect Trump’s inauguration , and Rep. Dusty Johnson (R-SD) has introduced a bill that could pave the way for the U.S. to purchase the Panama Canal, while the public considers the implications and debates the necessity of buying Greenland. Andrew Left - 18:30 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese
Thu, January 09, 2025
Today the nation remembers President Jimmy Carter, whose state funeral is taking place in Washington. Stuart Eizenstat, who served as White House Domestic Policy Advisor under President Carter, delivers one of the eulogies during the funeral; in an interview beforehand, he reflects on his time working with the late President, as well as Carter’s economic legacy. Private equity firms aren’t like they were in the 80s! Steve Klinsky co-founded Goldman Sachs’s Leveraged Buyout Group in 1981, and he’s led his own firm New Mountain Capital since 1999. He reflects on the way the business started, and the type and scale of work he does now. He and his colleagues expect more dealmaking in 2025. Plus, Meta will allow some eBay listings on Facebook Marketplace , and in southern California, fires persist uncontained. Emily Wilkins - 11:45 Stuart Eizenstat - 14:55 Steve Klinsky - 24:53 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin
Wed, January 08, 2025
In a news conference lasting over an hour at Mar-a-Lago, President-elect Trump discussed the addition of Greenland, the Panama Canal, and Canada to the United States . Axios senior political reporter Marc Caputo explains that after over a decade of Donald Trump in American headlines, the public should take him seriously–at least some of the time. Trump also weighed in on the changes underway at Meta, including the shift from third party fact checking to a community notes mode l. Facebook’s first general counsel and former chief privacy officer Chris Kelly discusses what Mark Zuckerberg’s original intentions were, with his platform, and whether social media platforms should be “arbiters of truth.” Plus, fires continue to spread near Los Angeles, and Nvidia CEO Jensen Huang has projected a timeline for useful quantum computing. Chris Kelly - 18:06 Marc Caputo - 28:34 In this episode: Marc Caputo, @MarcACaputo Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, January 07, 2025
With just over a week left in her role as Chair of the Federal Trade Commission, Lina Khan reflects on her four years regulating corporate mergers and acquisitions. In an extended sit down interview, she discusses her hopes for her successor and weighs in on big tech’s goals to stay big in the coming years. Meta is making big changes; the UFC’s Dana White will join the company’s board , and Meta is rolling out “community notes,” ending its third party fact-checking program in favor of a model similar to what’s used on X. Plus, Canadian Prime Minister Justin Trudeau is stepping down . Jon Fortt - 13:26 Lina Khan - 23:02 In this episode: Jon Fortt, @jonfortt Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, January 06, 2025
After House Speaker Mike Johnson’s dramatic reelection , the lawmaker and President-elect Trump are reportedly planning a sweeping, multi-trillion dollar piece of legislation. Former Speaker Kevin McCarthy discusses the GOP’s position heading into the inauguration, as well as the future of DOGE, potential tariffs , and Elon Musk’s role in the incoming administration. During his last weeks in office, President Biden is pushing through executive orders ahead of Trump 2.0. The fitness industry has weathered the pandemic and the rise of GLP-1 weight loss drugs in the past 5 years. Joey Gonzalez, Co-CEO and fitness bootcamp instructor at Barry’s, discusses the GLP-1 impact on his industry and his clientele. Plus, tech CEOs including Apple’s Tim Cook are donating to Donald Trump’s inauguration, and NYC congestion pricing has begun. Kevin McCarthy - 14:54 Joey Gonzalez - 30:00 In this episode: Kevin McCarthy, @SpeakerMcCarthy Joey Gonzalez, @BootcampJoey Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, January 03, 2025
Bourbon Street in New Orleans has reopened with a heavy police presence after the New Year’s Day attack that killed 14 people. Walter Isaacson, a Tulane University professor and New Orleans resident, weighs in on the city’s resilience. Next, college football’s inaugural 12 team playoff brought a revenue surge to college sports. Sports Business Journal editor Abe Madkour discusses the blowouts and the tweaks that may come next season. Plus, President Biden has officially blocked Nippon Steel’s $14.9 billion effort to buy U.S. Steel, a U.S. appeals court struck down the FCC’s landmark net neutrality rules, and the U.S. surgeon general issued a warning officially linking alcohol to cancer . Walter Isaacson - 10:02 Abraham Madkour - 24:18 In this episode: Walter Isaacson, @WalterIsaacson Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Thu, January 02, 2025
Happy New Year! 2025 brings executive turnover to multiple corporate teams, including Apple, which is replacing its CFO , and Disney, where Morgan Stanley’s James Gorman is helping find a successor to Bob Iger . Dartmouth Tuck School of Business professor Paul Argenti weighs the succession plans at both companies. And this January, we’re in the thick of cold, flu, RSV, and norovirus ; former FDA Commissioner Dr. Scott Gottlieb discusses the uptick in illness this winter, as well as potential changes to the U.S. healthcare system. Plus, New York’s congestion pricing looms, and deadly incidents in New Orleans and Las Vegas prompted security concerns on New Year's Day. Scott Gottlieb - 13:26 Paul Argenti - 25:32 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Tue, December 31, 2024
In what U.S. Treasury officials described as a “major incident,” a state-sponsored Chinese hacking operation was able to access third-party software to tap into Treasury employees’ desktop computers. Theresa Payton, CEO of cybersecurity company Fortalice Solutions and former White House Chief Information Officer, discusses the implications of the hack. Next, CNBC’s Emily Wilkins breaks down why the last session of Congress is the least productive in the past several decades, enacting 427 pieces of legislation compared to numbers over 1,000 during other recent sessions. Plus, New York City congestion pricing is set to start as planned after a final ruling , and Elon Musk changed his name on X to “Kekius Maximus” and profile picture to Pepe the Frog. Happy New Year! Steve Kovach - 09:35 Theresa Payton - 19:45 Emily Wilkins - 31:18 In this episode: Theresa Payton, @TrackerPayton Emily Wikins, @emrwilkins Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Mon, December 30, 2024
Former U.S. President Jimmy Carter died on Sunday at age 100 . Roger Altman served as assistant secretary of the U.S. Treasury under President Carter, and he reflects on former President Carter’s legacy in and after the White House. Next, The Wall Street Journal’s Tim Higgins discusses the rift between members of President-elect Trump’s inner circle and Elon Musk over immigration and H-1B visas. He explains about where Trump stands in the Musk-MAGA divide and examines Musk’s influence in political debates. Plus, Trump asked the Supreme Court to pause a law that could ban TikTok , and Treasury Secretary Janet Yellen said the Treasury will need to take “extraordinary measures” to avoid the debt ceiling. While the world mourns Jimmy Carter, the business community also mourns HBO and Cablevision founder Charles Dolan. Roger Altman - 14:08 Tim Higgins - 27:52 In this episode: Tim Higgins, @timkhiggins Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Fri, December 27, 2024
Recent rifts in MAGA-world have taken place both online and in the House Chamber. On X, Elon Musk is sparring with far-right activist Laura Loomer over HB-1 visas, dividing Musk fans. During the government funding battle last week, President-elect Trump criticized Rep. Chip Roy (R-Texas), a vocal opponent of the Trump-backed spending bill. Rep. Roy explains his and the other 37 GOP votes against the bill, underscoring his commitment to smaller government and responsible spending. Next, Russia rejected a call for an immediate ceasefire with Ukraine but said it’s ready to hold negotiations. Richard Haass, Council on Foreign Relations president emeritus, breaks down the implications. Plus, Netflix set a streaming record with its Christmas NFL games and Richard Parsons, former Time Warner CEO, has died at age 76 . Chip Roy - 17:21 Richard Haass - 27:03 In this episode: Rep. Chip Roy, @chiproytx Richard Haass, @RichardHaass Andrew Ross Sorkin, @andrewrsorkin Melissa Lee, @MelissaLeeCNBC Katie Kramer, @Kramer_Katie
Thu, December 26, 2024
Disney has reclaimed the top box office market share this year with “Moana 2,” “Inside Out 2,” and “Deadpool and Wolverine.” CNBC’s Julia Boorstin reports on the booms and the bust of the Lion King prequel “Mufasa.” Next, Aman Advani, CEO of the workleisure company Ministry of Supply, discusses the challenge that President-elect Trump’s tariffs pose to retailers and the potential cost of reshoring. Plus, which tech companies won Christmas? CNBC’s Steve Kovach breaks down the top tech gifts under the tree. Julia Boorstin - 13:12 Aman Advani - 16:56 Steve Kovach - 25:30 In this episode: Julia Boorstin, @JBoorstin Andrew Ross Sorkin, @andrewrsorkin Melissa Lee, @MelissaLeeCNBC Katie Kramer, @Kramer_Katie
Tue, December 24, 2024
While Elon Musk’s close relationship with President-elect Trump may seem unprecedented, U.S. CEOs have been fostering relationships with the Oval Office for over a century, according to Tevi Troy of Ronald Reagan Institute. One example: Henry Ford and President Woodrow Wilson in 1915. Next, it’s Christmas Eve! The North American Aerospace Defense Command, or NORAD, is back with its Santa tracking operations for the 69th year. General Gregory Guillot discusses NORAD’s efforts to monitor the airspace and track Santa’s journey. Plus, Trump’s FCC pick sent a stern letter to Disney’s Bob Iger, big banks are suing the Fed over the annual bank stress tests , and Hyundai will give its customers free EV adapters. Happy Holidays! Tevi Troy - 14:11 General Gregory Guillot - 23:23 In this episode: Tevi Troy, @TeviTroy Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Mon, December 23, 2024
Private health insurance companies are in the spotlight, as public frustration with the American health system grows. Wendell Potter was once vice president of Cigna, until the work convinced him to quit the industry completely. In a recent op-ed, Potter highlights the pressure shareholders have placed on public health companies, and where the industry can go from here. Next, The Wall Street Journal’s Joanna Stern shares her top tech gift ideas for last-minute holiday shoppers. On her list are yearly digital subscriptions and paid password managers. Plus, lawmakers avoided a government shutdown , President-elect Trump has new picks for his administration , and the Lion King prequel fell flat during its box office opening weekend. Emily Wilkins - 02:28 Wendell Potter - 14:37 Joanna Stern - 23:45 In this episode: Wendell Potter, @wendellpotter Joanna Stern, @JoannaStern Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, December 20, 2024
A government shutdown looms this Friday, and Congress is scrambling to find a funding bill that both parties will approve. The rush comes after President-elect Trump (and Elon Musk) scrapped a bill, and then a short term bill backed by both Trump and Musk failed to pass on Thursday . Emily Wilkins reports from DC on plans for “plan C,” and Senator Markwayne Mullin (R-Oklahoma) discusses the likelihood of another funding fight after the holidays. Kentucky distiller Michter’s is bracing for the possibility of a 50% tariffs on exports to the EU. CEO Joe Magliocco explains the strain of tariffs on the whiskey business, as well as President-elect Trump’s overnight tariff threat to the European Union . Plus, there’s a new bipartisan push to extend the deadline to ban TikTok. Sen. Markwayne Mullin - 18:17 Emily Wilkins - 27:33 Joe Magliocco - 33:47 In this episode: Sen. Markwayne Mullin, @SenMullin Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, December 19, 2024
The Friday night deadline is looming for Congress to avoid a government shutdown after President-elect Trump, with the help of Elon Musk, sunk a compromise government funding bill . Representative Pete Sessions (R-Texas), DOGE Caucus Co-Chair, discusses where the negotiations stand and says he wants a “clean” continuing resolution without extraneous items. Next, Yale School of Management’s Jeffrey Sonnenfeld shares CEO sentiment on tariffs and RFK Jr., based on a Yale survey of 200 top executives. Sonnenfeld weighs in on leaders like Jeff Bezos visiting Mar-a-Lago ahead of the inauguration. Plus, markets sunk on the Fed’s 25 basis point rate cut and its signals for 2025. Rep. Pete Sessions - 16:42 Jeff Sonnenfeld - 26:53 In this episode: Rep. Pete Sessions, @PeteSessions Jeffrey Sonnenfeld, @JeffSonnenfeld Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, December 18, 2024
Congressional leaders have unveiled a 1,547-page stopgap spending bill that intends to avoid a government shutdown by the end of the week. The bill includes funding for disaster aid and farmers, reforms for pharmacy benefit managers, pay raises for lawmakers, and more. CNBC’s Emily Wilkins has the latest on the hurdles Congress faces to pass the legislation. Next, MSNBC Morning Joe co-host Joe Scarborough discusses the funding bill, as well as the influence of DOGE on Congress and whether there should be a congressional stock trading ban. Plus, Cris Krebs, SentinelOne chief intelligence officer and former CISA Director, gives his insights on cybersecurity threats under the incoming Trump administration. Joe Scarborough - 21:45 Chris Krebs - 32:30 In this episode: Emily Wilkins, @emrwilkins Joe Scarborough, @JoeNBC Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, December 17, 2024
Bank of America CEO Brian Moynihan sits down with Becky Quick on the Bank of America trading floor. He discusses his market outlook for 2025, the current state of the consumer, the Federal Reserve’s next move, and the incoming Trump administration, including M&A and tariffs. Next, Senator Amy Klobuchar (D-MN) and Senator Ted Cruz (R-TX) discuss their bipartisan bill: the “Take It Down” Act would force social media companies to remove graphic deep fakes. Plus, Friday is the deadline for funding the government, Trump vows to “knock out” drug industry middlemen, and former TV host Carlos Watson is sentenced to nearly 10 years in prison . Brian Moynihan - 15:03 Amy Klobuchar & Ted Cruz - 34:12 In this episode: Sen. Amy Klobuchar, @SenAmyKlobuchar Sen. Ted Cruz, @SenTedCruz Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese
Mon, December 16, 2024
Drones have been spotted flying above New Jersey over the past several days, sparking concern among residents and local lawmakers. New Jersey Representative Mikie Sherrill (D-NJ) serves on the House Armed Services Committee and is urging action and clear communication from the federal government to quell public concern. Elon Musk biographer Walter Isaacson discusses Musk’s DOGE leadership and his relationship with President-elect Trump. A former news editor, Isaacson weighs in on ABC’s $15M defamation settlement with Trump and the flow of CEOs visiting Mar-a-Lago. Plus, the President-elect is reportedly considering privatizing the U.S. Postal Service, and Apple plans to introduce a foldable iPhone. Mikie Sherrill - 14:49 Walter Isaacson - 23:51 In this episode: Rep. Mikie Sherrill, @RepSherrill Walter Isaacson, @WalterIsaacson Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, December 13, 2024
President-elect Trump has reportedly invited Chinese President Xi Jinping to Washington for his inauguration next month. CNBC Beijing Bureau chief Eunice Yoon says it’s unlikely that Xi will attend, but shares her insight on Trump’s China policy, including the threat of tariffs and his stance on Taiwan. Next, Spanx founder Sara Blakely has a new venture: a high-heeled sneaker called “Sneex.” The self-made billionaire discusses her entrepreneurship journey and inspiration, from shapewear to shoes. Plus, Amazon reportedly plans to donate $1M to Trump’s inauguration, higher egg prices are back, just in time for the holidays, and mysterious drone sightings continue over New Jersey. Eunice Yoon - 15:35 Sara Blakely - 23:38 In this episode: Eunice Yoon, @onlyyoontv Sara Blakely, @sarablakely Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, December 12, 2024
New bipartisan legislation in Washington aims to break up pharmacy benefit managers after years of scrutiny on PBMs from Congress and the FTC. Health care insurance executive Mark Bertolini is now CEO of Oscar Health, and he spent years leading Aetna and CVS Health. Today, he reflects on American health care, his vision for an improved system, and his own security detail in the wake of UnitedHealthcare CEO Brian Thompson’s murder. In a wide ranging and very personal conversation, Bertolini shares his experience with 18 years of chronic pain and the treatment that changed his life. Plus, Representative Josh Gottheimer (D-NJ) is explaining his edited Spotify wrapped, and Elon Musk is inching closer to trillionaire status, thanks to a new Tesla stock milestone . Mark Bertolini - 17:42 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie Preroll 00:00 ad 1 14:28 ad 2 36:18 TRT 36:44
Wed, December 11, 2024
Two major corporate deals withered on Tuesday. A judge blocked the pending $25 billion merger of grocery chains Kroger and Albertsons , and President Biden reportedly plans to block U.S. Steel’s $14.1 billion sale to Nippon Steel. Dealmaking on public markets will continue in 2025, according to Lead Edge Capital founding partner Mitchell Green. The Alibaba, Uber, and Spotify backer discusses the IPO window as we wind down 2024. His rationale for a slow year for market debuts: many of the best companies raised enough capital in 2021 and 2022 to hold off on an IPO. Plus, Port of Los Angeles executive director Gene Seroka discusses the potential impact of President-elect Trump’s tariff plans on the supply chain and consumer prices. Mitchell Green - 14:35 Gene Seroka - 23:31 In this episode: Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, December 10, 2024
New York prosecutors have charged Ivy League grad Luigi Mangione with the murder of UnitedHealthcare CEO Brian Thompson , court records show. Though a manhunt is over for now, the health care industry may be ready for change. Next, Carnegie Endowment senior fellow Karim Sadjapour examines the power vacuum in Syria and the new leadership’s agenda for the nation. Plus, Dunkin' Donuts is making waves, but not just in your cup—find out why they’re showing up in bathrooms. And as the holiday travel season ramps up, The Points Guy Brian Kelly shares his top tips on how to maximize travel rewards and save this season. Karim Sadjapour - 16:17 Brian Kelly - 26:43 In this episode: Karim Sadjadpour, @ksadjadpour Brian Kelly, @thepointsguy Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Mon, December 09, 2024
Rebel forces led by the Islamist militant group Hayat Tahrir al-Sham overtook Damascus, prompting Syrian President Bashar al-Assad to flee the country and seek refuge in Russia . NBC’s Raf Sanchez joins from the Golan Heights border with the latest developments in Syria. Council on Foreign Relations President Michael Froman explains what the Assad’s fall could mean for politics in the Middle East and beyond. Next, the killing of UnitedHealthcare CEO Brian Thompson has sparked security concerns for corporate leaders , as well as a surge of outrage online, as Americans seethe over denied insurance claims. Partnership for New York President Kathy Wylde says the reaction online is almost worse than the killing itself. Plus, TikTok is one step closer to being banned in the U.S., and Juan Soto signed an historic contract with the Mets. Eamon Javers - 02:46 Raf Sanchez - 12:17 Michael Froman - 17:36 Kathy Wylde - 25:47 In this episode: Kathy Wylde, @Partnership4NYC Eamon Javers, @EamonJavers Raf Sanchez, @rafsanchez Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, December 06, 2024
Two days after a man fatally shot UnitedHealthcare CEO Brian Thompson, NYPD’s manhunt is ongoing . Former Boeing Chief Security Officer Dave Komendat explains how executive security details assess threats to executive leaders, especially as negativity abounds on social media. New York City Mayor Eric Adams discusses safety in the city, as well as housing and immigration in his city. Next, Taylor Swift wraps up her record-breaking Eras Tour this weekend in Vancouver. Kara Reynolds, professor of “Swiftonomics” at American University, discusses the billions of dollars spent by fans across the world to see her perform. Plus, a cryptic post from Roaring Kitty sparked meme stock volatility and President-elect Trump has announced picks for ambassador to China and "AI and crypto czar." Dave Komendat - 16:53 Eric Adams - 21:25 Kara Reynolds - 37:05 In this episode: Mayor Eric Adams, @NYCMayor Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, December 05, 2024
Andrew Ross Sorkin shares highlights from The New York Times DealBook Summit yesterday, including his interviews with Jeff Bezos, Fed Chair Jerome Powell, Prince Harry and former President Bill Clinton. Notable moments included Jay Powell comparing bitcoin to gold , OpenAI CEO Sam Altman calling Elon Musk a “mega hero,” and Google CEO Sundar Pichai’s comments on DEI. Plus, bitcoin has hit $100,000 , and Majority Leader Rep. Steve Scalise (R-Louisiana) the race for House Financial Services Committee chairman and his plans to work with a potential Department of Government Efficiency . Rep. Steve Scalise - 27:10 In this episode: Rep. Steve Scalise, @SteveScalise Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, December 04, 2024
South Korean President Yoon Suk Yeol abruptly announced a period of emergency martial law on Tuesday, but reversed the order hours later after backlash from citizens and South Korean Parliament. In France, lawmakers will hold a vote of no-confidence today in Prime Minister Michel Barnier’s minority government. CNBC contributor Michelle Caruso-Cabrera discusses the international politics and economics at play. Next, Philips CEO Roy Jakobs highlights the use of AI in health care, including in imaging, administrative tasks, and patient care. Plus, Andrew Ross Sorkin previews his lineup at today’s New York Times DealBook Summit , President-elect Trump may be rethinking his Defense pick , and Campbell’s CEO is leaving to become an NFL team president . Michelle Caruso-Cabrera - 13:23 Roy Jakobs - 29:28 In this episode: Michelle Caruso-Cabrera, @MCaruso_Cabrera Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, December 03, 2024
Following news that Tesla buyers could be excluded from lucrative EV credits in California, Rep. Ro Khanna (D-California) is urging the state’s leaders to keep manufacturing in the state. In the name of bipartisanship, Rep. Khanna shares a list of agenda items ripe for collaboration across the aisle. Next, Crunch Labs founder and YouTuber Mark Rober discusses how he’s making science cool for kids. The former NASA employee and Apple engineer discusses the creator economy, coding for adults, and taking selfies from space. Plus, Elon Musk lost his bid for his $56B pay package , and Trump vows to block Nippon Steel’s bid for U.S. Steel . Ro Khanna - 14:20 Mark Rober - 25:23 In this episode: Rep. Ro Khanna, @RepRoKhanna Mark Rober, @MarkRober Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Mon, December 02, 2024
The holiday season is in full swing, and happiness guru Arthur Brooks is offering advice to maximize gratitude into the new year. Host of the “How to Build a Better Life” podcast says Thanksgiving offers a helpful psychology, and that an emphasis on being “grateful, not cheerful” can improve mental health. Next, on this Cyber Monday, Amber Venz Box discusses the rise of live shopping on social media via influencers or creators. She co-founded LTK, a platform that helps influencers earn commissions by connecting them with brands to promote and sell products on social media. She says over a thousand creators on her platform are now millionaires. Plus, President Biden pardoned his son , Intel CEO Pat Gelsinger has retired , Stellantis CEO Carlos Tavares has stepped down , and President-elect Trump has picked Charles Kushner for ambassador to France and Kash Patel for FBI director . Arthur Brooks - 17:20 Amber Venz Box - 31:38 In this episode: Arthur Brooks, @arthurbrooks Amber Venz Box, @AmberVenzBox Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Fri, November 29, 2024
Black Friday is here, and while many shoppers are hitting the malls, others are taking advantage of deals on social media. Marketing and social media expert Gary Vaynerchuk highlights the rise of live shopping on social media as a potential disruption to the retail industry. Influencers are making millions of dollars each month through live shopping events on TikTok, he says, much like QVC. Next, Dr. Scott Gottlieb gives his perspective on the future of health care as President-elect Trump’s transition team takes shape, including Trump’s pick of RFK Jr. as health secretary. CNBC’s wealth reporter Robert Frank shares the impact philanthropy has had on the net worth of America’s richest people –and explains why Warren Buffett has already shared his will with his family. Plus, the FTC has launched an antitrust investigation into Microsoft , and Moana 2, Wicked and Gladiator II had a successful Thanksgiving. Dr. Scott Gottlieb - 21:19 Gary Vaynerchuk - 34:52 In this episode: Gary Vaynerchuk, @garyvee Scott Gottlieb, @ScottGottliebMD Becky Quick, @BeckyQuick Steve Liesman, @steveliesman Robert Frank, @robtfrank Zach Vallese, @zachvallese
Fri, November 29, 2024
In this bonus episode of Squawk Pod, the beloved “Roundball Rock” NBA theme song could make a return to NBC. CNBC’s Alex Sherman shares the latest on the rights to the iconic song and whether fans will hear it when the NBA returns to NBC starting in 2025. The Roundball Rock composer himself, John Tesh, heard us squawking about his song and reacted to it on his podcast . Tesh then joined Squawk Box to share his perspective on the likelihood of a rights deal and his song making a comeback. In this episode: Alex Sherman, @sherman4949 John Tesh, @JohnTeshMedia Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, November 27, 2024
Israel and Hezbollah reached a permanent ceasefire agreement overnight after nearly 14 months of fighting. In Washington, CNBC’s Eamon Javers discusses the latest picks for Trump’s economic team, and in Silicon Valley, OpenAI is allowing employees to sell about $1.5 billion worth of shares in a new tender offer to SoftBank. Wall Street Journal columnist Peggy Noonan is turning her nearly 25-year-old “Declarations” column into a book. After years of speech writing for Ronald Reagan and writing on American politics, Noonan reflects on our nation’s journey to Trumpian conservatism. Plus, this Thanksgiving, a Squawk Box tradition: Butterball is back with its Turkey Talk-Line, helping holiday cooks avoid turkey turmoil. Supervisor Bill Nolan shares this year’s turkey trends and tips for the perfect bird. Eamon Javers - 03:23 Peggy Noonan - 17:28 Bill Nolan - 28:52 In this episode: Peggy Noonan, @Peggynoonannyc Eamon Javers, @EamonJavers Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese
Tue, November 26, 2024
President-elect Trump says he plans to raise tariffs by an additional 10% on China and impose 25% tariffs on Mexico and Canada . CNBC’s Megan Cassella talks through the latest reporting on Trump’s plans for tariffs on day one of his administration. Next, the U.S. has finalized a $7.9B award to Intel to fund chips projects. Chris Miller, Tufts Fletcher School professor and ‘Chip War’ author, discusses the future of semiconductor legislation in a second Trump administration, as well as the global competition for US chipmakers. Ahead of Thanksgiving, chef, restaurateur, and Eataly partner Lidia Bastianich shares her turkey dinner tips amid rising food prices and her experiments with a surprising ingredient: crickets. Plus, Walmart pulls back on DEI efforts and Qualcomm’s interest in taking over Intel is reportedly waning. Megan Cassella - 03:51 Chris Miller - 19:23 Lidia Bastianich - 27:55 In this episode: Megan Cassella, @mmcassella Chris Miller, @crmiller1 Lidia Bastianich, @LidiaBastianich Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, November 25, 2024
President-elect Trump’s Treasury Secretary pick Scott Bessent prompted a positive market reaction as the last few cabinet roles are filled. Sports team owner Mark Wilf had a big weekend, scoring a trifecta of wins for his teams: Orlando Pride, Orlando City, and the Minnesota Vikings. He discusses the Pride’s first NWSL championship victory and his return on investment in women’s sports. Plus, Wicked and Gladiator II made a splash at the box office this weekend, Novak Djokovic names long-time tennis rival Andy Murray as his new coach, and the Squawk anchors talk gift ideas heading into the holidays. Mark Wilf - 19:14 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, November 22, 2024
A big weekend is coming up for the box office, with Wicked and Gladiator II expected to bring in a combined $200 million . CNBC’s Julia Boorstin explains the stakes and the marketing blitzes for both movies. Puck’s Matt Belloni discusses Wicked-ator and Comcast’s rationale for “SpinCo,” its cable spinoff. Restaurant review platform The Infatuation is out with its best new restaurants of the year. CEO Paul Needham highlights recent dining trends, including “rip and dip” bagels and mini martinis. Plus, DirecTV scraps its merger with Dish , SEC Chair Gary Gensler will resign once President-elect Trump takes office, and Matt Gaetz is out and Pam Bondi is in for Trump’s attorney general pick. Megan Cassella - 03:52 Julia Boorstin - 19:00 Matt Belloni - 22:21 Paul Needham - 32:35 In this episode: Julia Boorstin, @JBoorstin Matt Belloni, @MattBelloni Paul Needham, @paul_needham Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, November 21, 2024
NHL legend Wayne Gretzky is readying a congratulations for Alex Ovechkin, the Washington Capitals player set to break one of Gretzky’s many career records. The Great One weighs in on the recent growth of the sport, as well as the impact of his most famous quotes. Bitcoin is cruising toward its 100k milestone; Senator Cynthia Lummis (R-Wyoming) is a crypto enthusiast, and she’s supporting a Bitcoin Strategic Reserve. As President-elect Donald Trump assembles his cabinet picks, Sen. Lummis explains what she needs to hear from Attorney General contender Matt Gaetz . Plus, AI demand drove Nvidia’s earnings above expectations, and the Department of Justice is aiming for a Google Chrome spinoff. Jake Sherman - 09:21 Sen. Cynthia Lummis - 21:00 Wayne Gretzky - 31:30 In this episode: Jake Sherman, @JakeSherman Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, November 20, 2024
Comcast plans to spin off its cable networks , including CNBC, E!, and MSNBC. CNBC’s founder and NBC Cable’s first president Tom Rogers is optimistic about the move and the influx of resources it might present for cable channels. Delta CEO Ed Bastian joins ahead of the airline’s 100-year anniversary and Delta’s annual investor day . Despite retailers like Target reporting inflation-conscious customers, Bastian says consumers are still spending on travel. While Bastian is confident that Boeing’s new CEO is working on the supplier’s many issues, for now, Delta is “an Airbus customer.” Plus, Kansas City Chiefs President Mark Donovan’s NFL team is partnering up with Hallmark! Donovan discusses the Taylor Swift tailwinds for his fandom. Tom Rogers - 2:21 Ed Bastian - 17:09 Mark Donovan - 28:02 In this episode: Mark Donovan, @Chiefs Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, November 19, 2024
Department of Justice antitrust officials will reportedly ask a judge to force Alphabet to sell its Chrome browser. Google’s former CEO Eric Schmidt considers the friction between big tech and the government, and weighs how tech regulation might change under another Donald Trump administration. In Schmidt’s new book “Genesis: Artificial Intelligence, Hope, and the Human Spirit,” he explores the future of tech and AI regulation, as well as the line between humanity and technology. Martha Stewart is now an author of 100 books! Stewart’s newest cookbook coincides with drama over the Netflix documentary chronicling her life. She sets the record straight on her feud with a journalist and her “brat” attitude, as lauded by Charli XCX on Saturday Night Live. Plus, Russia says Ukraine launched an attack with U.S.-made long-range missiles , and CNBC’s Megan Casella has the latest on the sweepstakes for Trump’s Treasury Secretary pick. Eric Schmidt - 12:54 Martha Stewart - 27:10 In this episode: Eric Schmidt, @ericschmidt Martha Stewart, @MarthaStewart Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, November 18, 2024
As President-elect Donald Trump quickly reveals his picks for roles in his administration, Axios co-founder Mike Allen suggests what each name means for Trump’s priorities in his next administration. While some picks are surprises, the contenders for Treasury Secretary are predictable, so far. In the AI revolution, platform Perplexity is rolling out a shopping feature to extend user queries from informational to transactional. CEO and co-founder Aravind Srinivas says, successful AI models will start narrowing focus and offering actions, as well as answers. Plus, Tesla stock is surging , Spirit Airlines has filed for bankruptcy , and the NBA and Warner Bros. Discovery have reached a settlement. Mike Allen - 05:39 Aravind Srinivas - 26:57 In this episode: Mike Allen, @mikeallen Aravind Srinivas, @AravSrinivas Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, November 15, 2024
Vaccine stocks are falling after President-elect Donald Trump has tapped Robert F. Kennedy Jr. to be his Secretary of Health and Human Services. Former Walgreens Boots Alliance executive, John Driscoll, shares his concerns about the potential impact and what it could mean for the future of healthcare policy. Home Depot CEO, Ted Decker, discusses how inflation is hitting consumers and how the company is responding to the pressure. Plus, Ark Invest’s Cathie Wood discusses her bet on Tesla and what she thinks Elon Musk’s new role in government could mean for the company - and for the future of innovation in the U.S. John Driscoll - 02:24 Ted Decker - 13:11 Cathie Wood - 30:29 In this episode: Cathie Wood, @CathieDWood Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese
Thu, November 14, 2024
President-elect Donald Trump said he will nominate Rep. Matt Gaetz, (R) Florida, to be attorney general . CNBC’s Eamon Javers has the latest from Florida on the surprising selection, as Gaetz is the subject of a House Ethics Committee investigation into whether he engaged in sexual misconduct. Tom Barrack, a longtime Trump ally who chaired his 2016 inaugural committee, shares his insight on the president-elect’s hiring style, the Department of Government Efficiency and expectations for Trump’s second term. Plus, the FBI raided Polymarket CEO Shayne Coplan’s home and the AI version of Andrew Ross Sorkin makes a special Squawk Box appearance. Eamon Javers - 02:23 Tom Barrack - 19:32 In this episode: Eamon Javers, @EamonJavers Tom Barrack, @TomBarrackJr Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese
Wed, November 13, 2024
President-elect Trump announced last night that Elon Musk and Vivek Ramaswamy will head a Department of Government Efficiency , DOGE for short, to trim government spending during his second administration. CNBC’s Eamon Javers has the Trump team’s latest from West Palm Beach. Next, the Senate is gearing up for a vote today on who will be the next majority leader . Eric Cantor, Wall Street executive and former Republican House leader, gives his prediction on the leadership race and discusses his outlook for M&A and regulation under Trump. Also, shares of fast-casual Mediterranean restaurant Cava are soaring on the company’s earnings beat. CEO Brett Schulman says Cava is a “category-defining brand” and discusses his growth outlook. Eamon Javers - 02:23 Eric Cantor - 16:21 Brett Schulman - 27:20 In this episode: Eamon Javers, @EamonJavers Eric Cantor, @EricCantor Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, November 12, 2024
Lawmakers and economists are debating the future of the Federal Reserve after President-elect Trump’s promises to fire Fed Chair Jay Powell and Senator Mike Lee’s (R-UT) call to #EndTheFed . Judy Shelton and CNBC’s Steve Liesman to discuss the role of the central bank and the constitutional precedent for Fed independence. As the AI revolution ramps up, Goldman Sachs’s Jared Cohen highlights the infrastructure needed to support the technology’s energy demands. Cohen calls for “data center diplomacy” as AI underscores geopolitics and competition between China and the United States. Plus, the price of bitcoin reached nearly $90,000 , Trump’s victory has lifted Elon Musk’s net worth by $70 billion , and Trump’s latest picks for his second administration include Sen. Marco Rubio , Rep. Mike Waltz and Gov. Kristi Noem. Jared Cohen - 12:43 Judy Shelton - 25:53 In this episode: Jared Cohen, @JaredCohen Judy Shelton, @judyshel Steve Liesman, @steveliesman Eamon Javers, @EamonJavers Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, November 11, 2024
President-elect Donald Trump has begun to make his first appointments in his new administration. Over the weekend, he named Tom Homan as border czar , said Nikki Haley and Mike Pompeo will not join his second term, and wrote on Truth Social that the Senate majority leader should agree to allow recess appointments to Trump’s cabinet . On X, Senator Mike Lee (R-Utah) suggested reasons to “#EndtheFed,” garnering support from Elon Musk. Lazard CEO Peter Orszag weighs in on Fed independence and discusses what to expect after the transfer of power, including the market impact and the M&A cycle. Next, Property Brothers Drew and Jonathan Scott discuss the state of the housing market and their new HGTV show “Don’t Hate Your House,” focused on how homeowners who can't move are renovating their homes. Peter Orzag - 14:21 Drew & Jonathan Scott - 29:01 In this episode: Drew Scott, @MrDrewScott Jonathan Scott, @JonathanScott Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, November 08, 2024
In the central bank’s latest decision, the Federal Reserve cut its benchmark rate by 25bps . While Democrats wrestle with what went wrong for Vice President Harris, Republicans are making plans for President-Elect Trump 2.0. Former Republican presidential candidate Vivek Ramaswamy and former Trump staffer turned Harris-backer Anthony Scaramucci debate immigration policy and whether the country can “turn the page” under the new administration. Plus, Susie Wiles will be Donald Trump’s White House chief of staff , the Washington Post has called employees back to the office five days a week, and a New Jersey voter endorsed a certain Squawk anchor for president. Steve Liesman - 06:53 Vivek Ramaswamy & Anthony Scaramucci - 19:58 In this episode: Vivek Ramaswamy, @VivekGRamaswamy Anthony Scaramucci, @Scaramucci Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, November 07, 2024
In the week leading up to election day, presidential election contracts on Polymarket, Kalshi, and PredictIt all indicated Donald Trump had a wider lead ahead of Kamala Harris than traditional polls. In his first-ever TV interview, Polymarket CEO Shayne Coplan discusses his company’s role in elections and the rising popularity of prediction markets , which allow bettors to wager on election outcomes. The Wall Street Journal’s Tim Higgins highlights Elon Musk’s influence among young men, saying Musk gave them “purpose” in voting for Trump. Plus, the House race remains uncalled , smart ring maker Oura is out with a new report on election day stress levels, and Wall Street awaits the Federal Reserve’s next rate cut decision . Shayne Coplan - 14:51 Tim Higgins - 32:15 In this episode: Shayne Coplan, @shayne_coplan Tim Higgins, @timkhiggins Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, November 06, 2024
Another Trump administration might mean big changes to America’s financial system. Scott Bessent, economic advisor to Trump and potential Treasury Secretary pick, shares insights on Trump’s proposed tariffs and a red Senate. Plus, Bessent discusses his behind-the-scenes role in shaping Trump’s economic policies. Bessent - 03:33 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, November 06, 2024
What are the market implications of a potential "red sweep" in the 2024 election? Billionaire private equity investor and Carlyle Group co-founder David Rubenstein offers his take on what the outcome could mean for the country’s economic future and the markets. Plus, Rubenstein weighs in on the challenges ahead, from tackling the national deficit to navigating political divisions. Rubenstein - 03:42 In this episode: David Rubenstein, @DM_Rubenstein Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, November 06, 2024
In this special episode, we dive deep into morning-after analysis of the 2024 election. How did former President Donald Trump pull off his win? Investment banker Roger Altman breaks down the campaign’s winning argument, pointing to a crucial shift in voter sentiment: "Are you better off than you were four years ago?" Plus, pollster Frank Luntz weighs in on the unwavering support behind Trump and what that means for the future of American politics. He also offers Democrats some advice to move forward. Altman - 04:32 Luntz - 20:53 In this episode: Frank Luntz, @FrankLuntz Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, November 06, 2024
The 2024 presidential election has come to a dramatic close. CNBC’s Senior Washington Correspondent, Eamon Javers, discusses President Trump's stunning electoral victory and the shifting balance of power in Washington. Plus, CNBC’s DC Correspondent, Emily Wilkins, with the latest on the Senate flip that’s reshaping Capitol Hill. Javers - 03:10 Wilkins - 13:25 In this episode: Emily Wilkins, @emrwilkins Eamon Javers, @EamonJavers Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, November 05, 2024
Election day 2024 is finally here! Voters across the country head to the polls today, but results may take longer than 24 hours to confirm. If the race is close, Al Gore’s 2000 campaign chairman Bill Daley tells Americans, have faith in the process! The former chief of staff for President Obama expects to have a sense of the returns on Wednesday morning. Plus, Boeing machinists approved a labor deal, ending the seven-week strike , a judge has rejected a request to block Elon Musk's daily giveaway to Pennsylvania voters , a Wall Street Journal report says Russia is suspected of plotting to sell incendiary devices to U.S.-bound planes, and Fox sold out its Super Bowl ad inventory at record pricing. Daley - 20:33 In this episode: Eamon Javers, @EamonJavers Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, November 04, 2024
In the final 24 hours until election day, media mogul Barry Diller, chairman of IAC and Expedia, discusses the state of the race and his support for Kamala Harris. He says if Harris wins, she should consider asking Elon Musk to serve on her cabinet to help with cutting government costs. Diller also weighs in on the likelihood of an Uber-Expedia deal and a Comcast spin-off . Plus, the Dow Jones Industrial Average is swapping Intel and Dow Inc for Nvidia and Sherman Williams, a Semafor report says policymakers have begun discussing whether Intel needs more assistance, Berkshire Hathaway sold another chunk of its Apple stake, and Salesforce Co-founder Marc Benioff is in talks to sell media company Time . Barry Diller - 16:34 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, November 01, 2024
Oil giant Exxon Mobil reported quarterly results today that beat expectations. Ahead of the presidential election next week, Exxon CEO Darren Woods discusses oil prices, supply and demand, tariffs, Donald Trump’s “drill baby drill” perspective, and the California lawsuit over Exxon’s plastics waste. Next, Arthur Brooks, author and AEI president emeritus, gives a mood check on the country as we head into the election. He says, don’t let the election “ruin your life.” Plus, shares of Amazon and Intel are rising after earnings beat estimates, Boeing and its machinist union have negotiated a new contract offer , Sony is suing CBS over game show revenue from Jeopardy and Wheel of Fortune, and economists are parsing a “noisy” jobs report. Darren Woods - 14:40 Arthurt Brooks - 34:30 In this episode: Arthur Brooks, @arthurbrooks Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, October 31, 2024
After leaving Chipotle to lead Starbucks, CEO Brian Niccol has a plan to turn the iconic coffee brand around. Niccol sat for an exclusive interview with Andrew Ross Sorkin after his first eight weeks at the helm of Starbucks; he’s learning from three straight quarters of declining sales and implementing menu, pricing, and timing changes to the coffee chain. Next, SharkNinja manufactures appliances like robot vacuums, air fryers and ice cream makers, and CEO Mark Barrocas says, those are just the beginning. He discusses the company’s diversification and the impact tariffs could have on his business. Plus, a district attorney ordered Elon Musk to attend an emergency court hearing over his pledge to award $1 million to registered voters in Pennsylvania, eBay’s current quarter guidance fell short of expectations , and Comcast is exploring a separation of its cable networks business. Brian Niccol - 12:21 Mark Barrocas - 24:12 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, October 30, 2024
Silicon Valley is split over the 2024 US Presidential election - Elon Musk and Mark Cuban are making waves, while Mark Zuckerberg has chosen to sit this one out. Chris Kelly, Kelly Investments founder and former Facebook general counsel and chief privacy officer, discusses the role of business leaders in this election, the future of Crypto, and Kelly’s support for Vice President Kamala Harris. CNBC’s Robert Frank reports on shares of Trump Media and its rollercoaster trading session. Trump owns nearly 57% of the company, which operates the Truth Social platform. His stake at Monday’s closing price was worth upward of $5.4 billion. Plus, Reddit’s bet on AI pays off and Starbucks ditches its olive-oil infused coffee. Chris Kelly - 2:27 In this episode: Robert Frank, @robtfrank Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, October 29, 2024
A Donald Trump presidency could be worse for the federal budget than a Harris presidency, according to a new report from the Committee For a Responsible Federal Budget. Either way the election goes, CNBC’s Eamon Javers says the deficit will grow. CNBC’s Steve Liesman considers why neither politicians nor the broader public seem to care about America’s soaring debt , and shares his concerns about the deficit’s economic impact. A week out from election day, Axios co-founder Mike Allen says the MAGA-World is confident. While the election seems like a coin flip, it could end up a landslide for either candidate. Plus, Trump Media shares surged and Washington Post owner Jeff Bezos published an op-ed defending the newspaper’s decision against endorsing a presidential candidate this election cycle. Mike Allen - 30:35 In this episode: Mike Allen, @mikeallen Eamon Javers, @EamonJavers Steve Liesman, @steveliesman Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, October 28, 2024
Donald Trump held a rally at Madison Square Garden in New York on Sunday, kicking off his final appeal to voters as election day approaches. One rally speaker, Rep. Byron Donalds (R-Florida), joined the Squawk set the morning after, discussing a rally joke that sparked controversy and the vitriol surrounding this year’s election. Former Rep. Donna Edwards (D-Maryland) suggests that votes for Vice President Harris are votes for a forward-looking administration, and weighs in on the political tension across the country. Next, Robinhood is joining the election betting game alongside platforms like Polymarket and Kalshi. Despite polls indicating a close race, betting platforms favor former President Trump to win the White House. Kalshi co-founder Tarek Mansour discusses betting market accuracy, as well as competition between the betting platforms. Plus, Boeing announced a capital raise of $18.9 billion, and McDonalds has returned its Quarter Pounder to the menu following the E. coli outbreak. Tarek Mansour - 27:21 Rep. Byron Donalds, fmr. Rep. Donna Edwards - 11:03 In this episode: Rep. Byron Donalds, @ByronDonalds Fmr. Rep. Donna Edwards, @DonnaFEdwards Tarek Mansour, @mansourtarek_ Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, October 25, 2024
The Wall Street Journal is reporting that Elon Musk has spoken to Russian President Vladamir Putin multiple times since 2022. CNBC’s Eamon Javers discusses the details of the report and what we know so far, including what Putin reportedly asked of Musk, and whether these conversations were known by the US government. Joe Lonsdale, Palantir co-founder and long-time friend of Elon Musk, says he thinks it’s highly unlikely Musk broke rules related to national security. Lonsdale also discusses U.S. diplomacy in the Middle East and the potential of a Department of Government Efficiency , should Donald Trump win the election. Plus, Microsoft CEO Satya Nadella asked for pay reduction in the wake of cybersecurity issues within the company, and tickets to this year’s World Series between the Dodgers and the Yankees have a steep price. Javers - 02:33 Lonsdale - 20:28 In this episode: Eamon Javers, @EamonJavers Joe Lonsdale, @JTLonsdale Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, October 24, 2024
The Federal Reserve will make its next decision on interest rates immediately following election day. Former Fed Governor Kevin Warsh is advising his former colleagues at the central bank to do less talking, and more thinking. Warsh considers the meaning of inflation, the role of the Fed, and offers his perspective on the last decision to cut rates by 50 basis points . The morning after Vice President Kamala Harris’ town hall with Anderson Cooper on CNN, pollster and strategist Frank Luntz explains why Harris may be struggling to win over persuadable voters. Steve Liesman breaks down CNBC’s latest election survey and explains the margin for error in both state and national polling. Plus, Boeing machinists on strike rejected the company’s latest labor contract, and Peloton’s stock is surging after an investor’s bullish comments. Kevin Warsh 19:11 Frank Luntz 36:44 In this episode: Phil LeBeau, @Lebeaucarnews Steve Liesman, @steveliesman Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, October 23, 2024
Pershing Square Capital Management CEO Bill Ackman discusses why, after years as a “centrist,” he is supporting Donald Trump in the 2024 election. Comparing the Harris campaign with Trump's, the hedge funder says a Trump win is “in the best interest of the country.” Ackman also discusses the spread of misinformation online–including in his own posts. Plus, a conversation about treasury yields evolves into a spirited political debate, and billionaire Warren Buffett tells CNBC he will not endorse any political candidates, despite impersonators and misinformation about him on social media. Bill Ackman - 19:17 In this episode: Bill Ackman, @BillAckman Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, October 22, 2024
Billionaire and legendary investor Paul Tudor Jones is raising alarms about the U.S. government’s fiscal deficit and the increased spending proposed by both presidential candidates. In an extended interview, he warns that more spending could trigger a sell-off in the bond market. In managing his portfolio, Paul Tudor Jones is betting on commodities and the Nasdaq–but not on fixed income. Plus, Federal Reserve presidents Neel Kashkari and Mary Daly are speaking out on monetary policy, Nike renews its contract with the NBA and WNBA, and TGI Friday’s is filing for bankruptcy. Paul Tudor Jones 13:06 In this episode: Paul Tudor Jones, @ptj_official Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Mon, October 21, 2024
Billionaire investor Mark Cuban hit the campaign trail for Vice President Kamala Harris this weekend in battleground states Arizona and Michigan, while fellow billionaire Elon Musk campaigned for former President Donald Trump in Pennsylvania. Cuban discusses why he’s supporting Harris, why he finds Donald Trump’s tariff plans to be “insane,” and explains that he’ll continue speaking his politics in spite of name calling on social media . Plus, Starboard Value has amassed a significant stake in Kenvue , consumer products brand formerly owned by Johnson & Johnson, and Disney announced a plan for chairman and for Bob Iger’s CEO successor reveal. Mark Cuban: 4:10 Alex Sherman: 30:23 In this episode: Mark Cuban, @mcuban Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese
Fri, October 18, 2024
Israeli military forces killed Hamas leader Yahya Sinwar on Thursday, the architect of the Oct. 7 terror attacks on Israel last year. Council on Foreign Relations president emeritus Richard Haass considers whether Sinwar’s death will be a turning point in the war in Gaza. Next, MIT’s Simon Johnson was awarded the 2024 Nobel Memorial Prize in Economic Sciences this week. Though he’s newly decorated, he emphasizes the importance of intellectual discourse in democracy. In election news, billionaires Mark Cuban and Elon Musk are hitting the (separate) campaign trails to support their respective picks for president, and Donald Trump’s gains on the election betting platform Polymarket may be inflated by a few big betters. Plus, CVS share prices plummeted as the company replaced its CEO . Richard Haass - 21:14 Simon Johnson - 35:18 In this episode: Richard Haass, Simon Johnson, Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, October 17, 2024
After years of catering to mobile traders, Robinhood is launching “Robinhood Legend,” a new platform for desktop traders. CEO and co-founder Vlad Tenev joins from the first-ever Hood Summit in Miami to discuss the new platform and explain why he’s working on a separate AI project called Harmonic. Next, Meta has rolled out a new Instagram campaign to educate teens about "sextortion" scams online. Meta’s VP & Global Head of Safety Antigone Davis discusses new safety features and the challenge of keeping Meta’s platforms safe for its youngest users. Plus, Uber has discussed a bid for travel booking company Expedia, Vice President Harris gave a contentious interview with Fox News, and Gen X is most likely to max out their credit cards . Vlad Tenev - 19:30 Antigone Davis - 30:01 In this episode: Vlad Tenev, @vladtenev Antigone Davis, @DavisAntigone Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, October 16, 2024
United Airlines has announced a $1.5B share buyback program , its first since before the pandemic. The plan has inflamed an already contentious relationship between the airline and its flight attendants, who have been pushing for a new contract. The Association of Flight Attendants International President Sara Nelson calls the buyback a “big mistake” and argues that some of that money belongs to the airline’s workers. United CEO Scott Kirby responds to Nelson’s comments, insisting that flight attendants will get an “industry-leading” contract. Plus, Qualcomm might wait until after the election to decide whether to buy Intel and Tom Brady will soon be a part owner of the Las Vegas Raiders. Sara Nelson - 15:19 Scott Kirby - 24:02 In this episode: Sara Nelson, @FlyingWithSara Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, October 15, 2024
Johnson & Johnson released higher-than-expected third-quarter earnings; CFO Joseph Wolk discusses the company’s performance, the latest updates on its talc subsidiary’s bankruptcy and his thoughts on the corporate tax rate heading into the 2024 election. Next, Vice President Harris released a new economic plan on Monday to give Black men more economic opportunities. Charles Phillips, Recognize co-founder and Black Economic Alliance co-chair, discusses the plan and why he’s supporting the Harris economic agenda. Plus, Fed Gov. Waller sees the need for “more caution” going forward with rate cuts, shares of Covergirl’s parent Coty fell after reporting weaker-than-expected revenue, and Tesla’s Optimus robots were assisted by humans at last week’s Cybercab event. Joseph Wolk - 14:53 Charles Phillips - 32:39 In this episode: Charles Phillips, @PhillipsCE Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, October 14, 2024
During SpaceX’s latest Starship test flight on Sunday, its launch tower successfully caught the rocket’s “Super Heavy” booster. “Elon Musk” Biographer Walter Isaacson discusses the latest SpaceX milestone, Tesla’s pivot to AI and robotics, and the Cybercab reveal. He also weighs how Musk’s endorsement of Fmr. Pres. Trump could impact Tesla’s performance. Next, CNBC’s Kate Rooney reports that Wall Street’s hedge funds are competing for an edge using AI, for example through quickly analyzing financial reports or avoiding the “emotional” pitfalls of trading. Plus, the latest national NBC News poll shows the two presidential candidates in a deadlocked race, Musk’s X drops Unilever from its advertising lawsuit, and Delta pauses its hot meal service on more than 200 Detroit flights because of a “food safety issue.” Walter Isaacson 12:22 In this episode: Water Isaacson, @WalterIsaacson Kate Rooney, @Kr00ney Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese
Fri, October 11, 2024
Companies like SiriusXM and Sonos are using AI chat bots to make customer service experiences “delightful,” thanks to new conversational AI technology from Sierra. The company’s Co-Founders Bret Taylor, who is also the Chairman of OpenAI, and Clay Bavor discuss the new technology and the competitive AI landscape. Next, Tesla held its highly anticipated Cybercab event last night and CNBC’s Phil LeBeau recaps what we learned – and didn’t learn – about the new Cybercab and Robovan. Plus, AMD launched a new AI chip to rival Nvidia’s, Pres. Biden urged Congress to pass Hurricane Milton relief funding, and Nvidia CEO Jensen Huang stops by the Squawk Box set for a surprise appearance! Brett Taylor & Clay Bavor 11:29 Phil LeBeau 27:15 In this episode: Bret Taylor, @btaylor Phil LeBeau, @Lebeaucarnews Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, October 10, 2024
Hurricane Milton hit Florida overnight as a Category 3 storm, leaving millions without power . Florida Gov. Ron DeSantis discusses the recovery efforts and federal response in his state after experiencing two hurricanes in a row. Walmart U.S. President and CEO John Furner joins from the company’s emergency command center to talk about Walmart’s efforts to help victims of both storms. Next, Arthur Brooks, Harvard Kennedy School professor and former AEI president, says as we head into election day, the more you pay attention to politics, the more unhappy you will be. Plus, CNBC’s Robert Frank gives insight on Fmr. President Donald Trump’s promise to end ‘double taxation’ for Americans living abroad and Fed officials are divided on whether to cut rates by half a point in September. John Furner 13:00 Gov. Ron DeSantis 18:28 Albert Brooks 30:48 In this episode: Robert Frank, @robtfrank Gov. Ron DeSantis, @GovRonDeSantis Arthur Brooks, @arthurbrooks Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, October 09, 2024
The U.S. budget deficit has hit $1.8T, according to the Congressional Budget Office. As both presidential candidates discuss how to combat the federal deficit, Budget Committee Chair Rep. Jodey Arrington, (R) Texas, weighs in. Next, Carson Daly, host of “The Voice” and co-host of the “TODAY” show, talks about tackling mental health issues alongside Phil Schermer, CEO of Project Healthy Minds, as the organization prepares for its World Mental Health Day festival and gala tomorrow. Plus, Hurricane Milton is set to make landfall on Florida’s Gulf Coast between Wednesday night and early Thursday morning and the Dept. of Justice is considering a breakup of Google as an antitrust remedy. Eamon Javers - 07:18 Rep. Jodey Arrington - 17:32 Carson Daly & Phil Schermer - 31:56 In this episode: Rep. Jodey Arrington, @RepArrington Phil Schermer, @philschermer Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, October 08, 2024
As we enter the final month before the election, Pollster and Political Strategist Frank Luntz discusses Vice Pres. Kamala Harris’ strategy and string of media appearances, including an interview on “60 Minutes” on Monday. Next, Rep. Chuck Edwards, (R) North Carolina, discusses the Hurricane Helene recovery efforts in his district and the difficulty of accessing reliable on-the-ground information about the storm amid a rise in misinformation . For a list of hurricane relief resources to help the Helene victims, visit edwards.house.gov/helpWNC . Plus, Tampa braces for Hurricane Milton and Hindenburg Research shorts Roblox , alleging the company inflates user metrics to investors and has insufficient safeguards for its child gamers. Frank Luntz 12:17 Rep. Chuck Edwards 27:23 In this episode: Frank Luntz, @FrankLuntz Rep. Chuck Edwards, @RepChuckEdwards Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, October 07, 2024
Under either Presidential candidates’ economic plans the federal debt will soar, but Fmr. Pres. Trump’s plan could cost twice as much as Vice Pres. Harris’s, according to a new report by the Committee for a Responsible Federal Budget. Retired Goldman Sachs Partner Abby Joseph Cohen discusses the state of the economy and the election’s impact on the markets. Next, on the one-year anniversary of the Hamas attacks against Israel, Anti-Defamation League CEO Jonathan Greenblatt talks about the rise in antisemitism in the past year and how to honor the lives lost. Plus, Starboard Value has taken a roughly $1 billion stake in Pfizer and Trump returned to Butler, Pa. this weekend for a rally after the assassination attempt this summer at that same location. Megan Cassella - 16:31 Abby Joseph Cohen - 21:13 Jonathan Greenblatt - 34:42 In this episode: Megan Cassella, @mmcassella Jonathan Greenblatt, @JGreenblattADL Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, October 04, 2024
The commodities exchange KalshiEx has resumed accepting wagers on the outcome of the 2024 congressional election after a federal appeals court lifted a previous hold. Tarek Mansour, founder and CEO of Kalshi, discusses the potential impact to the current state of the election betting market. And, OpenAI announced a major funding achievement , securing $6.6 billion and reaching a post-money valuation of $157 billion, setting a competitive stage against Elon Musk's AI company, xAI . Walter Isaacson, author and Tulane professor, weighs in on the AI technology race between Elon Musk and Sam Altman. Plus, CNBC’s Frank Holland breaks down the significant labor negotiation concluded with U.S. dockworkers and the United States Maritime Alliance reaching a tentative wage agreement, extending their current contract into 2025. Tarek Mansour - 15:59 Walter Issacson - 27:29 In this episode: Frank Holland, @FrankCNBC Walter Isaacson, @walterisaacson Tarek Mansour, @mansourtarek_ Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese
Thu, October 03, 2024
As dock workers enter their third day of strikes , Sen. Shelley Moore Capito, (R) West Virginia, member of the Commerce Committee, says Pres. Biden should invoke the Taft-Hartley Act to end the strikes. Plus, CNBC’s Sharon Epperson discusses a new poll that finds that 50% of adults say the outcome of the presidential election will directly impact their personal finances . Financial analysts tell Epperson that people should have a financial planning framework no matter the election outcome. If you're looking for an advisor to help develop a framework and long-term plan, check out CNBC's 6th annual Financial Advisor 100 list , recognizing the top firms in the country. Also, Columbia Business School Professor Michel Morris discusses his new book “Tribal,” which tackles why we are so divided and how tribalism impacts politics, the C-suite, college campuses, and more. Sharon Epperson - 12:43 Sen. Capito - 16:51 Michael Morris - 25:09 In this episode: Sharon Epperson, @sharon_epperson Sen. Shelley Moore Capito, @SenCapito Michael Morris, @MichaelMorrisCU Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Klaire Odumody, @klairemarie
Wed, October 02, 2024
Iran launched nearly 200 missiles into Israel yesterday in retaliation for its recent killing of Hezbollah leader Hassan Nasrallah. Retired Col. and Medal of Honor Recipient Jack Jacobs discusses how Israel will respond, Iran’s nuclear capabilities, and how oil could be impacted. The Squawk Box anchors share their takeaways from the 2024 election’s only vice presidential debate last night between Sen. J.D. Vance and Gov. Tim Walz. Plus, Fmr. SEC Chairman Jay Clayton and Fmr. NEC Director Gary Cohn talk about the port workers’ strike and the debate, saying the VP candidates delivered “substance” on the issues. Col. Jack Jacobs - 04:22 Gary Cohn and Jay Clayton - 26:49 In this episode: Gary Cohn, @Gary_D_Cohn Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Klaire Odumody, @klairemarie
Tue, October 01, 2024
Approximately 50,000 East and Gulf Coast port workers began a strike last night. Investor and Boston Celtics owner Glenn Hutchins discusses his perspective on the strength of the economy and the possibility of a soft landing for the Fed. Next, Steve MacMillan, CEO of diagnostic maker Hologic, talks about breast cancer awareness and how his company is using AI to help detect cancer. Plus, the death toll from Hurricane Helene has reached 130 people and legendary baseball player Pete Rose has died at age 83. Glenn Hutchins - 12:18 Steve Macmillan - 27:19 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese
Mon, September 30, 2024
China stocks saw their best rally in 16 years on Monday, with U.S. ETFs following suit as recent economic stimulus measures boosted investor optimism. Meanwhile, CNBC’s Contessa Brewer outlines the devastation in Western North Carolina after floods from Hurricane Helene left entire communities submerged. Buncombe County, which includes Asheville, has reported at least 35 deaths. Asheville’s mayor, Esther Manheimer, addresses the extent of the damage and shared ways the public can assist in recovery efforts. Then, Craig Fugate, the former FEMA administrator, discusses the ongoing recovery process and how people can help. And Tusk Ventures CEO Bradley Tusk, author of ‘ Vote With Your Phone, ’ delves into the idea of mobile voting, outlining the process of making voting easier and safer. Plus, California Governor Gavin Newsom vetoed a controversial AI safety bill on Sunday, citing concerns raised by the tech industry that it could push AI companies out of the state and stifle innovation. Contessa Brewer - 14:37 Esther Manheimer - 19:10 Craig Fugate - 25:21 Bradley Tusk - 31:17 Contessa Brewer, @contessabrewer Bradley Tusk, @TuskVentures Esther Manheimer, @EstherManheimer Craig Fugate, @WCraigFugate Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese
Fri, September 27, 2024
As the U.N. General Assembly wraps up, NBC’s Keir Simmons discusses Israel Prime Minister Netanyahu’s speech, protests related to the war in Israel, and the economic fallout from the war in Ukraine. U.K. Prime Minister Keir Starmer sits down with Andrew Ross Sorkin to share his pitch to the global business community and discuss his meeting with former President Trump while in New York. Also on Squawk Pod, Japan will have a new prime minister , Chinese markets recorded their best week in almost 16 years , and OpenAI CEO Sam Altman tells staff he won’t receive a “giant equity stake” in the company. Keir Simmons - 14:50 Keir Starmer - 23:07 In this episode: Keir Simmons, @KeirSimmons PM Keir Starmer, @Keir_Starmer Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, September 26, 2024
Investor Mark Cuban has suggested he would take SEC Chair Gary Gensler’s job, should VP Kamala Harris win the election. Both Cuban and Gensler join the show today, along with billionaire investor David Tepper, to talk about market regulation, crypto, and the presidential election. First, Gensler discusses crypto regulation and Elon Musk dodging SEC depositions . Then legendary hedge funder David Tepper, founder and president of Appaloosa Management and owner of the Carolina Panthers, shares his latest portfolio moves--including selling 84% of his stake in Nvidia and increasing his bets on China . Plus, after Vice President Harris’ first network interview of the campaign, Mark Cuban talks about why he supports the Vice President’s economic policies over Former President Trump’s. Gary Gensler - 03:18 David Tepper - 27:17 Mark Cuban - 58:48 In this episode: Gary Gensler, @GaryGensler Mark Cuban, @mcuban Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, September 25, 2024
The Department of Justice is suing Visa , Boeing workers on strike have overwhelmingly opposed the company’s latest offer , and a federal judge has ruled in favor of food delivery companies like DoorDash. Billionaire investor Leon Cooperman is betting on equities. The legendary Wall Street veteran weighs in on the markets and the upcoming election, arguing both candidates’ economic plans are disappointing. Plus, as world leaders gather at the U.N. General Assembly in New York, former congressman and current head of defense at Palantir Mike Gallagher discusses President Biden’s address and Iran’s role in the Israel-Hamas war. Leon Cooperman - 16:24 Mike Gallagher - 26:57 In this episode: Mike Gallagher, @RepGallagher Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Klaire Odumody, @klairemarie
Tue, September 24, 2024
Former President Trump threatened a 200% tariff on John Deere on Monday if the company offshores production to Mexico. John Paulson, billionaire investor and adviser to Trump’s presidential campaign, defends the tariff plan, arguing it would create an “American manufacturing powerhouse.” Paulson also responds to concerns about Donald Trump’s character and offers his market outlook, should the former President win a second term. Plus, China will cut the amount of cash banks need to have on hand by 50 basis points, Boeing gives its “best and final offer” to workers on strike, and Meta’s AI chatbot might have a familiar voice. John Paulson - 15:44 In this episode: John Paulson, @JpaulsonCEO Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, September 23, 2024
In the wake of the Federal Reserve’s 50 basis point rate cut last week, Minneapolis Fed President Neel Kashkari discusses whether this is “mission accomplished” on inflation and what kind of rate cuts are still coming. He also shares why one FOMC voter cast an historic dissention vote. Next, Andy Dunn, known for co-founding Bonobos, says making friends should be “as easy as calling an Uber.” He has launched a new app called Pie to help people meet new friends in real life through frequent hangouts. Plus, Speaker Johnson has offered a proposal to avoid a government shutdown , FTC Commissioner Lina Khan was on 60 Minutes, and Qualcomm is thinking of buying Intel , which would be the largest tech merger ever. Steve Kovach - 08:51 Neel Kashkari - 17:14 Andy Dunn - 29:18 In this episode: Neel Kashkari, @neelkashkari Andy Dunn, @dunn Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Sat, September 21, 2024
This bonus episode of Squawk Pod, from our partners at “The Keynote” features a mogul at the forefront of innovation in social media and tech. CEO of Snap Evan Spiegel spoke with Andrew Ross Sorkin at the Game Plan sports business summit hosted by CNBC and Boardroom on September 10th 2024. They discuss social media’s integration with sports, the future of augmented reality and what he wishes other social media companies would copy about Snapchat. To listen to other interviews from events check out “The Keynote by CNBC Events” here: https://podcasts.apple.com/us/podcast/the-keynote-by-cnbc-events/id1493248246 For information on upcoming events visit: CNBCevents.com In this episode: Evan Spiegel, @evanspiegel Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, September 20, 2024
A new shark has joined Shark Tank: Daniel Lubetzky. Years after founding Kind Snacks, Lubetzky discusses the lessons he’s sharing with entrepreneurs seeking investment and guidance. He says in his founders, he’s looking for grit, wit, and market fit. After the Fed’s 50 basis point interest rate cut , economist and Harvard Kennedy School professor Jason Furman weighs the central bank’s move alongside the economic plans from Vice President Harris and former President Trump. Plus, Nike CEO John Donahoe is being replaced by Elliott Hill in a surprise move, and at Starbucks, new CEO Brian Niccol has a more relaxed approach to hybrid work. Jason Furman - 14:36 Daniel Lubetzky - 25:10 In this episode: Daniel Lubetzky, @DanielLubetzky Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Thu, September 19, 2024
In a move that largely surprised economists, the Federal Reserve cut interest rates by half a percentage point, the first cut in four years . Former Fed Vice Chairman Roger Ferguson explains the possible reasoning behind the larger-than-expected cut. As Boeing’s strike continues , port workers on the east coast are threatening to strike as well. Transportation Secretary Pete Buttigieg weighs in on both worker plights, as well as the road ahead for electric vehicle infrastructure. The Anti-Defamation League has joined an employee’s discrimination lawsuit against Intel. CEO and National Director Jonathan Greenblatt explains how an Israeli employee who complained about anti-semitism at Intel ended up in a lower-paying job. Roger Ferguson - 4:33 Sec. Pete Buttigieg - 18:26 Jonathan Greenblatt - 32:22 In this episode: Jonathan Greenblatt, @JGreenblattADL Pete Buttigieg, @PeteButtigieg Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Wed, September 18, 2024
The House of Representatives is voting on a stopgap funding bill–but Washington expects it to fail. Speaker Mike Johnson (R-LA) discusses the voter verification legislation that he’s attached to the bill, despite limited Republican support. Actor, writer, and producer Mark Duplass is known for his roles on The Morning Show and The Mindy Project, but he’s betting on a big shift for streaming. Ahead of the launch of “Penelope,” Duplass explains his inspiration for his new series and for a new approach to the entertainment business. The EU has ruled to annul a $1.7B fine on Alphabet , and Steve Cohen is stepping further back from the trading desks at Point72, and Ozempic might be targeted for a price cut. Plus, former President Trump has vowed to “get SALT back” if reelected, despite having signed the SALT deduction cap into law during his first term. Speaker Mike Johnson - 16:02 Mark Duplass - 32:38 In this episode: Mike Johnson, @SpeakerJohnson Mark Duplass, @MarkDuplass Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Tue, September 17, 2024
Amazon is calling all employees back to the office 5 days a week, your Apple Watch can now detect sleep apnea , and TikTok is in an uphill battle in US courts. Less than 50 days until the Presidential election, former President Trump’s senior economic advisor Stephen Moore debates former campaign manager for President Obama and informal advisor to the VP Kamala Harris’ campaign Jim Messina. The two spar over economic proposals from each candidate . Plus, for an annual $40,000, you can have access to a concierge doctor like Private Medical. Founder and Chairman Dr. Jordan Shlain explains the next level of “investing” in your health. Jim Messina & Stephen Moore - 17:39 Dr. Jordan Shlain & Robert Frank - 33:25 In this episode: Jim Messina, @Messina2012 Stephen Moore, @StephenMoore Robert Frank, @robtfrank Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, September 16, 2024
After an apparent assassination attempt on former President Donald Trump ’s life, CNBC’s Eamon Javers reports on the latest details, the suspect, and the possible impact on the Presidential race. If Trump wins a second term, the campaign has tapped Cantor Fitzgerald CEO Howard Lutnick as Co-Chair of the transition team; Lutnick makes his case for Trumponomics 2.0. Today TikTok is in court , fighting to remain operational in the US. Entrepreneur Frank McCourt says he’s ready to buy TikTok , but not out of love for the platform. Plus, Apple shares slid after reports of lackluster demand for the iPhone 16 , and SpaceX successfully completed the first civilian space walk . Eamon Javers - 02:58 Howard Lutnick - 14:30 Frank McCourt - 31:09 In this episode: Eamon Javers, @eamonjavers Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, September 13, 2024
Over 30,000 Boeing employees are on strike after the workers union rejected its negotiated contract. After “China week” on Capitol Hill , Rep. Raja Krishnamoorthi (D-IL) discusses the 2 dozen China-focused bills lifted in Congress, and argues that the CCP would prefer the uncertainty and division of a second Donald Trump presidency. Companies including Tractor Supply, Molson Coors, John Deere, Lowe’s, and Ford have announced they’re rolling back Diversity, Equity, and Inclusion policies at their respective companies. Human Rights Campaign President Kelley Robinson calls the decisions shortsighted for employees and customers, and says, at least $1.4T of LGBTQ+ spending power is at stake. Plus, tech CEOs like Nvidia’s Jensen Huang went to the White House this week. Rep. Raja Krishnamoorthi - 14:34 Kelley Robinson - 21:47 In this episode: Rep. Raja Krishnamoorthi, @CongressmanRaja Kelley Robinson, @HRC_President Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, September 12, 2024
Senator and Vice Presidential Candidate JD Vance discusses former President Donald Trump’s plans for the economy, the impact of tariffs, and the urgency of immigration policy in an extended conversation. Days after the Presidential debate, Sen. Vance explains how he plans to prepare–sort of–for his own debate against Minnesota Governor and Democratic Vice Presidential Candidate Tim Walz. Best-selling author of “Moneyball” and “The Blind Side” Michael Lewis reacts to that discussion and shares takeaways from his new book on the rise and fall of Sam Bankman-Fried, “Going Infinite.” Plus, Moderna plans to launch new vaccines amid cost cutting, young bankers are putting in very long hours, and OpenAI is now eyeing an even higher valuation : over $150B. JD Vance - 14:34 Michael Lewis - 42:31 In this episode: Sen. JD Vance, @JDVance Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, September 11, 2024
CNBC’s Eamon Javers and pollster Frank Luntz help digest the fireworks of the Presidential debate between Vice President Kamala Harris and former President Donald Trump, including the big Taylor Swift endorsement that came after. On Wall Street, investors were unsurprised by the Labor Department’s August Consumer Price Index . Neuberger Berman’s Steve Eisman discusses the likelihood of a 25 basis point interest rate cut from the Federal Reserve next week. And, 23 years later, Americans come together to remember those lost in the September 11th terrorist attacks. Eamon Javers - 4:31 Frank Luntz - 15:35 Steve Eisman - 27:23 In this episode: Eamon Javers, @eamonjavers Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, September 10, 2024
China tariffs and tax reform are key topics in the 2024 election–and in the first debate between Vice President Kamala Harris and former President Donald Trump . Former SEC Chair Jay Clayton and Hayman Capital Management Founder & CIO Kyle Bass discuss America’s shifting trade politics, the case for tariffs , and which tax changes they’d like to see from the White House. Horror filmmaker Jason Blum is out with his latest fright flick this Friday. Blumhouse Productions, which brought audiences “Get Out” and “Paranormal Activity” presents a parenthood-inspired scary movie for the start of spooky season: “Speak No Evil.” Plus, Apple unveiled new iPhone AI features and a new Apple Watch at its launch event, and SpaceX will attempt the first civilian space walk in history. Jay Clayton & Kyle Bass - 16:33 Jason Blum - 29:45 In this episode: Jason Blum, @jason_blum Kyle Bass, @Jkylebass Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Mon, September 09, 2024
Vice President Kamala Harris and former President Donald Trump both agree on tax free tips for service workers. Senator Ted Cruz (R-Texas) shares his take on tax reform, including the tip economy. Bestselling author of “Sapiens” Yuval Noah Harari is out with a new book; Harari explains how we should be thinking about–and controlling–AI in “Nexus: A Brief History of Information Networks from the Stone Age to AI.” Plus, the star studded cast of “Beetlejuice Beetlejuice” jolted the box office opening weekend, Sen. Bernie Sanders (I-VT) has weighed in on the capital gains tax debate, and the markets are awaiting more economic data this week. Sen. Ted Cruz - 14:25 Yuval Noah Harari - 30:08 In this episode: Sen. Ted Cruz, @tedcruz Yuval Noah Harari, @harari_yuval Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, September 06, 2024
The most decorated American woman in Olympic history, Katie Ledecky has written a memoir, “Just Add Water.” In a special interview with Andrew Ross Sorkin, Ledecky shares details about her swimming life–including both leisurely and competitive moments in the pool. She explains what she thinks about, while swimming 1500 meters, and how she’ll prepare for the 2028 Olympic Games. Plus, CNBC’s Megan Cassella reports on the CEOs backing former President Donald Trump and Vice President Kamala Harris, but venture capitalist Ben Narasin is unhappy with both candidates running for President this year. The startup investor explains why he votes as an Independent every election. Berkshire Hathaway is selling Bank of America shares (again), Red Lobster’s hoping for a turnaround, and the August jobs report did very little to clarify the Fed’s path forward. Megan Cassella - 11:21 Ben Narasin - 12:59 Katie Ledecky - 23:04 In this episode: Ben Narasin, @BNarasin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, September 05, 2024
Investor and entrepreneur Mark Cuban discusses VP Kamala Harris’ new tax proposal: a 28% capital gains tax. Based on his conversations with the Harris campaign, Cuban explains his faith in her policy’s benefit for entrepreneurs and investors. Nvidia is denying reports that it had received a subpoena from the Department of Justice, Verizon is buying Frontier Communications in a $20B deal, and the White House is reportedly aiming to block Nippon Steel’s takeover of U.S. Steel . Plus, the co-founder of Airbnb Joe Gebbia has founded a new housing company with former CEO of Flex, Mike McNamara. The two share how their “Accessory Dwelling Units” are addressing the housing crisis in California, and how the small installable homes are offering more space and income for owners. Robert Frank - 11:41 Mark Cuban - 17:41 Joe Gebbia & Mike McNamara - 39:17 In this episode: Mark Cuban, @mcuban Robert Frank, @robtfrank Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, September 04, 2024
The Department of Justice has issued a subpoena to Nvidia over antitrust practices; shares of the chipmaking giant fell 9% in the session, losing more than any company ever has in a single trading day: $279 billion. Democrat and Harris Campaign surrogate Rep. Ro Khanna (D-CA) discusses ideas to reform the U.S. tax code, including taxing loans related to unrealized gains . Rep. Khanna’s district includes Silicon Valley, its trillions of value to the American economy, and their many wealthy leaders. Elon Musk’s fight with Brazil continues, as does the contractual dispute between DirecTV and Disney , keeping many customers in the dark. Plus, the U.S. Open is underway in New York. Tennis coach for Coco Gauff Brad Gilbert steps off the court to cheer the many Americans in this year’s tournament–and to discuss the ever-rising costs of the iconic Honey Deuce cocktail. Rep. Ro Khanna - 14:08 Brad Gilbert - 27:18 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, September 03, 2024
Over the weekend, Hamas killed 6 hostages in Rafah, heightening the pressure on Prime Minister Netanyahu and escalating the Middle East conflict . “The Genius of Israel” author Dan Senor explains the politics inside and outside of Israel in the aftermath of the murders. L’Attitude founder Sol Trujillo once advised Presidents Bush & Clinton on trade issues; he’s now advocating for a better system at the U.S. border. A registered Republican, Trujillo argues that America needs workers, and a smarter, more efficient border will help immigrants and the U.S. economy. Plus, hotel workers are on strike, Elon Musk is still fighting with Brazil , and DirecTV customers are without Disney channels like ESPN and ABC after a contract dispute. Dan Senor 14:48 Sol Trujillo 25:26 In this episode: Dan Senor, @dansenor Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Fri, August 30, 2024
Heading into Labor Day Weekend, The Points Guy Brian Kelly explains generational travel trends and airport efficiency. Plus, cases of mosquito-borne viruses are ticking up in the US. Former FDA Commissioner Dr. Scott Gottlieb discusses late summer safety. Dr. Gottlieb is also calling for regulations to ensure safety in medical labs and prevent another pandemic from breaking out. Brian Kelly - 02:31 Dr. Scott Gottlieb - 11:05 In this episode: Leslie Picker, @LesliePicker Mike Santoli, @michaelsantoli Brian Sullivan, @SullyCNBC Katie Kramer, @Kramer_Katie
Thu, August 29, 2024
Nvidia reported surging demand for its chips, but after much anticipation around the company’s Q2 report, Wall Street was unimpressed. Semiconductors are part of America’s strategy for tech dominance; the White House’s former CHIPS Coordinator Ronnie Chatterji explains the players in the global chips game. OpenAI is eyeing a funding raise to bring its valuation to $100 billion, and Berkshire Hathaway is now in the $1 trillion club . Plus, CNBC’s Emily Wilkins is on the ground in Virginia, where federal employees are concerned about former President Trump’s proposal to move the workforce away from the DC-metro area. Ronnie Chatterji 17:25 Emily Wilkins 25:39 In this episode: Becky Quick, @BeckyQuick Mike Santoli, @michaelsantoli Robert Frank, @robtfrank Katie Kramer, @Kramer_Katie
Wed, August 28, 2024
NFL owners have voted to allow private equity firms to invest at up to 10% of a team stake. Robert Kraft, owner of the New England Patriots, explains the long-deliberated move for the sport, and what it means for fans and players. Former National Economic Council deputy director Bharat Ramamurti once advised Sen. Elizabeth Warren (D-MA) and now advises the Harris-Walz campaign on economic issues. He discusses VP Harris’ latest “opportunity and accountability” pitch: changes to the tax code . Plus, Warren Buffett is selling more of Berkshire Hathaway’s Bank of America shares , and hotel prices are moving higher and higher . Robert Kraft 13:57 Bharat Ramamurti 24:47 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Tue, August 27, 2024
Edgar Bronfman has dropped his bid for Paramount Global , clearing the way for a merger with Skydance. Media watcher Rich Greenfield explains that the hardest part is ahead for the legacy entertainment company and its new owner, billionaire David Ellison. CNBC’s Steve Kovach explains Apple’s c-suite reshuffling after the company announced its CFO will change roles in January. Mark Zuckerberg has spoken out in a letter airing frustration with the Biden administration over Covid-19 content on Meta’s platforms. Plus, we dive into space with NASA astronaut and Columbia professor Mike Massimino. SpaceX has postponed the first civilian spacewalk after a helium leak was detected on the Polaris craft. In February of 2025, the company will ferry two astronauts home after an eight day trip to the International Space Station turned into 8 months. Massimino describes how space travel safety has evolved in the past decade. Steve Kovach 3:08 Rich Greenfield 15:05 Mike Massimino 21:24 In this episode: Rich Greenfield, @RichLightShed Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Mon, August 26, 2024
Former Presidential candidate Vivek Ramaswamy is now a surrogate for the Trump campaign. 70 days before the election, Ramaswamy takes on Democratic nominee Harris’ economic agenda, and calls for her to give an unscripted interview to mainstream media. Ahead of Labor Day, GasBuddy’s head of petroleum analysis Patrick de Haan says fuel prices will likely stay low and get lower by the weekend, in many states below $3 per gallon. Federal Reserve Chair Jay Powell clearly signaled an interest rate cut in 2024, and Kroger and Albertsons are going to court to defend their merger, under FTC scrutiny. Plus, Elon Musk’s SpaceX might step in to help astronauts stranded by Boeing’s Starliner . Vivek Ramaswamy 16:31 Patrick de Haan 31:22 In this episode: Vivek Ramaswamy, @VivekGRamaswamy Leslie Picker, @LesliePicker Mike Santoli, @michaelsantoli Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Fri, August 23, 2024
After the Democratic National Convention’s final night, Senator Elizabeth Warren (D-MA) defends Democratic Presidential Nominee Kamala Harris’ economic plan in a lively debate. CNBC’s Megan Cassella recaps the evening–and the week–of joy from Democrats convening in Chicago. Plus, after lunch spot chain Cava reported healthy quarterly results , CEO and co-founder Brett Schulman shares his plans for fast casual Mediterranean food and his strategy for keeping prices reasonable for consumers. Sen. Elizabeth Warren - 15:11 Brett Schulman - 38:08 In this episode: Sen. Elizabeth Warren, @SenWarren Megan Cassella, @mmcassella Kelly Evans, @KellyCNBC Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Thu, August 22, 2024
The third night of the Democratic National Convention in Chicago featured speeches from Minnesota Governor Tim Walz , former President Bill Clinton, Oprah Winfrey, Mindy Kaling, plus performances from Stevie Wonder and John Legend. Megan Cassella recaps the energetic evening on the ground in Chicago. Kamala Harris’ former chief economic advisor Mike Pyle discusses the campaign’s policy specifics so far, including corporate tax rates and a price gouging crackdown. CNBC’s Robert Frank breaks down Vice President Harris’ plans for taxing capital gains and unrealized gains. Plus, Peloton is still spinning along despite a slowdown in demand, Disney is searching for a Bob Iger successor, and Microsoft’s controversial AI Recall feature is coming soon to testers. Megan Cassella 19:17 Mike Pyle 22:46 Robert Frank In this episode: Megan Cassella, @mmcassella Robert Frank, @robtfrank Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Wed, August 21, 2024
Target has reported a strong second quarter . CEO Brian Cornell shares the results, what he’s seeing from inflation-squeezed shoppers, and his perspective on corporate tax rates. After the second night of the DNC , Rep. Josh Gottheimer (D-NJ) discusses the overall sentiment of the event, highlighting the speakers’ focus on hope and unity throughout their remarks. CNBC’s Megan Cassella wraps up the highlights from night two, like a special appearance from Lil Jon and speeches from both Michelle Obama and former President Barack Obama. Plus, a federal judge struck down the FTC’s attempt to ban non-competes , and the Labor Department is revising down the jobs number . Brian Cornell - 11:19 Megan Cassella - 23:07 Rep. Josh Gottheimer - 28:09 In this episode: Rep Josh Gottheimer, @RepJoshG Megan Cassella, @mmcassella Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Tue, August 20, 2024
The 2024 Democratic National Convention is underway in Chicago. CNBC's Megan Cassella breaks down the first night's key moments, including speeches from President Biden and UAW President Shawn Fain. House Minority Leader Hakeem Jeffries (D-N.Y.) discusses Vice President Harris' economic agenda including her proposal to raise the corporate tax rate to 28%. Meanwhile, the U.S. Open kicks off in just under a week; USTA CEO Lew Sherr previews the action and underscores the rising fandom of tennis in recent years. Plus, Boeing has halted testing of its 777X aircraft after a production snag, and California Governor Gavin Newsom has signed 10 new bills into law, aiming to combat retail crime . Megan Cassella - 04:10 Gabrielle Fonrouge - 12:04 Rep. Hakeem Jeffries - 18:02 Lew Sherr - 31:20 In this episode: Megan Cassella, @mmcassella Gabrielle Fonrouge, @FonrougeGab Hakeem Jeffries, @RepJeffries Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Mon, August 19, 2024
In the latest chapter of a volatile month for equities, the S&P rallied nearly 4% for its best week since 2023. High prices for basics like eggs are still squeezing consumers, though, and Vice President Kamala Harris has begun to hint at her economic agenda , including federal action to prevent price gouging. She will formally accept the Democratic nomination for President at the Democratic National Convention kicking off Monday in Chicago. Stephen Moore, economic advisor for the Republican nominee Donald Trump, offers his perspective on VP Harris’ plans, while Groundwork Collaborative’s Lindsay Owens defends the strategy as commonsense. Plus, mpox cases and deaths are rising in the Democratic Republic of the Congo, and the Philippines has detected its first case . Former FDA Commissioner Dr. Scott Gottlieb explains the history of the virus, the treatments for it, and new information on how it spreads. Lindsay Owens & Stephen Moore 18:30 Dr. Scott Gottlieb 33:02 In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Joe Kernen, @JoeSquawk Kelly Evans, @KellyCNBC Mike Santoli, @michaelsantoli Katie Kramer, @Kramer_Katie
Fri, August 16, 2024
Real estate agent commission rules change on Saturday, after the National Association of Realtors’ landmark $418m settlement in March. CNBC’s Diana Olick explains the shift underway for the real estate industry , and Re/Max President Amy Lessinger discusses the contracts and negotiations worked into every property transaction before and after this change. In DC, CNBC’s Emily Wilkins reports on the crypto community’s support for Vice President Harris in her Presidential bid. In the EU, Epic Games is launching a new store on mobile devices in direct competition with Apple’s App Store. CNBC’s Steve Kovach explains the power play between the two companies and the legal case to protect consumers, both in Europe and in the U.S. Paramount Global has a new suitor (again); in the latest chapter of the company’s messy merger , media executive Edgar Bronfman is readying a bid. Plus, the FDA may make a regulatory move on sodium, and former President Trump has released his latest financial disclosure , revealing crypto holdings and a branded Bible-driven income. Amy Lessinger - 14:57 Emily Wilkins - 22:10 Steve Kovach - 26:30 In this episode: Diana Olick, @DianaOlick Emily Wilkins, @emrwilkins Melissa Lee, @melissaleecnbc Steve Liesman, @steveliesman Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, August 15, 2024
For the first time, the US government has negotiated down drug prices for ten of Medicare’s most expensive prescriptions. CNBC’s Bertha Coombs reports on the health care shift, and Centers for Medicare and Medicaid Services (CMS) Administrator Chiquita Brooks-LaSure explains the implications for drugmakers and patients. After the White House held its first “influencer summit,” social media expert Gary Vaynerchuk (known by his millions of followers as Gary Vee) explains the untapped value of content creators for brands and for politicians. Plus, months after protests at Columbia University captured national headlines, Columbia’s president has resigned . Bertha Coombs - 11:10 Chiquita Brooks-LaSure - 13:55 Gary Vaynerchuk - 21:02 In this episode: Chiquita Brooks-LaSure, @BrooksLaSureCMS Bertha Coombs, @berthacoombs Gary Vaynerchuk, @garyvee Kelly Evans, @KellyCNBC Mike Santoli, @michaelsantoli Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Bonus · Thu, August 15, 2024
“The Crimes of Putin’s Trader,” hosted and reported by CNBC Senior Washington Correspondent Eamon Javers, explores the secret life of a young Russian oligarch, Vladislav Klyushin, who generated an illicit $93 million through insider corruption adding to his already massive fortune, and his Moscow-based cyber security firm that doubled as a front for hacking-driven insider trading on Wall Street. The podcast reveals real-time details of Klyushin and his employees in action, financial information they stole, companies they invested in, and millions of dollars in profits taken through illegal trades in the stock of prominent American companies as well as the private communications between the conspirators. Featuring exclusive interviews with the FBI investigators and Department of Justice prosecutors who led the investigation and a former Russian spy, Javers takes listeners inside the shocking Russian crime that is targeting the U.S. economy, with profound implications for anyone who has retirement accounts, investments, or works in corporate America.
Wed, August 14, 2024
FiveThirtyEight founder and political prognosticator Nate Silver is out with a new book, “On the Edge: The Art of Risking Everything.” Silver discusses the margin for error in 2024 Presidential election polling , as well as the art of risk and betting on everything, from sports to elections. On the 89th anniversary of Social Security, CNBC’s Sharon Epperson reports that 69% of the Americans polled by CNBC ranked social security a top issue in deciding their votes in the election, and over 70% of adults polled were concerned about the program running out. Social Security Administration Commissioner Martin O’Malley explains the program’s longevity and proposed reform. Plus, the Department of Justice is considering pursuing a breakup of Google parent Alphabet, and activist investor Elliott Management is gearing up for a proxy fight at Southwest Airlines. Sharon Epperson - 11:46 Martin O’Malley - 15:39 Nate Silver - 25:30 In this episode: Nate Silver, @NateSilver538 Sharon Epperson, @Sharon_Epperson Melissa Lee, @melissaleecnbc Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, August 13, 2024
Starbucks' lead independent director Mellody Hobson on the coffee giant’s stunning decision to replace CEO Laxman Narashimhan with Chipotle’s leader Brian Niccol . In this newsmaking interview, Hobson describes the tough decisions taken by the company’s board and the opportunities ahead . Fanatics CEO Michael Rubin on the upcoming Fanatics Fest live event for sports fans. Plus, Former President Trump returns to social media platform, X, in a live “Spaces” with Elon Musk … the potential deficit bubble from eliminating taxes on tips … and the expectations for Vice President Harris’ economic plan. Mellody Hobson - 22:19 Michael Rubin - 33:56 Robert Frank, @robtfrank Melissa Lee, @melissaleecnbc Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, August 12, 2024
Pressure is intensifying on Warner Bros. Discovery CEO David Zaslav to deliver shareholder value after taking a $9.1 billion impairment charge on the decline of its TV business. Puck’s Matt Belloni explores the state of legacy media, Warner Bros. Discovery’s crucial carriage fee negotiations with Comcast, and the future of streaming. Meanwhile, Democratic Presidential Nominee Kamala Harris is set to unveil her policy plans this week. Vivek Ramaswamy, former Republican presidential candidate and co-founder of Strive Asset Management, weighs in on the 2024 election and what the economy might look like under Harris versus Trump. Plus, The Wall Street Journal reports that activist investor Starboard Value has acquired a stake in Starbucks and is pushing for actions to boost the stock price, and Deadpool and Wolverine hits a billion dollars at the box office. Matt Belloni - 17:53 Vivek Ramaswamy - 28:19 Vivek Ramaswamy, @vivekramaswamy Matt Belloni, @mattbelloni Kelly Evans, @kellyCNBC Michael Santoli, @michaelsantoli Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, August 09, 2024
With just 88 days left until the presidential election, both the Harris and Trump campaigns are shoring up support on Wall Street. Lydia Moynihan of the New York Post shares what she’s hearing among financiers, including their opinions of both candidates and their perception of VP Harris’ approach to regulation . Former President Donald Trump wants a say in the Fed’s interest rate decisions, and CNBC’s Steve Liesman shares new data on the health of the American consumer. Plus, CNBC’s Carl Quintanilla is in Paris with the National Women’s Soccer League Commissioner Jessica Berman. They delve into the impressive performance of Team USA's women's soccer at the 2024 Olympics and discuss the broader implications for the sport's popularity and the NWSL's expansion. Catch the Olympic women’s soccer final between Team USA and Team Brazil tomorrow on Peacock and NBC . Lydia Moynihan 15:49 Jessica Berman 25:43 In this episode: Lydia Moynihan, @LJMoynihan Steve Liesman, @steveliesman Jessica Berman, @JessicaBerman1 Carl Quintanilla, @CarlQuintanilla Melissa Lee, @melissaleecnbc Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, August 08, 2024
Richard Haass, President Emeritus of the Council on Foreign Relations and Senior Counselor at Centerview Partners, discusses the escalating tensions in the Middle East, critical geopolitical hotspots, and support for Israeli Prime Minister Netanyahu. Former FDA Commissioner Dr. Scott Gottlieb is zeroing in on the opioid crisis; fentanyl claiming over 80,000 American lives each year, and he’s urging the U.S. to disrupt the fentanyl trade. Plus, the Financial Times is reporting a secret deal between Google and Meta aimed to target Instagram advertisements at teenagers, and Taylor Swift has canceled her Vienna shows after authorities suspected a plotted attack. Dr. Scott Gottlieb - 14:20 Richard Haass - 22:47 In this episode: Richard Haass, @RichardHaass Scott Gottlieb, @ScottGottliebMD Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, August 07, 2024
Maryland Governor Wes Moore, a surrogate for Kamala Harris’ Presidential campaign, discusses Governor Tim Walz’s appeal to voters in swing states like North Carolina. A Wall Streeter turned nonprofit CEO turned governor, Moore explains what the Harris-Walz ticket means for the business community. Disney is raising prices for its streaming services; Disney CFO Hugh Johnston shares the company’s latest quarterly earnings and his vision for the entertainment industry. Plus, X is suing advertisers , and the markets are recuperating from a very volatile few sessions. Hugh Johnston - 17:40 Gov. Wes Moore - 29:16 In this episode: Gov. Wes Moore, @GovWesMoore Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Tue, August 06, 2024
As the market rebounds from its sell-off, the Nikkei 225 posts its best day since October 2008 . A federal U.S. judge ruled that Google has illegally held a monopoly . Former SEC Chair Jay Clayton discusses the Google antitrust ruling, the recent market sell-off, and the Fed’s interest rate decision. Nassim Taleb, Universa Investments' distinguished scientific advisor and author of ‘The Black Swan,’ weighs in on market volatility, the Fed’s inflation fight, and bitcoin’s volatility . Plus, Vice President Kamala Harris officially secured the Democratic Party’s nomination for President and has selected Minnesota Governor Tim Walz to be her running mate. CNBC's Megan Cassella explains the calculated choice between Gov. Walz and Pennsylvania Gov. Shapiro for the Democratic ticket. Megan Cassella - 11:00 Nassim Taleb - 18:09 Jay Clayton - 32:34 In this episode: Megan Cassella, @mmcassella Nassim Taleb, @nntaleb Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Mon, August 05, 2024
U.S. stocks take a significant hit , mirroring a worldwide market downturn driven by fears of an impending U.S. recession. Part of the global market sell-off, Japan's Nikkei 225 experienced a dramatic plunge , marking its steepest drop since 1987. Tom Lee, managing partner and head of research at Fundstrat Global Advisors, offers insights into the latest market moves and the broader implications of the sell-off on the Federal Reserve’s interest rate decisions. Then, Jeremy Siegel, professor emeritus of finance at the University of Pennsylvania’s Wharton School of Business and chief economist at Wisdom Tree, is calling for emergency rate cuts from the Fed. And Axios co-founder Mike Allen gives an analysis of the 2024 election and the potential impact of Vice President Kamala Harris’ upcoming vice-presidential pick . Plus, Warren Buffett dropped over 49% of Berkshire Hathaway’s stake in Apple . Tom Lee - 12:15 Jeremy Siegel - 23:14 Mike Allen - 35:27 Tom Lee, @fundstrat Mike Allen, @mikeallen Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, August 02, 2024
Ralph Lauren has outfitted Team USA for nine consecutive Olympics and Paralympics since 2008, designing uniforms for the opening and closing ceremonies. Andrew Ross Sorkin sits down with Ralph Lauren CEO Patrice Louvet to discuss the company’s Olympics 2024 exposure, consumer trends, demand in China, and sports portfolio expansion. Lifestyle and social media maven Martha Stewart what she’s eating (and wearing) at the games, her Paris plans with Snoop Dogg , and the business behind her brand–marijuana and all . Plus, what’s behind this week’s global sell off, including tech Q2 results and the Fed’s latest signal. Patrice Louvet - 04:40 Martha Stewart - 18:53 In this episode: Martha Stewart, @MarthaStewart Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, August 02, 2024
In a rare and exclusive interview, LVMH Chairman & CEO Bernard Arnault sits down with Andrew Ross Sorkin in Christian Dior’s original drawing room in Paris. LVMH is the premium sponsor of the 2024 Olympic Games , and the conglomerate’s products are everywhere: the medals, the trunks carrying the medals, the uniforms, even the champagne being served. Arnault discusses his company’s long history, its importance to France, and why the sponsorship was so important for his brand. Plus, Arnault discusses the state of luxury and consumer tastes…and his ideas for collaboration with Elon Musk. Watch LVMH’s Team France uniforms–and the LVMH medals–on Peacock and NBC, when you watch any of the Olympic games. Bernard Arnault 6:07 In this episode: Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, August 01, 2024
Women at the 2024 Olympics are celebrating their moment. Four-time gold medalist Serena Williams says technology and social media have changed the game for female athletes that have been outperforming for years. One such social media star is rugby Olympian Ilona Maher , who shares her career goals in the wake of her team’s bronze medal win. Retired gymnast and Olympic gold medalist Aly Raisman discusses the pressure in the arenas, whether she’s competing or cheering on her teammate, Simone Biles. Plus, Athleta CEO Chris Blakeslee explains the brand’s “Power of She” campaign, which celebrates women’s strength in sports–and capitalizes on their success. Catch all the Olympics events on Peacock and NBC ! Serena Williams - 02:59 Ilona Maher - 06:27 Aly Raisman - 11:35 Chris Blakeslee - 20:04 In this episode: Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, July 31, 2024
This year, the Olympics have reached gender parity, according to the International Olympic Committee. Venture capitalist Alexis Ohanian, 776 founder and Reddit co-founder and former executive chairman, discusses his long-held belief in the business opportunity of women’s sports, as well as Athlos, his new womens-only track meet with the sport’s largest prize purse. He says, social media is an important ingredient in the rise of female athlete popularity. For Snap CEO Evan Spiegel, social media is key for the Olympics, too; Snap’s augmented reality lens is available through the official Olympics app, for fans in Paris for the Games. Spiegel discusses prospects for the LA 2028 Olympics, and his vision for a future of lenses, instead of screens. Tune into the Olympics on NBC for all the Games! Alexis Ohanian - 4:26 Evan Spiegel - 17:06 In this episode: Alexis Ohanian, @alexisohanian Evan Spiegel, @evanspiegel Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, July 31, 2024
Paris 2024 is NBCUniversal’s 18th Olympics. Brian Roberts, Comcast Chairman and CEO, and Michael Cavanagh, Comcast President, discuss the company’s broadcasting rights to the Olympic Games, state of the media landscape, NBC’s NBA rights deal, and their outlook for media and sports. Joe Kernen, Becky Quick, and Andrew Ross Sorkin then look ahead to the 2028 Summer Olympics in LA with Casey Wasserman, chairman of LA 2028, the company organizing the upcoming Los Angeles games. He shares what he’s learned from France’s organization and how he’ll allocate his nearly $7B budget. Plus, en garde! The Squawk team swaps mics for sabers, taking a swing at fencing with the help of Olympians Miles Chamley-Watson and Maia Chamberlain. Catch all the Olympics events on Peacock and NBC . Brian Roberts & Michael Cavanagh - 22:51 Casey Wasserman - 14:02 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Tue, July 30, 2024
At the Olympics in Paris , Joe Kernen, Becky Quick, and Andrew Ross Sorkin sit down with Gold medalist Olympic sprinter Michael Johnson. The legendary runner is pushing his sport forward with Grand Slam Track, designed to increase exposure and salary for athletes in track and field. 1992 Olympic champion swimmer Summer Sanders is helping athletes leverage their training for success after sports with Team USA Partner Guild. She reflects on the mental fortitude needed for a post-gold transition, as well as the many translatable skills from athletics to the workplace. NBC’s Willie Geist swings by the Squawk set for an update on the most-watched games and viral moments so far. Tune into the Olympics on NBC for all the Games! Plus, today’s other headlines: Delta is managing the fallout from its major software outage, and Apple’s new AI features could help you with car sickness. Willie Geist - 11:30 Summer Sanders - 22:44 Michael Johnson - 26:24 In this episode: Summer Sanders, @SummerSanders_ Michael Johnson, @MJGold Willie Geist, @WillieGeist Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Mon, July 29, 2024
The Olympic Games are underway, and Joe Kernen, Becky Quick, and Andrew Ross Sorkin are catching up with business and sports leaders who are in Paris for the spectacle, as well as NBC’s Sam Brock, who has the latest gold medal count. European Central Bank president Christine Lagarde is also in Paris, as both a global leader and a former competitive artistic swimmer. She shares how her sports background informs her career in finance and leadership. 23-time Olympic gold medalist Michael Phelps reacts to America’s win in the 4x100 mens’ freestyle relay and explains his health and rest routines. Plus, businesswoman Michele Kang owns three women’s soccer teams and has launched Kynisca, a global multi-team women’s sports organization. She discusses her investments in sport, and her push for more women’s sports exposure and research. Tune into the Olympics on NBC for all the Games! Sam Brock - 06:26 Christine Lagarde - 18:55 Michele Kang - 35:09 In this episode: Michael Phelps, @MichaelPhelps Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, July 26, 2024
On the ground in Paris for the Olympics , Andrew Ross Sorkin gets a head start on interviews with the Games attendees, hours before the opening ceremonies on the Seine. Joe Kernen and Becky Quick, in New York until their trips to Paris over the weekend, discuss France’s millions of Olympics visitors and security concerns as the city fills up . Already there is Airbnb CEO Brian Chesky, who says hundreds of thousands of those visitors booked stays through his platform–including one lucky couple staying in the Musée d’Orsay. Also settled for the Games: IAC chairman Barry Diller. The media mogul and Democratic donor discusses why he stopped supporting President Biden’s reelection campaign and why he has full faith in Vice President Kamala Harris. Plus, a veteran media executive, Diller explains why he is no longer vying for Paramount Global . Tune into the Olympics on NBC for the opening ceremonies and all the Games! Barry Diller - 05:48 Brian Chesky - 25:43 In this episode: Brian Chesky, @bchesky Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, July 25, 2024
After the Nasdaq’s worst day in two years, Nasdaq CEO Adena Friedman discusses weathering market “adventures” and the slowly warming IPO market . If all the volatility has you stressed, CNBC’s Sharon Epperson has you covered with advice from financial therapists. Southwest Airlines is making its biggest change in company history. CNBC’s Phil LeBeau reports on the carrier’s new venture into assigned seats and extra legroom , after years of a consistent business strategy. Plus, Chipotle will re-coach staff on portion sizes after much online burrito bowl debate, and Change Research Lead Analyst Betsy App has new polling from voters re-energized by a changed Democratic ticket. Phil LeBeau - 10:54 Betsy App - 19:44 Adena Friedman - 27:29 Sharon Epperson - 35:00 In this episode: Sharon Epperson, @Sharon_Epperson Phil LeBeau, @Lebeaucarnews Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Wed, July 24, 2024
Israeli Prime Minister Benjamin Netanyahu is headed to Congress today. “The Genius of Israel” co-author Dan Senor discusses the geopolitics at play in the leader's US visit, as well as the politics of who’s attending the speech . In the aftermath of the largest IT outage in history, Rand senior analyst Jonathan Welburn is asking whether CrowdStrike–and other big tech firms–are too big to fail. Plus, Alphabet’s YouTube ad revenue came up short in the latest quarter, Visa reported a rare miss on revenues , Elon Musk is denying a report that he’d be donating $45m a month to former President Trump’s election campaign, and the Biden administration scored a tentative win in its efforts to ban non-competes . Dan Senor - 13:39 Jonathan Welburn - 25:53 In this episode: Dan Senor, @dansenor Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Tue, July 23, 2024
Vice President Kamala Harris appears to have won the backing of enough Democratic delegates for the nomination. PIMCO’s Head of US Public Policy Libby Cantrill explains what Harris’s endorsements mean for investors . Movie theater chain AMC has reached a debt refinancing deal , and CEO Adam Aron explains the deal, as well as the box office pipeline and keeping up the Taylor Swift Eras Tour momentum. Plus, Delta is still struggling to recover from the IT outage of last week, and Warner Bros. Discovery is making its pitch for NBA rights. Libby Cantrill 12:45 Adam Aron 22:58 In this episode: Adam Aron, @CEOAdam Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, July 22, 2024
After President Biden ended his re-election bid , he endorsed Vice President Kamala Harris . CNBC’s Eamon Javers reports on VP Harris’s spike in donations over the weekend, as well as the road toward the Democratic National Convention in August. While some Democrats have already endorsed VP Harris, former President Barack Obama and former Speaker Nancy Pelosi have not, which leaves the door open for other candidates vying for the nomination. Axios’s Mike Allen explains the other candidates who could come forward. Venture capitalist Vinod Khosla is an independent who hosted a Biden fundraiser in May; today, he’s calling for an open convention, but will support VP Harris if she wins the nomination. For Khosla, values are at stake this election, and more important than economic issues. Plus, Warren Buffett’s Berkshire Hathaway has sold $1.5B worth of Bank of America stock, and Delta is still recovering from the largest IT outage in history . Eamon Javers 2:07 Mike Allen 16:30 Vinod Khosla 29:57 In this episode: Vinod Khosla, @vkhosla Mike Allen, @mikeallen Eamon Javers, @eamonjavers Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, July 19, 2024
One of the largest IT outages in history started with a software update from cyber security firm Crowdstrike . Around the world, hospitals, businesses, news networks (including NBC) were affected when the update rolled out and crashed Microsoft Windows. CNBC’s Phil LeBeau reports from the airport in Wales, where many flights were grounded as airlines grappled with the outage. CNBC’s Steve Kovach explains how one company’s mistake can bring down millions of systems, and Wedbush analyst Dan Ives explains what’s next for the tech sector. The other headline this Friday: Donald Trump has accepted the Republican nomination for President for the third time. CNBC’s Eamon Javers reports from the Republican National Convention on the increasing pressure on President Biden , and pollster Frank Luntz explains the mixed reactions to Donald Trump’s 93 minute speech . Phil LeBeau 4:24 Eamon Javers 6:01 Steve Kovach 14:02 Dan Ives 20:13 Frank Luntz 29:07 In this episode: Dan Ives, @DivesTech Frank Luntz, @FrankLuntz Eamon Javers, @eamonjavers Phil LeBeau, @Lebeaucarnews Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, July 18, 2024
JD Vance made his first speech as Donald Trump’s VP pick at the Republican National Convention; CNBC’s Eamon Javers reports on Senator Vance’s reception at the RNC in Milwaukee, and former SEC Chair Jay Clayton explains how Vance’s new economic conservatism works–or doesn’t work–with the Republican preference for Reaganomics. Meanwhile, President Joe Biden has tested positive for Covid-19, but he’s still campaigning. Plus, ChatGPT scored a 98% on a medical exam that most first year residents score a 70% on. Former FDA Commissioner Dr. Scott Gottlieb says, some AI LLMs are good at providing differential diagnoses when presented with detailed lab results. Eamon Javers - 07:30 Jay Clayton - 16:56 Dr. Scott Gottlieb - 31:04 In this episode: Eamon Javers, @eamonjavers Scott Gottlieb, @ScottGottliebMD Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, July 17, 2024
Silicon Valley support is growing for Donald Trump ; Marc Andreessen, Ben Horowitz, Peter Thiel, and Elon Musk have each endorsed the Republican nominee, and The Information founder Jessica Lessin says, it might be part of a more widespread shift in tech. Plus, former President Trump is floating ideas for possible cabinet members (like Jamie Dimon for Treasury Secretary), and he’s weighing the risk of dismissing Fed Chair Jay Powell before the end of Powell’s term. One of Powell’s former colleagues, former Boston Fed President Eric Rosengren, discusses the difference between both candidates’ rhetoric and policy, as well as what it means for monetary policy. Plus, President Biden is weighing a Supreme Court overhaul , Elon Musk is moving SpaceX HQ to Texas, and Spirit Airlines is under pressure . Jessica Lessin - 16:37 Eric Rosengren - 27:24 In this episode: Jessica Lessin, @Jessicalessin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, July 16, 2024
Republican Nominee Donald Trump has named his pick for VP: Ohio Senator JD Vance . It’s a pivotal choice for the GOP, reports CNBC’s Eamon Javers, who is in Milwaukee for the Republican National Convention. Vance represents a new era for the conservative party, one of populist economics . Oren Cass, executive director of populist thinktank American Compass, is one of the movement’s leaders; Cass explains his conservative economics and the symbolism of JD Vance on the 2024 Republican ticket. Venture capitalist Bradley Tusk explains how populism plays out on social media, as well as the role of internet rhetoric in today’s political climate. Plus, Elon Musk has made an endorsement –but Teamsters has not. And Fed Chair Jay Powell is still aiming for a 2% inflation rate , but it’s complicated. Eamon Javers - 13:53 Oren Cass - 16:46 Bradley Tusk - 24:55 In this episode: Oren Cass, @oren_cass Eamon Javers, @eamonjavers Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, July 15, 2024
The GOP kicks off the Republican National Convention today in Milwaukee, days after the attempted assassination of former President Donald Trump . CNBC’s Eamon Javers reports on the security at the RNC and the latest information on the 20-year-old gunman. Republican Pennsylvania Senate Candidate David McCormick was in the front row of the Butler, PA campaign rally; he recounts the confused moments of the shooting and highlights America’s polarized political rhetoric as a factor in the violence. On both sides of the aisle, lawmakers are calling for civility and peace in a highly charged political environment. After President Biden’s Oval Office address , Biden Campaign co-chair Senator Chris Coons (D-Del.) condemns violence and hostile speech. Eamon Javers - 2:11 David McCormick - 13:29 Sen. Chris Coons - 29:51 In this episode: Eamon Javers, @eamonjavers David McCormick, @DaveMcCormickPA Chris Coons, @ChrisCoons Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, July 12, 2024
If inflation numbers are improving , the Federal Reserve should be ready to cut interest rates–maybe. Wall Street Journal Chief Economics Correspondent Nick Timiraos, known as the ‘Fed whisperer,’ explains the Fed’s rate cut calculus , including inflation metrics and changes in the labor market. CNBC’s Megan Cassella reports on Capitol Hill’s reaction to President Biden’s rare, unscripted press conference, and EU regulators are taking aim at Elon Musk’s X platform. Plus, the Paris Olympics are just weeks away! Washington University in St. Louis Sports Business Director Patrick Rishe says Americans are ready to bet on everything, from gymnastics to basketball. Megan Cassella - 7:37 Nick Timiraos - 15:20 Patrick Rishe - 25:15 In this episode: Nick Timiraos, @NickTimiraos Megan Cassella, @mmcassella Melissa Lee, @MelissaLeeCNBC Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Thu, July 11, 2024
Inflation slowed in June! The Labor Department released its monthly consumer price index , a measure of costs of goods and services and a key metric for the Federal Reserve. Two economists, Wendy Edelberg of Brookings and Joe Lavorgna of SMBC Nikko Securities America, discuss what the better-than-expected numbers mean for the Fed’s next interest rate cut. Head of Bank of America Institute Liz Everett Krisberg shares Bank of America’s latest consumer checkpoint, which reveals a softening in credit card spending. Plus, it’s a pivotal week for Democrats, whether they’re supporting President Biden’s bid for a second term, or not. Consistent backer Senator John Fetterman (D-Pennsylvania) discusses division in his party, as well as the Biden 2024 campaign. Plus, Apple reached a deal with EU regulators on its mobile payments network, and North American demand for Pepsi products has slowed down. Sen. John Fetterman - 15:41 Liz Everett Krisberg - 28:25 Wendy Edelberg & Joe Lavorgna - 35:43 In this episode: Sen. John Fetterman, @SenFettermanPA Kelly Evans, @KellyCNBC Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Wed, July 10, 2024
In the AI arms race, some tech giants are teaming up: OpenAI is training on servers that Microsoft rents from Oracle , but Elon Musk is going at it alone. Founder and editor-in-chief of The Information Jessica Lessin explains the strange bedfellows in AI. CNBC’s Emily Wilkins reports on the latest fault lines in the Democratic Party , and Politico’s Politics Bureau Chief Jonathan Martin discusses the many variables deciding President Biden’s next step in the 2024 race. Plus, Amazon is out with its latest processor , venture capital firm Andreessen Horowitz is angling for more AI deals, and CNBC’s Sharon Epperson explains how retirement planning differs between Gen X, millennials, and Gen Z. Jonathan Martin - 22:16 Jessica Lessin - 30:47 In this episode: Jonathan Martin, @jmart Jessica Lessin, @Jessicalessin Emily Wilkins, @emrwilkins Melissa Lee, @MelissaLeeCNBC Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Tue, July 09, 2024
Senator Tim Scott (R-South Carolina) is in the running for Donald Trump’s VP ; he discusses the 2024 Presidential race and the GOP’s strategy while Democrats and President Biden stay in mainstream headlines. In DC, CNBC’s Emily Wilkins reports on the ongoing debates within the Democratic Party . After Hurricane Beryl made landfall in Texas , millions were without power and three had died. Plus, Athletic Brewing is the top non-alcoholic beer in the country. Co-founder and CEO Bill Shufelt explains the cultural wave of sober-curious drinkers. Sen. Tim Scott 15:11 Bill Shufelt 27:15 In this episode: Emily Wilkins, @emrwilkins Tim Scott, @SenatorTimScott Melissa Lee, @MelissaLeeCNBC Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Mon, July 08, 2024
It’s a pivotal week for President Joe Biden, as calls for him to step aside mount within the Democratic Party. Biden says he will not back down, and Axios’s Mike Allen says, the lawmaker conversations behind closed doors are more drastic than those making the headlines. After two deadly crashes and multiple quality control issues, Boeing has agreed to plead guilty to a criminal fraud charge that makes the aerospace giant a felon. Paramount Global and Skydance will merge –unless Paramount can find another suitor in the next 45 days, and CNBC’s Steve Kovach explains the EU’s regulatory agenda for big tech. Plus, shares of Corning Glass are soaring. In a rare interview, CEO Wendell Weeks explains how a 173-year-old glass company went from making light bulbs to riding the AI and cloud computing wave. Mike Allen - 14:46 Wendell Weeks - 26:18 In this episode: Mike Allen, @mikeallen Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Fri, July 05, 2024
After a landslide win for the Labour Party in the UK , Sky News anchor and former CNBC anchor Wilfred Frost explains Keir Starmer’s support, his policies, and the future of the nation’s economy. Here in the US, Democrats are debating the results of the Presidential debate, including whether President Biden should step aside . CNBC’s Megan Cassella reports on the high stakes for President Biden’s TV interview on Friday, and author and professor Adam Grant explains the psychology at play, both for Biden and for the Democratic Party. Friday marks a deadline for Boeing to either plead guilty or go to trial against the Department of Justice over the deadly crashes of 2018 and 2019 and the quality mishaps in subsequent years. Former United Airlines CEO Oscar Munoz considers the costs of each decision, as well as the state of the travel industry at large. Plus, the June jobs report is out –and it’s a set of conflicting labor metrics to inform the Federal Reserve’s next policy decision. Wilfred Frost - 2:24 Megan Cassella -13:58 Adam Grant - 17:50 Oscar Munoz 27:31 In this episode: Wilfred Frost, @WilfredFrost Adam Grant, @AdamMGrant Megan Cassella, @mmcassella Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, July 03, 2024
Ahead of the July 4th holiday, Kayak CEO Steve Hafner says this summer is a good time to fly, as demand has not kept up with flight supply. As America celebrates its 248th year of independence, CNBC’s Jon Fortt considers the state of the American Dream for this generation. Plus, the week’s top headlines in business and politics: Paramount’s hunt for a partner , Eli Lilly’s big Alzheimer’s drug approval, and President Biden’s support among Democrats. Happy 4th! Megan Cassella 6:26 Phil Lebeau - 15:32 Steve Hafner - 20:12 Jon Fortt - 24:42 In this episode: Megan Cassella, @mmcassella Jon Fortt, @jonfortt Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, July 02, 2024
The Supreme Court has ruled that former President Donald Trump is immune from criminal prosecution for official acts as president, sparking a debate about Presidential immunity and accountability. The Anti-Defamation League has sued Iran, Syria, and North Korea, aiming to hold them accountable for supporting Hamas in its October 7th attacks against Israel. CEO and National Director Jonathan Greenblatt explains why he’s seeking financial compensation for over 125 plaintiffs. The Department of Energy is releasing 1 million barrels of gasoline to lower pump prices before the July 4th holiday . And ahead of that holiday, author and immersive journalist A.J. Jacobs wrote “The Year of Living Constitutionally” about his year living as closely as possible to the Constitution’s guidelines. He explains what he learned using a quill pen and adhering to 18th century norms for a year. Jonathan Greenblatt - 15:42 A.J. Jacobs - 23:35 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, July 01, 2024
In the wake of the first Presidential debate, President Biden’s campaign is fundraising and rallying support despite a disappointing performance. Andrew Ross Sorkin, CNBC’s Megan Cassella, and Axios correspondent Alex Thompson share their respective reporting from different sources across the Democratic party. The Supreme Court has overturned a 1984 decision called ‘Chevron,’ which set a precedent for lower courts to defer to federal agencies when interpreting ambiguities in laws passed by Congress. Former FDA Commissioner Dr. Scott Gottlieb explains what work the FDA has done under Chevron, and he outlines the challenges that lie ahead, after the new ruling. Plus, the summer box office is ‘Inside Out’ and heating up, and so are politics in France. Megan Cassella - 13:15 Alex Thompson - 15:56 Dr. Scott Gottlieb - 28:35 In this episode: Megan Cassella, @mmcassella Dr. Scott Gottlieb, @ScottGottliebMD Alex Thompson, @AlexThomp Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, June 28, 2024
America–and the Squawk team–is digesting the CNN Presidential Debate . CNBC’s Eamon Javers reports on the respective performances of Presidents Joe Biden and Donald Trump, including Democrats’ concerns about President Biden’s stamina . Investor and briefly the Communications Director for President Trump Anthony Scaramucci digests the debate, the future of the Democratic ticket, and what it all means for investors. In Colorado, Andrew Ross Sorkin reports on the debate reaction at the Aspen Ideas Festival. He shares comments from legendary entrepreneur and venture capitalist, early Facebook investor, and former GOP donor Peter Thiel. Thiel explains his take on social media, China’s plans for Taiwan, and he makes a surprising call on bitcoin. Eamon Javers - 2:15 Anthony Scaramucci - 15:05 Peter Thiel - 27:48 In this episode: Peter Thiel, @peterthiel Anthony Scaramucci, @Scaramucci Eamon Javers, @EamonJavers Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, June 27, 2024
In a rare family interview, former Mylan CEO Heather Manchin and her father Senator Joe Manchin (I-West Virginia) discuss America’s future ahead of the first Presidential debate . The Senator shares his hopes for U.S. leadership, and both discuss their Americans Together effort to back centrist politicians. One of AI’s leading innovators is Mustafa Suleyman; years after co-founding DeepMind, Suleyman is CEO of Microsoft AI, and while at this year’s Aspen Ideas Festival with Andrew Ross Sorkin, he shares his perspective on the “AI arms race” and his vision for artificial intelligence. Plus, Walgreens stock plunged after reporting disappointing quarterly results and announcing store closures. Mustafa Suleyman - 14:57 Heather and Joe Manchin - 30:21 In this episode: Mustafa Suleyman, @mustafasuleyman Joe Manchin, @Sen_JoeManchin Melissa Lee, @MelissaLeeCNBC Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, June 26, 2024
Award-winning producer Brian Grazer joins Andrew Ross Sorkin from the Aspen Ideas Festival to discuss AI’s impact on storytelling and content creation. S&P Global Vice Chair and oil market watcher Dan Yergin explains AI’s role on the US energy grid–and on the 2024 election. Plus, some primary results are in, FedEx’s cost-cutting measures are paying off, and CNBC’s Eamon Javers reports on Donald Trump’s VP options . Daniel Yergin - 18:25 Brian Grazer - 28:17 In this episode: Eamon Javers, @EamonJavers Melissa Lee, @MelissaLeeCNBC Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, June 25, 2024
Character actor and director Griffin Dunne joins Andrew Ross Sorkin at the Aspen Ideas Festival to discuss his new memoir, growing up in Hollywood, and the state of entertainment. Plus, how realistic is the Fed’s 2% target inflation rate? CNBC’s Steve Liesman and former CEA Chair Jason Furman discuss whether the central bank will and should adjust its goal. Plus, Nvidia stock is down in recent market sessions, the EU is taking aim at Microsoft , and the TSA beat its daily record of screenings, checking 2.99m people on Sunday. Steve Liesman - 14:19 Jason Furman - 18:16 Griffin Dunne - 26:37 In this episode: Steve Liesman, @steveliesman Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, June 24, 2024
From the Aspen Ideas Festival, Carlyle Group co-founder and co-chairman, David Rubenstein, discusses the state of the 2024 race, the Fed’s inflation fight, the state of the economy, and his MLB team ownership. European Union regulators claim that Apple has breached new digital competition laws by preventing app developers from guiding consumers to more affordable services. Joe Lonsdale, founding partner of 8VC and co-founder of Palantir, discusses Apple’s dominance in the app store, the EU's allegations, and how there may be growing silent support in Silicon Valley for former President Trump. Plus, Bitcoin continues its descent to $60,000, and Apple and Meta have discussed an AI partnership for Apple Intelligence. Joe Lonsdale - 14:41 David Rubenstein - 25:18 David Rubenstein, @DM_Rubenstein Joe Lonsdale, @JTLonsdale Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, June 21, 2024
New York Governor Kathy Hochul has signed two bills into law to regulate digital platforms' algorithms and the use of children's data, aiming to protect children and teens online. Gov. Hochul discusses the impact of the first-in-the-nation legislation and also addresses the future of congestion pricing in New York City. Jared Bernstein, Chair of President Biden’s Council of Economic Advisers, discusses the current state of the economy, President Biden’s initiatives to lower the cost of living for Americans, government spending, and its impact on the federal budget deficit. Meanwhile, a cyber outage at retail technology and software provider CDK is affecting automobile dealers across the United States. Plus, Amazon’s new AI-powered Alexa might cost you $10 per month. Jared Bernstein - 11:33 Gov. Kathy Hochul - 25:30 Jared Bernstein, @econjared46 Gov. Kathy Hochul, @GovKathyHochul Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Thu, June 20, 2024
Surgeon General Dr. Vivek Murthy paints a stark picture of the mental health crisis among young people, the impact of social media, and explains his call for warning labels on social media platforms. And CNBC's Emily Wilkins reports on how crypto companies are trying to influence Washington ahead of the November election. Ahead of oral arguments in a case from the SEC, Kraken CEO Dave Ripley shares insights on the state of the crypto market and the company’s battles with the SEC. Plus, Elon Musk, speaking at the Cannes Lions Festival, urged advertisers to come back to X . Dr. Vivek Murthy - 13:33 Emily Wilkins - 24:49 David Ripley - 29:55 Dr. Vivek Murthy, @Surgeon_General Emily Wilkins, @emrwilkins David Ripley, @DavidLRipley Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Wed, June 19, 2024
President of the Federal Reserve Bank of Cleveland Loretta Mester has served under 4 different Fed chairs, including Jay Powell. She discusses the Fed’s commitment to hitting their 2% target rate of inflation and the central bank’s road to rate cuts. Just a few weeks shy of her Fed retirement, she reflects on years of monetary policy. In this episode: Steve Liesman, @steveliesman Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, June 18, 2024
Senator Elizabeth Warren (D-MA) is taking on big banks and Federal Reserve Chair Jay Powell, to whom she says, “do your job.” She has a spirited conversation with Becky Quick and Joe Kernen about the Fed, the banking system, and tax code fairness. And after the Surgeon General’s warning on social media’s harm to kids, former FDA Commissioner Dr. Scott Gottlieb discusses the science proving social media’s toll on teens, and he compares Congress’s strategy today with the FDA’s strategy navigating illicit opioid sales on social media, years ago. Plus, CNBC’s Emily Wilkins reports on the boom of “revenge porn” deepfakes, Apple will stop offering buy now, pay later loans in the U.S., and some victims of the AI craze: Chegg stock is down 90% since OpenAI’s launch of ChatGPT. Sen. Elizabeth Warren - 10:36 Dr. Scott Gottlieb - 28:26 In this episode: Sen. Elizabeth Warren, @SenWarren Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, June 17, 2024
The U.S. Surgeon General wants a tobacco-style warning on social media , and George Clooney, Julia Roberts, and Jimmy Kimmel helped President Biden’s campaign raise $30m at a Hollywood fundraiser over the weekend. Author and investor Ruchir Sharma is out with a new book, “What Went Wrong with Capitalism.” He makes a capitalist critique of our economic system in a lively discussion about the government’s relationship with private industry. Plus, flight tracking company Hopper says July 4th deals are still on the table; the app’s lead economist Hayley Berg explains why prices are down this year, and how to save on a last minute getaway. Ruchir Sharma - 14:10 Hayley Berg - 25:53 In this episode: Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, June 14, 2024
Tesla shareholders voted to reinstate Elon Musk’s $56B pay package and to move the company’s corporation from Delaware to Texas. It was a big victory for Musk, but former SEC Chair Jay Clayton says, there’s still more to hash out. Fresh off DC meetings with Republican lawmakers and CEOs, former President Donald Trump is celebrating his 78th birthday. CNBC’s Emily Wilkins reports on the meetings, and Trump’s tax proposals. Attendee House Majority Leader Steve Scalise explains the agenda and the GOP’s plans heading into the November election. Jay Clayton - 2:02 Rep. Steve Scalise - 20:50 In this episode: Rep. Steve Scalise, @SteveScalise Emily Wilkins, @emrwilkins Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, June 13, 2024
Ahead of the Tesla shareholder vote on Elon Musk’s pay package , Ark Invest CEO and CIO Cathie Wood discusses her new, raised 2029 price target for Tesla. As a Tesla investor and an xAI investor, Wood explains her belief in Elon Musk, Tesla’s robotaxi strategy, Apple’s entrance into AI , and this new era of innovation. Plus, the Federal Reserve will hold rates steady , CNBC’s Steve Liesman reports. In an exclusive interview, Treasury Secretary Janet Yellen discusses the labor market, housing’s pressure on inflation metrics, and her latest op-ed about supporting Ukraine’s war effort with earnings from billions of seized Russian sovereign assets. Janet Yellen - 11:40 Cathie Wood - 28:43 In this episode: Cathie Wood, @CathieDWood Secretary Janet Yellen, @SecYellen Steve Liesman, @steveliesman Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, June 12, 2024
Steve Ballmer, former Microsoft CEO and LA Clippers Chairman founded the data-driven not-for-profit USAFacts. He’s ready to deliver his economic data to Congress and push for transparency in government. Former Republican Speaker of the House Kevin McCarthy is out of his seat but not out of politics. The former lawmaker discusses the 2024 race and explains why this time, the election is more about President Biden than it is about former President Trump. Good economic news, from the Labor Department: May’s CPI data shows that inflation could be loosening its hold on the US economy. CNBC’s Steve Liesman considers the implications for the Federal Reserve’s interest rate strategy. A flurry of headlines have emerged from the Elon Musk universe, including Musk’s dropped lawsuit against OpenAI , hidden likes on X, and personal relationships at SpaceX. Plus, competitive eater Joey Chestnut is between a hot dog and an Impossible hot dog…and fans of Nathan’s hot dog eating contest will miss out on the reigning champion this year. Steve Ballmer - 14:47 Kevin McCarthy - 28:21 In this episode: Kevin McCarthy, @SpeakerMcCarthy Steve Liesman, @steveliesman Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, June 11, 2024
Apple has entered the AI arms race . WSJ personal tech columnist Joanna Stern discusses the OpenAI-Siri integration, Genmoji, privacy, and Elon Musk’s reaction to Apple’s announcements at the company’s Worldwide Developers Conference . In the wake of EU elections and a shift to the political right across the bloc, Council on Foreign Relations president emeritus Richard Haass considers implications for US politics. He says it’s a tough time for incumbents, and it’s an uncertain world for whoever wins in the upcoming election. Plus, former media executive Edgar Bronfman is reportedly considering a bid for Paramount’s parent company, CNBC’s Emily Wilkins reports on the bipartisan support to crack down on hotel junk fees, and an FDA advisory panel has endorsed Eli Lilly’s Alzheimer’s drug. Richard Haass - 13:29 Joanna Stern - 22:23 In this episode: Joanna Stern, @JoannaStern Emily Wilkins, @emrwilkins Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, June 10, 2024
Less than 5 months from Election Day, two economic policy experts discuss the sticking points in Bidenomics and Trumponomics. Former President Trump’s 2024 senior economic advisor Steve Moore and former CEA chair under President Obama Jason Furman discuss taxes, tariffs, and energy policy. In a discussion about regulation, former FDIC chair Sheila Bair argues in a recent op ed, not all mergers are bad for consumers. Plus, the far right made big gains in the EU’s elections, Caitlin Clark was not chosen for Team USA, and GameStop tumbled 40% after meme stock enthusiast Keith Gill AKA Roaring Kitty held a livestream. Steve Moore & Jason Furman - 12:20 Sheila Bair - 25:39 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Sat, June 08, 2024
This bonus episode of Squawk Pod, from our partners at “The Keynote,” features the two most important players in the Biden Administration’s comprehensive reshaping of antitrust law. Federal Trade Commission Chairperson Lina Khan, and U.S. Assistant Attorney General for the Antitrust Division Jonathan Kanter joined Andrew Ross Sorkin at the CNBC CEO Council Summit on June 4th 2024. They spoke about how they have reinvigorated antitrust enforcement, the challenges and opportunities of the digital age and why they feel empowered to act. Plus, one reveals their “Swiftie” status. To listen to other interviews from events check out “The Keynote by CNBC Events” here: https://podcasts.apple.com/us/podcast/the-keynote-by-cnbc-events/id1493248246 . For information on upcoming events visit: CNBCevents.com . In this episode: Lina Khan, @linakhanFTC Jonathan Kanter, @JusticeATR Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, June 07, 2024
The Atlantic contributing writer and happiness guru Arthur Brooks discusses happiness and the upcoming Presidential election; he says, we can all still like each other, even in the face of political polarization. CNBC’s Brian Schwartz reports that former President Trump’s campaign raised $12m at a San Francisco fundraiser, and CNBC’s Steve Liesman reports on May’s jobs report , which came in much hotter than expected. Tesla investor Cathie Wood is backing Elon Musk in his pay deal debate. Plus, Happy Donut Day! Founders of Rise Doughnuts Hugh Mangum and Laura Malone share their sweet small business story to celebrate the day. Steve Liesman - 2:52 Brian Schwartz - 7:39 Arthur Brooks - 13:42 Hugh Mangum & Laura Malone 29:45 In this episode: Arthur Brooks, @arthurbrooks Brian Schwartz, @schwartzbCNBC Steve Liesman, @steveliesman Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, June 06, 2024
In a rare interview, Tesla Chair Robyn Denholm discusses the upcoming shareholder vote on Elon Musk’s pay package. She discusses Musk’s leadership and Tesla’s growth trajectory. New York Governor Kathy Hochul has paused the NYC congestion pricing plan indefinitely; NJ Representative Josh Gottheimer explains why he and many other New Jerseyans are celebrating. Plus, Nvidia has hit the $3T mark, and Boeing’s outgoing CEO Dave Calhoun will testify before the Senate on his way out of the C-suite. Josh Gottheimer - 12:13 Robyn Denholm - 24:37 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, June 05, 2024
At the Tesla shareholder meeting on June 13th, shareholders will vote (again) on Elon Musk’s compensation package. Longtime Tesla believer and billionaire Ron Baron says he’s voting for the package. In an extended interview, Baron discusses the billions of dollars he has wrapped up in the ‘Elon Musk Ecosystem,’ and how each venture will eventually help the others. CNBC’s Diana Olick explains the state of the housing market, the FCC is looking into AT&T’s latest outage , and The New York Times is reporting that Israel has conducted a covert social media campaign to influence Democrat lawmakers. Ron Baron - 09:35 Diana Olick - 32:50 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Tue, June 04, 2024
Jeffrey Katzenberg led The Walt Disney Studios, he founded DreamWorks, he made Shrek, and now he’s doubling down on tech and cybersecurity investing at WndrCo. Katzenberg and Sujay Jaswa, his co-founder at WndrCo, discuss their $460m raise and their bets on AI’s impact across tech and entertainment. Plus, the Hollywood mogul comments on the potential Paramount-Skydance merger and his faith in Bob Iger. Deputy Treasury Secretary Wally Adeyemo has returned from Ukraine and joins Andrew Ross Sorkin at the CNBC CEO Council Summit in Washington, DC. Deputy Sec. Adeyemo discusses the Russian war machine, inflation pressures for American consumers, and the Biden administration’s message to China. Today’s other headlines include Intel’s newest chip and the latest meme stock mania . Jeffrey Katzenberg & Sujay Jaswa - 16:47 Wally Adeyemo - 31:50 In this episode: Wally Adeyemo, @wallyadeyemo Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, June 03, 2024
GameStop's stock surged again , fueled by speculation that Keith Gill might hold a significant position in the video game retailer. CNBC's Dominic Chu discusses the meme stock craze. Reid Hoffman, a partner at Greylock and co-founder of Inflection AI and LinkedIn, talks about the launch of 'Reid AI,' his own 'digital twin.' He (the real Hoffman) shares his thoughts on the future of AI, the dangers of deepfakes, and the current state of the AI arms race. And, Cleo Abram, host of the popular internet show "Huge If True," weighs in on the creator economy, the role of AI, and whether YouTubers should be considered for Emmy awards . Plus, Nvidia announces new AI chips and OPEC announces production cuts . Reid Hoffman 12:07 Cleo Abram 28:03 Reid Hoffman, @reidhoffman Dom Chu, @thedomino Cleo Abram, @cleoabram Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese
Fri, May 31, 2024
Former President Donald Trump was found guilty on 34 felony counts of falsifying business records related to a hush money payment made to a porn star before the 2016 election. Following the verdict, Trump's campaign raised $34.8 million from small-dollar donors in less than seven hours, nearly doubling its single-day fundraising record and crashing the donation website. CNBC’s Brian Schwartz discusses the implications for the election in November. Plus, veteran tech investor and longtime Democrat donor Alan Patricof discusses Silicon Valley's political ties, the 2024 race, and the AI industry's impact on tech valuations. At the Consensus conference in Austin, former NYSE president and Bullish CEO Tom Farley shares both Presidential candidates’ approaches to crypto, and weighs in on the politicization of digital assets. Brian Schwartz - 03:10 Alan Patricof - 16:55 Tom Farley - 27:20 In this episode: Brian Schwartz, @schwartzbCNBC Tom Farley, @thomasfarley Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese
Thu, May 30, 2024
Foot Locker posted better-than-expected comparable sales as CEO Mary Dillon’s turnaround plan shows signs of success. Dillon discusses the company’s “Lace Up” strategy, innovations in sneakers, and catering to all kinds of consumers. The Wall Street Journal’s Emily Glazer shares her scoop: former President Trump is considering a special advisor role for Elon Musk , should he win the presidency. Plus, Nelson Peltz sells his entire share of Disney stock, ExxonMobil shareholders voted to confirm the board after an activist fight, and McDonald’s says, prices are not too high. Mary Dillon - 11:44 Emily Glazer - 23:03 In this episode: Emily Glazer, @emilyglazer Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, May 29, 2024
After two activist investors pushed ExxonMobil to reduce emissions , the company sued the activists, prompting them to withdraw their proposal. The litigation has cost ExxonMobil’s board the support of CalPERS, the largest public pension fund in the U.S. and a $1B stakeholder in Exxon. CalPERS CEO Marcie Frost discusses her position ahead of the company’s shareholder meeting on Wednesday, and U.S. Chamber of Commerce EVP of Capital Markets Competitiveness Tom Quaadman explains why the U.S. Chamber backed Exxon in its lawsuit against the activist investors. Plus, economist and University of Maryland professor Melissa Kearney says decades-long concerns of overpopulation were misguided; advanced economies are facing fiscal troubles as their working age populations dwindle. Frost - 05:02 Quaadman - 17:18 Kearney - 26:16 In this episode: Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Tue, May 28, 2024
The McDonald’s $5 value meal is coming in June, aimed at relieving inflation-weary consumers. But franchisees are also inflation-weary; Scott Rodrick, a franchisee in California, discusses the pressures at his restaurants and the difficulty of offering value in a high-cost environment. The Department of Justice has filed an antitrust lawsuit against Live Nation , aiming to split up the parent company and Ticketmaster, its subsidiary. CEO of competitor SeatGeek Jack Groetzinger discusses competition for ticketing and best experiences for fans. The Tesla shareholder vote on Elon Musk’s pay deal is coming soon, but it’s only one of multiple weekend headlines on the tech billionaire. Musk’s startup xAI has notched another $6B in funding, pushing the company’s valuation to $24B. Musk is also reportedly planning an xAI supercomputer . Plus, China has created a nearly $48B fund to back Chinese chip companies, CNBC’s Eunice Yoon reports. Eunice Yoon - 08:01 Jack Groetzinger - 13:26 Scott Rodrick - 22:09 In this episode: Eunice Yoon @onlyyoontv Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Mon, May 27, 2024
Dan Doctoroff is the New Yorker largely responsible for rebuilding New York after 9/11. The legacy of his long career in business and government includes his oversight as deputy mayor in the creation of now-iconic spots: Hudson Yards, the High Line, Brooklyn Bridge Park, the new World Trade Center. Doctoroff reflects on his life and career two years after receiving his ALS diagnosis and shortly after learning about a project that celebrates his contributions to New York. In a surprise tribute, his friends and colleagues wrote, “The Urbanist: Dan Doctoroff and the Rise of New York.” Andrew Ross Sorkin sits down with Doctoroff in the Whitney Museum for a look at his legacy and his supercharged nonprofit venture, Target ALS, in this special Memorial Day episode. In this episode: Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, May 24, 2024
The NCAA has signed off on a deal that could change college sports–and student athletes–forever. Chair of Carolina Coastal University Athletics Joe Moglia discusses the $2.8B that could be coming to college players over the next decade, as well as the winners and losers in a new business plan for university athletics. Elon Musk says he doesn’t support President Biden’s tariffs on Chinese EVs, Novo Nordisk says Ozempic could slow kidney disease, and the number of 401(k) millionaires has hit a new high. Plus, Nick and Gabe Safier have been spreading joy and special needs advocacy on social media. The brothers and creators of the Safier Universe join Becky Quick and Andrew Ross Sorkin for a conversation on the bright side of the internet. Joe Moglia - 13:14 Nick and Gabe Safier - 24:28 In this episode: Joe Moglia, @CoachJoeMoglia Nicholas Safier, @NicholasSafier Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, May 23, 2024
The Department of Justice has sued Live Nation , the parent of Ticketmaster. Attorney General Merrick Garland alleged that the company “relies on unlawful, anticompetitive conduct to exercise its monopolistic control over the live events industry in the United States at the cost of fans, artists, smaller promoters, and venue operators.” Tim Wu, former Special Assistant to the President for Technology and Competition Policy, considers the DOJ’s potential actions moving forward. In Paris, Andrew Ross Sorkin sat down with French President Emmanuel Macron for an exclusive, extended interview. The discussion spans Federal Reserve and European Central Bank policy, as well as the Israel-Hamas War and funding to rebuild Gaza. Plus, Nvidia’s revenue more than tripled in its latest quarter. President Emmanuel Macron - 13:40 Tim Wu - 22:05 In this episode: President Emmanuel Macron, @EmmanuelMacron Tim Wu, @superwuster Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Michael Santoli, @michaelsantoli Katie Kramer, @Kramer_Katie
Wed, May 22, 2024
The 2024 campaign cycle is in full swing. Pollster Frank Luntz discusses the candidate appeals to voters, and the first debate’s details that remain unconfirmed. President Biden announced a plan to forgive $7.7B in student loans , former President Trump will start accepting crypto donations , and challenger Robert F. Kennedy Jr. is rallying retail traders on X. Plus, Urban Outfitters brands Free People and Anthropologie performed well in the last quarter, Vivek Ramaswamy has taken a stake in Buzzfeed , and CNBC’s Phil LeBeau reports that America’s cars are aging. Almost 9% of registered vehicles in the U.S. were made before 2000. Frank Luntz - 13:53 Phil LeBeau - 21:51 In this episode: Frank Luntz, @FrankLuntz Phil LeBeau, @Lebeaucarnews Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Michael Santoli, @michaelsantoli Katie Kramer, @Kramer_Katie
Tue, May 21, 2024
Scarlett Johansson is taking aim at OpenAI after the company used a voice “eerily similar” to hers for its ChatGPT40 chatbot. Former White House CTO Aneesh Chopra weighs in on the controversy, the latest leadership shakeups at OpenAI , and the ways to build guardrails for society’s newest technology. Whole Foods co-founder and former CEO John Mackey shares his journey bringing health foods mainstream. Mackey discusses his new book, “The Whole Story,” as well as GMOs and the future of grocery. Plus, JPMorgan’s Jamie Dimon is discussing his succession plan, and Andrew Ross Sorkin is in Paris just 66 days until the 2024 Olympic Games . John Mackey 16:46 Aneesh Chopra 32:17 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, May 20, 2024
Iran’s President Ebrahim Raisi has died in a helicopter crash. Karim Sadjadpour, senior fellow at the Carnegie Endowment for Peace Middle East Program, explains the issues Raisi’s death poses for Iranian leadership and succession. Hayman Capital Management founder and CIO Kyle Bass discusses China’s real estate crisis , its impact on GDP, and the CCP’s electric vehicle strategy. CNBC’s Kristina Partsinevelos explains Microsoft’s plans for AI PCs , many of which will be unveiled at the company’s Build developer conference. Plus, Xander Schauffele won his first major PGA title, and Blue Origin’s tourism rocket launched passengers to the edge of space after a two year hiatus. Karim Sadjadpour - 16:15 Kyle Bass - 22:50 Karim Sadjadpour, @ksadjadpour Kyle Bass, @Jkylebass Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, May 17, 2024
NYU Social Psychologist Jonathan Haidt discusses “The Anxious Generation,” his new book that explores the impact of social media on childhood mental health. Limits of screen time, age verification, and delaying smartphone introduction for kids are among Haidt’s suggestions for a safer youth. The Supreme Court has rejected an argument against the funding structure for the Consumer Financial Protection Bureau ; CFPB Director Rohit Chopra says he’s relieved to get back to work protecting consumers and companies. Plus, Reddit and OpenAI have teamed up, Boeing supplier Spirit Aerosystems and the world’s top golfer Scottie Scheffler was arrested at a PGA championship event. Rohit Chopra - 12:37 Jonathan Haidt - 23:43 In this episode: Rohit Chopra, @chopracfpb Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, May 16, 2024
President Biden and former President Trump have agreed to two unorthodox debates this election season . Former communications director for President Trump Anthony Scaramucci reacts to the news and the prospect of another Trump presidency. Scaramucci, an outspoken bitcoin bull, also discusses crypto’s recent surge . Sean Evans, host of viral YouTube show “Hot Ones,” discusses how he monetizes his celebrity interviews over hot chicken wings. Plus, Berkshire Hathaway has announced its secret stock pick: Chubb. Anthony Scaramucci - 13:16 Sean Evans - 26:43 In this episode: Sean Evans, @seanseaevans Anthony Scaramucci, @Scaramucci Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, May 15, 2024
VaynerX Chairman and branding expert Gary Vaynerchuk discusses the evolution of media and advertising as upfront season kicks into gear. Federal prosecutors at the Department of Justice say Boeing breached its 2021 settlement protecting the company from criminal prosecution for the two fatal 737 Max crashes. CNBC’s Phil LeBeau discusses the implications for Boeing and the importance of the company for the industry at large. Senator Mark Warner (D-VA) is honing in on risks for the 2024 election, less than 6 months away. Plus, Nvidia’s CEO Jensen Huang made over $30m last year, a 60% hike from the year prior, Vanguard hired a former BlackRock executive as CEO, and the meme stock rally continues ! But it might be fizzling out. Phil LeBeau - 07:28 Sen. Mark Warner - 15:57 Gary Vaynerchuk - 23:43 In this episode: Gary Vaynerchuk, @garyvee Sen. Mark Warner, @MarkWarner Phil LeBeau, @Lebeaucarnews Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, May 14, 2024
In a rare extended interview, Saba Capital Management founder and CIO Boaz Weinstein explains his campaign against the world’s largest asset manager, BlackRock. Weinstein, a renowned risk-taking trader on Wall Street, takes on BlackRock’s closed end funds over a decade after he famously “harpooned” the London Whale in 2011. Plus, meme stocks like GameStop are still surging, thanks to “Roaring Kitty,” the Biden administration is ramping up China tariffs , and Kraft Heinz is reportedly exploring an Oscar Mayer sale. Boaz Weinstein - 16:10 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, May 13, 2024
The Biden administration is planning to quadruple tariffs on Chinese electric vehicles. Investment banker and former Treasury official Roger Altman discusses fiscal policy’s impact on inflation and the road ahead for the American economy. Warby Parker co-CEOs Neil Blumenthal and David Gilboa are doubling down on their brick and mortar strategy, despite starting as an e-commerce brand. The two discuss their company’s journey since IPO, their history of monetization, and their omnichannel approach to driving revenue. Plus, OpenAI is launching a new product, Apple workers at a store in New Jersey have voted against unionization, GameStop is on the rise again, and some Duke students walked out of Jerry Seinfeld’s commencement speech in protest. Roger Altman - 12:47 Neil Blumenthal & David Gilboa - 24:02 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, May 10, 2024
Microsoft is investing $3.3 billion in an AI strategy in Wisconsin. Steve Case, co-founder of AOL and chairman and CEO of Revolution, discusses his own investments in projects in middle America and his optimism about big tech’s opportunities for economic growth outside of Silicon Valley. Happiness expert, author, AEI president emeritus, and Harvard professor Arthur Brooks weighs in on the turmoil across American college campuses. He’s optimistic about America’s period after unrest, and encourages listeners to love challenges to their perspectives, and to view the world beyond a good/evil binary. Plus, Chinese EV company Zeekr is ready to IPO, and Target is reportedly scaling back its Pride collections this summer. Steve Case - 12:04 Author Brooks - 24:45 In this episode: Arthur Brooks, @arthurbrooks Steve Case, @SteveCase Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, May 09, 2024
House Speaker Mike Johnson (R-LA) discusses his own party’s push to oust him from his role. He says, lawmakers cannot afford to play petty politics with tensions high at home and abroad. Journalist Johann Hari has taken Ozempic for a year. He says it’s changed his life, but his new book “Magic Pill” details the dangers of weight loss drugs as well as their benefits. Plus, President Biden has given Israel an ultimatum , Disney and Warner Bros. Discovery are set to bundle their streaming content, and China’s electric vehicle race is speeding up. Mike Johnson- 14:12 Johann Hari - 27:54 In this episode: Mike Johnson, @SpeakerJohnson Johann Hari, @johannhari101 Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, May 08, 2024
Electric vehicle maker Rivian reported a quarterly revenue beat and a cut to its capital spending forecast. CEO RJ Scaringe explains his vision for the future of EVs, the total addressable market, and Rivian’s charging station partnership with Tesla. NBCUniversal Vice Chair Bonnie Hammer has compiled the best–and worst–advice for workers new and seasoned in her new book, “15 Lies Women Are Told at Work…and the Truth We Need to Succeed.” After years in the business, Hammer shares her favorite moments of mentorship, and encourages younger generations to differentiate “personal worth” from “professional worth.” Microsoft will make a $3.3B AI investment in Wisconsin, and the Biden administration has revoked certain licenses to export chips to Huawei , the Chinese tech company. Plus, Disney stock is under pressure, and FTX is officially able to pay its customers back …with interest. RJ Scaringe 16:00 Bonnie Hammer 22:54 In this episode: RJ Scaringe. @RJScaringe Phil LeBeau, @Lebeaucarnews Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, May 07, 2024
Duquesne Family Office CEO Stanley Druckenmiller says he was perplexed by the Fed’s pivot, and that the Federal Reserve “fumbled on the five yard line with the game on the line.” In an extended interview, Druckenmiller discusses his famously successful investing track record and his bets on AI. SEC Chair Gary Gensler has put pressure on crypto, recently delivering “Wells Notice” to Robinhood and Consensys ; the crypto community is firing back, and he’s ready to defend the SEC’s perspective on Ethereum and its role in protecting investors. Plus, Hims & Hers CEO walked back some of his comments on hiring pro-Palestinian protesters after Wall Street and Main Street pushed back on him and his stock. Stanley Druckenmiller - 4:15 Gary Gensler - 38:40 In this episode: Gary Gensler, @GaryGensler Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, May 06, 2024
We bring you part two of CNBC’s trip to Omaha, Nebraska for the Berkshire Hathaway Annual Meeting , where tens of thousands of Berkshire shareholders convene to hear from Warren Buffett every spring. It’s part shareholder meeting, part shopping spree, and for Bertie Buffett Elliott, part family reunion. Warren Buffett’s little sister Bertie sits down with Becky Quick in a special conversation about the Buffett family upbringing and her own Warren memories. The highlights of the 2024 meeting include Warren Buffett’s take on AI, his plans for Berkshire’s $182 billion cash pile, and his pieces of advice for all listeners, old and young. Plus, catch a cameo from the Harlem Globetrotters and celebrity shareholder Bill Murray, as well as a conversation between venture capitalist Ann Winblad and CNBC’s Mike Santoli and Becky Quick.
Mon, May 06, 2024
We bring you to Omaha, Nebraska, with the tens of thousands of Berkshire shareholders that make the pilgrimage to Warren Buffett every spring. Hear the best of the Berkshire Hathaway Annual Meeting , including why Buffett trimmed his stake in Apple, how he made a losing bet on Paramount, and what Berkshire looks like, after he’s gone. Plus, the highlights from the convention center floor, where Berkshire’s 60+ portfolio companies sell their wares to fans. See’s Candy CEO Pat Egan, Lubrizol CEO Rebecca Liebert, and Pilot CEO Adam Wright are all ready to dazzle the Berkshire attendees. Plus, hear from shareholders themselves! The 14-year-old Warren Buffett fan Daphne Kalir-Starr is back for her 7th annual meeting, and she’s more “invested” than ever.
Sat, May 04, 2024
“I’m an accidental guru.” He was irreverent, he was focused, he was one of the world’s most successful investors, and he was one of a kind . Billionaire investor Charlie Munger, the longtime right-hand man and close friend of Berkshire Hathaway CEO Warren Buffett , died a few weeks shy of what would have been his 100th birthday. Becky Quick, Squawk Box co-host, interviewed Munger two weeks before his death in his home in Los Angeles. In this special conversation, Charlie Munger reflects on his century of life , the childhood traumas that shaped him, the investing wins and losses that made his career, and the perspective and knowledge he gained in his final years . For more, revisit our 2021 Squawk Pod series, Warren Buffett and Charlie Munger: A Wealth of Wisdom . Squawk Pod is produced by Katie Kramer, Cameron Costa, Karoline Rouhotas and Zach Vallese. CNBC’s Managing Editor is Lacy O’Toole. John Lazration edited this podcast series.
Fri, May 03, 2024
Becky Quick is in Omaha, Nebraska, awaiting the tens of thousands of Berkshire Hathaway investors attending the company’s annual shareholders meeting, where Warren Buffett will hold court. This year is the first annual meeting without the late Vice Chair Charlie Munger; Berkshire Hathaway lead director Sue Decker sits down with Becky Quick to discuss Munger’s legacy and the future of Berkshire. Plus, CEOs of Berkshire’s portfolio companies join Becky, BNSF CEO Katie Farmer, who discusses the headwinds for her railway business, and Brooks Running CEO Dan Sheridan, who’s eyeing running business in China. Plus, longtime shareholder and GAMCO CEO Mario Gabelli stops by, for an extended conversation about the markets, media consolidation, and Warren Buffett’s leadership. Tune into CNBC’s TV and digital channels this weekend to catch every minute of the 2024 Berkshire Hathaway Annual Meeting coverage. Sue Decker 5:21 Dan Sheridan 17:16 Katie Farmer 24:48 Mario Gabelli 32:54 In this episode: Mario Gabelli, @MarioGabelli Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, May 02, 2024
Approximately 300 people were arrested when the NYPD responded to protests at Columbia University and the nearby City College of New York. New York City Mayor Eric Adams discusses the city’s crackdown on college campus protests, the radicalization of youths, the immigration crisis, and more. House Select Committee on China Member Rep. Ro Khanna (D-Calif.) discusses the Biden administration’s sanctions on Chinese companies over suspected support for Russia in its war against Ukraine, as well as the fate of TikTok in the U.S. The Federal Reserve is holding rates steady ; Stifel Chief Economist Lindsey Piegza breaks down the next steps in the Fed’s inflation fight. Plus, Tesla has reneged internship offers amid layoffs, and the National Labor Relations Board says Amazon CEO Andy Jassy broke federal labor law in his interviews with press. Mayor Eric Adams - 15:49 Ro Khanna - 28:24 In this episode: Eric Adams, @NYCMayor Ro Khanna, @RoKhanna Lindsey Piegza, @LindseyPiegza Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, May 01, 2024
Overnight, NYPD officers entered Columbia University ’s campus and made roughly 100 arrests of protesters. Lawyer Jay Edelson filed a lawsuit against the school on behalf of a Jewish student who argues that the university failed to provide a safe learning environment. Edelson discusses the case and the stakes for schools across the country. Axios and Politico co-founder Jim VandeHei looks ahead to the 2024 election and former President Donald Trump’s plans for the country, should he win another term. Plus, Starbucks stock took a spill after its latest quarterly report, and cannabis is headed for a downgrade from the FDA. Jay Edelson - 13:52 Jim VandeHei - 26:05 In this episode: Jim VandeHei, @JimVandeHei Jay Edelson, @jayedelson Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Tue, April 30, 2024
Paramount Global is replacing CEO Bob Bakish with three executives in the Office of the CEO. Puck founding partner Matthew Belloni explains the uncertain future for the media company, as well as the possible outcomes for shareholders. Actor Edward Norton has spent enough time in board meetings to know that it’s time to bring corporate governance decisions into 2024. He says his new tech company Zeck is his hope for streamlined board meetings. CNBC’s Steve Liesman says the latest Fed survey respondents are pushing their rate cut forecasts further out. On college campuses, tensions are escalating; Columbia protesters stormed and occupied a university building. Trump Media stock has been on a roller coaster, and NBCUniversal is reportedly preparing a bid for NBA rights. Plus, CNBC is your ticket to this Saturday’s Berkshire Hathaway Annual Meeting with Warren Buffett. If you’re a shareholder and have a question for the Oracle of Omaha or his board, submit it to berkshirequestions@cnbc.com . Our own Becky Quick will select a few of those submissions to ask during the meeting. Steve Liesman - 04:47 Matt Belloni - 12:44 Edward Norton - 18:09 In this episode: Edward Norton, @EdwardNorton Matthew Belloni, @mattbelloni Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, April 29, 2024
Elon Musk took a brief surprise meeting with Chinese Premier Li Qiang, securing tentative approval for self-driving Teslas in China . America’s college campuses are divided over the Israel-Hamas war and the U.S. involvement in it; former SEC Chairman and Ivy League educator Jay Clayton discusses the sentiment among activists and young people across the country. Retired real estate developer Bruce Ratner issues a warning for his industry. The man behind the redeveloped Times Square and Downtown Brooklyn is also on the board of Memorial Sloan Kettering, and he’s pushing for early cancer detection in his new book. Plus, regulators seized Republic First Bank in the first bank failure of 2024, and journalists are catching up on the jokes from this weekend’s White House correspondents’ dinner . Jay Clayton - 12:23 Bruce Ratner - 23:19 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, April 26, 2024
Former President Donald Trump's political allies are crafting a plan to increase his influence over the Federal Reserve , potentially even making him an "acting" member of the central bank’s board, according to The Wall Street Journal. Nick Timiraos, the Journal's Chief Economics Correspondent, discusses the implications if Trump wins in November. Former FDA Commissioner Dr. Scott Gottlieb weighs in on Moderna's partnership with OpenAI , the AI drug revolution, his own AI venture, and updates on the bird flu presence in America’s pasteurized milk . Plus, CNBC's Steve Kovach breaks down Alphabet and Microsoft earnings and explores the future of AI investment for the megacap tech companies. Nick Timiraos - 10:08 Steve Kovach - 17:22 Dr. Scott Gottlieb - 22:12 . In this episode: Nick Timiraos, @NickTimiraos Scott Gottlieb, @ScottGottliebMD Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese
Thu, April 25, 2024
The Federal Trade Commission voted for a nationwide ban against noncompete agreements , which companies use to prevent employees from taking jobs with competitors in the same industry. FTC Chair Lina Khan addresses the agency's decision for the ban, as well as the potential impacts on businesses and workers. Meanwhile, House Speaker Mike Johnson and his Republican colleagues faced opposition when they appeared at Columbia University amid ongoing protests against Israel's conflict with Hamas. Robert Kraft, New England Patriots owner and founder of the Kraft Group and the Foundation to Combat Antisemitism, discusses the recent protests at Columbia University and other campuses and the concerning rise of antisemitism and his efforts to combat it. Plus, the Biden administration introduces new rules for airlines , mandating automatic cash refunds and prohibiting surprise fees. Lina Khan - 04:05 Robert Kraft - 24:14 In this episode: Lina Khan, @linakhanftc Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, April 24, 2024
Google has fired 50 employees over sit-in protests at the office. Yale Lecturer Joanne Lipman and The Verge’s Alex Heath discuss activism in the office, and tech’s inflection point with its employees. Jason Furman, a Democrat economist, is making his case against President Biden’s student debt relief plan , arguing that it will make inflation worse. CNBC’s Steve Liesman is breaking down U.S. productivity data and what it means for the Federal Reserve. Plus, the Federal Trade Commission has voted to ban non-competes for employee contracts, Jamie Dimon is speaking out with his concerns for the economy, and Meta’s AI glasses are getting an update. Joanne Lipman & Alex Heath - 19:35 Steve Liesman - 27:14 Jason Furman - 30:28 In this episode: Joanne Lipman, @joannelipman Alex Heath, @alexeheath Steve Liesman, @steveliesman Jason Furman, @jasonfurman Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, April 23, 2024
Elite university campuses are fraught with tension as students clash with each other and college administrations over the Israel-Hamas War . Over 100 students have been arrested from pro-Palestinian demonstrations on Yale, NYU, and Columbia campuses, videos of brazen antisemitism have gone viral, and one Rabbi in Columbia’s community encouraged Jewish students to go home for their own safety. NYC Rabbi David Ingber explains the escalations and safety concerns, while donor and Columbia Business School alumnus Leon Cooperman discusses the responsibilities of higher education institutions. Plus, Nobel Prize-winning economist Joseph Stiglitz maps out the Federal Reserve’s road ahead, and Elon Musk is at odds with Australia’s Prime Minister over posts on X. Rabbi David Ingber - 12:11 Leon Cooperman - 22:44 Joseph Stiglitz - 26:26 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, April 22, 2024
At Columbia in New York, protests and antisemitism on campus have prompted a day of remote learning for student safety, as well as commentary from Mayor Eric Adams. In DC, the House has passed a series of bills securing aid funding for Israel, Ukraine, and Taiwan, as well as the divest-or-ban TikTok bill. CNBC’s Emily Wilkins reports on the legislation and its impact on Speaker Mike Johnson’s career. In the thick of Wall Street’s earnings season, Verizon CEO Hans Vestberg discusses his company’s latest financial results and inflation’s pressures on consumers. Plus, pollster Frank Luntz is taking stock of Gen Z’s opinions on capitalism and democracy. He urges corporate America to pay attention to their grievances. Emily Wilkins - 03:16 Frank Luntz - 09:55 Hans Vestberg - 19:42 In this episode: Emily Wilkins, @emrwilkins Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, April 19, 2024
After Israel’s retaliatory strike at Iran , NBC’s Raf Sanchez is on the ground in Tel Aviv, reporting that both countries are downplaying an escalation. Stateside, CNBC’s Emily Wilkins discusses the TikTok divest-or-ban bill ’s road through Congress, including its vote this weekend. Former White House Chief Technology Officer Aneesh Chopra explains the national security threats and TikTok’s road ahead. Plus, Meta has launched its newest AI tool , former President Trump’s criminal trial jury has been selected, and HGTV’s Property Brothers Drew and Jonathan Scott discuss the housing market, maximizing value, and flipping for profit. Raf Sanchez - 02:49 Emily Wilkins - 13:32 Aneesh Chopra - 16:43 Drew & Jonathan Scott - 23:53 In this episode: Raf Sanchez, @rafsanchez Emily Wilkins, @emrwilkins Melissa Lee, @MelissaLeeCNBC Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, April 18, 2024
Caitlin Clark will make under $77,000 a year as the WNBA’s top pick, while her counterpart in the NBA will make $10.5m. CNBC’s Jon Fortt explains the gender gap in sports salaries and in revenues. Microsoft has found that Russia’s election interference is already underway ; the company’s former cyber policy head and current chief public policy officer at SentinelOne Chris Krebs says it’s a group effort, to keep global votes safe from bad actors. Plus, Google employees were laid off after protesting, President Biden is reimposing sanctions on Venezuelan oil , and The Wall Street Journal uncovered Amazon’s secret operation to gather intel on competitors like Walmart: Big River. Plus, Squawk Pod is nominated for a Webby Award! It’s your last day to vote for us, so don’t forget to show your support here . If you haven’t heard our nominated episode, check out our special series, "Charlie Munger: A Life of Wit and Wisdom," featuring our final interview with the Berkshire Hathaway Vice Chair. Steve Kovach - 12:54 Chris Krebs - 17:55 In this episode: Andrew Ross Sorkin, @andrewrsorkin Jon Fortt, @jonfortt Michael Santoli, @michaelsantoli Katie Kramer, @Kramer_Katie
Wed, April 17, 2024
Months after a Delaware judge voided Elon Musk’s pay package from Tesla, Tesla is asking shareholders to vote again on Musk’s $56B compensation deal . In a proxy statement, the company is also asking shareholders to approve moving Tesla’s incorporation from Delaware to Texas. Tulane Law professor Ann Lipton parses the proxy and the legal precedent for this shareholder vote. President Biden is hoping to triple the China tariff rate on steel and aluminum imports, and Federal Reserve Chair Jay Powell is signaling a longer wait for rate cuts . Plus, the 2024 Paris Olympics are 100 days away! Olympians Maggie Steffens, the Team USA Women’s Water Polo Captain, her teammate Ashleigh Johnson, and Women’s Wheelchair Basketball Paralympian Courtney Ryan say their training is just as intense as ever. And don’t forget to show your support for Squawk Pod! We’re up for a Webby Award, but we can’t win without your votes. Vote for Squawk Pod here , and check out our nominated special series, "Charlie Munger: A Life of Wit and Wisdom," featuring our final interview with the Berkshire Hathaway Vice Chair. Ann Lipton 15:08 Ashleigh Johnson, Courtney Ryan, Maggie Steffens - 26:12 In this episode: Ashleigh Johnson, @theAshJohnson Maggie Steffens, @maggiesteffens Melissa Lee, @MelissaLeeCNBC Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, April 16, 2024
Days after bitcoin’s weekend plunge and days before the bitcoin halving , Galaxy Digital CEO Michael Novogratz discusses the trajectory of crypto assets amid geopolitical and monetary policy uncertainty. Shares of Trump Media are down 60% from the company’s high in March, after its debut. Semafor business and finance editor Liz Hoffman discusses Truth Social, the platform Trump Media owns, and she considers who owns the volatile stock–and why. House Speaker Mike Johnson plans to split an aid package for Ukraine, Israel, and other U.S. allies into separate bills. Punchbowl News co-founder Jake Sherman discusses what’s at stake for Speaker Johnson (R-LA) and for the GOP. Plus, CNBC’s Emily Wilkins reports on lawmakers encouraging the Nasdaq to delist Chinese companies blacklisted by the Defense Department. And don’t forget to show your support for Squawk Pod! We’re up for a Webby Award, but we can’t win without your votes. Vote for Squawk Pod here , and check out our nominated special series, "Charlie Munger: A Life of Wit and Wisdom," featuring our final interview with the Berkshire Hathaway Vice Chair. Jake Sherman - 02:27 Emily Wilkins - 06:33 Mike Novogratz - 12:06 Liz Hoffman - 24:02 In this episode: Liz Hoffman, @lizrhoffman Jake Sherman, @JakeSherman Emily Wilkins, @emrwilkins Melissa Lee, @MelissaLeeCNBC Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, April 15, 2024
In a first-ever direct attack, Iran launched 300 drones and missiles at military targets inside Israel. The New York Times National Security Correspondent David Sanger explains the geopolitics at play in the Middle East and beyond, including the roles of China and Russia in a conflict between Iran and Israel. CNBC’s Eamon Javers discusses the US response in Washington , and CNBC’s Steve Liesman explains the impact of escalating tensions on the markets and on Fed policy. Plus, it’s tax day! IRS Commissioner Daniel Werfel shares news we can all use: late filing fees, online returns, and the probability of a refund–even from 2020! And, Squawk Pod is nominated for a Webby Award! Vote for Squawk Pod here and support our special series, "Charlie Munger: A Life of Wit and Wisdom," featuring our final interview with the Berkshire Hathaway Vice Chair. Eamon Javers - 02:55 David Sanger - 11:00 Steve Liesman - 18:54 Daniel Werfel - 29:01 In this episode: Eamon Javers, @EamonJavers Andrew Ross Sorkin, @andrewrsorkin Leslie Picker, @LesliePicker Michael Santoli, @michaelsantoli Katie Kramer, @Kramer_Katie
Fri, April 12, 2024
The Anti-Defamation League has released its Antisemitism Report Cards, grading U.S. universities on rates of antisemitism and administration responses to discrimination against Jewish students. ADL CEO Jonathan Greenblatt explains why institutions like MIT, Harvard, and Princeton got failing grades, and what it means for prospective students. As food inflation rises, Agriculture Secretary Tom Vilsack discusses rising costs, dwindling farmland, and encouraging entrepreneurship among American farmers. Amazon stock has hit an all-time-high, nearing a $2T market capitalization; head of internet research at Evercore ISI Mark Mahaney explains his stock picks for the tech sector. CNBC’s Julia Boorstin reports that the divest-or-ban TikTok bill is hitting snags in the Senate. Plus, what do Taylor Swift and Squawk Pod have in common? We’re both nominated for a Webby Award! Vote for Squawk Pod here and support our special series, "Charlie Munger: A Life of Wit and Wisdom," featuring our final interview with the Berkshire Hathaway Vice Chair. Mark Mahaney Julia Boorstin 13:37 Tom Vilsack 16:34 Jonathan Greenblatt 24:48 In this episode: Jonathan Greenblatt, @JGreenblattADL Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Thu, April 11, 2024
Amazon CEO Andy Jassy sits down with Andrew Ross Sorkin at Amazon headquarters in Seattle, the morning Jassy published his annual letter to shareholders. In an extended, wide-ranging conversation with Andrew, Andy Jassy discusses AI-enabled transformations (like delivery drones!), building out technology for every part of the tech stack, and streaming sports on Amazon Prime. Plus, Jassy weighs in on regulator scrutiny on the tech industry, as well as in-office work. Plus, Squawk Pod is up for a Webby Award! Vote for us here and support Squawk Pod’s special series, "Charlie Munger: A Life of Wit and Wisdom," featuring our final interview with the Berkshire Hathaway Vice Chair. Andy Jassy - 10:48 In this episode: Andy Jassy, @ajassy Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Michael Santoli, @michaelsantoli Katie Kramer, @Kramer_Katie
Wed, April 10, 2024
The Consumer Price Index came in hotter than expected, rising 3.5% from a year ago and 0.4% on the month. CNBC’s Rick Santelli and Steve Liesman break down the report and its implications for the Federal Reserve’s monetary policy with former Labor Department Chief Economist Betsey Stevenson. A Boeing engineer has turned whistleblower , alleging issues on the Boeing aircraft assembly line. Former FAA Administrator Randy Babbitt discusses the workplace culture across the airline industry, taking stock of the toll manufacturing culture takes on aircraft safety. Deputy Treasury Secretary Wally Adeyemo is urging Congress to approve regulatory tools to crack down on cybercriminals using cryptocurrencies . Adeyemo explains his concerns with crypto crime, including the Treasury's recommended reforms. Plus, Intel has unveiled a new AI chip, the USPS is raising the price of stamps, and Scrabble is making board changes to encourage teamwork. Wally Adeyemo - 12:55 Randy Babbitt - 19:00 In this episode: Wally Adeyemo, @wallyadeyemo Steve Liesman, @steveliesman Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, April 09, 2024
President Biden will host Japanese Prime Minister Fumio Kishida in the first White House visit from Japan’s PM since 2015. U.S. Ambassador to Japan Rahm Emanuel discusses geopolitics in Asia and managing a “frenemy” relationship with China. YouTuber group Dude Perfect has secured over $100m from investor Jason Illian, the general partner at Highmount Capital. They discuss the group's expansion beyond YouTube and the many trickshots in their 15 years of content creation. Plus, the UConn Huskies triumphed in the men's March Madness tournament , Google is making adjustments to its employee message board, and Elon Musk's predicts AI will be outsmarting humans by the end of next year. Rahm Emanuel - 10:27 Dude Perfect - 23:35 In this episode: Rahm Emanuel, @USAmbJapan Dude Perfect, @DudePerfect Jason Illian, @JasonIllian Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese
Mon, April 08, 2024
Former NASA astronaut Mike Massimino is watching the eclipse from Arkansas, square in the path of totality. He explains how to safely view the event, either with special glasses or with a pinhole camera. South Carolina women’s basketball defeated Caitlin Clark’s Iowa team in the NCAA championship. WNBA Commissioner Cathy Engelbert, former Deloitte CEO, discusses the victory’s momentum for women’s sports and record breaking viewership . U.S. Treasury Secretary Janet Yellen is in China , and CNBC’s Sara Eisen reports that her visit has been covered positively by the Chinese media. Plus, Snapchat is responding to backlash for its “friend ranking” feature, and Brazilian Supreme Court Justice has initiated an investigation of Elon Musk over his refusal to restrict certain X accounts in Brazil. Happy eclipse viewing! Cathy Engelbert - 15:44 Mike Massimino - 21:32 In this episode: Mike Massimino, @Astro_Mike Sara Eisen, @SaraEisen Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, April 05, 2024
After the Francis Scott Key Bridge collapse , Baltimore is hoping to clear debris in the port and rebuild. Ahead of President Biden’s visit to the city, Maryland Governor discusses Baltimore’s importance to the entire U.S. economy , and delivers a message to lawmakers in Washington reluctant to approve federal funds for the rebuild . Venture capitalist Alan Patricof has seen many tech revolutions, and he’s optimistic about AI’s. At 89, he’s not slowing down; he discusses his investments in the AI-enabled longevity economy, and his perspective on America’s retirement ecosystem. Plus, the U.S. economy added 303,000 jobs in March , well above expectations. CNBC’s Rick Santelli and Steve Liesman break down the unemployment rate and what the numbers mean for the Federal Reserve’s fight against inflation. Rick Santelli & Steve Liesman - 04:49 Emily Wilkins - 17:02 Gov. Wes Moore - 18:25 Alan Patricof - 26:24 In this episode: Gov. Wes Moore, @iamwesmoore Emily Wilkins, @emrwilkins Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer: @Kramer_Katie
Thu, April 04, 2024
Disney’s Bob Iger has won his boardroom proxy battle against Nelson Peltz. Media mogul and IAC Chairman Barry Diller weighs in on the evolution of entertainment, including the path forward for Disney, for Paramount Global , and for streamers competing with Netflix. As founder of Fox Broadcasting and former CEO of Paramount, Diller shares his perspective on TikTok, AI, and a four-day workweek. Plus, Snapchat is testing a new feature for subscribed users: rankings in friend orbits. The Wall Street Journal suggests that Snapchat’s newest innovation could make social media’s toll on teen mental health even worse. Tech venture capitalist Bradley Tusk discusses the rising rates of anxiety and depression among young people, and he highlights the need for federal regulation of social media. Barry Diller - 13:14 Bradley Tusk - 33:51 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer: @Kramer_Katie
Wed, April 03, 2024
Billionaire hedge funder and Point72 CEO and Chairman Steve Cohen discusses his $2.4B purchase of the New York Mets, his investment in golf via the PGA and Tomorrow Golf League, and his bet on sports business. Cohen shares his view on AI equities and on the Federal Reserve’s goal of a 2% inflation rate. Plus, an update on the boardroom drama at Disney. Steven Cohen - 10:52 In this episode: Steven Cohen, @StevenACohen2 Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer: @Kramer_Katie
Tue, April 02, 2024
Neuberger Berman senior portfolio manager Steve Eisman weighs in on the Federal Reserve’s interest rate debate; Eisman says, the economy is fine, and the Fed has no reason to cut rates this year. Former Flywheel CEO Sarah Robb O’Hagan explains her experiment with a four-day-workweek at her new company, Exos. Plus, Disney’s future hangs in the balance of a board vote this week, shares of Trump Media stock DJT jumped and then stumbled over 20%, and Google is destroying billions of “private” and “incognito” data records, settling a consumer privacy lawsuit. Steven Eisman - 16:14 Sarah Robb O’Hagan - 29:54 In this episode: Steven Eisman, @EismanSteven Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer: @Kramer_Katie
Mon, April 01, 2024
Half a million California fast food workers are getting a pay bump, starting today. A $20 minimum wage might be good for workers, but McDonald’s franchisee Scott Rodrick warns, it might mean higher costs for business owners and for consumers. In DC, Mayor Muriel Bowser struck a deal to keep the Washington Capitals and Wizards playing in their home city. Mayor Bowser explains the sports deal and addresses concerns about crime in her city. Plus, CNBC’s Robert Frank reports that stocks have fueled a wealth boom, and the Federal Reserve has another data point to factor into interest rate policy: core PCE . Robert Frank - 09:03 Mayor Muriel Bowser - 15:26 Kate Rogers - 25:27 Scott Rodrick - 28:54 In this episode: Muriel Bowser, @MayorBowser Robert Frank, @robtfrank Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer: @Kramer_Katie
Thu, March 28, 2024
Home Depot has made an $18B deal for SRS Distribution, attempting to expand its reach among home improvement professionals, and Federal Reserve Governor Chris Waller says he’s in no rush to cut interest rates. Ahead of FTX founder Sam Bankman-Fried’s sentencing , Puck founding partner Teddy Schleifer considers the implications of the court proceeding, both for SBF and for America’s criminal justice system. Plus, TikTok has launched a $2.1 million advertising campaign aimed at Senators. CNBC’s Steve Liesman reports that the divest-or-ban TikTok bill in Congress has split support among voters in CNBC’s latest All America Survey. He joins Yale Lecturer Joanne Lipman and NYU’s Co-Director of the Center for Social Media and Politics Josh Tucker in a discussion about TikTok’s role in young voter behavior and the future of American democracy. Steve Liesman - 8:42 Teddy Schleifer - 16:49 Joanne Lipman - 30:16 Josh Tucker - 30:16 In this episode: Teddy Schleifer, @teddyschleifer Steve Liesman, @steveliesman Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer: @Kramer_Katie
Wed, March 27, 2024
Robinhood has unveiled its first credit card, and it’s made of gold. CEO Vlad Tenev shares details of his company’s foray into credit, and he weighs in on Elon Musk’s hopes for payment processing on X, as well as meme stock mania. The FDA has approved Merck’s treatment for a rare lung and cardiovascular condition, but the drug’s launch price is steep. Former FDA Commissioner and board member at Pfizer and Illumina Dr. Scott Gottlieb discusses the pressures and mandatory discounts that factor into drug pricing. Plus, Elon Musk’s Neuralink has enabled a person with paralysis to play chess online, but one lawmaker is raising concerns about whether the brain implant should have been approved for human testing so quickly. And, the latest on the Baltimore bridge collapse, Gamestop’s miss and the NFL starts early on holiday planning. Vlad Tenev - 14:06 Scott Gottlieb - 29:37 In this episode: Vlad Tenev, @vladtenev Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer: @Kramer_Katie
Tue, March 26, 2024
Baltimore’s Francis Scott Key bridge partially collapsed after being hit by a cargo ship; NBC’s Tom Costello is on the ground in Baltimore with details. In Florida, the state has banned social media for children under 14, regardless of guardian consent. BlackRock CEO Larry Fink is warning America: a retirement crisis is coming. The Wall Street Journal’s Chief Economics Commentator Greg Ip discusses the slow creep of politics into American boardrooms, as well as the similarities between the U.S. economic trajectory and China’s. Plus, McDonald’s will sell Krispy Kreme doughnuts nationwide, cocoa prices are rising, and Kate Rooney reports that Mastercard and Visa have reached a $30B settlement over credit card fees. Tom Costello - 02:13 Greg Ip - 15:54 Kate Rooney - 27:23 In this episode: Tom Costello. @tomcostellonbc Kate Rooney, @Kr00ney Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer: @Kramer_Katie
Mon, March 25, 2024
Boeing CEO Dave Calhoun will step down at the end of 2024. After a tumultuous year for the company, Boeing is shifting leadership: board chair Larry Kellner will resign, as well as president and CEO of Boeing Commercial Airplanes, Stan Deal. Calhoun sits down with CNBC’s Phil LeBeau, in his first interview after the announcement. In a wide ranging conversation, the outgoing Boeing CEO explains the company culture and the tug between quality and quantity on the Boeing manufacturing line. The EU has launched a probe into Meta, Apple, and Alphabet . Author Walter Isaacson discusses allegations of anti-competitive behavior and regulations’ potential benefits for consumers. Plus, the FAA is boosting scrutiny on United Airlines , and Congress averted a government shutdown –for now. Walter Isaacson - 10:15 Phil LeBeau - 22:11 Dave Calhoun - 28:04 In this episode: Phil LeBeau, @Lebeaucarnews Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer: @Kramer_Katie
Fri, March 22, 2024
Reddit, after 19 years, is a public company . After listing on the NYSE, shares of the social media platform popped, pushing the market cap to $9.5B. The company offered some of its users and moderators an opportunity to buy into the IPO , but CNBC.com reporter Jonathan Vanian explains that many chose not to do so. In a conversation exclusive to Squawk Pod, Vanian recounts the long, complicated road to a Reddit debut, and he looks ahead to the risks that remain in the tenuous dynamic between Reddit leadership and moderators with a history of revolt . One of those moderators, Courtnie Swearingen, co-led a Reddit moderator protest in 2015 and explains her hopes and concerns for Reddit’s future. CNBC’s Kate Rogers explains the productivity gap in this work-from-home era, and CNBC’s Steve Kovach explains the Department of Justice’s antitrust lawsuit against Apple . Plus, airline CEOs want a meeting with Boeing’s board–but not with its CEO. Kate Rogers - 16:41 Jonathan Vanian - 24:22 Courtnie Swearingen - 29:05 In this episode: Jonathan Vanian, @JonathanVanian Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Thu, March 21, 2024
The Federal Reserve held interest rates steady this week, signaling a plan to cut rates multiple times this year. Economist and Allianz and Gramercy advisor Mohamed El-Erian explains the Fed’s dovish stance and its implications for the markets. As the government shutdown deadline looms , lawmakers have released a $1.2T spending bill. Speaker Mike Johnson (R-Louisiana) discusses the bill, funding for Israel , the US deficit, and the difficulties of a divided Congress. The Department of Justice has sued Apple , alleging the company’s anti-competitive practices extend beyond its hardware products. CNBC’s Steve Kovach explains Apple’s business strategy and regulatory hurdles. Plus, Elon Musk’s Neuralink has landed a big win. Mohamed El-Erian - 04:23 Rep. Mike Johnson - 16:19 Steve Kovach - 31:25 In this episode: Mike Johnson, @SpeakerJohnson Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer: @Kramer_Katie
Wed, March 20, 2024
Election season brings concerns of disinformation, interference, and deep fakes. Former Chief Security Officer of Facebook and current SentinelOne Chief Trust Officer Alex Stamos shares his biggest concerns for voters and democracy this year. A government shutdown looms once again, over lawmakers; CNBC’s Emily Wilkins discusses the spending bills that Congress still needs to pass before the deadline. Also in DC, the Biden administration will give Intel up to $8.5B in direct funding for computer chips in four states. Plus, Chipotle is moving forward with a 50-for-1 stock split , and happy International Day of Happiness! Harvard Professor and host of “How to Build a Happy Life” Arthur Brooks shares his tips for living better. Emily Wilkins - 14:09 Alex Stamos - 20:56 Arthur Brooks - 30:44 In this episode: Arthur Brooks, @arthurbrooks Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer: @Kramer_Katie
Tue, March 19, 2024
Nvidia has unveiled its newest generation AI chip: the Blackwell GB200. At the company’s developers conference in San Jose, CEO Jensen Huang explains Nvidia’s newest (and biggest) GPUs, as well as its latest software product. Harvest Portfolio Management’s Paul Meeks discusses the new chip and Nvidia’s forward-looking strategy. The real estate industry is undergoing its biggest change in decades: the National Association of Realtors’ $418m settlement has changed the standard structure for commissions. Bravo star of “Million Dollar Listing New York” and “Sell It Like Serhant” Ryan Serhant explains the changes for buyers, sellers, and agents. Plus, filmmaker George Lucas is backing Disney CEO Bob Iger in the company’s proxy battle with activist investor Nelson Peltz. Becky Quick reports that Lucas is Disney’s largest individual shareholder. Paul Meeks - 04:06 Ryan Serhant - 14:07 In this episode: Ryan Serhant, @RyanSerhant Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Mon, March 18, 2024
Apple is reportedly in talks with Google to license AI model suite Gemini for iPhones. CNBC’s Steve Kovach discusses the report and the impact it could have on regulatory concerns for big tech. Palantir co-founder and tech investor/entrepreneur Joe Lonsdale shares his perspective on Reddit’s imminent IPO and on AI’s trajectory, both for economic efficiency and for sentience. Japan’s Nippon Steel plans to buy U.S. Steel for over $14B, but President Biden has spoken out against the deal. President of the U.S. Steel Union David McCall explains why he welcomes the President’s comments. Plus, the Fed kicks off its next two day policy meeting this week, and Vladimir Putin will serve another six-years as Russia’s leader. Steve Kovach- 10:12 Joe Lonsdale - 15:18 David McCall - 25:56 In this episode: Joe Lonsdale, @JTLonsdale Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Fri, March 15, 2024
Saudi Arabia is reportedly making a $1B pitch to the women’s and men’s professional tennis tours, in the Kingdom’s latest push into global sports . Coach to Coco Gauff and former tennis pro Brad Gilbert joins from the Indian Wells tournament to discuss the changes afoot for tennis. TikTok dad-ager and D’Amelio Brands co-founder Marc D’Amelio is managing risk to Dixie and Charli D’Amelio’s TikTok revenue streams as the TikTok divest-or-ban bill progresses in Congress. Plus, United Airlines is looking to Airbus, amid Boeing’s manufacturing issues, and hot inflation data could cool the pace of the Fed’s next move on interest rates. Marc D'Amelio - 17:21 Brad Gilbert - 23:44 In this episode: Brad Gilbert, @bgtennisnation Marc D’Amelio, @marcdamelio Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, March 14, 2024
Former Treasury Secretary Steven Mnuchin is looking at buying TikTok, after the House passed a bill pushing for Bytedance’s divestiture of the platform. Mnuchin weighs in on the social media business, the U.S. deficit, and former President Donald Trump’s vision for another 4 years in the White House. Disney is in the midst of a proxy fight with billionaire activist investor Nelson Peltz. 13D Monitor founder Kenneth Squire explains the various characters and their roles in the drama, including Ike Perlmutter, former Disney CFO Jay Rasulo, and Disney’s CEO Bob Iger. Plus, Altria is selling over $2B of its stake in AB InBev, and former CNN anchor Don Lemon’s X show is no more , after Elon Musk canceled the partnership…after he gave Lemon an interview. Steven Mnuchin - 14:14 Kenneth Squire - 34:19 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, March 13, 2024
The House has passed a bill calling for Chinese giant Bytedance to divest TiKTok US or face a stateside ban. Senator Ted Cruz (R-Tex.) explains how he’ll consider the legislation once it gets to the Senate, as well as his concerns about CCP involvement in tech used in the United States. Alaska Airlines has confirmed that the plane whose door plug blew out mid-flight was scheduled for maintenance later that day . CNBC’s Phil Lebeau discusses Boeing’s 737 Max crisis and the subsequent lawsuit , flight cuts, and path forward. Plus, a report from The New York Times highlights car features that share driver behavior with insurance companies that use the data to set premiums. Former White House Chief Information Officer Theresa Payton considers the consumer data privacy issues at play. Phil Lebeau - 02:37 Sen. Ted Cruz - 17:20 Theresa Payton - 32:38 In this episode: Ted Cruz, @SenTedCruz Theresa Payton, @TrackerPayton Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Tue, March 12, 2024
Ahead of the Reddit IPO , former Reddit CEO Ellen Pao discusses the platform’s reliance on Reddit users and its data-selling strategy for profitability as a public company. Plus, she weighs in on the dangers of unchecked online forums, suggesting that TikTok may be one of multiple national security risks . Also online, entrepreneur Sonny Caberwal is attempting to use social media AI algorithms for good; his app Legends builds confidence in young internet users before they develop mental health issues from negativity online. Plus, JPMorgan Chase CEO Jamie Dimon is urging the Fed to wait for a rate cut, and the FAA audit of the Boeing 737 Max production facility reportedly found “dozens of issues.” Ellen Pao - 12:44 Sonny Caberwal - 23:32 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Mon, March 11, 2024
In an extended interview, presumptive Republican presidential nominee Donald Trump shares his vision for TikTok, China, electric vehicles, and tariffs, should he win the 2024 election. Trump discusses his March meeting with Elon Musk , as well as his recent shift in position on banning TikTok. He points to curbing the growth of Facebook, which he considers “an enemy of the people,” as one reason not to ban TikTok. Former SEC Chairman Jay Clayton, a one-time member of the Trump administration, considers the regulatory changes awaiting in a second Trump administration. On Capitol Hill, lawmakers prepare to vote on a bill that could block TikTok in the U.S. ; CNBC’s Emily Wilkins reports, many DC players are lobbying for the platform. Plus, CNBC’s Leslie Picker has the details of Reddit’s updated IPO filing , bitcoin is climbing, and Nvidia is weathering a lawsuit and some stock volatility. Emily Wilkins - 03:47 Leslie Picker - 09:47 Jay Clayton - 14:19 Donald J. Trump - 15:03 In this episode: Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Melissa Lee, @MelissaLeeCNBC Cameron Costa, @CameronCostaNY
Fri, March 08, 2024
President Biden delivered his State of the Union , addressing the tax code, inflationary pressures, and American unions 8 months before the 2024 election. Axios National Political Correspondent Alex Thompson discusses the speech, the reception on the hill, and the impact it may have on voters. TikTokkers inundated their government representatives with calls this week, as lawmakers voted on legislation targeting the platform’s parent company ByteDance. A House committee unanimously approved a bill aimed at forcing a ByteDance divestiture of TikTok; Representative Cathy McMorris Rodgers (R-Wash.) explains the bill’s intended impact, and characterizes the move as “not a ban.” Plus, the February jobs report came in above expectations, while unemployment ticked up to 3.9%. Former Federal Reserve Vice Chair Roger Ferguson explains how the report is likely to impact the Fed’s interest rate strategy in 2024. Alex Thompson - 04:29 Rep. Cathy McMorris Rodgers - 19:45 Roger Ferguson - 27:42 In this episode: Rep. Cathy McMorris Rodgers, @cathymcmorris Alex Thompson, @AlexThomp Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Thu, March 07, 2024
Becky Quick sits down with RTX Chairman and CEO Greg Hayes in Washington, DC, where he’s meeting with fellow Business Roundtable members. Hayes discusses military support and funding for Ukraine, AI technologies on the battlefield, and bolstering jobs at home in the U.S. In this episode: Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Thu, March 07, 2024
Becky Quick sits down with ConocoPhillips CEO Ryan Lance in Washington, DC, where he’s meeting with fellow Business Roundtable members. Lance discusses the economic optimism displayed in the latest BRT CEO Survey, as well as his concerns about regulation in his industry and beyond. Energy giants are hoping to consolidate, and Lance reacts to the government’s scrutiny on those deals. In this episode: Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Wed, March 06, 2024
Nikki Haley has ended her bid for the White House as the country digests Super Tuesday’s results. Harvard Professor and host of “How to Build a Happy Life” Arthur Brooks discusses the “dark triad” of American politics, and he offers a guide to navigate the 8 polarizing months until election day. Dartmouth’s Men’s Basketball has voted to unionize ; Sports Business Journal reporter Ben Portnoy explains the gravity of this moment for college athletics. Plus, OpenAI has responded to Elon Musk ’s lawsuit. Arthur Brooks - 13:23 Ben Portnoy - 23:39 In this episode: Arthur Brooks, @arthurbrooks Ben Portnoy, @bportnoy15 Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Tue, March 05, 2024
It’s Super Tuesday! Republicans in 15 states are voting for their preferred Presidential candidate while Democrats hold their own primaries and caucuses across multiple states. Target reported better-than-expected results in the holiday quarter. CEO Brian Cornell discusses the retailer’s plans to open new stores and navigate food and beverage inflation. Even Cookie Monster has an opinion: “Me hate shrinkflation!” Transportation Secretary Pete Buttigieg discusses airline safety and manufacturing standards in light of Boeing’s recent issues. Secretary Buttigieg weighs in on border security, party politics in Washington, and job creation across the country. Plus, Google co-founder Sergey Brin has admitted, they “definitely messed up,” on the company’s AI Gemini training, and Jeff Bezos has replaced Elon Musk as the world’s richest person–for now. Megan Cassella - 03:39 Brian Cornell - 11:48 Secretary Pete Buttigieg - 26:56 In this episode: Pete Buttigieg, @SecretaryPete Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Mon, March 04, 2024
Congress has released details of six budget bills to avert a government shutdown this weekend. Also in DC, Nikki Haley has notched her first win of the 2024 election cycle , just in time for Super Tuesday. Dune 2 raked in $81 million in its box office debut, a big win for Warner Bros. Discovery. Lightshed’s Rich Greenfield discusses the movie-goer landscape and the best releases on streaming and in theaters. The EU has hit Apple with a $1.95B antitrust fine . CNBC’s Steve Kovach explains what’s next for the tech giant, and whether its latest hardware innovations can make up for its undivulged AI strategy. Plus, this Women’s History Month, journalist Joanne Lipman is highlighting the economic value of women in the workforce–both for companies and for the country’s GDP. Steve Kovach - 10:54 Rich Greenfield - 16:54 Joanne Lipman - 23:07 In this episode: Joanne Lipman, @joannelipman Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, March 01, 2024
Elon Musk is suing OpenAI , the company he co-founded. His argument: Sam Altman and the OpenAI team have departed from the founding mission to innovate “for the benefit of humanity broadly.” Along with the rest of the country, New York City is navigating a migrant crisis . NYC Mayor Eric Adams discusses his plans for the city’s newest residents, the city’s uptick in illegal marijuana shops, regulating social media, and the rising presence of electric vehicles. Plus, a month after Apple launched its Vision Pro , Wall Street Journal personal tech columnist Joanna Stern says she’s using it differently now, than she was at first–like on planes and for workouts. Steve Kovach - 09:12 Mayor Eric Adams - 18:32 Joanna Stern - 33:10 In this episode: Eric Adams, @NYCMayor Joanna Stern, @JoannaStern Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Thu, February 29, 2024
China’s auto business is booming , with electric vehicles filling roads around the world. Phil Lebeau with a surprising report on global demand from South America. The Commerce Department will investigate national security risks from “connected autos” that have parts manufactured in China or other countries of concern. Council on Foreign Relations President Michael Froman describes the potential risks to Americans’ data. The Anti-Defamation League’s Jonathan Greenblatt discusses new data that shows 24% of Americans harbor antisemitic prejudice, a number showing a concerning rise. Plus, Emily Wikins on the averted government shutdown , Oprah departs the WW board at a tough time for the weight-loss company and Wendy’s clarifies dynamic pricing . Emily Wilkins - 02:21 Phil Lebeau - 13:49 Michael Froman - 17:19 Jonathan Greenblatt - 24:50 In this episode: Michael Froman, @MikeFroman Jonathan Greenblatt, @JGreenblattADL Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Wed, February 28, 2024
Apple is winding down its electric car strategy after 10 years of quiet work. Apple is also reportedly making a last effort to avert an antitrust probe. UnitedHealth, owner of the largest insurer in the U.S. , is facing an antitrust probe of its own. Former FDA Commissioner Dr. Scott Gottlieb argues that consolidation in the industry is partly a consequence of hospitals and physicians losing money on Medicare. Starbucks and Workers United are making progress. Unionized Starbucks employees will now receive the wage hikes their nonunion colleagues received in 2022. Plus, AI is coming for every industry and every workplace. Former head of HR for Goldman Sachs Edith Cooper discusses the risks of new technology and the value that human workers still offer. Dr. Scott Gottlieb - 16:48 Edith Cooper - 25:14 In this episode: Scott Gottlieb, @ScottGottliebMD Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Melissa Lee, @MelissaLeeCNBC Katie Kramer, @Kramer_Katie
Tue, February 27, 2024
Google has taken its Gemini AI image generator offline after the tool’s historically inaccurate images prompted criticism across the internet. Heroic Ventures founder, futurist and podcaster Michael Fertik discusses various LLM controversies–some involving Elon Musk–and the solutions to bias in AI. Fertik underlines the importance of these “fixes” early in AI adoption, before AI-generated inaccuracies find their way into public knowledge. Anthony Scaramucci breaks down CNBC’s latest conversation with JPMorgan CEO Jamie Dimon , including his perspective on the economy , bitcoin, and politics. Plus, CNBC’s Sharon Epperson loves talking about personal finance, but a new survey shows that many people–and many women–do not. Tune into CNBC’s “Women & Wealth” event on March 5th for more personal finance conversation. Anthony Scaramucci - 02:53 Michael Fertik - 22:41 Sharon Epperson - 31:13 In this episode: Michael Fertik, @michaelfertik Anthony Scaramucci, @scaramucci Sharon Epperson, @Sharon_Epperson Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, February 26, 2024
Nikki Haley lost to former President Donald Trump in the South Carolina Republican primary, but she’s committed to her campaign. Punchbowl News co-founder Jake Sherman discusses the 2024 race and its impact on progress in Congress. Amid uncertainty, the market has hit 52-week highs ; whatever happens, Professor Jeremy Siegel says he’s bullish on the markets. Plus, a BP executive’s husband pleaded guilty to work-from-home eavesdropping and insider trading, and retail analyst Dana Telsey explains the trend cycles–and the inevitable return of skinny jeans. Dana Telsey - 15:15 Jeremy Siegel - 20:06 Jake Sherman - 30:58 In this episode: Jake Sherman, @JakeSherman Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, February 23, 2024
Reddit has filed for an IPO ! The social media company plans to list on the New York Stock Exchange under the ticker RDDT, but Wall Street is asking questions about its business model–and its plans for advertising. Big Technology founder Alex Kantrowitz parses the S-1 filing and the company’s growth trajectory. Spot bitcoin ETFs are available to the masses, thanks to last month’s regulatory approval, and Grayscale CEO Michael Sonnenshein explains where he’s hoping to find his next set of returns. On Thursday, the markets rallied–the Dow Jones Industrial Average clocked its 13th record close so far in 2024, after Nvidia’s knockout quarter. Plus, it’s the first US lunar landing in 50 years , and it’s the first company moon landing ever. Alex Kantrowitz - 15:50 Michael Sonnenshein - 21:58 In this episode: Alex Kantrowitz, @Kantrowitz Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, February 22, 2024
Nvidia’s fourth quarter blew past expectations. The chip maker's revenue tripled from last year, hitting $22B in one quarter. Sapphire Ventures partner Cathy Gao explains how Nvidia’s boom is impacting the private AI market. Another company did not fare as well in its fourth quarter: Rivian. The EV-maker is cutting 10% of its workforce. The Presidential candidate Nikki Haley is still fundraising ; Puck founder Teddy Schleifer weighs in on the 2024 race, the slate of candidates, and the likelihood of a newcomer in the Democratic Party. Plus, the circus is back! Kenneth Feld, CEO of Feld Entertainment and owner of the Ringling Bros. Barnum & Bailey Circus, discusses the event’s return to audiences–without animals. Cathy Gao - 4:26 Teddy Schleifer - 12:06 Kenneth Feld - 25:41 In this episode: Teddy Schleifer, @teddyschleifer Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, February 21, 2024
Washington lawmakers like Senator Elizabeth Warren (D-Mass.) are raising concerns over Capital One’s planned acquisition of Discover . Antitrust laws and consumer protections are just part of the regulatory pushback on the deal . Pulitzer Prize-winning author Charles Duhigg is out with a new book, “Supercommunicators.” He explains what differentiates a good communicator from a super one, including a polite, inquisitive attitude. Manhattan Institute’s Allison Schrager warns that 401ks might be gone in 10 years, as the government seeks additional sources of revenue. Plus, Uber joins Dow Transports, Amazon joins the Dow Jones Industrial Average , and Intuitive Machines’ stock–and lunar mission –is on the move. Charles Duhigg - 13:21 Allison Schrager - 24:47 In this episode: Charles Duhigg, @cduhigg Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, February 20, 2024
It’s big news for your wallet: Capital One is set to acquire Discover in a $35.3B all-stock deal, pending any regulatory hurdles. In the run-up to the 2024 election, Axios co-founder Mike Allen is watching two key issues: President Biden’s upcoming State of the Union, and former President Trump’s days in court. In DC, the Biden administration is awarding chipmaker GlobalFoundries $1.5B for semiconductor production; National Economic Council Director Lael Brainard discusses the White House’s program to bolster jobs and chips in the US. Plus, crude prices and bitcoin prices are on the rise. Lael Brainard - 10:46 Mike Allen - 21:09 In this episode: Mike Allen, @mikeallen Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, February 16, 2024
Russian media has announced the death of Alexei Navalny, the imprisoned opponent to Vladimir Putin . Convening with other global defense leaders at the Munich Security Conference, former CIA Director General David Petraeus discusses Navalny’s death and legacy, as well as news that the FBI disrupted a Russian cyber espionage operation. Disney, Warner Bros. Discovery, and Fox might face regulatory scrutiny for their attempt to launch a new sports streaming platform. Former FTC Commissioner Mozelle Thompson discusses the streamers’ potential plans and how the sports leagues have responded. A Saudi investing group is snapping up shares of The Children’s Place, and both Roku and DraftKings stocks fell on each company’s respective quarterly reports. Plus, the NCAA has a new women’s high-scorer, after Iowa’s Caitlin Clark broke the all-time NCAA scoring record in Thursday night’s game. Gen. David Petraeus - 11:42 Mozelle Thompson - 22:09 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Thu, February 15, 2024
Thousands of flight attendants are picketing at dozens of airports around the country. President of the Association of Flight Attendants Sara Nelson explains the wage increases her colleagues are requesting. Cisco and Morgan Stanley are the latest firms to announce layoffs, joining the ranks of UPS, Paramount Global, Amazon, Macy’s, Alphabet, Levi Strauss, and others. Recruiter.com chairman Evan Sohn discusses a workforce “reshuffling” across industries, including the impact of AI on hiring trends. Japan and the U.K. are facing recessions , New York City is taking on social media, and Berkshire Hathaway has asked the SEC to keep its disclosure of one of its investments private. CNBC’s Leslie Picker discusses hedge fund moves in Q4, as shown in 13F filings . Plus, 15 years after authorities discovered Texas billionaire R. Allen Stanford’s $7B Ponzi scheme, CNBC’s Scott Cohn follows the ongoing issues for Stanford’s 18,000 victims. Leslie Picker - 05:28 Scott Cohn - 08:17 Sara Nelson - 13:49 Evan Sohn - 23:07 In this episode: Sara Nelson, @FlyingwithSara Leslie Picker, @LesliePicker Scott Cohn, @ScottCohnTV Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, February 14, 2024
A month after approving spot Bitcoin ETFs , SEC Chair Gary Gensler shares his perspective on cryptocurrency. In an extended conversation with Joe Kernen, Becky Quick, and Andrew Ross Sorkin, he discusses market risks for investors, the responsibilities of investment advisors employing AI, and much more. Hot CPI data on Tuesday sparked a market sell-off and suggested that America’s inflation woes are far from over. Plus, an error in Lyft’s earnings report sent the stock into a Lyft-off, and the Democrats flipped a House seat in a special election on Long Island. Gary Gensler - 14:32 In this episode: Gary Gensler, @GaryGensler Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, February 13, 2024
Expedia’s CEO says travelers are in a new era after post-pandemic revenge travel has faded. Peter Kern explains travel demand and his four years turning the travel company technology first, as he prepares to leave the C-suite in May. Author Jared Cohen has penned a new book; in “Life After Power,” Cohen examines the chapters after leadership for seven U.S. Presidents who explored new roles and more purpose after leaving the White House. Uber, Lyft, and Doordash drivers plan on striking this week, and thousands of flight attendants will also picket, both groups pushing for higher pay. Plus, viral (Berkshire Hathaway-owned) Squishmallows is suing a competitor, flight and CNBC’s Emily Wilkins reports that the Senate has passed a $95B bill that includes aid funding for Israel, Ukraine, and Taiwan. Emily Wilkins - 02:50 Peter Kern - 11:46 Jared Cohen - 21:07 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, February 12, 2024
Elon Musk is swapping Neuralink’s Delaware incorporation for one in Nevada, after a Delaware judge struck down his $55.8B Tesla pay package . Separately, the SEC has asked Musk to testify in a probe of his Twitter takeover. Elon Musk biographer and Perella Weinberg advisory partner Walter Isaacson shares takeaways from his time chronicling the billionaire, including Musk’s frustration with multiple regulatory threats. Plus, after the Kansas City victory, Kevin Krim, CEO of advertising tracking company EDO, explains which Super Bowl ads paid off for advertisers ; paying around $7B for 30 seconds, big brands bet big on the big game. President Biden’s Super Bowl message hit on snacks–and shrinkflation. Walter Isaacson - 18:21 Kevin Krim - 29:18 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, February 09, 2024
President Biden spoke to reporters yesterday, rebutting claims made in Special Counsel Robert Hur’s recent report and defending his memory. Axios National Political Correspondent Alex Thompson discusses sentiment in DC and at the White House, as well as the paths forward for the Democratic Party as the country gears up for the 2024 election in just 9 months. The S&P 500 is flirting with a milestone: 5,000. Fairlead Strategies Founder Katie Stockton breaks down the market technicals and trends underlying this big mark for the S&P. Plus, Expedia announced a new CEO in its latest report, and Pinterest is launching a Google app integration . And we’re preparing for the Super Bowl…with chips! OpenAI’s Sam Altman is hoping to raise trillions of dollars for the semiconductor kind of chips, and Joe Kernen, Andrew Ross Sorkin, and Melissa Lee have their appetites on the other kind of chips. Alex Thompson - 15:19 Katie Stockton - 31:08 In this episode: Alex Thompson, @AlexThomp Katie Stockton, @StocktonKatie Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Melissa Lee, @MelissaLeeCNBC Katie Kramer, @Kramer_Katie
Thu, February 08, 2024
In this bonus episode of Squawk Pod, Google CEO Sundar Pichai discusses Google’s newest iteration of AI, now known as Gemini . He explains which aspects of Google’s AI excite him the most, including Gemini’s ability to interpret images and video. Plus, Pichai comments on AI’s innovation trajectory, combating deep fakes, and working with regulators to build a safe internet. Andrew Ross Sorkin digests the interview with Joe Kernen, and Becky Quick. In this episode: Sundar Pichai, @sundarpichai Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, February 08, 2024
Disney’s first quarter earnings report beat estimates and revealed multiple new deals, releases and events in the year ahead. Disney’s new CFO Hugh Johnston discusses the media giant’s investment in Epic Games , its plan for an ESPN sports streaming service, and Taylor Swift’s Eras Tour, soon available on Disney+. Plus, NBC’s Chief International Correspondent Keir Simmons is on the ground in Iraq , after a U.S. drone strike killed a commander in an Iran-backed militia. Keir Simmons - 02:16 Hugh Johnston - 14:35 In this episode: Keir Simmons, @KeirSimmons Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, February 07, 2024
Disney-owned ESPN, Warner Bros. Discovery, and Fox are launching a joint sports streaming platform this year, with each party owning a third of the newly formed company. Sports entrepreneur and Kevin Durant’s long-time agent Rich Kleiman says he likes the media move, for sports and for athletes, although many factors–like the cost for consumers and the name of the venture–are still unknown. Plus, in his latest essay, Minneapolis Fed President Neel Kashkari is reading the economy’s mixed signals. In his interview with Joe Kernen, Becky Quick, and Andrew Ross Sorkin, he’s calling the U.S. economy “remarkably resilient,” but he and his colleagues at the central bank are holding out for more positive economic data before making a decision to cut interest rates. Neel Kashkari - 15:28 Rich Kleiman - 29:02 In this episode: Rich Kleiman, @richkleiman Neel Kashkari, @neelkashkari Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, February 06, 2024
Billionaire investor Leon Cooperman forecasts that stocks could see losses this year, while long-duration Treasury yields could test higher again. The Omega Family Office chairman and CEO also discusses the latest market trends, the Fed’s rate path decision, state of the economy, antisemitism on campus, the 2024 Presidential race, Elon Musk, and more. Shares of Palantir popped Tuesday , a day after the company released fourth-quarter earnings that detailed strong demand for its AI offerings. Plus, Boeing’s grappling with its latest issues, and Snap says it will lay off 10% of its workforce worldwide to “promote in-person collaboration.” Leon Cooperman - 13:33 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, February 06, 2024
Episode 3, Catching a Spy: CNBC’s Eamon Javers reveals the fate of Xu Yanjun, the spy from China that targeted GE and one of its engineers. He also talks to the leaders of the Senate Intelligence Committee, FBI Director Christopher Wray and China experts to find out what key U.S. industries are in the crosshairs of China’s plans for global economic domination and what risks this poses to U.S. businesses. He also explores the fallout to the Chinese American community from a Department of Justice program initiated in 2018 to investigate cases of U.S. technology theft by the Chinese government. Javers also finds out that the federal investigation into Xu Yanjun led to a surprising discovery. ---- CNBC Documentaries examines the case of a Chinese government spy who tried to steal trade secrets from some of America’s biggest companies, including GE, Boeing and Honeywell. Correspondent Eamon Javers talks with prosecutors, intelligence experts and government officials, including the Director of the FBI, Christopher Wray — all of whom say the case is an example of China’s desire to dominate global markets through any means necessary, including stealing technology from the heart of corporate America. In this special podcast series, Javers explores the shadowy world of spies and the industrial battle space that has millions of U.S. jobs on the line. “China’s Corporate Spy War” originally aired on CNBC in June 2023. To watch China's Corporate Spy War and other CNBC Documentaries go to: https://www.cnbc.com/documentaries/
Tue, February 06, 2024
Episode 2, Tricks of Tradecraft: CNBC’s Eamon Javers talks to a former chief of counterintelligence at the CIA, James Olson, whose expertise from his 31-year career makes him essential to understanding the case of a spy from China who targeted GE’s jet engine trade secrets. Javers also interviews aviation analysts to discuss the challenges China faces in building its own commercial passenger planes, why it would be after GE’s technology, and why the technology is so difficult to master or replicate. ---- CNBC Documentaries examines the case of a Chinese government spy who tried to steal trade secrets from some of America’s biggest companies, including GE, Boeing and Honeywell. Correspondent Eamon Javers talks with prosecutors, intelligence experts and government officials, including the Director of the FBI, Christopher Wray — all of whom say the case is an example of China’s desire to dominate global markets through any means necessary, including stealing technology from the heart of corporate America. In this special podcast series, Javers explores the shadowy world of spies and the industrial battle space that has millions of U.S. jobs on the line. “China’s Corporate Spy War” originally aired on CNBC in June 2023. To watch China's Corporate Spy War and other CNBC Documentaries go to: https://www.cnbc.com/documentaries/
Tue, February 06, 2024
Episode 1, A Spy Finds His Target: CNBC Documentaries dives into the undercover world of economic espionage and details an illicit campaign by China’s government to steal high tech trade secrets from some of the biggest companies in the United States. Correspondent Eamon Javers follows the story of Xu Yanjun, a Chinese government spy who targeted GE and one of its engineers in an attempt to steal valuable proprietary information about its jet engine technology. Javers travels to Cincinnati where the company is based and interviews prosecutors that worked on the Xu case, finding out how the spy targeted the engineer, lured him to China and set in motion a federal investigation. ---- CNBC Documentaries examines the case of a Chinese government spy who tried to steal trade secrets from some of America’s biggest companies, including GE, Boeing and Honeywell. Correspondent Eamon Javers talks with prosecutors, intelligence experts and government officials, including the Director of the FBI, Christopher Wray — all of whom say the case is an example of China’s desire to dominate global markets through any means necessary, including stealing technology from the heart of corporate America. In this special podcast series, Javers explores the shadowy world of spies and the industrial battle space that has millions of U.S. jobs on the line. “China’s Corporate Spy War” originally aired on CNBC in June 2023. To watch China's Corporate Spy War and other CNBC Documentaries go to: https://www.cnbc.com/documentaries/
Mon, February 05, 2024
Senators have unveiled a $118B bipartisan deal for international aid and border security , but it might face resistance in the House. Senator Mark Warner (D-Virginia) explains the package and his greatest security concerns after the U.S. and U.K. military strikes in Syria, Iraq, and Yemen . Just Capital is out with the JUST 100, the annual ranking of U.S. companies on 20 core issues and 5 key stakeholders: workers, communities, shareholders & governance, customers, and the environment. CNBC’s Brandon Gomez explains the ranking system and reports that this year, Hewlett Packard Enterprise topped the list with its employee benefits and environmental goals and policies. Founder of Just Capital–and founder of Tudor Investments–Paul Tudor Jones discusses the value of the JUST rankings, and HPE CEO Antonio Neri discusses the attention to all stakeholders that shapes his business. Plus, Boeing’s found another quality issue in its 737s, and Taylor Swift will make it home from Tokyo–just in time for the Super Bowl. Senator Mark Warner - 13:28 Paul Tudor Jones & Antonio Neri - 28:15 In this episode: Paul Tudor Jones, @ptj_official Antonio Neri, @AntonioNeri_HPE Sen. Mark Warner, @MarkWarner Brandon Gomez, @bgomezreports Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, February 02, 2024
Becky Quick and Joe Kernen are live at AT&T Pebble Beach Pro Am. The two sit down with AT&T CEO John Stankey to discuss sponsoring the golf tournament, the company’s latest earnings report, future of communications, and more. Plus, back in New York, Andrew Ross Sorkin is trying on the Apple Vision Pro along with The Wall Street Journal’s Senior Personal Technology Columnist Joanna Stern. She gives her take on the new Apple product, how it compares to other mixed reality headsets, and if it’s worth the $3,500 price tag. Also, the U.S. economy added 353,000 jobs in January, crushing expectations but raising questions about future decisions on rate hikes by the Federal Reserve. And American Express CEO Stephen Squeri shares lessons learned from the pandemic, insights from Warren Buffett, and collaborations with other businesses to offer deals on Amex cards. Joanna Stern - 12:06 John Stankey - 21:23 In this episode: Joanna Stern, @ JoannaStern Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Zach Vallese, @zachvallese
Thu, February 01, 2024
CEOs from the top social media companies testified yesterday on Capitol Hill about safeguarding children on their respective platforms. Arturo Béjar, former Facebook engineering director and former Instagram consultant, discussed key takeaways, what companies can do to safeguard their apps, and more. Frank Luntz, FIL Inc. pollster and political strategist, discusses the state of the 2024 race and why many Biden voters are looking for a change. Interest rate cut expectations were pushed out Wednesday after Federal Reserve Chair Jerome Powell said it’s unlikely the central bank will lower rates in March. Plus, Elon Musk asked his followers via a straw poll on X whether Tesla should change the state where it is incorporated to Texas, where its physical headquarters are. More than 80% of those who voted said yes. Arturo Béjar: 15:23 Frank Luntz: 23:02 In this episode: Frank Luntz, @FrankLuntz Melissa Lee, @MelissaLeeCNBC Andrew Ross Sorkin, @andrewrsorkin Michael Santoli, @michaelsantoli Zach Vallese, @zachvallese
Wed, January 31, 2024
A Delaware judge has invalidated Tesla CEO Elon Musk's $56 billion pay package, citing the board's failure to prove its fairness and lack of evidence regarding negotiations. Thousands have been laid off across the tech industry , including at Microsoft, Alphabet, eBay, and PayPal. Alex Kantrowitz, founder of Big Technology, considers AI’s impact on the workforce . Starbucks lowered its same store sales forecasts and reported a growth in iced drinks, in its latest quarter. CFO Rachel Ruggeri outlines the company's first quarter , its 2024 outlook, and consumer appetite, abroad and at home. Plus, Nikki Haley is still fundraising from billionaires, and Universal Music Group will pull its music–like that of Taylor Swift and Olivia Rodrigo–off of TikTok . Alex Kantrowitz - 15:10 Rachel Ruggeri - 21:45 In this episode: Alex Kantrowitz, @Kantrowitz Contessa Brewer, @contessabrewer Robert Frank, @robtfrank Michael Santoli, @michaelsantoli Cameron Costa, @CameronCostaNY
Tue, January 30, 2024
The Federal Reserve begins its two-day meeting today, deciding whether to cut interest rates, raise them, or hold them steady. Allianz chief economic advisor Mohamed El-Erian discusses his expectations for this week’s meeting, as well as the bigger picture of the U.S. in context with the EU’s economy . Wall Street billionaires are fundraising for Presidential hopeful Nikki Haley today; Puck’s founding partner Teddy Schleifer shares his outlook on Haley’s trajectory and on the relevance of Wall Street donors in DC politics. Plus, OpenAI is working on AI safety and education guidelines for teens , Elon Musk says his Neuralink chip has been successfully implanted in a human’s brain, Tom Brady has made a “Nobull” deal , and IBM is cracking down on its work-from-home policy. Teddy Schleifer - 12:17 Mohamed El-Erian - 22:05 In this episode: Teddy Schleifer, @teddyschleifer Becky Quick, @BeckyQuick Michael Santoli, @michaelsantoli Cameron Costa, @CameronCostaNY
Mon, January 29, 2024
Presidential hopeful Nikki Haley says she’ll stay in the race for the White House at least through Super Tuesday. After three U.S. troops were killed in a drone strike in Jordan , Haley shares how she’d manage tensions with Iran and conflict in the region, as well as her plan to secure America’s borders . The Federal Trade Commission is taking a close look at big tech’s deals for AI innovators; FTC Chair Lina Khan explains her rationale for scrutiny and her strategy for encouraging American competitiveness through regulation. Plus, Vince McMahon has resigned from WWE and TKO Group following disturbing allegations against him. Nikki Haley - 15:16 Lina Khan - 27:36 In this episode: Nikki Haley, @NikkiHaley Lina Khan, @linakhanFTC Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, January 26, 2024
NBA legend Dwyane Wade has launched a new podcast, “The Why with Dwyane Wade.” The businessman, author, philanthropist, and newly Oscar-nominated documentary producer discusses his attitude toward lifelong learning and his commitment to tell impactful stories on his platforms. President Biden has paused approvals for U.S. exports from new liquefied natural gas projects . Secretary of Energy Jennifer Granholm explains the environmental reviews taking place during the pause, as well as the administration’s approach to electrification. The PCE, the Federal Reserve’s preferred metric for inflation, showed the pace of inflation is cooling , setting the stage for next week’s Fed meeting. Plus, CNBC’s Jane Wells is on the ground in Maui, following the community’s recovery from the devastating fires six months ago. Jane Wells - 07:30 Sec. Jennifer Granholm - 12:44 Dwyane Wade - 26:28 In this episode: Dwyane Wade, @DWade Jane Wells, @janewells Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, January 25, 2024
GDP in the fourth quarter of 2023 increased 3.3%, beating economist expectations. After Tesla reported a miss on revenue and profit in its fourth quarter , CNBC’s Phil Lebeau explains the results and the slowing growth for EV makers across the board. Plus, gearing up to the general election, Financial Services Committee Chair Rep. Patrick McHenry (R-North Carolina) discusses the push to get deals done in Congress. IBM, eBay, TikTok, Amazon, Google and other tech players are laying off workers ; employment consultant Jason Greer explains the role of AI in today’s evolving labor market. Phil Lebeau - 4:08 Jason Greer - 19:29 Patrick McHenry - 32:51 In this episode Rep. Patrick McHenry, @PatrickMcHenry Phil Lebeau, @Lebeaucarnews Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, January 24, 2024
Nikki Haley has lost to Donald Trump in the New Hampshire primary , but she’s staying in the race. Pollster and strategist Frank Luntz discusses her chances of succeeding in the next primary, in her home state of South Carolina. After multiple manufacturing issues in the last few years, Boeing’s CEO Dave Calhoun is meeting with lawmakers on Capitol Hill. One leader he’s meeting: Senator Jerry Moran (R-Kan.), ranking member of the Aviation Subcommittee, who’s sharing his concerns for passenger safety and regulatory oversight at the company. Plus, CNBC’s Julia Boorstin has big WWE and subscriber news from Netflix , and Samsung is now competing with Oura in the wearable tech space. Oura CEO Tom Hale discusses the Oura ring’s popularity and many patents, and the limitations of physics and technology that make developing proprietary wearable health tech–like Oura rings and Apple Watches –so tricky. Frank Luntz - 4:16 Jerry Moran - 15:09 Tom Hale - 24:24 Julia Boorstin - 34:47 In this episode: Sen. Jerry Moran, @JerryMoran Julia Boorstin, @JBoorstin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Tue, January 23, 2024
The New Hampshire primary is underway! New Hampshire Governor Chris Sununu discusses the current face-off between Nikki Haley and former President Donald Trump, and explains the importance of momentum for Haley’s White House bid. United Airlines reported its fourth quarter results , but investors are zeroed in on the airline’s first quarter forecast. CNBC’s Phil LeBeau and United CEO Scott Kirby discuss the pressure Boeing’s manufacturing issues have placed on United’s business, and the effect Max 9 groundings will have on the airline’s financials. Plus, Jack Ma and Joe Tsai are doubling down on Alibaba , the company they cofounded, and the SEC has new details on its X account hack –and the fake bitcoin post currently under FBI, CFTC, and DoJ scrutiny. Chris Sununu - 11:50 Scott Kirby - 19:31 In this episode: Chris Sununu, @GovChrisSununu Scott Kirby, @united Phil Lebeau, @Lebeaucarnews Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Mon, January 22, 2024
Florida Governor Ron Desantis has pulled out of the Presidential race ahead of the New Hampshire primary . Joe Kernen, Becky Quick, and Andrew Ross Sorkin digest his announcement and his new endorsement of former President Donald Trump. During last week’s World Economic Forum in Davos, AI took center stage; Palantir co-founder and tech investor/entrepreneur Joe Lonsdale shares his projections for AI’s impact on industry and labor. CNBC’s Steve Kovach explains the regulatory and legal slog ahead for Apple , which might be lagging behind Microsoft in today’s innovation wave. Plus, it was a big weekend for Detroit! Washington University in St. Louis Sports Business Director Patrick Rishe discusses the betting ecosystem around football’s underdogs in the playoffs: the Lions. Steve Kovach - 10:21 Joe Lonsdale - 16:27 Patrick Rishe - 25:05 In this episode: Joe Lonsdale, @JTLonsdale Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, January 19, 2024
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are speaking with Coca-Cola CEO James Quincey at the World Economic Forum in Davos, Switzerland. Quincey shares different AI innovations shaking up the world of Coke, including Marshmello (the DJ) flavors, and Times Square Coke Christmas cards. Looking ahead, he considers the marketing opportunities generative AI could power. Plus, selling beverages in nearly every country in the world, Coca-Cola had to pass on input costs to consumers. Now, inflation is moderating and so are the price hikes–at least in the U.S. and Europe. Quincey discusses global consumer, navigating inflation, and catering to popular and unpopular drink tastes. Cheers! In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, January 19, 2024
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are speaking with Bank of America CEO Brian Moynihan at the World Economic Forum in Davos, Switzerland. Moynihan explains his economic outlook for 2024, where he expects U.S. Fed policy to go, and the strength and demand of the global consumer. In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, January 19, 2024
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are speaking with Goldman Sachs CEO David Solomon at the World Economic Forum in Davos, Switzerland. In his exclusive interview after Goldman’s fourth quarter financial report, Solomon explains the numbers and the firm’s shift to asset and wealth management. After a tumultuous 2023 for his firm and for the macroeconomic environment, Solomon says his firm is well-positioned, and he’s not expecting more rate hikes from the Fed. In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, January 18, 2024
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin sit down with designer, philanthropist, and fashion icon Diane von Furstenberg at the World Economic Forum in Davos, Switzerland. Furstenberg made her iconic wrap dress 50 years ago, and she’s been uniting women through fashion ever since. At Davos, she’s highlighting intention and manifestation, encouraging other attendees to see the humanity and the beauty around them, in the snowy Swiss Alps and beyond. In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, January 18, 2024
In a special episode of Squawk Pod, Andrew Ross Sorkin sits down with Palantir CEO Alex Karp at the World Economic Forum in Davos, Switzerland. A CEO consistently unafraid to speak out, Karp is urging fellow leaders to stand up to antisemitism. The Ukrainian military and the Israeli Defense Ministry use Palantir technology in their respective war efforts, and Karp expects his technology to continue solving geopolitical problems in the years ahead. Plus, Joe Kernen and Becky Quick join Andrew to digest the Palantir CEO’s bold take on leadership, AI and machine learning, and the importance of standing up to discrimination. Karp warns that antisemitism has “always been a canary in the coalmine” for larger failures across society’s institutions, including in higher education. In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, January 18, 2024
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are at the World Economic Forum in Davos, Switzerland, where they’re speaking with Morgan Stanley’s new CEO Ted Pick. In his first interview as the bank’s chief, Pick discusses his predecessor James Gorman’s legacy and his strategy for growing the bank moving forward. After the company’s latest quarterly report , Pick explains his plans for the company’s wealth management business, as well as his projections for dealmaking in the quarters ahead. In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, January 17, 2024
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are at the World Economic Forum in Davos, Switzerland, where they’re speaking with Blackstone co-founder, chairman, and CEO Steve Schwarzman. The head of the world’s largest alternative asset manager ($1T AUM) and a longtime investor in China, Schwarzman discusses opportunities in global real estate and China’s effort to attract more foreign direct investment. Once a donor to President Donald Trump, Schwarzman addresses questions about his support in the upcoming U.S. Presidential election. In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, January 17, 2024
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are at the World Economic Forum in Davos, Switzerland, where they’re speaking with JPMorgan Chase CEO Jamie Dimon. He takes a hard look at American political tribalism in the wake of the Iowa Presidential Caucus, and he considers the trajectory of the U.S. economy. Plus, Dimon says that China is gladly opening up to foreign investments, and he’s done talking about bitcoin–after this! Jamie Dimon talks about pet rocks, blockchain technology, and market hype. In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, January 17, 2024
In a special episode of Squawk Pod, Andrew Ross Sorkin is at the World Economic Forum in Davos, Switzerland, where he’s speaking with U.S. Secretary of State Antony Blinken. As the world digests Taiwan's election results, wars in Ukraine and Gaza, and attacks in the Red Sea, Secretary Blinken discusses the U.S. relationship with China, as well as the intersection of private industry and geopolitics. As violence persists in the Middle East, both in the Israel-Hamas War and in the Red Sea, Secretary Blinken explains the nuance of de-escalation in the region, including protecting civilians and finding a sustainable solution to the Palestinian question. In this episode: Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, January 17, 2024
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are at the World Economic Forum in Davos, Switzerland, where they’re speaking with General Atlantic Chairman and CEO Bill Ford. After the firm’s latest acquisition of Actis, General Atlantic will have $100B under management. Since inception, the firm has deployed $60B into over 500 companies, including Uber, Airbnb, Etsy, Mobileye, Chime, and TikTok parent ByteDance. Ford sits on the boards of BlackRock and Bytedance and shares his perspective on the global energy supply and US concerns about Chinese technology. In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Tue, January 16, 2024
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are at the World Economic Forum in Davos, Switzerland, where they’re speaking with Intel CEO Pat Gelsinger. Intel has a new line of chips for generative AI, and investors are excited–bumping the stock up 12% in the wake of that announcement. Gelsinger sees his business and the expansion of semiconductor production in Europe and the US as crucial to establishing a stable world order. He says, a balanced supply chain is key to geopolitics. In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Tue, January 16, 2024
In the first of a special series of episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are at the World Economic Forum in Davos, Switzerland, where they’re speaking with Ray Dalio, founder of one of the world’s largest hedge funds, Bridgewater. “The market’s not cheap,” Dalio says, as he considers current political and economic uncertainties, both globally and domestically. As Taiwan’s new President settles in and the American 2024 Presidential election approaches, Dalio offers a recommendation to investors: know your neutral positions. In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, January 12, 2024
Pershing Square Founder and CEO Bill Ackman joins Andrew Ross Sorkin for an extended conversation about his activist shareholder strategy on Wall Street and at his alma mater, Harvard. He’s become one of business’s most outspoken voices pushing for an end to antisemitism on college campuses and for the removal of Harvard’s former president, Claudine Gay. Ackman addresses his change-seeking strategies, and the controversial headlines about himself and about his wife’s academic career. Plus, he discusses his political leanings, his expectations for the 2024 election, and his disappointment in America’s current political frontrunners. In this episode: Bill Ackman, @BillAckman Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, January 11, 2024
After over 10 years of opposition to the idea, the SEC finally approved 11 spot bitcoin ETFs to begin trading . In this cryp-tastic episode, Grayscale’s Michael Sonnenshein discusses his firm’s spot bitcoin ETF offering and ARK Invest’s CEO and CIO Cathie Wood discusses details of her firm’s own offering. The two weigh in on the fee wars, the long journey to regulatory legitimacy, and the next milestone for digital assets . Plus, hear Coinbase CEO Brian Armstrong’s first reaction to the approval, and Pomp Investments’ Anthony Pompliano’s expectations for the future of bitcoin. Michael Sonnenshein - 06:12 Cathie Wood - 18:26 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, January 10, 2024
As the crypto community anxiously awaited the SEC’s decision on spot Bitcoin ETFs, the SEC’s X account tweeted a false start . As of Wednesday morning, the Bitcoin ETFs had not been approved, but the crypto market popped briefly on the fake post. The Iran-backed Houthi militia launched its largest attack yet in the Red Sea. Former NATO Supreme Allied Commander Admiral James Stavridis discusses the latest attack in context with his own history taking on the Somali pirates in the region a decade ago. And Boeing is inspecting 737 Max 9 aircrafts after the Alaska Airlines incident last weekend. Former NTSB investigator Greg Feith explains what safety checks and balances should be in place for the manufacturing giant. Plus, CNBC’s Julia Boorstin is in Las Vegas at the Consumer Electronics Show with the newest tech in autos, beauty, social media, and even refrigerators, and Mark Zuckerberg is in Hawaii, raising beef–literally. Greg Feith - 10:51 Admiral James Stavridis - 21:37 Julia Boorstin - 25:40 In this episode: Julia Boorstin, @JBoorstin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Tue, January 09, 2024
Kevin McCarthy gives his first interview since leaving his role as House Speaker, weighing in on the 2024 election, supporting former President Trump, and the opportunities afoot for the Republican Party. Semafor business and finance editor Liz Hoffman has a scoop: a group of lawyers and investors are planning a lawsuit, targeting corporate DEI policies and claiming those policies have hurt shareholders. Boeing CEO David Calhoun is under pressure to fix the fuselage issues on the now-grounded 737 Max 9 crafts after the Alaska Airlines incident over the weekend. Plus, Tiger Woods and Nike are parting ways after 27 years, and European grocer Carrefour will no longer carry PepsiCo products. Kevin McCarthy - 10:33 Liz Hoffman - 30:32 In this episode: Kevin McCarthy, @SpeakerMcCarthy Liz Hoffman, @lizrhoffman Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, January 08, 2024
171 Boeing 737 Max 9 aircrafts have been grounded after a door plug blew out of a plane in the middle of an Alaska Airlines flight over the weekend. CNBC’s Phil LeBeau explains what happened on that flight and what happens now at Boeing and the airlines that carry these crafts . Former FAA Administrator and pilot J. Randolph Babbitt discusses industry concerns and airline safety regulation. The crypto community awaits the SEC’s decision on spot Bitcoin ETFs ; former SEC chair Jay Clayton is expecting an approval. Clayton, also an adjunct professor at the University of Pennsylvania, weighs in on the reckoning for higher education leadership in the wake of antisemitism on campuses and the resignation of Harvard’s president, Claudine Gay . Plus, Elon Musk’s recreational and prescription drug use is reportedly worrying his SpaceX and Tesla boards. Phil LeBeau - 2:13 Randy Babbitt - 10:26 Jay Clayton - 18:30 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Phil Lebeau, @Lebeaucarnews Katie Kramer, @Kramer_Katie
Fri, January 05, 2024
The last jobs report of 2023 came in much better than economists expected, but former Fed Vice Chair Roger Ferguson projects a cautious road forward. Other good economic news: America’s burgeoning electric vehicle industry. U.S Energy Secretary Jennifer Granholm is seeing the “diminishment of demand” for gasoline in America, but she’s confident in the country’s EV manufacturing future, from charging stations to battery supply chains. Despite good economic news, American sentiment remains low . Harvard Professor and happiness scholar Arthur Brooks explains the mismatch between ‘good news’ and unhappy Americans ; he’s calling for more optimistic leadership in Washington. Plus, the NCAA and ESPN have inked an 8-year, $920m deal, and Pepsi is in a price war with Carrefour. Roger Ferguson - 3:10 Jennifer Granholm - 14:25 Arthur Brooks - 28:50 In this episode: Jennifer Granholm, @SecGranholm Arthur Brooks, @arthurbrooks Becky Quick, @BeckyQuick Michael Santoli, @michaelsantoli Steve Liesman, @steveliesman Katie Kramer, @Kramer_Katie
Thu, January 04, 2024
Eli Lilly will now sell weight loss drugs directly to consumers . In a big move, the drugmaker has announced LillyDirect, a platform that uses telehealth to improve consumer access to weight loss drugs like Lilly’s Mounjaro and its recently approved Zepbound . CNBC’s Bertha Coombs explains the impact LillyDirect will have on health care and on pharmacy benefit providers like those of CVS, UnitedHealth, and Cigna. Primary care physician Dr. Kavita Patel underscores the health care access problem that millions of Americans face, and whether Eli Lilly’s effort could alleviate some of those pressures. Plus, CNBC’s Jon Fortt sees Apple’s 2024 going two very different directions after 2023’s stock strength and sales weakness. Microsoft keyboards are ready for their biggest change in almost 30 years, and the market’s Santa Claus rally is officially behind us–maybe. Bertha Coombs - 14:05 Dr. Kavita Patel - 24:11 Jon Fortt - 31:22 In this episode: Dr. Kavita Patel, @kavitapmd Bertha Coombs, @berthacoombs Jon Fortt, @jonfortt Becky Quick, @BeckyQuick Michael Santoli, @michaelsantoli Steve Liesman, @steveliesman Katie Kramer, @Kramer_Katie
Wed, January 03, 2024
Claudine Gay has resigned from her post as Harvard University President amid plagiarism allegations and pressure from Harvard’s donors. Crisis management expert Eric Dezenhall explains the shareholder mindsets of the university’s donors and the role they play in the future of higher education and the workforce. Another shareholder fight is underway at Disney ; activists ValueAct and Blackwells are backing Bob Iger and Disney in the ongoing proxy battle with another activist investor, Nelson Peltz’s Trian. Plus, the family that went viral for their “Christmas Jammies” video in 2013 has amassed millions of followers across platforms since then. Kim and Penn Holderness discuss how they turned a family music video into a business with 7 revenue streams, joining the rising tide of the creator economy. Eric Dezenhall - 17:30 Kim & Penn Holderness - 25:05 In this episode: Kim Holderness, @KimDHolderness Penn Holderness, @pennholderness Becky Quick, @BeckyQuick Robert Frank, @robtfrank Michael Santoli, @michaelsantoli Katie Kramer, @Kramer_Katie
Tue, January 02, 2024
2024 trading begins after a strong market finish to 2023 , with the Nasdaq 100 closing its best year since 1999. Just over 300 days before the 2024 election, former Connecticut Senator Joe Lieberman is pushing for an option outside of President Biden and President Trump. Once on the Presidential ticket himself, Lieberman started nonprofit No Labels, which hopes to offer a third, bipartisan, centrist “unity ticket” to the Americans unsatisfied with the current political playing field. Plus 2023 was the year of weight loss drugs for pharma companies like Novo Nordisk and Eli Lilly. Former FDA Commissioner Dr. Scott Gottlieb sits on the boards of Illumina and Pfizer, and he expects more good news–and more secondary benefits–from weight loss drugs on the market. Plus, Michigan is celebrating a big sports weekend, and X is now worth 71.5% less than when Elon Musk bought it, according to Fidelity, one of the co-investors that backed his takeover. Joe Lieberman - 12:30 Dr. Scott Gottlieb - 24:46 In this episode: Scott Gottlieb, @ScottGottliebMD Becky Quick, @BeckyQuick Robert Frank, @robtfrank Michael Santoli, @michaelsantoli Katie Kramer, @Kramer_Katie
Fri, December 29, 2023
Google might owe you $5,000. This week, the tech giant settled a $5b lawsuit over ‘incognito mode.’ The Boeing 737 Max is once again suffering a quality issue. The company’s best-selling jetliner must now be checked for a ‘possible loose bolt’ before reaching customers. Global energy prices are ending a year of fluctuation, most recently because of shipping interruptions to the fleet originally routed through the Red Sea and Suez Canal . Energy expert Helima Croft explains the oil supply chain and its impact on the American consumer. Reporters at The Wall Street Journal investigated iPhone thefts for a year; what they found was a common scheme to nab both the device and the passcode from their victims, emptying literal pockets and digital wallets and racking up thousands of stolen dollars. WSJ senior personal tech columnist Joanna Stern explains her reporting and her interview with one of the convicted iPhone thieves, including his advice to protect your phone and your assets. Plus, on the last workday of 2023, we’re sharing one of Squawk’s favorite interviews of the year. Andrew Ross Sorkin and Becky Quick speak with NBA All Star and 4-time championship winner Andre Iguodala. After 19 years on the court, he’s officially hanging up his basketball shoes and turning to his venture capital career full time. His advice for athletes looking to follow his lead: be obsessed. Helima Croft - 3:51 Joanna Stern - 15:42 Andre Iguodala - 23:28 In this episode: Joanna Stern, @JoannaStern Andre Iguodala, @andre Helima Croft, @CroftHelima Leslie Picker, @LesliePicker Michael Santoli, @michaelsantoli Brian Sullivan, @SullyCNBC Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Cameron Costa, <a href="ht
Thu, December 28, 2023
The New York Times is suing OpenAI and Microsoft over copyright infringement, opening big media’s first legal case against content use in training large language models. Tusk Ventures CEO Bradley Tusk explains the timing and the repercussions of this action for tech innovation and the future of news. Apple’s sales in 2023 have declined, but Apple’s stock is soaring . CNBC’s Steve Kovach discusses the company’s headwinds and tailwinds, as well as the temporary pause on a ban of some US Apple Watch sales . Youth sports are an estimated $37.5B market, and private equity is deepening its stake. Waud Capital’s youth sports management company TeamSnap has acquired MOJO, a kids sports streaming platform . MOJO founder and former media executive Ben Sherwood joins TeamSnap CEO Pete Frintzilas to discuss the network of kids, parents, and coaches paying for youth sports resources. The Plus, Vail Resorts CEO Kirsten Lynch is in the midst of ski season. She shares how her company is expanding its network of slopes in the US, Europe, and even Australia. Steve Kovach - 5:30 Bradley Tusk - 11:25 Ben Sherwood & Pete Frintzilas - 17:19 Kirsten Lynch - 27:00 In this episode: Ben Sherwood, @BenSherwood Leslie Picker, @LesliePicker Michael Santoli, @michaelsantoli Brian Sullivan, @SullyCNBC Katie Kramer, @Kramer_Katie
Wed, December 27, 2023
NASA and Apple engineer turned YouTube sensation Mark Rober shares his joy for inventing–and how he’s cashing in on the broad appeal of his glitter bomb packages, squirrel obstacle courses, engineering projects, and kids excited to learn while they play. Media analyst Paul Dergarabedian considers the box office’s bumpy ride in 2023. Between Hollywood strikes and shifting viewer tastes, Dergarabedian says that streaming has an edge. For streamers on Amazon Prime, though, ads are coming ! And in the oil patch, a mild winter and conflict concerns in the Middle East have contributed to fluctuating energy prices . CNBC’s Pippa Stevens discusses the rise of “virtual power plants” to meet electricity demand. Pippa Stevens - 9:19 Dergarabedian - 16:01 Mark Rober - 24:00 In this episode: Mark Rober, @MarkRober Pippa Stevens, @PippaStevens13 Contessa Brewer, @contessabrewer Leslie Picker, @LesliePicker Steve Liesman, @steveliesman Katie Kramer, @Kramer_Katie
Tue, December 26, 2023
7.5 million travelers are hitting the skies between Christmas and New Years this year, passing the pre-pandemic record of 7.2 million. International president of the Association of Flight Attendants Sara Nelson discusses the pilots and flight attendants renegotiating contracts and managing unruly passengers during a busy holiday schedule. And the “she-cession” may be over, but Yale Lecturer and journalist Joanne Lipman warns that working women may lose many of their workplace participation gains to rigid back-to-office mandates . Plus, 2023’s market year was a roller coaster , OpenAI is aiming to raise more funds at an estimated valuation of $100 billion, holiday returns just got a little trickier, and Meta might have beat Apple under the trees and menorahs this year, as the Apple Watch ban takes effect . Sara Nelson 20:20 Joanne Lipman 28:39 In this episode: Joanne Lipman, @joannelipman Sara Nelson, @FlyingWithSara Contessa Brewer, @contessabrewer Leslie Picker, @LesliePicker Steve Liesman, @steveliesman Katie Kramer, @Kramer_Katie
Fri, December 22, 2023
The North American Aerospace Defense Command (NORAD) returns to Squawk Pod for its annual tradition: tracking Santa Claus’s Christmas journey through the night sky. Deputy Commander of the Continental US NORAD Region Major-General S.T. Boyle explains how Rudolph helps light the way for Santa and for NORAD tracking his progress. Also spreading holiday cheer, chef, restaurateur, and author of “Eat, Drink, and Be Murray” cookbook, Andy Murray. Murray shares family recipes and stories from his Caddyshack-themed restaurants. Plus, New York Times foreign affairs columnist Thomas Friedman explains the geopolitics at play in the Red Sea , and Joe Kernen, Becky Quick, and Andrew Ross Sorkin discuss the other business headlines before the holiday weekend: China’s limits on teen tech use, and the US Department of Transportation is scrutinizing frequent flier programs. Thomas Friedman - 12:28 Andy Murray - 20:02 Major-General S.T. Boyle - 27:42 In this episode: Thomas Friedman, @tomfriedman Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Thu, December 21, 2023
Markets are confused, at least according to some economists . The markets snapped 7 straight weeks of gains this week, as Wall Street interpreted the Federal Reserve’s pivot from hiking rates to cutting them. Chief economics correspondent at The Wall Street Journal Nick Timiraos penned a splashy op-ed pointing to confusion among investors and Fed governors. Elon Musk biographer and Tulane professor Walter Isaacson discusses the billionaire’s tendency to polarize his advertisers and consumers. Plus, Puck’s Matt Belloni discusses Warner Bros. Discovery’s early talks with Paramount Global for a potential merger, and Apple lost a bid to delay an import ban on certain Apple watches , but it’s reportedly gearing up to release its new mixed reality headset . Matt Belloni - 6:48 Nick Timiraos - 16:30 Walter Isaacson - 14:03 In this episode: Nick Timiraos, @NickTimiraos Walter Isaacson, @WalterIsaacson Matthew Belloni, @mattbelloni Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Wed, December 20, 2023
The market rally surges on , after the Federal Reserve announced its pivot . Former Fed Governor Kevin Warsh discusses the rally and the Fed’s next move. FedEx shares tumbled after disappointing Wall Street in its second quarter report and lowering its revenue guidance; Broughton Capital’s Donald Broughton explains why this company is often considered a bellwether for macroeconomic conditions. CNBC’s Steve Liesman reveals America’s public opinion on its billionaires, and coming out on top was the ‘beloved Buffett.’ Plus, the Colorado Supreme Court has barred Donald Trump from appearing on state ballots in the 2024 Presidential election, citing the 14th amendment, and Rite Aid will shelf its facial recognition strategy after thousands of customers were wrongly targeted as shoplifters. Donald Broughton - 10:24 Kevin Warsh - 17:04 In this episode: Steve Liesman, @SteveLiesman Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Tue, December 19, 2023
The Houthis, a Yemeni rebel group backed by Iran, have amped up attacks on ships traveling through the Suez Canal since the beginning of the Israel-Hamas War. Director of Harvard’s Belfer Center Meghan O’Sullivan explains the disruptions to global shipping and the geopolitics at play in the Red Sea. The AI arms race is set to enter a new year, as 2023 winds down. CNBC’s Technology Correspondent Steve Kovach discusses Microsoft, Nvidia, and other winners so far, and Activate CEO Michael Wolf explains how smaller players measure up to the tech giants. Plus, Google will pay consumers $700m (~$2 a person) in its Play store settlement, Apple’s pressing pause on some of its watches, and Senator John Fetterman (D-Penn.) is hoping to block Nippon’s $14.9B acquisition of US Steel . Meghan O’Sullivan - 12:30 Steve Kovach - 20:23 Michael Wolf - 20:23 In this episode: Michael Wolf, @mjw Meghan O’Sullivan, @OSullivanMeghan Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, December 18, 2023
As holiday travel ramps up, Southwest Airlines is landed with a $140 million fine for last holiday season’s travel meltdown. U.S. Transportation Secretary Pete Buttigieg emphasizes airline obligations to passengers, as well as the infrastructure needed to protect American consumers and travelers. Companies must now disclose cyberattacks in a timely manner, in compliance with new rules from the SEC. Former CEO of FireEye and current Mandiant CEO Kevin Mandia explains the implications of this new rule for shareholders and corporations. Plus, the world’s fourth largest steel producer, Japan’s Nippon Steel, is buying US Steel for $14.9 billion. CNBC’s Courtney Reagan reports on the strength of beauty this holiday season , as the total addressable market for the sector expands in age and gender identity. Courtney Reagan - 6:49 Phil Lebeau - 13:10 Pete Buttigieg - 20:03 Kevin Mandia - 28:36 In this episode: Pete Buttigieg, @SecretaryPete Courtney Reagan, @courtreagan Phil Lebeau, @Lebeaucarnews Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, December 15, 2023
The Senate will wait another week to go on holiday recess, after Senate Majority Leader Chuck Schumer delayed the break until lawmakers reach a deal on immigration and foreign aid. Senator Markwayne Mullin (R-Ok.) discusses the packages for Ukraine, Israel, and securing America’s own border. After a meeting in St. Vincent & the Grenadines, Venezuela President Maduro and Guyana President Arfaan Ali have not reached a resolution to their territorial dispute. Former international correspondent for CNBC Michelle Caruso-Cabrera explains Maduro’s strategy, the geopolitics of the region, and the impact of their conflicting claims to an oil-rich area. Celebrity chef and restaurateur Lidia Bastianich is celebrating 25 years since her cooking show launch, and she’s still cooking for America through her restaurants, cookbooks, and Eataly.She joins the team for a look at consumer appetites this season, including their spending and eating habits. Plus, Citigroup is closing its municipal offering business. Sen. Markwayne Mullin - 15:28 Lidia Bastianich - 29:27 In this episode: Markwayne Mullin, @SenMullin Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Thu, December 14, 2023
Federal Reserve Chair Jay Powell surprised Wall Street with his announcement of a more dovish approach to inflation , moving forward. Powell signaled a 2024 of rate cuts from the central bank. OpenAI scored a deal with Politico and Business Insider parent Axel Springer, the company’s second deal with a news organization. Tulane Professor and Perella Weinberg Advisory Partner Walter Isaacson discusses AI’s role in newsrooms and the deals’ impacts on journalism. The Project Liberty founder Frank McCourt explains his idea for reclaiming our personal data online and keeping kids safe on the internet. Plus, Citigroup is offering early bonuses to departing employees. Frank McCourt - 16:35 Walter Isaacson - 25:51 In this episode: Walter Isaacson, @walterisaacson Michael Santoli, @michaelsantoli Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Wed, December 13, 2023
Billionaire investor, Home Depot co-founder, and NYU Langone Health board chair Ken Langone discusses his latest market buys, his calls for pharma stocks, and his apprehension about investing in China. Former SEC Chair and University of Pennsylvania professor Jay Clayton joins Ken Langone in a discussion about leadership on American college campuses in the aftermath of controversial testimonies from university presidents on Capitol Hill. Plus, Netflix has released viewership numbers, Presidents Biden and Zelenskyy shared a hug in the Oval Office, Pfizer disappointed investors , and US Treasury Secretary Janet Yellen believes that we are on our way to a “soft landing.” Ken Langone - 14:00 Jay Clayton - 25:42 In this episode: Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Tue, December 12, 2023
In a recent op-ed , Ariel Investments Co-CEOs Mellody Hobson and John Rogers predict investors’ best bets for 2024. Hobson and Rogers explain why, after a big year for tech’s ‘magnificent seven, ’ it may be time to cash in on smaller stocks. Boomers are driving spending! Bank of America Institute has released new data on consumer spending in November; head of the Institute Liz Everett Krisberg discusses the highlights, including spending trends across Gen Z, millennials, Gen X, and boomers. Plus, Hasbro is cutting 20% of its workforce , teens are on YouTube and TikTok “almost constantly” and Epic Games has won its antitrust lawsuit against Google . Steve Kovach - 06:25 Liz Everett Krisberg - 15:30 Mellody Hobson & John Rogers - 24:23 In this episode: Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, December 11, 2023
Occidental Petroleum will buy CrownRock for $12 billion, deepening its foothold in the Permian basin. Energy expert and author of “The New Map: Energy, Climate and the Clash of Nations” Daniel Yergin explains what the recent flurry of oil industry mergers means for geopolitics. The FDA has approved treatment for sickle cell disease , the first treatment to use the gene-editing tool CRISPR. Former FDA Commissioner Dr. Scott Gottlieb discusses a treatment’s journey from lab to patients, as well as improving the public’s access to life-saving care. Plus, Macy’s has a $5.8 billion buyout offer , and University of Pennsylvania’s President Elizabeth Magill has resigned after her controversial testimony on Capitol Hill last week . Daniel Yergin - 15:38 Dr. Scott Gottlieb - 23:50 In this episode: Dan Yergin, @danielyergin Scott Gottlieb, @ScottGottliebMD Michael Santoli, @michaelsantoli Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, December 08, 2023
After the presidents of Harvard, MIT, and the University of Pennsylvania testified on Capitol Hill this week, UPenn President Elizabeth Magill’s comments sparked backlash among the public and one of her colleagues. Concerns that university presidents are equivocating on the issue of condemning antisemitism on their campuses has prompted a nationwide debate over the role of academia and the business of higher education . President of Brandeis University Ron Liebowitz says, there’s no gray area in creating safe spaces to learn, at least for him. The November jobs report delivered some welcome economic news for the Federal Reserve, ahead of the central bank’s two-day meeting next week. Plus, CNBC’s Diana Olick is on the ground at COP28, the UN Climate Change Conference , and CNBC’s Robert Frank fact checks the great wealth migration: New York has not lost all its millionaires. Ron Liebowitz - 14:02 Diana Olick - 23:42 Robert Frank - 27:43 In this episode: Ron Liebowitz, @BrandeisU Diana Olick @DianaOlick Robert Frank, @robtfrank Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Thu, December 07, 2023
Senator Elizabeth Warren (D-Mass.) discusses her concerns about cryptocurrency, after big bank CEOs appeared before Congress this week. It turns out, Sen. Warren and JPMorgan Chase CEO Jamie Dimon agree on the dangers of bitcoin . JetBlue and Spirit await the fate of their proposed merger. Columbia Law School Professor and former advisor in the Biden administration Tim Wu explains his perspective on airline consolidation : it isn’t great for consumers. In an op-ed in The New York Times, Wu concludes that M&A in the airspace often leads to higher prices for the same experience. The fourth Republican Presidential debate took place in Alabama on Wednesday, but only four of the candidates participated. Plus, Time Magazine has named Taylor Swift its Person of the Year. CNBC’s Jon Fortt explains why that decision does and doesn’t make sense. Sen. Elizabeth Warren - 15:34 Tim Wu - 34:42 In this episode: Elizabeth Warren, @SenWarren Jon Fortt, @jonfortt Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Wed, December 06, 2023
Bitcoin is building on its upward momentum . Robinhood co-founder and CEO Vlad Tenev discusses the 75% increase in crypto trading volume from October to November, what’s behind the crypto rally, and how the Federal Reserve’s decisions play out for retail investors. Former Congresswoman and ‘Oath and Honor’ author Liz Cheney (R-Wyo.) discusses the 2024 presidential election, her efforts to prevent a Donald Trump reelection, and the state of her own party, the GOP. Plus, former U.S. ambassador to the United Nations Nikki Haley raised over $500,000 at a massive fundraiser in New York on Monday, and Elon Musk has filed for $1B in equity for his AI startup, X.AI. Liz Cheney - 11:29 Vlad Tenev - 27:20 In this episode: Liz Cheney, @Liz_Cheney Vlad Tenev, @vladtenev Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Tue, December 05, 2023
Bitcoin hit $42,000 for the first time in over 19 months; crypto investor and bitcoin bull Anthony Pompliano discusses the asset’s rise , regulatory tailwinds for the U.S. crypto companies, and the crypto community’s worldview on central banks and stores of value. In a thoughtful discussion, author, Harvard professor, The Atlantic contributing writer and fellow podcaster Arthur Brooks considers the toll America’s polarizing political climate is taking on the average citizen’s happiness. As tensions rise in Washington and on college campuses , Brooks explains how America’s current approach to community hurts us, more than helps. Plus, today’s headlines: Moody’s cut China’s credit outlook , CVS is changing how it prices prescription drugs , Take-Two Interactive’s stock tumbled after a trailer of the newest Grand Theft Auto game was leaked on X, and voters are gearing up for another Republican Presidential debate this week. Arthur Brooks - 12:17 Anthony Pompliano - 21:55 In this episode: Arthur Brooks, @arthurbrooks Anthony Pompliano, @APompliano Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Mon, December 04, 2023
After Fed Chair Jay Powell’s comments on Friday, investors are hopeful that the Federal Reserve is done hiking interest rates, and the interest rate environment has led to highs in the Dow Jones Industrial Average, gold prices , and bitcoin. Restaurateur Cameron Mitchell shares his consumer’s spending habits in the inflationary environment, including new trends in how Americans are dining out. Plus, Israeli forces announced an expansion of ground attacks against Hamas in Gaza, Yemen’s Iran-backed Houthi military group attacked commercial vessels in the Red Sea, and the US Senate is in the midst of heated negotiations to pass aid packages to Israel and Ukraine . Senator Roger Marshall (R-Kansas) explains his perspective on Washington’s priorities, balancing geopolitical obligations of emergency aid in warzones and domestic goals like border security. Sen. Roger Marshall - 13:20 Cameron Mitchell - 22:13 In this episode: Sen. Roger Marshall, @RogerMarshallMD Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Sat, December 02, 2023
He was irreverent, he was focused, he was one of the world’s most successful investors. And he was one of a kind. Billionaire investor Charlie Munger - the longtime right-hand man and close friend of Berkshire Hathaway CEO Warren Buffett - died at age 99, a few weeks shy of what would have been his 100th birthday.. Becky Quick, Squawk Box co-host, interviewed Munger two weeks before his death. She traveled to his home in Los Angeles for a discussion on how to live a long life, pragmatic investing and the stunning advancements of the last century. This would be their final conversation. Charlie Munger: These ‘basic rules’ made me successful in life—‘with Warren Buffett, I had all 3’ Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger The Warren Buffett Archive Revisit our 2021 Squawk Pod series, Warren Buffett and Charlie Munger: A Wealth of Wisdom Read more about Charlie Munger’s legacy: Charlie Munger, investing genius and Warren Buffett’s right-hand man, dies at age 99 Munger in final interview describes how he and Buffett turned Berkshire Hathaway into such a success How Munger and Buffett’s 60-year partnership was so special: ‘Charlie and I have never had an argument’ Charlie Munger’s sharp wit turned Berkshire meetings into uproarious affairs A ‘true master of investing:’ Top value investor on how Charlie Munger changed the craft Charlie Munger’s greatest bits of investing advice from over the years <a hre
Sat, December 02, 2023
“I’m an accidental guru.” This is the second episode of a series remembering and celebrating billionaire investor Charlie Munger. At age 99, the right-hand man to Berkshire Hathaway Chairman Warren Buffett sat down with Becky Quick in what became their last interview together - after years of Becky covering the company and facilitating shareholder questions at the raucous Berkshire Hathaway Annual Meetings . Munger passed away two weeks after this interview was recorded, just a month shy of his 100th birthday. In this extended audio version of that final CNBC interview, Charlie Munger reflects on his century of life, the childhood traumas that shaped him, the investing wins and losses that made his career, and the perspective and knowledge he gained in his final years . Follow Becky Quick on X: @beckyquick Squawk Pod is produced by Katie Kramer, Cameron Costa, Karoline Rouhotas and Zach Vallese. CNBC’s Managing Editor is Lacy O’Toole. John Lazration edited this podcast series.
Fri, December 01, 2023
Chris Krebs, cybersecurity expert and former CISA Director, explains the online threats from China, Russia, and others, as the 2024 election draws nearer. As respiratory illnesses surge in Ohio and in China, Dr. Kavita Patel, Stanford University Professor of Medicine and former White House official, discusses the global health surveillance system set in place since the Covid-19 pandemic. Plus, the temporary ceasefire in the Israel-Hamas War has ended. Other headlines today: Tesla’s Cybertrucks are out for delivery (finally), X’s ad executive Linda Yaccarino is speaking to advertisers in the aftermath of Elon Musk’s “x-pletive,” Disney is gearing up for a proxy fight with Nelson Peltz’s Trian, and PGA Tour Commissioner Jay Monahan opened up to Andrew Ross Sorkin about his mental health at this year’s NYT DealBook Summit. Dr. Kavita Patel - 18:45 Chris Krebs - 24:26 In this episode: Dr. Kavita Patel, @kavitapmd Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Thu, November 30, 2023
Elon Musk’s interview with Andrew Ross Sorkin at the NYT DealBook Summit has gone viral, in part thanks to Musk’s message to advertisers pulling their ad spend from his platform: “Go f— yourself.” In a wide-ranging interview, the X owner and Tesla CEO apologizes for the post on X, FKA Twitter, responding to an antisemitic post. He discusses his own mental health, his trip to Israel, his original vision for OpenAI when he co-founded and named it, and so much more. Andrew Ross Sorkin recaps the highlights of that interview with Becky Quick and Joe Kernen. Plus, former House Speaker Paul Ryan is not holding back. He says he doesn’t want former President Donald Trump to return to the White House, and he calls Presidential hopeful Nikki Haley a “growth stock.” For more of Andrew’s conversations at The New York Times DealBook Summit, check out NYT’s full coverage. Paul Ryan - 16:38 In this episode: Elon Musk, @elonmusk Paul Ryan, @SpeakerRyan Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Wed, November 29, 2023
Academy Award-winning producer and bestselling author Brian Grazer is out with a new book, “A Curious Mind Expanded: The Secret to a Bigger Life.” The creative behind “A Beautiful Mind,” “Apollo 13, “Arrested Development,” and “The DaVinci Code,” among others, weighs in on Hollywood’s strikes, AI in art, and the ways he keeps his mind curious and growing. Two Federal Reserve governors are pointing to the end of rate hikes, Mark Cuban is selling his stake in the Dallas Mavericks, and Disney CEO Bob Iger is downplaying speculation that the entertainment giant is selling some of its assets. Plus, at age 99, investing legend Charlie Munger has died. The longtime friend of Warren Buffett and iconic Berkshire Hathaway Vice Chair was just a month shy of his 100th birthday. Becky Quick, who spent hours interviewing him just two weeks ago, reflects on his decades of leadership, and his ageless razor sharp wit and wisdom . And, stay tuned to your feed for an upcoming special podcast series – we'll bring you the full audio of 99-year-old Charlie Munger’s final CNBC interview. Brian Grazer - 10:46 Charlie Munger - 19:59 In this episode: Brian Grazer, @BrianGrazer Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Tue, November 28, 2023
Amid a ceasefire in the Israel-Hamas War , Elon Musk visited Israel for a meeting with Prime Minister Netanyahu and other Israeli officials. The trip comes as advertisers raise concerns about posts from the X owner and Tesla chief on Musk’s own platform, formerly known as Twitter. His response to an antisemitic tweet on X alarmed many, and executive consultant Eric Dezenhall says Musk’s trip to Israel might quell some of the public concern about his views. CNBC’s Beijing Bureau Chief Eunice Yoon is stateside for the first time in four years, and she offers a look inside the Chinese perspective on America, President Biden, and President Xi. Plus, China is preparing for a huge Shein IPO , Republican donors are considering backing Nikki Haley in her bid for President, and AI is showing up in Sports Illustrated. Eric Dezenhall - 09:57 Eunice Yoon - 23:39 In this episode: Eric Dezenhall, @EricDezenhall Eunice Yoon @onlyyoontv Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, November 27, 2023
Black Friday’s first NFL game was a big score for advertisers, who bet on sports viewers going shopping on Amazon, either during or after the game. EDO Inc. President and CEO and former digital advertising executive Kevin Krim discusses Cyber Monday and Black Friday advertising, including the retail advertising wins on field and off. Silicon Valley Congressman Ro Khanna (D-California) underscores his main concerns in the aftermath of OpenAI’s board-led implosion . Rep. Khanna is pushing for more transparency from innovators and technologists, and he suggests creating an AI agency in the federal government. Plus, as the Israel-Hamas War ceasefire extends, Rep. Khanna weighs in on geopolitics in the region. Also in Israel, the country is hosting Elon Musk today, and it’s eyeing a deal for Starlink communications in the Gaza strip . Rep. Ro Khanna - 12:50 Kevin Krim - 25:31 In this episode: Ro Khanna, @RepRoKhanna Kevin Krim, @kevinkrim Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, November 24, 2023
Wall Street marks the day after Thanksgiving with a holiday-shortened session on Black Friday, but are the door-buster deals a thing of the past ? Becky Quick and Andrew Ross Sorkin are joined by CNBC’s Steve Liesman on consumer holiday behavior and WSJ’s Joanna Stern offers her picks for personal technology gift ideas . Plus, the latest in the drama and the promise of artificial intelligence as told in the OpenAI and Sam Altman saga – and if tech’s top soap opera is at all interesting to the average news consumer – and Bitcoin hits a new high for the year. And, in a Squawk Pod exclusive, Cody Ko and Noel Miller of TMG Studios share the story of their rise in the creator economy – and the surprising growth their business has undergone from performing sketch comedy to running a thriving podcast studio . Joanna Stern’s Gift Recommendations: Mattel's Pictionary vs. AI ($25) Bird Buddy Smart Bird Feeder With Solar Roof ($299) Apple iPhone 15 Pro Max ($1,199 and up) Native Union Belt Cable Duo ($40) Joanna Stern - 18:14 Tiny Meat Gang - 26:44 In this episode: Joanna Stern, @JoannaStern Cody Ko, @CodyKo Noel Miller, @thenoelmiller Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Steve Liesman, @SteveLiesman Zach Vallese, @zachvallese
Thu, November 23, 2023
In this holiday pod extra, Gary Vaynerchuk discusses the outlook for advertisers from Amazon’s Black Friday football broadcast on Prime Video. And, yep - flying is miserable, but Vanderbilt Professor Ganesh Sitaraman has some ideas on how to fix it. He’s even written a book, “Why Flying Is Miserable,” and explains why public policy decisions are responsible for the industry’s problems and its solutions. Gary Vee - 2:21 Ganesh Sitaraman - 8:44 In this episode: Gary Vaynerchuk, @garyvee Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Wed, November 22, 2023
After a whirlwind few days, OpenAI co-founder Sam Altman has been reinstated as CEO. Plus, Binance founder Changpeng Zhao has pleaded guilty to money laundering violations. CNBC’s Eamon Javers discusses crimes in the crypto world with Andrew Ross Sorkin, Joe Kernen, and Becky Quick, including the Department of Justice’s efforts to keep crypto in line with the law. And, ahead of Thanksgiving, the kitchen experts on the Butterball Turkey Talk-Line are ready with the tips all holiday hosts need to cook the perfect turkey. One expert, Bill Nolan, says, opt for oil over butter and don’t panic–just dial 1-800-BUTTERBALL. Once the turkey’s done, Food & Wine executive editor Ray Isle has the wine pairings to impress Thanksgiving guests, without breaking the bank. Author of “The World in a Wineglass,” Isle has all hosts, including our Squawk hosts Joe Kernen and Becky Quick, covered at the bar. Cheers and Happy Thanksgiving! Ray Isle’s Wine Recommendations: 2022 Tiberio Trebbiano di Abruzzo ($22) 2021 Kutch Sonoma Coast Pinot Noir ($42) 2020 Frog's Leap Napa Valley Zinfandel ($40) Bill Nolan - 19:49 Ray Isle - 27:27
Tue, November 21, 2023
OpenAI’s implosion might not be so bad for Microsoft, whose stock closed at an all-time high amid the AI drama. Semafor’s tech editor Reed Albergotti explains the good news for Satya Nadella , the fate and governance structure of OpenAI, and the many big tech offers to OpenAI’s talent . In its third quarter, Lowe’s has said its DIY customers are slowing down their projects, and it’s taking a toll on the company’s sales forecast. Plus, as more than 55 million Americans gear up for a week of holiday travel , former United Airlines CEO Oscar Munoz has some tips for Turkey travelers, whether they’re seasoned passengers or infrequent flyers. His top advice: download your airline’s app. Reed Albergotti - 10:46 Oscar Munoz - 20:43 In this episode: Reed Albergotti, @ReedAlbergotti Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, November 20, 2023
OpenAI CEO Sam Altman was ousted from his role by his own board, and he was promptly hired by Microsoft in a tumultuous weekend for tech. Internally at OpenAI, employees have reportedly threatened to follow Altman , requesting resignations from the OpenAI board , and externally, investors and news outlets are following the drama at one of the highest profile companies pushing AI forward. Also in tech, Elon Musk is in hot water with his biggest advertisers, including Disney and Apple, over antisemitic content and Musk’s own posts on X . Julia Boorstin breaks down the timeline of X posts, retweets, antisemitic accusations, and big advertiser backlash that colored the weekend. CEO of the Anti-Defamation League Jonathan Greenblatt discusses his own personal conversations with Elon Musk, including his advice to protect the Jewish community on and off of Musk’s platform. Plus, President Biden and Treasury Secretary Janet Yellen have finished their latest meetings with China’s President Xi and Vice Premier He , respectively. Yellen shares her takeaways from those meetings, including how both the U.S. and China plan to keep an open dialogue about AI. As inflation continues to pressure American consumers , Secretary Yellen considers the progress of the fight against inflation and the state of the U.S. economy. Janet Yellen - 13:11 Jonathan Greenblatt - 30:01 In this episode: Julia Boorstin, @JBoorstin Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, November 17, 2023
Ray Dalio, founder of Bridgewater Associates, says the U.S. and China have entered an environment of fierce competition . The billionaire investment mentor delves into U.S.-China relations, China's military agenda, social media influence, the economy, Treasury yields, A.I. impact, and more. Becky Quick sits down with Berkshire Hathaway Vice Chair Charlie Munger in response to a ProPublica report on Warren Buffett's stock trades. Plus, videos on TikTok regarding Osama Bin Laden's criticism of the U.S. have gone viral. And Taylor Swift lyrics take over Wall Street. Ray Dalio, @RayDalio Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Zach Vallese, @zachvallese Ray Dalio - 13:51 Charlie Munger - 35:18
Thu, November 16, 2023
House Minority Leader Rep. Hakeem Jeffries shares insights on the recently passed short-term funding bill , what's at stake in the next round of spending talks on Capitol Hill, and the potential for bipartisan collaboration in Congress. Plus, the Property Brothers, Drew and Jonathan Scott, delve into the challenge of rising housing costs , offer renovation tips, and explore strategies for creating a more sustainable and improved home. In other news, New York City takes legal action against Pepsi , while Target CEO claims customers are saying ‘a big thank you’ for locking up merchandise. Hakeem Jeffries - 14:43 Drew and Jonathan Scott - 23:41 Drew Scott, @MrDrewScott Jonathan Scott, @jonathanscott Rep. Hakeem Jeffries, @RepJeffries Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Zach Vallese, @zachvallese
Wed, November 15, 2023
Nikki Haley, former U.S. ambassador to the UN, former governor of South Carolina and 2024 presidential candidate, discusses the state of the 2024 presidential race, why she believes she can be a viable alternative to former president Donald Trump, whether she would accept a hypothetical offer to be his VP pick, and more. Wholesale prices in October posted their biggest decline in 3½ years , providing another indication that the worst of the inflation surge may have passed. Wall Street also had its eyes on Washington as the House of Representatives passed a bill to avert a government shutdown. Plus, CNBC’s Robert Frank reports on Wall Street bonuses. In this episode: Nikki Haley, @NikkiHaley Robert Frank, @robtfrank Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Melissa Lee, @MelissaLeeCNBC Zach Vallese, @zachvallese Nikki Haley - 10:48 Robert Frank - 32:42
Tue, November 14, 2023
On today’s super-sized episode, October's inflation remained unchanged , hinting at a possible easing of high prices in the U.S. economy. House Speaker Rep. Mike Johnson discusses Capitol Hill negotiations to avert a government shutdown and the 2024 presidential election. Meanwhile, Cathie Wood, ARK Invest CEO, covers ARK Invest's new ETFs, SEC approval of bitcoin ETFs, and broader topics like autonomous driving and Tesla. Plus, Starbucks unionized workers are planning a walkout on “red cup day”, and XRP drops after news of a fake BlackRock-managed XRP ETF. In this episode: Cathie Wood, @CathieDWood Mike Johnson, @SpeakerJohnson Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Melissa Lee, @MelissaLeeCNBC Zach Vallese, @zachvallese Cathie Wood 10:10 Mike Johnson 29:10
Mon, November 13, 2023
After Moody’s revised its outlook for the United States government from stable to negative, investors are watching the Federal Reserve to see where it will take rates next. Former Kansas City Fed President Esther George share’s her thoughts on the Fed's decision to keep their options open on rate hikes and her observations on signs of economic cooling. Plus, Novo Nordisk’s weight loss drug Wegovy cut the risk of serious cardiovascular complications in people with obesity and heart disease. Dr. Angela Fitch, Chief Medical Officer of Knownwell and President of the Obesity Medicine Association, joins to delve into the latest study on Wegovy, exploring its implications for the obesity epidemic in the U.S., and more.
Mon, November 13, 2023
CNBC’s Alex Sherman reports on the inside story of a CEO succession plan gone awry at Disney — a cautionary tale of how good intentions clashed with ego and hubris at the highest levels of corporate America. Sherman spoke with more than two dozen people who worked closely with Disney’s last two CEOs, Bob Iger and Bob Chapek, between 2020 and 2022. His report features many never-before reported details about Chapek’s tenure, how and why he was fired, and Iger’s plan to revive Disney now that he’s CEO once again. To read the full article go to https://cnb.cx/3Pr3kEd
Mon, November 13, 2023
CNBC’s Alex Sherman reports on the inside story of a CEO succession plan gone awry at Disney — a cautionary tale of how good intentions clashed with ego and hubris at the highest levels of corporate America. Sherman spoke with more than two dozen people who worked closely with Disney’s last two CEOs, Bob Iger and Bob Chapek, between 2020 and 2022. His report features many never-before reported details about Chapek’s tenure, how and why he was fired, and Iger’s plan to revive Disney now that he’s CEO once again. To read the full article go to https://cnb.cx/3Pr3kEd
Fri, November 10, 2023
At the 30th annual Baron Investment Conference, billionaire buy-and-hold investor Ron Baron explains why 10% of his portfolio is Tesla stock, and 4% is SpaceX. He’s Elon Musk’s biggest bull, and he shares his excitement about the “railroad to space” SpaceX is planning to build. A long-term investor and optimist, Baron explains why he has never owned a bond, and why he invests as much as he can, whenever he can. Plus, Senator Joe Manchin (D-WV) is not seeking reelection , which has sparked speculation that he may be readying himself for a Presidential bid. Ron Baron - 10:35, 26:46 In this episode: Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Melissa Lee, @MelissaLeeCNBC Katie Kramer, @Kramer_Katie
Fri, November 10, 2023
Senators Joe Manchin (D-West Virginia) and Mitt Romney (R-Utah) have proposed their Fiscal Stability Act, as the deadline to avert a government shutdown approaches. The bipartisan colleagues discuss the government debt crisis, as well as leadership in both parties in the 2024 election cycle. CNBC Julia Boorstin interviewed Disney CEO Bob Iger after the entertainment giant reported its Q4 results. She shares highlights from the conversation and the significance of SAG-AFTRA’s tentative agreement with Hollywood , ending the industry’s strike. Plus, Eli Lilly’s weight loss drug has been approved by the FDA, and America is digesting the third Republican Presidential debate . Julia Boorstin - 8:52 Senators Joe Manchin & Mitt Romney - 16:47 In this episode: Joe Manchin, @Sen_JoeManchin Mitt Romey, @MittRomney Julia Boorstin, @JBoorstin Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Wed, November 08, 2023
After testifying before the Senate Judiciary Committee, former Facebook employee and former Instagram consultant Arturo Béjar joins Joe Kernen, Becky Quick, and Andrew Ross Sorkin to discuss his calls for teen safety tools on Meta’s platforms . Béjar shares data on the number of teens who’ve experienced unwanted sexual advances on Instagram, as well as Meta’s responses to his calls for action. Altimeter Capital founder and CEO Brad Gerstner is urging American policymakers to invest at home. The tech investor and founder considers where American financial wellbeing falls on the country’s budgetary priority list, while billions are sent to foreign allies. Plus, Meta is now requiring political advertisers to disclose use of AI in their ads, and Cava has cooked up a surprise profit this quarter. Brad Gerstner - 09:44 Arturo Béjar - 31:15 In this episode: Brad Gerstner, @altcap Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Tue, November 07, 2023
Chicago Fed President Austan Goolsbee says the U.S. central bank is making progress in its fight against inflation, but investors still don’t know whether the Federal Reserve has finished hiking rates . Pollster Frank Luntz considers the political state of play on today’s Election Day, a year out from the 2024 Presidential Election . He unpacks the top priorities and top candidates for young voters, as well as the impact the Israel-Hamas War will have on American politics. Plus, WeWork has filed for bankruptcy , and actors are still on strike after rejecting a deal from Hollywood studios. Austan Goolsbee 12:47 Frank Luntz 33:06 In this episode: Austan Goolsbee, @Austan_Goolsbee Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, November 06, 2023
In three parts, Joe Kernen, Becky Quick, and Andrew Ross Sorkin unpack the intense conversations between college students, college administrators, donor alumni , and employers regarding the ‘right’ way to respond to the Israel-Hamas War and the uptick in anti-semitism and islamophobia that has appeared in its wake. Former SEC Chair and University of Pennsylvania Adjunct Professor of Law Jay Clayton offers his own perspective on the law firms that have addressed law school deans directly on this topic. He counts the lack of clear governance as a contributing factor to rising hate speech and insufficient response on university campuses. Hedge fund billionaire Bill Ackman dials in to respond and share his own perspective, as a Harvard alumnus pushing his own alma mater to do better as an emotionally charged geopolitical environment makes waves on campus. Clayton - 10:07 Ackman - 22:40 In this episode: Bill Ackman, @BillAckman Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, November 03, 2023
Sam Bankman-Fried was found guilty on all 7 criminal charges he faced in the weeks-long trial that captivated Wall Street and Main Street. CNBC’s Kate Rooney reports on the prison-time the FTX founder is facing (a maximum of 115 years), and the evidence that got him there. The SEC’s former Internet Enforcement Chief John Stark explains what the verdict means for crypto regulation going forward. Transportation Secretary Pete Buttigieg discusses the UAW’s deals with American automakers after negotiations finally ended a six-week strike. He discusses aviation’s biggest challenges, American infrastructure, and investing in autonomous vehicles. Plus, Kraft Heinz is cashing in on the Taylor Swift economy , which–if you hadn’t noticed–is booming. Kate Rooney - 2:17 John Stark - 6:41 Pete Buttigieg - 17:29 In this episode: Kate Rooney, @Kr00ney Pete Buttigieg, @SecretaryPete Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Thu, November 02, 2023
The Federal Reserve has left interest rates as they are, in its latest decision. Neuberger Berman’s Steve Eisman, the portfolio manager profiled in “The Big Short,” breaks down Fed Chair Jay Powell’s latest remarks, the state of the economy, and the handling of the Israel-Hamas War on campus at his alma mater, University of Pennsylvania. Palantir has reported a strong quarter , and CNBC’s Frank Holland explains CEO Alex Karp’s commentary on American competitiveness, the Palantir software, and standing by Israel. Disney is buying the rest of Hulu from Comcast, in a long-awaited and widely-expected decision on the asset. Plus, the New York City Marathon is this Sunday! Brooks Running CEO Jim Weber expects almost 10,000 runners to be racing in his shoes, and he’s cheering them on. Steve Eisman 13:43 Jim Weber 22:56 In this episode: Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Wed, November 01, 2023
Legendary investor and hedge fund manager Stanley Druckenmiller explains his concerns about the U.S. debt and government aid for Ukraine and Israel. Druckenmiller, billionaire philanthropist and CEO of Duquesne Capital Management, weighs in on Janet Yellen’s leadership of the Treasury, American exceptionalism, and “drunken sailor” spending. Plus, a U.S. jury ruled that the National Association of Realtors and other brokerages conspired to artificially inflate commissions for agent sales, and Sam Bankman-Fried’s fraud trial is winding down. Stanley Druckenmiller: 12:13 In this episode: Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Tue, October 31, 2023
After more than six weeks, the United Auto Workers union strikes have finally come to an end, though the tentative agreements must still be ratified by union members. Abroad, the World Bank is warning that oil prices could soar if the Israel-Hamas War expands. Stateside, PIMCO’s Head of US Policy Libby Cantrill is telling her clients that the Presidential nominees are likely already set, and they’re familiar faces for American voters. Plus, an update on the two biggest courtroom dramas this week: Sundar Pichai’s testimony before the DoJ and Sam Bankman-Fried, grilled by prosecutors in his fraud trial. Happy Halloween! Libby Cantrill - 14:17 Kate Rooney - 25:09 In this episode: Kate Rooney, @Kr00ney Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, October 30, 2023
The United Auto Workers union has reached a tentative deal with Stallantis. CNBC’s Phil LeBeau reports the details of the deal and the outlook for GM, which is still at the negotiating table. Two courtroom dramas are underway: Alphabet CEO Sundar Pichai is testifying in the DoJ’s antitrust case against Google , and disgraced FTX founder Sam Bankman-Fried is testifying in his own fraud trial. In DC, former White House Chief Technology Officer Aneesh Chopra considers the price of Google search and the many nuances of alleged anticompetitive business. In New York, Puck founding partner Teddy Schleifer has followed the Sam Bankman-Fried case from the beginning, and offers his outlook on the case, the defense, the evidence, and the jury so far. Plus, CNBC’s Eamon Javers has the details on President Biden’s Executive Order on AI , former Vice President Mike Pence has dropped out of the race for President, and a familiar voice made a cameo on the Simpsons! Aneesh Chopra - 16:36 Teddy Schleifer - 24:35 In this episode: Teddy Schleifer, @teddyschleifer Eamon Javers, @EamonJavers Phil Lebeau, @Lebeaucarnews Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, October 27, 2023
Disgraced FTX founder Sam Bankman-Fried testified in his own trial–without jurors. CNBC’s Kate Rooney was in the courtroom, and she shares details of what he said and how the judge responded. Former SEC Commissioner and attorney Jay Clayton joins to discuss the strategy of SBF’s defense team. Check out Andrew Ross Sorkin’s interview with Sam Bankman-Fried at the beginning of the saga–when he was still in the Bahamas! Plus, in a conversation you’ll only hear on this podcast, Andrew Ross Sorkin speaks with singer, songwriter, and entrepreneur Will.i.am and inventor and philanthropist Dean Kamen on their work to educate kids in STEM and robotics. Kamen founded nonprofit FIRST in 1989, and now he and Black Eyed Peas frontman Will.i.am are gearing up for their annual fundraising gala in December. The two discuss the value of FIRST’s K-12 STEM education programs, how the musician first met the Segway inventor, and how AI is changing job opportunities for everyone–from kids to creatives. Kate Rooney - 10:31 Jay Clayton - 15:26 will.i.am + Dean Kamen - 26:39 In this episode: Will.i.am, @iamwill Kate Rooney, @Kr00ney Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Thu, October 26, 2023
It’s a deal! The United Auto Workers union and Ford have reached a tentative deal to end a nearly six-week strike. CNBC’s Phil LeBeau explains the terms of the agreement, and what’s next for the remaining UAW strikes. After more than 3 weeks without a leader, the House Republicans have backed Rep. Mike Johnson (R-La.) as their new Speaker. Plus, as the death toll in the Israel-Hamas War rises and anti-Jewish, anti-Muslim, and anti-Arab incidents rise, Anti-Defamation League CEO Jonathan Greenblatt discusses how his organization is helping American companies and universities to condemn antisemitism. Presidential hopeful Nikki Haley weighs in on the conflict and offers her foreign policy strategy to navigate supporting Ukraine and Israel while avoiding a third world war. Nikki Haley - 14:41 Jonathan Greenblatt - 30:14 In this episode: Nikki Haley, @NikkiHaley Jonathan Greenblatt, @JGreenblattADL Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Wed, October 25, 2023
House Republicans have settled (for now) on another nominee for Speaker: Rep. Mike Johnson (R-La.) . A bipartisan group of 42 attorneys general is suing Meta , alleging that its apps are addictive and aimed at their youngest users. Wharton Professor, author, organizational psychologist, and “Re: Thinking” podcaster Adam Grant discusses his new book, “Hidden Potential.” He shares his advice for unlocking talent in ourselves and others, and offers a different metric for measuring success. WeWork’s former CEO Adam Neumann is in Riyadh for Saudi Arabia’s Future Investment Initiative. Having grown up in Israel, Neumann shares his grief for his home kibbutz, among those attacked in the Israel-Hamas War , and explains the role business can play in building a community to contribute to peace. Plus, where are you most productive? Blackstone’s Steve Schwarzman says remote workers are literally and metaphorically phoning it in. Adam Grant - 17:29 Adam Neumann - 27:35 In this episode: Adam Grant, @AdamMGrant Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Tue, October 24, 2023
Apple supplier Foxconn is reportedly facing a tax investigation in China. Apple’s other issue these days: Chinese e-commerce retailers are offering iPhone 15s at a steep discount, raising questions about demand for Apple products. Professor, former CEO, and biographer of both Steve Jobs and Elon Musk Walter Isaacson discusses the tricky terrain for a corporation like Apple, navigating Chinese and American geopolitics. Plus, a pivot to the Middle East. One of many, a tech entrepreneur lost his daughter in the Israel-Hamas War . Eyal Waldman, co-founder of Nvidia-acquired Mellanox, grieves for his daughter, who was among those killed in the Hamas attack on the Nova Music Festival. He shares his perspective on the conflict and on the road forward, hoping for a two-state road to a peaceful future. Walter Isaacson - 01:39 Eyal Waldman - 13:39 In this episode: Walter Isaacson, @walterisaacson Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, October 23, 2023
It’s a merger Monday! Chevron is buying Hess for $53B in the second huge oil transaction in weeks. Becky Quick shares details on the deal from her conversation with Chevron CEO Michael Wirth, and Joe Kernen and Andrew Ross Sorkin consider the implications of the deal for the American energy ecosystem. Nine new Republicans have joined the race for Speaker , but no clear resolution to the legislative chaos has emerged. CNBC’s Emily Wilkins explains the situation in DC, and former Republican Ways and Means Committee Chair Kevin Brady joins former Democrat Congresswoman Donna Edwards to discuss the logjam and the leadership on the Hill. Plus, a special conversation with NBA star and author Andre Iguodala, who’s hanging up his basketball shoes after two decades on the court. He’s turning to his venture capital career full time, and he has advice for athletes looking to follow his lead: be obsessed. Emily Wilkins - 12:34 Kevin Brady and Donna Edwards - 14:14 Andre Iguodala - 22:57 In this episode: Andre Iguodala, @andre Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, October 20, 2023
Federal Reserve Chair Jerome Powell spoke at the Economic Club of New York , telling Wall Street and Main Street that inflation is too high, but interest rates are not. Atlanta Fed President Raphael Bostic discusses the road ahead for the central bank’s resolute commitment to bringing inflation down to 2%, and suggests that more hikes could come in 2024. In DC, the House is set to vote again for Speaker , and CNBC’s Eamon Javers explains the many complications for the GOP. Fresh off his trip to Israel, President Biden is making a pitch for aid packages to Ukraine and Israel , emphasizing the importance of democracy in both regions of conflict. Plus, Rich Paul is out with a new book, “Lucky Me: A Memoir of Changing the Odds.” The agent representing Lebron James, Odell Beckham Jr., and Anthony Davis, Paul shares his “rules” for tapping into entrepreneurship and ambition and making your own luck. Raphael Bostic - 19:04 Rich Paul - 33:29 In this episode: Eamon Javers, @EamonJavers Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Thu, October 19, 2023
Co-founder of Silver Lake, co-chair of Brookings, and chairman of North Island Glenn Hutchins discusses the geopolitics at play in the Israel-Hamas War , including what’s at stake for global actors at the Saudi Arabia Investors Conference next week. He also shares his reasoning on why so far, the conflict has had little impact on the markets. The House Select Committee on the Chinese Communist Party has sent letters to American venture capital firms including Sequoia , asking them to list investments in groups developing AI, machine learning, chips and quantum that are based or have “significant operations” in China. Rep. Raja Krishnamoorthi (D-Il.) and Rep. Mike Gallagher (R-Wi.) discuss their efforts to curb competition from China, and they share their hopes of bipartisanship in the ongoing race for Speaker . Plus, Wall Street awaits commentary from Fed Chair Jay Powell. Mike Gallagher - 12:10 Raja Krishnamoorthi - 12:10 Glenn Hutchins - 20:29 In this episode: Mike Gallagher, @RepGallagher Raja Krishnamoorthi, @CongressmanRaja Michael Santoli, @michaelsantoli Steve Liesman, @steveliesman Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Wed, October 18, 2023
Corporate and university leaders are wavering on public statements about the Israel-Hamas War. Yeshiva University President Rabbi Ari Berman has created a coalition and a statement of “truths” to help those leaders navigate and educate the campus movements making headlines. He underscores the importance of differentiating between Hamas and Palestinians. United Airlines reported better than expected third quarter results, but CEO Scott Kirby offered disappointing guidance for the fourth quarter. Kirby explains his outlook for the airline industry, how the Israel-Hamas War on the ground has disrupted air traffic, and the changes his lower-cost competitors are likely to make in the future. Plus, activist investor Carl Icahn has sued Illumina’s board of directors, and President Biden has touched down in Israel . Scott Kirby - 11:18 Ari Berman - 19:13 In this episode: Scott Kirby, @united Phil Lebeau, @Lebeaucarnews Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Tue, October 17, 2023
President Biden is headed to the Middle East . Former Supreme Allied Commander of Nato Admiral James Stavridis discusses the explicit and implicit politics at play in the Presidential trip to Israel and Jordan. Guggenheim Partners Executive Chair Alan Schwartz discusses his outlook for recession and the greatest risks to the American economy. The last CEO of Bear Stearns also explains his concern for the federal budget. Plus, Choice Hotels has offered a nearly $8B deal to take over Wyndham Hotels and Resorts, and Rep. Jim Jordan (R-Oh.) is hoping for a favorable vote in the still-leaderless House today. Other stories Squawk is watching: Bitcoin’s bounce on a now-retracted CoinTelegraph report, and ‘remote work cities,’ just a pandemic pipe dream. Alan Schwartz - 10:02 Adm. James Stavridis - 21:17 In this episode: Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, October 16, 2023
As the Israel-Hamas War begins its second week, historian and economist Daniel Yergin considers the impact of a regional conflict on global energy markets . Harvard professor, author, and happiness expert Arthur Brooks weighs the pressures on America’s corporate and educational leaders to speak out on current events like the war, in light of recent calls to action from Apollo CEO Marc Rowan and Anti Defamation League CEO Jonathan Greenblatt . Brooks argues for a more conservative approach to public statements from the C suite. Plus, Taylor Swift’s Eras Tour concert film has already broken records, the US House of Representatives is still looking for a Speaker, and media analysts are eyeing activist shareholder Starboard Value’s stake in Rupert Murdoch’s News Corp. Arthur Brooks - 10:21 Daniel Yergin - 20:27 In this episode: Arthur Brooks, @arthurbrooks Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, October 13, 2023
After 22 months, Microsoft has closed its $69.5B acquisition of Activision Blizzard . So what now? Activision Blizzard CEO Bobby Kotick reflects on the long road to regulatory approval, and what’s next for gaming and for Activision-turned-Microsoft employees. After building Activision into the gaming giant it is today, Kotick considers his own next chapter and his legacy as CEO. And the White House is taking on junk fees . Consumer Financial Protection Bureau Director Rohit Chopra is co-leading the effort, and he explains what they are and how the administration is planning on curbing them. Plus, NBC’s Kelly Kobiella is in Jerusalem, reporting on the 1m+ Palestinians attempting to flee Gaza after the Israeli Defense Forces ordered an evacuation . In Washington DC, CNBC’s Emily Wilkins explains the House’s ongoing search for a Speaker, after Rep. Steve Scalise (R-LA) ended his bid for the position. Rohit Chopra - 11:38 Bobby Kotick - 22:19 In this episode: Kelly Cobiella, @KellyCobiella Emily Wilkins, @emrwilkins Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Thu, October 12, 2023
How is Hamas funded? TRM Labs Head of Global Policy and former federal prosecutor Ari Redbord discusses how his company tracks Hamas fundraising on the blockchain, and how Israeli and US law enforcement are tracing terror financing on crypto networks. Plus, Apollo Global Management CEO Marc Rowan, a University of Pennsylvania alumni and Chairman of its Wharton School board, is urging fellow alumni to halt donations to the university. Rowan calls the university’s response to the Israel-Hamas War , in conjunction with the school’s controversial bookings at its Palestinian literary festival last month, ‘morally confused and bankrupt.’ He’s pushing back on what he says is the university’s failure to condemn antisemitism, and he is not alone in critiquing universities and corporations for their leadership on Hamas’s attack on Israel. Other business headlines of the day include CPI data , post-IPO Birkenstock , and the drama at the trial of Sam Bankman-Fried . Ari Redbord - 18:14 Marc Rowan - 27:18 In this episode: Kate Rooney, @Kr00ney Robert Frank, @robtfrank Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Wed, October 11, 2023
Exxon Mobil has struck a $59.5 billion deal to acquire Pioneer Natural Resources in an all-stock merger. Pioneer Natural Resources CEO Scott Sheffield and Exxon Mobil CEO Darren Woods discuss how the deal came about, potential regulatory hurdles, and what role fossil fuels will play in our future. Incidents of religious-based hate and discrimination are on the rise as the fifth day of fighting in the Israel-Hamas War is underway. Anti-Defamation League CEO Jonathan Greenblatt explains why Fortune 500 CEOs should sign the ADL’s pledge to condemn antisemitism, and what American corporations can do to support their Jewish employees. Plus, Novo Nordisk stock is popping on more Ozempic success, Congress is seeking a new House Speaker, the White House wants to crack down on junk fees , and testimony at Sam Bankman-Fried’s trial illuminates the internal goings-on of FTX before its collapse . Darren Woods and Scott Sheffield - 15:04 Jonathan Greenblatt - 28:19 In this episode: Jonathan Greenblatt, @JGreenblattADL Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Tue, October 10, 2023
Founder of both the Tudor Investment and the Robin Hood Foundation Paul Tudor Jones shares his perspective on the economy and the markets, from interest rates and bond yields to equities prices and crypto. The billionaire hedge funder weighs in on America’s greatest geopolitical and economic challenges. Jones also explains Robin Hood’s work to support asylum seekers in NYC and highlights the nonprofit’s Investors Conference coming up on October 24-25th. Plus, we’re on the ground in Jerusalem with Jon Medved, founder and CEO of OurCrowd, which is one of Israel’s largest venture investing vehicles. The investor discusses Israeli sentiment and the flow of business amid the country’s war with Hamas . Paul Tudor Jones - 3:20 Jon Medved - 34:53 In this episode: Paul Tudor Jones, @ptj_official Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Mon, October 09, 2023
Thousands have been killed and injured in the wake of Hamas’s surprise attack on Israel over the weekend. New York Times columnist Thomas Friedman considers reports that Iran played a role in the assault and weighs concerns of an expanded conflict involving Lebanon and Hezbollah. Friedman highlights how this conflict could impact Russia’s strategic objectives and the pipeline of U.S. military aid to Ukraine. Coauthor of “Startup Nation” and former political advisor Dan Senor offers the Wall Street view: how the conflict impacts Israel’s business ecosystem, and how multinational corporations with operations there will keep up business–or not. Plus, NBC’s Kelly Cobiella reports on the ground in Tel Aviv, and Again Capital Founder John Kilduff explains how the Israel-Hamas conflict affects the oil markets . Kelly Cobiella - 3:47 John Kilduff - 14:39 Thomas Friedman - 19:08 Dan Senor - 30:28 In this episode: Thomas Friedman, @tomfriedman Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Fri, October 06, 2023
Dell Technologies has announced a boost to its buyback plan and to its profit-growth outlook, in a meeting this week with analysts. CEO and founder of the computing giant Michael Dell discusses how AI innovation is slowly building his business’s financial returns, and how he’s planning to diversify his supply chain away from China. Florida Governor Ron DeSantis explains his stance on aiding Ukraine and working with America’s giant corporations like Disney . The Presidential hopeful shares why he believes his strategies in the sunshine state could be implemented nationwide, if he lands in the White House. Plus, the UAW strikes persist , the U.S. labor market is looking strong, Elon Musk is in hot water with the SEC (again), and it’s compliance training season! Get those modules in. If you want even more financial podcasting for your weekend, tune into ‘The Forum,’ the Economic Club of New York’s podcast with Becky Quick. Michael Dell - 14:57 Gov. Ron DeSantis - 26:53 In this episode: Ron DeSantis, @RonDeSantis Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Thu, October 05, 2023
X, the platform formerly known as Twitter, has made cuts to its elections and disinformation team, eliminating almost all of the controls that were built after the 2016 election to prevent wide-scale manipulation. Former Facebook chief security officer, Alex Stamos describes the potential dangers ahead for the 2024 U.S. Presidential election. Singaporean authorities have seized more than 150 properties, luxury cars and thousands of gold bars in a family office money laundering scandal that has quickly grown to $2 billion. CNBC’s Wealth Editor Robert Frank reports on the international intrigue. Plus, the job opening in the House of Representatives, it’s already too late to start your holiday shopping and a hack at Clorox leaves a big stain. Courtney Reagan, 8:12 Alex Stamos, 15:15 Robert Frank, 23:15 In this episode: Alex Stamos, @alexstamos Robert Frank, @robtfrank Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Wed, October 04, 2023
For the first time in U.S. history, the House of Representatives has voted its Speaker Kevn McCarthy (R-CA) out of his leadership seat. 2024 Presidential hopeful Chris Christie, former New Jersey Governor, explains who might be up for the Speaker job and weighs in on the Republican party’s fate, as the Presidential election nears. Plus, the Federal Trade Commission has launched an antitrust case against Amazon , and the Department of Justice has Google parent Alphabet in its sights. Antitrust expert and Columbia Law School Professor Tim Wu explains the regulators’ routes to a competitive marketplace , plus what it means for big tech’s big innovations. Chris Christie, 16:11 Tim Wu, 31:25 In this episode: Chris Christie, @GovChristie Tim Wu, @superwuster Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Tue, October 03, 2023
Days after avoiding a government shutdown, House Speaker Kevin McCarthy faces potential ouster from leadership by his own party. He shares directly with Squawk Box listeners why he is optimistic he’ll prevail . Jury selection kicks off today in the criminal trial of one-time crypto king Sam Bankman-Fried and Microsoft is launching an AI assistant that could transform your work calendar. Steve Kovach reports on the good (?) news that busy office workers can be in two meetings at once. Rep. Kevin McCarthy - 16:01 Steve Kovach - 28:10 In this episode: Kevin McCarthy, @SpeakerMcCarthy Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, October 02, 2023
Crisis averted! For 45 days? Congress narrowly avoids a government shutdown, coming up with a weekend deal to fund the government at its current level until November 17th. But the drama doesn’t end with the deal, as Republican members of the House want to oust Speaker Kevin McCarthy over working with Democrats. Bill Ackman, Pershing Square Capital Management founder and CEO, discusses his new SPARC, a unique kind of SPAC that allows investors to know which company the vehicle is acquiring before they pledge funds. Ackman weighs in on potential interest in Elon Musk’s X , the state of the U.S. economy , the Fed’s inflation fight, and more. Plus, Jury selection for Sam Bankman-Fried's trial starts tomorrow. CNBC’s Kate Rooney reports on the next chapter following the collapse of his crypto exchange, FTX. Ahead of the trial, some of those impacted most by the bankruptcy are sharing their stories in a CNBC digital documentary . Sheelah Kolhatkar, The New Yorker staff writer, also discusses the upcoming trial of Sam Bankman-Fried and the unique relationship Bankman-Fried’s parents played in FTX. Bill Ackman - 16:36 Kate Rooney - 34:11 Sheelah Kolhatkar - 37:55 In this episode: Bill Ackman, @BillAckman Kate Rooney, @Kr00ney Sheelah Kolhatkar, @sheelahk Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, September 29, 2023
Barry Sternlicht, the hospitality and real estate investor, discusses the risks to the economy from union strikes and the Federal Reserve’s interest rate policy. Washington inches closer to a shutdown as House members have failed to come up with a consensus government funding deal – setting up a busy weekend in the Capitol. GameStop activist Ryan Cohen is becoming the retailer’s CEO , nearly three years after the “Meme Stock Mania” showcased individual investors betting on the mall retailer against hedge funds shorting the stock. Author Ben Mezrich remembers fondly the GameStop craze and the story in the new movie “Dumb Money,” The Antisocial Network. Sternlicht - 14:03 Mezrich - 31:02 In this episode: Ben Mezrich, @benmezrich Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Zach Vallese, @zachvallese
Thu, September 28, 2023
With just days to go before a government funding deadline, House Speaker Kevin McCarthy criticizes a short-term Senate government funding bill — stoking more fears that a shutdown could take place — saying the measure would not bolster border security. Crypto trading platform Coinbase is leading a lobbying effort in Washington to find lawmakers supportive of developing new laws for the crypto industry. CEO Brian Armstrong discusses his goals for “Stand with Crypto Day.” Plus, the highlights of the second debate for Republican Presidential candidates, Bank of America CEO Brian Moynihan’s biggest worries and Delta walks back controversial changes to its SkyMiles program. Rep. Kevin McCarthy 14:01 Brian Armstrong - 28:02 In this episode: Kevin McCarthy, @SpeakerMcCarthy Brian Armstrong, @brian_armstrong Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Zach Vallese, @zachvallese
Wed, September 27, 2023
Lina Khan, FTC Chair, is frequently seen as the face and the voice of the Biden administration’s antagonism against the “bigness” of big tech. The Federal Trade Commision and 17 states have filed a landmark lawsuit against Amazon for monopolistic practices; the chair of the commission defends the agency’s decision to pursue the company. President Biden became the first sitting President to walk a picket line, when he traveled to Michigan to throw his support behind striking autoworkers . Detroit’s legacy car companies could be pressured by the UAW strike right into bankruptcy, warns Tesla CEO Elon Musk. Walter Isaascson, Musk’s biographer, weighs in on the view of one of the world’s richest men toward unions and how work is changing. Plus, Target announces store closures due to a rise in retail theft and the WGA strike ends , sending writers back to work. Lina Khan 12:41 Walter Isaacson - 24:24 In this episode: Lina Khan, @linakhanFTC Walter Isaacson, @walterisaacson Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Tue, September 26, 2023
“AI, Schmay-aye” says Barry Diller, on the technology the markets and the content industry can’t stop talking about. The media mogul joins the Squawk Box gang for a deep dive into the causes – and the impact – of the historic twin strikes that have crippled Hollywood. The IAC Chairman and one-time studio head says a marked, existential shift is coming to film and TV, and not a moment too soon. Plus, JPMorgan Chase CEO Jamie Dimon, in Indian, warns that interest rates could rise sharply from here, President Biden heads to the UAW picket line in Detroit today and, shhhhh – ChatGPT is listening . Barry Diller 15:30 In this episode: Phil LeBeau, @Lebeaucarnews Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, September 25, 2023
The government funding deadline – midnight on October 1st – is looming and the likelihood of a federal shutdown is high. Pimco’s head of public policy, Libby Cantrill, describes the gamesmanship in Washington and weighs in on its potential impact to investors and consumers . Inflation persists in spite of the Federal Reserve’s rate hike strategy. Chicago Fed President Austan Goolsbee defends the central bank’s goals, arguing that avoiding a recession is still possible – but inflation remains a risk. Puck’s Matt Belloni on the tentative deal between the WGA and Hollywood studios to end the 4 month-long writers strike, Taylor Swift upstages the NFL and Tinder offering subscriptions for seriously-motivated daters. Plus, the earworms we can’t stop singing! Matt Belloni 04:32 Emily Wilkins 14:49 Libby Cantrill 16:42 Austan Goolsbee 25:17 In this episode: Matthew Belloni, @mattbelloni Emily Wilkins, @emrwilkins Libby Cantrill, @Pimco Austan Goolsbee, @Austan_Goolsbee Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, September 22, 2023
Over the next few months, the DOJ and a collection of state attorneys general will make their case to a D.C. District Court judge for why Google has allegedly violated anti-monopoly law through exclusive agreements with mobile phone manufacturers and browser makers to make its search engine the default for consumers. Tim Wu, Columbia University Law School professor and former Biden administration antitrust advisor, discusses the ongoing Google antitrust trial and why he believes the trial will re-write our future. Admiral James Stavridis, former Supreme Allied Commander of NATO, discusses the current state of China-Taiwan tensions and the risk of a potential conflict in the region. Plus, the Republican stalemate over government funding continues and r oughly 12,700 UAW workers are currently on strik e, but the movement is spreading to more plants. Additional links: Check out Harry Wilson, former senior member of President Obama’s auto industry tax force, offering lessons from previous auto strikes, recently on Squawk Box . Tim Wu: 12:50 James Stavridis: 22:04 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Thu, September 21, 2023
The Federal Reserve held rates steady but pointed to another hike this year. CNBC’s Steve Liesman discusses the Fed’s latest decision. Steve Eisman, the “Big Short” investor who called and profited from the subprime mortgage crisis, says he’s staying away from bank stocks. The Neuberger Berman senior portfolio manager, also discussed the latest market trends, the Fed’s inflation fight, the state of the banking sector, and more. Plus, CNBC’s David Faber reports writers and producers are near an agreement to end the Writers Guild of America strike after meeting face-to-face yesterday. Here is the episode of Glenn Close speaking at Berkshire Hathaway’s shareholder meeting on the Hollywood writers strike and A.I. This episode published May 6th, 2023: https://podcasts.apple.com/us/podcast/squawk-pod/id1480890290?i=1000612150771 Steve Liesman - 8:28 Steve Eisman - 16:34 David Faber - 29:25 In this episode: David Faber, @davidfaber Steve Liesman, @steveliesman Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Wed, September 20, 2023
Disney CEO Bob Iger has announced plans to expand investment in parks and cruises ; New York Times columnist and “Disney War” author James Stewart unpacks the House of Mouse’s new strategy, as well as Iger’s leadership. Yale lecturer and journalist Joanne Lipman examines the pros and cons of a four-day work week in light of employee unrest in the American workforce, from the UAW to SAG-AFTRA and beyond. Plus, Elon Musk’s Neuralink is looking for brain implant trial subjects, Microsoft is making a fresh push into gaming , and the maker of Marlboro is rethinking its venture into pharma. Jim Stewart 11:32 Joanne Lipman 23:03 In this episode: Joanne Lipman, @joannelipman James Stewart, @JamesStewartNYT Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Tue, September 19, 2023
After nearly a decade, Instacart investors are finally getting their exit. Reddit co-founder and 776 founder Alexis Ohanian was one of Instacart’s early investors, and he explains the headwinds and tailwinds facing the business on the day of its long-awaited IPO. In the wake of cyber breaches at Clorox , MGM, and Caesars , cybersecurity CEO Kevin Mandia explains the network of cybercriminals targeting corporations and the cyber defense strategies that will thwart attackers. Mandia led FireEye and is now CEO of Mandiant, a cyber threat intelligence subsidiary of Google. Plus, Elon Musk might start charging users to post on X , and UAW strikers continue their push against US automakers. Leslie Picker - 13:28 Alexis Ohanian - 19:33 Kevin Mandia - 31:04 In this episode: Alexis Ohanian, @alexisohanian Kevin Mandia, @Mandiant Leslie Picker, @LesliePicker Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, September 18, 2023
The United Auto Workers' strike against General Motors, Ford, and Stellantis, which makes cars under the Chrysler, Dodge, Jeep and Ram brands, has entered its fourth day. CNBC’s Phil LeBeau reports on the demands from both sides, and The Wall Street Joural’s Tim Higgins explains how Elon Musk’s Tesla is involved (by not being involved), as well as President Biden’s role. Former Microsoft CEO Steve Ballmer, now founder of USAFacts, discusses DC’s recent tech and political summit on AI and innovation’s regulatory framework. To listen to more from our coverage of the AI forum, hosted in the U.S. Senate, check out this recent episode . Steve Ballmer also answers our questions about tax policy, after presidential candidate Sen. Tim Scott, (R-SC) recently joined Squawk Box and said he wanted to make tax cuts permanent . Plus, Instacart is going public and House Republicans released a short-term bill to avert a government shutdown until Oct. 31st. Steve Ballmer - 12:42 Phil Lebeau - 31:06 Tim Higgins - 34:54 In this episode: Tim Higgins, @timkhiggins Steve Ballmer, @Steven_Ballmer Phil LeBeau, @Lebeaucarnews Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, September 15, 2023
Thousands of United Auto Workers members are now on strike after the big three Detroit automakers GM, Ford, and Stellantis failed to reach deals with the union by their deadline. CEO of General Motors Mary Barra explains to CNBC’s Phil LeBeau why she’s frustrated with the negotiations. Plus, host of “How to Build a Happy Life,” Harvard professor, The Atlantic contributing writer, and now co-author of a new book with Oprah Winfrey, Arthur Brooks has dedicated his career to cracking the code on happiness. He explains how we can change the way we think about success and the way we look at ourselves to unlock and build a better life. Mary Barra - 11:55 Arthur Brooks - 19:01 In this episode: Arthur Brooks, @arthurbrooks Phil LeBeau, @Lebeaucarnews Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Thu, September 14, 2023
Tech CEOs traveled to Washington, D.C. for a one-of-a-kind closed-door meeting with Senators on the rising regulatory implications of artificial intelligence. One of the lawmakers who organized the session, Sen. Todd Young (R-IN), argues that there is an “appropriate” role for government in determining the future of AI. The death of hope for Generation Z is greatly exaggerated, says NYU Stern School of Business Professor Suzy Welch, breaking out new data from Gallup . She asserts that the young Americans entering the workforce, or about to, are more optimistic than the olds think. Plus, what the looming auto worker strike tells us about the economy and how working Americans feel. The Delta Sky Club just got harder to get past the gatekeeper, and Arby’s has the meats! Or, does it? Todd Young - 18:19 Suzy Welch - 25:21 In this episode: Todd Young, @SenToddYoung Suzy Welch, @suzywelch Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Wed, September 13, 2023
Billionaire buy-and-hold investor Ron Baron discusses his–and his clients’--many millions betting on Elon Musk. One of Tesla’s biggest bulls , Baron discusses his stakes in the EV company and in SpaceX, as well as his expectations for Mars exploration and for X’s evolution. Plus, OTC cold medicine doesn’t work, the United Auto Workers union is planning a strike in Detroit, and the consumer price index made its biggest monthly gain of the year, up 3.7% from last year. Ron Baron - 13:19 In this episode: Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Tue, September 12, 2023
Walter Isaacson’s book “ Elon Musk ” hit shelves today, after two years of unrestricted access to the Tesla and X chief. The seasoned journalist and biographer discusses the good, bad and ugly behind Musk and the demons that drive him. Isaacson recounts a heated exchange between the Tesla CEO and Bill Gates, how Elon Musk thinks of his own power, and what’s behind Musk’s controversial midnight posts on X. Plus, eight more tech companies including Adobe, IBM, and Nvidia have signed up for President Joe Biden’s voluntary commitments regarding artificial intelligence. Walter Isaacson 14:56 In this episode: Walter Isaacson, @WalterIsaacson Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, September 11, 2023
U.S. President Joe Biden has called on G20 leaders to further support the World Bank and other multilateral development banks to increase their ability to support low and middle-income countries. Biden has previously said that developing countries need to reduce their dependence on China and help them recover from the effects of Russia’s war on Ukraine. Deputy Treasury Secretary Wally Adeyemo discusses the President’s recent trip to Asia, as well as China’s economic weakness and Xi Jinping’s leadership. After leading PayPal, Facebook messenger, and Meta’s payments venture, David Marcus has co-founded Lightspark, a bitcoin-based payments network built on the Lightning network. He shares his take on the current state of crypto and on a new era of a maturing bitcoin. Plus, Smucker has agreed to pay $5.6 billion to acquire Hostess Brands , and 19-year-old Coco Gauff became the latest Black American woman to leave a history-making mark on the most sacred grounds of U.S. tennis. Wally Adeyemo - 10:50 David Marcus - 25:37 In this episode: David Marcus, @davidmarcus Wally Adeyemo, @TreasuryDepSec Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, September 11, 2023
In a first-of-its-kind partnership, CNBC, First in Business Worldwide, and Boardroom, Kevin Durant and Rich Kleiman’s premier media brand covering the business of sports, music and entertainment, teamed up to produce Game Plan. From what drives the modern-day sports fan to emerging opportunities in teams and leagues, CNBC goes courtside with the most influential leaders from across the sports landscape including athletes, owners, investors and innovators to break down their game plan for these rapidly evolving businesses. This event took place on July 25th, 2023 in Los Angeles. Featuring: Andrew Ross Sorkin, “Squawk Box” Co-Anchor Scott Wapner, “Fast Money Halftime Report” and “Closing Bell” Host Julia Boorstin, CNBC Senior Media & Tech Correspondent
Fri, September 08, 2023
Apple shares have been under pressure this week, as reports of China’s restriction of Apple products continue. CNBC’s Beijing Bureau Chief Eunice Yoon discusses the report and the CCP’s approach to American big tech. Commissioner of the U.S.-China Economic and Security Review Jacob Helberg warns that this ‘tech war’ could give way to a military war between China and the US. As students get back to school and workers head back to the office, the MTA is prepared for an uptick in NYC ridership, despite the subway’s recent fare hike. MTA CEO Janno Lieber argues that congestion pricing is a good thing for commuters, and explains the declining crime rates in the MTA systems. Plus, Elon Musk interfered in the Russian war with Ukraine, BMW is making small (and hot) changes, and Goldman Sachs CEO David Solomon is speaking out about his negative press. Eunice Yoon 15:37 Jacob Helberg 17:57 Janno Leber 28:13 In this episode: Janno Lieber, @MTA Eunice Yoon, @onlyyoontv Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Thu, September 07, 2023
Investing legend Leon Cooperman is out with a new book, “From the Bronx to Wall Street: My Fifty Years in Finance and Philanthropy.” The Omega Family Office CEO and Chairman discusses his current holdings, his outlook on inflation and recession, and why he’s a lifelong–and sentimental–capitalist. Apple shares were under some pressure after a report that China restricted iPhone use for government officials. Warner Brothers Discovery CEO David Zaslav spoke on the streaming landscape and Hollywood strikes at a Goldman Sachs conference. Plus, CNBC’s Personal Finance Correspondent Sharon Epperson says, many Americans are financially stressed. She details results from CNBC’s Your Money Survey and explains retirement saving plans and why so many workers are caught between the many ‘shoulds’ of personal finance. Leon Cooperman 11:40 Sharon Epperson 31:04 In this episode: Sharon Epperson, @sharon_epperson Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Wed, September 06, 2023
: Anti-Defamation League CEO Jonathan Greenblatt is pushing back on Elon Musk , calling the billionaire’s insinuation to sue the nonprofit over defamation a “threat of a frivolous lawsuit.” Musk claimed on Monday that the ADL was responsible for putting “pressure on advertisers” that led to a 60% drop in X’s advertising revenue. NFL legend Tom Brady will become a “strategic adviser” to Delta Airlines in his latest post-NFL career move. Delta CEO, Ed Bastian, Tom Brady, and CNBC’s Phil LeBeau discuss the partnership and how Brady’s able to decide what works and what doesn’t in leadership. Plus, Amazon could be hit by an FTC antitrust lawsuit later this month and celebrating the life of Jimmy Buffett. Jonathan Greenblatt 12:20 Tom Brady & Ed Bastian 21:30 In this episode: Tom Brady, @TomBrady Ed Bastian, @Delta Phil LeBeau, @Lebeaucarnews Jonathan Greenblatt, @JGreenblattADL Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick
Tue, September 05, 2023
DeepMind co-founder and Inflection AI co-founder Mustafa Suleyman discusses his new book, “The Coming Wave,” which maps out our human future with AI. As one of the technology’s earliest adopters and entrepreneurs, Suleyman discusses the likely shifts to come, and the speed of innovation. Taylor Swift’s Eras Tour is coming to theaters ! Matt Belloni, Puck founding partner, discusses the big concert-movie deal, particularly in light of a slow box office amid actor and writer strikes . Plus, Goldman Sachs is lowering its projection for the likelihood of a recession , and Elon Musk is bristling at the Anti-Defamation League . Again. Mustafa Suleyman 12:57 Matthew Belloni 23:00 In this episode: Mustafa Suleyman, @mustafasuleyman Matthew Belloni, @MattBelloni Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Michael Santoli, @michaelsantoli Cameron Costa, @CameronCostaNY
Fri, September 01, 2023
The Labor Department released its latest employment data, revealing 187,000 new jobs added to the U.S. economy in August. CNBC reporters Rick Santelli and Steve Liesman discuss whether the unemployment rate, which ticked up to 3.8%, will inform the Federal Reserve’s monetary policy moving forward. President Obama’s former chief economic advisor Betsey Stevenson, Nuveen’s CIO Saira Malik, and former deputy director of the National Economic Council Andrew Olmem discuss the data and the influence it will have on interest rate hikes in the second half of the year. In this episode: Melissa Lee, @MelissaLeeCNBC Scott Wapner, @ScottWapnerCNBC Steve Liesman, @steveliesman Rick Santelli, @RickSantelli Cameron Costa, @CameronCostaNY
Thu, August 31, 2023
Salesforce reported a surprise beat in its quarterly report, and investors seem pleased with Marc Benioff’s optimistic outlook . Elon Musk’s X Corp. is hoping to collect biometric data for the “everything app” of his dreams, and the Tesla chief’s glass house plans are raising eyebrows at the SEC and the DOJ. Cannabis is on track for a reclassification among regulators, but it’s still unwelcome at the US Open. As back-to-school season begins, Chris Caren, Turnitin CEO and president, explains how his software detects the use of A.I. in the classroom and offers his advice to students and educators. Inflation has hit the beverage industry: Ray Isle, Food & Wine executive wine editor, discusses reports that the average price for a bottle of Napa Valley wine is currently over $100. Chris Caren 12:04 Ray Isle 20:24 In this episode: Chris Caren, @Turnitin Ray Isle, @islewine Jon Fortt, @jonfortt Michael Santoli, @michaelsantoli Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Wed, August 30, 2023
The crypto community celebrated a win this week after the U.S. Court of Appeals for the DC Circuit ruled that the SEC was wrong to deny crypto investment giant Grayscale permission to convert its popular bitcoin trust into an ETF. Grayscale CEO Michael Sonnenshein discusses the company’s win, and what it means for the broader crypto community. X has lifted Twitter’s 2019 ban on political ads, and Puck founding partner Teddy Schleifer discusses the social media platform’s influence on the 2024 presidential election. Plus, Apple has a new camera, and Tesla has an ‘Elon mode’ Autopilot configuration . Michael Sonnenshein - 13:25 Teddy Schleifer - 23:46 In this episode: Michael Sonnenshein, @Sonnenshein Teddy Schleifer, @teddyschleifer Robert Frank, @robtfrank Michael Santoli, @michaelsantoli Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Tue, August 29, 2023
The Biden administration has unveiled the first 10 prescription drugs that will be subject to price negotiations between manufacturers and Medicare. CNBC’s Bertha Coombs and Centers for Medicare and Medicaid Services Administrator, Chiquita Brooks-Lasure, discuss the announcement, how the list of drugs were chosen, and more. Amazon CEO Andy Jassy is reportedly ready to let go of remote employees who’d rather stay remote, and OpenAI is launching its chatbot business tier , called ChatGPT Enterprise. Plus, CNBC’s Eamon Javers reports, Meta says it has disrupted a disinformation campaign linked to Chinese law enforcement , what the platform has called the “largest known cross-platform covert influence operation in the world.” Bertha Coombs 15:50 Chiquita Brooks-LaSure 20:33 Eamon Javers 28:17 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Eamon Javers, @EamonJavers Chiquita Brooks-LaSure, @BrooksLaSureCMS Bertha Coombs, @berthacoombs Katie Kramer, @Kramer_Katie
Mon, August 28, 2023
The Federal Reserve’s Jackson Hole meeting is over, but chair Jay Powell’s comments there are still echoing through the markets. Allianz Chief Economic Advisor Mohamed El Erian digests Powell’s Wyoming speech, including his comments that inflation is still too high, and his choice to leave the door open for more rate hikes in the future. U.S. Commerce Secretary Gina Raimondo is in China this week, meeting top officials in an effort to pursue a more stable relationship with the CCP. CNBC’s Beijing Bureau Chief Eunice Yoon reports from China on the local response to Sec. Raimondo’s visit, and what Chinese officials expect to get from the meetings. Plus, the Biden administration is poised to negotiate costs of Medicare drugs directly with pharmaceutical companies. Former FDA Commissioner Scott Gottlieb discusses the impact of these negotiations and the complications still ahead to lower prescription prices. Eunice Yoon - 11:46 Mohamed El Erian - 17:46 Dr. Scott Gottlieb - 28:27 In this episode: Eunice Yoon, @onlyyoontv Scott Gottlieb, MD, @ScottGottliebMD Michael Santoli, @michaelsantoli Robert Frank, @robtfrank Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Fri, August 25, 2023
The SAG-AFTRA strike is resulting in movie release delays from big studios. Semafor’s Ben Smith discusses the delay of “Dune: Part Two” and the importance of promotion and marketing in the Hollywood machine. Remote workers could be losing touch with the larger mission of their company; HR expert and Medley Co-founder Edith Cooper discusses how intentional hybrid work can be impactful and productive, and probes the real needs of employers looking to get employees back to the office. Plus, a group ransacked a Nordstrom store in California, and CNBC’s Julia Boorstin reports on the EU’s new content laws that could result in big fines for big tech. Julia Boorstin 6:51 Ben Smith 15:25 Edith Cooper 21:23 In this episode: Julia Boorstin, @JBoorstin Ben Smith, @semaforben Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Thu, August 24, 2023
Chipmaker Nvidia boasted a 171% uptick in data center revenue in the second quarter; CNBC’s Kristina Partsinevelos explains the earnings beat and the road ahead for chips. Venture capitalist and tech investor Bradley Tusk considers how demand for AI proves to be a tailwind for Nvidia and its competitors. Former Nissan executive Carlos Ghosn’s escape from Japan captured global headlines in 2019, and now the story is ready to capture streaming eyeballs. Director of “Wanted: The Escape Of Carlos Ghosn” James Jones shares details from his new docuseries ready to stream on AppleTV+. Former Green Beret Michael Taylor, a character in the series, explains how he orchestrated Ghosn’s now infamous “music box escape,” and how, after succeeding, he ended up in a Japanese prison. Plus, CNBC’s Eamon Javers breaks down the highlights of the GOP’s first presidential debate for the 2024 election. Kristina Partsinevelos - 14:49 Bradley Tusk - 20:33 Michael Taylor & James Jones - 29:05 In this episode: James Jones, @jamesjonesfilm Kristina Partsinevelos, @KristinaParts Eamon Javers, @EamonJavers Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Kelly Evans, @KellyCNBC Klaire Odumody, @klairemarie
Wed, August 23, 2023
Eight presidential hopefuls have officially qualified for the first Republican presidential debate in Milwaukee. Frank Luntz, FIL Inc. pollster and political strategist, previews the debate, what to expect from the candidates, and the impact of Donald Trump’s absence. Jason Greer, Greer Consulting founder and president, discusses the return to office push by some companies and whether the hybrid work model is here to stay or nearing its end. Plus, Hollywood producers are taking their latest contract proposal public as talks between the studios and writers union remain heated. Frank Luntz - 14:30 Jason Greer - 26:37 In this episode: Frank Luntz, @FrankLuntz Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Tue, August 22, 2023
Nvidia, Microsoft, Google, Amazon and Meta aren't just investing in AI internally; CNBC’s Julia Boorstin reports, big tech is also playing a key role in the AI startup ecosystem. Aneesh Chopra, CareJourney president and former White House Chief Technology Officer, discusses whether big tech is playing too big a role in the AI stack, and whether regulators will soon crack down on the burgeoning sector. Retail visionary Mickey Drexler, former J.Crew Group chairman and CEO and current Alex Mill chairman, discusses retail’s latest earnings , shrink , and the state of the consumer. Plus, Microsoft has submitted a new deal for the takeover of Activision Blizzard and chip designer Arm , which is owned by Japan’s SoftBank, has filed to go public via a Nasdaq listing. Julia Boorstin - 12:42 Aneesh Chopra - 16:03 Courtney Reagan - 24:09 Mickey Drexler - 25:05 In this episode: Aneesh Chopra, @aneeshchopra Julia Boorstin, @JBoorstin Courtney Reagan, @courtreagan Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Mon, August 21, 2023
The markets are mid-pullback , this August; Wharton Professor Jeremy Siegel offers his perspective on bonds versus stocks, and which investments are the most promising for your portfolio. In Chicago, a tipping battle is underway. Scott Weiner, restaurateur and co-owner of The Fifty/50 Restaurant Group in the windy city, discusses the gratuity quandary –and legal proposal–gripping consumers and the local dining industry. Plus, CNBC’s Jane Wells reports from Palm Springs , where Hurricane Hilary made landfall, and CNBC’s Eunice Yoon reports from Beijing, on China’s latest interest rate cut and the country’s struggling economic recovery. Jane Wells - 16:24 Jeremy Seigel - 20:08 Scott Weiner - 30:45 In this episode: Jane Wells, @janewells Eunice Yoon, @onlyyoontv Steve Liesman, @steveliesman Scott Wapner, @ScottWapnerCNBC Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Fri, August 18, 2023
Can AI listen to your keyboard? Researchers at Durham University trained an A.I. model to crack passwords with 95% accuracy by listening to keystrokes. The study’s lead researcher, Joshua Harrison, discusses how it works. Rich Lesser, Boston Consulting Group global chair, discusses the mindset of corporate leaders, including CEO concerns about the economy, inflation, the labor market, and climate. Plus, shares of Outback Steakhouse owner Bloomin’ Brands are on the rise after an activist investor disclosed its interest in the restaurant company. Rich Lesser - 12:15 Joshua Harrison - 24:14 In this episode: Rich Lesser, @BCG Melissa Lee, @MelissaLeeCNBC Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Thu, August 17, 2023
Dad-ager Marc D’Amelio discusses the 200 million+ TikTok followers that his two daughters Dixie and Charli D’Amelio have amassed in the past few years. In the content creating family’s latest IRL venture, D’Amelio Brands is getting into the food business. Insurer Blue Shield of California is teaming up with Amazon and Mark Cuban ’s online pharmacy Cost Plus; CNBC’s Bertha Coombs discusses the move away from traditional drug store chains, the pressure it’s putting on CVS, and how much money each player is hoping to save consumers. Plus, options activity put pressure on the S&P 500 this week, NYC has banned TikTok on government devices, and Buy Buy Baby stores are making a comeback . Bertha Coombs - 14:32 Marc D’Amelio - 23:38 In this episode: Marc D'Amelio, @marcdamelio Bertha Coombs, @berthacoombs Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Kelly Evans, @KellyCNBC Cameron Costa, @CameronCostaNY
Wed, August 16, 2023
Target slashed its sales and profit expectations in its latest quarterly report. CNBC’s Courtney Reagan and Forrester Research’s Sucharita Kodali explain the retailer’s troubles, from inflation-conscious shoppers to Pride month backlash. A new strain of Covid-19 is hitting the American South and West; former FDA Commissioner Dr. Scott Gottlieb explains the risks, the relevance of vaccinations and boosters for immunity, and this phase of endemic Covid. Plus, there are new court filings in the federal case against FTX founder Sam Bankman-Fried, a new deal could breathe life into Wheels Up stock, X Corp. has rebranded Tweetdeck, and Cava is hoping to satisfy Wall Street’s appetite. Sucharita Kodali - 15:17 Courtney Reagan - 11:44 Dr. Scott Gottlieb - 24:09 In this episode: Sucharita Kodali, @smulpuru Scott Gottlieb, MD, @ScottGottliebMD Courtney Reagan, @courtreagan Melissa Lee, @MelissaLeeCNBC Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, August 15, 2023
While the Fed hopes for a soft landing for the economy, “no landing” may not be acceptable and could require additional rate hikes. CNBC’s Steve Liesman reports on the latest economic data and what it signals for Federal Reserve policy. Former Kansas City Fed President Esther George weighs in on what the Fed is watching in the economy. Commercial real estate CEO Scott Rechler of RXR says that some office buildings have what it takes to lure remote workers in and some just won’t make the cut. Plus, Home Depot ’s sales slide, Tesla ’s launches cheaper versions of Model X and Model S and young climate activists in Montana get a big win in court. Esther George: 19:37 Scott Rechler: 30:59 In this episode: Courtney Reagan, @courtreagan Scott Rechler, @scottrechler Steve Liesman, @steveliesman Michael Santoli, @michaelsantoli Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, August 14, 2023
Lawmakers face a ticking clock when they return from recess after Labor Day. They have until September 30th to pass an appropriations bill to keep the government running and avoid a shutdown. President Biden is now seeking an additional $40 Billion for emergency spending including Ukraine aid, disaster relief and immigration efforts. Former U.S. Senator Judd Gregg (R-N.H.) and former U.S. Congresswoman Donna Edwards (D-Maryland) discuss Bidenomics and the odds of a government shutdown. Abby Miller Levy, Primetime Partners co-founder and managing partner, discusses how innovation from big pharma is affecting venture capital flows to health tech, the impact on markets and investors, and more. Plus, Mark Zuckerberg calls off the Elon Musk cage match and the dreaded yield curve inversion may not mean a recession … this time. And, Joe Kernen’s back from vacation! Donna Edwards and Judd Gregg: 15:51 Abby Miller Levy: 25:05 In this episode: Donna Edwards, @DonnaFEdwards Kelly Evans, @KellyCNBC Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Fri, August 11, 2023
Alexis Ohanian, 766 founder and internet venture capitalist, discusses the rebrand of X Corp. (formerly known as Twitter) as it makes a big push to win back advertisers. The Reddit cofounder examines the new social media landscape, the power of online communities, the impact of A.I., and more. And pop up shops are popping up everywhere. Susan Sandler, founder and president of PopUpSummer! discusses the business of short term immersive shopping, the economics behind it, and how brands like Barbie are capitalizing on the concept. Plus, autonomous driving scored a big win , FTX founder Sam Bankman Fried is back in court , and after 101 days of a strike , the Writers Guild and Hollywood leaders are returning to the negotiating table. Alexis Ohanian - 08:37 Susan Sandler - 23:08 In this episode: Alexis Ohanian, @alexisohanian Andrew Ross Sorkin, @andrewrsorkin Melissa Lee, @MelissaLeeCNBC Cameron Costa, @CameronCostaNY
Thu, August 10, 2023
The latest Consumer Price Index shows inflation may have lost a bit of its hold on the U.S. economy. Bank of America’s Liz Everett Krisberg shares results of Bank of America Institute's August Consumer Checkpoint, which reveals a bounceback in consumer spending in July. Virtual game company Roblox reported quarterly results that disappointed investors, but CEO David Baszucki says, the future of communication, play, even advertising–is all in immersive 3D. The ‘Builderman’ himself explains what he’s building in the Roblox metaverse. CNBC’s Eunice Yoon reports on the CCP’s response to President Biden’s executive order limiting US investment in China , and venture capitalist Mitchell Green considers the impact of the new restrictions, both symbolic and real. Liz Everett Krisberg - 09:55 Mitchell Green - 14:29 Dave Baszucki - 23:20 In this episode: David Baszucki, @DavidBaszucki Andrew Ross Sorkin, @andrewrsorkin Kelly Evans, @KellyCNBC Eunice Yoon, @onlyyoontv Katie Kramer, @Kramer_Katie
Wed, August 09, 2023
President Joe Biden’s economic approval numbers have risen modestly in the wake of efforts by the White House to promote what it calls “Bidenomics.” Still, a substantial majority of respondents to the CNBC All-America Economic Survey still disapprove of Biden’s handling of the economy. Brian Deese, MIT Innovation fellow and former National Economic Council Director under President Biden, discusses the state of the U.S. economy, the impact of Bidenomics, and why results haven’t been reflected in polls. Aneesh Chopra, first U.S. chief technology officer in the Obama administration and CareJourney president, discusses X’s efforts to win back advertisers with a new deal with Integral Ad Science. CNBC’s Steve Kovach also has an inside look at the new strategy. Plus, Disney’s ESPN is launching a betting sportsbook and Lyft has a tumultuous quarter, but veteran rider Andrew Ross Sorkin has the top tips ride-share users need. 12:20 - Brian Deese 29:36 - How to find your personal Uber rating 32:32 - Aneesh Chopra In this episode: Brian Deese, @briandeeseNEC Aneesh Chopra, @aneeshchopra Melissa Lee, @MelissaLeeCNBC Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, August 08, 2023
The Biden administration is set to look more closely at U.S. investments going abroad ; Rep. Mikie Sherrill (D-New Jersey) explains why some American businesses and investors are starting to view China as a risky investment, and why increased scrutiny on outbound capital flows could retain America’s competitive edge. New York Post reporter Lydia Moynihan breaks down the workplace trends on social media, from “lazy girl jobs” to “loud quitting.” Plus, AB Inbev is unloading some of its beverages to Tilray, and Italy’s banks are hit with a big, one-time tax. 08:52 - Rep. Mikie Sherill 16:41 - Lydia Moynihan In this episode: Lydia Moynihan: @LJMoynihan Rep. Mikie Sherrill, @RepSherrill Andrew Ross Sorkin, @andrewrsorkin Melissa Lee, @MelissaLeeCNBC
Mon, August 07, 2023
A week into Twitter’s rebranding as X , Semafor business and finance editor Liz Hoffman discusses Elon Musk’s vision for the company, including his hopes of a superapp with financial integrations. President Biden is heading on a trip through the western United States to highlight clean energy manufacturing jobs and the Inflation Reduction Act. President and CEO of the National Association of Manufacturers discusses the efforts to keep the U.S. competitive and the industry criticism of manufacturing regulations under the Biden administration. Elon Musk and Mark Zuckerberg are sparring virtually, planning a physical showdown of the tech giants this summer and drumming up traffic on each leader’s respective platform. Plus, trucking firm Yellow has filed for bankruptcy , potentially leaving US taxpayers with losses. In this episode: Liz Hoffman, @lizrhoffman Andrew Ross Sorkin, @andrewrsorkin Michael Santoli, @michaelsantoli Kelly Evans, @KellyCNBC Katie Kramer, @Kramer_Katie
Fri, August 04, 2023
Blackstone CEO Steve Schwarzman sits down with Becky Quick in a conversation only available in its entirety on Squawk Pod. The private equity giant discusses politics, China, and the global economy. As head of a firm with $1 trillion under management and as a previously important donor for the Republican Party, Schwarzman weighs in on the U.S. economy, and the current state of Washington. In a wide-ranging conversation, he discusses AI and market opportunities in the future. In this episode: Steve Schwarzman, @blackstone Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, August 04, 2023
After a blowout third quarter report, Booking Holdings CEO Glenn Fogel discusses travel trends for Americans and posits why US travelers are looking to Europe for summer vacations. Wrapping up the busiest week of corporate earnings, billionaire value investor Mario Gabelli explains which companies he’s watching for money-making opportunities. He discusses the Fitch downgrade of US debt, the future of linear TV, and deal-making appetite into 2024 and beyond. Plus, the Labor Department has released another report on US employment , and it’s pointing to a labor force that’s slowing down but staying solid. In this episode: Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Steve Liesman, @steveliesman Katie Kramer, @Kramer_Katie
Thu, August 03, 2023
The markets are shrugging off the Fitch downgrade of the U.S. long term credit . Business titans like JPMorgan Chase CEO Jamie Dimon told CNBC that America’s credit is sound , and Warren Buffett told CNBC that he isn’t worried either; he’s not slowing down his purchases of Treasury bills. Senator Joe Manchin (D-West Virginia) responds to the downgrade and to those comments from Buffett and Dimon, and suggests that there’s something lawmakers could learn from the decision, about responsible fiscal spending. In this episode: Sen. Joe Manchin, @Sen_JoeManchin Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Jon Fortt, @jonfortt Cameron Costa, @CameronCostaNY
Wed, August 02, 2023
Fitch Ratings has downgraded the United States’ long-term credit rating from AAA to AA+. CNBC DC correspondent Emily Wilkins explains the downgrade and what it means for America’s standing in the global markets. Former President Donald Trump has been indicted on four federal felony charges centering around his alleged efforts to discount legitimate votes and discredit the 2020 election. CNBC Eamon Javers explains the criminal charges, the historical significance and the next steps for American democracy. Chair of the CFTC Rostin Behnam discusses his effort to find clarity for crypto regulation and ultimately crack down on fraud while allowing legitimate enterprises to continue to innovate. Plus, Frontier Airlines CEO Barry Biffle joins CNBC’s Phil LeBeau to discuss his company’s economics and Frontier’s all-you-can-fly passes available on a monthly, seasonal, and annual basis for a flat fee. In this episode: Rostin Behnam, @CFTCbehnam Barry Biffle, @FlyFrontier Emily Wilkins, @emrwilkins Eamon Javers, @EamonJavers Phil LeBeau, @Lebeaucarnews Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Tue, August 01, 2023
Uber reported a milestone in its second-quarter results: its first operating profit. CEO Dara Khosrowshahi comments on this big news, plus Uber’s first quarter of free cash flow over $1 billion and its outlook for Q3. He also discusses competing with Lyft, rising prices for passengers, and ambitions of building a “super app.” Jonathan Greenblatt, Anti-Defamation League CEO, discusses the ADL’s new report card that grades social media platforms on how well they protect users from online hate and harassment; spoiler, it’s mostly Cs and Ds, plus one F. A brightly lit “X” sign that was briefly installed atop Twitter headquarters in San Francisco has been taken down, but it was lit long enough to catch headlines. In this episode: Dara Khosrowshahi, @dkhos Jonathan Greenblatt, @JGreenblattADL Michael Santoli, @michaelsantoli Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, July 31, 2023
Another big box office weekend, in the books. Puck founder and entertainment journalist Matt Belloni recaps the latest ‘Barbenheimer’ hype, strikes in Hollywood, and Disney’s most recent disappointment. Belloni also discusses his latest scoop: Disney CEO Bob Iger has brought in two former heirs apparent, for consultation on the company’s next chapter . AI is breaking into health care . Former FDA Commissioner Dr. Scott Gottlieb considers whether AI-powered bots could take on some of a doctor’s duties. He discusses how the AI strategies of Amazon , Google, and Microsoft could affect patient care and medical office administration, and what the timeline for those changes might be. Plus, Heineken’s beer volumes are down in a key region, and Minneapolis Fed President Neel Kashkari is speaking out on the economy’s “soft landing.” In this episode: Scott Gottlieb, MD, @ScottGottliebMD Matthew Belloni, @MattBelloni Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, July 28, 2023
In a CNBC exclusive interview, Exxon Mobil chairman and CEO Darren Woods discusses the company’s quarterly earnings results, which posted an earnings miss but a beat on revenue, rest of the year outlook, and how oil giants fit into the sustainability agenda.Rich Greenfield, LightShed Partners co-founder, discusses Elon Musk’s Twitter rebrand , whether it’s the right gamble financially, and the state of Meta’s Threads app. Plus, Intel’s executives discussed AI on the company’s quarterly conference call, Twisted Tea is making a comeback, and a Wall Street Journal report about the government’s relationship to social media companies has Joe Kernen, Becky Quick, and Andrew Ross Sorkin ‘squawking.’ In this episode: Rich Greenfield, @RichLightShed Darren Woods, @exxonmobil Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Thu, July 27, 2023
It’s Barbie’s world and we’re just living in it. Mattel CEO Ynon Kreiz emphasizes the power of the brand, the doll, and the movie-prompted cultural phenomenon. Kreiz discusses the company’s quarterly results and the connection between $162 million at the box office and Mattel’s bottom line. In a bipartisan push, Sen. Kirsten Gillibrand (D-N.Y.) and Sen. Josh Hawley (R-Mo.) is aiming to ban Congressional stock trading. The unlikely duo discusses why a ban is necessary and simple, and why exceptions for blind trusts just muddy the problem. Plus, something for investors to chew on: Comcast , Meta , Chipotle , and others have reported quarterly financials, and the Federal Reserve has hiked interest rates again . In this episode: Ynon Kreiz, @Mattel Sen. Kirsten Gillibrand, @SenGillibrand Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Wed, July 26, 2023
It’s a big tech earnings week; Microsoft, Alphabet, and Snap, have reported quarterly financials that beat estimates but elicited mixed reactions among investors . CNBC’s Steve Kovach recaps the results so far, and he weighs in on Amazon’s latest run-in with global regulators . Snap’s stock plunged after reporting its Q2 results; the company issued a weaker-than-expected forecast for next quarter, and investors are disappointed. CNBC contributor and Big Technology founder Alex Kantrowitz explains Snap’s ad strategy, what it means–or doesn’t–for the rest of the social media players, and how X fits into tech’s advertising landscape. Plus, consumers are smiling back at Goldfish, and Gap is smiling at its newest exec: the Mattel man who revived Barbie . In this episode: Alex Kantrowitz, @Kantrowitz Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Tue, July 25, 2023
Harvard student and blogger Maya Bodnick put ChatGPT to the test, literally. She explains her experiment using the AI to write essays for her professors, including which grades the technology earned. One of her own professors, former CEA chairman Jason Furman, discusses how he’s choosing to change his class and his essay requirements, in the wake of Bodnick’s experiment. Ahead of the Federal Reserve’s interest rate announcement, Furman also shares his perspective on inflation and another hike. Plus, Elon Musk is using X to explain X , and CNBC’s Robert Frank explains a change for the IRS is on its doorstep. In this episode: Maya Bodnick, @MayaBodnick Jason Furman, @jasonfurman Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Robert Frank, @robtfrank Cameron Costa, @CameronCostaNY
Mon, July 24, 2023
“Barbie” and “Oppenheimer” both blew past expectations for their opening weekend in theaters. Variety Executive Editor Brent Lang discusses the box office blowout and the Hollywood strikes that could stall any other big openings for months. The Women’s World Cup garnered millions of weekend views too, as did Lionel Messi in his Major League Soccer debut in Miami. Bruin Capital CEO and sports business executive George Pyne says, it’s America’s moment with a different “football.” Plus, CNBC’s Sharon Epperson discusses workplace inclusion in honor of Disability Pride Month, and Elon Musk is bidding farewell to Twitter as we know it . In this episode: George Pyne, @GFPyne Brent Lang, @BrentALang Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Sharon Epperson, @Sharon_Epperson Cameron Costa, @CameronCostaNY
Fri, July 21, 2023
“Barbie” and “Oppenheimer” are here! Paul Dergarabedian, Comscore senior media analyst, previews the box office double feature sparking memes, merch, and unprecedented hype. He shares his expectations from both films in what could be Hollywood’s most anticipated opening weekend of the year. Head of US Telecom Jonathan Spalter discusses the fallout from The Wall Street Journal’s investigation into decades-old lead-clad cables from AT&T and other carriers potentially contaminating public spaces across the United States. US Telecom is a national trade association representing AT&T, Verizon, and other carriers and tech companies, and it’s the latest Squawk Pod conversation following the lead-wrapped cables in Lake Tahoe. Plus, the Nasdaq is ready for a reset , and Google co-founder Sergey Brin is re-inspire u d by his workplace, courtesy of AI. In this episode: Jonathan Spalter, @USTelecom Paul Dergarabedian, @PDergarabedian Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Thu, July 20, 2023
AT&T's legacy telephone network may have nearly 200,000 miles of lead-covered cables, according to an estimate by AT&T submitted in a court filing. Tom Neltner, Environmental Defense Fund senior director of safer chemicals, discusses the latest in the toxic lead cable investigation, the exposure fallout for telecom companies, the harmful effects of lead exposure, and more. Executives from top U.S. semiconductor companies are raising their concerns about the Biden administration’s attempts to curb the sales of advanced chips to China. Chris Miller, Author of “Chip War” & Tufts University Associate Professor of International History, discusses the additional restrictions on exports and how they are being used in artificial intelligence applications. Plus, Tesla shares are falling after a disappointing earnings call and Apple is reportedly developing its own AI large language model internally. In this episode: Chris Miller, @crmiller1 Phil LeBeau, @Lebeaucarnews Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Wed, July 19, 2023
The Federal Trade Commission and the Department of Justice have released new merger guidelines. Despite recent legal setbacks , the regulators are forging ahead on their vision for antitrust policy in the U.S. Department of Justice Assistant Attorney General for the Antitrust Division Jonathan Kanter explains his vision for antitrust regulation. Plus, AT&T has responded to a report on its lead-wrapped cables in Lake Tahoe, and famed authors are taking issue with AI. In this episode: Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Tue, July 18, 2023
BlackRock has named Saudi Aramco CEO Amin Nasser to its board, a surprise move the company says will give it ‘a unique perspective’ on key issues. Jeff Sonnenfeld, Yale School of Management senior associate dean for leadership studies, discusses the decision and its impact on BlackRock’s ESG goals. ‘The OC’ actor and ‘Easy Money’ author Ben McKenzie explains his bitcoin pessimism, highlighting the risks and norms within the crypto industry. Plus, Warren Buffet’s Berkshire Hathaway has dumped a significant portion of its stake in Activision Blizzard as Microsoft’s deal to buy the video game company edges closer to the finishing line. In this episode: Ben McKenzie, @ben_mckenzie Jeffrey Sonnenfeld, @JeffSonnenfeld Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, July 17, 2023
Elon Musk has revealed that Twitter is still cash flow negative . Musk’s biographer, famed author Walter Isaacson offers his insight into the Tesla chief after spending the past three years studying him up close, for his latest book. Isaacson explains Musk’s love for Twitter, his engineering expertise, and what he calls the Musk’s “demon mode.” Wheat prices are popping, Threads usership is waning, and actors are striking. But the SAG-AFTRA drama isn’t dampening the action at the summer box office . In this episode: Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, July 14, 2023
Internet entrepreneur Gary Vaynerchuk is on Threads–and Twitter, and YouTube. A media marketing expert, Gary Vee weighs in on Meta’s newest social media project and what’s to blame for toxic content across the internet . He considers the impact of AI on the labor force and explains his optimism about technology. Transportation Secretary Pete Buttigieg discusses recent flight delays and cancellations across the country, as well as national infrastructure and his own efforts to curb inflation through the supply chain. Plus, the markets are closing out a strong week while Hollywood goes dark amid an actor strike . In this episode: Gary Vaynerchuk, @garyvee Pete Buttigieg, @SecretaryPete Joe Kernen, @JoeSquawk Melissa Lee, @MelissaLeeCNBC Klaire Odumody, @klairemarie
Thu, July 13, 2023
A federal judge rejected the Federal Trade Commission’s effort to block Microsoft’s acquisition of Activision Blizzard , another blow to chair Lina Khan’s agenda for the regulator. House Judiciary Committee Chair Rep. Jim Jordan (R-Ohio) shares his concerns about the agency’s efforts and discusses the questions he’ll be asking Khan when she sits before the committee today. Plus, recent economic and jobs data suggest a slowing labor market and cooling inflation, Pepsi and Delta are kicking off this earnings season, and Barbie has taken over . CNBC’s Courtney Reagan reports on the massive merchandising movement accompanying the Barbie movie’s release. In this episode: Joe Kernen, @JoeSquawk Kelly Evans, @KellyCNBC Courtney Reagan, @CourtReagan Klaire Odumody, @klairemarie
Thu, July 13, 2023
In this exclusive interview, Squawk on the Street's David Faber spoke with Disney CEO Bob Iger from Sun Valley, ID. They discussed the state of the company, Iger’ retirement and contract extension, business growth opportunities, and more. In this episode: Joe Kernen, @JoeSquawk David Faber, @davidfaber Katie Kramer, @Kramer_Katie
Wed, July 12, 2023
Inflation rose just 0.2% in June , less than expected as consumers get a break from price increases. CNBC’s Rick Santelli and Mike Santoli were joined by Manhattan Institute’s Allison Schrager and Economist Betsey Stevenson to help break down June's CPI data. A federal judge in San Francisco has denied the FTC’s motion to stop Microsoft from completing its acquisition of Activision Blizzard. Jamillia Ferris, former DOJ & FCC antitrust official and partner at Freshfields’ antitrust, competition and trade group, discusses the state of the Microsoft-Activision deal. Jared Holz, Mizuho Securities healthcare sector specialist, discusses news of EU regulators expanding its review of drugs used to treat obesity and diabetes after reports or some patients experience suicidal thoughts. In this episode: Rick Santelli, @RickSantelli Allison Schrager, @AllisonSchrager Betsey Stevenson, @BetseyStevenson Michael Santoli, @michaelsantoli Jared Holz, @MizuhoAmericas Joe Kernen, @JoeSquawk Melissa Lee, @MelissaLeeCNBC Katie Kramer, @Kramer_Katie
Tue, July 11, 2023
Oil supply cuts by top exporters Saudi Arabia and Russia for August helped to lift benchmark prices , which were also supported by the U.S. dollar hitting a two-month low. Jeff Currie, Goldman Sachs global head of commodities research, discusses the state of the global energy market, why investors aren’t embracing the latest oil rally, and more. America's billionaires are cashing out and CNBC’s Robert Frank has an inside look at the executives unloading stock amid the recent market rally. Plus, the market braces for inflation data and the Hollywood writers strike continues. In this episode: Joe Kernen, @JoeSquawk Melissa Lee, @MelissaLeeCNBC Robert Frank, @robtfrank Katie Kramer, @Kramer_Katie
Mon, July 10, 2023
Competitive pressure is propelling industries into the future with artificial intelligence. Alan Patricof, Primetime Partners chairperson and co-founder, discusses the state of the A.I. boom and why he thinks it’s a potential accident waiting to happen. Rep. Josh Gottheimer (D-N.J.) discusses New York City’s congestion tax, the financial impact on commuters from New Jersey, and more. User traffic on Twitter has slowed since the launch of Meta’s text-based platform Threads , which has already surpassed 100 million sign-ups since its debut last week. Plus, Janet Yellen’s visit to China and Sen. Schumer’s request for the FDA to look into PRIME, Logan Paul's high-caffeine energy drink. In this episode: Rep Josh Gottheimer, @RepJoshG Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Zach Vallese, @zachvallese
Fri, July 07, 2023
Twitter is now accusing Facebook parent Meta of “systematic” and “unlawful misappropriation” of trade secrets following the launch of its Threads service. Max Tani, Semafor media reporter, discusses the lawsuit against Meta and why some users are unhappy with Twitter. June’s jobs report is here! The U.S. labor market might be cooling, but the Fed is likely still on track for another hike in July. In other workforce headlines, a report from Goldman Sachs suggests that AI could displace 300 million full time jobs and simultaneously boost GDP. Tsedal Neeley, Harvard Business School professor, and Jaclyn Rice Nelson, CEO of Ai consulting firm, discuss the impact of A.I. on hiring trends, how companies can implement the new technology, and more. Plus, the FDA has granted full approval to Alzheimer’s drug Leqembi , Treasury Secretary Janet Yellen is halfway through her trip to China, and Amazon CEO Andy Jassy is speaking up on his company’s long term AI strategy. In this episode: Max Tani, @maxwelltani Jaclyn Rice Nelson, @tribe_ai Tsedal Neeley, @tsedal Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Thu, July 06, 2023
Meta has officially debuted its Twitter-like messaging app “Threads,” which the company is pitching as Instagram’s “text-based conversation app.” Just sixteen hours after launch, the social network had surpassed 30 million signups . Joanna Stern, Wall Street Journal senior personal technology columnist, discusses the launch of Threads and the challenge it poses to Twitter. 30% of Americans think tipping culture is “out of control,” according to a new survey. Joe Kernen, Becky Quick, and Andrew Ross Sorkin debrief on when they’re tipping–and how much. Shake Shack founder Danny Meyer weighs in on tipping, too; the Union Square Hospitality Group founder and executive chairman explains his perspective on tips, the labor market, and the state of the consumer. Plus, hedge funder Bill Ackman has changed his mind about vaccines. In this episode: Joanna Stern, @JoannaStern Danny Meyer, @dhmeyer Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Wed, July 05, 2023
A U.S. federal judge has restricted some government agencies and officials from communicating with social media companies to discuss content. Twitter has implemented usage limits on its platform, and Meta has announced Threads , a Twitter competitor available through Instagram. Writer Walter Isaacson, currently in the middle of biographing Elon Musk, discusses the role of social media in politics, Elon Musk’s role in news and democracy, and Musk’s leadership, both at Twitter and at Tesla. Plus, CEOs at Pinterest, Peloton, and Hertz are raking in over $100 million a year–more than Apple’s CEO Tim Cook. In this episode: Walter Isaacson, @WalterIsaacson Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Courtney Reagan, @CourtReagan Katie Kramer, @Kramer_Katie
Mon, July 03, 2023
As thousands of holiday weekend travelers faced flight delays and cancellations, United Airlines CEO Scott Kirby boarded a private jet to keep his schedule on track. After facing backlash from frustrated passengers, he’s issued an apology. Hollywood SAG-AFTRA actors are in contract negotiations, temporarily postponing a potential strike. Plus, CNBC’s Phil LeBeau reports, Tesla has over delivered this quarter, and AI-generated fake news has placed SEC Chair Gary Gensler in the headlines. As we kick off the second half of the year, Nasdaq’s Head of Listings Karen Snow says, 2H might see a decent number of public market debuts –more, at least, than the last six months. Plus, in a special conversation exclusive to Squawk Pod, CNBC’s Senior Personal Finance Correspondent Sharon Epperson discusses the value of an ‘aging plan’ for legal and financial affairs particularly for members of the LGBTQ+ community. She recounts her visit to a 55+ LGBTQ cohousing community in North Carolina, and shares what her reporting revealed about aging with dignity. In this episode: Sharon Epperson, @Sharon_Epperson Phil Lebeau, @Lebeaucarnews Joe Kernen, @JoeSquawk Melissa Lee, @MelissaLeeCNBC Cameron Costa, @CameronCostaNY
Fri, June 30, 2023
Grimace and his purple McDonald’s milkshake have gone viral on TikTok, and New York Times reporter Sapna Maheshwari discusses all the TikTok headlines, including the TikTok-funded lawsuit from users in Montana, railing against the state’s recent ban. Some of Wall Street’s interns are getting paid as much as $150 an hour, this summer. New York Post reporter Lydia Moynihan says it's part of finance’s pitch to young talent, when competing with less lucrative, but more fun tech jobs. Plus, as the first half of the year comes to a close , the Nasdaq is up nearly 30%, the SEC has concerns about the growing push for spot bitcoin ETFs , Virgin Galactic completed its first commercial space flight , the IPO window has cracked back open, and Shein is denying rumors of its own public listing. In this episode: Lydia Moynihan: @LJMoynihan Sapna Maheshwari, @sapna Joe Kernen, @JoeSquawk Melissa Lee, @MelissaLeeCNBC Katie Kramer, @Kramer_Katie
Thu, June 29, 2023
As July 4th weekend kicks off, air travelers are faced with flight delays and cancellations across the country. CNBC’s Phil LeBeau reports on flight disruptions from the Denver airport during the busiest travel week since before the pandemic. Former FAA Acting Administrator Billy Nolen discusses the issues leading to so many disruptions, including staffing, weather, and visibility. Rounding out Pride Month, GLAAD President Sarah Kate Ellis discusses LGBTQ+ allyship among American companies , and suggests that suffering sales at Bud Light and Target may track back to the LGBTQ community withholding their spending power, taking a stand against fairweather allies. Plus, Yankee Domingo German has pitched a perfect game , Bidenomics is the opposite of Reaganomics, and US banks have passed their stress tests . In this episode: Joe Kernen, @JoeSquawk Melissa Lee, @MelissaLeeCNBC Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Wed, June 28, 2023
President Joe Biden will tout his economic agenda in remarks today as he campaigns for a second term. The president’s plan, which the White House dubbed “Bidenomics,” aims to “move beyond” the “trickle down” economic theory that it says disproportionately benefits the wealthy and big corporations. Former House Speaker Paul Ryan discusses the state of the U.S. economy, whether ‘Bidenomics’ is working, and the Fed’s inflation fight. DoorDash co-founder and CEO Tony Xu discusses the most significant app revamp in company history, including changes to how delivery workers get paid. Severe weather and staffing shortfalls have prompted thousands of flight delays and cancellations since the weekend. Plus, Costco is cracking down on shoppers who are using other people’s membership cards. In this episode: Tony Xu, @t_xu @DoorDash Paul Ryan, @SpeakerRyan Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Tue, June 27, 2023
In 1934, professors Benjamin Graham and David Dodd published the intellectual foundation for investors everywhere: Security Analysis. In the decades since, investors have returned to this “bible” of investing; today, founder of the Baupost Group Seth Klarman is publishing a 7th edition of the iconic book. Klarman’s first book on investing, the 1991 “Margin of Safety,” is a collector’s item, with individual copies selling for about $1500 on eBay. In this very rare interview, Klarman shares his philosophy on investing, his take on bitcoin, the Federal Reserve, and the prospect of recession, as well as tips for what not to do in today’s market. In this episode: Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Mon, June 26, 2023
Traders are also keeping an eye on Europe, after Russia saw a brief rebellion by a private military group over the weekend. Dewardric McNeal, Longview Global managing director, discusses the broader impact of the revolt and how it may change the relationship between Russia and China. Eric Schmidt, former Google CEO and chairman, discusses the intersection of technology and war in Ukraine, the use of drones and artificial intelligence in this war, and the impact of AI on the 2024 election . Plus, Transportation Secretary Pete Buttigieg warns of the potential for 5G flight delays for airlines that haven't upgraded altimeters by July 1st. In this episode: Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Michael Santoli, @michaelsantoli Katie Kramer, @Kramer_Katie
Fri, June 23, 2023
The Dow Jones Industrial Average could rise as high as 900,000 over the next 50 years, according to longtime investor and Baron Capital CEO, Ron Baron. Baron also discussed what’s happening in the U.S. economy, market outlook, investing in Tesla, and more. 3M has reached a $10.3 billion settlement with a host of U.S. public water systems to resolve water pollution claims tied to “forever chemicals.” FTX is seeking to claw back some $700 million from a former aide to Hillary Clinton-turned Hollywood super agent who was allegedly showered with cash by disgraced fallen crypto mogul, Sam Bankman-Fried. Plus, President Biden and First Lady Biden hosted a glamorous State Dinner at the White House with India's Prime Minister Narendra Modi. In this episode: Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Klaire Odumody, @klairemarie
Thu, June 22, 2023
Federal Reserve Chair Jerome Powell cautioned on Wednesday that he and all other members of the rate-setting Federal Open Market Committee expect to raise interest rates further to bring down inflation. Barry Sternlicht, Starwood Capital chairman and CEO and chairman of Starwood Property Trust, discusses the Fed’s inflation fight, commercial real estate, market outlook, and more. The FTC on Wednesday sued Amazon , alleging it tricked customers into signing up for its Prime subscription program and intentionally complicated the cancellation process. Plus, Twitter owner Elon Musk tweeted that he is up for a fight in a “cage match” with Facebook CEO Mark Zuckerberg. Meta is reportedly working on a stand-alone, text-based social network app that could compete with Twitter. In this episode: Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Klaire Odumody, @klairemarie
Wed, June 21, 2023
Federal Reserve Chairman Jerome Powell says he expects more Fed rate hikes ahead as the fight against inflation still “has a long way to go.” Bob Diamond, Atlas Merchant Capital CEO and former Barclays CEO, discusses the outlook for Federal Reserve rate hikes, where the markets got ahead of themselves, and the durable strength of consumers. Chris Paul, NBA athlete, entrepreneur and Olympian, shares how he grew his impact (and portfolio) beyond basketball. He recounts his investing journey and the writing of his emotional new memoir. Plus, CNBC’s Eamon Javers explains his investigation into Chinese espionage targeting U.S. trade secrets. In a new CNBC documentary airing Wednesday at 10PM ET, Javers dives into the risks for American companies with FBI Director Christopher Wray and Senators Marco Rubio and Mark Warner. Go to CNBC Documentaries for details on where to watch. In this episode: Chris Paul, @CP3 Eamon Javers, @EamonJavers Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Tue, June 20, 2023
After the long weekend commemorating Juneteenth, Executive Leadership Council Chair Gale King and ELC CEO Michael Hyter discuss corporate America’s progress in pursuing parity, 3 years after company commitments in the wake of George Floyd’s murder. It’s slow progress, but Black representation in boardrooms is moving in the right direction. Former New Jersey Governor Chris Christie is a 2024 Presidential hopeful , and he’s speaking up about fellow hopeful, former President Trump. Christie discusses the upcoming election and the most important items on his economic agenda. U.S. Secretary of State Antony Blinken has wrapped his trip to Beijing , which included a meeting with Chinese President Xi JinPing. Plus, rescuers are racing to find the missing Titanic tourist submersible . In this episode: Michael Hyter, @MichaelHyterSr1 Gale King, @elcinfo Eunice Yoon, @onlyyoontv Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, June 16, 2023
Bill Gates has met with Chinese President Xi Jinping , just days before U.S. Secretary of State Antony Blinken arrives in the country. CNBC’s Eunice Yoon reports on the U.S.-China relations critical to their meetings. Rep. Ro Khanna (D-CA) represents Silicon Valley, but he’s on a tour of the rust belt; he explains how tech and factory jobs will be interconnected in generations to come. Plus, asset management giant Blackrock has filed to launch a spot bitcoin ETF , Mediterranean fast casual chain Cava made its debut on the NYSE in 2023’s best performing IPO so far, and the Department of Justice’s antitrust division is looking into the PGA Tour-LIV Golf merger . In this episode: Rep. Ro Khanna, @RepRoKhanna Eunice Yoon @onlyyoontv Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, June 15, 2023
In its latest decision on interest rates, the Federal Reserve will skip a rate hike this month. CNBC’s Steve Liesman explains what the “hawkish skip” means for Wall Street and Main Street. Mediterranean fast casual chain Cava has listed on the New York Stock Exchange at $42 per share. One of the company’s early investors Steve Case discusses his venture bets on innovation outside Silicon Valley. As co-founder of AOL and CEO of Revolution, Case has backed Clear, Sweetgreen, DraftKings, and many other companies based in other cities across the US; he discusses today’s business challenges of San Francisco and the opportunities elsewhere. Plus, as dads begin Father’s Day celebrations, some financial firms are leading the way on paternity leave. In this episode: Steve Case, @SteveCase Steve Liesman, @steveliesman Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, June 14, 2023
The Federal Trade Commission is seeking to stop Microsoft’s acquisition of Activision Blizzard . In AI news, the SEC is considering AI rules for brokerages, AMD is launching a new chip to challenge Nvidia , and Paul McCartney is leveraging the technology for a new Beatles release. Plus, former Vice President turned Presidential hopeful Mike Pence discusses inflation, the U.S. deficit, and the Fed. He also weighs in on former President Trump’s indictment and the Department of Justice. In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, June 13, 2023
Home Depot CEO Ted Decker sits down with Becky Quick between cordless power tools and outdoor umbrellas in one of his New Jersey stores. In an extended interview, Decker shares how the retailer is tackling organized shoplifting crime and shifting consumer behavior. Whether the home improvement boom of the pandemic has finally fizzled out, which trends aren’t going anywhere, and Decker’s own home improvement projects, all available only on Squawk Pod. Plus, Oracle had a strong quarter , San Francisco is losing yet another city tenant, and Pat Sajak is moving on from Wheel of Fortune–but his successor is still TBD. In this episode: Ted Decker, @HomeDepot Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, June 12, 2023
On the eve of the Federal Reserve’s next interest rate decision , former Fed Governor Kevin Warsh, a veteran of the 2008 crisis, offers a warning to the central bank and the markets: the banking troubles may not be over yet. In his WSJ op-ed, he urges the Fed and investors to find some “risk management.” Nearly all of the country’s cancer centers have reported a chemotherapy shortage. Former FDA Commissioner Dr. Scott Gottlieb explains the regulatory and manufacturing issues that have led to the backup, and offers systemic solutions to keep care coming to cancer patients. Plus, Illumina has announced a CEO transition plan, Goldman Sachs has lowered its oil price outlook , and JPMorgan has reached a settlement with survivors of Jeffrey Epstein’s abuse. In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Eamon Javers, @EamonJavers Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, June 09, 2023
Amid the SEC’s lawsuits against crypto exchanges Binance and Coinbase, famed tech bull Cathie Wood is doubling down on crypto. The Ark Invest CEO and CIO explains why she just upped her firm’s stake in Coinbase by over $20m, despite the regulatory issues. She’s betting on crypto, but Cathie Wood’s biggest holding is still Tesla; she also discusses Tesla’s new charging network partners: Ford and GM . Plus, Google employees are pushing back on their new directive to return to the office, and CNBC’s Eamon Javers reports on Donald Trump’s indictment . In this episode: Cathie Wood, @CathieDWood Eamon Javers, @EamonJavers Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, June 08, 2023
New York Times foreign affairs columnist Tom Friedman discusses his most recent trip to the Middle East, comparing the region today with the region even six months ago. He weighs in on Saudi Arabia’s LIV Golf and its deal to merge with the PGA, and the rapid progressive evolution of Israel and the Kingdom. In a damning investigation into Instagram, The Wall Street Journal, Stanford University, and University of Massachusetts Amherst uncovered a network of pedophiles that connect with each other and with sellers of explicit imagery on social media. Meta’s former Chief Security Officer and Stanford University Director Alex Stamos discusses the underage sex content on social media including Meta, as well as the ways big tech can keep teenagers safe online. Plus, Google is calling its workers back to the office, Amazon is launching a new tier to its Prime Video platform, and New York is still under a hazy cloud of Canadian forest fire smoke. In this episode: Thomas Friedman, @tomfriedman Alex Stamos, @alexstamos Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, June 07, 2023
On Monday, the SEC sued crypto exchange Binance , on Tuesday, the SEC sued Coinbase, and on Wednesday, Coinbase CEO Brian Armstrong is speaking out. In a candid interview, Armstrong discusses the SEC’s complaint , the regulatory environment for crypto, and the next steps in court. In her first interview since the debt ceiling deal was passed, Treasury Secretary Janet Yellen weighs in on fiscal responsibility, inflation, and crypto. Plus, the PGA Tour has announced a deal to merge with LIV Golf , surprising sports fans and golfers everywhere and ending a bitter war of words. In this episode: Brian Armstrong, @brian_armstrong Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, June 06, 2023
Host of “How to Build a Happy Life,” Harvard professor, The Atlantic contributing writer, and now co-author of a new book with Oprah Winfrey, Arthur Brooks has dedicated his career to cracking the code on happiness. He offers his wisdom and shares some tips for a happier life–away from screens and closer to people. Apple’s first product announcement since 2014 has rocked techies, in the metaverse and IRL. Personal tech columnist for The Wall Street Journal Joanna Stern explains Apple’s Vision Pro headset , as one of the first journalists to try it. Plus, the SEC is suing Binance , and venture capital giant Sequoia is splitting into three separate regional businesses. In this episode: Arthur Brooks, @arthurbrooks Joanna Stern, @joannastern Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Mon, June 05, 2023
The markets may be poised to exit the bear market , and Washington has averted a debt default crisis. House Speaker Rep. Kevin McCarthy (R-Calif.) discusses the passage of the debt ceiling deal , spending cuts, and bipartisanship moving forward. Labor disputes in California have congested shipping flows, and oil prices are on the rise in the wake of the latest OPEC+ meeting and an announcement from oil giant Saudi Arabia . Plus, over 50% of Americans are packing their bags for vacation over the next 6 months; Marriott CEO Tony Capuano discusses this year’s summer travel demand and the strength of the travel industry, despite economic uncertainty. In this episode: Kevin McCarthy, @SpeakerMcCarthy Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, June 02, 2023
The U.S. payrolls report for May blew past expectations , supported by strong jobs gains in the professional and business services sector — as well as a jump in government employment. Bruce Feiler, author of ‘The Search: Finding Meaningful Work in a Post-Career World’, discusses why Americans are unhappy with their careers and how more people are seeking meaning from their jobs. Geoff Lewis, founder and managing partner at Bedrock Capital, discusses the impact of A.I. on jobs and the moneymaking opportunities it offers investors. Plus, Meta is asking employees to come back to the office , and in DC, the debt deal is done , just in time. In this episode: Geoff Lewis, @GeoffLewisOrg Bruce Feiler, @BruceFeiler Kelly Evans, @KellyCNBC Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Thu, June 01, 2023
The Federal Reserve’s buzzword of the week: “skip.” Fed officials have signaled a plan to hold steady on interest rates in June, but urging the public that the decision would not signify an end to the tightening cycle. SMBC Nikko Securities America Chief Economist Joe Lavorgna offers his own extrapolation of the news, as well as what it may mean for Wall Street. In Washington, the President Biden-Speaker McCarthy debt ceiling deal is headed for the Senate . Plus, CNBC’s Steve Kovach has the details from the newest product launches at Meta and Apple , Elon Musk is the world’s richest person (again), and investors are asking, is AI a bubble? Tastytrade’s Tom Sosnoff considers the question and whether the industry could revitalize a sleepy IPO market . In this episode: Joe Kernen, @JoeSquawk Kelly Evans, @KellyCNBC Steve Kovach, @stevekovach Katie Kramer, @Kramer_Katie
Wed, May 31, 2023
The long-awaited debt ceiling deal advances to the House floor, after a narrow vote in the House Rules Committee. President Joe Biden and House Speaker Kevin McCarthy had announced the deal over the weekend, capping federal baseline spending for two years and raising the debt ceiling. Former SEC Chair Jay Clayton, and Gary Cohn, vice chairman at IBM and former National Economic Council director, discuss the latest on the debt ceiling deal and the impact on the economy. Jim McGregor, APCO Worldwide greater China chairman, discusses Tesla CEO Elon Musk ’s and JPMorgan CEO Jamie Dimon ’s separate visits to China this week. He explains the fine line CEOs must walk when dealing with both Beijing and Washington. Plus, bumpy earnings reports from Advanced Auto Parts and HP. In this episode: James L. McGregor, @jamesLmcgregor Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Tue, May 30, 2023
Lawmakers have reached a tentative debt ceiling deal ; founder of Punchbowl News Jake Sherman explains who’s satisfied, who’s still on the fence, and the work still left to do. Strategas Research Partners Chairman Jason Trennert discusses the deal’s impact on the markets , and the Federal Reserve’s path ahead. Plus, Nvidia has hit the $1 trillion market cap milestone, The Little Mermaid made a splash at the box office, and Elizabeth Holmes is headed for jail . In this episode: Jake Sherman, @JakeSherman Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, May 29, 2023
United Airlines’ former CEO Oscar Munoz writes what he calls the longest love letter to United employees in his business memoir “Turnaround Time.” Munoz experienced a heart attack 37 days after starting his job as chief executive in 2015, and navigated his own personal health crisis while fending off activist investors and PR missteps. Enjoy this Squawk Pod Bonus episode on the long holiday weekend!
Fri, May 26, 2023
Ford has teamed up with Tesla ; Ford CEO Jim Farley explains what’s next in America’s road to electric vehicles. An investigation from The New York Times dove into how U.S. drivers’ licenses and passports were on the Bytedance server in China; reporter Sapna Maheshwari explains what she learned, reporting on TikTok and American data. Plus, CNBC’s Kayla Tausche reports on the rising tensions in DC as negotiators inch closer to a debt ceiling deal, and CNBC’s Courtney Reagan reports on retail’s big shrink problem . In this episode: Sapna Maheshwari, @sapna Kayla Tausche, @kaylatausche Courtney Reagan, @CourtReagan Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, May 25, 2023
A warning from the Fitch credit rating agency about U.S. debt added fresh urgency to ongoing debt ceiling negotiations between the White House and congressional Republicans, with only seven days to go before the United States faces an imminent threat of debt default. Brian Deese, former National Economic Council Director, discusses the latest on debt ceiling negotiations and whether a bipartisan deal can be reached. Mega retailer Target is pulling some of its merchandise that celebrates Pride month after threats to employees. Eric Dezenhall, Dezenhall Resources CEO, discusses corporate America taking a stand on social issues, and how companies can best navigate the tightrope over cultural divide. Plus, Nvidia shares spiked 26% on a huge forecast beat driven by A.I. chip demand. In this episode: Eric Dezenhall, @EricDezenhall Brian Deese, @briandeeseNEC Kayla Tausche, @kaylatausche Becky Quick, @BeckyQuick Brian Sullivan, @SullyCNBC Katie Kramer, @Kramer_Katie
Wed, May 24, 2023
Inflation could be stickier than the markets expected, warns Goldman Sachs CEO David Solomon . THL Partners Co-CEO Scott Sperling agrees, suggesting that AI innovation could ease some of the economy’s wage inflation. Ahead of Memorial Day Weekend, The Points Guy founder Brian Kelly explains traveler willingness to splurge on vacation, amid economic uncertainty. Plus, Netflix is cracking down on password sharing , and Florida Governor Ron DeSantis aims for the White House, live on Twitter. In this episode: Brian Kelly, @thepointsguy Becky Quick, @BeckyQuick Melissa Lee, @MelissaLeeCNBC Robert Frank, @robtfrank Katie Kramer, @Kramer_Katie
Tue, May 23, 2023
An AI-generated image went viral on Twitter, sending a ripple through the markets as investors considered its authenticity. CNBC’s Steve Kovach discusses the perfect storm of paid-for blue checkmarks on Twitter, AI, and social media, and what big tech firms like Alphabet could do to curb the spread of AI-fueled disinformation. In Washington, CNBC’s Kayla Tausche reports that President Biden and House Speaker Kevin McCarthy (R-CA) had a productive discussion about averting a debt default. PIMCO’s head of public policy Libby Cantrill discusses the potentially “catastrophic” stakes for those negotiations, and Senator Ted Cruz (R-TX) discusses his concerns as the debt ceiling deadline approaches. In this episode: Sen. Ted Cruz, @tedcruz Becky Quick, @BeckyQuick Melissa Lee, @MelissaLeeCNBC Kayla Tausche, @kaylatausche Steve Kovach, @stevekovach Katie Kramer, @Kramer_Katie
Mon, May 22, 2023
10 days away from the debt ceiling deadline , President Joe Biden and House Speaker Kevin McCarthy will meet to negotiate. Minneapolis Fed President Neel Kashkari weighs in on the high stakes for that negotiation, as well as the Federal Reserve’s inflation battle. As a voting member of the Federal Reserve, he insists, a hiking pause in June wouldn’t indicate an end to this hiking cycle. Warner Bros. Discovery CEO David Zaslav delivered the commencement speech for Boston University graduates, but some students on campus booed and protested in support of the writers’ strike in the TV and entertainment industry. Plus, young generations are less committed to their employers; NYU Stern School professor Suzy Welch discusses “funemployment” and a shift away from lifelong company loyalty. In this episode: Neel Kashkari, @neelkashkari Becky Quick, @BeckyQuick Mike Santoli @michaelsantoli Steve Liesman, @steveliesman Kayla Tausche, @kaylatausche Katie Kramer, @Kramer_Katie
Fri, May 19, 2023
Elon Musk says remote work is a moral issue; CNBC’s Jon Fortt explains both sides of the worker’s moral compass. Simon Johnson, MIT professor and former IMF chief economist, discusses the banking crisis, why it’s inappropriate to compare it to the 2008 meltdown, and what lessons can be drawn from the current turmoil. Debt ceiling negotiations between the country’s top political leaders are expected to continue into the weekend as they face a June 1 deadline at which point the U.S. could default on its bills . Plus, Disney is scrapping plans to build a new campus in Florida and Twitter is accusing tech giant Microsoft of misusing its data . In this episode: Simon Johnson, @baselinescene Jon Fortt, @jonfortt Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, May 18, 2023
Retail shrinkage is hitting the bottom line for major retailers like Target, Home Depot, and Walmart. National Retail Federation CEO Matt Shay explains the theft and organized retail crime that amounted to nearly $95B in 2021 and is likely to cost retailers even more this year. Anti-Defamation League CEO Jonathan Greenblatt discusses ethical and responsible AI innovation, including protecting children and effective regulation. Plus, Greenblatt considers Elon Musk’s opinion on free speech and on the negative impact that AI might have on humanity. Plus, Montana is the first state to ban TikTok , and both sides of the aisle are working to avoid a default in DC. In this episode: Jonathan Greenblatt, @JGreenblattADL Matt Shay, @NRFnews Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, May 17, 2023
As debt ceiling discussions in DC near their default deadline, Squawk Pod delivers two conversations with two of the four debt ceiling negotiators: House Speaker Rep. Kevin McCarthy (R-CA) and House Minority Leader Rep. Hakeem Jeffries (D-NY). Both discuss the progress made in their latest meeting with President Biden and the critical piece of bipartisanship: avoiding a U.S. default. Plus, entrepreneur and author Martha Stewart talks about gracing the cover of the latest Sports Illustrated swimsuit issue, building a sprawling business empire, and creating content for TikTok, all at 81 years young. In this episode: Martha Stewart, @MarthaStewart Hakeem Jeffries, @RepJeffries Kevin McCarthy, @SpeakerMcCarthy Eamon Javers, @EamonJavers Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, May 16, 2023
In DC, the Senate Banking Committee is prepared to hear testimony from former Silicon Valley Bank and Signature Bank executives. Senator J.D. Vance (R-OH) shares his concerns about regulator oversight in the regional banking crisis, and he weighs in on the debt ceiling showdown. White House energy advisor Amos Hochstein discusses the administration’s newly announced plans to buy three million barrels of oil to replenish the U.S. Strategic Petroleum Reserve. Plus, the U.S. Virgin Islands issued a subpoena to Elon Musk in connection with the Jeffrey Epstein lawsuit, and Home Depot’s rough quarter is weighing on the Dow. In this episode: Amos Hochstein @AmosHochstein Sen. J.D. Vance, @JDVance1 Eamon Javers, @EamonJavers Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, May 15, 2023
Tudor Investment founder and founder of the Robin Hood Foundation Paul Tudor Jones shares his perspective on the economy and the Fed’s rate hiking strategy to tame inflation. Plus, Vice Media has filed for bankruptcy, Fanatics makes a big leap into sports betting, Twitter employees are a-twitter about their new CEO , and the debt ceiling negotiations are getting down to the wire. In this episode: Paul Tudor Jones, @ptj_official Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, May 12, 2023
Elon Musk has announced his plan to step aside as Twitter CEO, and has hired NBCUniversal global ad chief Linda Yaccarino to take his place. CNBC’s Julia Boorstin reports on the news, and former CEO of Ford Mark Fields discusses what this decision means for Tesla’s shareholders. Good and bad actors are leveraging AI in their work; Heroic Ventures founder and AI investor Michael Fertik discusses recent innovations in cybersecurity, as hackers use AI to create more efficient scams and other cyber tech players work to combat them. Plus, negotiators in Washington are still working on a debt ceiling solution . In this episode: Kayla Tausche, @kaylatausche Julia Boorstin, @JBoorstin Melissa Lee, @MelissaLeeCNBC Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Thu, May 11, 2023
Robinhood has announced 24-hour trading on some stocks and ETFs on weekdays, becoming the first brokerage to offer customers the feature. CEO Vlad Tenev discusses the evolution of the trading “day,” as well as the volume of retail traders and money inflows, amid economic volatility. CPI and PPI data this week have indicated that inflation might be slowing down–finally. Richmond Federal Reserve President Tom Barkin is unconvinced, however; he maintains that inflation is still moving too slowly toward the Fed’s 2% target. Treasury Secretary Janet Yellen is warning CEOs and politicians about the risk of America defaulting on its debt. Plus CNBC’s Robert Frank reports on the $2B worth of art going on sale at auction this week. In this episode: Vlad Tenev, @vladtenev Robert Frank, @robtfrank Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Wed, May 10, 2023
The Federal Trade Commission is on alert for the ways that rapidly advancing artificial intelligence could be used to violate antitrust and consumer protection laws. FTC Chair Lina Khan discusses the push for A.I. regulation, the Microsoft-Activision merger, and American competitiveness with China. Meanwhile, IBM and Google are announcing their own artificial intelligence products. CNBC’s Jon Fortt reports on whether AI will create more middle-class jobs, or eliminate them. CNBC’s Kayla Tausche reports on the latest debt ceiling debate. Plus, Tucker Carlson is back – on Twitter. In this episode: Lina Khan, @linakhanFTC Jon Fortt, @jonfortt Kayla Tausche, @kaylatausche Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, May 09, 2023
Warren Buffett, Charlie Munger, and CNBC are at the annual Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska. At this year’s Woodstock (or Coachella) for capitalists, the investing legends answer shareholder questions about Elon Musk, and their accumulated wisdom in business and in life. Howard Buffett, philanthropist, author, farmer, and likely Berkshire’s next non-executive chairman after his father, discusses succession at the company, as well as his own devotion to mitigating food insecurity and conflict around the world. This special episode offers a look at the Buffett- and Munger-isms that make Berkshire, Berkshire. Plus, Becky Quick stops by the Berkshire subsidiaries on the exhibition floor at the annual meeting. In the midst of thousands of attendees and shoppers, she speaks with Dairy Queen CEO Troy Bader and See’s Candies CEO Pat Egan. In this episode: Alex Crippen, @alexcrippen Becky Quick, @BeckyQuick Michael Santoli, @michaelsantoli Katie Kramer, @Kramer_Katie
Mon, May 08, 2023
CNBC is at the annual Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska, with Warren Buffett and Charlie Munger. It’s Woodstock for capitalists! Shareholders ask the two investing legends about Berkshire’s stake in Apple, America’s relationship with China, and of course, the Berkshire investing philosophy. Tech investor Ann Winblad, a meeting attendee with an impressive business legacy of her own, breaks down some of Buffett’s hottest takes on AI and technology. Becky Quick gets an inside look at the dozens of portfolio companies selling their wares at the annual meeting, including the company’s newest addition: maker of Squishmallows, Jazwares. Jazwares leaders Judd and Laura Zebersky share their strategy for building and maintaining hype over stuffed animals, and they unveil the newest editions of Squishmallows, exclusive to the 2023 Berkshire Hathaway Annual Meeting: plushies in the likeness of Buffett and Munger. Plus, a conversation with one of the tens of thousands of shareholders that makes the pilgrimage to Omaha every year: Jon Dash. He bought his first share in eighth grade and spent the next 29 years thanking Warren Buffett for his wisdom…by buying the Oracle dinner, once a year. In this episode: Alex Crippen, @alexcrippen Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, May 08, 2023
CNBC is at the annual Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska, with Warren Buffett and Charlie Munger. It’s Woodstock for capitalists! An inside look at the lore and fandom that brings tens of thousands of shareholders together with Berkshire’s iconic brands and the Oracle of Omaha himself. Buffett and Munger answer shareholder questions about AI and the future of business, and Becky Quick sits down with Brooks Running CEO Jim Weber and longtime weekend attendee actress Glenn Close. Plus, a conversation with Melissa Shapiro, the event planner who puts it all together, on how she does it, and what it’s like working for Buffett. And, the CNBC journalist that keeps a record of it all: Alex Crippen. A rollicking, reflective, weekend celebration of ownership in one of America’s largest companies and the man who built it. Alex Crippen, @alexcrippen Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Sat, May 06, 2023
CNBC is at the annual Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska, with Warren Buffett and Charlie Munger. It’s Woodstock for capitalists! A rollicking, reflective, weekend celebration of ownership in one of America’s largest companies and the man who built it. 40,000-plus shareholders plus Berkshire’s iconic brands like Dairy Queen, See’s Candy, and Brooks Running descend on Omaha for a gathering that’s part festival, part trade show, part family reunion. CNBC’s Squawk Pod offers a special series taking listeners inside Warren Buffett’s weekend party – hear from shareholders, family members, Berkshire managers, CNBC journalists on the ground, and the Oracle of Omaha himself.
Fri, May 05, 2023
After a meeting at the White House with fellow tech CEOs, OpenAI co-founder Sam Altman discusses his effort to build a product that “works for the world as a whole.” One of the entrepreneurs behind ChatGPT, Altman explains why his “listening tour” with Operation Hope’s John Hope Bryant is important to the technology’s development. He and Bryant discuss building tech to work for people beyond Silicon Valley, and Altman responds to the now-viral letter from his co-founder Elon Musk and others, calling for a pause in AI development. Plus, Apple’s strong iPhone sales helped boost its financial results this quarter, and Becky Quick is in Omaha, Nebraska for the annual Berkshire Hathaway shareholders meeting. Follow along the entire Warren Buffett weekend, exclusively on CNBC and CNBC.com . In this episode: Sam Altman, @sama Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, May 04, 2023
The Fed has hiked rates again. Chair Jerome Powell announced the quarter point increase and suggested a pause in the tightening cycle may be coming soon. CNBC’s Steve Liesman discusses the hike and the Fed’s response to the banking crisis. Representatives Mike Gallagher (R-WI) and Raja Krishnamoorthi (D-IL) discuss the letter from their House Select Committee on China to companies including Temu, Shein, and Nike . The two lawmakers have spearheaded a request for information from these companies amid concerns that products leaving China have come from forced Uighur labor. New York Times journalist Kate Kelly discusses the potential conflicts of interest between members of Congress and their stock portfolios. Plus, Paramount Global stock took a hit, and Google CEO Sundar Pichai’s payday has prompted grumblings within his company. In this episode: Kate Kelly @katekelly Steve Liesman, @steveliesman Joe Kernen, @JoeSquawk Melissa Lee, @MelissaLeeCNBC Cameron Costa, @CameronCostaNY
Wed, May 03, 2023
Eli Lilly’s Alzheimer’s treatment donanemab proved to significantly slow progression of the disease in its latest clinical trial. Eli Lilly CEO David Ricks discusses the company’s Alzheimer’s research, treatment, and plans to apply for FDA approval as soon as this quarter. The Federal Reserve is expected to increase its benchmark interest rate Wednesday afternoon, as policy-making officials wrap up a two-day meeting. But there are plenty of strong indications the Fed may pause hikes here, especially as the economy processes a banking crisis that has already brought down three large U.S. financial institutions. Rep. Ro Khanna (D-Calif.) discusses America’s banking turmoil, DC’s debt ceiling standoff, and whether more crises await the U.S. financial system. Plus, More than 11,000 film and television writers are on strike and Chegg says ChatGPT is killing its business . In this episode: Rep. Ro Khanna, @RepRoKhanna Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, May 02, 2023
In Washington, Treasury Secretary Janet Yellen has warned that the U.S. could hit the debt ceiling by June 1st, much earlier than expected. At Uber headquarters in New York, CEO Dara Khosrowshahi discusses the company’s strong financial quarter, competition with Lyft, and his faith in Uber’s path to profitability. In Hollywood, writers have gone on strike , pushing for a fair deal from studios and delaying upcoming TV releases and production. Semafor co-founder and editor in chief Ben Smith discusses the politics of Hollywood, the recent shake ups in news media, and his new book, “Traffic.” Plus, AI is shaking up the Chegg’s workforce . In this episode: Dara Khosrowshahi, @dkhos Ben Smith, @semaforben Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, May 01, 2023
In the third bank failure since March and the second largest bank failure in U.S. history , First Republic’s assets have been seized and auctioned. JPMorgan emerged the winner of the bank bidding , taking on about $92 billion in deposits, $173 billion in loans, and $30 billion in securities. CNBC’s Leslie Picker reports the details of the deal and the failure, and former NEC Director Gary Cohn joins former SEC Chairman Jay Clayton to discuss what happened and what’s next for the U.S. financial system. Plus, antiwork sentiment is rising. Chief scientist of workplace culture at Culture Partners Jessica Kriegel explains “quit-tok” trends and mass layoffs across industries. In this episode: Gary Cohn, @Gary_D_Cohn Jessica Kriegel, @jessica_kriegel Leslie Picker, @LesliePicker Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, April 28, 2023
ExxonMobil reported record profits for its latest quarter. CEO Darren Woods discusses oil prices and how his company’s profits complicate its relationship with the White House. After a busy week of tech earnings, Joe Kernen, Becky Quick, and Andrew Ross Sorkin consider the results for tech players including Amazon , Snap , Pinterest, and Intel . Coinbase is firing back at the SEC’s Wells notice , flagging the company’s potential violations of securities law. Plus, Microsoft and Activision Blizzard plan to appeal the UK CMA’s decision to block their merger. Former Facebook General Counsel Chris Kelly explains what this means for the FTC, what the appeals process might look like, and how regulator crackdown on companies could affect the dealmaking ecosystem. In this episode: Darren Woods, @exxonmobil Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, April 27, 2023
The day after Britain’s regulator, the UK Competition and Markets Authority, blocked Microsoft’s acquisition of Activision Blizzard , Activision CEO Bobby Kotick is on the record about his planned appeal. Britain’s decision could affect the FTC’s decision in the U.S., but Kotick says of the UK CMA, “they don’t really understand our business.” The House of Representatives has passed a bill to raise the debt ceiling , but it’s widely considered to be “dead on arrival” to the Senate. Plus, Meta reported a strong quarter despite a loss in its metaverse unit, and Theranos founder Elizabeth Holmes is going to prison –but not yet. In this episode: Bobby Kotick, @ATVI_AB Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, April 26, 2023
Microsoft and Alphabet have reported strong financial results , but as CNBC’s Steve Kovach reports, investors were only listening for big tech’s big plans for AI . RSE Ventures co-founder and “Burn the Boats” author Matt Higgins discusses the AI strategy for all the tech giants and what’s at stake for companies that slow their innovation. Elsewhere in the AI arms race, Apple is planning an AI-powered health coach. Biotech company Illumina is fighting to keep Grail, a product that tests for cancer with only a single drop of blood. CEO Francis Desouza discusses his proxy fight with activist investor Carl Icahn and the push to divest Grail from the rest of the biotech business. Plus, Wall Street is sizing up the balance sheets of regional banks including PacWest and First Republic . In this episode: Matt Higgins, @mhiggins Steve Kovach, @stevekovach Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, April 25, 2023
Famed investor Peter Lynch shares his tips for a successful portfolio. After turning Fidelity’s Magellan Fund into one of the most successful mutual funds of all time, Lynch retired in his 40s, but still invests personally, decades later. He shares his “buy what you know” philosophy, and urges investors to do their homework on the companies they’re betting on. In a whirlwind of news announcements, CNN’s Don Lemon and Fox’s Tucker Carlson are out of their respective networks. Semafor co-founder and editor in chief Ben Smith discusses what’s next for all parties, and the impact both departures might have on ratings. Troubled regional bank First Republic has reported much larger deposit outflows than Wall Street expected; Piper Sandler analyst Andrew Liesch discusses the report and the financial drama still to come. Plus, President Biden is running for another term. In this episode: Ben Smith, @semaforben Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Mon, April 24, 2023
A colossal week for corporate earnings awaits: a third of the S&P 500 and nearly half of the Dow report quarterly results over the next 5 days. JPMorgan Asset Management global market strategist Gabriela Santos explains what we may learn about the U.S. economy through the performance of equities and considers whether a slowdown is coming. Jeff Shell, CEO of CNBC parent NBCUniversal , left his role after admitting to having an inappropriate relationship with a company employee. CNBC’s Julia Boorstin and LightShed’s Rich Greenfield discuss what’s next for NBC’s leadership, business, and content. Plus, CNBC.com political finance reporter Brian Schwartz reports, some state financial officers who have criticized ESG have been simultaneously personally invested in the fossil fuel industry . In this episode: Rich Greenfield, @RichLightShed Julia Boorstin, @JBoorstin Brian Schwartz, @schwartzbCNBC Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, April 21, 2023
Treasury Secretary Janet Yellen has called for a “constructive” and “healthy” relationship between the United States and China, in spite of conflicting national security interests. Former Xerox CEO Ursula Burns and West Exec Advisors co-founder Michele Flournoy discuss the fine line that corporate leaders must walk to do business globally. Twitter has finally implemented a previously announced removal of blue check marks . The change means that only paying Twitter Blue subscribers will retain a blue check mark next to their name. Disney is telling its lobbyists to step up its fight against Florida Governor Ron DeSantis and his GOP allies by targeting land use related bills that could hurt the company. Plus, Buzzfeed is laying off 15% of its staff and police in Canada are investigating a gold heist valued at around $15 million from Toronto’s Pearson airport. In this episode (no blue check marks here!): Michèle Flournoy, @micheleflournoy Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, April 20, 2023
Actor, comic, investor, and entrepreneur Kevin Hart discusses his new tequila brand, Gran Coramino, with partner and CEO of Global Brand Equities, James Morrissey. Hart discusses his many ventures, including VC, vegan fast food, and entertainment. As debt ceiling negotiations heat up in Washington, members of the Problem Solvers Caucus Rep. Josh Gottheimer (D-NJ) and Rep. Brian Fitzpatrick (R-PA) emphasize the importance of finding common ground between parties and moving forward. Plus, Tesla has a margin problem , Florida Governor DeSantis’s fight with Disney is escalating, and news for Swifties of all ages: Taylor Swift dodged the FTX disaster by doing her due diligence. In this episode: Kevin Hart, @KevinHart4real Josh Gottheimer, @RepJoshG Phil Lebeau, @Lebeaucarnews Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, April 19, 2023
Fox Corp. has agreed to pay $787.5 million to Dominion Voting Systems to settle a defamation lawsuit over false claims that Dominion’s machines swayed the outcome of the 2020 presidential election. Tom Rogers, Gamesquare executive chairman, and Barton Crockett, Rosenblatt Securities senior analyst, discuss the fallout from Fox Corp’s defamation lawsuit settlement and the future of Fox. CNBC’s Eamon Javers also discussed the settlement with Hootan Yaghoobzadeh, co-founder of Staple Street Capital, the private equity firm that owns Dominion Voting Systems. Nasdaq CEO Adena Friedman discusses A.I.’s role in the markets and how the exchange is implementing the technology for safety and efficiency. Plus, Google is launching its first foldable smartphone , and Netflix delays its password-sharing crackdown. In this episode: Adena Friedman, @adenatfriedman Eamon Javers, @EamonJavers Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, April 18, 2023
Fresh off his own trip to Taiwan and China, New York Times foreign affairs columnist Thomas Friedman discusses the complicated cultural and financial relationship between the U.S. and China. House Minority Leader Rep. Hakeem Jeffries (D-NY) discusses the tense debt ceiling negotiations across the aisle and a timeline for a resolution. CNBC’s Steve Kovack reports on Apple, which has opened its first store in India in a shift away from China. Plus, McKinsey is paying new hires to delay their starts, and Florida Governor Ron DeSantis is taking on Disney (again). In this episode: Hakeem Jeffries, @RepJeffries Thomas L. Friedman, @tomfriedman Steve Kovach, @stevekovach Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, April 17, 2023
In his latest business venture, actor, producer, and entrepreneur Ryan Reynolds has invested in fintech company Nuvei. Reynolds and his new partner Nuvei CEO Philip Fayer share how they’ll work together, and why they’re betting on fintech and on innovation in Canada. Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, discusses his next concern for the markets, as the “higher for longer” interest rate policy continues. Plus, it’s game time for the banking industry; big banks have begun to roll out results , and mid-size banks are unveiling financials this week. A month after the collapse of Silicon Valley Bank and the subsequent regional banking crisis, investors will read quarterly financials as indicators of banking instability and the long term impact of SVB’s failure. Google CEO Sundar Pichai has big expectations for AI, and Dominion’s lawsuit against Fox News will head to trial Tuesday, after a delay. In this episode: Ryan Reynolds, @VancityReynolds Mohamed El-Erian, @elerianm Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, April 14, 2023
President of the Chicago Federal Reserve Austan Goolsbee considers which economic data reveals the most about the American economy. Goolsbee discusses the Fed’s battle against inflation and the indicators of recession that he’s watching closely. Andrew Ross Sorkin sits down with Formula One CEO Stefano Domenicali, who explains the long road to building an American fanbase, starting with the Netflix show “Drive to Survive.” CNBC’s Phil LeBeau reports on Boeing’s warning about 737 Max deliveries and the many issues the company has faced in recent years. Plus, French protesters stormed the LVMH headquarters this week, home to offices of CEO–and the world’s richest man–Bernard Arnault . In this episode: Stefano Domenicali, @F1 Austan Goolsbee, @Austan_Goolsbee Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Melissa Lee, @MelissaLeeCNBC Steve Liesman, @steveliesman Cameron Costa, @CameronCostaNY
Thu, April 13, 2023
Tech entrepreneur Alex Karp discusses how AI like ChatGPT fits into Palantir’s data analytics and machine learning. At the Leadership Summit in Kiawah, the Palantir CEO weighs in on large language models, or LLMs, America’s edge in tech innovation, the Russian war in Ukraine, and threats from China–including TikTok. In Seattle, Amazon CEO Andy Jassy discusses his own generative AI and LLM project: Bedrock . In a wide-ranging interview, Jassy discusses Amazon’s growth in grocery and health care, Prime Video live sports, and ML-enabled advertising. Plus, he has unveiled Amazon’s latest shareholder letter . In this episode: Andy Jassy, @ajassy Alex Karp, @PalantirTech Andrew Ross Sorkin, @andrewrsorkin Melissa Lee, @MelissaLeeCNBC Katie Kramer, @Kramer_Katie
Thu, April 13, 2023
Berkshire Hathaway Chairman and CEO Warren Buffett is in Tokyo for the first time in 11 years. This special three-part series delivers Becky Quick’s full interview with the Oracle of Omaha in Japan. In the third and final part of their conversation, Buffett weighs in on artificial intelligence, his evolving views on bitcoin , and how he stays sharp at 92. (Spoiler: He’s sweet on sweets.) Joe Kernen and Andrew Ross Sorkin are stateside with plenty of questions, but not as much sugar. In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, April 12, 2023
Berkshire Hathaway Chairman and CEO Warren Buffett is in Tokyo for the first time in 11 years. This special three-part series delivers Becky Quick’s full interview with the Oracle of Omaha in Japan. In Part 2, Buffett comments for the first time on the regional banking crisis, the collapse of Silicon Valley Bank, and the regulatory response. The 92-year-old reflects on Jerome Powell’s leadership at the Federal Reserve and his biggest worries, while Joe Kernen and Andrew Ross Sorkin join stateside. In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, April 12, 2023
Berkshire Hathaway Chairman and CEO Warren Buffett is in Tokyo for the first time in 11 years. This special three-part series delivers Becky Quick’s full interview with the 92-year-old Oracle of Omaha and his successor Greg Abel in Japan. In Part 1, the Berkshire leaders explain their bullish case on Japan’s five largest trading houses, plus the similarities–and differences–in their leadership styles. Buffett and Abel discuss everything from basketball to the Berkshire-owned railroad, BNSF, while Joe Kernen and Andrew Ross Sorkin join stateside. In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, April 11, 2023
Eric Schmidt, Google’s former CEO and chairman, discusses the AI arms race in China and in the U.S., as well as the Future of Life Institute’s viral letter on AI , which calls for a pause on development. With an infusion of $80 billion, the IRS has big plans for taxpayers. CNBC’s Robert Frank reports on which taxpayers are likely to face a crackdown. Plus, Becky Quick is in Tokyo! Warren Buffett’s Berkshire Hathaway has raised its stakes in Japan’s five largest trading houses , and Buffett himself is in Japan, getting ready for a 3-hour interview on Squawk Box to discuss the move. In this episode: Robert Frank, @robtfrank Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Melissa Lee, @MelissaLeeCNBC Katie Kramer, @Kramer_Katie
Mon, April 10, 2023
Carlyle Group co-founder and co-chairman David Rubenstein considers how the banking crisis of today compares to that of 2008. In a wide-ranging conversation, he discusses the latest jobs report , the tight labor market, and the Federal Reserve’s path forward. Rubenstein shares details from his upcoming new docuseries on PBS, “Iconic America.” A federal judge in Texas suspended the FDA’s approval of the abortion pill mifepristone. CNBC’s Meg Tirrell reports on the pharmaceutical response to the decision. Plus, ‘The Super Mario Bros. Movie’ had a big weekend at the box office, China completed military exercises near Taiwan , and Jon Rahm mastered the Masters. In this episode: Meg Tirrell, @megtirrell Eamon Javers, @EamonJavers Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Melissa Lee, @MelissaLeeCNBC Cameron Costa, @CameronCostaNY
Fri, April 07, 2023
The U.S. economy added 236,000 jobs in March , and the unemployment rate ticked down to 3.5%. Joe Kernen, Becky Quick, and Andrew Ross Sorkin break down the Labor Department’s latest data and what it means for investors and for the Federal Reserve’s rate hiking journey. CNBC’s Steve Liesman and Rick Santelli join SMBC Nikko Securities America Chief Economist Joe Lavorgna and former Labor Department Chief Economist Betsey Stevenson to digest the report. In this episode: Steve Liesman, @steveliesman Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Thu, April 06, 2023
President Macron is meeting President Xi , Speaker Kevin McCarthy (R-CA) is meeting President Tsai , and CNBC’s Eunice Yoon has the pulse of Beijing through it all, on the ground in China. Stateside, high tax states like New York and California are seeing an exodus of residents due to the burden. CNBC’s Robert Frank reports on the money-fueled movers, and former Senator Judd Gregg (R-NH) debates sitting Senator Michael Gianaris (D-NY) about the tax policies and wealth disparities shifting in America. LightShed’s Rich Greenfield offers a sneak peek at the movie and streaming world: a weekend watch list for moviegoers and a “for sale” sign, for moviemakers. Plus, Costco reported lackluster sales, and Tesla has released its “Master Plan 3.” In this episode: Rich Greenfield, @RichLightShed Eunice Yoon @onlyyoontv Robert Frank, @robtfrank Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Wed, April 05, 2023
For better or worse, the age of AI has arrived! LinkedIn co-founder, ‘Masters of Scale’ podcaster, and OpenAI investor Reid Hoffman co-founded AI company Inflection and co-wrote a book with GPT-4; he considers public fears of the technology, calls to pause its development , and the rift between Elon Musk and OpenAI founder Sam Altman. ExxonMobil is growing its green energy business. Dan Ammann, President of ExxonMobil Low Carbon Solutions, shares how clean energy fits in with the company’s larger business goals. The Justice Department has criminally charged Charlie Javice, founder of college financial planning platform Frank, with defrauding JPMorgan Chase out of $175 million. Plus, CNBC’s Eamon Javers reports on news from former President Trump’s arraignment in Manhattan. In this episode: Reid Hoffman, @reidhoffman Dan Ammann, @exxonmobil Eamon Javers, @EamonJavers Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Tue, April 04, 2023
JPMorgan Chase CEO Jamie Dimon delivers a direct warning in his annual letter: “The current crisis is not yet over.” Joe Kernen, Becky Quick, and Andrew Ross Sorkin digest Dimon’s commentary on the banking crisis, inflation, and energy with real estate mogul and Starwood Capital Chairman and CEO Barry Sternlicht. In a direct conversation spanning inflation, the Fed, and corporate real estate, Sternlicht warns, a recession is coming . At Disney, CEO Bob Iger has fired back at Florida Governor Ron DeSantis , and he has spoken directly to shareholders. BofA Securities analyst Jessica Reif Erlich unpacks all the storylines in the House of Mouse. Plus, Google is cutting costs –and paper–where it can. In this episode: Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Mon, April 03, 2023
UFC parent Endeavor is taking a majority stake in World Wrestling Entertainment , spinning off UFC and WWE into a new company. CNBC’s Alex Sherman, who broke the story over the weekend, discusses the many colorful characters in the new boardroom, and what’s next in streaming and scripted entertainment. Sen. Joe Manchin (D-WV) discusses the Inflation Reduction Act, U.S. deficit, and pushing for a “reasonable, responsible” middleground. Plus, OPEC is cutting oil output , in a surprise announcement, McDonald’s is preparing to lay off corporate workers, and Starbucks is at odds with the labor unions –again. In this episode: Senator Joe Manchin, @Sen_JoeManchin Alex Sherman, @sherman4949 Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Fri, March 31, 2023
Former President Donald Trump has been indicted by a grand jury for hush money payments to porn star Stormy Daniels just before the 2016 election. It marks the first time a former U.S. president has been charged with a crime. CNBC’s Eamon Javers reports on Trump’s indictment and what it means for the future of the Republican party. The Fed’s key inflation gauge rose slightly less than anticipated in February, providing some hope that interest rate hikes are helping ease price increases. Jason Furman, former chair of the Council of Economic Advisers and Harvard economics professor, discusses his current thoughts on the Federal Reserve. Plus, Atlantic Council CEO Fred Kempe discusses the United States’ relationship with China and what it means for big tech companies like TikTok, Apple and Tesla. In this episode: Jason Furman, @jasonfurman Fred Kempe, @FredKempe Eamon Javers, @EamonJavers Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Zach Vallese, @ZachVallese
Thu, March 30, 2023
House lawmakers tore into top U.S. bank regulators at congressional hearings this week about how Silicon Valley Bank and Signature Bank collapsed practically overnight. Daniel Tarullo, former Fed governor and Harvard Law School professor, discusses what went wrong with Silicon Valley Bank, if de-regulation had any impact on the collapse, and who is at fault. Elon Musk and dozens of other technology leaders have called on AI labs to pause the development of systems that can compete with human-level intelligence. Michael Wolf, Activate co-founder and CEO, discusses his concerns with artificial intelligence but says you can’t stop the forward march of technology. Plus, CNBC’s Robert Frank reports some wealthy residents in Los Angeles are racing to unload their high priced homes before a new mansion tax goes into effect. In this episode: Michael Wolf, @mjw Robert Frank, @robtfrank Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Zach Vallese, @ZachVallese
Wed, March 29, 2023
Antibiotics and generics are in short supply, and it’s affecting every demographic in the U.S. CNBC’s Senior Science & Health reporter Meg Tirrell does a deep dive into America’s prescription drug shortage . In a conversation exclusive to Squawk Pod, Tirrell explores the supply chain disruptions and market failures that are to blame for the shortage. Plus, Joe Kernen and Becky Quick digest Wall Street’s headlines: Jamie Dimon’s upcoming deposition , the Silicon Valley Bank hearings on Capitol Hill, rising costs of elite education, and an Ice Age-era snack. In this episode: Meg Tirrell, @megtirrell Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Tue, March 28, 2023
The CFTC has filed a complaint against Binance , alleging that the crypto exchange violated federal law. Speaker of the House Rep. Kevin McCarthy (R-CA) has sent President Biden a letter pushing for a path forward on the debt limit. In an extended interview, Speaker McCarthy discusses U.S. economic stability, the collapse of Silicon Valley Bank, and the one thing all American lawmakers seem to agree on: cracking down on TikTok . Oscar Health co-founder and CEO Mario Schlosser is handing over leadership to former Aetna and Bridgewater CEO Mark Bertolini. The outgoing and incoming Oscar Health CEOs discuss their mission to shake up the health care system, starting with the company’s profitability. Plus, Disney’s reinstated CEO Bob Iger is cutting costs , starting with layoffs and the Magic Kingdom’s metaverse. In this episode: Kevin McCarthy, @SpeakerMcCarthy Mario Schlosser, @mariots Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, March 27, 2023
First Citizens will buy Silicon Valley Bank’s deposits and loans, prompting a stock rally in regional banks. Lawmakers are gearing up to question Federal Reserve officials about the banking crisis on Capitol Hill . CNBC’s Steve Liesman reports the many questions Congress will ask during the two-day hearings. Pantheon Macroeconomics Chief Economist Ian Shepherdson warns that the global banking contagion could exacerbate a recession , should we fall into one. In a conversation about the global credit crunch and the markets’ digestion of the Fed’s latest rate hike, Shepherdson discusses monetary policy and global market jitters. The Saudi National Bank lost over $1B on its Credit Suisse investment , now that UBS has rescued the embattled bank; a week after the loss, the Saudi National Bank’s chairman has stepped down. Plus, in China, Jack Ma has returned to the mainland, and corporate executives convened in Beijing over the weekend for the China Development Forum. Among them: Apple’s Tim Cook . CNBC’s Eunice Yoon reports, despite President Xi’s reassurances that China wants an “open China,” attendees of the forum were not as optimistic about US-China relations. In this episode: Eunice Yoon @onlyyoontv Steve Liesman, @steveliesman Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, March 24, 2023
Lawmakers grilled TikTok CEO Shou Zi Chew on data, the platform’s relationship with Chinese owner Bytedance , and content moderation. Stanford University Geopolitics and Technology Adviser Jacob Helberg recaps the vitriol in DC and suggests that TikTok served merely as a placeholder for all Chinese companies operating in the U.S. CNBC’s Steve Kovach explains the stakes for Apple CEO Tim Cook’s trip to China this weekend, in light of the pressure on TikTok on Capitol Hill this week. European banks are fighting contagion ; former Federal Reserve official Dino Kos discusses the global rate hikes righting inflation and the pressure on Deutsche Bank , Barclays, Societe Generale, UBS, and others. Squawk makes sense of AT1s, credit default swaps, CDs, and more. Plus, some streaming recommendations for your weekend! In this episode: Steve Kovach, @stevekovach Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Thu, March 23, 2023
The Federal Reserve announced a rate hike of 25 basis points , its ninth consecutive hike in the last year. Chair Jerome Powell softened his tone on the central bank’s aggressive hiking policy, and the markets interpreted his comments as a hint that the end of the hikes may be approaching. Though temporarily sated by Powell’s comments, markets bristled at those of Treasury Secretary Yellen to a Senate subcommittee. Real estate mogul, investor, and Starwood Capital CEO Barry Sternlicht digests the Fed’s policy and its impact on the American economy. CNBC’s Jon Fortt maps out the AI landscape and its potential winners, including big players like Microsoft, and smaller contenders like Duolingo. Plus, the SEC is cracking down on crypto by going after celebrities . In this episode: Jon Fortt, @jonfortt Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Wed, March 22, 2023
In an extended interview, former Goldman Sachs CEO Lloyd Blankfein discusses the fine line for Federal Reserve Chairman Jay Powell , who prepares to speak to markets and investors today. Blankfein discusses the Fed’s inflation fight vs. market stability balancing act, and he shares the lessons on regulation and transparency that he learned from his own experience with a banking crisis in 2008. Plus, a break from the banks: Petco’s business is booming, CEO Ron Coughlin says, thanks to the work-from-home surge; the Mets are going members-only (for $25,000), and Nike’s pace is lagging –for income, at least. In this episode: Lloyd Blankfein, @lloydblankfein Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, March 21, 2023
JPMorgan is advising First Republic on strategic alternatives, after JPM and 10 other banks announced a $30B deposit into the embattled bank. Treasury Secretary Janet Yellen lauded the move , but told lawmakers that the government would not refund all uninsured deposits for every bank that fails. The Federal Reserve begins a critical two-day policy meeting; former Fed Governor Kevin Warsh discusses the central bank’s options to hike, pause, or pivot, and he argues that a time-out is in order. High profile tweeters like Elon Musk and Bill Ackman are also weighing in . Plus, sports merchandising, betting, and collectibles company Fanatics has scored a new deal with the National Hockey League. NHL Commissioner Gary Bettman joins Fanatics CEO Michael Rubin to discuss the outfitting deal and the future of live sports. Spoiler: sports streaming isn’t off the table for Fanatics–at least in the long term. In this episode: Michael Rubin, @michaelrubin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, March 20, 2023
The Swiss government has helped broker a deal for UBS to acquire its embattled rival Credit Suisse in an “emergency rescue” to curb global contagion in the financial sector. Joe Kernen, Becky Quick, and Andrew Ross Sorkin unpack the details of the deal and whether it will work in stabilizing banks and investors. Steve Liesman explains, the Federal Reserve is coordinating with other central banks to improve global liquidity with enhanced swap lines . Sen. Bill Cassidy (R-LA), a member of the Senate Finance Committee, considers the banking regulations that could mitigate poor management in finance. Plus, New York City Mayor Eric Adams and President and CEO of the Partnership for New York Kathryn Wylde discuss the city’s road back from Covid-19, including their launch of a new “We Love NYC” campaign. In this episode: Sen. Bill Cassidy, @SenBillCassidy Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, March 17, 2023
Joe Kernen and Andrew Ross Sorkin digest the chaotic week that was: banks in crisis, markets in tumult, and the Fed under pressure. Lazard’s Peter Orszag unpacks the instability in our financial ecosystem and the action it may prompt from the Federal Reserve in next week’s FOMC meeting . ProPublica’s Robert Faturechi discusses his latest investigation revealing never-before-seen IRS records that show CEOs are sometimes making multimillion-dollar stock bets—and doing so with some very lucky timing. Plus, Emmanuel Macron is making a big decision on retirement in France , much to the distress of his populace. In this episode: Peter Orszag, @porszag Robert Faturechi, @RobertFaturechi Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Klaire Odumody, @klairemarie
Thu, March 16, 2023
Credit Suisse gets a lifeline! CNBC’s Geoff Cutmore reports on the Swiss Central Bank’s backstop for banking contagion, and CNBC’s Steve Liesman explores how this week of financial instability affects the chances of another immediate rate hike from the Federal Reserve. Today’s podcast further investigates the shockwaves from the Silicon Valley and Signature bank collapses, first with the congressman who represents Silicon Valley itself: Rep. Ro Khanna (D-CA). Rep. Khanna argues for more banking regulation and considers the culture that could have pushed these banks to the brink. Former 4 star General Stanley McChrystal also unpacks the fallout; in his current role as a CEO consultant, Gen. McChrystal says, the best crisis response is drafted before a crisis even hits. Plus, the US government is threatening action against TikTok , and Virgin Orbit is coming back to earth , and its staff–and stock–are taking a hit. In this episode: Ro Khanna, @RepRoKhanna Andrew Ross Sorkin, @andrewrsorkin Kelly Evans, @KellyCNBC Steve Liesman, @steveliesman Geoff Cutmore, @GeoffCutmore Klaire Odumody, @klairemarie
Wed, March 15, 2023
After the collapse of Silicon Valley and Signature banks and the subsequent regional bank crisis in the US, European banks are now rattling the global markets . Credit Suisse stock has hit an all time low, and global investors fear that banking contagion is spreading. Stateside, CNBC’s Eamon Javers reports, the Department of Justice and the SEC are investigating the SVB failure. Allianz and Gramercy advisor and president of Queens’ College Mohamed El-Erian unpacks the Fed’s long term policies that have led us here, the real picture of financial stability, and the rocky road ahead. Also digesting the banking contagion: the CEO of BlackRock Larry Fink is warning investors that more bank seizures could be coming and that inflation’s going to stay high. Plus, ChatGPT has reported its latest model has exhibited ‘human level’ performance on standardized testing like the bar exam and the SAT. In this episode: Eamon Javers, @EamonJavers Mohamed El-Erian, @elerianm Andrew Ross Sorkin, @andrewrsorkin Melissa Lee, @MelissaLeeCNBC Klaire Odumody, @klairemarie
Tue, March 14, 2023
The Federal Reserve’s next rate hike is around the corner–or is it? The latest inflation report , last month’s Consumer Price Index, came in hot but not worse than expected. CNBC’s Steve Liesman considers whether it’s a stable enough report to merit a pause on the Fed’s rate hiking spree. Another concern for the Fed: instability in the financial system. Markets and regulators are digesting the second- and third-largest bank failures in U.S. history , and former CEO of Bridgewater Dave McCormick is asking whether the government’s Silicon Valley Bank depositor rescue set the correct economic precedent. In a wide-ranging interview, McCormick compares 2023’s bank backstops to the 2008 financial crisis and discusses the rest of the challenges facing the American economy. Plus, Delta CEO Ed Bastian says, air travel demand is strong, despite safety concerns and sky high ticket prices. In this episode: Ed Bastian, @Delta Dave McCormick, @DaveMcCormickPA Phil Lebeau, @Lebeaucarnews Steve Liesman, @steveliesman Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, March 13, 2023
Did we dodge the bullet? Federal agencies on Sunday approved plans to safeguard depositors affected by the collapse of Silicon Valley Bank on Friday, and the Federal Reserve is creating a Bank Term Funding Program to secure financial institutions from instability amid the SVB failure. Squawk Box’s Becky Quick, Andrew Ross Sorkin and Steve Liesman discuss the near-miss, how government action prevented a broader financial crisis, and the moral hazard of the federal action. Alexis Ohanian, venture capitalist and Reddit co-founder, describes the 72 hours of chaos experienced by young, start-up companies following the shutdown of Silicon Valley Bank. The veteran entrepreneur who also funds early-stage companies said venture capitalists raised the alarm but should say “thank you” for the government backstop. And, Camp cp-founder Ben Kaufman runs his business from the funds in his Silicon Valley Bank account; he shares the anxiety he felt over the weekend, looking for a cash infusion. In this episode: Alexis Ohanian, @alexisohanian Ben Kaufman, @benkaufman Steve Liesman, @steveliesman Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, March 10, 2023
Job creation decelerated in February but was still stronger than expected despite the Federal Reserve’s efforts to slow the economy and bring down inflation. Jason Furman, professor at the Harvard Kennedy School of Government and former CEA chair, discussed the latest job report and what we should expect from the Fed regarding rake hikes, and more. SVB Financial, parent of Silicon Valley Bank, was unable to find a buyer before a bank run caused regulators to shut it down . SVB was trying to find a buyer and hired advisors to do so after attempts by the bank to raise capital failed. Priscilla Sims Brown, Amalgamated Bank CEO, discussed the company’s effort spearheading a merchant category code for gun stores, afer major credit card companies paused the effort . In this episode: Priscilla Sims Brown, @AmalgamatedBank Rick Santelli, @SantelliRants Jason Furman, @jasonfurman Hugh Son, @Hugh_Son Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Thu, March 09, 2023
Salesforce is the latest tech powerhouse to join the ChatGPT mania , now offering Einstein GPT. The offering draws on OpenAI’s technology that’s taken the tech industry by storm . Salesforce Service Cloud CEO Clara Shih discusses the future of generative A.I., details behind the company’s contract with ChatGPT, and how much data goes back to ChatGPT. Credit and debit spending per household decelerated in February to 2.7% year-over-year according to Bank of America’s consumer spending data. Liz Everett Krisberg, head of the Bank of America Institute, discusses the state of the consumer, when more normal spending patterns will return, and more. Plus, CNBC’s Eamon Javers reports JPMorgan Chase is suing its former investment banking chief Jes Staley over his ties to disgraced former financier Jeffrey Epstein, alleging Staley is to blame for any legal fallout from a pair of lawsuits against the bank. In this episode: Clara Shih, @clarashih Eamon Javers, @EamonJavers Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Zach Vallese, @ZachVallese
Wed, March 08, 2023
Federal Reserve Chairman Jerome Powell testified to the Senate Banking, Housing and Urban Affairs Committee and warned that interest rates may rise higher than expected as inflation continues to show signs of increasing. The remarks led to a drop in stocks and an increase in Treasury yields. President Biden is set to propose a tax increase on those earning more than $400,000 to extend Medicare's solvency by 25 years. House Minority Leader Hakeem Jeffries joins to discuss how the tax increase will help the country’s healthcare system and how will affect taxpayers. Plus, the Democratic Minority Leader touches on the Fed’s fight against inflation and working with Republicans on bipartisan legislation. And, more on Warren Buffett’s addition of $350 million to Berkshire Hathaway’s already large investment in Occidental Petroleum. In this episode: Hakeem Jeffries, @RepJeffries Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Zach Vallese, @ZachVallese
Tue, March 07, 2023
The move to ban foreign technology – including TikTok – gains traction in Congress. Sen. Mark Warner (D) Virginia describes his new bill , to take a more holistic approach at technology developed in China. Three years this month since Covid-19 was declared a pandemic, Semafor business and finance editor Liz Hoffman shares her inside account of how the CEOs of the world’s biggest companies responded to crisis and changed how they operate - forever. Hoffman’s book “Crash Landing” is out today. The Department of Justice is prepared to block the proposed merger of Jet Blue and Spirit Airlines, details of Presdient Biden’s budget proposal are starting to emerge and the company formerly known as Weight Watchers is taking a look at the Ozepmic craze. In this episode: Sen. Mark Warner, @MarkWarner Liz Hoffman, @lizrhoffman Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, March 06, 2023
President Biden’s fiscal year 2024 budget proposal will be released later this week, intensifying the debt limit fight between the President and Capitol Hill. House Speaker Kevin McCarthy discusses America’s debt crisis, his focus on bipartisanship, the legislative work the House has done, and more. Plus a glimpse into the 2024 race for the White House and potential nominees. And the FAA is holding an emergency safety meeting to address a number of recent near-crashes. CNBC’s Phil LeBeau reports on safety concerns in the country’s air travel system. In this episode: Kevin McCarthy, @SpeakerMcCarthy Phil LeBeau, @Lebeaucarnews Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, March 03, 2023
The Senate voted to overturn a Labor Department rule that permits fiduciary retirement fund managers to consider ESG factors in their investment decisions. The House version of the bill passed with the support of every Republican and one Democrat. Sen. Mike Braun (R-Ind.) discusses the critiques around the bill and how it would play out in real-time. Apple quietly included a new feature on your iPhone called Clean Energy Charging and turned it on by default. Joanna Stern, Wall Street Journal senior personal technology columnist, discusses Apple’s new ‘green charing’ setting, how far away consumers are from full AI-written emails and more. Plus, Congressional Republicans aren’t happy with an SEC effort to rein in crypto platforms and USAA tells employees their remote jobs…are no longer remote. In this episode: Sen. Mike Braun, @SenatorBraun Joanna Stern, @JoannaStern Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, March 02, 2023
Tesla investors were unimpressed by the company’s presentation at this week’s investor day. CNBC’s Phil Lebeau recaps the stock reaction and investor disappointment, while former Ford CEO Mark Fields offers a big picture perspective on electric vehicles and the competition between software companies making cars and automakers making software. Biometric security company CLEAR is ramping up its presence in US airports and stadiums; CEO Caryn Seidman-Becker discusses traveler traffic and trends, including her bullish outlook on the industry, despite rising airfares. Plus, investors concerned about the Fed’s interest rate hikes are pushing bond yields higher, and the U.S. Senate voted to overturn a rule allowing retirement fund managers to consider ESG (environment, social, and governance) when making investments on behalf of pension plan participants. In this episode: Caryn Seidman-Becker, @CLEARCaryn Phil Lebeau, @Lebeaucarnews Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, March 01, 2023
In the first meeting of a new House committee on U.S. competition with China , lawmakers displayed a rare show of bipartisanship. CNBC’s Eamon Javers shares the agenda of the group, from Washington, DC. In New York, Virginia Governor Glenn Youngkin discusses threats from China, including TikTok and foreign buyers of American farmland. Plus, as a Republican leader in a purple state, Youngkin weighs in on the 2024 election. Eli Lilly is cutting the out-of-pocket cost of insulin by 70%. CNBC’s Meg Tirrell reports on the price cap for the drugmaker’s life saving medication. Rivian’s stock is under pressure after a mixed Q4 report, Tesla and Goldman Sachs are delivering new messaging to shareholders on their respective investor days. In this episode: Meg Tirrell, @megtirrell Glenn Youngkin, @GovernorVA Eamon Javers, @EamonJavers Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, February 28, 2023
Two important interviews: First, Target CEO Brian Cornell discusses his company’s fourth quarter results and what they indicate about consumers, the global supply chain, and the American economy. Then, Goldman Sachs CEO David Solomon speaks candidly ahead of his bank’s Investor Day, acknowledging business “stumbles” and weighing in on inflation, capital for fossil fuels and for the energy transition, and global CEO sentiment. Plus, Zoom shares are zooming after reporting strong fourth quarter results, Meta’s Mark Zuckerberg has announced a new internal unit focused on generative AI , and Marlboro maker Altria is making a new e-cigarette bet. In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Mon, February 27, 2023
After digesting a hotter-than-expected personal consumption expenditures price index, the markets closed out their worst week so far in 2023. The PCE price index is the Fed’s preferred inflation metric; Aperture CEO Peter Kraus discusses the likelihood of a Fed’s soft landing in winding down interest rates and battling inflation. Warren Buffett published his annual letter to shareholders over the weekend, weighing in on buybacks, fiscal debt, and his own annual returns. The U.S. government has frozen over $1B in assets from Russian oligarchs, but holding those assets is proving to be an expensive–and legally tricky–endeavor. CNBC’s Robert Frank reports on the Russian villas, jets, and yachts in limbo. Plus, box office booms (and bombs) aren’t what they used to be, and newspapers are severing ties with ‘Dilbert’ cartoonist Scott Adams. In this episode: Robert Frank, @robtfrank Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, February 24, 2023
In a special Squawk Pod “Reporter’s Notebook,” CNBC’s Frank Holland discusses the AltFinance Fellowship , a talent acquisition program that bridges HBCU students and finance’s biggest players–and hirers. Ozy Media’s Carlos Watson has been arrested , in the latest chapter of the media company’s implosion. Ben Smith, the journalist who broke the first story exposing the company, explains how Watson duped investors and partners. Plus, we’re one year into the Russian invasion of Ukraine , and regulators are heightening scrutiny on antitrust practices in big tech . In this episode: Ben Smith, @semaforben Frank Holland, @FrankCNBC Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, February 23, 2023
In two big tech cases this week, the Supreme Court considers reinterpretations of Section 230, the heart of a “free” internet. Tech investor and Plexo Capital founding managing partner Lo Toney discusses the implications of Gonzalez v. Google and Twitter v. Taamneh , as well as the next big tech revolution: AI. After over two years of pandemic-related shipping disruptions, the supply chain is still under pressure. Executive director of the Port of Los Angeles Gene Seroka paints the current picture of port traffic and cargo holdups. Plus, Elon Musk and California Governor Gavin Newsom have toured a new Tesla HQ, a proxy battle’s brewing at Bath & Body Works , Baidu’s taking on ChatGPT , and investors are worried about the Fed–still. In this episode: Lo Toney, @lo_toney Gene Seroka, @PortofLA Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Melissa Lee, @MelissaLeeCNBC Katie Kramer, @Kramer_Katie
Wed, February 22, 2023
In an extended interview, former United States Vice President Mike Pence discusses the 2024 Presidential race, U.S. competition with China, and the current debt ceiling negotiations in Congress. He considers the best ways to avert a national debt crisis, including implementing changes to entitlement programs like Medicare and Social Security. Plus, Amazon’s return to office mandate is prompting backlash among employees, Starbucks is adding olive oil to its Italian coffee, and Twitter is changing its authentication process. In this episode: Mike Pence, @Mike_Pence Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, February 21, 2023
Nearly a year since Russia’s invasion of Ukraine, President Biden is in Kyiv and Poland. Yale School of Management’s Senior Associate Dean for Leadership Studies Jeffrey Sonnenfeld discusses the business retreat from Russia, highlighting companies that have exited the country. Sonnenfeld suggests that the war and the resulting corporate protest has exposed Russia’s economic irrelevance. Manhattan workers are spending $12B less per year, due to remote work. Partnership for New York City President & CEO Kathryn Wylde discusses the demands of a new generation of workers and the many employers betting on a future of hybrid work. Plus, Meta is rolling out Meta Verified , a new paid verification subscription service, lumber prices hit Home Depot’s bottom line , and some airlines are planning to accommodate families –for free! In this episode: Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, February 17, 2023
Two weeks after a train derailment in Ohio resulted in a hazardous chemical spill, the responsible railway Norfolk Southern, the EPA, and the Biden administration are working to help the affected community. Oscar Munoz, former United Airlines CEO and former CEO of CSX rail shares lessons from his career, and offers some advice to the leaders involved. In the wake of wins for betting giants like DraftKings and Fanduel , Activate CEO Michael Wolf discusses the trends for legal and illegal sports betting. Plus, Sam Bankman-Fried is in trouble again, and prominent Chinese investment banker Bao Fan is missing according to his company China Renaissance Holdings. The Beijing-based fund and investment bank said it “has been unable to contact Mr. Bao Fan,” but is operating normally, according to a filing. In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Fri, February 17, 2023
Charlie Munger, a shareholder and board member for The Daily Journal, spoke at the newspaper’s virtual annual meeting on Wednesday. The meeting featured a Q&A moderated by Becky Quick that featured a wide range of topics, from market volatility, his favorite stocks of all time, the Federal Reserve’s rate hikes, to cryptocurrencies and investing in China.
Thu, February 16, 2023
Berkshire Hathaway Vice Chairman Charlie Munger, a shareholder and board member of the Daily Journal Corporation, spoke at this year’s virtual Daily Journal Annual Meeting. Becky Quick delivers the highlights from that meeting, where Munger addressed A.I., his favorite stocks of all time , Elon Musk’s Twitter takeover, and what he calls “crypto crap-o.” The Labor Department reported a producer price index hotter than economists expected , raising questions about the longevity of inflation in the U.S. CNBC’s Rick Santelli and Steve Liesman discuss what the most recent inflation data means for the Fed’s fight against inflation. The Congressional Budget Office has warned that the U.S. the Treasury Department can only sustain its extraordinary measures to prevent a debt default for five to eight more months. The CBO also raised its projection of national debt over the next decade. Phillip Swagel, the director of The Nonpartisan Congressional Budget Office, discusses the deficit and default warnings, the contentious Congressional debt ceiling fight, and rising interest payments challenging the U.S. budget window. Plus, more leadership changes are coming for the Federal Reserve, Wall Street Bets founder is suing Reddit, and a growing population of wealthy Chinese are relocating out of China, as economic concerns rise in the mainland. In this episode: Rick Santelli, @RickSantelli Steve Liesman, @steveliesman Robert Frank, @robtfrank Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Wed, February 15, 2023
After his dramatic takeover, Elon Musk aims to name a successor at Twitter before the end of 2023. Musk has also announced that thousands of Tesla’s chargers will soon open all other EVs. Federal Reserve Vice Chair Lael Brainard is leaving her post to become President Biden’s top economic advisor. She’s replacing White House powerhouse Brian Deese, who speaks with Joe Kernen, Becky Quick, and Andrew Ross Sorkin for an exit interview. Deese discusses his legacy at the National Economic Council, President Biden’s push against corporate buybacks , and the administration's remaining agenda. Louis Vuitton has hired designer and musician Pharrell Williams, and CNBC’s Robert Frank reports that it’s LVMH’s biggest bet yet on mixing pop culture and luxury for the world’s largest fashion brand. Plus, Starbucks CEO Howard Schultz has declined a Congressional invitation , and travel costs are up–alongside profits. CNBC’s Phil LeBeau reports on air travel traffic and the FAA’s testimony before the Senate Commerce Committee today. In this episode: Robert Frank, @robtfrank Kayla Tausche, @kaylatausche Phil Lebeau, @Lebeaucarnews Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, February 14, 2023
The New York Times columnist Jim Stewart is out with a new book chronicling the manipulations and secret machinations of Sumner Redstone’s final years and the battle for his media empire. “Unscripted,” co-authored by Rachel Abrams, follows the drama that built the Paramount-CBS-Viacom business–and it’s a real life “Succession” story. Coca Cola reported a beat on earnings this quarter, and CEO James Quincey discusses his company’s strategy for marketing, inflation, and premixed cocktails. CPI data reveals inflation for January rose 6.4% from a year ago, signaling a continuing–albeit slow–moderation in inflation’s climb. Plus, the White House is shuffling its economic team, Tesla workers are launching a unionization plan in New York, and NBC is reportedly hoping to win back the NBA . Happy Valentine’s Day! In this episode: James Stewart, @JamesStewartNYT Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, February 13, 2023
The Kansas City Chiefs defeated the Philadelphia Eagles in Super Bowl LVII! Not everyone was watching for the big game, though. Most of this year’s advertisements sold for between $6 million and $7 million for a 30-second spot. Fox said it raked in a record amount of Super Bowl ad revenue this year. Kevin Krim, president and CEO of EDO, discussed this year’s Super Bowl ads. Concerns are mounting in Washington after the U.S. shot down a fourth unidentified object on Sunday. Jack Jacobs, retired U.S. army colonel and a Medal of Honor recipient, discusses the latest mystery object and whether citizens should be worried about an escalation. CNBC’s Eamon Javers also reports on the latest unknown flying object and what it could possibly be. In this episode: Kevin Krim, @kevinkrim Eamon Javers, @EamonJavers Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, February 10, 2023
Disney CEO Bob Iger’s apparent openness to selling Hulu marks a stark reversal in strategy for the company. Iger said Thursday that “everything is on the table” with regard to Hulu’s future . Matt Belloni, Puck founding partner and author, discusses how Disney will treat Hulu, why another company wouldn’t partner with Hulu and more. SEC chair, Gary Gensler, discusses the recent crackdown from the SEC on Kraken, how the company’s operations differ from other yield-based products and potential climate and crypto regulation. Shares of Lyft are falling after the company reported guidance for its first quarter of 2023 that was short of analyst expectations. Plus, Adidas shares tank after company issues warning over unsold Yeezy stock In this episode: Gary Gensler, @GaryGensler Matt Belloni, @MattBelloni Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, February 09, 2023
Disney says it will slash 7,000 jobs from its workforce and plans to cut $5.5 billion in costs, including $3 billion in content savings. CEO Bob Iger says the restructuring is a “significant transformation” that will maximize the potential of their creative teams. Apple co-founder, Steve Wozniak, discusses the power of artificial intelligence, the metaverse, Tesla, and his long career at Apple. Plus, how the rich are saving billions in taxes. ProPublica Reporter, Paul Kiel, says some wealthy Americans are using a century-old law against "wash sales" - selling and buying shares in a company in a short period of time. In this episode: Steve Wozniak, @stevewoz Paul Kiel, @paulkiel Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, February 08, 2023
President Biden delivered his State of the Union address to a lively congressional audience. Joe Kernen, Becky Quick, and Andrew Ross Sorkin break down the fireworks and the content with former Republican Congressman Mick Mulvaney and former Democratic Senator Heidi Heitkamp. After a big financial quarter, Uber CEO Dara Khosrowshahi shares his vision for the road ahead (hint: EVs!), consumer spend, and the inflation squeeze. Plus, Microsoft is rolling out a new and AI chatbot-enabled version of Bing , and CNBC’s Steve Liesman analyzes the investor reaction to Federal Reserve Chair Jay Powell’s comments on American jobs and inflation this week. In this episode: Dara Khosrowshahi, @dkhos Heidi Heitkamp, @HeidiHeitkamp Mick Mulvaney, @MickMulvaney Steve Liesman @Steveliesman Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, February 07, 2023
In a this super-sized episode, Speaker of the House Rep. Kevin McCarthy (R-CA) sits with Joe Kernen at the Capitol for an extended interview ahead of President Biden’s State of the Union Address . Speaker McCarthy discusses his political agenda, bipartisan negotiations for the debt ceiling, and America’s geopolitical and economic paths forward. In his first interview in over a year, Activision Blizzard CEO Bobby Kotick discusses his company’s quarterly performance, as well as the stalled deal for Microsoft to acquire the gaming giant. Kotick also addresses ATVI’s $35m settlement with the SEC over claims that the company violated federal whistleblower protections and failed to maintain adequate disclosure standards over workplace misconduct. Plus, AMC is now pricing up tickets for premium movie theater seats, and Google has released its answer to ChatGPT: Bard AI . In this episode: Rep. Kevin McCarthy, @SpeakerMcCarthy Bobby Kotick, @BobbyKotick Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, February 06, 2023
A suspected Chinese spy balloon was shot down by the U.S. military over the weekend, as tension between both countries escalates. Member of the Council on Foreign Relations Michelle Caruso-Cabrera and partner at The Rhodium Group Daniel Rosen discuss the geopolitics at play, the repercussions of the incident, and the role the American public played in Washington’s response to the surveillance balloon. As the economy digests January’s blowout January jobs report, Allianz and Gramercy advisor and president of Queens’ College Mohamed El-Erian discusses the Federal Reserve’s 25 basis point rate hike and the rate hikes likely still to come. In a candid conversation, El-Erian offers his own preferred course of action for the central bank, and raises concerns about the long-term implications of the Fed’s suspected strategy. Plus, Elon Musk says Twitter is “trending” to breakeven . In this episode: Michelle Caruso-Cabrera @MCaruso_Cabrera Mohamed El-Erian @elerianm Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, February 03, 2023
In a surprisingly strong report, the Labor Department revealed the U.S. economy added 517,000 jobs in January 2023 , and an unemployment rate drop to 3.4%, the lowest level since 1969. CNBC’s Rick Santelli, Steve Liesman, and Andrew Ross Sorkin consider what the strong numbers mean for the Federal Reserve’s strategy to cool inflation. Among the employed, CNBC’s Robert Frank reports a rise in office attendance across U.S. cities. Plus, Chevron announced a $75 billion buyback program and a dividend boost in its quarterly report, and the oil giant’s giant profits are sparking renewed backlash from the White House. CEO Mike Wirth joins Joe Kernen and Becky Quick before tee-time at the Pebble Beach Pro-Am to discuss his company’s financial results and shareholder returns, and to address pressure on big oil from President Biden. After Starbucks reported a miss on earnings this quarter, CFO Rebecca Ruggeri shares her outlook for the company’s next quarter, despite weakness in international sales amid surging Covid cases in China. In this episode: Robert Frank, @robtfrank Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, February 02, 2023
The Federal Reserve has raised interest rates 25 basis points in its eighth hike since March 2022. Bridgewater founder and billionaire hedge funder Ray Dalio digests the Fed decision, the relative attractiveness of cash, bonds, and equities, and the value–real and perceived–of crypto. In an extended interview exclusive to CNBC, Dalio warns that we could be at the brink of an economic war with China. Plus, Julia Boorstin reports on Meta’s mega fourth quarter results , including what’s in store for the platform and U.S. scrutiny on TikTok. In this episode: Ray Dalio, @RayDalio Julia Boorstin, @JBoorstin Melissa Lee, @MelissaLeeCNBC Mike Santoli @michaelsantoli Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, February 01, 2023
Ark Invest CEO and CIO Cathie Wood shares her big investing ideas for 2023 after her flagship fund reported its best month ever. Ark Innovation ETF notched a near-28% bump in January, but for the last two years, the fund is still down 72%. Wood discusses the wind-down of inflation and her bet that ChatGPT is just the beginning of a new AI era. Even Google is exploring ChatGPT-like technology , asking employees to test some of its competitors. Plus, Snap offered weak guidance for its next quarter, and its own slowdown in digital ad spend is a warning signal for other social media stocks. And, after ExxonMobil reported record breaking profits in 2022 , the White House is challenging its dividends for shareholders. In this episode: Cathie Wood, @CathieDWood Kelly Evans, @KellyCNBC Mike Santoli @michaelsantoli Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Tue, January 31, 2023
ExxonMobil reported a record breaking $55.7B profit for 2022. CEO Darren Woods discusses the results and global oil policy, and warns that gas prices will rise again, while demand and supply are light. Ford and Tesla have slashed prices to remain competitive in the burgeoning electric vehicle landscape; WSJ reporter Tim Higgins explains the EV price wars and the road ahead for each player. Plus, the Biden administration is cracking down on Medicare private plans, and a U.S. appeals court has thwarted Johnson & Johnson’s strategy for handling its talc lawsuits, a plan known as the ‘Texas two-step.’ In this episode: Darren Woods, @exxonmobil Tim Higgins, @timkhiggins Becky Quick @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, January 30, 2023
Ahead of this week’s Fed meeting, jobs data, and tech earnings results, head of US Equity and Quantitative Strategy at BofA Securities Savita Subramanian zooms out of the market minutia to paint the big economic picture for short term and buy-and-hold investors alike. TikTok CEO Shou Zi Chew has agreed to testify before U.S. Congress in March, as scrutiny on the China-based app heightens on Capitol Hill and on America’s university campuses. Plus, Renault and Nissan are rethinking their decades-old alliance, Chinese search engine Baidu is launching an AI bot similar to ChatGPT, and Samsung is reportedly considering cutting semiconductor production , as demand softens. In this episode: Andrew Ross Sorkin, @andrewrsorkin Kayla Tausche, @kaylatausche Mike Santoli @michaelsantoli Katie Kramer, @Kramer_Katie
Fri, January 27, 2023
Universities and the U.S. government have heightened scrutiny on TikTok , exploring bans of the China-based app. Foreign affairs columnist for The New York Times Tom Friedman discusses the risks of TikTok and other social media, and how the U.S. should handle its relationship with China. As layoffs across tech pile up, Jason Greer, Greer Consulting founder and president, and Jessica Kriegel, chief scientist of workplace culture at Culture Partners, discuss the executive strategy of job cuts, as well as the overall job market. Plus, Chipotle’s hiring , Intel reported a dismal quarter , and facial recognition software at Madison Square Garden has raised alarm bells for many. In this episode: Jason Greer, @LaborDiversity Jessica Kriegel, @jessica_kriegel Tom Friedman, @tomfriedman Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, January 26, 2023
In an extended interview, Starwood Capital Chairman and CEO Barry Sternlicht offers his outlook on a recession timeline, the Fed’s rate raising playbook, and the U.S. labor market. A real estate and investing mogul, Sternlicht explains what the housing market reveals about America’s economic health. Tesla reported record revenue for the fourth quarter; CNBC’s Phil Lebeau reports the results and shares the highlights from Elon Musk’s comments on the earnings call. Plus, IBM is making job cuts , Chevron is making a big stock buyback , and Donald Trump is back on social media. In this episode Phil Lebeau, @Lebeaucarnews Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, January 25, 2023
Tesla’s CEO is under oath this week, after shareholders sued him for his tweets in 2018. Axios business editor Dan Primack breaks down Elon Musk’s time in federal court , where he’s defending his infamous “funding secured” tweet. Primack considers Musk’s leadership and the faith his Tesla shareholders are willing to put in him. In a conversation about his new book, “Never Give an Inch,” former Secretary of State Mike Pompeo discusses Russia’s war in Ukraine and the roles of other global powers in ending it. Pompeo reflects on the foreign policy that’s gotten the United States where it is today. Plus, CNBC’s Steve Kovach reports on Microsoft’s weak guidance in its latest financial report, and Rupert Murdoch is calling off a big Fox family reunion . In this episode: Dan Primack, @danprimack Steve Kovach, @stevekovach Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Tue, January 24, 2023
Two months after the Taylor Swift-Ticketmaster debacle , the Senate Judiciary Committee is conducting a hearing on competitiveness in the ticketing industry. Sen. Richard Blumenthal (D-CT) and Sen. Marsha Blackburn (R-TN) share their priorities during the hearing, including antitrust concerns and consumer protections. CNBC’s Bertha Coombs reports on Amazon’s new prescription offering for Prime members : RxPass. Plus, Alphabet CEO Sundar Pichai is defending Google’s massive layoffs while the Department of Justice zeroes in on the company’s dominance in ‘search.’ In this episode: Marsha Blackburn, @MarshaBlackburn Richard Blumenthal, @SenBlumenthal Bertha Coombs @berthacoombs Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, January 23, 2023
Congress is working to find a bipartisan path to averting a debt default ; the U.S. has hit its borrowing cap of $31.4T, and it’s up to lawmakers to raise the debt ceiling or find another solution before the Treasury Department’s “extraordinary measures” run out in the summer, and the United States cannot pay its bills. PIMCO Head of Public Policy Libby Cantrill discusses the standoff in Congress and compares today’s debt ceiling drama with the standoffs in previous years. Tech companies have announced layoffs en masse, and Gene Munster of Deepwater Asset Management (formerly Loup) says the workforce cuts are still underway. Plus, activist investors are reportedly taking stakes in Salesforce , which could signal big changes ahead for the tech company. In this episode: Gene Munster: @munster_gene Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Sat, January 21, 2023
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are at the World Economic Forum in Davos, Switzerland, where they’re speaking with Moderna CEO Stephane Bancel. Three years after the first case of Covid-19 was detected in the United States, Bancel recalls the journey to vaccinating the global public, and Moderna’s newest vaccine trials for RSV. In this episode: Stephane Bancel, @moderna_tx Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, January 20, 2023
In a special episode of Squawk Pod, Andrew Ross Sorkin is at the World Economic Forum in Davos, Switzerland, where he spoke with philanthropist and 7-time Grammy-winning entertainer will.i.am. As founder of the i.am.angel Foundation, will.i.am is advocating for more STEAM education in the form of extra-curricular activities, tutoring and dedicated preparatory schools for at-risk youth. A creative who believes in the power of AI, will.i.am discusses ChatGPT’s value for creators, the power of social media, and the importance of encouraging young students to pursue science, tech, engineering, and math. It’s his 8th trip to the World Economic Forum, and he says 2023’s convention has the most diversity and best vibe yet. In this episode: will.i.am, @iamwill Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, January 20, 2023
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are at the World Economic Forum in Davos, Switzerland, where they’re speaking with JPMorgan CEO Jamie Dimon. Dimon explains why he’s going back on his May 2022 warning of a “hurricane” heading for U.S. markets. In an extended interview in the Alps, Dimon discusses the Fed’s path forward, his own recessionary outlook, the “waste of time” that are bitcoin discussions, and the biggest risks to the global economy. In this episode: Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, January 19, 2023
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are at the World Economic Forum in Davos, Switzerland, where they’re speaking with chef, restaurateur, and humanitarian, José Andrés. As founder of World Central Kitchen, Andrés discusses on-the-ground food relief in areas hit by extreme weather and war, including his work with local chefs in Ukraine. The pandemic and the war have put pressure on an already strained global food system; for Andrés, helping Ukrainians means preparing them for success long after humanitarian aid ceases, and easing strain on the other countries that rely on its grain exports. In this episode: José Andrés, @chefjoseandres Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, January 19, 2023
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are at the World Economic Forum in Davos, Switzerland, where they’re speaking with General Atlantic Chairman and CEO Bill Ford. With $72B under management, General Atlantic has deployed $55B into nearly 500 companies, including Uber, Airbnb, Etsy, Mobileye, Chime, and TikTok parent ByteDance. Ford discusses tech opportunities, innovation, and entrepreneurship in China, India, and Southeast Asia, and the tech sector’s rough 2022. In this episode: Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, January 18, 2023
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are at the World Economic Forum in Davos, Switzerland, where they’re speaking with Uber CEO Dara Khosrowshahi about this year’s theme: Cooperation in a Fragmented World. Since Russia’s war in Ukraine broke out, Ukrainians have relied heavily on the global private sector, including Uber. In the 11 months of the war so far, Uber has expanded its service footprint throughout the country, provided free rides to aid workers, doctors, and refugees, and transported supplies, food, and shelter in partnership with the United Nations. Khosrowshahi discusses the responsibility of tech companies during a crisis, as well as the impact of global economic and political pressures on his company’s bottom line. Plus, he shares tipping etiquette and his own track record behind the wheel in San Francisco. In this episode: Dara Khosrowshahi, @dkhos Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, January 18, 2023
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are at the World Economic Forum in Davos, Switzerland, where they’re speaking with Blackstone CEO Steve Schwarzman. A billionaire businessman, GOP donor, and China optimist, Schwarzman discusses what the end of China’s zero-covid policy means for its economic recovery and the global supply chain. Plus, after three years of lockdowns, Chinese leaders are convening with the rest of the world’s leaders at this year’s WEF; Schwarzman offers his perspective on how the Chinese view the U.S., and how domestic issues factor into each country’s respective geopolitics. In this episode: Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Tue, January 17, 2023
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are at the World Economic Forum in Davos, Switzerland, where they’re speaking with Bank of America CEO Brian Moynihan. In their first winter WEF interview in three years, the anchors ask Moynihan about his economic recession forecast, his outlook on blockchain opportunities, and how the Federal Reserve should rebalance the U.S. economy. In this episode: Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, January 13, 2023
The SEC has charged crypto lender Genesis and crypto exchange Gemini with allegedly selling unregistered securities. Former SEC enforcer Lisa Braganca discusses the $900m customer funds currently in the balance and what the regulators are hoping to achieve. Now that the House Republicans have a majority, former House Majority Leader Eric Cantor discusses the GOP’s agenda, both in Congress and in the upcoming race for President. Plus, Tesla is cutting prices , and Apple CEO Tim Cook is taking a pay cut. In this episode: Lisa Braganca, @LisaBraganca Eric Cantor, @EricCantor Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, January 12, 2023
ChatGPT is an AI tool that’s taken educators by storm, and some are calling for a ban. Yale lecturer and journalist Joanne Lipman argues to keep it in classrooms, and she considers the various historical innovations that once concerned academics–from calculators to Google. Activist investor Nelson Peltz is aiming for a seat on Disney’s board , but the company is opposed and gearing up for a proxy fight . Disney has also named a new chairman of the board, and amid all the drama, the company has not yet explained its recent CEO swap from Bob Iger to Bob Chapek and back again. New York Times columnist and “Disney War” author James Stewart unpacks all the drama at the House of Mouse. In the Labor Department’s latest report, the consumer price index fell month over month for the first time since April of 2020. It’s a sign that inflation could be moderating, but the Federal Reserve doesn’t meet to discuss interest rate hike policy until February. Plus, Tesla’s plant in China is stalled, and Starbucks is calling corporate employees back to the office. In this episode: Joanne Lipman, @joannelipman James Stewart, @JamesStewartNYT Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, January 11, 2023
The FAA suffered a computer outage , grounding and delaying thousands of flights across the country. CNBC’s Phil LeBeau discusses the ripple effects of the outage and the ongoing modernization of the airline industry. As the dust settles on the GOP’s hold in Congress, New Hampshire Governor Chris Sununu discusses what’s next for the Republican Party. He addresses revisions to the U.S. tax code, efforts to limit big government, and rumors that he is considering a run for President. Plus, FTX is headed back to bankruptcy court , and World Wrestling Entertainment is reinstating its former CEO , despite his retirement amid allegations of sexual assault. In this episode: Chris Sununu, @GovChrisSununu Phil Lebeau, @Lebeaucarnews Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese
Tue, January 10, 2023
The Just 100 2023 list is out! The list ranks America’s largest publicly traded companies based on corporate behaviors including worker wellness, governance, diversity, and environmental impact. T Mobile CEO Mike Sievert discusses his company’s #20 ranking, and explains how “just” practices are financial, rather than political. Just Capital cofounder and investor Paul Tudor Jones discusses the ranking methodology, and addresses “woke capitalism,” and corporate virtue signaling. Tudor Jones also discusses the Federal Reserve’s efforts to manage inflation . Just Capital’s founding CEO Martin Whittaker offers a podcast-exclusive explanation of the list and its philosophy. Plus, the GOP is centering Republican constituents as it settles into House leadership, and reinstated Disney CEO Bob Iger warns employees not to settle into a work-from-home habit. In this episode: Paul Tudor Jones, @ptj_official Mike Sievert, @MikeSievert Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, January 09, 2023
Rapper Flo Rida is speaking out about his lawsuit against energy drink company Celsius. After a successful partnership, Flo alleges the company breached his endorsement contract. In an interview alongside his attorney John Uustal, Flo Rida explains the value his own brand lent to Celsius, and why, despite the lawsuit, he’s still drinking the product on stage. After a December jobs report buoyed the markets , investors wonder whether the Federal Reserve will slow rate hikes. White House economist Heather Boushey explains the administration’s take on potential recession and President Biden’s plans to ease economic pains for Americans. Plus, the Rep. Kevin McCarthy (R-CA) finally locked his new job as Speaker of the House, and Salesforce is the latest tech company with a round of layoffs. In this episode: Flo Rida, @official_flo Heather Boushey, @hboushey46 Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, January 06, 2023
The Federal Trade Commission has proposed a rule to eliminate employee non compete clauses in contracts, claiming the practice stifles innovation and entrepreneurship. In a rare interview, FTC Chair Lina Khan explains the proposal, the economics, and the workers that stand to benefit. As the Republican congressional stalemate continues, Rep. Kevin McCarthy (R-CA) stands resolute in his pitch for Speaker of the House. Plus, Bed Bath & Beyond’s stock may be beyond help, and it’s another Squawk celebration: happy birthday, Joe Kernen! In this episode: Lina Khan, @linakhanFTC Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, January 05, 2023
The House of Representatives faces another day without a Speaker . Members of the Problem Solvers Caucus Rep. Josh Gottheimer (D-NJ) and Rep Nicole Malliotakis (R-NY) discuss the GOP’s messy stalemate and the bipartisan goals still ahead for Congress. This season’s gifts and travel expenses have upped consumer debt; CNBC’s senior personal finance correspondent Sharon Epperson reports on the holiday’s hefty price tags for American consumers–as well as tips for paying them off. Plus, Amazon’s weathering another round of layoffs , and the EU is asking travelers from China to take Covid tests before arrival. In this episode: Josh Gottheimer, @RepJoshG Nicole Malliotakis, @RepMalliotakis Ylan Mui, @ylanmui Sharon Epperson, @Sharon_Epperson Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Wed, January 04, 2023
Sam Bankman-Fried has pleaded ‘not guilty’ to multiple charges against him , including securities fraud and money laundering. Netflix’s new docuseries, “Madoff: The Monster of Wall Street” starts streaming today, and director Joe Berlinger says he sees parallels between today’s fallen crypto king Sam Bankman-Fried and “sociopath” Bernie Madoff in the nineties. The true crime director discusses revealing never-before-seen footage of Madoff’s deposition in 2016, and considers history’s cycle of fraud. Former SEC Chair Jay Clayton weighs in too, saying he considers SBF’s crimes–if he’s convicted of them–to be the same caliber of Madoff’s. Plus, Washington is poised for another tough day for Rep. Kevin McCarthy in his battle for House Speaker, and Apple stock is taking a hit , but the company still has big plans for the metaverse. In this episode: Joe Berlinger, @joeberlinger Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Tue, January 03, 2023
In this episode: Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, December 30, 2022
In a highlight of 2022, Warner Brothers Discovery CEO David Zaslav described his hopes for the future of the merged media company when he joined Joe Kernen and Becky for his first interview following the close of the $43 billion transaction. In May, Zaslav was optimistic about the outlook for a content company with offerings spanning home decor, food, classic movies, news and more. Plus, what really happened at the demise of CNN+. Happy New Year, Squawk Pod listeners! In this episode: Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, December 29, 2022
ARK Invest CEO Cathie Wood is famous for her bold bets on disruptive technology stocks, like Tesla, Zoom, and Roku. But, like those tech stocks, her flagship fund’s performance is down over 60% year-to-date. Even still, she’s reeling in more money from her retail trader, Reddit-enthusiast clients. In an interview recorded in late June, Wood explains her tech-focused strategy in the face of the Fed’s inflation battle. In her view, the U.S. economy is in a recession. In this episode: Cathie Wood, @CathieDWood Becky Quick @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, December 28, 2022
The Russian invasion of Ukraine has been a key story on the global stage in 2022. In a conversation recorded in September, Palantir CEO Alex Karp tells Andrew Ross Sorkin and Becky Quick that modern warfare has been forever changed by this conflict. Palantir is a developer of data analysis software that went public via a direct listing in September 2020 after nearly two decades as a private company; Karp shares insight into how digital analytics has prevented a full-scale takeover of sovereign Ukraine.
Tue, December 27, 2022
In a highlight of 2022, investor and private equity legend David Rubenstein, co-founder of the Carlyle Group, shared what he learned from some of the world’s most successful investors. One hint – it’s not a 9 to 5 job. Rubenstein details the habits and strategies of managers like Ray Dalio, Ron Baron, Mary Erdoes, John Paulson and many more in book, “How to Invest: Masters on the Craft.” In this conversation from September 2022, Rubenstein tells Becky Quick and Melissa Lee his thoughts on the Fed’s aggressive rate-raising policy, his best investing ideas and what he thinks about America’s relationships around the world.
Fri, December 23, 2022
Severe winter weather is cause for canceling thousands of flights across the U.S. and delaying package delivery in the last days before Christmas. But, one flight is guaranteed to have no problem taking off – Rear Admiral Daniel Cheever of the North American Aerospace Defense Command (NORAD) reassures Joe Kernen and Becky Quick that Santa Claus will continue his flawless record of clean departures from the North Pole. Justin Bieber is close to securing a $200 million deal for his publishing and recorded music rights – at age 28! Jon Fortt takes a look at both sides of the argument for the Belieber legacy. Plus, Elon Musk hits pause on selling his shares of Tesla, Sam Bankman-Fried is free on bail , and Congress secures a $1.7 trillion funding deal hours before the holiday recess – averting a government shutdown. Merry Christmas to our listeners! Track Santa’s Christmas Eve flight status: https://www.noradsanta.org In this episode: Jon Fortt, @jonfortt Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Thu, December 22, 2022
Ukrainian President Volodymyr Zelenskyy addressed a joint session of Congress in his first trip abroad since the start of Russia’s war in his country. CNBC’s Kayla Tausche recaps his U.S. visit and his speech to lawmakers, during which he appealed for more military support. FTX founder Sam Bankman-Fried is officially back on American soil preparing for his time in court, and two of his former colleagues have already pleaded guilty to fraud . Appaloosa Management Founder and President David Tepper shares his latest portfolio plays in a rare extended interview. The billionaire hedge funder explains why he’s short on equities, short on bonds, and trusting global central banks to keep to their word on raising rates. In this episode: Kayla Tausche, @kaylatausche MacKenzie Sigalos, @KenzieSigalos Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Wed, December 21, 2022
As cold, Covid, and RSV season wears on, many pharmacy aisles have been picked clean by consumers. Former FDA Commissioner Dr. Scott Gottlieb explains the medicine shortage , suggesting it’s temporary. Also under the weather: airports! Airlines are bracing for mass cancellations and delays this holiday, but The Points Guy Brian Kelly has tips for holiday travelers taking on the country’s wild weather this week. Among the millions traveling this holiday week are Ukraine’s President Vladimir Zelenskyy, en route to the White House , and FTX founder Sam Bankman-Fried, out of Bahamian prison. Plus, CNBC’s Sharon Epperson unpacks America’s layoff worries and workplace happiness. In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Brian Kelly, @thepointsguy Sharon Epperson, @Sharon_Epperson Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Tue, December 20, 2022
The Bank of Japan shocked global economists with a tweak to its yield curve control policy, doubling the cap on 10-year treasury yields. Joe Kenen and Becky Quick discuss the implications for markets around the world. FTX founder Sam Bankman-Fried has agreed to extradition , so he’s headed from Bahamian prison to American courts. Former SEC lawyer and currently a financial defense attorney for Dickinson Wright Jacob Frenkel discusses the next steps and legal options for the disgraced crypto king. Netflix and chill season is underway, but Paramount Media President Chris McCarthy is confident in his own platform’s appeal to streamers. He discusses all Paramount+ offerings, but he avoids spoilers, don’t worry! Plus, 3M is making a manufacturing decision with human health in mind, and Ylan Mui reports on lawmakers pushing for a spending bill to avert a government shutdown . In this episode: Jacob Frenkel, @jacob_frenkel Ylan Mui, @ylanmui Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Mon, December 19, 2022
China has ended its zero-Covid policy , but the government’s data on virus spread there is widely regarded as unreliable. Member of the Council on Foreign Relations Michelle Caruso-Cabrera discusses the geopolitical sea-change underway, as economists await an economic slowdown in China. Another pivotal shift in the works: the Federal Reserve’s commitment to raising interest rates . Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, Cambridge, issues a warning to the Fed and investors worldwide. Plus, Elon Musk polled Twitter, asking whether he should resign as CEO. When the poll closed, users had voted for his resignation from Twitter ; while Elon tweeted that he would abide by the results, no official announcements have been made. Loup founder and tech analyst Gene Munster explains why Tesla shareholders were optimistic on the news. In this episode: Michelle Caruso-Cabrera @MCaruso_Cabrera Mohamed El-Erian @elerianm Gene Munster: @munster_gene Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Fri, December 16, 2022
In the continuing FTX saga, the main characters in the soap opera are now at odds: FTX’s disgraced founder Sam Bankman-Fried , Changpeng Zhao of FTX rival Binance , and one of FTX’s investors/spokespeople: Shark Tank investor Kevin O’Leary. The venture capitalist discusses his testimony before the Senate and addresses CZ’s accusation that O’Leary lied to the public. Joe Kernen, Becky Quick, and Andrew Ross Sorkin question O’Leary and his investing judgment as pressure mounts from FTX users who lost money because they trusted the Shark’s endorsement . In this episode: Kevin O’Leary, @kevinolearytv Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, December 15, 2022
In its latest effort to fight inflation, the F ederal Reserve has raised interest rates half a point to the highest level in 15 years, but CNBC’s Steve Liesman explains why the markets have reacted poorly. As Wall Street and Washington digest the Capitol Hill hearings on the FTX collapse , the CEO of rival crypto exchange Binance assures investors, “We are financially strong.” Changpeng Zhao “CZ” addresses concerns that his platform is also at risk of liquidity issues, discussing crypto contagion and his own role in the FTX drama. Plus, cheers to the holiday season! Joe Kernen, Becky Quick, and Andrew Ross Sorkin are excited for their shopping–and their festive beverages. In this episode: CZ, @cz_binance Steve Liesman @Steveliesman Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, December 14, 2022
Since Elon Musk took over Twitter, Tesla’s stock has suffered a slide. Former Twitter CEO Jack Dorsey is speaking out about his own experience leading the social media company; Joe Kernen, Becky Quick, and Andrew Ross Sorkin consider the tricky cocktail of leadership, moderation, and innovation that Twitter demands from its executives, and whether the strain on Tesla is fleeting. FTX founder Sam Bankman-Fried is in custody in the Bahamas, and CNBC’s Kate Rooney reports on what’s next for the bankrupt exchange and its former CEO. Rival crypto exchange Binance is under scrutiny as Wall Street and regulators await the next crypto domino to fall in the FTX fallout. Plus, after a difficult two years, airlines are profitable and surging. Delta CEO Ed Bastian discusses raising Delta’s financial guidance for the years and quarters ahead, as well as the long-awaited contract deal with Delta pilots . In this episode: Ed Bastian, @Delta Kate Rooney, @Kr00ney Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, December 13, 2022
FTX founder Sam Bankman-Fried was arrested by Bahamian authorities Monday evening, setting the stage for extradition and U.S. trial for the one-time crypto billionaire at the heart of the crypto exchange’s collapse . Before his arrest was announced, Bankman-Fried had been expected to testify virtually before the House Financial Services Committee today, but his attorneys told CNBC that he will not appear. Joe Kernen, Becky Quick, and Andrew Ross Sorkin discuss the charges of wire fraud, securities fraud, commodities fraud, and money laundering that face Sam Bankman-Fried. Plus, Moderna and Merck have been developing an experimental cancer vaccine that leverages mRNA technology to target melanoma. In a mid stage trial, the vaccine cut recurrence by 44%; Moderna CEO Stéphane Bancel outlines how the company is working with regulators for accelerated approval. In this episode: Stéphane Bancel, @moderna_tx Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, December 12, 2022
It’s a big week for Wall Street ! Investors await the Congressional hearings on FTX’s collapse, the Federal Reserve’s next decision on interest rates and the U.S. Bureau of Labor Statistics’ latest inflation data. Ahead of the consumer price index report , White House economist Heather Boushey discusses President Biden’s focus on clean energy, American manufacturing, and the U.S. labor market. As investors brace for testimony from disgraced FTX founder Sam Bankman-Fried , former SEC Chairman Jay Clayton considers what SBF will say to Congress and how he will excuse the leadership that prompted a collapse in crypto. SBF owes money to investors, shareholders, and even Jimmy Buffett, who’s still waiting on SBF’s team’s $55,000 Margaritaville bill. Plus, Twitter is relaunching Twitter Blue (for a higher fee). In this episode: Heather Boushey, @hboushey46 Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, December 12, 2022
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are in Washington, D.C. for the annual Business Roundtable meeting, speaking with Raytheon Technologies CEO Greg Hayes. In a conversation exclusive to CNBC, Hayes discusses Raytheon’s $1.2B Pentagon contract for missiles in Ukraine, as well as the other defense technology the U.S. provides in Ukraine and other warzones. As CEO of one of the world’s largest aerospace and defense contractors, Hayes considers how changes to the U.S. tax code could spur more domestic innovation. In this episode: Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, December 09, 2022
Diabetes drug Ozempic has appealed to celebrities and influencers seeking weight loss, and the pharmaceutical “diet” is riding a TikTok, Twitter, and Instagram wave. Former FDA Commissioner Dr. Scott Gottlieb says, while it may be effective for some, the risks and side effects could be more likely in patients taking it off-label. The ‘Twitter Files’ saga continues, as more internal documents from the social media platform emerge publicly. Representative Ro Khanna (D-CA) addresses the next steps for regulating tech and Sam Bankman-Fried’s decision to testify at FTX’s upcoming hearing . Plus, Amazon has launched a TikTok-style feed of content, Arizona Senator Kyrsten Sinema is leaving the Democratic Party to become Independent, and pet-owners are pushing Chewy’s stock higher. In this episode: Scott Gottlieb @ScottGottliebMD Ro Khanna @RoKhanna Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, December 09, 2022
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are in Washington, D.C. for the annual Business Roundtable meeting, speaking with United Airlines CEO Scott Kirby. In a conversation exclusive to CNBC, Kirby breaks down his expectations for travel amid the possibility of an economic slowdown. Kirby also weighs in on contract negotiations with labor unions and more. In this episode: Scott Kirby, @united Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, December 08, 2022
In the wake of the FTX fiasco and all the crypto damage that accompanied it, Wall Street and Main Street are demanding answers from the man behind it all, Sam Bankman-Fried, and the investors that helped prop up his faulty business. Venture capitalist, Shark Tank investor, and co-host of Money Court Kevin O’Leary took an equity stake in the business and became a spokesperson for the now-bankrupt FTX, but today, he admits that he and his fellow investors made a mistake. Joe Kernen, Becky Quick, and Andrew Ross Sorkin ask O’Leary about his due diligence practices for investments, and Mr. Wonderful details his most recent conversation with former FTX CEO SBF in an attempt to find the millions that have gone missing.. Plus, WNBA star Brittney Griner has been released from Russian prison, China is deciding between two risky Covid-policy options, and Salesforce CEO Marc Benioff has split with another co-chief executive, raising questions about the leadership tension in the “cloud.” In this episode: Kevin O’Leary, @kevinolearytv Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, December 08, 2022
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are in Washington, D.C. for the annual Business Roundtable meeting, speaking with Walmart CEO Doug McMillon. For 50 years, the BRT has represented the CEOs of America’s biggest companies, pushing for U.S. competitiveness and economic growth. In a conversation exclusive to CNBC, CEO of the nation’s largest retailer and largest employer (next to the federal government), discusses the pressures on American consumers this holiday, rising wages, and the road ahead for the American economy. In this episode: Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, December 07, 2022
Sports merchandising and betting giant Fanatics has closed yet another round of private financing, bumping the unicorn up to a $31 billion valuation. CEO Michael Rubin discusses his company’s long road to a public listing, the consumer’s appetite for holiday shopping, and his plans for his burgeoning betting business. Plus, the billionaire explains his decision to sell his stake in the 76ers. In other sports news, Aaron Judge is staying with the New York Yankees, for a cool $360 million. Plus, China is easing its zero-Covid policy , Senator Raphael Warnock (D-GA) has emerged victorious in the Georgia runoff , and the world’s largest asset manager Blackrock is facing accusations of hypocrisy from an activist investor. In this episode: Michael Rubin, @michaelrubin Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, December 07, 2022
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are in Washington, D.C. for the annual Business Roundtable meeting, speaking with General Motors CEO Mary Barra. For 50 years, the BRT has represented the CEOs of America’s biggest companies, pushing for U.S. competitiveness and economic growth. In a conversation exclusive to CNBC, Mary Barra, head of one of America’s most iconic automakers, discusses the risks facing her business and the American economy, including supply chain squeezes, electric vehicle supply and production, and shifting consumer demand. Record date: 12/6/22. In this episode: Mary Barra, @mtbarra Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Tue, December 06, 2022
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are in Washington, D.C. for the annual Business Roundtable meeting, speaking with JPMorgan Chase CEO Jamie Dimon. For 50 years, the BRT has represented the CEOs of America’s biggest companies, pushing for U.S. competitiveness and economic growth. This year, Jamie Dimon, CEO of the nation’s largest bank and head of over 250,000 employees, discusses the evolution of corporate responsibility, the risks of a global recession, and the Fed’s path out of inflation in an interview exclusive to CNBC. In this episode: Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, December 05, 2022
Twitter is welcoming back some of its advertisers in the wake of the ‘Twitter files.’ Reports detail Twitter’s decision to censor a New York Post article on Hunter Biden ahead of the 2020 presidential elections, although CNBC has not seen or verified those reports. Jonathan Greenblatt, CEO and national director of the Anti-Defamation League, discusses the Twitter files, Elon Musk’s leadership at the platform, and how leaders can maintain a town square without discrimination. CNBC’s Brian Sullivan reports on the OPEC+ decision not to change oil production targets and the EU’s price cap on Russian oil . Chinese cities are signaling a slight easing in Covid policy . Local state media reports some people who tested positive for Covid-19 in Beijing might now be allowed to quarantine at home instead of being sent to a centralized facility. Plus, CNBC’s Sharon Epperson reports on the office parties staging a comeback this holiday season. In this episode: Jonathan Greenblatt, @JGreenblattADL Sharon Epperson, @Sharon_Epperson Brian Sullivan, @SullyCNBC Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, December 02, 2022
The U.S. economy added 263,000 jobs in November , surpassing estimates despite the Federal Reserve’s aggressive efforts to curb inflation. Average hourly earnings also rose month-over-month, which is good news for workers, but bad news for the Fed’s plan to slow interest rate hikes. Ahead of OPEC+ meeting this weekend and the EU’s looming ban on Russian oil imports , Chevron CEO Michael Wirth discusses the global energy landscape, Chevron’s new license to boost Venezuelan oil production , and working with the Biden administration on energy goals. The Senate voted to pass a labor deal, averting a nationwide railroad worker strike but failing to secure the workers the guaranteed paid sick leave that their unions were hoping for. Plus, Kanye West is suspended from Twitter, and Floridian lawmakers are mending fences with Disney. In this episode: Mike Wirth @Chevron Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, December 01, 2022
In his first public appearance since the collapse of the crypto exchange he founded, disgraced former FTX head Sam Bankman-Fried spoke to Andrew Ross Sorkin at The New York Times DealBook Summit. Andrew recaps the highlights of his extended conversation with the former “crypto king” with Joe Kernen and Becky Quick, and considers whether his remorse for the damage he’s caused is genuine. In a remarkably candid conversation, Bankman-Fried admits to messing up, and attempts to clear the air on what went wrong at his crypto exchange. More than 100,000 railroad workers seeking guaranteed paid sick leave are on the brink of a strike, and the unions, freight carriers, and US government are working on an agreement to avert a crisis. U.S. Secretary of Transportation Pete Buttigieg explains why a railroad shutdown could spell a logistical disaster for the country, ahead of the Senate’s vote on a rail labor deal. Plus, Fed Chair Jay Powell has signaled that a slowdown to rate hikes might start soon! CNBC’s Steve Liesman parses through the Fed speak and what it means for inflation nationwide. In this episode: Sam Bankman-Fried, @SBF_FTX Pete Buttigieg: @ SecretaryPete Steve Liesman @Steveliesman Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, November 30, 2022
CNBC’s Andrew Ross Sorkin in a one-on-one conversation with former FTX CEO Sam Bankman-Fried at The New York Times DealBook Summit.
Wed, November 30, 2022
Elon Musk’s tweets at Tim Cook have renewed conversations about finding common ground in an increasingly polarized public discourse. Host of “How to Build a Happy Life” Arthur Brooks urges American business leaders to stay out of the country’s culture war, and he warns against going down Musk’s Twitter rabbithole. In Washington, President Biden and lawmakers are working to avoid a railroad union strike . Plus, China is still in the throes of unrest , and Andrew Ross Sorkin is gearing up for a big interview with embattled FTX founder Sam Bankman-Fried at The New York Times DealBook Summit . In this episode: Arthur Brooks, @arthurbrooks Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Tue, November 29, 2022
With about 3 billion views on his channel, YouTuber Mark Rober is onto something with his science and engineering videos for kids. He explains the geek hidden in the goofy, and why subscribers–kids and adults–keep on clicking. Rober shares how he brings his NASA engineering background to kids' education, and one superfan hosts a Q&A with the STEM influencer in a conversation exclusive to Squawk Pod. Becky’s son Kyle asks questions like only a dedicated fan can. Plus, after a week of unrest across China , CNBC’s Eunice Yoon reports from Beijing that the CCP might consider an exit from its ‘zero-covid’ policy. FTX’s crumble has yet another casualty: digital lender BlockFi , the latest crypto company to file for bankruptcy. Carson Block, founder of due diligence investment firm Muddy Waters Research, comments on the unstable foundation of leverage in the industry. In this episode: Mark Rober, @MarkRober Carson Block, @muddywatersre Eunice Yoon @onlyyoontv Joe Kernen, @JoeSquawk Becky Quick @BeckyQuick Zach Vallese, @zachvallese
Mon, November 28, 2022
Protesters across China are risking their own safety and freedom to push back against President Xi Jinping and his ‘zero-covid’ policy . CNBC’s Beijing Bureau Chief Eunice Yoon reports from Beijing, one of the country’s many locations of unrest, on the activist risks, the student-strong upheaval, and how watching the World Cup pushed many Chinese citizens to speak out. Global event-driven investor Kyle Bass, CIO of Hayman Capital Management, discusses the unrest and its impact on companies caught in the thick of it–like Apple . Plus, in the wake of Thanksgiving, airlines suffered some turbulence, and Disney saw mixed results at the box office . Get out your popcorn; the House of Mouse is bracing for Bob (the first) Iger, back in the CEO saddle. In this episode: Kyle Bass, @Jkylebass Eunice Yoon @onlyyoontv Joe Kernen, @JoeSquawk Becky Quick @BeckyQuick Cameron Costa, @CameronCostaNY
Fri, November 25, 2022
It’s Black Friday! Retailers are ready for a weekend of holiday shoppers –both in store and online. CNBC’s Bertha Coombs reports on the brick-and-mortar shoppers, and former Macy’s President, CEO, and Chairman Terry Lundgren explains the consumer appetite for spending, even in such a pinched economic environment. Overseas, CNBC’s Eunice Yoon has the supply chain side of the retail story; she reports on Beijing’s “zero-Covid” policy and the protests that have broken out at Foxconn’s iPhone plant in Zhengzhou , China. Plus, Warren Buffett’s made some large donations in the holiday spirit, crypto exchange Binance is looking to lift the entire industry after its rival FTX prompted a sector-wide meltdown, and Elon Musk is rethinking the relaunch of Twitter Blue . In this episode: Steve Liesman @Steveliesman Becky Quick @BeckyQuick Bertha Coombs @berthacoombs Eunice Yoon: @onlyyoontv Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, November 24, 2022
The tale of 2022 continues to focus on record-high inflation, impacting business and consumers. The cost of food at home and in restaurants has surged this year, rising between 9.5 and 10.5%. On this Thanksgiving, we are grateful for stories like entrepreneur Cameron Mitchell’s. The owner of restaurants in 14 states and Washington, D.C., Mitchell has been a regular guest on Squawk Box since the earliest days of the pandemic in 2020, when he had to furlough thousands of workers. Mitchell tells Becky Quick that his business is back again, but these days, costs are a bigger concern than staffing and traffic. In “the worst cost environment” of his career, Mitchell is eyeing his margins and showing gratitude to his guests. In this episode: Cameron Mitchell @CMRColumbus Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie
Wed, November 23, 2022
On the conversational menu this Thanksgiving: debating the character (and intentions) of disgraced FTX founder Sam Bankman-Fried, Disney’s new Avatar movie , China’s cycle of lockdowns, managing the holiday rush of travelers, and cooking the turkey to perfection. Galaxy Digital’s Mike Novogratz, a longtime crypto bull and billionaire with over $76 million in exposure to FTX, considers the winners coming out of the crypto exchange’s fiasco. CNBC’s Phil LeBeau has the traveler story from Chicago’s O’Hare International Airport, and CNBC’s Beijing Bureau Chief Eunice Yoon reports on another round of Covid lockdowns across China. Plus, Bill Nolan, an expert at the Butterball Turkey Talk-Line , has all the tips for a crisis-free, flavorful Thanksgiving meal . Happy Thanksgiving! In this episode: Mike Novogratz: @novogratz Bill Nolan: @butterball Phil Lebeau: @Lebeaucarnews Eunice Yoon: @onlyyoontv Andrew Ross Sorkin, @andrewrsorkin Brian Sullivan, @SullyCNBC Katie Kramer, @Kramer_Katie
Tue, November 22, 2022
Oil prices boomerang, after closing below $80/barrel for the first time since September. White House Special Presidential Coordinator For International Energy Affairs Amos Hochstein weighs in on the tapping of the strategic petroleum reserve, the rumors of OPEC+ changing output plans and global energy prices. Thanksgiving travelers should gear up for possible delays due to airline staffing, warns Dennis Tajer of the Allied Pilots Association, representing 15,000 pilots at American Airlines. Plus, Disney’s new Bob Iger era takes shape , FTX’s bankruptcy proceedings begin and legendary investor Carl Icahn gets in on meme stock mania – with a GameStop short. In this episode: Amos Hochstein @AmosHochstein Dennis Tajer @DennisTajer Melissa Lee @MelissaLeeCNBC Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, November 21, 2022
Bob Iger is back! Disney’s board has decided, shortly after renewing CEO Bob Chapek’s contract, that his predecessor Bob Iger is better suited to lead the company than his handpicked replacement. So Bob (the first) is back, and it’s awkward for everyone. New York Times columnist and “Disney War” author James Stewart teams up with leadership expert Jeffrey Sonnenfeld, from Yale’s School of Management, to discuss the succession mess at the House of Mouse , and what investors have ahead of them. Plus, the FTX mess continues in the Bahamas. CNBC’s Kate Rooney reports on the now shuttered FTX HQ in Nassau, and all the fallout for crypto investors and the man that triggered it all, Sam Bankman-Fried. In this episode: James Stewart, @JamesStewartNYT Jeff Sonnenfeld, @JeffSonnenfeld Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, November 18, 2022
In the wake of the midterms, a leadership shakeup in Washington: Nancy Pelosi will step aside from her leadership post, and Rep. Kevin McCarthy (R-CA) is likely to take her place as Speaker of the House. FTX’s fiasco has triggered a crypto meltdown, and the mistakes of its leadership have renewed urgency for regulation in the space. Former SEC enforcer Lisa Braganca explains how regulators can protect crypto investors from future collapses like this one. Plus, in the reign of Elon Musk , Twitter is undergoing major layoffs, and, a story for the sneakerheads! Foot Locker’s new CEO Mary Dillon discusses her company’s big quarter and the trends giving a new life to “sneaker wardrobes.” Have a long memory about corporate name changes like Joe Kernen? Check out this classic CNBC report on retail bankruptcies and how Venator became Foot Locker. In this episode: Lisa Braganca: @LisaBraganca Mary Dillon: @Footlocker Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie
Thu, November 17, 2022
Today's Squawk Pod is brought to you by the letters CZ, SBF, FTX … and BUSD? AML? There is, seemingly, no end to the many, many abbreviations, initials and vernacular related to the collapse of crypto exchange FTX and the aborted deal by the world’s largest crypto exchange, Binance, to buy it out before bankruptcy. Binance CEO Changpeng Zhao “CZ” slams the behavior of his one-time friend and professional rival, FTX’s former leader Sam Bankman-Fried: “I’m just shocked.” CZ tells his behind-the-scenes story of Binance’s due diligence into the books at FTX and decision to walk away from acquiring the platform. Squawk Box anchors Joe Kernen, Becky Quick and Andrew Ross Sorkin get into all the tweets, the tokens, the DMs, the PR stunts, and what’s next for folks at places like the SEC and the DOJ. Plus, the Republicans make a House majority official and Ticketmaster’s Taylor Swift fiasco hits Swifties of all generations. In this episode: CZ, @cz_binance Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie
Wed, November 16, 2022
Despite a housing slump, Lowe’s CEO Marvin Ellison says that the home improvement business is going strong. In an interview after the company’s earnings beat, Ellison highlights the key demographic heating up its home-buying: millennials. For Royal Caribbean, demand is strong, too; CEO Jason Liberty recalls the rough seas during the height of the pandemic, but underlines the travel and cruise resurgence. Plus, former President Trump has officially announced his bid for the White House in 2024, and NASA’s Artemis 1 mission heads to the moon! In this episode: Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie
Tue, November 15, 2022
Berkshire Hathaway Vice Chairman Charlie Munger, at 98, weighs in on the market’s latest hyped asset–and its collapse: crypto. As exchange FTX crumbles and its CEO faces regulatory and social scrutiny, Charlie Munger, a longtime partner and friend of Warren Buffett, compares this stock market story to all the ones he’s seen before. In an extended interview with Becky Quick, Munger considers the real value in the blockchain, examining the claim that bitcoin is the “new gold.” Plus, he might not tweet, but the seasoned billionaire has thoughts on Elon Musk and on Tesla, his “minor miracle.” In this episode: Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, November 14, 2022
Black Panther: Wakanda Forever breaks the box office , showing the second highest opening weekend of 2022 and grossing $180 million domestically. Endeavor CEO Ari Emanuel joins the team to give an update on the appetite for media content as many companies are tightening their spending; Emanuel also speaks to recent controversies of anti-Semitism from celebrities Kyrie Irving and Kanye West. The collapse of crypto exchange FTX continues to shock investors and possibly exposes founder Sam Bankman-Fried to criminal liability. Plus, President Biden meets with Chinese President Xi Jinping today to discuss the countries’ tumultuous relationship. The New York Times Foreign Affairs Columnist Thomas Friedman gives his take on the critically important relationship between the U.S. and China, China’s actions towards Taiwan and the possible future economic impact of intervention. Thomas Friedman, @tomfriedman Kayla Tausche, @kaylatausche Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, November 11, 2022
The consumer price index increased 0.4% for the month and 7.7% from a year ago. Joe, Becky, and Andrew discuss how the better-than-expected report prompted a market rally, and consider next steps for the Fed in its fight against inflation. New Jersey Governor Phil Murphy discusses the squeeze on consumers and the rising crime rates across the country. Crypto exchange FTX has filed for bankruptcy . After a tumultuous week in crypto, CEO Sam Bankman-Fried has stepped down. Plus, Elon Musk’s new Twitter Blue policy has proved confusing for tweeters, corporate and otherwise. In this episode: Phil Murphy @GovMurphy Eunice Yoon @onlyyoontv Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie
Thu, November 10, 2022
In a supersized episode, Becky Quick sits down with Nike co-founder Phil Knight for a rare interview. For the first time, Knight comments on Nike’s decision to cut ties with NBA star Kyrie Irving. The Oregon gubernatorial race is still too close to call; a proud Oregonian himself, Knight explains why he’s donated nearly $5 million combined to the Republican and Independent candidates, while Nike has publicly backed the Democrat candidate Tina Kotek. Once worth $32 billion, crypto exchange FTX is struggling to survive. SEC Chair Gary Gensler discusses regulators’ roles in protecting investors against the crypto collapse. Plus, an election update in Georgia: Senate candidates Democratic Sen. Raphael Warnock and Republican Herschel Walker are heading to a runoff in December. And, at the helm of Twitter, Elon Musk has nixed the blue check mark ! In this episode: Gary Gensler, @GaryGensler Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, November 09, 2022
As results for the U.S. midterm elections trickle in , Joe Kernen, Becky Quick, Andrew Ross Sorkin, and Ylan Mui discuss the tightest races and the value–and lack thereof–in polling. Former Senator Judd Gregg and President Obama’s former chief of staff Bill Daley consider what the results might tell us about the electorate’s biggest concerns. The biggest corporate stories might be moving the markets even more than politics: Disney’s big disappointment , Meta’s 11,000 laid off employees . A crypto drama is also affecting the wider markets: crypto exchange Binance has offered to buy out its rival FTX . Circle CEO and crypto expert Jeremy Allaire discusses whether FTX’s liquidity issues are simply one of many crypto dominos to fall, as well as the celebrities and star investors that got caught up in the FTX hype. In this episode: Jeremy Allaire, @jerallaire Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Ylan Mui, @ylanmui Katie Kramer, @Kramer_Katie
Wed, November 09, 2022
This special hosted by the Squawk Box crew hits on all the business topics at play in tonight’s midterm elections and how the results could impact your money. Guest lineup includes Scott Minerd, Dan Niles, former Commerce Secretary Carlos Gutierrez, Chamber of Commerce CEO Suzanne Clark, Former Fed Vice Chair Roger Ferguson, and much more.=
Wed, November 09, 2022
This special hosted by the Squawk Box crew hits on all the business topics at play in tonight’s midterm elections and how the results could impact your money. Guest lineup includes Scott Minerd, Dan Niles, former Commerce Secretary Carlos Gutierrez, Chamber of Commerce CEO Suzanne Clark, Former Fed Vice Chair Roger Ferguson, and much more.
Tue, November 08, 2022
Thousands of workers have been laid off across the tech industry, and employees are braced for another blow from Meta . Labor expert and consultant Jason Greer warns workers: if you’re worried, start working from your office. As recession looms and inflation pressures consumers, gaming might be taking a hit; Take-Two Interactive Software, game publisher and owner of Grand Theft Auto and NBA 2K, cited squeezed consumers and flagging demand in its disappointing quarterly results . Chairman and CEO Strauss Zelnick discusses engaged but financially-stressed gamers, a gamer’s expectations of the metaverse, and leisure indicators for the larger economy. Plus, Jeff Bezos, Jay-Z, and now Matthew McConaughey are reportedly exploring a bid to buy the Washington Commanders, and the Tyson Foods CFO is in hot water . And…it’s Election Day–go vote! In this episode: Jason Greer, @LaborDiversity Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, November 07, 2022
Layoffs are sweeping Silicon Valley. In a wide-ranging interview, Chairman of IAC and of Expedia Barry Diller comments on Meta’s layoffs and Mark Zuckerberg’s $30B bet on the metaverse, the midterm elections, TikTok’s stateside future (or lack thereof), and Netflix’s dominance in the streaming wars. The media mogul considers Elon Musk’s next move , and inflation’s squeeze on corporate bottom lines. Plus, Diller goes on the record about the Microsoft-Activision Blizzard acquisition that landed him in a federal investigation. In this episode: Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, November 04, 2022
Baron Capital CEO and Founder Ron Baron joins Becky Quick at the 29th annual Baron Conference, a gathering of Baron-invested businesses at Lincoln Center in New York City. The conference is back in person for the first time since 2019 celebrating 40 years since the fund was founded. They discuss the current volatility in the economy and actions by the Fed. Baron is also a big investor in Elon Musk and speaks more on Tesla, his purchase of Twitter and where he sees the companies going in the future. Plus, the U.S. reports 261,000 new jobs in October, beating expectations. Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Zach Vallese, @zachvallese
Thu, November 03, 2022
Billionaire investor Sam Zell warns of potential recession heading toward the U.S. in a lively discussion on the Squawk Box set in Times Square. The U.S. Federal Reserve continues its aggressive interest rate increase policy in 2022; Chairman Jerome Powell warned in his regular press conference that more economic pain is likely to come as the central bank wages an historic battle against inflation. And, admitting an addiction to Twitter is the first step… In this episode: Steve Liesman @Steveliesman Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie
Wed, November 02, 2022
The Biden Administration is highlighting the record high profits of big oil companies by proposing the implementation of a windfall profit tax . National Economic Council Director Brian Deese calls for gas companies to lower their prices and reduce the high margins they’re charging. However, the proposal for this tax remains controversial as the midterm elections approach. Plus, the Twitter soap opera’s latest episode: Axios’ Dan Primack on Elon Musk’s first few days as Chief Twit – questions of moderation, revenue, verification and keeping advertisers from heading to the door. In this episode: Brian Deese, @BrianDeeseNEC Dan Primack, @danprimack Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Zach Vallese, @zachvallese
Tue, November 01, 2022
Uber CEO Dara Khosrowshahi says that U.S. consumers are healthy and choosing to spend on services, like ride-sharing. The company reported third quarter financials today - and suffered a loss, but beat analysts’ expectations on revenue. Khosrowshahi is also confident on the business for the rest of the year due to booming travel, easing COVID restrictions and shifts in consumer spending. And, the Biden Administration is floating windfall profit taxes on the oil and gas industry due to record-high energy prices. Plus, the dogecoin gets another day. In this episode: Dara Khosrowshahi, @dkhos Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, October 31, 2022
The Elon Musk chapter at Twitter begins with a busy weekend of tweets, trolls, conspiracy theories and tentative changes to “blue-check” verified users’ experience. Walter Isaacson, with a Musk biography in the works, observed events first-hand and shares the tale of the weekend. So much for a spooky October for the markets; the Dow is on pace to have the best month since the 1970s disco era. And, workers at one of the world’s busiest iPhone factories fled the Foxconn facility over fears of a Covid lockdown. Former SEC Chair Jay Clayton describes the interconnected relationship the complicated U.S. supply chain retains with China. Plus, Happy Halloween! In this episode: Walter Isaacson, @WalterIsaacson Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, October 28, 2022
Elon Musk officially owns Twitter. $44 billion, and one soap opera later, the Tesla CEO has completed the deal to buy social media platform Twitter, and he’s already prompted some big changes to its executive leadership . After two consecutive quarters of big profits for oil companies, Exxon Mobil CEO Darren Woods joins the team to discuss global energy prices, geopolitics’ implications on the global oil market, and ESG’s impact on big oil’s bottom line. Crude oil has gone, in the last 2 years, from -$37.63 in April of 2020, to over $80 a barrel this week. Plus, CNBC’s Sharon Epperson reports on the asset that could be a safe haven from market volatility; they’re ibonds , and they’re currently in high demand. In this episode: Darren Woods, @exxonmobil Sharon Epperson, @Sharon_Epperson Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie
Thu, October 27, 2022
Facebook parent Meta reported disappointing quarterly results , prompting a plunge in its stock price. In spite of Wall Street’s doubters, CEO Mark Zuckerberg defended his investments in the metaverse to investors on the company conference call. As midterms creep closer, Ways and Means Committee Republican Leader Rep. Kevin Brady (R-TX) explains his party’s plans for the country, should they win the House. Plus, Credit Suisse is undergoing a big overhaul …to get smaller. The Swiss bank is building back from a client collapse; CNBC’s Geoff Cutmore reports the story, complete with money launderers, corporate spies, and an interview with Credit Suisse CEO. In this episode: Kevin Brady, @RepKevinBrady Geoff Cutmore, @GeoffCutmore Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie
Wed, October 26, 2022
Now that the “Davos in the Desert” has wrapped up in Riyadh, Representative Ro Khanna (D-CA) discusses America’s role in the global energy markets, and California’s plan for taxing residents, taxing tech, and taxing the oil companies. For the first time in Alphabet’s recorded history, YouTube’s revenue declined . The platform’s shrinking ad budget could be a warning for the rest of the industry. In other tech earnings reports, Microsoft beat analyst expectations but offered weak guidance, pointing to waning consumer interest. Visa’s CEO and CFO both told investors on the company’s quarterly call that consumer spending and employment are strong and stable, despite potential for a future recession. Plus, Chipotle mentioned waning traffic in its own report, as inflation pressures consumers. In this episode: Ro Khanna, @RepRoKhanna Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie
Tue, October 25, 2022
Comedian Hasan Minhaj has made his career off of his social commentary; an episode of his talk show “Patriot Act” was even removed by Netflix after a legal complaint from the Saudi government. His second Netflix special “The King’s Jester” is now streaming, poking fun at hedge funds as well as his own life, and he’s bringing his humor to Squawk. In a conversation spanning Yeezy and the Adidas decision to terminate its partnership with Kanye West, the United Kingdom’s new PM Rishi Sunak , and Saudi-U.S. relations. Plus, CNBC’s Dan Murphy reports from Riyadh as global investors convene for this year’s “Davos in the Desert.” In this episode: Hasan Minhaj, @hasanminhaj Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Cameron Costa, @CameronCostaNY
Mon, October 24, 2022
U.S. midterm elections are about two weeks away, and the biggest voting issue for the American public: the economy. A close second, according to NBC polling, is the preservation of American democracy . CNBC’s Ylan Mui explains the widespread concern about election integrity, and political strategist and pollster Frank Luntz urges both sides of the political aisle to stop their squabbling in the name of democracy. Luntz also issues a warning to markets and voters: midterm polling might be misleading. Plus, the Fed’s plan for interest rates is driving market volatility, Google is facing backlash over email management, President Xi Jinping is tightening his grip on power in China, and the UK’s new Prime Minister has been named: Rishi Sunak. In this episode: Frank Luntz, @FrankLuntz Ylan Mui, @ylanmui Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, October 21, 2022
NYC Mayor Eric Adams shares his plans for a “unified” solution to subway and street violence in New York, including a summit on public safety and criminal justice this weekend. The leader of the nation’s largest city discusses the challenges facing his leadership: New Yorkers’ safety anxiety, the thousands of asylum seekers who have arrived in the city as well as encouraging office workers to return to pre-pandemic commutes. After Elon Musk’s tweets about Russia and Ukraine, the Biden administration is reportedly considering putting the Tesla CEO and his businesses under national security reviews. Musk also made waves by telling investors he plans to layoff 75% of Twitter’s workforce if he takes ownership of the social media platform. Plus, Snap’s stock keeps sliding , and TikTok is denying a report that the platform’s parent has used data to track the physical location of users. And, cheese is delicious! In this episode: Eric Adams, @NYCMayor Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie
Thu, October 20, 2022
Major League Pickleball?! NBA star Kevin Durant and investor Rich Kleiman have purchased an MLP expansion team, and they’re set to compete in 2023. The investing team shares the appeal of pickleball teams , the upside financial potential, and the upcoming NBA season. Overseas, the UK is managing yet another shift of power with Liz Truss’s resignation , and here at home, Americans are gearing up for midterm elections. CNBC’s Steve Liesman shares the results of his All-America Survey , which reveal the most pressing concerns for the American public across political affiliations. Plus, Tesla has reported quarterly results as mixed as the Wall Streeters watching the company. CNBC’s Phil Lebeau explains the bull and bear case for Tesla and for Elon Musk. In this episode: Leslie Picker, @LesliePicker Steve Liesman, @SteveLiesman Phil Lebeau, @Lebeaucarnews Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie
Wed, October 19, 2022
It has been 35 years since the October 1987 Black Monday market crash, still the record for Wall Street’s worst single-day stock plunge: a 22.6% drop. Wall Street veteran and Merrill Wealth Management President Andy Sieg reflects on the lessons investors can glean from market history. State Department official, Special Presidential Coordinator for International Energy Affairs Amos Hochstein, discusses President Biden’s plan to release more crude oil from the U.S. Strategic Petroleum Reserve and the White House strategy to ease gas pricing pressures on American consumers. Plus, the IRS is answering inflation with changes to your tax bracket , and Netflix is taking a stand against excessive password-sharing…but how many shares are too many? In this episode: Amos Hochstein, @amoshochstein Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie
Tue, October 18, 2022
In an extended interview, Goldman Sachs CEO David Solomon discusses the bank’s planned reorganization , as well as how 2022’s market volatility has affected his company’s bottom line in its third quarter financial report . Solomon looks ahead to the “choppy markets” that could affect portfolios in the coming months, and considers the benefits of his bank’s return-to-office policy. Plus, UK Prime Minister Liz Truss faces national frustration with her leadership, and reportedly, President Biden’s preparing to sell oil from the U.S. emergency reserve . In this episode: David Solomon, @DavidSolomon Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, October 17, 2022
After President Xi Jinping delivered a speech at the Chinese Communist Party congress over the weekend, leaders and experts around the world are considering what his strategy to maintain power means for the balance of geopolitics around the globe. Member of the Council on Foreign Relations Michelle Caruso-Cabrera discusses the implications of Xi’s speech for the U.S. and for global markets, as well as the next chapter for a U.K. struggling with an energy crisis, falling pound, and leadership transition. Geopolitics have also taken hold in executive boardrooms in the U.S., shifting corporate strategy across industries. NYTimes bestselling author and famed critic of “woke” culture Vivek Ramaswamy argues that ESG initiatives and shareholder capitalism are doing more harm than good; however, Yale’s leadership expert Jeff Sonnenfeld insists that C-suite stances on social justice and the global balance of power are worthwhile. In a heated debate, the two corporate culture pundits spar over the many implications of America’s outspoken companies. Plus, Meta’s metaverse is low on traffic, and reorganizations could be en route for Fox and for Goldman Sachs . In this episode: Michelle Caruso-Cabrera @MCaruso_Cabrera Vivek Ramaswamy, @VivekGRamaswamy Jeff Sonnenfeld, @JeffSonnenfeld Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, October 14, 2022
In his new memoir “Up Close and All In: Life Lessons from a Wall Street Warrior,” former Morgan Stanley Chairman and CEO John Mack recounts his time leading the bank through the 2008 Financial Crisis, including the market and leadership strategies that earned him the nickname, “Mack the Knife.” Mack sits down in an extended interview with Andrew Ross Sorkin that turns personal: he opens up about his Dementia diagnosis, and his evolved definition of success. In this Episode: Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie
Thu, October 13, 2022
September’s Consumer Price Index data is out, and inflation is showing no signs of a slowdown , despite multiple Fed rate hikes. In a review of the monetary and fiscal policies the U.S. government has implemented to tame the economy, former Speaker of the House Paul Ryan considers this country’s timeline to recession, and which strategies will make a downturn worse. With so much inflation and market malaise, could I bonds be the risk-free asset investors need? In this episode: Paul Ryan, @SpeakerRyan Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, October 12, 2022
The British pound continues its volatile month as the Bank of England reportedly considers extending its emergency bond-buying program . Joe, Becky, and Andrew discuss the “gilts,” the latest comments from President Biden , Treasury Secretary Janet Yellen , and JPMorgan Chase CEO Jamie Dimon, and what global monetary and fiscal policies are doing for our economic outlook. Amazon is holding its second Prime Day of the year; VP of Amazon Prime Jamil Ghani shares some of the best deals of the 48 hour early access sale, as well as Prime Video’s biggest wins, including Thursday Night Football and “The Rings of Power.” Plus, The Rock is in Times Square, and Elon Musk is putting a price tag on “musk.” In this episode: Jamil Ghani, @jamilghani Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, October 11, 2022
As the markets waver amid concerns of an oncoming–or ongoing–recession, Joe, Becky, and Andrew consider the latest economic commentary from the likes of JPMorgan Chase CEO Jamie Dimon , investor Paul Tudor Jones, and Fed Vice Chair Lael Brainard. After 16 years of reporting on founders, startups, and tech, CNBC’s Julia Boorstin has woven together new research and 60+ interviews with female leaders for her new book, “When Women Lead: What They Achieve, Why They Succeed, and How We Can Learn from Them.” She shares how once-underestimated qualities in female leaders–like vulnerability and empathy–prove to be some of the most effective qualities in the C-suite. In a conversation about entrepreneur headwinds, funding flows, and leadership, Boorstin highlights how everyone can learn lessons from these women’s successes. Plus, CNBC’s Courtney Reagan reports on Piper Sandler’s semi-annual teen survey, including the demographic’s favorite trends and buying habits. (Spoiler: Crocs might only be cool for Gen Z.) In this episode: Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Julia Boorstin, @JBoorstin Courtney Reagan, @CourtReagan Katie Kramer, @Kramer_Katie
Mon, October 10, 2022
Ahead of Robin Hood’s annual Investors Conference, Robin Hood Foundation founder Paul Tudor Jones considers whether the U.S. economy is in a recession , the Federal Reserve’s role in getting us here, and Fed Chair Jay Powell’s plan to get us out. A billionaire hedge funder and legendary trader, Paul Tudor Jones weighs in on the crypto market and offers some macroeconomic perspective, explaining the market’s short term pain ahead of our economy’s long term gain. As a founder of the anti-poverty nonprofit Robin Hood and the ESG-tracking nonprofit JUST Capital, he addresses backlash against ESG and greenwashing, as well as the geopolitical risks facing our long-term prosperity. Plus, congratulations to former Fed Chairman Ben Bernanke ! In this episode: Paul Tudor Jones, @ptj_official Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, October 07, 2022
The Labor Department has reported that 263,000 jobs were added in September , and the unemployment rate fell to 3.5%. The numbers will likely encourage the Federal Reserve to stay the course, on their aggressive rate hike policy to curb inflation. In the aftermath of the OPEC+ decision to cut oil output by 2 million barrels a day, the U.S. is exploring an ease of its sanctions on Venezuela in an effort to both boost oil flows, ease domestic energy market pressures, and push Russia and Saudi Arabia out of South America. Former CNBC anchor and current member of the Council on Foreign Relations Michelle Caruso-Cabrera breaks down President Biden’s geopolitical strategy. Plus, President Biden has pardoned thousands of people convicted of marijuana possession , global investors remain concerned that Credit Suisse is having liquidity issues, and Elon Musk is working to avoid a trial with Twitter. In this episode: Tsedal Neely @tsedal Michelle Caruso-Cabrera @MCaruso_Cabrera Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, October 06, 2022
OPEC+, including Saudi Arabia and Russia, have decided to cut oil production by 2 million barrels a day. The decision puts pressure on a Europe already squeezed by an energy crisis and a conflict in Ukraine, and it could be interpreted as a snub to the Biden administration, which has been asking the Saudi Kingdom to ramp up production to ease pressure on the U.S. energy markets. CNBC’s Brian Sullivan, on the ground in Vienna for the announcement, deciphers the message OPEC and Russia are sending to the United States with their decision, and Rep. Ro Khanna (D-CA) offers a message that we as Americans could send back. Plus, the team unpacks the hairy details of getting a Twitter-Musk deal done, and Louisiana is firing back against ESG. In this episode: Ro Khanna, @RepRoKhanna Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Brian Sullivan, @SullyCNBC Cameron Costa, @CameronCostaNY
Wed, October 05, 2022
Elon Musk’s deal to buy Twitter is back on track–but questions remain. Can he afford it, and does he have the time to run it? CNBC’s wealth reporter Robert Frank maps out Musk’s financial ability to complete the deal, highlighting the $6 billion he’s still short. If he scrounges together the cash to succeed, Musk biographer Walter Isaacson considers whether Musk has the time to run the platform, and offers insights into the billionaire’s desire to own the platform in the first place. It might, he suggests, be to create a “super app”; CNBC’s China Tech Correspondent Arjun Kharpal discusses whether Musk could turn Twitter into a “super app” like China’s WeChat. In this episode: Walter Isaacson, @WalterIsaacson Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Arjun Kharpal, @ArjunKharpal Cameron Costa, @CameronCostaNY
Tue, October 04, 2022
After a bright start to the fourth quarter, Joe, Becky, and Andrew consider what’s driving the rally , whether it will last, and what the Fed might do in response. In KPMG’s new CEO survey, almost all 400 leaders included, the vast majority of them (91%) are expecting a recession in the next year, but even more of them (93%) are confident in the growth prospects for the U.S. economy. KPMG Chair and CEO Paul Knopp discusses the survey findings, including the biggest concerns weighing on the c-suite, and the biggest opportunities that executives envision on the horizon. CNBC’s Diana Olick reports on the hybrid work model’s impact on urban office space, just as Meta announced layoffs and an office closure in New York. Plus, Theranos founder Elizabeth Holmes is getting another hearing and Elon Musk is in hot water on Twitter. In this episode: Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Diana Olick @DianaOlick Cameron Costa, @CameronCostaNY
Mon, October 03, 2022
Kim Kardashian’s Instagram ad post about the EthereumMax token has cost her $1.26 million. SEC Chair Gary Gensler discusses the celebrity’s settlement with the regulator and explains why her post–and others from DJ Khalid and Steven Seagal–raised a flag that other celebrity ads do not. Concerns about whether Credit Suisse is on the brink of a “Lehman moment” have rocked the global banking industry. Andrew reports on the Swiss bank’s financial health and the fallout it could have on the rest of the financial ecosystem. Plus, Hurricane Ian has claimed dozens of lives, and as one of the biggest storms to ever hit the U.S., its path is costing residents and insurers millions, from South Carolina down to Florida. Property and casualty insurance analyst from KBW Meyer Shields discusses the widespread damage, and offers tips for maintaining water supply and building safety for those returning home for the recovery. In this episode: Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, September 30, 2022
Joe, Becky, and Andrew recap a long, turbulent month and quarter for the markets as we head into the fourth quarter. Investor, founder of Evercore, and former U.S. Treasury official Roger Altman discusses whether the Fed’s policies will have a hard or a soft landing, and Altman considers whether in two years, we’ll be in an economic recession or recovery. A text thread between Elon Musk and Jack Dorsey has revealed the friendships and strains behind the scenes of Musk-Twitter Soap Opera. Plus, Andrew’s won an Emmy ! In this episode: Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, September 29, 2022
Legendary investor Stanley Druckenmiller warned Wall Street of a gloomy market future at CNBC’s Delivering Alpha Investors Summit. Joe breaks down his Druckenmiller interview with Becky, and they weigh the pros and cons of Federal Reserve policy. Despite a gloomy start, the rest of this episode is uplifting, literally. AOL founder Steve Case discusses his new book, “The Rise of the Rest,” and how supporting entrepreneurs in unexpected places could push America’s innovation forward. The pandemic has forced a reevaluation of city life, commutes, and wealth disparity; Case says that one key to unity and to a bright business future is backing startups between the major hubs that already exist. Plus, September is brain aneurysm awareness month. CNBC’s Sharon Epperson reports on a personal and personal finance story; how the 1 in 4 American adults living with disabilities plan for their financial futures, and the vibrant community that supports them along the way. She highlights Daniel Trush, who founded Daniel’s Music Foundation after surviving a brain aneurysm rupture. The group builds on music therapy, bringing light to a community of New York area adults living with disabilities. For more information about Daniel’s Music Foundation, visit danielsmusic.org and to find resources for survivors of brain aneurysms, go to bafound.org . In this episode: Daniel Trush, @DanielsMusicFdn Steve Case, @SteveCase Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Sharon Epperson, @Sharon_Epperson Katie Kramer, @Kramer_Katie
Wed, September 28, 2022
Joe Kernen and Becky Quick are on site at CNBC’s 2022 Delivering Alpha Investors Summit , where they interview Muddy Waters CIO Carson Block about his firm’s short-selling thesis, his mission to call out fraudulent businesses, and the difference between “fake” and “real” ESG companies. CNBC’s Jim Cramer and David Faber join to discuss the Fed’s fight against inflation, and global threats to the markets–including Russia’s offensive in Ukraine and the Bank of England’s big bond buy . Plus, protests, internet blackouts, and violence rock Iran as citizens challenge the country’s morality police. Senior Fellow at the Carnegie Endowment for International Peace Middle East Program Karim Sadjadpour discusses internet access and Elon Musk’s Starlink activation in Iran amid the unrest. In this episode: Karim Sadjadpour, @ksadjadpour Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Jim Cramer, @jimcramer David Faber, @davidfaber Cameron Costa, @CameronCostaNY
Tue, September 27, 2022
Ark Invest CEO and Chief Investment Officer Cathie Wood discusses her newest launch: a venture firm for private investments, open to non-accredited investors. As international currencies like the British pound, South Korean won, Japanese yen, and euro all fall weaker against the dollar , Wood shares her firm’s perspective on recession and inflation. A famed tech investor, Wood explains her bullish five-year thesis on Tesla. Plus, mortgage rates keep going up, and three men are answering for a $100 million deli scheme in New Jersey. In this episode: Cathie Wood, @CathieDWood Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @Andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, September 26, 2022
Are we on the wrong path in the fight against inflation? Wharton Business School professor Jeremy Siegel criticizes the Federal Reserve and its chairman, Jerome Powell, saying the U.S. central bank is moving too aggressively to fight inflation and will hurt American workers in the process. The British pound falls to historic lows against the U.S. dollar, sparking currency concerns around the globe. Plus, the new fee that car dealerships are trying out on auto lease consumers. In this episode: Phil Lebeau, @Lebeaucarnews Melissa Lee, @MelissaLeeCNBC Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Fri, September 23, 2022
A rough week ends on Wall Street as markets take a dive and bond years are surging. Why? Becky Quick and Melissa Lee take a closer look at the investor worries and the wonky numbers driving the market downturn. This comes after the Federal Reserve announced it will be raising interest rates 75 basis points. CNBC’s Steve Liesman explores the market reaction to the Fed’s decision and its global impact. Plus, Boeing has agreed to pay $200 million to settle charges over the two deadly crashes from its 737 Max jetliners. CNBC’s Phil Lebeau breaks down what this means for the plane manufacturer. And Ellevest CEO Sallie Krawcheck shares data from the Women’s Financial Health Index and sheds more light on how women invest and what they’re worried about. Steve Liesman, @SteveLiesman Sallie Krawcheck, @SallieKrawcheck Phil Lebeau, @Lebeaucarnews Becky Quick, @BeckyQuick Melissa Lee, @MelissaLeeCNBC Katie Kramer, @Kramer_Katie
Thu, September 22, 2022
“Software plus heroism can really slay the giant,” Palantir CEO Alex Karp tells Andrew Ross Sorkin and Becky Quick in his analysis of how big data and technology have changed modern warfare. Karp is carefully watching Russia’s first military mobilization since World War II and the ongoing crisis in Ukraine; he thinks that countries around the world are taking notice of the new global order. The Federal Reserve has raised its benchmark interest rate 75 basis points and the world’s central banks are moving similarly, working aggressively to combat inflation. Former Federal Reserve Vice Chair Roger Ferguson discusses the road ahead for Fed Chair Jay Powell and offers perspective on the market reaction. The CEOs of the nation’s largest consumer banks faced Congressional questioning this week; some financial leaders say they don’t plan to use the new merchant code classification for firearms purchases. And Disney heiress Abigail Disney is taking on inequality inside the company her grandfather founded – she discusses how her viral comments on Squawk Box led to her advocacy. In this episode: Alex Karp @PalantirTech Abigail Disney @abigaildisney Becky Quick @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, September 21, 2022
Patagonia’s founding family is redirecting their billions to fight climate change and preserve our Earth; the move has sparked conversation about ‘woke capitalism’ and a company’s impact on the world, versus its return to shareholders. Patagonia CEO Ryan Gellert discusses his predecessor’s choice to “make Earth its only shareholder,” and whether the drastic move will really make a difference. Axios co-founder Mike Allen discusses former President Trump’s strategy for announcing another run for office, President Biden taking a hard line against Russia , and his new book on succinct journalism, ‘Smart Brevity.’ Plus, Europe’s energy crisis is threatening small businesses, and a new study shows, anxiety strikes all ages. In this episode: Ryan Gellert, @Patagonia Mike Allen, @mikeallen Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, September 20, 2022
Investors are bracing for the Federal Reserve Open Market Committee meeting this week, ready for another policy announcement to curb inflation. Workers are returning to the office, but surveys show that in-person attendance is down, compared to pre-pandemic levels. New Jersey Governor Phil Murphy discusses the impact of New York’s return-to-office push on the Garden State commuters and taxpayers. New York Times reporter Kate Kelly details the in-person trends on Wall Street, the waves of layoffs still to come, and what’s likely to be a meager bonus season. Plus, Beyond Meat’s COO has been arrested for allegedly biting a fellow sports fan’s nose, and Amazon has scored an NFL touchdown–virtually. In this episode: Kate Kelly @katekelly Governor Phil Murphy, @GovMurphy Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, September 19, 2022
In an interview over the weekend, President Biden discussed his plans for battling inflation and the American strategic response to Chinese aggression in Taiwan . Today, former SEC chair Jay Clayton responds to the President’s comments on the economy; instead of talking about rates of inflation and statistics, Clayton urges economists and lawmakers to start speaking in terms of the prices that Americans are paying for basic needs. Abroad, Presidents Putin and Xi are testing the strategic partnership between Russia and China. Former CNBC anchor and current member of the Council on Foreign Relations Michelle Caruso-Cabrera discusses the meeting between both leaders in Uzbekistan and the role both countries play in the global balance of power. In this episode: Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Michelle Caruso-Cabrera @MCaruso_Cabrera Katie Kramer: @Kramer_Katie
Fri, September 16, 2022
The Biden Administration, railroad companies and labor unions are sharing credit for averting a potentially expensive strike. Transportation Secretary Pete Buttigieg discusses the close call, as well as the shadow persistent inflation cast on the negotiations and on the White House’s efforts to celebrate recent legislative wins. The stock markets were headed toward another down week as corporate leaders sound alarm bells for a potential recession. FedEx CEO Raj Subramaniam told CNBC the company is aggressively cutting costs following weaker global shipping volumes and that economic conditions are so weak we could be headed right into a global recession . That follows the conversation Joe Kernen, Becky Quick and Andrew Ross Sorkin had yesterday with investor Barry Sternlicht, who also had a grim warning. Plus, Patagonia’s founder says goodbye to the billionaire’s list, Amazon kicks off its NFL coverage and a record set for a jersey Michael Jordan wore to his “ Last Dance .” In this episode: Pete Buttigieg: @ SecretaryPete Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer: @Kramer_Katie
Thu, September 15, 2022
In an extended interview, Starwood Capital Chairman and CEO Barry Sternlicht warns that the economy is slowing, and considers what August’s hot inflation data could mean for the Federal Reserve’s next rate hike decision. The real estate mogul and investor discusses the current labor market, including wage pressures on the economy and the corporate push to return to in-person offices. Plus, in an eleventh hour deal, the Biden administration negotiated a stop to the planned railroad strike . In this episode: Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer: @Kramer_Katie
Wed, September 14, 2022
Markets have their worst day since June 2020 following worse than expected inflation data. Squawk Box anchors Joe Kernen, Becky Quick and Andrew Ross Sorkin hit the impact of inflation on investors, the housing market, and the outlook for the Fed’s next interest rate decision. Members of Congress can buy and sell stocks with few restrictions, The New York Times’ Kate Kelly reports on the paper’s exhaustive analysis of lawmakers and their family members’ trades. Plus, Twitter’s whistleblower Peiter Zatko tells the Senate Judiciary Committee about security flaws he saw at the social media company and Softbank is considering raising a third “Vision Fund” Kate Kelly @katekelly Eamon Javers @EamonJavers Diana Olick @DianaOlick Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @ZachVallese
Tue, September 13, 2022
Inflation in August rose more than economists were expecting, and the markets are reacting poorly. CNBC’s Steve Liesman, former Acting CEA Chair Tyler Goodspeed, and JPMorgan’s Meera Pandit discuss the repercussions of this data for the Fed’s next rate hikes and the labor market, in September and beyond. Millions of Americans are headed back to in-office work this week, and Walter Isaacson says, it’s about time. The Tulane professor discusses the shift in employer-employee negotiations. Isaacson is also in the middle of writing an Elon Musk biography; he compares this brilliant mind with other brilliant minds, contemporary and historical. He, Joe Kernen, Becky Quick, and Andrew Ross Sorkin consider how the Twitter whistleblower’s testimony will affect Elon Musk’s deal to buy the platform–or rather, his effort to get out of it. Plus, negotiators are trying to avoid a railroad strike . In this episode: Walter Isaacson, @WalterIsaacson Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Steve Liesman, @SteveLiesman Zach Vallese, @ZachVallese
Mon, September 12, 2022
77% mass shootings in America were committed with guns bought legally, the majority with credit cards. Four years ago in columns for The New York Times , Andrew Ross Sorkin suggested that credit card companies have the power to help spot dangerous patterns in U.S. firearms sales by categorizing gun purchases the same way retailers categorize transactions at hair salons, and movie theaters. Earlier this year Amalgamated Bank, a union-owned U.S. bank driven by social responsibility, proposed that financial institutions use a new merchant code specifically for guns ; now, CEO Priscilla Sims Brown discusses the proposal’s success and the decision from Mastercard and Visa to implement that code. Plus, President Biden is looking to curb U.S. chip shipments to China even further, and billionaire activist investor Dan Loeb has changed his mind about Disney–ESPN should stay. In this episode: Priscilla Sims Brown, @AmalgamatedBank Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer: @Kramer_Katie
Fri, September 09, 2022
In Ohio, Intel is breaking ground at the sites of its two new semiconductor factories, marking a major shift in American manufacturing . Intel CEO Pat Gelsinger discusses the pivotal moment for the US chip industry, and why the factories in America’s heartland will boost national security. As the markets await Fed Chair Jay Powell’s next announcement later this month, Becky Quick, Joe Kernen, Andrew Ross Sorkin, and Steve Liesman break down the Fed’s aggressive policies to combat inflation, under Powell and his predecessors. In an extended interview, former Vice Chair of the Federal Reserve Richard Clarida discusses his own role in the Fed’s legacy, the likelihood of imminent recession, and whether the markets should believe in the Fed. Plus, Britain’s longest-serving monarch has died at age 96. We remember the historic reign of Queen Elizabeth II and her seven decades of leadership with former Hearst executive Joanna Coles. In this episode: Joanna Coles , @JoannaColes Pat Gelsinger, @PGelsinger Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Steve Liesman, @SteveLiesman Kristina Partsinevelos, @KristinaParts Katie Kramer: @Kramer_Katie
Thu, September 08, 2022
Apple has announced its new suite of products , from earbuds to phones and watches. It may look like the company hasn’t hiked prices in the US, but CNBC’s Jon Fortt explains, it’s all in the marketing. As employees across the country head back to the office, former SEC Chair Jay Clayton and investor and entrepreneur Kevin O’Leary discuss the WFH options now expected from existing talent and new workers. CNBC’s Steve Liesman crunches the numbers on long Covid’s long impact on our economy and workplace productivity. Plus, Bob Iger almost bought Twitter for Disney, and China is extending its Chengdu lockdown. In this episode: Kevin O’Leary, @kevinolearytv Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Jon Fortt, @jonfortt Katie Kramer: @Kramer_Katie
Wed, September 07, 2022
Starbucks founder and longtime on-and-off CEO Howard Schultz is finally, officially, handing over the chain’s reins to a new CEO: Laxman Narasimhan . Andrew Ross Sorkin sits down with both in Seattle and discusses Starbucks leadership and culture, inflation, China, and labor unions over a “not cheap” cup of coffee. Plus, Meta is gearing up to release some next gen technology, Russia is tightening its literal power grip, and the markets are hitting all kinds of highs–and lows. In this episode: Howard Schultz, @HowardSchultz Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer: @Kramer_Katie
Tue, September 06, 2022
OPEC+ has announced a cut to production, surprising an already shocked global energy system. Russia has shut down oil flows to Europe through Nord Stream Pipeline 1, indefinitely. State Department official, Special Presidential Coordinator for International Energy Affairs Amos Hochstein, discusses energy geopolitics amid Europe’s deepening crisis. The United Kingdom has a new Prime Minister in Liz Truss , and CVS is buying home health giant Signify. Plus, the two highest-paid influencers on TikTok are Gen Z sisters; the dad and manager of Charli and Dixie D’Amelio, Marc D’Amelio, discusses the six-figure payouts per social media posts, his family’s new business venture, and leveraging TikTok’s algorithm for income. In this episode: Marc D’Amelio, @marcdamelio Amos Hochstein, @amoshochstein Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer: @Kramer_Katie
Fri, September 02, 2022
The Labor Department released the number of American jobs added in August: 315,000. Only slightly below expectations, CNBC’s Steve Liesman and former CEA member Tyler Goodspeed consider what the report means for the Federal Reserve’s next rate hike. According to a new study by a group of professors, commission-free trades might not be free. UCLA Irvine Professor Christopher Schwartz explains the study, the fee and payout discrepancies between brokerages, and shares the best and the worst firms for retail trader pockets. As offices across the U.S. gear up for a reunion, China is locking down over 21 million people because of 700 covid cases. Former FDA Commissioner Dr. Scott Gottlieb discusses the difference between our approaches to public health, and shares which vaccines we should be getting–and when we should get them. Plus, Starbucks has named Howard Schultz’s successor , and Lululemon delivered a strong quarterly performance. In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Becky Quick @BeckyQuick Mike Santoli @michaelsantoli Steve Liesman, @SteveLiesman Cameron Costa, @CameronCostaNY
Thu, September 01, 2022
In an extended interview, Carlyle Group co-founder David Rubenstein discusses his new book, "How to Invest: Masters on the Craft,” featuring his own interviews with the world’s best investors, including Larry Fink, Ron Baron, Sam Zell, Mary Callahan Erdoes, Ray Dalio, Stan Drunkenmiller, and John Rogers. As markets digest rate hikes from the U.S. Federal Reserve, a new lockdown in China , and Europe’s ongoing energy crisis, Rubenstein offers his best bets at this point in the cycle: health care, fintech, and blockchain. Plus, CNBC’s Eunice Yoon reports on the Chengdu lockdown from Beijing, and Microstrategy Chair Michael Saylor is facing tax evasion allegations . In this episode: David Rubenstein, @DM_Rubenstein Eunice Yoon, @onlyyoontv Becky Quick @BeckyQuick Melissa Lee: @MelissaLeeCNBC Cameron Costa, @CameronCostaNY
Wed, August 31, 2022
Majority state-owned Russian Gazprom has shut down gas flows through Nord Stream 1 pipeline, an energy lifeline for much of Europe. CNBC’s Joumanna Bercetche reports on the evolving crisis abroad. Stateside, Vivek Ramaswamy, founder of Strive Asset Management, and Christy Goldfuss, a former Obama energy official now at the Center for American Progress discuss energy politics and ESG investments at home and in Europe. CNBC’s Phil LeBeau reports on another energy story here at home: hydrogen fuel cells and the future of transportation. Plus, Snap and Bed Bath & Beyond are leaning on layoffs and business trims to stay afloat. In this episode: Vivek Ramaswamy, @VivekGRamaswamy Christy Goldfuss, @christygoldfuss Joumanna Bercetche, @CNBCJou Phil LeBeau, @Lebeaucarnews Melissa Lee, @MelissaLeeCNBC Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Tue, August 30, 2022
Kyle Bass, founder and CIO of the global events-focused hedge fund Hayman Capital Management, discusses Europe’s energy crisis , China’s tenuous path forward, and how both are affecting his portfolio strategy. As employees gear up for a employer-mandated return to the office, Korn Ferry’s Alan Guarino and journalist and Yale lecturer Joanne Lipman discuss politics, power, and pressures of a 2022 workplace. Plus, Tesla is in the crosshairs of a labor debate , Peloton’s lost its trading momentum, and California’s trying to change the game for fast food. In this episode: Kyle Bass, @Jkylebass Joanne Lipman, @joannelipman Melissa Lee: @MelissaLeeCNBC Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Mon, August 29, 2022
After Fed Chair Jay Powell spooked the markets with his comments in Jackson Hole, Joe Kernen, Mike Santoli, and Hightower’s Stephanie Link consider the next moves for the markets as the central bank fights inflation . Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, Cambridge, shares his perspective on Powell’s aggressive policies to curb inflation. Plus, NASA’s Artemis I is eyeing the moon! The launch–when/if it happens–will be a crucial step in humankind’s first return to the moon in over 50 years. Chief astronomer at the Franklin Institute Derrick Pitts explains what scrubbed the Artemis I launch, as well as the likelihood of extraterrestrial life and humans on Mars. In this episode: Mohamed El-Erian @elerianm Stephanie Link, @Stephanie_Link Derrick Pitts, @CoolAstronomer Mike Santoli @michaelsantoli Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Fri, August 26, 2022
At this year’s Jackson Hole meeting Federal Reserve Chair Jay Powell has assured the U.S. that the central bank will continue hiking interest rates to ease inflation, even if it prompts an economic slowdown. Jason Furman, former chair of President Obama’s Council of Economic Advisors and a speaker at that same Jackson Hole meeting, discusses the various players working to lower inflation: the Fed, the Biden Administration, and Congress. Furman and Steve Liesman consider the labor market and the student loan forgiveness plan that’s concerned many investors. Next week kicks off one of New York’s biggest sporting events, the US Open. USTA CEO Lew Sherr discusses the players hitting the tennis court and the ones sitting out. Plus, CNBC’s Courtney Reagan reports on the “lipstick indicator,” the metaverse is getting a few updates from Williams Sonoma and from Mark Zuckerberg. In this episode: Jason Furman, @jasonfurman Lew Sherr, @usta Courtney Reagan, @CourtReagan Steve Liesman, @SteveLiesman Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Thu, August 25, 2022
The legendary buy-and-hold investor says there has never been a better time to buy stocks and invest in the U.S. markets. In an extended interview, the Baron Capital Chairman and CEO said he’s been picking up bargains since the market rebounded from a June low point. Baron correctly called the comeback in stocks and now he is sharing what he’s been buying: growth companies that hedge against inflation. Plus, the Biden administration’s plan for student loan forgiveness brings back discussions of moral hazard that Joe Kernen, Becky Quick and Andrew Ross Sorkin have been having since the Great Financial Crisis. And, delays at the multiplex - Warner Bros reshuffles movie release dates Joe’s assigned reading to listeners: Nobody Knows How Interest Rates Affect Inflation Student Loan Forgiveness: Check if you Qualify In this episode: Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer: @Kramer_Katie
Wed, August 24, 2022
President Biden’s student loan forgiveness plan has alarmed investors who worry that the policy will be inflationary for our economy. Senator Patrick Leahy (D-VT), the Senate’s longest-serving lawmaker and the body’s president pro tempore, explains how the forgiveness will work, and what the limitations will be. As he reflects on his retirement and on the future of the United States, airing his concerns about our trajectory as a nation. As markets continue their volatile summer, Joe, Becky, and Andrew are reunited to break down the latest moves and market jitters ahead of this week’s Fed meeting. Twitter has a leak, and the whistleblower’s allegations might just help Elon Musk. Plus, Becky and Joe share their family pet affections with Petco CEO Ron Coughlin, who insists, despite the “WOOF” stock ticker, his team doesn’t play favorites. In this episode: Ron Coughlin, @RCoughlinPetco Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer: @Kramer_Katie
Tue, August 23, 2022
Markets suffered the worst day since June as investor confidence wavers ahead of the Federal Reserve’s annual meeting in Jackson Hole. Joe Kernen and Andrew Ross Sorkin break down the rough trading day and Wall Street’s expectations for the rest of this week; Morgan Stanley’s Chief Investment Officer Mike Wilson offers some perspective on the likelihood of a full-blown recession, as well as earnings reports for the rest of 2022. In China, the central bank has cut rates again as the country’s persistent Covid lockdowns take a toll on its economy . International policy analyst Dewardric McNeal discusses the balance between public health and economic growth. Also in China, the CCP is facing a political reshuffle as its 20th national congress approaches; CNBC’s Eunice Yoon offers some insight on how domestic politics are affecting international influences–like ‘Minions’--in China. Plus, Elon Musk is asking former Twitter CEO Jack Dorsey for help in getting out of buying the platform, and “House of the Dragon” has given HBO its biggest premiere ever. In this episode: Eunice Yoon, @onlyyoontv Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer: @Kramer_Katie
Mon, August 22, 2022
In the latest chapter of meme stock mania, AMC’s shares are tanking , and the company is getting creative to raise capital . As Americans await a potential decision on the Biden administration’s student loan forgiveness , CNBC’s Sharon Epperson reports that many fear the policy could worsen inflation. Cryptocurrencies may be as volatile as ever, but investor and bull Anthony Scaramucci considers Larry Fink’s and BlackRock’s change of heart on the asset to be a good sign for the entire industry. Plus, HBO has a lot riding on its new series, “House of the Dragon,” Julia Boorstin reports. In this episode: Anthony Scaramucci, @Scaramucci Sharon Epperson, @Sharon_Epperson Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer: @Kramer_Katie
Fri, August 19, 2022
The NYC MTA is low on ridership and on revenue, but Chair and CEO Janno Lieber says he has a plan to boost both and restore trust in the safety of public transit. The Big Ten has sealed its 7 year, $7 billion TV deal, marking the biggest annual deal for any college sports league. Sports business executive George Pyne unpacks the giant payout and what it means for the league’s student players. Plus, the Bed Bath & Beyond carnage keeps coming for the company and its traders, and Starbucks has begun its restructuring. In this episode: Janno Lieber, @MTA George Pyne, @GFPyne Melissa Lee: @MelissaLeeCNBC Andrew Ross Sorkin, @andrewrsorkin Katie Kramer: @Kramer_Katie
Thu, August 18, 2022
After internally reviewing its own response to the covid-19 pandemic, the CDC has concluded, there’s room for the agency to improve. Director Rochelle Walensky has announced her plan to restructure the CDC , and in so doing to improve future responses and to rebuild public trust in the organization. Dr. Scott Gottlieb examines the road ahead for the CDC and Washington’s role in improving it. While Wall Street and Twitter still reel from the latest Elon Musk antics, biographer and Tulane professor Walter Isaacson details the little-seen side of the quirky billionaire; as he writes Musk’s biography, Isaacson reveals that there’s much more to Tesla’s CEO than his tweets. Plus, we’re decrypting the Federal Reserve’s July minutes and unpacking the roller coaster trades for Bed Bath & Beyond and other meme stocks this week. In this episode: Walter Isaacson, @WalterIsaacson Dr. Scott Gottlieb, @ScottGottliebMD Becky Quick @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer: @Kramer_Katie
Wed, August 17, 2022
Bed Bath & Beyond, AMC, and Gamestop are all swept up in a revival of meme stock trading ; tastytrade founder and Co-CEO Tom Sosnoff discusses the recent meme stock surges. After President Biden signed the Inflation Reduction Act into law, Director of the White House National Economic Council Brian Deese shares the intended impact of the legislation for Americans’ health care costs and greener living. Also in politics, Liz Cheney is considering her next move in her mission to support disillusioned Republicans. Plus, childcare workers including educators have either switched jobs or left their professions permanently. USAFacts President Poppy MacDonald unpacks the data that explains why teachers are quitting at a higher rate than other workers. In this episode: Tom Sosnoff, @tastytrade Poppy MacDonald, @PoppyMacD Brian Deese, @BrianDeeseNEC Becky Quick @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer: @Kramer_Katie
Tue, August 16, 2022
: Walmart reported better than expected earnings this quarter, but its profits are still under pressure. CNBC’s Courtney Reagan and Refinitiv’s Jharonne Martis examine the report and what it reveals about inflation and today’s consumers. The U.S. education system is short hundreds of thousands of teachers and support staff, according to estimates. President of Purdue University Mitch Daniels discusses why, after teaching through a global pandemic, many educators have left the profession, and fewer are signing up. Easing gas prices at the pump might be offset by high home energy prices this winter ; in the EU, some are paying up to 500% more to heat their homes. Plus, Apple is bringing its employees back to the office, and Wall Street Billionaires like Warren Buffett, David Tepper , and Dan Loeb are making big portfolio swaps. In this episode: Jharonne Martis, @JharonneMartis Mitch Daniels, @purduemitch Courtney Reagan, @CourtReagan Becky Quick @ BeckyQuick Brian Sullivan, @SullyCNBC Katie Kramer: @Kramer_Katie
Mon, August 15, 2022
Markets are looking less and less like a recession, according to CNBC’s senior economics reporter Steve Liesman. He, Mike Santoli, and Becky Quick explain the rebound in stocks and in jobs data that has assuaged many investor concerns. Former FDA Commissioner Dr. Scott Gottlieb offers a rundown of the latest health news, including the recent discovery of polio in New York City sewage , the CDC’s updated covid guidelines, and national vaccination rates for both viruses. CNBC’s Eamon Javers reports on the alarming backlash against federal law enforcement in the aftermath of the FBI’s Mar-a-Lago search . Plus, China’s economy has hit a speedbump, and oil giant Saudi Aramco has reported record quarterly profits, larger than Apple’s or Exxon Mobil’s. In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Eamon Javers, @EamonJavers Becky Quick @ BeckyQuick Steve Liesman, @SteveLiesman Mike Santoli, @michaelsantoli Cameron Costa, @CameronCostaNY
Fri, August 12, 2022
As the House prepares for a vote on the Inflation Reduction Act, Representative French Hill (R-AR) discusses the pivotal 15% tax on large corporations as well as the 1% excise tax on corporate buybacks . While Rep. Hill will likely vote against the legislation in part because of these proposed changes to the tax code, billionaire investor Mark Cuban calls into the show with a different perspective. For ordinary investors and for companies, the Mavericks owner and entrepreneur says, “Dividends become a better way of putting money in your shareholder's pockets." In this episode: Mark Cuban, @mcuban Rep. French Hill, @RepFrenchHill Melissa Lee: @MelissaLeeCNBC Brian Sullivan, @SullyCNBC Katie Kramer: @Kramer_Katie
Thu, August 11, 2022
Disney is raking in streaming subscribers, but it’s still hiking the price for Disney+ . Gas prices may be on the decline , but inflation is still front and center for the Federal Reserve and Wall Street investors; CNBC’s Steve Liesman breaks down the market’s reaction to the latest inflation data, and political strategist and pollster Frank Luntz offers a rhetorical analysis for President Biden’s comments on inflation to the American people. Then, we zoom out: Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, Cambridge paints the big economic picture of inflation, both stateside and abroad, and considers the paths forward for the Fed. In this episode: Mohamed El-Erian @elerianm Frank Luntz, @FrankLuntz Steve Liesman, @SteveLiesman Andrew Ross Sorkin: @andrewrsorkin Melissa Lee: @MelissaLeeCNBC Katie Kramer: @Kramer_Katie
Wed, August 10, 2022
Elon Musk sold nearly $7 billion worth of Tesla shares, just in case the courts mandate he follow through with his deal to buy Twitter. As a part of the Inflation Reduction Act the IRS will receive an $80 billion investment , but Sen. Tim Scott (R- SC) says it won’t help inflation, and it will unfairly impact the average American. The author of “America: A Redemption Story” shares his personal American story and details why he voted against the bill in the Senate. And layoffs could be coming to a Wall Street bloated with pandemic hires. Lydia Moynihan from the New York Post and CNBC’s Hugh Son break down the job (and bonus) cuts ahead for bankers as firms look to reduce costs. Plus, a loss for well-paid golfers, and Sweetgreen’s future is looking a little less sweet, and a little less green. In this episode: Andrew Ross Sorkin: @andrewrsorkin Melissa Lee: @MelissaLeeCNBC Katie Kramer: @Kramer_Katie Sen. Tim Scott: @SenatorTimScott Hugh Son @Hugh_Son Lydia Moynihan: @LJMoynihan
Tue, August 09, 2022
The FBI searched Mar-a-Lago , former President Donald Trump’s resort home in Palm Beach, Florida, escalating federal law enforcement scrutiny on Trump and sparking drama on both sides of the political aisle. CNBC’s Eamon Javers breaks down the unprecedented action by the FBI in search of classified National Archives-related materials. President Biden signed the bipartisan CHIPS act into law today, marking a huge win for the semiconductor industry and directing tens of billions of dollars towards manufacturing and $200B to research. National Economic Council director Brian Deese equates the legislation to the “decade-long investment to put a man on the moon.” Plus, retail investors are reentering the market as it shows signs of rallying. Could there be another meme stock surge or will investors get left holding the bag again? SoFi’s Liz Young and WSJ’s Gunjan Banerji deliberate. In this episode: Brian Sullivan, @SullyCNBC Kayla Tausche, @kaylatausche Gunjan Banerji, @GunjanJS Liz Young, @LizYoungStrat Eamon Javers, @EamonJavers Katie Kramer, @Kramer_Katie
Mon, August 08, 2022
In a tight vote after a weekend vote-a-rama, the Senate passed the Inflation Reduction Act , sending the legislation to the House. Brian Sullivan and Ylan Mui discuss the climate, health care, and tax bill as a “zombified” Build Back Better bill, and White House CEA member Jared Bernstein explains how the Democratic party envisions its impact on inflation, American families, and corporate players. Plus, workers are returning to the office en masse–or are they? Harvard Business School professor Tsedal Neeley and “employee whisperer” Jason Greer discuss the expectations from both employees and employers as the extended WFH season comes to a close. In this episode: Tsedal Neely @tsedal Jason Greer, @LaborDiversity Jared Bernstein, @econjared Ylan Mui, @ylanmui Brian Sullivan, @SullyCNBC Andrew Ross Sorkin, @Andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, August 05, 2022
President Biden is set to sign the Chips and Science Act, aimed to support US semiconductor manufacturing. Senator Maria Cantwell (D-WA) discusses the bipartisan effort to boost US competitiveness with China and other major chips producers. Also in Washington, Senator Kyrsten Sinema (D-AZ) has finally signed off on the Inflation Reduction Act, the Democrats’ reconciliation bill that includes hundreds of billions of dollars in spending on climate, health care initiatives. CNBC’s Ylan Mui reports that her support could cement the votes needed to pass the bill; the “vote-a-rama” starts this Saturday, so the Senate will be working through the weekend. The Biden administration has declared monkeypox a national health emergency , and former FDA Commissioner Dr. Scott Gottlieb answers questions about its spread, its virulence, and the health system’s path forward. Plus, Visa CEO Al Kelly has issued a statement on the MindGeek child pornography lawsuit, and Warner Bros. Discovery hosted its first earnings call since its merger. In this episode: Sen. Maria Cantwell, @SenatorCantwell Ylan Mui, @ylanmui Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @Andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, August 04, 2022
Gas prices may have peaked for now, but the road to lower inflation is long. Transportation Secretary Pete Buttigieg discusses the U.S. energy economy and the giant inflation reduction act crafted by Senate Democrats. Pro golfer Phil Mickelson and ten of his co-competitors have filed an antitrust lawsuit against the PGA after their participation in the Saudi-backed LIV tournament prompted suspensions from the PGA Tour. Tom Cruise’s performance in “Top Gun” impressed audiences, but not enough to lift Paramount Global’s stock price. CNBC’s Eamon Javers reports that cyber security firm Mandiant has released research on a fake news propaganda ring in China. Plus, Walmart has announced layoffs just a week after cutting its profit outlook. In this episode: Pete Buttigieg, @SecretaryPete Eamon Javers, @EamonJavers Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @Andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, August 03, 2022
St. Louis Fed President James Bullard says, with labor growth as strong as it’s been, it’s unlikely we’ve been in a recession–and we might have brighter economic days to come. In an extended interview, voting FOMC member Bullard discusses America’s path out of inflation, GDP growth in the second half of the year, and geopolitical and global health impacts on our economy. CNBC’s Beijing Bureau Chief Eunice Yoon reports on China’s response to House Speaker Nancy Pelosi’s contentious trip to Taiwan . Plus, Instagram’s head is making a big move , and ready to meet your match in the metaverse? Match.com says, not yet. In this episode: Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @Andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, August 02, 2022
In our continuing coverage of the lawsuit against Pornhub parent MindGeek and Visa, hedge fund investor and Pershing Square billionaire Bill Ackman discusses the next steps he expects Visa and other credit card companies to take to ensure that their tools are not being used for harm. Founder and CEO of the Justice Defense Fund Laila Mickelwait shares how many victims of non-consensual and underage pornography have come forward since the suit was filed. Ackman also weighs in on the recession debate and America’s road map out of inflation. Plus, Speaker Nancy Pelosi has landed in Taiwan . In this episode: Bill Ackman, @BillAckman Laila Mickelwait, @LailaMickelwait Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @Andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, August 01, 2022
A district judge has denied Visa’s motion to be removed from a lawsuit against MindGeek, Pornhub’s owner. The judge upheld the legitimacy of the plaintiff’s allegation that Visa “knowingly” provided the tool for the site to monetize child pornography. Micheal Bowe, the lead attorney for the plaintiff, discusses suit against MindGeek, the fallout for Visa, and the precedent this case could set for all credit card companies. The Ford Foundation is marking five years since investing $1 billion from its endowment into significant social issues. President of the foundation Darren Walker discusses the ESG thesis and shares an update on the fund’s return rate: 28% to date. Plus a lucky Illinoisan is now a billion dollars richer after winning the third largest Mega Millions jackpot in U.S. history. In this episode: Darren Walker, @ darrenwalker Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @Andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, July 29, 2022
As the Saudi-backed LIV Golf tournament begins, fans and athletes debate whether pros can simultaneously condemn human rights violations in Saudi Arabia and accept the Kingdom’s prize money. President of LIV Golf Atul Khosla tells CNBC’s Dominic Chu that it’s no different from a private equity fund’s commercial investment: just business. NYT foreign affairs op-ed columnist and author Tom Friedman discusses the geopolitics on New Jersey’s Bedmin green as well as other global headlines. He comments on President Biden’s two-hour phone call with President Xi Jinping , Nancy Pelosi’s upcoming trip to Taiwan, and the impact of China’s role in Ukraine on Sino-American relations. Plus, the power of the Kardashians : Instagram is rolling back its planned app changes after the influencer moguls brought their feedback to Meta. In this episode: Tom Friedman, @tomfriedman Becky Quick @ BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @Andrewrsorkin Klaire Odumody, @klairemarie
Thu, July 28, 2022
The Federal Reserve has once again hiked interest rates by 0.75% , but the markets breathed a sigh of relief at the central bank’s signal that the peak hikes might be behind us. Today’s GDP data revealed a second consecutive quarter of contraction in the US economy, which traditionally would constitute a recession; however, Fed Chair Jay Powell does not believe our country to be in a recession, despite the data. He, President Biden, Treasury Secretary Janet Yellen, and other economists are considering a different definition of “recession.” Former Vice Chair of the Fed Roger Ferguson unpacks the latest rate hike and the various components of a true recession. Whether or not we’re in one, consumers are feeling inflation’s squeeze on their wallets. President of Kraft Heinz North America Carlos Abrams-Rivera discusses the pressure on American families in the grocery store, and shares ways he’s hoping to keep mac & cheese and the rest of his portfolio accessible through a downturn. Plus, Meta reported its first ever revenue decline , and Washington is negotiating about a trillion dollars of new spending, including a new chapter of the Build, Back, Better agenda, following Sen. Joe Manchin’s surprising deal on certain key issues for Democrats. In this episode: Becky Quick @ BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @Andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, July 27, 2022
Microsoft and Alphabet both missed analyst expectations in quarterly financial results, pointing to “uncertainty” ahead. Investors were buoyed by certain metrics , though, and Wall Street anxiously awaits the rest of tech’s earnings results. Despite Walmart’s warning to the Street and inflation pressures on the consumer, Visa execs have assured investors that the company hasn’t seen any sign of a spending slowdown. Disney has announced that Hulu will begin accepting political issue ads in addition to political candidate ads. Axios reporter Sara Fischer discusses the details of targeting ads for streamers, and crisis manager Eric Dezenhall explores the risk-reward calculus for Disney and its fellow media giants. And, Twitter is asking shareholders to vote in September for world’s richest man Elon Musk’s bid for the company – which he says he won’t do. But, the continuing fallout from the Wall Street Journal’s reporting about Musk’s alleged affair with Sergey Brin’s wife is what has Joe Kernen asking “just what happened at Art Basel in Miami?” In this episode: Sara Fischer, @sarafischer Eric Dezenhall, @EricDezenhall Becky Quick @ BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @Andrewrsorkin Klaire Odumody, @klairemarie
Tue, July 26, 2022
Walmart has issued a dire warning to Wall Street, sending share prices of other retailers lower after cutting its profit outlook. Congress aims to move on U.S. chip manufacturing legislation this week. Senator Todd Young (R-IN) discusses moving the industry to the country’s heartland in the name of national security. Washington lawmakers are aiming to make it easier for consumers to use cryptocurrency in everyday purchases; Ylan Mui reports on plans for a future without a bitcoin capital gains tax for small buys. Plus, more of Elon Musk’s extracurriculars and the EU’s tenuous energy landscape. In this episode: Sen. Todd Young @SenToddYoung Ylan Mui, @ylanmui Becky Quick @ BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @Andrewrsorkin Klaire Odumody, @klairemarie
Mon, July 25, 2022
The U.S. economy may see two consecutive quarters of GDP contraction, but the White House isn’t ready to call it a recession . Whatever we call it though, today’s economic and political environment has pushed Americans to an unhappy place; host of ‘The Art of Happiness’ podcast Arthur Brooks says, both sides of the aisle are to blame. Brooks, also a Harvard professor and contributor for The Atlantic, discusses the loss of faith in capitalism and in America herself, and whether we’ll ever get back to national satisfaction. Plus, we’re tracking billionaire social circles and scandals and an appeal to grown-ups from Disney+. In this episode: Arthur Brooks, @arthurbrooks Becky Quick @ BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @Andrewrsorkin Klaire Odumody, @klairemarie
Fri, July 22, 2022
President Biden has tested positive for covid-19 , and the White House has shared his prognosis and treatment. Former FDA Commissioner Dr. Scott Gottlieb discusses the President’s health status, Paxlovid, and how pockets of unvaccinated communities could have prompted America’s first case of polio in ten years . FedEx is delivering a big change for customers, and American Express has scored points for shareholders with its impressive Q2 report. Plus, the Squawk Box segment that went viral! Aureus Asset Management’s Karen Firestone laughs about the meme-worthy moment in her (and her husband’s, and her dog’s!) markets hit this week. In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Karen Firestone, @Karen_Firestone Becky Quick @ BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @Andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, July 21, 2022
Consumers are taking longer to pay their bills , says AT&T CEO John Stankey. In an extended interview, Stankey discusses the pulse of the American consumer, as well as his company’s renewed focus on 5G and smart devices after the company spun-off its content business, WarnerMedia. In a surprise decision, the European Central Bank has raised interest rates for the first time in over a decade; CNBC’s Steve Liesman, Joe Kernen, Becky Quick, and Andrew Ross Sorkin explain the significance of the move, particularly in light of the bloc’s energy turmoil. Tesla, once a crypto-believing company, has swapped 75% of its bitcoin holdings for fiat currency . Plus, the latest in Joe Kernen’s up-and-down viewing relationship with “The Old Man.” In this episode: John Stankey, @ATT Steve Liesman, @SteveLiesman Becky Quick @ BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @Andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, July 20, 2022
The Nord Stream 1 pipeline, the main route for Russian energy passage to the rest of Europe, is set to start functioning again on Thursday, but EU leaders are concerned that the Kremlin won’t restart flows , especially after the majority state-owned energy giant Gazprom originally cut flows to 40% and is now suggesting that it cannot fulfill its energy contracts with the EU, even if the pipeline reopens as planned. Europe’s energy turmoil could spell bigger supply and cost problems in the U.S.; Transportation Secretary Pete Buttigieg discusses what’s next in energy geopolitics, at home and abroad. After an alarming first quarter, Netflix is quelling investor concerns with its Q2 report . Variety’s Cynthia Littleton and Engine Media’s Tom Rogers discuss what these financial results mean for the rest of the streaming landscape. Plus, the Elon Musk-Twitter saga could finally be reaching an end…maybe. In this episode: Pete Buttigieg, @SecretaryPete Cynthia Littleton, @Variety_Cynthia Becky Quick @ BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @Andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, July 19, 2022
Johnson & Johnson beat analysts’ estimates on the strength of its pharmaceuticals unit despite the company cutting its profit forecast due to a stronger dollar. CFO Joseph Wolk blamed the forecast cut on currency fluctuations, pointing to the parity between the euro and the dollar. As the job market starts to cool down and companies begin to look for ways to save with a possible recession on the horizon, there is a renewed return-to-office debate. CNBC’s Hugh Son reports on slowed hiring at Goldman Sachs , and Harvard Business School professor Tsedal Neeley whether business leaders need to keep hybrid work to retain top talent, and if remote workers are at higher risk of being cut. In this episode: Hugh Son @Hugh_Son Tsedal Neely @tsedal Becky Quick @ BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @Andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, July 18, 2022
In this episode: Amos Hochstein, @amoshochstein Claire Atkinson, @claireatki Matt Belloni, @MattBelloni Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @Andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, July 15, 2022
The U.S. Congress is set to go on August recess, but Intel CEO Pat Gelsinger has a tough message for them before they go: pass the CHIPS Act , ASAP. America’s manufacturing industry has been waiting on government funding to produce tech’s all-important semiconductors for over a year, and Gelsinger says, it’s a matter of national security. We track the holdup in DC, the impact it’s having on job creation in America’s heartland , and the global chips supply chain. Plus, the USD is nearly at parity with the Euro, and President Biden is halfway through his Middle East travels . In this episode: Pat Gelsinger, @PGelsinger Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Thu, July 14, 2022
In this episode: Sara Fischer, @sarafischer Frank Luntz, @FrankLuntz Dom Chu, @TheDomino Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @Andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, July 13, 2022
Inflation jumped 9.1% to a new 40-year high in June . CNBC’s Steve Liesman, Rick Santelli, and Mike Santoli unpack what today’s Consumer Price Index data means for the Federal Reserve and for consumer wallets. As a crypto winter puts serious pressure on the industry, some crypto lenders are collapsing. BlockFi found a lifeboat in crypto exchange FTX ; in a CNBC-exclusive interview, BlockFi CEO Zac Prince explains why he discounted his company 95% to strike a credit and possible acquisition deal with FTX. Plus, Twitter is suing Elon Musk in hopes that he’ll keep his $44 billion word to buy the company, and Tulane law professor Ann Lipton lays out the possible legal moves from here–as well as any tricks Musk might have up his sleeve. In this episode: Zac Prince, @BlockFiZac Ann Lipton, @AnnMLipton Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @Andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, July 12, 2022
It’s YOLO summer! Travelers are on the move, but airline and airport shortages are causing speedbumps. London’s Heathrow Airport is managing a staffing shortage by capping the number of passengers traveling per day and requesting that airlines stop selling tickets. Still, with so many people on the move, retail watcher Jan Kniffen wonders how many consumers will be around to take advantage of retailer sales like Amazon Prime Day. CNBC’s Courtney Reagan shares retail’s biggest sales and hurdles for the second half of the year, and Cleo Capital’s Sarah Kunst discusses the stickiest purchases for Amazon. In other retailer news, Gap CEO Sonia Syngal is stepping down. Plus, the Saudi Arabia-funded LIV Golf series has upended the sport; multi-million dollar payday offers for athletes have prompted backlash for pro-golfers and an investigation from the Department of Justice . On the Elon Musk front, his Twitter drama continues, and his latest SpaceX launch was “actually not good.” In this episode: Jan Kniffen, @JRogersK Sarah Kunst, @sarahkunst Courtney Reagan, @CourtReagan Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @Andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, July 11, 2022
Elon Musk is over Twitter. He’s aiming to terminate the $44 billion dollar deal, and Twitter’s ready to take him to court over it, but Musk is seemingly unbothered by the drama. Former SEC Chair Jay Clayton maps out the various outcomes at this stage in Twitter-Musk saga. Covid cases are ticking up as we head into the end of the summer, and while most of us have readjusted our individual risk calculus to allow for normal life, former FDA Commissioner Dr. Scott Gottlieb suggests keeping our masks on. Leaked documents from Uber’s past are raising questions about the company’s ethical foundation, and Starbucks is rolling back a new, potentially questionable offering. Plus, President Biden is gearing up for his first in-office trip to Saudi Arabia. In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @Andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, July 08, 2022
Some recession we’re having, huh? A surprisingly positive jobs report for the month of June may defy fears of a looming economic slowdown. Payrolls increased by 372,000 jobs, above expectations. CNBC’s Steve Liesman and SoFi Head of Investment Strategy Liz Young discuss the robust labor market with Joe Kernen and Melissa Lee. Elon Musk and Twitter are still dancing around a possible deal; The Washington Post reports that Musk’s proposed $44B bid to buy the social media platform could be in jeopardy . Axios’ Sara Fischer and Cowan merger strategist Aaron Glick say that Twitter’s board is the one that could be flexing its power – Musk faces a billion-dollar break-up fee if he walks away. And, the latest from the mother of meme stocks: GameStop ’s latest move to reinvent the brick and mortar video game retailer puts its CFO and other corporate employees out of jobs. In this episode: Sara Fischer, @SaraFischer Steve Liesman, @SteveLiesman Liz Young, @LizYoungStrat Joe Kernen, @JoeSquawk Melissa Lee @MelissaLeeCNBC Katie Kramer, @Kramer_Katie
Thu, July 07, 2022
UK Prime Minister Boris Johnson is resigning , following a torrent of resignations from ministers in his government in the past 24 hours. CNBC Europe’s Steve Sedgwick reports on the scandals that have caught up with Johnson and the quick sea changes of UK conservative politics. As Wall Street parses through the market’s recession signals and portfolio managers brace for a deeper downturn, the luxury art market soars. The first half of 2022 broke records for the industry, marking the most ever paid for an American artist at auction ($195 million), and the most ever paid for a single collection (a cool $922 million). CEO of Masterworks Scott Lynn offers investors fractional ownership–equity shares–of blue chip works by the likes of Basquiat and Banksy, and he says, it’s an alternative asset worth the hedge. Plus, the market is working its way through the Federal Reserve’s reasoning behind its 75 basis point rate hike decision last month. In this episode: Scott Lynn, @Scottlynn Steve Sedgwick @Steve_Sedgwick Joe Kernen, @JoeSquawk Melissa Lee @MelissaLeeCNBC Katie Kramer, @Kramer_Katie
Wed, July 06, 2022
A bevy of market signals have alarmed investors: oil prices slipping, a surprise Nasdaq rally, a yield curve inversion . As inflation remains elevated and recession fears loom over the markets, the Federal Reserve and the Biden administration balance their respective toolsets to mitigate pressure on the American economy. Austan Goolsbee, former CEA chairman and Booth School of Business professor, and fellow economist Michael Strain, director of economic policy at AEI, discuss whether their strategies are enough to avoid a deep recession. In other headlines, the FDA has temporarily paused the ban on Juul e-cigarettes, and senators are urging the Federal Trade Commission to investigate TikTok. Plus, many employees are willing to take a pay cut to work at companies that align with their own values; CNBC’s Sharon Epperson reports on how the pandemic has shifted purpose, well-being, and values to the forefront of employee-employer relationships. In this episode: Austan Goolsbee, @Austan_Goolsbee Michael Strain, @MichaelRStrain Joe Kernen, @JoeSquawk Melissa Lee @MelissaLeeCNBC Sharon Epperson, @Sharon_Epperson Katie Kramer, @Kramer_Katie
Tue, July 05, 2022
Meta is down 52% in 2022, and Mark Zuckerberg is bracing his shareholders for more tougher times ahead. He’s shuttering the company’s digital wallet project and announced a slash to engineer hiring; Cleo Capital’s Sarah Kunst says Zuckerberg’s revamped approach to employees could be what investors need. Plus, President Biden might be rolling back Trump-era China tariffs, Germany’s economic data has global investors on edge, July Fourth travelers had little to celebrate at airports this weekend, and Tesla’s EV competition could be catching up to Elon. In this episode: Sarah Kunst, @sarahkunst Joe Kernen, @JoeSquawk Melissa Lee @MelissaLeeCNBC Phil LeBeau, @Lebeaucarnews Eunice Yoon, @onlyyoontv Katie Kramer, @Kramer_Katie
Tue, July 05, 2022
Meta is down 52% in 2022, and Mark Zuckerberg is bracing his shareholders for more tougher times ahead. He’s shuttering the company’s digital wallet project and announced a slash to engineer hiring; Cleo Capital’s Sarah Kunst says Zuckerberg’s revamped approach to employees could be what investors need. Plus, President Biden might be rolling back Trump-era China tariffs, Germany’s economic data has global investors on edge, July Fourth travelers had little to celebrate at airports this weekend, and Tesla’s EV competition could be catching up to Elon. In this episode: Sarah Kunst, @sarahkunst Joe Kernen, @JoeSquawk Melissa Lee @MelissaLeeCNBC Phil LeBeau, @Lebeaucarnews Eunice Yoon, @onlyyoontv Katie Kramer, @Kramer_Katie
Fri, July 01, 2022
Flight cancellations continue to distrust travelers, and Dennis Tajer, spokesman for the Allied Pilots Association and pilot for American Airlines, is blaming airline management. He claims pilots are being pushed to the edge . In the markets’ roughest first half of the year since the 1970s, Netflix was the worst performing stock . It may have come down to their lackluster content, says Rich Greenfield of LightShed Partners. Cynthia Littleton, Variety co-editor-in-chief, joins Rich to discuss how the streamer’s innovation might have hit a roadblock. The last time the S&P had it this rough in the first half of the year, Joe Kernen looked like a backup singer for the BeeGees . In this episode: Rich Greenfield, @RichLightShed Cynthia Littleton, @Variety_Cynthia Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @Andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, June 30, 2022
Americans are feeling the pain caused by inflation, but New Jersey is hoping to help its residents with an historically large budget plan. Governor Phil Murphy (D-NJ) discusses how Jersey’s rebate will alleviate some of the pain, from property taxes to back-to-school supplies. The markets are set to close on the worst first half in more than 50 years. The Dow and S&P 500 are on track for their worst three-month period since Q1 of 2020, and the Nasdaq is on its worst run since 2008. Plus, drama escalates in the Spirit Airlines boardroom. In this episode: Joe Kernen, @JoeSquawk Melissa Lee @MelissaLeeCNBC Andrew Ross Sorkin, @Andrewrsorkin Katie Kramer, @Kramer_Katie Gov Phil Murphy @GovMurphy
Wed, June 29, 2022
Americans are gearing up to travel this Fourth of July weekend despite higher fuel and food costs this year. Amid record-high inflation, president and CEO of Best Western Hotels and Resorts Larry Cuculic says summer travel is surging in cities like Seattle, New York, and San Francisco. Stewart Butterfield, CEO of Slack, joins Andrew from the Aspen Ideas Festival to discuss what impact a recession could have on employers recalling workers to the office. He says the pandemic has proved that digital infrastructure is now more important than a physical HQ. Plus, a leader of the Federal Communications Commission has issued a warning about TikTok’s threat to American data security , and President of the Cleveland Fed Loretta Mester has voiced her support for a 75 basis point hike in July . In the episode: Stewart Butterfield, @stewart Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @Andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, June 28, 2022
As investors come to terms with a recession and the tech markets weather a downturn, we turn to legendary tech voices Cathie Wood and Eric Schmidt for guidance. Cathie Wood, founder of Ark Invest and a famous innovation bull, shares lessons from last year’s profits and losses. She maps out the biggest problems facing companies today, including inflation and supply chain issues. Eric Schmidt, former CEO and Executive Chairman of Google, joins from the Aspen Ideas Festival to share lessons from his past with a new generation of investors facing their first market downturn. He discusses competition with China, the promise of Web3, and the ebbs and flows of economic cycles as we face a recession. In this episode: Cathie Wood, @CathieDWood Eric Schmidt, @ericschmidt Becky Quick, @BeckyQuick Andrew Ross Sorkin, @Andrewrsorkin Brian Sullivan, @SullyCNBC Katie Kramer, @Kramer_Katie
Mon, June 27, 2022
We’re kicking off the week with a super-sized Squawk Pod! Three big interviews that all start with the key question Wall Street is asking: how bad is the impact of 2022’s high energy prices? Becky Quick and Brian Sullivan weigh the influence higher gas prices have on the stock market, and G7 leaders convene in Germany to discuss additional Ukraine support and new sanctions that include a proposal to cap the price of Russian oil exports. Goldman Sachs’ Jeff Currie says a brief pullback in global energy prices signals a buying opportunity for investors. Noted tech investor John Doerr has a legendary track record – he was an early back of both Google and Amazon – and today, he calls the shift away from fossil fuels a revolution that rivals the creation of the Internet. Andrew Ross Sorkin catches up with Doerr at the Aspen Ideas Festival in Colorado. NBCUniversal News Group is the media partner of the Aspen Ideas Festival. Plus, Home Depot co-founder and billionaire Ken Langone joins Squawk Box for a special interview that covers inflation, divisiveness and the complicated balancing act of policy and politics. In this episode: Jeff Currie, @goldmansachs John Doerr, @johndoerr Becky Quick, @BeckyQuick Andrew Ross Sorkin, @Andrewrsorkin Brian Sullivan, @SullyCNBC Zach Vallese, @ZachVallese
Fri, June 24, 2022
Fresh reporting from Becky Quick on what happened inside the room with leading executives from the U.S. oil industry and Energy Secretary Jennifer Granholm. Inflation continues to run hot. Federal Reserve Chairman Jerome Powell says that the Fed is committed to fighting inflation “unconditionally” in a testimony to the House Financial Services Committee. Member of the committee, and Problem Solvers Caucus Co-Chair, Rep. Josh Gottheimer (D-NJ) wants to act aggressively to solve the problems of surging gas prices, expensive food costs, and fight inflation. Also, United Airlines says they are cutting dozens of flights in the Northeast due to staffing issues. Association of Flight Attendants International President Sara Nelson joins to address the massive amount of flight cancellations, rising ticket prices, and how to navigate the potentially messy summer travel season. In this episode: Rep. Josh Gottheimer, @RepJoshG Sara Nelson, @FlyingWithSara Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @Andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, June 23, 2022
Big Oil executives head to Washington today for a meeting with the Biden Administration to go over a diminishing list of options to contend with the rising price of gas. President Biden announced plans to enact a “ gas tax holiday ” in the U.S. this summer, and has not received broad initial support. Amos Hochstein, State Department Special Envoy and Coordinator for International Energy Affairs, discusses the $0.18 reduction per gallon the holiday would save and the outlook for getting the policy through Congress. Mark Zuckerberg says a billion people will soon be spending their time – and money – in the metaverse , but Joe Kernen, Becky Quick and Andrew Ross Sorkin have differing ideas about what to actually do there. Plus, the FDA will ban the sale of Juul e-cigarettes. Squawk Box regular and former head of the regulator, Scott Gottlieb, weighs in on the vaping industry as well as the latest concerns about Covid-19 variants. And, more smaller cities will soon be harder to reach by airplane. To hear more from Mark Zuckerberg about Meta’s future, check out CNBC’s Mad Money podcast: https://www.cnbc.com/2018/03/01/mad-money-with-jim-cramer-podcast.html In this episode: Amos Hochstein, @AmosHochstein Scott Gottlieb, @ScottGottliebMD Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @Andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, June 22, 2022
A nationwide pilot shortage is prompting thousands of delays and cancellations for summer travelers. Dennis Tajer, American Airlines pilot and spokesperson for the Allied Pilots Association, says the staffing issues are due to management’s lack of foresight, and he warns that airlines may start to cut corners to keep up with demand. CNBC’s autos and airlines reporter Phil Lebeau considers how long it will take carriers to sort out their problems, and whether the federal government will have to step in to help. In this episode: Phil LeBeau, @Lebeaucarnews Becky Quick, @BeckyQuick Brian Sullivan, @SullyCNBC Katie Kramer, @Kramer_Katie
Tue, June 21, 2022
In the wake of a turbulent market week, investor fears of a recession are growing in step with losses on Wall Street. Crypto hodlers are in pain, but investor and former NYSE President Tom Farley hopes the worst is behind them. Chair of President Biden’s Council of Economic Advisers Cecilia Rouse discusses inflation, the state of the economy, and the administration’s options to mitigate ever-rising fuel prices across the U.S., including a gas tax holiday. Plus, Mondelez is taking a Clif jump, and a pilot shortage is causing drama for travelers. In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, June 17, 2022
The S&P 500 is headed for its worst week since March of 2020, but famed buy-and-hold billionaire investor Ron Baron offers a ray of hope amid Wall Street’s worries. A Tesla bull and futurist investor, Baron likens today’s market with the opportunity that earned him billions in the 1980s. In an all-hands meeting with Twitter employees, Elon Musk addressed layoff and content moderation concerns. For consumers, inflation is still cause for worry; Rep. Ro Khanna (D-CA) discusses pump pressures for Americans and big profits for big oil producers in the U.S. Plus, we mark Juneteenth weekend by celebrating Black social media influencers in finance, with CNBC’s Frank Holland. In this episode: Ro Khanna, @RepRoKhanna Frank Holland, @FrankCNBC Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Thu, June 16, 2022
The Fed raised interest rates by 75 basis points on Wednesday and alluded to more hikes in the coming months, as CNBC’s Steve Liesman recaps. But did the Fed do enough? Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, Cambridge shares his thoughts on the Fed, the European Central Bank, and the Swiss Central Bank after all three announced interest rate hikes. CNBC’s Jon Fortt considers whether the Fed raised rates high enough, quickly enough, and what it will take to find a ‘soft landing.’ In this episode: Mohamed El-Erian @elerianm Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Mike Santoli @michaelsantoli Steve Liesman, @steveliesman Jon Fortt @jonfortt Cameron Costa, @CameronCostaNY
Wed, June 15, 2022
The S&P 500 fails to rebound, the markets are poised for the Fed’s big rate hike, inflation and pump pressures are on, and crypto is crumbling. Founder and chairman of Equity Group Investments Sam Zell shares his unfiltered perspective on the Fed, energy prices, and DC policy, all from his vantage point as a real estate billionaire and energy, health care, and manufacturing investor. President Biden is asking oil CEOs to boost gasoline supply and is calling their profits “unacceptable.” Plus, we’re bidding adieu to Internet Explorer. In this episode: Brian Sullivan, @SullyCNBC Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Tue, June 14, 2022
In the wake of this week’s bear market , former NYSE President Tom Farley and former Chairman and CEO of TDAmeritrade Joe Moglia discuss the peaks and valleys still to come, both in the crumbling crypto markets and in the broader economy. Tom Farley, who has debuted more than one SPAC of his own, discusses the market’s depleted appetite for any kind of public listing. Joe Moglia speaks to the psyche of retail investors as global conflict rages on and inflation ticks higher, and considers whether recession fears are already realized for some Americans. In this episode: Joe Moglia, @CoachJoeMoglia Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, June 13, 2022
$200 billion was wiped out of the crypto market over the weekend, and Bitcoin has hit its lowest level since December of 2020. Skybridge Capital founder and crypto bull Anthony Scaramucci unpacks the global market sell-off , the slide in crypto , and why the drama at crypto lender Celsius could make things worse. Inflation and gas price pressures are hitting consumers and corporations; CEO of Stew Leonard’s details the fuel and food supply chain issues impacting his bottom line. Plus, a break from the markets: the latest box office hit, straight from the Jurassic Period. In this episode: Stew Leonard Jr. @StewLeonardJr Anthony Scaramucci, @Scaramucci Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, June 10, 2022
In his first aired interview since taking the helm (again) at Starbucks, interim CEO and founder Howard Schultz speaks candidly to Andrew Ross Sorkin at The New York Times DealBook D.C. Policy Forum in Washington. In an extended conversation, the two cover inflation, America’s gun policy, the mental health crisis, the labor movement, and leadership in capitalism. Plus, May’s consumer price index, or CPI, was up 8.6% from last May , the highest year-on-year increase since December of 1981. Former U.S. Senator Heidi Heitkamp (D-ND) and investor Kevin O’Leary discuss the sky-high fuel prices across the country and steps the government can take to lessen the squeeze on consumer wallets. In this episode: Howard Schultz, @HowardSchultz Heidi Heitkamp, @HeidiHeitkamp Kevin O’Leary, @kevinolearytv Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, June 09, 2022
Robinhood turned millions of people into retail traders, but now the app’s business model may be in jeopardy as the SEC eyes a plan to crack down on Payment For Order Flow , a practice crucial to its revenues. Jay Clayton, former Chair of the SEC, weighs in on how the SEC’s agenda could transform the stock market. Twitter has agreed to comply with Elon Musk’s demand for access to the platform’s data stream. Former FCC Commissioner Ajit Pai, breaks down what more Musk will ask for, and openings for the Tesla CEO to still walk away from the deal. Plus, in China, the Ant Group IPO may be back on track. In this episode: Ajit Pai, @AjitPai Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, June 08, 2022
As most retailers struggle with a difficult quarter, cosmetics might be a bright spot. Alongside Elf Cosmetics, Ulta Beauty reported upbeat first quarter results despite rising inflation; Ulta CEO David Kimbell discusses the company’s year over year revenue growth and the relative strengths of beauty consumers and social media beauty influencers alike. As streaming stocks like Netflix have struggled , AMC CEO Matt Blank suggests the answer to media’s momentary woes might be linear. Plus, a high profile team is making a play for the Denver Broncos, and the FDA is giving Novavax a big vote of confidence. In this episode: David Kimbell, @UltaBeauty Matt Blank, @AMC_Networks Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Tue, June 07, 2022
Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) have introduced bipartisan legislation that would overhaul the regulatory framework for cryptocurrencies and digital assets. The two share details of their plan, how the SEC and the CFTC would fit into it, and how “rules of the road” would benefit both investors and the economy at large. Target is warning investors of a hit to profits next quarter, as the company manages inventory, inflation, and freight cost issues. Longtime retail watcher Jan Kniffen, CEO of J. Rogers Kniffen WWE, explains how the retailer got to this point, and projects how long the pain will last. Plus, the SEC is eyeing new rules for the stock market, Elon Musk is threatening to walk away from his own deal to buy Twitter, and Apple has unveiled some of its newest features for users. In this episode: Sen. Cynthia Lummis, @CynthiaMLummis Sen. Kirsten Gillibrand, @SenGillibrand Jan Kniffen, @JRogersK Ylan Mui, @ylanmui Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Mon, June 06, 2022
JetBlue has upped its offer for Spirit Airlines as the battle with Frontier heats up. CEO Robin Hayes explains the new, larger breakup fee offer and shares why he feels shareholders should be happy with this deal. After Coinbase’s hiring freeze and Gemini’s layoffs, the crypto community could be headed for a “crypto winter.” Forkast founder and CEO Angie Lau says, a contraction is certainly underway. Plus, Elon Musk claims Tesla is overstaffed, Starbucks is closing down a recently unionized store in New York, and gas prices are throwing a wrench in summer travel plans. In this episode: Angie Lau, @AngieTVLau Phil LeBeau, @Lebeaucarnews Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Fri, June 03, 2022
Netflix’s volatility continues; despite a bounce in share price this week, the stock is down 66% this year. Gene Munster, Loup founder, discusses his firm’s “higher risk, higher reward” investment in the streaming platform and why it’s important to get its ad model right. Consumers have taken on a lot of credit card debt this year, and CNBC’s Senior Personal Finance Correspondent Sharon Epperson breaks down the booming buy now, pay later debt . Plus, Tesla is cutting staff, and crypto firms like Gemini and Coinbase are preparing their teams for a “crypto winter.” In this episode: Sharon Epperson: @sharon_epperson Gene Munster: @munster_gene Becky Quick, @BeckyQuick Brian Sullivan, @SullyCNBC Cameron Costa, @CameronCostaNY
Thu, June 02, 2022
Sheryl Sandberg is stepping down from her post as Meta Platforms Chief Operating Officer after 14 years. Sara Fischer, Axios media reporter, and Rich Greenfield of LightShed Partners, discuss what this means for the Facebook parent’s stock and its future in the metaverse. Elon Musk has ignited another debate: returning to work. Commenting on a Twitter post, Musk said that Tesla executives unwilling to return to office work “should pretend to work somewhere else.” Tsedal Neely, Harvard Business School professor and Tom Gimbel, LaSalle Network founder and CEO, debate the value of hybrid work and education. Plus, Jamie Dimon foresees a hurricane , Chipotle is accepting Bitcoin, and President Biden’s hoping to move students out—of debt. In this episode: Sarah Fischer: @sarafischer Rich GreenField: @RichLightShed Tom Gimbel: @TomGimbel Michael Santoli: @michaelsantoli Becky Quick, @BeckyQuick Brian Sullivan, @SullyCNBC Cameron Costa, @CameronCostaNY
Wed, June 01, 2022
Treasury Secretary Janet Yellen says the White House has several strategies that will reduce inflation, which she conceded is too high. In a sit down interview with Becky Quick, former Fed Chair Yellen recaps her meeting with current Fed Chair Jay Powell and President Biden, and she lists efforts aimed at prescription drug costs, the budget deficit, and oil production that could bring down prices. Economist Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, Cambridge, discusses the Federal Reserve and his outlook for interest rate hikes later this year. In this episode: Janet Yellen, @SecYellen Mohamed El-Erian, @elerianm Becky Quick, @BeckyQuick Brian Sullivan, @SullyCNBC Cameron Costa, @CameronCostaNY
Tue, May 31, 2022
Paramount’s “Top Gun: Maverick” broke box office records this Memorial Day Weekend. AMC CEO Adam Aron expects moviegoers to continue to return to theaters throughout the summer season, which is good news for all AMC shareholders. The Biden administration is floating a student loan forgiveness plan that has frustrated politicians on both sides of the aisle; Purdue University President Mitch Daniels airs his own concerns. Plus, the EU has committed to a partial ban on Russian oil, and President Biden has laid out his strategy to fight inflation in The Wall Street Journal . In this episode: Adam Aron, @CEOAdam Becky Quick, @BeckyQuick Brian Sullivan, @SullyCNBC Julia Boorstin, @JBoorstin Sharon Epperson, @Sharon_Epperson Cameron Costa, @CameronCostaNY
Mon, May 30, 2022
We’re sharing a sneak peak of Born to Rule: When Charles is King, a new original podcast from TODAY which asks (and answers) the burning questions about Prince Charles and what he might be like as King. Listen to the first two episodes and follow now: https://link.chtbl.com/BTR_LW
Fri, May 27, 2022
Forward-looking companies are simultaneously navigating the uncertainty of today’s markets while beginning to compete in the ‘metaverse.’ Accenture CEO Julie Sweet sits down with CNBC’s Andrew Ross Sorkin at the 2022 World Economic Forum to discuss how her company is using its own metaverse to onboard 150,000 new company employees throughout the year. Andreessen Horowitz also plans to plow billions of dollars into crypto start-ups while digital asset markets are in a rut; the Silicon Valley firm launched the largest crypto fund ever this week, a new $4.5 billion fund to back Web 3.0 projects like crypto and blockchain companies. Arianna Simpson, Andreessen Horowitz general partner, discusses the firm’s newest crypto bet. In this episode: Julie Sweet, @JulieSweet Arianna Simpson, @AriannaSimpson Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Thu, May 26, 2022
At the World Economic Forum in Switzerland, former professional boxer Wladimir Klitschko sits down with CNBC’s Sara Eisen to discuss Russia’s war in Ukraine. Klitschko explains why he and his brother, Mayor of Kiev, briefly left Ukraine for Davos, and he shares details of life in Ukraine nearly three months after the Russian invasion. In this episode: Wladimir Klitschko, @Klitschko Sara Eisen, @SaraEisen Katie Kramer, @Kramer_Katie Cameron Costa, @CameronCostaNY
Wed, May 25, 2022
At the World Economic Forum in Switzerland, Palantir CEO Alex Karp addresses data’s role in global warfare, criticism the company has faced over the years, the risk of nuclear war, Biden’s comments on Taiwan and the tech industry. In comments exclusive to this podcast, Andrew Ross Sorkin shares context on the polarizing data analytics company, its founders, and the life habits (sleep!) that keep them all going. In this episode: Alex Karp, @PalantirTech Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie Cameron Costa, @CameronCostaNY
Tue, May 24, 2022
Description: At the World Economic Forum in Switzerland, Ray Dalio, founder and Co-CIO of the world’s largest hedge fund Bridgewater Associates, addresses rising recession concerns, market volatility, cryptocurrency’s value, and finding assets that deliver real return. Plus, Snap issued a profit warning to investors , sending the stock down well over 30% and dragging other tech names down with it. In this episode: Ray Dalio, @RayDalio Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Mon, May 23, 2022
At the first in-person World Economic Forum since 2020, global leaders gather in Davos, Switzerland to discuss the future of politics, culture, and business. Andrew Ross Sorkin is on the hillside in the Alps for a rare sit-down interview with Alphabet CFO Ruth Porat; they cover fears of an economic slowdown, U.S. content moderation policies, and tech’s rough year in the markets. Plus, President Biden says that the U.S. would get involved militarily to defend Taiwan if China tries to take it by force. CNBC’s Beijing Bureau Chief Eunice Yoon reports China’s Foreign Ministry expressed “strong dissatisfaction and firm opposition” to the remarks, and Yoon highlights the implications of Biden’s Indo-Pacific trade pact for foreign investment in China. In this episode: Eunice Yoon, @onlyyoontv Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Fri, May 20, 2022
Health authorities in Europe, the U.S., and Australia are investigating a recent outbreak of monkeypox cases, a rare virus typically confined to Africa. Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, discusses whether this country’s first case of monkeypox is cause for concern, and how the country will handle the latest rise in Covid-19 infections. Business Insider reports that SpaceX paid a flight attendant $250,000 in severance over a sexual misconduct claim made against CEO and founder Elon Musk . Musk tweeted that “wild accusations” against him were untrue, although he didn’t specify the allegations. The Squawk Box team discusses Mad Money host Jim Cramer’s urge for Federal Reserve Chair Jerome Powell to act on inflation, aggressively and immediately. Plus, rates for babysitters are rising, and a shoe stock is on the move! In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Thu, May 19, 2022
The S&P 500 is on the brink of a bear market . Wednesday, the Dow fell more than 1,100 points, marking its worst sell-off in nearly two years. The S&P 500 also suffered its worst one-day decline since June 2020, and the Nasdaq Composite fell 4.7%. Those losses were driven in part by disappointing back-to-back quarterly reports from Target and Walmart that showed higher fuel costs and restrained consumer demand. Target CEO Brian Cornell reacts to the company’s first-quarter earnings report and breaks down how consumer spending has shifted as the economy moves beyond the Covid-19 pandemic. Plus, Jan Kniffen, JRK Worldwide CEO, and Aneesha Sherman, senior analyst covering apparel and specialty retail at Bernstein, react to a handful of retail earnings released this week. In this episode: Brian Cornell, @Target Jan Kniffen, @JRogersK Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Wed, May 18, 2022
In his first interview since the $43 billion dollar media merger, Warner Brothers Discovery CEO David Zaslav shares the company’s plan to combine HBO Max and Discovery into one streaming platform. Zaslav also discusses what prompted the company’s decision to shutter CNN+ shortly after its launch. Redpoint Ventures founding partner Geoff Yang, who invested early in Netflix, DraftKings, Twilio, and Snowflake, breaks down tech valuations as stocks in the sector come under pressure. Plus, Lowe’s missed Wall Street’s sales expectations for its first quarter, as cooler spring weather hurt demand for supplies for outdoor do-it-yourself projects. In this episode: David Zaslav, @wbd Geoff Yang, @geoff_yang Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Tue, May 17, 2022
A new SEC filing reveals Elon Musk’s original plan to join Twitter’s board, and to later abandon that plan in favor of a takeover. Transportation Sec. Pete Buttigieg reacts to JetBlue’s hostile takeover bid for Spirit Airlines and Jeff Bezos’s pointed tweets at President Biden’s economic agenda. Plus, Intel shareholders voted against the company’s compensation for its top executives, sending a signal that some Intel investors are closely watching the performance of CEO Pat Gelsinger and the progress of his turnaround plan for the chip giant. In this episode: Pete Buttigieg, @SecretaryPete Brian Sullivan, @SullyCNBC Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Mon, May 16, 2022
Former Chair of the Federal Reserve Ben Bernanke weighs in on the US economic recovery from Covid-19, the likelihood of an impending recession, and the Fed’s strategy to combat inflation. In an extended, exclusive interview with Andrew Ross Sorkin, Bernanke explains how he uses history to inform his perspective on today’s economy in his new book, “21st Century Monetary Policy: The Federal Reserve from the Great Inflation to Covid-19.” Bernanke shares his thoughts on bitcoin and on climate-conscious investments as inflation and oil prices around the world remain high. In this episode: Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, May 13, 2022
Elon Musk announced today that his Twitter deal is on hold “temporarily” until he receives more information about how many fake accounts exist on the social media platform. In a follow-up tweet a few hours later, Musk added that he was “still committed to the acquisition.” Wedbush’s Dan Ives discusses the implications of the tweet and the future of the deal. Coinbase shares hit a new 52-week low on Thursday after reporting revenue that fell 27% from a year ago. Coinbase CFO Alesia Haas addressed these concerns with Andrew Ross Sorkin in a wide ranging interview – Squawk Pod is where you’ll hear their full conversation. They discussed the bankruptcy disclosure the company released this week and a major outage yesterday that kept users unable to trade during the worst of the market sell-off. Plus, check out the podcast Monday for an exclusive interview with Former Fed Chair Ben Bernanke! He shares his perspective on the Fed’s latest rate hike, inflation, crypto & more. In this episode: Alesia Haas, @coinbase Dan Ives, @DivesTech Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Zach Vallese, @zachvallese
Thu, May 12, 2022
Bitcoin fell to its lowest in 16 months today, leading a rush out of risk assets, while the collapse of TerraUSD, a so-called stablecoin, underscored the strain on cryptocurrency markets. Bitcoin, the world’s largest cryptocurrency, has lost a third of its value in the last eight sessions. Disney reported stronger-than-expected growth in streaming subscribers across all of its media platforms, but the stock fell today after the company warned it’s still seeing the impact of Covid on its theme parks in Asia. Puck’s Matthew Belloni and Tom Rogers, Engine Media executive chairman and founder of CNBC, react to Disney’s latest quarterly earnings report and the streaming wars. CNBC’s Robert Frank reports how several corporate insiders and executives managed to avoid the tech wreck with big payouts. WeWork’s first-quarter loss narrowed sharply as gross desk sales reached pre pandemic levels with the gradual return of employees in the U.S. to in-person work. Plus, Beyond Meat shares tumbled after it’s jerky launch leads to wider-than-expected losses. In this episode: Matthew Belloni, @MattBelloni Robert Frank, @robtfrank Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Zach Vallese, @zachvallese
Wed, May 11, 2022
Inflation rose again in April, continuing a climb that has pushed consumers to the brink and is threatening the economic expansion. The consumer price index accelerated 8.3% in April, more than the 8.1% estimate and near the highest level in more than 40 years. Bitcoin dropped below $30,000 for the second time this week before turning positive as the hot inflation report causes investors to shun risky assets. Purdue University President, Mitch Daniels, former OMB director and former governor of Indiana, discusses the opportunities facing new college graduates amid the U.S.’s tight labor market. Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, breaks down China’s pandemic response and rising Covid cases in the Northeast. Plus, job cuts at Carvana and Got Milk? Starbucks is under fire from actor James Cromwell for charging its customers extra for vegan milk. That won’t do, Starbucks, that won’t do. In this episode: Mitch Daniels, @purduemitch Scott Gottlieb, @ScottGottliebMD Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Tue, May 10, 2022
The technology sector attempted a comeback today after suffering some of the biggest losses in recent weeks. Tim Armstrong, founder and CEO of tech startup Flowcode and former CEO and chairman of AOL, discusses the latest tech sell-off. Shares of Peloton Interactive plummeted 15% after reporting a wider-than-expected loss in the recent quarter. AMC Entertainment posted a narrower-than-expected loss during the first quarter. CNBC’s Robert Frank reports Andy Warhol’s 1964 portrait of Marilyn Monroe sold for $195 million at Christie's - the second-most expensive piece of art ever auctioned. Plus, turn off your toilet heaters! CNBC’s Brian Sullivan reports a few tips the Japanese government has for conserving energy as global demand continues to outstrip supply. In this episode: Tim Armstrong, @tim_armstrong Robert Frank, @robtfrank Brian Sullivan, @SullyCNBC Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, May 09, 2022
The S&P 500 is at a fresh 52-week low as the market sell-off continues. Minneapolis Federal Reserve President Neel Kashkari says he’s confident inflation will come back to normal - though it’s taking longer than he expected . His comments come less than a week after the FOMC raised benchmark rates by half a percentage point. The 50-basis-point hike was the largest increase in 22 years and sets the stage for a series of similar-sized moves in the months ahead. Alexis Ohanian, Reddit co-founder and Seven Seven Six founder, breaks down opportunities in the public and private tech sector. Plus, Uber plans to slash spending on marketing and incentives and Dr. Strange ushers in the Summer box office season. In this episode: Neel Kashkari, @neelkashkari @MinneapolisFed Alexis Ohanian, @alexisohanian Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Zach Vallese, @zachvallese
Fri, May 06, 2022
April’s job growth was strong and wage gains were solid, yet for some reason fewer Americans were working or looking for jobs than in March. Saira Malik, chief investment officer for Nuveen, Nela Richardson, chief economist at ADP, Austan Goolsbee, former CEA chairman and Booth School of Business professor, and Georgetown University’s Nada Eissa react to the better-than-expected April jobs report. Peloton is targeting potential investors, including industry players and private equity firms, to take a stake in its business of around 15% to 20% according to The Wall Street Journal. Galaxy Digital CEO Mike Novogratz discussed the recent market sell-off, and the future of crypto. Plus, Boeing exits Chicago and Spotify makes a $50 Million investment after shares hit a record low. In this episode: Mike Novogratz, @novogratz Nela Richardson, @NelaRichardson Austan Goolsbee, @Austan_Goolsbee Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Thu, May 05, 2022
Stocks fell sharply Thursday and erased large gains seen in the previous session after the Federal Reserve raised rates by half a point. CNBC’s Steve Liesman breaks down the Federal Reserve’s move – and his role in the initial relief rally. Tesla CEO Elon Musk has lined up additional funding for his takeover of social media giant Twitter, according to a new filing. Meanwhile Bill Gates has warned that Elon Musk could make Twitter “worse” after Musk accused him of shorting Tesla stock last month. Facebook parent Meta is slowing the pace of hiring as it reckons with its weakest revenue growth on record and ongoing business challenges, such as Apple’s privacy changes and the war in Ukraine. Glenn Fogel, president and CEO of Booking Holdings, breaks down the company’s latest quarterly earnings report and summer travel demand. Plus, happy Cinco de Mayo! In this episode: Steve Liesman, @steveliesman Glenn Fogel, @BookingHoldings Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Wed, May 04, 2022
Uber reported surging revenue during the first quarter as the ride-hailing company said it’s recovering from its coronavirus lows and wouldn’t have to put up “significant” investments to keep drivers on the platform. CNBC’s Deirdre Bosa reported on Uber and Lyft's latest first-quarter earnings report. John Zimmer, president and co-founder of Lyft, also discussed the ride-hailing company’s latest quarterly earnings report and broke down how high gas prices are impacting the company and high-cost driver incentives. Elon Musk has told potential Twitter investors that he can return the social media company to public ownership in as little as three years after buying it, according to the Wall Street Journal. Gary Vaynerchuk, founder and creator of VeeFriends, discusses his outlook for the future of nonfungible tokens, or NFTs. Plus, streaming platform Roku is angling to buy a piece of Starz in a bid with Apollo Global Management. In this episode: John Zimmer, @johnzimmer Gary Vaynerchuk, @garyvee Deirdre Bosa, @dee_bosa Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Tue, May 03, 2022
Legendary investor Paul Tudor Jones, CIO at Tudor Investments, discusses the Robin Hood Foundation’s annual benefit to fight poverty in New York City, markets, the Federal Reserve and more. Jones says he “can’t think of a worse environment than where we are right now for financial assets.” Employees at an Amazon warehouse on Staten Island overwhelmingly rejected a unionization effort, a significant victory for the e-retailer a month after a nearby fulfillment center became the first in the country to vote to join a union. A leaked draft of a Supreme Court opinion that would overturn a half-century of abortion rights triggered shock waves in Washington. Plus, Campari sales jumped in the first three months of the year -- as Joe Kernen dreams of an Aperol spritz in the sun. In this episode: Paul Tudor Jones, @ptj_official Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, May 02, 2022
Becky Quick highlights the biggest takeaways from the first in-person Berkshire Hathaway Annual Shareholders Meeting since 2019. At what’s affectionately nicknamed the “Woodstock for Capitalists,” Warren Buffett and Charlie Munger answered hours of shareholder questions about their $40 billion March buying spree, inflation, bitcoin, and why the Robinhood trading app is justly ‘unraveling’. Among the guests at the meeting: actor and comedian Bill Murray, who is also a Berkshire shareholder. In a candid interview with Becky Quick and Mike Santoli, Murray spoke for the first time about the complaints of inappropriate behavior on the set of the movie, ‘Being Mortal,’ and its subsequent pause in production. He reflects on the evolution of his own comedy and on life lessons in perpetual learning from Buffett and Munger. For the full live stream of the Berkshire Hathaway Annual Meeting, exclusively available on CNBC, watch all 6 hours, here: https://www.cnbc.com/brklive22/ . In this episode: Mike Santoli, @michaelsantoli Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, April 29, 2022
Amazon shares fell as much as 12% after the company gave revenue outlook for the current quarter that fell short of Wall Street’s estimates. It could mark Amazon’s worst day since January 2014 if the losses hold through the close. Apple shares also dipped after management said supply chain constraints could hinder fiscal third-quarter revenue. Toni Sacconaghi, Bernstein senior research analyst, reacts to Apple’s latest quarterly earnings report. Brooks Running CEO Jim Weber joins Becky Quick in Omaha ahead of Berkshire Hathaway’s annual meeting to break down how the company is navigating supply chain woes and more. For exclusive coverage of the 2022 Berkshire Hathaway Annual Shareholders Meeting, with appearances from Bill Murray, Jimmy Buffett, and the Oracle of Omaha himself, tune into CNBC.com Saturday, at 9:45 am ET: https://www.cnbc.com/brklive22/ . In this episode: Jim Weber, @brooksrunning Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Thu, April 28, 2022
Ford is cutting 580 U.S. salaried and contract employees as it restructures to focus on EVs . The automaker also reported a net loss of $3.1 billion in the first quarter, largely due the loss in value of a 12% stake in electric vehicle start-up Rivian Automotive. Facebook parent Meta surged 15% after the company reported better-than-expected profit in the first quarter. Rich Greenfield, LightShed Partners co-founder, breaks down how the platform is evolving, and how Mark Zuckerberg’s attitude has shifted. Archegos founder Bill Hwang is free on bail after being formally charged over accusations of a massive stock market fraud. Elon Musk’s bid for Twitter remains contentious, particularly among employees; Alan Guarino, Korn Ferry vice chairman, Tsedal Neeley, Harvard Business School professor, and CNBC’s Jon Fortt discuss Elon Musk’s recent tweet criticizing Twitter’s top lawyer, and whether Musk’s leadership style will drive current Twitter employees away. As a reminder, you can watch Berkshire Hathaway’s annual shareholders meeting on April 30 on CNBC.com! The Omaha, Nebraska, event gives shareholders a chance to hear Buffett and Munger discuss investing and their economic and life outlooks. In this episode: Jon Fortt, @jonfortt Tsedal Neeley, @tsedal Rich Greenfield, @RichLightShed Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Wed, April 27, 2022
U.S. stocks rose in volatile trading today after the Nasdaq Composite closed yesterday at a new low for the year, attempting to rebound from a tech-led sell-off in April. Archegos Capital Management’s owner, Bill Hwang, and its former chief financial officer, Patrick Halligan, were arrested today in connection with the implosion of the family office last year . The men are being charged with racketeering conspiracy, securities fraud and wire fraud , according to a statement from the U.S. district court. Companies including Texas Instruments and Deutsche Bank are out with new warnings about the potential impact of the Covid outbreak in China. CNBC’s Eunice Yoon reports Beijing is currently winding down its city wide testing and Shanghai is expected to lift the lockdown measures. Meanwhile, former FDA commissioner and CNBC contributor, Scott Gottlieb, says China does not have a Covid endgame and will see rolling lockdowns for the “foreseeable future”. In this episode: Eunice Yoon, @onlyyoontv Scott Gottlieb, @ScottGottliebMD Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Tue, April 26, 2022
Twitter has accepted Elon Musk’s $44B buyout deal . Musk, adamant that Twitter champions free speech, will take the company private. Anti-Defamation League CEO Jonathan Greenblatt discusses what Musk’s idea of free speech means for a safe, productive virtual town square, and investor Kevin O’Leary shares why this move might bring many former Twitter users back to the platform. One noticeably absent former Twitter user: Donald Trump. According to our own Joe Kernen’s conversation with the former President, Trump won’t be among the tweeters returning to the fold under Elon’s watch. Plus, Fidelity will now allow bitcoin in your 401(k) . In this episode: Jonathan Greenblatt, @JGreenblattADL Kevin O’Leary, @kevinolearytv Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, April 25, 2022
In France, President Macron is celebrating victory, American diplomats will return to Ukraine, and all across the globe, markets are under pressure. In Washington, DC, the Biden administration is working to get more Democrats on board for the President’s tax plan; White House Council of Economic Advisors member Jared Bernstein defends different aspects of the wealth tax, the current voting breakdown, and the dynamic between America’s tight labor market and its inflation. Twitter shares jumped on reports the company is nearing a deal with Elon Musk that could be announced as soon as Monday. Former SEC Chairman Jay Clayton weighs in on Musk’s Twitter takeover bid and Wall Street’s concerns. In this episode: Jared Bernstein, @econjared Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, April 22, 2022
The streaming wars have left big players with some battle scars: Netflix is recovering from a rough year so far, and CNN+ is no more. Axios media reporter Sara Fischer and The Wall Street Journal’s Joanna Stern discuss what went wrong for the service, and why Warner Bros. Discovery has opted to shut it down. Political strategist and pollster Frank Luntz discusses America’s complicated response to corporations getting involved in politics, as Disney finds itself on the outs with Florida’s lawmakers. Plus, Elon Musk is still trying to scrounge up the funds to buy Twitter . In this episode: Joanna Stern, @JoannaStern Sara Fischer, @sarafischer Frank Luntz, @FrankLuntz Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Thu, April 21, 2022
Famed shortseller Bill Ackman and his firm Pershing Square dumped its stake in Netflix yesterday following the streaming service company’s disappointing quarterly report. Netflix lost 200,000 subscribers in its latest quarter and expects to lose an additional 2 million subscribers in its next quarter, prompting the stock’s worst trading day in over 17 years. CNBC’s Phil LeBeau breaks down the key takeaways from Tesla’s first-quarter earnings results, which beat Wall Street’s estimates. Florida state lawmakers are working to pass a bill that would eliminate Disney’s special self-governing status in the state. CNBC’s Robert Frank reports on how this could impact Florida residents, and Florida State Rep. Randy Fine, who filed the House legislation, discusses whether it was spurred by the company’s response to Florida’s ‘Don’t Say Gay’ bill. Plus, Melvin Capital is attempting a rebrand, Carl Icahn calls out Wall Street ‘hypocrisy’ over ESG investing in a letter to McDonald’s shareholders. In this episode: Robert Frank, @robtfrank Phil LeBeau, @Lebeaucarnews Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Melissa Lee, @MelissaLeeCNBC Cameron Costa, @CameronCostaNY
Wed, April 20, 2022
In a shocking and disappointing report on Wall Street, Netflix revealed a loss of subscribers in the last quarter–its first loss in 10 years. Florida Governor Ron DeSantis is taking aim at Disney by presenting a bill that could revoke the company’s near-autonomy over the 40 square miles it inhabits in the Sunshine State. Skybridge Capital founder Anthony Scaramucci discusses the clash of politics and business, and whether the Governor’s action is a wise retaliation for Disney’s criticism of Florida’s “Don’t Say Gay” bill . Former FDA Commissioner considers the risks for ending the mask mandates–both political, for the CDC, and physical, for all travelers. Plus, Elon Musk is at it again–just in time for his favorite day of the year. In this episode: Anthony Scaramucci, @Scaramucci Dr. Scott Gottlieb, @ScottGottliebMD Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Melissa Lee, @MelissaLeeCNBC Cameron Costa, @CameronCostaNY
Tue, April 19, 2022
Masks are no longer mandated on public transportation, after a federal judge in Florida ruled that the CDC had overstepped its authority when it issued a mask mandate for planes, trains, and buses. Sara Nelson, international president of the Association of Flight Attendants, discusses whether customers and employees will continue to use masks to protect fellow travelers. Plus, as Elon Musk explores options to finance his bid to buy Twitter, biographer and Tulane professor Walter Isaacson shares insight on Musk’s goals and motivations from extended conversations with Elon Musk himself. In this episode: Walter Isaacson, @WalterIsaacson Sara Nelson, @FlyingWithSara Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY
Mon, April 18, 2022
Elon Musk’s bid for Twitter has prompted questions about his own financial liquidity, and free speech on the platform. While Wall Street is eyeing Musk’s offer, Musk is bringing the entire Twitter board under scrutiny, calling out their online presence and potentially suggesting that the platform’s power rest with shareholders , instead of the board. The World Health Organization maintains that the Covid-19 pandemic is still very much underway, but governments in the U.S. and in China are handling the continued outbreaks very differently. Dr. Kavita Patel, former White House health policy director, unpacks the CDC’s new guidance on Covid safety in the U.S., which emphasizes personal choice over mandates. Plus, in other health news, fried foods are trending up on American menus. In this episode: Dr. Kavita Patel, @kavitapmd Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Thu, April 14, 2022
Amazon CEO Andy Jassy says workers may be “better off” not joining a union. In an extended interview at Amazon’s Seattle campus, Jassy spoke with Andrew Ross Sorkin to break down his first annual letter to shareholders. Jassy explains how the company quickly grew its fulfillment center capacity amid a rapid pandemic rise in e-commerce sales and he reacts to unionization efforts inside Amazon warehouses. The Amazon chief also discusses the federal minimum wage, Amazon’s 20-for-1 stock split, Elon Musk’s Twitter bid, crypto, and much more. Andrew Ross Sorkin also tours a fulfillment center with Amazon’s Alicia Boler Davis about the up-to-the minute technology completing millions of e-commerce orders.
Wed, April 13, 2022
The Producer Price Index , which measures prices paid by wholesalers, rose 11.2% from a year ago, hitting a record high. Inflation around the world continues to rise as Vladimir Putin presses on in his war in Ukraine. Hermitage Capital CEO and author of “Freezing Order: A True Story of Money Laundering, Murder, and Surviving Vladimir Putin’s Wrath” Bill Browder, shares details of his life under Putin’s eye and concerns about the war’s ripple effects across the globe. Plus, Elon Musk is back in the news –this time, for a lawsuit. In this episode: Bill Browder, @BillBrowder Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Tue, April 12, 2022
The Consumer Price Index, which measures inflation by tracking the prices of everyday items, rose 8.5% in the last year–the fastest annual gain since 1981. CNBC’s senior economics reporter Steve Liesman and on-air editor Rick Santelli explain the hot inflation data, pains for consumers, and whether the Fed’s aggressive policies to combat it will result in a broader economic slowdown. Former Australian Prime Minister Kevin Rudd covers another factor that could hit inflation rates here in the U.S.: China’s Covid lockdowns. As sweeping shutdowns across the country continue, Rudd considers the impact on global supply chains and inflation around the world. Plus, Etsy sellers are on strike–virtually for a week to protest a hike in fees. In this episode: Kevin Rudd, @MrKRudd Rick Santelli, @RickSantelli Steve Liesman, @steveliesman Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, April 11, 2022
China’s strict “no-Covid” policy is prompting lockdowns across the country, and residents are sharing reports of food shortages and hoarding as they weather the latest wave of the pandemic. CNBC’s Eunice Yoon reports from China on the quarantines and the inflation sweeping the nation . Former FDA Commissioner Dr. Scott Gottlieb details the low vaccination rates in China that might be contributing to such a dire situation over 2 years into the pandemic. White House economist Heather Boushey, a member of President Biden’s Council of Economic Advisors, discusses inflation in the U.S., high energy costs around the world, and what the government might do to mitigate American pocketbook pains. Plus, WarnerMedia and Discovery have made their merger official ; investors and streamers are tuned in for the resulting changes to the entertainment and media landscapes. In this episode: Heather Boushey, @hboushey46 Dr. Scott Gottlieb, @ScottGottliebMD Eunice Yoon, @onlyyoontv Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, April 08, 2022
As Vladimir Putin presses on with Russia’s assaults in Ukraine, the rest of the world has reevaluated the globe’s balance of energy power. The New York Times columnist Tom Friedman discusses the new oil world order and this moment’s legacy in energy markets for years to come. Elon Musk closed out an eventful week with a “cyber rodeo” to celebrate the opening of Tesla’s new gigafactory in Austin, Texas . CNBC’s Phil Lebeau and WSJ’s Tim Higgins discuss the whirlwind week for Tesla, Twitter, and Musk himself. Plus, famed entrepreneur and venture capitalist Peter Thiel shared some harsh words about fellow billionaire Warren Buffett, calling the Oracle of Omaha a “sociopathic grandpa.” In this episode: Tom Friedman, @tomfriedman Tim Higgins, @timkhiggins Phil LeBeau, @Lebeaucarnews Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, April 07, 2022
Elon Musk’s 9.2% stake in Twitter cost him $2.6B–chump change for the wealthiest man in the world, according to fellow billionaire and supporter Ron Baron . But Musk’s ownership and board seat are a big deal for Twitter and for social media on the whole; Reddit co-founder turned VC Alexis Ohanian considers Musk’s intentions and his potential impact on social media as we know it. Plus, President Biden has expressed his support for unionizing Amazon workers , and Warren Buffett’s Berkshire Hathaway has had a productive–and expensive–start to 2022. In this episode: Alexis Ohanian, @alexisohanian Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, April 06, 2022
Filmmaker Ken Burns’ new two-part documentary on PBS documents the life and complicated legacy of Benjamin Franklin. The documentarian joins Franklin biographer Walter Isaacson to discuss how the founding father shaped not only our country, but America’s everyday life, language, education system, and economy. Contemporary innovator Elon Musk is also shaping our daily lives, albeit differently: the anchors discuss his ambitions for Twitter and his multifaceted legacy–flamethrowers, rockets, and all. Plus, CNBC’s Phil LeBeau reports on JetBlue’s $3.6 billion offer for Spirit Airlines , and whether regulators will show as much skepticism as Wall Street analysts. In this episode: Ken Burns, @KenBurns Walter Isaacson, @WalterIsaacson Phil LeBeau, @Lebeaucarnews Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, April 05, 2022
In an extended interview, Matt Damon and Gary White discuss founding their nonprofit Water.org, following over a decade funding global access to safe water and sanitation. The actor and engineer share their inspiration and motivation. Plus, Tesla CEO Elon Musk has been appointed to Twitter’s board of directors after taking a 9.2% stake in the social media giant. In reaction, Twitter saw its best day of trading since its IPO in 2013. Shanghai has extended restrictions on transportation as cases rise and lockdown continues, and in the U.S., the Senate reached a deal on $10 billion in additional Covid funding just in case another Covid wave arrives stateside. In this episode: Matt Damon, @Water Gary White, @Water Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Mon, April 04, 2022
Tesla CEO Elon Musk purchased a giant stake in Twitter making him the largest outside shareholder in the social media stock, not long after criticizing the company for what he said was its failure to uphold the tenets of free speech. Rich Greenfield, partner and co-founder of LightShed Partners, reacts to Elon Musk’s passive stake in Twitter and explains why he thinks Twitter could be an acquisition target—and a buying opportunity for investors. Amazon workers on New York’s Staten Island made history after becoming the first group to vote in favor of unionizing at a U.S. facility operated by the country’s largest e-commerce company. Mary Kay Henry, president of the Service Employees International Union, or SEIU, reacts to the historic unionization vote and a similar sentiment building among Starbucks baristas. Plus, CNBC’s Leslie Picker breaks down the highlights from JPMorgan CEO Jamie Dimon’s annual letter to shareholders. In this episode: Mary Kay Henry, @MaryKayHenry Rich Greenfield, @RichLightShed Leslie Picker, @LesliePicker Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Fri, April 01, 2022
The bond market briefly flashed a warning that recession could be imminent ; Joe Kernen, Becky Quick, Andrew Ross Sorkin, and CNBC’s senior economics reporter Steve Liesman explain Wall Street’s hype about the inverted yield curve. The other talk on Wall Street: a social breakfast between Activision Blizzard CEO Bobby Kotick and trader Alexander von Furstenberg that’s now in the center of official probes into insider trading concerns. Also caught up in the probes are billionaire magnates Barry Diller and David Geffen. Plus, China is in the thick of another battle with Covid, but here at home, former FDA Commissioner Dr. Scott Gottlieb says, we’re nearing the end of its pandemic phase. In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Steve Liesman, @steveliesman Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Thu, March 31, 2022
Wall Street and Washington are still hung up on the Biden administration’s proposed billionaire income tax , but pollster and political strategist Frank Luntz says the majority of Americans are more concerned about gas independence and inflation than they are about wealth. Newly declassified U.S. intelligence indicates Russian President Vladimir Putin feels he was misled by military leaders who did not tell him key details about the botched invasion of Ukraine because they feared angering him, according to top Biden administration officials. The Biden administration is expected to end the asylum limits at the U.S.-Mexico border originally put in place to prevent the spread of COVID-19. The policy has blocked more than 1.7 million attempts by immigrants to cross the border since its start during the Trump administration in March 2020. Plus, CNBC’s Bertha Coombs reports that Walgreens Boots Alliance shares are falling as demand linked to the Covid pandemic slows, and the anchors are singing their way down memory lane. In this episode: Frank Luntz, @FrankLuntz Bertha Coombs, @berthacoombs Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Wed, March 30, 2022
Meme stock mania has returned to the markets. Wild swings in GameStop and AMC stock have drummed up more interest in retail trading trends; Tastytrade founder and Co-CEO Tom Sosnoff considers meme trader philosophy and its impact on market health. Plus, Joe Kernen and Andrew Ross Sorkin’s obsession with the Biden Administration’s budget proposal restricting CEO stock buybacks continues another day – this time, due to athleisure company - and maker of the world’s greatest pants - Lululemon ’s announcement of a $1 billion stock repurchase program. In this episode: Tom Sosnoff, @tastytrade Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Tue, March 29, 2022
President Joe Biden’s $5.8 trillion 2023 federal budget proposes tax hikes on the ultra-wealthy and new rules on corporate buybacks. Senator Elizabeth Warren (D-MA) makes the case for reforms to executive pay and for a minimum income tax for billionaires. Meanwhile, CNBC’s Ylan Mui says Republicans on Capitol Hill are pronouncing Biden’s budget dead on arrival. Plus, Dairy Queen is expanding its burger offerings with the new Stackburger line - the biggest menu expansion in two decades. In this episode: Senator Elizabeth Warren, @SenWarren Ylan Mui, @ylanmui Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Mon, March 28, 2022
President Joe Biden’s 2023 federal budget proposes tax hikes on the ultra-wealthy and on corporations while providing billions of dollars in new spending at the Defense and Justice Departments. Joe, Becky, and Andrew digest the proposal, its potential to bolster domestic investment, and plans to reduce the federal deficit. In light of increasing Covid infections, Shanghai began a two-stage lockdown today . CNBC’s Eunice Yoon reports the lockdown of China’s largest city includes orders to work from home as well as the suspension of public transit and ride hailing. Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, discusses China’s zero-Covid policy and says Shanghai will have a hard time containing Covid infections. Plus, Axios media reporter, Sara Fischer recaps Sunday’s memorable Oscars ceremony, slaps, streaming wins, and all. In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Eunice Yoon, @onlyyoontv Sara Fischer, @sarafischer Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Fri, March 25, 2022
Treasury Secretary Janet Yellen responds to BlackRock CEO Larry Fink’s warning that the end of globalization is nigh. In a wide ranging interview, she weighs the concerns and the benefits of crypto assets, whether we need sanctions on China , and America’s slow journey toward renewable energy. CNBC’s Kayla Tausche reports on NATO’s deal to cut European reliance on Russian oil in Belgium. Plus, March Madness upsets continue, bitcoin is prompting action in the S&P , and Bed Bath & Beyond has struck a deal with activist investor Ryan Cohen. In this episode: Janet Yellen, @SecYellen Kayla Tausche, @kaylatausche Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Thu, March 24, 2022
Larry Fink, CEO and chairman of the world’s biggest asset manager BlackRock, wrote in his annual letter that Russia’s invasion of Ukraine is reversing the long-running trend of globalization . Blackrock, which oversees more than $10 trillion, has suspended the purchase of any Russian securities in its active or index portfolios. CNBC’s Kayla Tausche reports from Brussels, Belgium, where President Biden’s and other NATO leaders are meeting to discuss the Russia-Ukraine war. As Covid cases tick upward abroad and begin to tick upward here at home, Moderna CEO Stephane Bancel says the drugmaker wants to provide U.S. regulators “flexibility” in determining eligibility for a fourth Covid vaccine dose. CNBC’s Meg Tirrell sits down with Bancel ahead of the company’s vaccine day and discusses the company’s latest data surrounding its Covid-19 vaccine in young kids. Plus, Google has agreed to test letting app developers offer users their own payment systems, starting with Spotify. In this episode: Stephane Bancel, @moderna_tx Kayla Tausche, @kaylatausche Meg Tirrell, @megtirrell Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Wed, March 23, 2022
Ukraine’s President Volodymyr Zelenskyy has called for more pressure on Russia as the war appears to be entering a stalemate, and CNBC’s Eamon Javers reports on the Biden administration’s efforts to safeguard the U.S. against a potential Russian cyberattack . JPMorgan CEO Jamie Dimon has suggested the White House form a modern-day ‘Marshall Plan’ to wean the US and Europe off of Russian oil, according to an Axios report. CNBC’s Leslie Picker details Dimon’s perspective and his hopes for a long term plan for transitioning to a low-carbon economy. Plus, Seattle Starbucks baristas have voted to unionize , which sets Howard Schulz up for a busy time as interim CEO. In this episode: Leslie Picker, @LesliePicker Eamon Javers, @EamonJavers Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Tue, March 22, 2022
Federal Reserve Chairman Jay Powell is taking a tough stance on inflation --a lot tougher than the markets had expected. In an effort to combat rising prices, the central bank head suggested that the next interest rate hike might be higher than the quarter percentage point announced last week. Maryland Gov. Larry Hogan explains how the state’s gas-tax pause is helping residents save at the pump. He admits it’s only a temporary solution; a long term fix would be to “increase production here at home so we’re not so reliant on foreign countries for our oil.” Axios media reporter Sara Fischer and Puck News founding partner Matt Belloni weigh in on Disney’s response to Florida’s “Don’t Say Gay” bill as employees continue to express their discontent with CEO Bob Chapek. CNBC’s Julia Boorstin shares intel on the situation from her sources in media. Plus, Christie’s is offering one of Andy Warhol’s famed Marilyn Monroe portraits for just $200 million. In this episode: Sara Fischer, @sarafischer Matt Belloni, @MattBelloni Gov. Larry Hogan, @GovLarryHogan Michael Santoli, @michaelsantoli Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Mon, March 21, 2022
Disney’s old guard and new guard are butting heads in the company’s boardroom, and the tensions between Bob Iger and Bob Chapek are getting awkward. As Russian troops continue their assaults in Ukraine, world leaders prepare for a NATO meeting with a singular objective: to stop Vladimir Putin. Former US Ambassador to Nato Ivo Daalder considers the biggest risks to European stability and the best tools to prompt an end to the conflict. In China, Boeing is helping to investigate a 737 plane crash while still rebuilding its reputation after the 737 Max tragedies. Plus, Warren Buffett’s taking Berkshire Hathaway on a shopping spree , and CNBC’s Jabari Young explains the waning luster of March Madness. In this episode: Ivo Daalder, @IvoHDaalder Jabari Young, @JabariJYoung Kelly Evans, @KellyCNBC Michael Santoli, @michaelsantoli Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie
Fri, March 18, 2022
The markets are on track for their best week since November 2020, despite geopolitical risks continuing to brew abroad. CNBC’s Meg Tirrell reports on the rising Covid-19 cases across Europe, and what experts think that means for the U.S.’s pandemic response. Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, also breaks down the latest surge, but says the U.S. will not see a major wave of infections as we head into the spring and summer. President Joe Biden signed an executive order last week directing agencies to study cryptocurrencies as well as to come up with a government-wide approach to regulating digital assets. Perianne Boring, Chamber of Digital Commerce founder and president, says the move is a “huge validation” for blockchain. Plus, March Madness has begun! Joe Kernen discusses his not-so-perfect brackets with guest hosts Brian Sullivan and Michael Santoli. In this episode: Perianne Boring, @PerianneDC Dr. Scott Gottlieb, @ScottGottliebMD Meg Tirrell, @megtirrell Brain Sullivan, @SullyCNBC Michael Santoli, @michaelsantoli Joe Kernen, @JoeSquawk Klaire Odumody, @klairemarie
Thu, March 17, 2022
The markets react to the Fed’s strategy to combat inflation with the first rate hike in over three years . Former Vice Chair of the Federal Reserve Roger Ferguson considers whether six more hikes in 2022 would increase the probability of a U.S. recession, and whether investors are haunted by the last time the Fed tried to fix inflation with big hikes. Plus, President Biden has some sharp words for President Putin, and Netflix might be cracking down on shared accounts. In this episode: Steve Liesman, @steveliesman Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Klaire Odumody, @klairemarie
Wed, March 16, 2022
Starbucks is shaking up its leadership. In an exclusive interview, Starbucks board chair Mellody Hobson discusses Kevin Johnson’s surprise departure from his role as CEO , and she explains the board’s decision to call on founder Howard Schultz to step in. Billionaire investing legend Leon Cooperman weighs his 55 years on Wall Street when managing his portfolio in today’s market. Plus, Ukraine’s President Volodimir Zelensky appeals directly to the US government, and it might be time to put Daylight Savings Time to bed , once and for all. In this episode: Mellody Hobson, @MellodyHobson Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Klaire Odumody, @klairemarie
Wed, March 16, 2022
Chinese tech stocks are under serious pressure as domestic and international regulators heighten scrutiny on Chinese firms and Covid cases prompt lockdowns in Chinese manufacturing facilities and port cities. Meanwhile, Russia denies that the Kremlin asked Beijing for military support and for aid in avoiding Western sanctions as it wages war in Ukraine, and Chinese officials deny that they signaled being open to Russia’s request. After a 7-hour, “intense” talk between U.S. and Chinese officials about the conflict, the world still has little clarity on China’s stance. Here at home, the White House is rolling out a new program to ease supply chain congestion; Transportation Secretary Pete Buttigieg explains the strategy and the impact of infrastructure investment on inflation. Plus, global investors are weighing the risk of Russia defaulting on its debt, and on Equal Pay Day, the gender pay gap is just as present as ever. In this episode: Sec. Pete Buttigieg, @SecretaryPete Eunice Yoon, @onlyyoontv Leslie Picker, @LesliePicker Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Klaire Odumody, @klairemarie
Mon, March 14, 2022
China’s Covid cases are now the highest they’ve been since the beginning of the pandemic. Domestically, the country is addressing health concerns by halting business and production while simultaneously cracking down on its biggest tech stocks . Internationally, Chinese leaders are meeting with U.S. officials to discuss China’s role in Russia’s war on Ukraine. CNBC’s Kayla Tausche reports on the latest attacks in Ukraine and the week’s negotiation agenda for global powers. Two years after the WHO declared the coronavirus a global pandemic, Dr. Scott Gottlieb reflects on the long road since then, and considers global risks of a resurgence. Plus, the NFL’s shortest retirement: Tom Brady is heading back to the field less than two months after announcing his departure. In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Kayla Tausche, @kaylatausche Steve Liesman, @steveliesman Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, March 11, 2022
Two years after the WHO declared Covid-19 a global pandemic, CNBC’s Meg Tirrell reflects on how far we’ve come, in a conversation exclusive to Squawk Pod. Pfizer CEO Albert Bourla traces our progress from manufacturing the first vaccine to battling various strains as they evolve. Bourla maps out the annual vaccinations on our road still ahead. In Eastern Europe Vladimir Putin has referred to “positive shifts” in Russia’s talks with Ukraine, giving the global markets hope for an imminent end to the conflict, although many doubt the veracity of his comments. In the meantime, the U.S. Senate has passed a $1.5 trillion spending bill that includes aid for Ukraine. Plus, the MLB is back and ready to play ball. In this episode: Albert Bourla, @AlbertBourla Meg Tirrell, @megtirrell Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Melissa Lee, @MelissaLeeCNBC Katie Kramer, @Kramer_Katie
Thu, March 10, 2022
Efforts at diplomacy between Russia and Ukraine have so far been unproductive, and foreign leaders including Vice President Kamala Harris and Canada’s Prime Minister Justin Trudeau are now in Poland to facilitate talks and support Ukraine. The conflict has affected American gas prices, and Operation Hope CEO John Hope Bryant discusses impacts on consumer wallets and on corporate strategies. In the wake of Microsoft’s deal to buy Activision Blizzard, the SEC is investigating concerns of insider trading that took place before the deal was announced; entertainment mogul Barry Diller strongly insists that he, his stepson Alex von Furstenberg, and fellow mogul David Geffen made “a lucky bet” on Activision Blizzard, and that the transactions were legal. President Biden’s executive order to examine cryptocurrencies prompted a bounce in bitcoin prices, and United Airlines is allowing some unvaccinated workers to return to their jobs later this month. Plus, one health insurer is considering a rebrand, and Amazon’s stock split might shake up the Dow. In this episode: John Hope Bryant, @johnhopebryant Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, March 09, 2022
Following over 300 other western companies, McDonald’s has temporarily closed its restaurants in Russia while Vladimir Putin continues his war in Ukraine. CNBC’s Steve Liesman, a founding business editor of The Moscow Times and a former reporter for The Wall Street Journal in Russia, recalls the first Russian McDonald’s and what it symbolized for a nation once cut off from the western world. In conversations exclusive to Squawk Pod, he and fellow reporter Diana Olick, a former student in the Soviet Union, discuss the once “insatiable” Russian appetite for all things American, and the direction in which Putin is now steering his people. Plus, The New York Times columnist Tom Friedman considers China’s current power dynamic, as President Xi “tap dances” between supporting its ally Russia and remaining neutral, in case Putin loses his war. In this episode: Tom Friedman, @tomfriedman Diana Olick, @DianaOlick Steve Liesman, @steveliesman Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Tue, March 08, 2022
In the latest international response to Russia’s invasion of Ukraine, the U.S. will ban imports of Russian oil . As the conflict escalates, global oil prices are skyrocketing, and Again Capital’s John Kilduff points out that oil price spikes have historically preceded recessions. Global head of commodity strategy at RBC Capital Markets Helima Croft traces the ripple effects of the invasion through the global oil markets to gas pumps and the White House. CNBC’s Ylan Mui reports on congressional support for American sanctions on Russia, despite the cost for stateside consumers . Plus, the NFL has suspended Calvin Ridley for betting on games. In this episode: Helima Croft, @CroftHelima John Kilduff, @KilduffReport Ylan Mui, @ylanmui Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Zach Vallese, @zachvallese
Mon, March 07, 2022
The U.S. and its allies are considering banning Russian oil and natural gas imports in response to the country’s invasion of Ukraine. Daniel Yergin, S&P Global vice chairman, discusses oil and surging gas prices ahead of the 40th annual CERAWeek energy conference. NBC’s Molly Hunter reports that Russian and Ukrainian officials are working on a humanitarian corridor for evacuations, but no deal has been reached yet. New Jersey Gov. Phil Murphy discusses the state’s decision to end its Covid-19 mask mandate in schools starting Monday. Plus, Warren Buffett’s Berkshire Hathaway has a $5B stake in Occidental Petroleum and Batman soars in the biggest box office debut of 2022. In this episode: Daniel Yergin, @DanielYergin Governor Phil Murphy, @GovMurphy Brian Sullivan, @SullyCNBC Molly Hunter, @mollymhunter Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Zach Vallese, @zachvallese
Fri, March 04, 2022
After the Russian military fired on and seized control of Europe’s largest nuclear plant in Ukraine, retired U.S. army colonel and a Medal of Honor recipient Jack Jacobs discusses Vladimir Putin’s military strategy, as well as the war’s most likely outcome. CNBC’s Robert Frank details the sanctions levied on dozens of Russian oligarchs, and author Ben Mezrich reflects on his experience yachting and clubbing with the Russian oligarchs who put Putin in power. Mezrich has written about Russian and bitcoin billionaires, and considers whether crypto is the currency of choice for the country’s elite. In this episode: Jack Jacobs, @ColJackJacobs Ben Mezrich, @benmezrich Robert Frank, @robtfrank Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, March 03, 2022
The Biden administration has unveiled a new plan for the ongoing pandemic, continuing production of vaccines and tests to minimize disruptions in the face of any new waves of infection. Former FDA Commissioner Dr. Scott Gottlieb discusses U.S. preparedness and the likelihood of new strains emerging in the fall. A week into Russia’s war in Ukraine, CNBC’s Kayla Tausche reports that over 2,000 civilians, and over 6,000 Russian troops have died. Plus, Peloton co-founder and ex-CEO John Foley has sold off $50 million in PTON stock, and the company is gearing up for big changes led by its new CEO, ex-Netflix executive Barry McCarthy. In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Kayla Tausche, @kaylatausche Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, March 02, 2022
Famed value investor Bill Miller of Miller Value Partners joins Ariel Investments co-CEO Mellody Hobson to share investment advice as war abroad escalates and inflation at home rises. Some of Miller’s biggest positions are in Amazon, Alphabet, and Meta, and he says, Meta stock is cheap, and the case for bitcoin is strong. Hobson says value investors are enthusiastic about leisure and entertainment stocks, like hotels and casinos. Joe, Becky, and Andrew break down President Biden’s first State of the Union address and consider Russia’s implication for the oil markets and America’s tolerance for more inflation. Plus, Elon Musk noticed he and Tesla were missing from the President’s speech; the Squawk team considers how the two might repair their relationship. In this episode: Bill Miller, @B3_MillerValue Mellody Hobson, @MellodyHobson Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, March 01, 2022
As the Western world’s sanctions pile onto Russia, CNBC’s Steve Liesman considers the effect they’ll really have for the Russian economy and the Russian people. Speaking from his experience as a journalist in Moscow, Liesman explains the Russian government’s relationship to its citizens and the country’s difficult financial history. Meanwhile, U.S. corporations including Netflix, Disney, and Warner Bros. are taking a stand for Ukraine , and Airbnb is helping to coordinate housing for refugees . Airbnb CEO Brian Chesky discusses the cost and the capacity to serve the hundreds of thousands of Ukrainians fleeing violence. Plus, tennis champion Serena Williams’s venture capital firm Serena Ventures has raised $111 for its inaugural fund. She and General Partner Alison Stillman discuss the importance of representation in venture capital and investing in diverse perspectives. In this episode: Serena Williams, @serenawilliams Brian Chesky, @bchesky Steve Liesman, @steveliesman Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Mon, February 28, 2022
Bill Daley, vice chairman of public affairs at Wells Fargo and former chief of staff in the Obama administration, discusses new sanctions against Russia, including the move to block some access to the SWIFT international payment system. CNBC’s Kayla Tausche breaks down the latest moves from the U.S. Treasury Department against Russia, CNBC’s Robert Frank reports on the swath of new sanctions from Western nations against Russian elites, and Eunice Yoon reports from Beijing, where China is struggling to remain neutral over Russia’s attack on Ukraine. Plus, Federal Reserve Chairman Jerome Powell is due to testify before Congress on Wednesday and Thursday for the central bank’s semiannual monetary policy report to lawmakers. Investors will be watching the testimonies closely for any indication on how the Russia-Ukraine crisis may affect the Fed’s plans for raising interest rates and tightening monetary policy more broadly. In this episode: Bill Daley, @WellsFargo Kayla Tausche, @kaylatausche Robert Frank, @robtfrank Eunice Yoon, @onlyyoontv Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, February 25, 2022
As Russia bombards Ukraine and advances on Kyiv, and Western powers consider deterrence strategies, market swings match changes in the power dynamic. After a call between China’s President Xi and Russia’s President Putin, Russian news outlets reported that Russia would be willing to start talks with Ukraine at a meeting in Minsk. Niall Ferguson, renowned historian, Hoover Institution senior fellow and founder of Greenmantle, discusses Europe’s reliance on Russia’s oil and gas. As investors seek safe haven amid international conflict, crypto bull Anthony Pompliano considers whether bitcoin counts as “digital gold,” or a safe hedge in times of uncertainty. Plus, the Musk brothers are still in hot water with the SEC. In this episode: Anthony Pompliano, @APompliano Niall Ferguson, @nfergus Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, February 24, 2022
Russia has launched an invasion of its neighbor Ukraine, with military assaults on several key Ukrainian cities including its capital, Kyiv. City officials said the offensive has already killed dozens of soldiers and several civilians. Jack Jacobs, retired U.S. army colonel and a Medal of Honor recipient, discusses global deterrence strategy and says, "It is a war, there's no doubt about it." CNBC’s Kayla Tausche reports on how the White House is reacting to Russia’s attack on Ukraine, NBC’s Matt Bradley is on the ground in Moscow, and Eunice Yoon reports from Beijing, where China has refused to call the Russian attack on Ukraine an ‘invasion.’ Kyle Bass, founder and CIO of the global events-focused hedge fund Hayman Capital Management, discusses Russia’s relationship with China and what this could mean for the future of Taiwan. Plus, CNBC’s Dominic Chu tracks the market’s response to Russia’s aggression, eyeing wheat and oil prices and considering a war’s impact on inflation. In this episode: Jack Jacobs, @ColJackJacobs Kyle Bass, @Jkylebass Kayla Tausche, @kaylatausche Eunice Yoon, @onlyyoontv Dom Chu, @TheDomino Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, February 23, 2022
Democratic candidate for Georgia governor Stacey Abrams discusses her new book, “Level Up: Rise Above the Hidden Forces Holding Your Business Back,” and shares her plan for bolstering small businesses across the country. In a wide-ranging conversation, Abrams covers Congressional fundraising, voting rights, and the state of the Democratic Party. As Russia appears poised for further invasion of Ukraine, the U.S. is imposing economic sanctions on the country in hopes of determent. CNBC’s Kayla Tausche reports on the nature of the sanctions, and U.S. Deputy Secretary of the Treasury Wally Adeyemo explains how the U.S. and its allies may help show President Putin all that’s at stake for his country, should he persist. Plus, Elon Musk is airing his frustration with the Biden administration, more truckers are airing their frustrations with vaccine mandates and inflation, and Covid cases have plummeted over 90% in just five weeks. In this episode: Stacey Abrams, @staceyabrams Wally Adeyemo, @wallyadeyemo Kayla Tausche, @kaylatausche Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, February 22, 2022
Russian President Vladimir Putin has ordered troops into two breakaway regions of eastern Ukraine after announcing Monday evening that he would recognize their independence. NBC’s Matt Bradley reports from Kiev on the escalating tensions between Russia and Ukraine , as well as international implications for China and responses from the EU, UN, and NATO. Marriott CEO Tony Capuano discusses the rebound in leisure travel and the impact of Covid-19 on its business. Home Depot reported a strong fiscal fourth quarter and projected more growth ahead for 2022, but some investors wonder if home improvement’s hot streak will cool as inflation rises and pandemic concerns wane. Plus, Credit Suisse is weathering a dramatic data leak , and Elon Musk is still squabbling with the SEC. Happy Margarita Day!! In this episode: Tony Capuano, @Marriott Matt Bradley, @MattMcBradley Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, February 18, 2022
Warren Buffett is setting the record straight after The Wall Street Journal insinuated that Berkshire Hathaway might have had inside information on the Microsoft-Activision Blizzard deal that informed his own timely ATVI buy. Buffett said the stock buys were made by “one of the two investment managers who operate independently of me at Berkshire” – a reference to Berkshire investors Ted Weschler and Todd Combs – and were completed long before the acquisition was announced. Steve Ballmer, former Microsoft CEO and the company’s largest shareholder, discusses the Activision Blizzard deal, investing--or not investing--in the metaverse, inflation, and the markets. As founder of the non-partisan, nonprofit data organization USA Facts, Ballmer shares data on the US population amid the pandemic, as well as misinformation. The Ukraine-Russia crisis entered a tense new day , as reports indicated there were new outbreaks of violence and ceasefire violations. Plus, happy fry-day! In this episode: Steve Ballmer, @Steven_Ballmer Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, February 17, 2022
Ongoing tension at the Russia-Ukraine border continues to impact market sentiment. The U.S. Ambassador to the United Nations says the conflict has reached a “crucial moment” and that Russia is moving toward “an imminent invasion.” Senate Republicans are blocking votes on President Joe Biden’s five nominees for the Federal Reserve Board, creating an impasse while the central bank is under increasing pressure to combat inflation. Sen. Kevin Cramer (R-ND.), discusses delaying the vote and why he has particular ethical concerns for nominee Sarah Bloom Raskin. Jennifer Sey, former Levi’s Brand president, discusses how publicizing her personal views created problems for her career, and whether it’s happening to other employees across the country. Plus, there are big changes at the FAA and some tech stocks are beginning to lose their luster. In this episode: Sen. Kevin Cramer, @SenKevinCramer Jennifer Sey, @JenniferSey Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Phil LeBeau, @Lebeaucarnews Katie Kramer, @Kramer_Katie
Wed, February 16, 2022
Moderna CEO Stephane Bancel finds it “reasonable” to think the pandemic might be over , but economies and politics around the world must recover in its wake. Cameron Mitchell, CEO of Cameron Mitchell Restaurants, discusses the increased labor and product costs hitting all restaurateurs, whether Covid ends or not. Arthur Brooks, Harvard professor and The Atlantic contributor, discusses Canada’s Prime Minister Justin Trudeau and his approach to truckers protesting vaccine mandates. Brooks considers leadership before and beyond the pandemic: “If you don't love everybody, if you don't believe in the equal dignity of all people, you can't be an effective leader.” The ‘Art of Happiness’ podcast host also discusses his new book, ‘From Strength to Strength.’ Plus, big media is making big moves, like ViacomCBS’s rebrand to Paramount Global , and the Squawk anchors are sharing their game show favorites. In this episode: Arthur Brooks, @arthurbrooks Cameron Mitchell, @CMRColumbus Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, February 15, 2022
Russia appears to be backing away from an immediate invasion of Ukraine , cooling geopolitical tensions that have knocked the stock market down the last three days. Daleep Singh, deputy national security advisor for international economics and a deputy assistant to the President, discusses the Russia-Ukraine border crisis and confirms that the U.S. is prepared to levy severe sanctions on Russia, should President Putin pursue an invasion. Warren Buffett’s Berkshire Hathaway bought roughly $1 billion in Activision Blizzard shares during the fourth quarter, right before Microsoft agreed to buy the video game maker. Plus, underwear company Tommy John sealed a deal with former PVH chairman and current partner at PE firm LNK Partners, Manny Chirico, who has joined the company’s board of directors. Tom Patterson, Tommy John co-founder and CEO, joins Manny Chirico to discuss their new partnership. In this episode: Tom Patterson, @tompattersonnyc Matt Bradley, @MattMcBradley Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, February 14, 2022
A super-sized episode, starting with St. Louis Federal Reserve President James Bullard’s suggestion of a super-sized hike in interest rates. After Bullard’s original comments spooked the markets last week, he makes his case to mitigate 40-year inflation highs with a fast reaction from the U.S. central bank. Abroad, tensions between Russia and Ukraine--and now the rest of the world--remain unresolved, and investors gauging the geopolitics remain uncertain. Russia’s Foreign Minister Sergey Lavrov suggested Russia would continue diplomatic talks with the West, a move toward deescalation. Plus, The Los Angeles Rams defeated the Cincinnati Bengals in Super Bowl 56, but there was another battle--between crypto companies--during breaks from the game. President of crypto exchange FTX U.S. Brett Harrison discusses crypto commercials at the Super Bowl, his platform’s own collaboration with comedian Larry David, and Coinbase’s QR code that crashed its website. In this episode: James Bullard, @stlouisfed Brett Harrison, @Brett_FTXUS Mike Santolli, @michaelsantoli Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, February 11, 2022
Inflation is squeezing consumer wallets, and it’s likely to soon start affecting the housing market. Becky Quick and Brian Sullivan discuss how the latest inflation data may strongarm the Fed into taking more aggressive economic action than originally planned for 2022. Truckers protesting vaccine mandates on the U.S.-Canada border are disrupting an already fraught auto industry. New York Times columnist Tom Friedman admits their right to protest and underlines his own right to label the activism “selfish.” As states begin to lift mask mandates, Dr. Scott Gottlieb considers the impact of rates of Covid infection. Cases might not decrease as rapidly, but he says they’ll remain on the decline. Plus, Congress is regulating their own portfolios, and Becky’s preparing for an #AskMeAnything interview with Berkshire Hathaway’s Charlie Munger. Submit questions of your own to dailyjournalquestions@cnbc.com ! In this episode: Tom Friedman, @tomfriedman Dr. Scott Gottlieb, @ScottGottliebMD Becky Quick, @BeckyQuick Brian Sullivan, @SullyCNBC Katie Kramer, @Kramer_Katie
Thu, February 10, 2022
Inflation rose 7.5% over the past year, its highest level since 1982 . Jim Paulsen, The Leuthold Group CIO, CNBC’s Rick Santelli and Steve Liesman break down January’s key consumer price index data. Twitter reported fourth quarter financial results that missed analyst estimates on earnings, revenue, and user growth. The report is the first under new CEO Parag Agrawal after Jack Dorsey stepped down from the role in November. Twitter CFO Ned Segal discusses the company's latest acquisitions and its share buyback program. Connecticut Gov. Ned Lamont breaks down the state’s decision to lift its mask mandate in schools starting Mon. Feb. 28th. Plus, Uber and Pepsi are sharing their good news after reporting better than expected quarterly results. In this episode: Rick Santelli, @RickSantelli Steve Liesman, @steveliesman Ned Segal, @nedsegal Goc. Ned Lamont, @GovNedLamont Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, February 09, 2022
Support is growing among lawmakers on Capitol Hill for legislation that would ban lawmakers from trading stocks. CNBC’s Ylan Mui reports on Pelosi’s proposal, and Senator Steve Daines (R-Mont.), who sits on the Senate Finance Committee, explains the bipartisan support to ban stock trading among Congressional lawmakers. Transportation Sec. Pete Buttigieg discusses U.S. companies investing in manufacturing and ensuring the nation’s electric vehicle infrastructure is made at home. New York is pulling back its strict indoor mask mandate, marking a turning point in how the former epicenter of Covid responds to the pandemic. Plus, Lyft falls short on riders, and Meta’s major market cap slips below a key level. In this episode: Sen. Steve Daines, @SteveDaines Sec. Pete Buttigieg, @SecretaryPete Ylan Mui, @ylanmui Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, February 08, 2022
Carlyle Group co-founder David Rubenstein says investors should not expect rising inflation or a major stock market downturn to spiral the United States into a recession. Rubenstein shares his market outlook and the impact of growing tensions between Russia and Ukraine. Millions of Americans are expected to bet on the Super Bowl this weekend . CNBC’s Contessa Brewer reports on what has changed as states move to legalize sports betting. Goldbelly founder and CEO Joe Ariel breaks down the game day favorites accompanying those football bets and discusses a surge in food e-commerce amid omicron and inflation. Plus, Dan Ives, Wedbush Securities senior equity analyst, discusses a shakeup at Peloton as John Foley announces his plans to step down as CEO and a slew of layoffs. In this episode: David Rubenstein, @DM_Rubenstein Joe Ariel, @JoeAriel Dan Ives, @DivesTech Contessa Brewer, @contessabrewer Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, February 07, 2022
Frontier Airlines and Spirit Airlines, the two largest low-cost carriers in the U.S., have agreed to merge in a $6.6 billion deal , CNBC’s Phil LeBeau reports. Frontier will control 51.5% of the new airline. Former SEC chairman Jay Clayton discusses the Department of Justice’s latest probe into roughly a dozen short-selling firms, and considers the value of all market players, positive and negative. Ashley Marchand Orme, JUST Capital director of corporate equity, discusses how well the nation’s largest corporations are disclosing their diversity data a year after they pledged to step up their commitment to DEI. Plus, Peloton shares are soaring on potential takeover talks and Spotify has apologized to its employees for the way in which the Joe Rogan podcast controversy has impacted them. In this episode: Jay Clayton, @SECGov Ashley Marchand Orme, @justcapital_ Phil LeBeau, @Lebeaucarnews Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, February 04, 2022
AT&T is spinning off WarnerMedia in a $43 billion merger with Discovery. AT&T CEO John Stankey and Discovery CEO David Zaslav discuss the deal, the rollout of 5G, and the separate futures of telecom and streaming from the AT&T Pebble Beach Pro-Am golf tournament. Plus, the executives respond to the surprise departure of CNN President Jeff Zucker. In this episode: John Stankey, @ATT David Zaslav, @Discovery Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, February 03, 2022
Facebook parent Meta delivered disappointing quarterly results , and its stock is taking a hit in response. CEO Mark Zuckerberg cited supply chain and inflation issues hitting advertiser budgets and fallout from Apple’s new iOS, but the stock still lost a fifth of its value overnight. Adam Singolda, founder and CEO of advertising platform Taboola, joins venture capitalist Kevin O’Leary to discuss Meta’s momentous miss, its metaverse ambitions, and Spotify’s path beyond the Joe Rogan controversy. Plus, the WNBA has scored its first capital raise, the largest ever for a women’s sports property; commissioner Cathy Engelbert and WNBA legend--and now investor--Swin Cash discuss the league’s courtside and digital future. In this episode: Kevin O’Leary, @kevinolearytv Swin Cash, @SwinCash Cathy Engelbert, @CathyEngelbert Adam Singolda, @AdamSingolda Mike Santoli, @michaelsantoli Melissa Lee, @MelissaLeeCNBC Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Wed, February 02, 2022
In the wake of Brian Flores’s lawsuit against the NFL and three of its teams, CNBC’s sports business reporter Jabari Young and Washington University’s director of the sports business program Patrick Rishe discuss the legacy of racial inequity in the league and the ripple effects of the ex-head coach’s allegations. Journalist and Yale University lecturer Joanne Lipman considers Spotify’s decision to stand by Joe Rogan, even as more musicians follow Neil Young’s lead. Spotify’s $100 million check to the podcaster brings the company into the debate about content moderation and protections: is it a platform, or a publisher? Tech stocks, which led the market sell-off in January, have been key drivers of the three-day rebound, and Google-parent Alphabet’s strong quarter is pushing its stock--and the rest of the tech cohort--even higher. Meanwhile, shares of PayPal slipped over 25% a day after the company provided weak guidance that it blamed in part on inflation. Plus, Elon Musk is defending his infamous 420 tweet (again), and a whole lot more winter is coming! In this episode: Patrick Rishe, @PatrickRishe Joanne Lipman, @joannelipman Jabari Young, @JabariJYoung Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Tue, February 01, 2022
Black spending power reached a record $1.6 trillion in 2021, up 171% since 2000, but CNBC’s Frank Holland reports that Black Americans have seen their net wealth decline 14%. Bob Johnson, founder and chairman of RLJ Companies and founder of the BET Network, kicks off Black History Month with a discussion about closing the racial wealth gap . Johnson considers whether President Biden’s Build Back Better plan will ultimately improve economic mobility, and he lays out the biggest streaming players in media right now. FBI Director Christopher Wray delivered a speech on Chinese corporate espionage , saying the threat to the West from the Chinese government is “more brazen” and damaging than ever before. CNBC’s Eamon Javers reports on why LinkedIn could be a spy’s way in. Plus, Peloton is lowering expectations for its own performance, and The New York Times has bought Wordle . In this episode: Bob Johnson, @RLJOfficial Eamon Javers, @EamonJavers Frank Holland, @FrankCNBC Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, January 31, 2022
Tech investing titan and retail trader favorite Cathie Wood is doubling, tripling, quadrupling down on her speculative tech portfolio strategy, despite recent losses. Matthew Tuttle, founder of the “anti-ARKK fund” SARKK is shorting Wood’s own ETF . In China, keeping Covid-19 in check comes at a great price for its residents; CNBC’s Beijing Bureau Chief Eunice Yoon reports on the long testing lines and government surveillance that are now a part of everyday life. In the wake of Spotify’s decision to back controversial podcaster Joe Rogan over musician Neil Young and the subsequent #DeleteSpotify social media push, Joe Rogan has apologized to the company and stated that he’s open to changes on his show. Plus, Tesla’s tapping into the karaoke market, and the NFL had a dramatic weekend. In this episode: Matthew Tuttle, @TuttleCapital Eunice Yoon, @onlyyoontv Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, January 28, 2022
Thanks to the Fed’s emergency stimulus measures, the U.S. economy saw its fastest pace of growth since the 1980s in 2021. To combat the resulting inflation however, the Fed plans to dial those measures back, starting with a rate hike in March. Carlos Gutierrez, former Commerce Secretary, former CEO of Kellogg’s, and co-founder of Empath, says that CEOs will have to deal with inflation now, whether it’s transitory or not. In the face of yet another Covid-19 variant, Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, breaks down what experts know about BA.2. Plus, Apple reported its best single quarter revenue ever despite supply challenges, and Southwest Airlines is considering a return of in-flight booze. In this episode: Carlos Gutierrez Scott Gottlieb, @ScottGottliebMD Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, January 27, 2022
Legendary investor Stanley Druckenmiller says he’ll be listening to the bond market as the Federal Reserve backs away from its economic easing policies. CNBC’s Steve Liesman breaks down Fed Chair Jay Powell’s tricky road ahead. Hedge funder Bill Ackman bought up enough Netflix stock to make him one of the streamer’s top 20 shareholders. Musician Neil Young set an ultimatum for Spotify, asking the team to remove either Joe Rogan’s ‘The Rogan Experience,’ which Young claims is spreading Covid-19 misinformation, or his own music. Spotify picked its lucrative podcaster Joe Rogan over the works of legendary rocker. Axios reporter Sara Fischer breaks down why Spotify’s optimism about podcast advertising dollars might have justified the decision. In this episode: Sara Fischer, @sarafischer Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Steve Liesman, @steveliesman Katie Kramer, @Kramer_Katie
Wed, January 26, 2022
The market’s wild swings have not deterred retail investors; Tastytrade founder Tom Sosnoff breaks down trading volume and trading appetite among the smaller market players. ARK Invest’s Cathie Wood isn’t deterred by big tech’s big swings either, and she’s doubling down on her strategy. Mattel has won back the license to make Disney princess toys , Microsoft is optimistic about its future in the cloud, and the U.S. Commerce Department is warning of a concerningly low semiconductor inventory. Plus, Elton John is postponing some of his shows. In this episode: Tom Sosnoff, @tastytrade Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, January 25, 2022
After the biggest intraday market bounceback in years, investors are making sense of tech stock stumbles, inflation fears, and uncertainty from the Fed. Cryptocurrencies are still trading lower, with bitcoin down 50% from its highs . About 8,500 American troops are standing by for deployment as the U.S. and its European allies watch Russia-Ukraine tensions escalate . CNBC’s Kayla Tausche breaks down the U.S. response to the rising likelihood of a Russian invasion, and Hayman Capital Management CIO and global investor Kyle Bass considers the conflict’s impact on portfolios and geopolitical stability. Plus, it’s been a year since the Reddit Rebellion. WSJ journalist and “The Revolution That Wasn’t” author Spencer Jakab explains what’s changed--and what hasn’t--since the ‘little guys’ took on Wall Street. In this episode: Kyle Bass, @Jkylebass Spencer Jakab, @Spencerjakab Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Kayla Tausche, @kaylatausche Katie Kramer, @Kramer_Katie
Tue, January 25, 2022
Listen to CNBC's special report about today's market volatility. From which stocks were hit hardest, to fears of war between Russia and Ukraine, and whether the Federal Reserve is moving too fast.
Mon, January 24, 2022
U.S. stocks fell today following the S&P 500′s worst week since March 2020. Riskier assets are also selling off, with bitcoin plunging over the weekend, wiping out nearly half of its value. Lloyd Blankfein, former CEO of Goldman Sachs, discusses cryptocurrencies, plus the Fed’s plan for rate hikes ahead of the FOMC meeting this week . Blankfein explains why he thinks bank stocks are a good place for investors to be and why his view on digital currencies is evolving. Sal Khan, founder and CEO of Khan Academy, provides an update after almost 2 years of remote schooling, and a new NFT project from Parallel NFT project donating 100% of proceeds from the auction to Khan Academy. In this episode: Lloyd Blankfein, @lloydblankfein Sal Khan, @khanacademy Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, January 21, 2022
The Nasdaq is firmly in correction territory, with Peloton and Netflix leading the slide downhill. Veteran investor Jeremy Grantham says there’s more to come , predicting a multi-asset bubble burst, resulting in a 45% decline in stocks. After CNBC’s report that Peloton would halt production of its products and concerns about insider trades in the c-suite, Peloton’s been on a bumpy ride. Its stock price returning to earth from the stratosphere could make it a good target for M&A, maybe even Apple. Plus, Intel is pouring $20 billion on two new manufacturing plants outside of Columbus, Ohio. CEO Pat Gelsinger and CNBC’s Jon Fortt discuss the news, the state of American production, and staying competitive on the global stage. In this episode: Pat Gelsinger, @PGelsinger Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Jon Fortt, @jonfortt Katie Kramer, @Kramer_Katie
Thu, January 20, 2022
American Airlines CEO Doug Parker spoke with CNBC’s Phil LeBeau and the ‘Squawk Box’ team to break down the company’s latest fourth-quarter earnings report . In his last interview as CEO, Parker considers omicron’s impact on industry recovery, provides a bookings forecast for the spring, and discusses the nation’s 5G rollout . The Winter Olympics kick off in two weeks, but NBC’s announcers have decided against traveling to Beijing over Covid-19 concerns. Plus, is it finally time for NYC employees to return to the office--and the office commute? If they don’t, there could be dire consequences for the rest of the city. In this episode: Doug Parker, @AmericanAir Phil LeBeau, @Lebeaucarnews Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, January 19, 2022
Microsoft’s enormous deal for Activision Blizzard might be the catalyst for consolidation of metaverse projects in 2022 . AT&T and Verizon have turned on a major new part of 5G coverage , but alarm from some airlines has delayed the launch near U.S. airports. Verizon CEO Hans Vestberg discusses 5G safety and how the new 5G C-band coverage could supercharge the internet, just in time for more metaverse projects. Plus, Pfizer’s new Covid antiviral drug is effective against the omicron variant, and stock sales from Peloton executives are raising some eyebrows while CNBC’s Robert Frank raises the bar for anchor workouts. In this episode: Hans Vestberg, @hansvestberg Brian Trunzo, @NTBro Cathy Hackl, @CathyHackl Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Julia Boorstin, @JBoorstin Katie Kramer, @Kramer_Katie
Tue, January 18, 2022
Microsoft announced it will buy video game giant Activision Blizzard in a $68.7 billion all-cash deal . Under the deal, Activision CEO Bobby Kotick, who has faced calls to resign over the cultural problems within his company, will remain CEO during the transition. Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, discusses the omicron Covid variant and says its global spread is inevitable. CNBC’s Eunice Yoon reports on China’s latest efforts to tamp down a recent uptick in Covid-19 infections, just weeks before the Olympics. Billionaire investor Chamath Palihapitiya triggered a backlash on social media after saying during a recent episode of his podcast that “nobody cares” about the ongoing human rights abuses against the Uyghurs in China. Palihapitiya now says his comments “lacked empathy.” Plus, Netflix raised monthly prices for its streaming service in the U.S and Canada, bringing the premium plan up to $19.99 per month. In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Eunice Yoon, @onlyyoontv Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, January 14, 2022
Carl Bernstein, the Pulitzer Prize-winning investigative journalist behind Watergate, discusses the evolution of the news industry, what constitutes good journalism, and his new book, ‘Chasing History’. The Transportation Department is launching a $27 billion program to repair and upgrade roughly 15,000 highway bridges across the nation as part of the infrastructure law approved in November. White House National Economic Council Director Brian Deese discusses the Build Back Better bill, rising inflation, and restoring American confidence. The Supreme Court has blocked the Biden administration from enforcing its sweeping Covid vaccine-or-test requirements for large private companies, though the high court will allow a vaccine mandate for the health care industry. Plus, Australia has canceled tennis champion Novak Djokovic’s visa once again ahead of the Australian Open as the furor over his Covid-19 vaccination status intensifies. In this episode: Brian Deese, @BrianDeeseNEC Carl Bernstein, @carlbernstein Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Thu, January 13, 2022
Delta and other airlines are facing headwinds from weather and rising cases of omicron, but Delta CEO Ed Bastian predicts a travel rebound at the end of February. Speaking with CNBC’s Phil LeBeau and the ‘Squawk Box’ team, Bastian reacts to the company’s latest quarterly earnings report , the rising cost of oil, and Delta’s ranking on 2022′s “Just 100” list. After lobbying the CDC to shorten quarantine guidelines from 10 to 5 days to mitigate airline staffing issues, Delta is now facing backlash from the Association of Flight Attendants and its president, Sara Nelson. Plus, new year, new hairdos! In this episode: Ed Bastian, @Delta Phil LeBeau, @Lebeaucarnews Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, January 12, 2022
Investors are considering what Fed Chair Powell’s second term means for their portfolios, particularly after the Labor Department revealed that inflation grew at its fastest 12-month pace in nearly 40 years during December. CNBC’s Ylan Mui reports on the growing calls for new stock trading rules for Capitol Hill lawmakers and for Fed officials. Also in DC, Representative Pramila Jayapal (D-WA) discusses common ground between Democrats and Republicans, and whether Congress can build back the Biden administration’s Build Back Better plan. CNBC’s Eunice Yoon reports on China’s efforts to combat Covid-19 outbreaks before the Lunar New Year celebration and the Olympics. Potentially adding more strain to the battered supply chain. Plus, the government will be helping schools across the country ramp up testing. In this episode: Rep. Pramila Jayapal, @RepJayapal Ylan Mui, @ylanmui Eunice Yoon, @onlyyoontv Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, January 11, 2022
Legendary trader and Just Capital co-founder Paul Tudor Jones discusses this year’s “Just 100” list, which ranks companies based on ESG issues. Julie Sweet, CEO of number 17 on the list Accenture, shares how her focus on sustainability and diversity has helped her company’s bottom line. Paul Tudor Jones lays out his outlook for the U.S. economy in 2022, including the Fed, crypto, and more. As new Covid cases rise, consumers are scrambling to buy tests online, especially as brick-and-mortar retailers sell out or limit supply. Demand for test kits may also increase now that the Biden administration announced it will require health insurers to cover costs for home tests starting Saturday. Plus, the Georgia Bulldogs won their first college football national championship since 1980! In this episode: Paul Tudor Jones, @ptj_official Julie Sweet, @JulieSweet Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, January 10, 2022
Pfizer CEO Albert Bourla says the company will have an omicron vaccine ready by March, just in case. He discusses global vaccine distribution, the covid treatment pill, and what he’s hoping for in 2022 with CNBC’s Meg Tirrell, Becky Quick, and Andrew Ross Sorkin. SEC Chairman Gary Gensler discusses regulatory goals on his 2022 docket, including bolstering transparency for investors. Plus, China is attempting to mitigate a surge of Omicron before the Winter Olympics, and tennis champion Novak Djokovic’s Aussie drama continues, courtside. In this episode: Gary Gensler, @GaryGensler Albert Bourla, @AlbertBourla Meg Tirrell, @megtirrell Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Fri, January 07, 2022
The tech stock darlings of the pandemic have finally hit a pullback. For the first time in five years, the Dow is outperforming the Nasdaq. The Fed’s signals for rate hikes on the horizon has prompted a reversal for high-growth cloud stocks, which could spell trouble for portfolios of tech bulls like Cathie Wood. Omicron is weighing on the markets and a group of former advisers to President Biden, who urge, “We need to do better.” Former FDA Commissioner Dr. Scott Gottlieb discusses test and vaccine distribution in the U.S., variants popping up all over the world, and the realistic longevity of this new normal. Supply chain issues are also hitting the pizza world; Papa John’s CEO Rob Lynch says, despite staffing, inflation, and supply chain issues, he’s kept his teams tossing pies every day of the pandemic. The last jobs report of 2021 disappointed economists, but the unemployment rate has fallen to a pandemic low. Plus, Tim Cook’s big, 2021 payout. In this episode: Rob Lynch, @PapaJohns Dr. Scott Gottlieb, @ScottGottliebMD Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Mike Santoli, @michaelsantoli Cameron Costa, @CameronCostaNY
Thu, January 06, 2022
One year after the deadly insurrection at the Capitol, we consider leadership, complicity, and the future of American democracy with New York Times columnist Tom Friedman. President Biden delivered remarks from Statuary Hall of the Capitol building, a space that a year ago was overrun by rioters discontent with the 2020 election results: “You can’t love your country only when you win.” In this episode: Tom Friedman, @tomfriedman Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, January 05, 2022
President Joe Biden’s overall disapproval rating reached a new high in December as more voters signaled their unhappiness with his handling of the economy and the Covid pandemic. Harvard University’s Arthur Brooks, AEI president emeritus, contributing writer for the Atlantic, and host of “The Art of Happiness,” breaks down why Americans are feeling disappointed with the U.S. economy despite strong employment and economic metrics. Walmart and Kroger have raised the price of Abbott’s at-home Covid-19 test kit after their reduced-price agreement with the White House expired. Biden said last month that the administration plans to ship as many as 500 million free test kits to people who request them through a website — a plan experts have said will require significant scaling up. Plus, Fanatics CEO Michael Rubin discusses the company’s estimated $500 million acquisition of the Topps’ trading cards business. Rubin explains why the deal was a “win-win” for the companies and how Fanatics plans to continue with the Topps brand. In this episode: Arthur Brooks, @arthurbrooks Michael Rubin, @michaelrubin Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, January 04, 2022
Theranos founder Elizabeth Holmes was found guilty on four of eleven charges in her criminal fraud trial; CNBC’s Scott Cohn breaks down the jury’s verdict and the life that now awaits Holmes. The U.S. reported a record 1 million cases of new Covid infections on Monday, according to data compiled by Johns Hopkins University. The record single-day total may be due in part to delayed reporting from over the holiday weekend. Dr. Kavita Patel, former White House health policy director and fellow at the Brookings Institution, discusses the latest numbers and testing strategies in the U.S. Plus, BlackBerry is finally retiring its iconic hardware. Once a status symbol in the C-suite, BlackBerry phones are officially a relic after the 20+ year journey from two-way pagers to BBM. In this episode: Dr. Kavita Patel, @kavitapmd Scott Cohn, @ScottCohnTV Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Mike Santoli, @michaelsantoli Katie Kramer, @Kramer_Katie
Mon, January 03, 2022
Kicking off 2022, CNBC’s Meg Tirrell discusses the latest surge in Covid-19 cases, up more than 200% in the last two weeks. 2021’s issues at the airport continue in 2022, as well: over 13,000 flights were canceled in the U.S. between Christmas Eve and New Year’s Day. CNBC’s Phil LeBeau reports on the latest wave of flight cancellations and says airlines have blamed the disruptions on a combination of bad weather and omicron infections that sidelined staff. While a problem for air travel, Covid-19 seems to be less of an issue for the fitness industry; CNBC’s Diana Olick reports on investor confidence in gyms, and Planet Fitness CEO lays out his own bullish perspective for the new year. Plus, Tesla’s had a big year. The electric vehicle maker beat fourth-quarter and full-year delivery expectations, and the stock is rising to match the success. Walter Isaacson, history professor at Tulane University, advisory partner at Perella Weinberg Partners, and the author tasked with writing Elon Musk’s biography, discusses the Tesla CEO and what we can expect from him--and his projects--in 2022. In this episode: Walter Isaacson, @WalterIsaacson Chris Rondeau, @PlanetFitness Diana Olick, @DianaOlick Meg Tirrell, @megtirrell Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Mike Santoli, @michaelsantoli Katie Kramer, @Kramer_Katie
Thu, December 30, 2021
In the final episode in Squawk Pod’s special series on the wealth and wisdom of the leaders behind Berkshire Hathaway, Warren Buffett and Charlie Munger share their combined 187 years of wisdom, both in life and in finance. The two consider history’s patterns, from fiscal stimulus to global pandemic, and offer perspective on today’s economic and social problems. Buffett and Munger discuss wealth’s impact on character, both for individuals getting rich, and America, growing ever more prosperous. Reflecting on their years together, Buffett, Munger, and Becky Quick discuss what it takes to make magic, and what living a successful life really means. Warren Buffett Archive: https://buffett.cnbc.com/warren-buffett-archive/ Berkshire Hathaway Portfolio Tracker: https://www.cnbc.com/berkshire-hathaway-portfolio/ Sign up for CNBC’s Warren Buffett Newsletter: https://buffett.cnbc.com/2018/08/15/warren-watch.html Warren Buffett on America (video clips available): https://buffett.cnbc.com/2018/07/02/buffett-on-america.html Warren Buffett’s not-very-active Twitter @warrenbuffett Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie Squawk Box, @squawkcnbc
Wed, December 29, 2021
In part three of our most popular episodes of Squawk Pod, featuring real stories behind the leadership of Berkshire Hathaway, CEO Warren Buffett and Vice Chairman Charlie Munger share lessons learned from investing through nearly 7 decades of economic history. In conversations with Becky Quick, the two share their perspective on axe murderers, “swingers,” and the costs of a free market, and the two speak candidly on the dangers of Robinhood, bitcoin, and stock market “gambles.” Buffett identifies patterns in the economy’s long road from the Great Depression, Great Recession and the Covid-19 pandemic; he warns against the investing pitfalls of markets past. Munger details his own controversial opinion of China as a global economic power, and in a conversation exclusive to this podcast, Becky Quick shares her takeaways from over a decade of conversations with the pair. Warren Buffett Archive: https://buffett.cnbc.com/warren-buffett-archive/ Berkshire Hathaway Portfolio Tracker: https://www.cnbc.com/berkshire-hathaway-portfolio/ Sign up for CNBC’s Warren Buffett Newsletter: https://buffett.cnbc.com/2018/08/15/warren-watch.html Berkshire Hathaway, Inc.: https://www.berkshirehathaway.com/ Warren Buffett’s not-very-active Twitter @warrenbuffett Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie Squawk Box, @squawkcnbc
Tue, December 28, 2021
In part two of a series of Squawk Pod episodes - Berkshire Hathaway CEO Warren Buffett and Vice Chairman and long-time partner and friend Charlie Munger recount their humble origins at the same Nebraska grocery store, tracing their nearly 70-year-long journey through their worst trades and best influences. The two discuss Berkshire Hathaway succession plans and the links between being the bigger person and making the bigger profit in conversations with CNBC’s Becky Quick spanning the last 15 years. In reflections exclusive to this podcast, Becky Quick discusses the “Buffett-Munger magic” and the duo’s secrets to building a full life as well as a full portfolio. Warren Buffett Archive: https://buffett.cnbc.com/warren-buffett-archive/ Berkshire Hathaway Portfolio Tracker: https://www.cnbc.com/berkshire-hathaway-portfolio/ Sign up for CNBC’s Warren Buffett Newsletter: https://buffett.cnbc.com/2018/08/15/warren-watch.html Highlights of the 2021 Berkshire Hathaway Annual Meeting: https://buffett.cnbc.com/2021-berkshire-hathaway-annual-meeting/ Warren Buffett’s not-very-active Twitter @warrenbuffett Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie Squawk Box, @squawkcnbc
Mon, December 27, 2021
In the first of a special series of Squawk Pod episodes, Warren Buffett and Charlie Munger speak with CNBC’s Becky Quick about their 60 years of friendship and their journey building Berkshire Hathaway. In this special, refreshed episode, hear archival audio of Buffett through history: from the 1960s, the early 2000s, and pandemic-era America. Buffett and Munger recall their earliest days in the insurance business, how the two became friends, and how failure taught them lessons that they still live by, 70 years later. Plus, in a conversation exclusive to Squawk Pod, Becky reflects on 15 years of covering the wealth and wisdom of Warren Buffett on Squawk Box. Warren Buffett Archive: https://buffett.cnbc.com/warren-buffett-archive/ Berkshire Hathaway Portfolio Tracker: https://www.cnbc.com/berkshire-hathaway-portfolio/ Sign up for CNBC’s Warren Buffett Newsletter: https://buffett.cnbc.com/2018/08/15/warren-watch.html Warren Buffett’s not-very-active Twitter @warrenbuffett Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie Squawk Box, @squawkcnbc
Thu, December 23, 2021
As the rush for pre-holiday Covid tests continues, new studies suggest that omicron may have lower hospitalization risk than other Covid-19 variants. CNBC’s Meg Tirrell discusses the new data as well as the FDA’s approval of Pfizer’s therapeutic pill and the other oral treatments that could come in 2022. While the variant puts extra pressure on an already squeezed supply chain, Transportation Secretary Pete Buttigieg provides an update on the nation’s supply chain bottlenecks and collaboration between the Biden Administration and the private sector to keep the holiday season running smoothly. The holidays are different this year, but some traditions live on, including tracking Santa’s Christmas Eve journey around the world. U.S. Air Force Capt. Sable Brown, public affairs officer at the North American Aerospace Defense Command, discusses NORAD’s 66th year tracking Santa Claus’ journey around the globe, with a little help from Rudolph’s nose. So, pop the bubbly--if you can find it! Ray Isle, Food & Wine Magazine executive wine editor, explains why champagne may be hard to come by this holiday season. Plus, he offers a few sparkling recommendations for your liquor store trip: Segura Viudas Brut Reserva Heredad Cava ($60/Magnum), Champagne Alfred Gratien Brut Rosé ($70), and, for the festive splurge, Champagne Bollinger RD 2007 Brut ($300). Cheers! In this episode: Sec. Pete Buttigieg, @SecretaryPete Ray Isle, @islewine Meg Tirrell, @megtirrell Capt. Sable Brown, @usairforce Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, December 22, 2021
In light of rising Covid-19 cases in New York, restaurateur Danny Meyer has made the call to temporarily close a number of establishments owned by his company, Union Square Hospitality Group. Meyer discusses a new vaccination policy that he hopes will help keep staff and patrons safe. As founder of Shake Shack, Meyer also weighs in on the french fry shortage, as well as the superior fry shape. Biotechs aiming to increase our lifespans and reverse aging-related diseases have garnered billions from interested--and high profile--backers in tech. Co-founder and CEO of Cambrian Biopharma James Peyer discusses “longevity biotech,” preventing Alzheimer’s at the cellular level, the causes of hair loss, and how much red wine is enough red wine. Plus, Elon Musk wants credit for paying his taxes, Sen. Elizabeth Warren (D-MA) is drumming up passion among her supporters (again), and supply chain issues are hitting everything from at-home Covid tests to french fries and the toy shelves. In this episode: Danny Meyer, @dhmeyer James Peyer, @JamesPeyer Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, December 21, 2021
Dr. Syra Madad, senior director of the system-wide pathogens program at New York City Health and Hospitals, considers the pandemic still in its “emergency” phase as cases of omicron outpace those of other variants. But, the game must go on--for the NFL, at least. While the NHL and college basketball teams have paused and postponed their games, the National Football League is taking a new approach to managing Covid-19 cases after over 100 players in the league tested positive. HGGC president and former 49ers quarterback Steve Young and Integrity Marketing Group CEO Bryan Adams discuss the NFL’s new pandemic strategy and Integrity’s $125 million payout to employees following an investment from Silver Lake. Plus, issues in the supply chain are causing issues for other chains…including McDonald’s, where a french fry shortage is hitting locations in Japan. In this episode: Bryan Adams, @IntegrityMG Steve Young, @SteveYoungQB Dr. Syra Madad, @syramadad Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, December 20, 2021
Global markets are wavering as cases of the omicron variant ticks up around the world. Moderna says its Covid booster dose does bolster antibodies against the new variant, but even so, CNBC’s Robert Frank reports that big banks are reversing their return-to-work policies. CNBC’s Meg Tirrell explains the Moderna news and compares data on cases of Covid’s omicron and delta variants, and former FDA Commissioner Dr. Scott Gottlieb offers best testing practices to families hoping to gather for a safe holiday. In light of the latest surge, the World Economic Forum usually held in January in Davos has been postponed. Plus, CNBC’s Eamon Javers discusses Senator Joe Manchin’s (D-WV) decision not to support President Biden’s Build Back Better plan, a blow for Democrats and the administration. In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Robert Frank, @robtfrank Meg Tirrell, @megtirrell Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, December 17, 2021
Dr. Anthony Fauci, White House chief medical advisor, weighs in on holiday parties with vaccinated family and friends as Covid-19 omicron variant spreads throughout the United States. The nation’s top infectious disease doctor discusses a possible redefinition of what it means to be fully vaccinated against Covid-19. Changes are certainly “on the table,” said Dr. Fauci, who emphasizes there is no doubt that optimum vaccination is with a booster dose. Currently, individuals are considered to be fully vaccinated either two weeks after their second dose of a two-dose series, such as the Pfizer-BioNtech vaccine, or two weeks after a single-dose vaccine, such as the Johnson & Johnson vaccine. Plus, an e-commerce boon for Fed-Ex during the holiday season and a major change in the legal battles against the makers of Oxycontin. In this episode: Dr. Anthony Fauci Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Klaire Odumody, @klairemarie
Thu, December 16, 2021
Regeneron Pharmaceuticals is developing new antibodies that work against the omicron variant of Covid-19, after the company confirmed that its current cocktail has diminished potency against the heavily mutated strain. CEO Leonard Schleifer says Regeneron plans to conduct trials on the new antibodies in the first quarter of 2022. The Federal Reserve’s move to accelerate its taper but not yet move the needle on interest rates has left market analysts in disagreement over whether it was the right call and how it could impact stocks. CNBC’s Steve Liesman breaks down how the markets are reacting to the Federal Reserve’s policy pivot on Wednesday. Plus, Bruce Springsteen has reportedly sold his music rights to Sony Music Entertainment in what could be the biggest deal ever struck for a single artist’s work. In this episode: Leonard Schleifer, @Regeneron Meg Tirrell, @megtirrell Steve Liesman, @steveliesman Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Klaire Odumody, @klairemarie
Wed, December 15, 2021
In this special podcast, Andrew Ross Sorkin spoke with Galleon Group Founder, Raj Rajaratnam , who was convicted in 2011 of 14 counts of securities fraud and conspiracy in one of the biggest insider trading cases in history. Prosecutors accused him of making tens of millions of dollars by trading illegal information about stocks like eBay, Goldman Sachs and Alphabet, then known as Google. Now he’s spent seven years in prison, paid more than $150 million in fines and his first interview after being released from prison is with Squawk Box. Raj Rajaratnam is also the author of a new book about his experience, “Uneven Justice: The Plot to Sink Galleon.” Plus, pro sports is getting hammered by Covid in spite of vaccinations and safety protocols; and the Twitter battle between 2021’s person of the year, Elon Musk, and Sen. Elizabeth Warren. Joe, Becky and Andrew try to channel “The Art of Happiness” podcaster Arthur Brooks when discussing the viral tweet for tat. In this episode: Raj Rajaratnam, @UnevenJustice Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, December 14, 2021
As the specter of omicron looms large over the festive season, governments around the world are desperately trying to deploy Covid-19 booster shots in order to bolster people’s protection against the more transmissible variant. Meanwhile, Pfizer is working on the first antiviral Covid-19 pill. CNBC’s Meg Tirrell broke down the final analysis of Pfizer’s Covid-19 pill that showed a near 90% efficacy in preventing hospitalizations and deaths in high-risk patients. Companies from Lyft to Ford have had to delay and reassess return-to-office plans in recent weeks. Morgan Stanley CEO James Gorman walked back an edict that employees should be back at the office by now and issued a new forecast for how long companies would delay the return. Slack CEO Stewart Butterfield also discussed the future of work, the metaverse and the company’s merger with Salesforce. Plus, Apple’s march to $3 Trillion and Elon Musk – on the tweets and on Time's 2021 Person of the Year. In this episode: Stewart Butterfield, @stewart Meg Tirrell, @megtirrell Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Klaire Odumody, @klairemarie
Mon, December 13, 2021
U.K. Prime Minister Boris Johnson confirmed today that at least one patient infected with the new omicron variant of Covid-19 has died in the country. In a televised statement yesterday, Johnson warned Britain faces a “tidal wave” of omicron infections. Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, discusses the latest developments surrounding the worrisome omicron coronavirus variant and says the world should take notice. The biggest question looming over Capitol Hill is whether the Senate will pass President Joe Biden’s $1.7 trillion economic safety net and climate bill. CNBC’s Ylan Mui reports Senators will have just two weeks to meet their self-imposed Christmas deadline. Former U.S. Congresswoman Donna Edwards and Mick Mulvaney, former acting White House chief of staff, also discuss Biden’s Build Back Better bill and what it means for the U.S. economy. Plus, a critical software flaw and Peloton firing back at its portrayal in the ‘Sex and the City’ reboot. In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Mick Mulvaney, @MickMulvaney Donna Edwards, @DonnaFEdwards Ylan Mui, @ylanmui Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese
Fri, December 10, 2021
Inflation accelerated at its fastest pace since 1982, putting pressure on the economic recovery and raising the stakes for the Federal Reserve. CNBC’s senior economics reporter, Steve Liesman, breaks down the latest consumer price index data. Dr. Kavita Patel, former White House health policy director and fellow at the Brookings Institution, reports on the latest CDC recommendations around Covid-19 booster shots. Restaurateur Lidia Bastianich discusses the pandemic’s impact on the restaurant industry and her new PBS special, ‘Lidia Celebrates America: Overcoming the Odds’. Starbucks employees have voted to join a union at one store in Buffalo, New York, the first unionized company-owned location in the U.S. Workers at a second location in the city voted to reject the drive to organize. Thursday’s vote count for a third Starbucks store in upstate New York ended without a definitive result because a number of ballots were still under review. Plus, Rutgers upsets #1 ranked Purdue with buzzer-beater game winner. In this episode: Dr. Kavita Patel, @kavitapmd Lidia Bastianich, @LidiaBastianich Steve Liesman, @steveliesman Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese
Thu, December 09, 2021
Cathie Wood, CEO and CIO of Ark Invest, says bitcoin’s value could go up by $500,000 over time as hedge funds and other large investors move in. She also shared her most recent thoughts on Twitter, Tesla, as well as details on Ark Invest’s newest exchange-traded fund. Instagram CEO Adam Mosseri, testified for the first time before Congress and refused to commit to permanently ending the paused plans to create a version of the platform for kids under 13. Lawmakers expressed frustration and distrust of the service, owned by Meta, which recently changed its corporate name from Facebook. Apple promised China's government it would make economic investments worth hundreds of billions of dollars. CNBC’s Jon Fortt argues if that was wise, or worrisome. Plus, Starbucks employees in the Buffalo, New York-area have concluded their unionization votes, which are set to be tallied today. In this episode: Cathie Wood, @CathieDWood Jon Fortt, @jonfortt Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, December 08, 2021
Pfizer and BioNTech say three doses of their vaccine provide a high level of protection against the omicron variant of the virus that causes Covid-19. CNBC’s Meg Tirrell breaks down the latest data and reports the third shot shows virus-fighting abilities comparable with the 95% protection provided by two doses against the original strain of the virus. CNBC’s Ylan Mui reports how Congress is trying to block the Biden administration’s nationwide Covid-19 vaccine mandate on businesses. Sen. Mark Warner, chairman of the U.S. Senate Select Committee on Intelligence, discusses Capitol Hill’s latest focus on Big Tech as Instagram’s Adam Mosseri prepares to testify. Plus, the House passed a bill that would allow the Senate to raise the debt ceiling with a simple majority vote. In this episode: Sen. Mark Warner, @MarkWarner Ylan Mui, @ylanmui Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, December 07, 2021
Congress and the Federal Reserve will have more impact on what happens to the economy and markets than the pandemic, according to Goldman Sachs CEO David Solomon, who joins Squawk Box exclusively from the bank’s headquarters in Manhattan. With support from both starting to fade in the days ahead, Solomon says investors should take heed and plan accordingly. He also discussed China, recent market uncertainty, cryptocurrencies, and why he thinks inflation could run ‘above trend’ for a period of time. British drugmaker GlaxoSmithKline says new data from early stage studies showed its antibody-based Covid therapy was effective against all 37 identified mutations of omicron. Plus, Tesla CEO Elon Musk says “it might be better” if President Joe Biden’s $1.75 trillion social spending plan, which includes incentives to buy EVs, doesn’t become law. The bill has cleared the House but not the Senate. Of course, Tesla has been helped by government subsidies. In this episode: David Solomon, @DavidSolomon Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, December 06, 2021
At least 17 states have detected the omicron coronavirus variant and that number is expected to rise according to the CDC. Former FDA Commissioner, Scott Gottlieb and CNBC’s Meg Tirrell report on the spread and severity of the omicron variant. Buzzfeed founder and CEO Jonah Peretti discusses the digital media company’s debut as a public company through a SPAC merger, after an unusually high number of investor redemptions. Peretti also breaks down the company’s planned path to profitability and its valuation. Bitcoin is trading under $49,000 after a terrible weekend for the world’s biggest cryptocurrency. Bitcoin tumbled more than 17% from Friday night into Saturday, hitting a low near $43,000, before stabilizing yesterday. Plus, Joe’s favorite fast food – by coast - and Andrew’s meditation techniques. In this episode: Scott Gottlieb, @ScottGottliebMD Jonah Peretti, @peretti Meg Tirrell, @megtirrell Leslie Picker, @LesliePicker Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, December 03, 2021
As the international business community responds to China’s treatment of Peng Shuai, CNBC’s Eunice Yoon gives more details from Beijing and Yale School of Management’s Jeffrey Sonnenfeld discusses how leaders could and should be supporting the tennis Olympian. As cases of the omicron variant pop up in New York, Minnesota, and Colorado, questions arise about effective vaccination manufacturing and overall preparedness for yet another Covid wave. Plus, Ylan Mui reports on the debt ceiling drama in DC and a new plan from lawmakers as the Treasury rapidly approaches its last day of cash. In this episode: Jeffrey Sonnenfeld, @JeffSonnenfeld Eunice Yoon, @onlyyoontv Ylan Mui, @ylanmui Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, December 02, 2021
The omicron variant lands in the United States with its first known case appearing in California. The White House is out with new guidance on how to deal with the new variant by tightening travel restrictions, extending mask mandates, and rapid tests that may be costing consumers. Joe Kernen, Becky Quick, and Andrew Ross Sorkin discuss how this news might be influencing investors and the Fed. And the largest Southeast Asian company to list in the U.S. has gone public on the Nasdaq. SoftBank-backed “super app” Grab debuted in the largest SPAC merger of all time . Grab CEO & Founder Anthony Tan discusses the size of the company’s market. Plus, the Women’s Tennis Association announced they will boycott tournaments in China to protect the safety of their players, a move in support of Peng Shuai. In this episode: Anthony Tan, @AnthonyPY_Tan Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, December 01, 2021
The markets are reacting to comments from Fed Chair Jerome Powell , who announced a plan to taper its asset purchases faster. He--and the rest of the economist community--is ready to retire the word “transitory,” but his comments have not retired questions and concerns from investors. CNBC’s Steve Liesman explains Powell’s comments. CEO of Lazard’s Financial Advisory business Peter Orszag discusses Fed leadership and Lazard’s efforts to quantify climate issues in the equities market. The FDA has narrowly endorsed Merck’s oral Covid treatment pill; former FDA Commissioner Dr. Scott Gottlieb discusses therapeutics, vaccine efficacy against the omicron variant, and Covid-19’s evolution. Plus, how much do you love Tesla? Enough for a tattoo? In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Peter Orszag, @porszag Steve Liesman, @SteveLiesman Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, November 30, 2021
Bridgewater Associates’ Ray Dalio holds firm in his belief that cash is not king, despite the market volatility triggered by the Covid omicron variant. Dalio discusses competing with China, the global economy, and his new book, “The Changing World Order.” Comments about omicron from Moderna CEO Stephane Bancel have spooked investors, and Jack Dorsey’s decision to step down from his role as Twitter CEO took the markets by surprise. Plus, for Giving Tuesday: a conversation about the potential for NFTs to innnovate philanthropy with venture capitalist, crypto optimist, blockchain backer and kite surfer Bill Tai. Founder of Metagood and one of the first to make an NFT for charity, Tai discusses paths forward for the metaverse and tech’s opportunity to impact positive change. In this episode: Ray Dalio, @RayDalio Bill Tai, @KiteVC Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Mon, November 29, 2021
Pfizer CEO Albert Bourla says he’s “very, very confident” that the company’s Covid-19 treatment pill will be effective against the omicron variant of Covid-19 , and that Pfizer will be able to manufacture a vaccine for this variant within 100 days, to be used if necessary. Pfizer submitted its application earlier this month to the Food and Drug Administration to authorize the pill, Paxlovid, for emergency use. Bourla spoke with CNBC’s Meg Tirrell and the ‘Squawk Box’ team to discuss managing the new variant. Plus, oil prices jumped today as traders bet that Friday’s sharp sell-off was overdone. CNBC’s Brian Sullivan reports on how the omicron Covid variant concerns are impacting energy markets. In this episode: Albert Bourla, @AlbertBourla Brian Sullivan, @SullyCNBC Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, November 26, 2021
The World Health Organization will meet today to discuss a new heavily-mutated variant of Covid-19. The variant has been detected in small numbers in South Africa, with reports of cases in Israel and Hong Kong. CNBC’s Meg Tirrell reports on how Covid-19 drugmakers like Moderna and Pfizer are responding to the variant. Dr. Kavita Patel, former White House health policy director and fellow at the Brookings Institution, also reacts to the new variant but says we shouldn’t “get ahead of ourselves” just yet. NBC’s Raf Sanchez reports from Tel Aviv that Israel has barred travel to several southern African nations over the new variant, as well as Singapore and several other nations. The U.K. immediately moved to ban flights from South Africa, Lesotho, Botswana, Namibia, Eswatini and Zimbabwe. Plus, Priceline CEO Brett Keller discusses holiday travel demand, and how the coronavirus variant could impact bookings. In this episode: Kavita Patel, @kavitapmd Meg Tirrell, @megtirrell Brett Keller, @priceline Raf Sanchez, @rafsanchez Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, November 25, 2021
Billionaire investor Ken Langone and Larry Bossidy, former Honeywell CEO, speak about the RADical Hope Foundation, their effort to reach young people struggling with mental health. The two united after Bossidy’s grandson Chris Martin, a Gonzaga University student, died by suicide aged 20. Bossidy first discussed the tragedy in a moving 2018 Squawk Box appearance, that caught guest William Shatner by surprise. RADical Hope’s new program -- RADical Health, being pioneered at NYU -- encourages students, parents and college communities to talk openly about mental health and teaches freshmen the skills to “stay well and resilient.” Plus, only on Squawk Pod, Joe Kernen reflects on what talking about mental health means for a proud college dad. To find out more, visit https://radicalhopefoundation.org/ If you or someone you know needs immediate help, please call the National Suicide Prevention Lifeline at 800.273.TALK (8255) or contact the Crisis Text Line by texting HOME to 741741. In this episode: Ken Langone Larry Bossidy, @RADICALHOPE_Fdn Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, November 24, 2021
ARK Invest founder and CEO Cathie Wood explains why she thinks ARK’s funds should be more valuable over the next five years despite a recent dip in tech shares. Wood’s flagship fund, ARK Innovation ETF, is down nearly 15% in 2021 while the S&P 500 is up 25%. Retailers Nordstrom and Gap both saw their quarterly results fall short and their shares prices hit by supply-chain disruptions even as more customers returned to their physical stores. Several hundred Google employees have signed and circulated a manifesto opposing the company’s Covid vaccine mandate, posing the latest challenge for leadership as it approaches key deadlines for returning workers to offices in person. Elon Musk’s SpaceX is set to launch a first-of-its-kind planetary defense mission for NASA in the early hours of Wednesday morning, sending the spacecraft on its way to intentionally crash into an asteroid. Plus, need help preparing the perfect turkey this Thanksgiving? Butterball’s Bill Nolan breaks down the latest tips and tricks for turkey success. In this episode: Cathie Wood, @CathieDWood Bill Nolan, @butterball Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Tue, November 23, 2021
Palantir CEO Alex Karp reflects on the software firm’s first year as a publicly traded company and breaks down its growth trajectory. Karp discusses the company’s controversial position in American politics, his decision to relocate from Silicon Valley, the recently passed infrastructure bill, and U.S. climate policies. Karp weighs in on Palantir’s anti-terrorism efforts and the patriotism of other American tech CEOs; he thinks companies that work with adversarial governments, rather than the U.S., should disclose their reasoning. Plus, Elon Musk is feuding with Jamie Dimon, President Biden has renominated Jay Powell for a second term as Fed Chair, and CNBC’s Scott Cohn is at the Theranos trial, where Elizabeth Holmes takes the stand. In this episode: Alex Karp, @PalantirTech Scott Cohn, @ScottCohnTV Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Mon, November 22, 2021
President Joe Biden is nominating Jerome Powell for a second term as chairman of the Federal Reserve, which means Americans can expect the U.S. central bank to maintain its patient stance on inflation and interest rates. Biden praised Powell and the Fed for “decisive” action that cushioned the impact of the Covid pandemic. Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, discusses why it’s important for Americans to get a booster shot against Covid-19 ahead of the holidays. Sara Nelson, international president of the Association of Flight Attendants, also discusses whether airlines are ready for the expected surge in holiday travel. Protests against fresh Covid-19 restrictions have rocked Europe over the weekend, with demonstrations breaking out in places such as Brussels, Vienna, Rome and Amsterdam. Plus, the future of Activision and a monster beverage deal. In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Sara Nelson, @FlyingWithSara Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Fri, November 19, 2021
The House of Representatives has passed the largest expansion of the social safety net in decades, a $1.75 trillion bill that funds universal pre-K, Medicare expansion, renewable energy credits, affordable housing, a year of expanded Child Tax Credits and major Obamacare subsidies. Now President Biden’s Build Back Better Act heads to the Senate. CNBC’s Ylan Mui reports on the Congressional Budget Office estimate that the legislation would add $367 billion to budget deficits over a decade. Veteran CEO Richard Parsons, senior advisor at Providence Equity Partners and former CEO of Time Warner, tells Joe Kernen, Becky Quick and Andrew Ross Sorkin that the President hasn’t been showing enough “ leadership moxie. ” Scott Cohn reports on the end of the 11-week trial against Theranos founder Elizabeth Holmes. Plus, Sweetgreen has a sweet debut and the kids - they love TikTok. In this episode: Ylan Mui, @ylanmui Scott Cohn, @ScottCohnTV Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Thu, November 18, 2021
Salad chain Sweetgreen made its trading debut today on the New York Stock Exchange. The D.C.-based company, which was founded in 2007, is trying to tap into what it describes as a grossly underserved market for fast-food that is also fresh, seasonal, and healthy. Sweetgreen co-founders Jonathan Neman, Nicolas Jammet and Nathaniel Ru explain their vision for a “McDonald’s of this generation.” Deere & Co. workers approved a new contract late yesterday, delivering 10% raises immediately and ending a month-long strike for more than 10,000 employees. Shares of Nvidia are soaring after reporting a 60% year-over-year increase in adjusted quarterly earnings per share and a 50% year-over-year rise in revenue. Both measures exceeded expectations. More than 2 million children have already received their first dose of Pfizer’s Covid vaccine, just two weeks after the CDC authorized distribution of the shots for kids ages 5 to 11. Plus, Oprah, Reese Witherspoon...and Joe Kernen love their Spanx! In this episode: Jonathan Neman, @sweetgreen Nicolas Jammet, @nicolasjammet Nathaniel Ru, @nathanielru Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Wed, November 17, 2021
Retail earnings continued today with Target reporting better-than-expected Q3 results. Like Walmart however, Target investors are worried about margins as the company absorbs higher costs of supply chain disruptions and labor shortages, rather than passing them on to consumers. Target CEO Brian Cornell addresses those concerns and details how the company has navigated global supply chain bottlenecks ahead of the holiday shopping season. Investing legend Mario Gabelli, chairman and CEO of GAMCO Investors, discusses markets, mergers, and NFTs for Christmas. Activision Blizzard shares are falling after a report from The Wall Street Journal alleged that CEO Bobby Kotick knew about sexual misconduct accusations at his company before he’d previously let on. Plus, the FDA plans to authorize Pfizer’s Covid-19 booster shot for all adults as soon as Thursday; CNBC’s Meg Tirrell reports on the latest pandemic headlines. In this episode: Brian Cornell, @Target Mario Gabelli, @MarioGabelli Meg Tirrell, @megtirrell Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY
Tue, November 16, 2021
Billionaire investor and founder of The Carlyle Group David Rubenstein discusses the risks and longevity of inflation. Having worked in the Carter Administration, Rubenstein considers whether today’s economic environment might match that of the 1970s. In his extended interview, he discusses the markets, the supply chain, President Biden’s economic agenda, the Fed, and crypto. CNBC’s Kayla Tausche recaps the virtual meeting between President Xi and President Biden , highlighting the key topics of concern: Taiwan, trade, and Covid-19. Plus, crypto is falling, and meat and dairy prices are rising. In this episode: Kayla Tausche, @kaylatausche David Rubenstein, @DM_Rubenstein Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, November 15, 2021
President Biden signs the $1T bipartisan infrastructure plan today, but the Build Back Better plan has yet to pass the House. Covid-19 cases are ticking up in some areas where vaccination rates and immunity is low, but after the holidays, Former FDA Commissioner Dr. Scott Gottlieb expects cases to decline again. He considers a future in which Covid is regarded much like the flu, with effective vaccines and oral therapeutics. Shoppers, look out: inflation could hike up your holiday bills. CNBC’s Courtney Reagan shares retailer strategies and expectations heading into this holiday shopping season. Plus, Becky and Joe swap Thanksgiving stories and head down a musical memory lane. In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Courtney Reagan, @CourtReagan Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, November 12, 2021
Big changes in big business. Johnson & Johnson is planning to split into two public companies . CEO Alex Gorsky tells Squawk Box’s Becky Quick why the decision to break off the brand-name-heavy consumer business from its prescription drug and medical device division will be “in the best long-term interest” of the company’s stakeholders. As companies continue to evolve, workplaces and traditional roles continue to change as well. CNBC’s @Work Summit examines the evolution of work since the pandemic began and ways innovative companies are finding and keeping the best workers, investing and developing creative solutions. Bridgewater Associates Founder Ray Dalio and former Netflix Chief Talent Officer Patty McCord spoke with Becky at CNBC’s At Work Summit to discuss how workplaces are changing -- and which buzzwords are dead! In this episode: Alex Gorsky, @JNJNews Ray Dalio, @RayDalio Patty McCord, @PattyMcCord1 Becky Quick, @BeckyQuick
Thu, November 11, 2021
Legendary internet investor John Doerr is making a big bet on green tech. In discussing his new book, “Speed and Scale,” Doerr explains his plan to achieve global net zero emissions by 2050. As a venture capitalist, his eye is on the bottom line, but Doerr shares a vision that stretches far beyond his portfolio returns. Disney has big plans for its own metaverse and Elon Musk has sold $5 billion in Tesla stock . Plus, Andrew is back from his two-day virtual DealBook Conference, and he’s digesting comments from GM’s Mary Barra, Citadel’s Ken Griffin, and others. On this Veterans Day, we thank all current and former military for their service to the United States. In this episode: John Doerr, @johndoerr Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie
Wed, November 10, 2021
Toast, the app that helped power many restaurants through Covid-19 shutdowns, released its first quarter results as a public company. CEO Chris Comparato explains how his platform supports small businesses, and how his own strong metrics indicate a strong recovery for the rest of the industry. Pfizer has asked the FDA for broader authorization of its Covid-19 booster shot; the Brookings Institution’s Dr. Kavita Patel shares her expectations for third and even fourth booster shots as we fight our way through the pandemic. In Washington, President Biden met with U.S. corporate leaders to strategize fixes to the global supply chain as the holiday season begins. In New York, only about half of office workers are headed back to their cubicles by the end of January. CNBC’s Robert Frank reports that since 1 in 5 NY office workers will be working permanently from home come 2022, companies are planning to cut New York footprints. Plus, Amazon-backed electric vehicle Rivian is set to go public at a whopping implied valuation of $106 billion, and Elon Musk is working out his liquidity problems. In this episode: Robert Frank, @robtfrank Dr. Kavita Patel, @kavitapmd Chris Comparato, @ChrisComparato Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Tue, November 09, 2021
Hertz is listing on the Nasdaq--again. Back from bankruptcy, Hertz is led by former Ford CEO Mark Fields; he and board members Tom Wagner and Greg O’Hara discuss the road ahead for the rental car business and it’s potential deal with Tesla. Crypto ATMs, which swap cash for cryptocurrencies like bitcoin, are popping up all over the country. So why are they on law enforcement’s radar? Eamon Javers reports on CNBC’s investigation. Plus, General Electric is splitting into three companies, and the Fed is taking on meme stock mania. In this episode: Mark Fields, @Hertz Eamon Javers, @EamonJavers Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Mon, November 08, 2021
The U.S. borders are once again open to international travelers, but a travel rebound puts even more pressure on airlines who are already short staffed. American Airlines is offering its employees 150% more than their usual pay to work on peak days this season. Marriott CEO Tony Capuano says the world is itching to get back to travel; many of his hotels are full as antiviral Covid-19 therapeutic pills become a reality and vaccinations become more widespread. And Uber CEO Dara Khosrowshahi says his business is also reaping the benefits of more travelers, with airport rides surging and more and more passengers back on the road. Plus, Elon Musk polled millions on Twitter, and the House has finally passed a $1T infrastructure bill--although the social safety net bill is back on hold. In this episode: Dara Khosrowshahi, @dkhos Tony Capuano, @Marriott Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie
Fri, November 05, 2021
Pfizer’s antiviral pill is 89% effective in cutting rates of hospitalization and death in Covid-19 patients. The news is huge for Pfizer and even bigger for the pandemic’s trajectory in this country. CNBC’s Meg Tirrell unveils the news, and Pfizer board member and former FDA Commissioner Dr. Scott Gottlieb says it means we are nearing “the end of the pandemic phase of this virus.” Plus, ‘The Sopranos’ actor Steven Schirripa--the man behind Bobby ‘Bacala’ Baccalieri--shares show secrets and behind the scenes history, and he extends the Sopranos family name to the Squawk team. Peloton shares are on the descent, and U.S. workers are headed out of their office doors. In this episode: Sharon Epperson, @Sharon_Epperson Meg Tirrell, @megtirrell Dr. Scott Gottlieb, @ScottGottliebMD Steven Schirripa, @StevenSchirripa Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY
Thu, November 04, 2021
Etsy CEO Josh Silverman discusses the holiday supply chain, competition with Amazon, and strategic ad spend for small businesses on his platform. Domino’s CEO Ritch Allison discusses the post-pandemic appetite for pizza, and whether drones are ready to replace your delivery guy. The Fed is ready to start winding down its emergency economic measures, paid parental leave is back in the Democrats’ social spending package, and former world chess champion Garry Kasparov says Facebook’s decision to abandon its facial recognition AI was a mistake. In this episode: Josh Silverman, @etsy Ritch Allison, @dominos Ylan Mui, @ylanmui Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin
Wed, November 03, 2021
It’s election day-after. Republican Glenn Youngkin has won Virginia’s hotly contested gubernatorial election, defeating Democratic power player and former Gov. Terry McAuliffe. In New Jersey, incumbent Governor Phil Murphy hasn't yet locked down what was expected to be a relatively easy win. Democrat Eric Adams has won New York City's mayoral race; Adams discusses the city’s relationship with the business community, as well as social reform, and state and local taxes. Plus, the CDC has cleared Pfizer’s Covid-19 vaccine for children ages 5 to 11. CNBC’s Meg Tirrell reports on the 28 million kids now eligible for the shot, and Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, discusses the timeline for kids vaccinations, and overcoming parental hesitancy. In this episode: Eric Adams, @ericadamsfornyc Meg Tirrell, @megtirrell Dr. Scott Gottlieb, @ScottGottliebMD Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin
Tue, November 02, 2021
Lawmakers in Washington continue to debate the spending bill and infrastructure plan. Transportation Secretary Pete Buttigieg discusses gridlock on the Hill, the Build Back Better Plan, and President Biden’s plans for a fairer tax system. Former Google CEO and Executive Chairman Eric Schmidt discusses his projections for an AI-enabled future in his new book, “The Age of AI and our Human Future.” Schmidt weighs in on Facebook’s Meta rebranding and the digital world’s impact on human society. Tesla’s deal with Hertz isn’t quite sealed yet, Elon Musk is recalling over 12,000 vehicles, and Amazon-backed electric vehicle company Rivian is seeking a market valuation of nearly $55 billion in its upcoming IPO. In this episode; Pete Buttigieg, @PeteButtigieg Eric Schmidt, @ericschmidt Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin
Mon, November 01, 2021
Barclays CEO Jes Staley is stepping down, following investigations into his relationship with convicted sex offender Jeffrey Epstein. CNBC’s Geoff Cutmore reports that UK regulators have not found evidence of Staley’s involvement or knowledge of Epstein’s crimes. CNBC’s Meg Tirrell reports that Covid-19 vaccines for kids in the U.S. are coming soon, to a pharmacy or pediatrician’s office near you, and Dr. Kavita Patel, former White House policy director and fellow at the Brookings Institution, says that vaccinations are likely to occur by Thanksgiving. World leaders kick off the 2021 United Nations Climate Change Conference in Glasgow; Diana Olick reports on the COP26 agenda. Tom Friedman, New York Times foreign affairs columnist, discusses how the global energy crisis could impact climate goals, and considers how world leaders weigh environmental impact and economic stability. Plus, American Airlines has canceled over 2,000 flights since last week, blaming staffing shortages and weather concerns. In this episode: Tom Friedman, @tomfriedman Dr. Kavita Patel, @kavitapmd Diana Olick, @DianaOlick Meg Tirrell, @megtirrell Geoff Cutmore, @GeoffCutmore Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin
Fri, October 29, 2021
Facebook has changed its company name to Meta . The new name reflects the company’s growing ambitions beyond social media and into a more virtual world. Alexis Ohanian, founder of VC firm Seven Seven Six and former executive chairman of Reddit, discusses Facebook’s name change and plans for the metaverse. Alexis also spoke with Eclipse CEO Aylon Steinhart to discuss the plant-based ice cream company’s rapid growth. Treasury Secretary Janet Yellen says the Biden administration’s infrastructure spending proposal will lower inflation by reducing costs vital to households. Yellen also told CNBC that the $1.75 trillion framework for President Joe Biden’s climate and social spending priorities is “fully paid for” . Plus, In this episode: Alexis Ohanian, @alexisohanian Aylon Steinhart, @AylonSteinhart Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin
Thu, October 28, 2021
As Democrats wrestle over how to pay for their social spending package, a proposal to tax the wealthiest Americans has emerged. However, if the plan survives pushback from other party members, it may still face legal obstacles. As Christmas approaches, toy makers are working around the clock to ensure enough supply and timely delivery for the shopping season. Mattel chairman and CEO Ynon Kreiz discusses how his company is navigating supply chain issues, inflation pressures, and making products that reflect all of Mattel’s consumers. Apple's recent privacy crackdown has affected the largest players in online advertising. CNBC’s Jon Fortt breaks down how the new privacy changes have hit tech companies. Plus, Comcast’s third-quarter earnings beat analyst expectations on the top and bottom lines. In this episode: Ynon Kreiz, @Mattel Jon Fortt, @jonfortt Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin
Wed, October 27, 2021
Ron Baron, Baron Capital chairman and CEO, says he’s made $6 billion on his investment in Tesla and plans to remain a shareholder for at least another ten years. One of the EV company’s biggest bulls on Wall Street, Baron discusses his faith in Elon Musk and the electric road ahead. In the extended interview, billionaire Baron also addresses the Democrats’ latest plan to tax billionaires’ unrealized capital gains. CNBC’s Ylan Mui reports on the proposed wealth tax, and whether it could begin to shore up President Biden’s social services and climate change plan. Plus, Robinhood shares are down after the trading app disappointed Wall Street in its quarterly report, and an FDA panel has recommended a lower dose of Pfizer’s vaccine for children ages 5 to 11. In this episode: Ron Baron, @baronfunds Ylan Mui, @ylanmui Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin
Tue, October 26, 2021
Shares of Facebook are on the rise despite a slew of negative headlines shrouding the social media company. CNBC’s Julia Boorstin reports on the company’s latest quarterly earnings and discusses Mark Zuckerberg’s response to the leaked “Facebook Papers.” Henry Blodget, Insider Inc. co-founder, CEO and editorial director, weighs in on Facebook’s reputation and its potential to overcome the drama. As lawmakers inch closer to finalizing their social spending package, Senate Democrats are eyeing a tax on billionaires to help fund the plan. CNBC’s Robert Frank discusses how billionaires are reacting to the Democrats’ plan to target their unrealized capital gains; economics professor and former Bernie Sanders advisor Stephanie Kelton joins Loren Ponds, tax policy co-lead at Miller and Chevalier, to break down the battle against the billionaires’ billions. Plus, Elon Musk’s net worth is soaring as Tesla hits a trillion dollar market cap, and Cathie Wood weighs in on the inflation debate on Twitter. In this episode: Julia Boorstin, @JBoorstin Henry Blodget, @hblodget Stephanie Kelton, @StephanieKelton Loren Ponds, @millerchevalier Robert Frank, @robtfrank Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin
Mon, October 25, 2021
As Facebook combats leaked internal documents and growing concerns from users and lawmakers alike, early investor and LinkedIn co-founder Reid Hoffman retains hope that the platform will deliver on its potential to do more good than harm. In a wide-ranging interview, Hoffman discusses Apple’s privacy changes and technology’s potential to streamline a struggling supply chain. House Speaker Nancy Pelosi says Democrats are close to finalizing an agreement on the social safety net plan that would allow for the bipartisan infrastructure bill to move forward. CNBC’s Ylan Mui reports on the agreement. Also on the Hill, Democrats are taking aim at billionaires and their unrealized capital gains with a new wealth-tax plan. Plus, CNBC’s Eamon Javers reports that Microsoft says it’s identified another wave of cyber attacks by the Russian intelligence service, similar to last year’s devastating SolarWinds hack. In this episode: Reid Hoffman, @reidhoffman Ylan Mui, @ylanmui Eamon Javers, @EamonJavers Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin
Fri, October 22, 2021
SPANX has accepted its first outside investor in its 21-year history: Blackstone. Sara Blakely, founder of the billion-dollar shapewear company , shares stories of her start, decades ago, Blackstone’s all-female deal team, and disrupting retail. Blackstone’s Ann Chung discusses striking the deal and betting on shapewear amid a pandemic. Pfizer has revealed that in its clinical trial, its Covid-19 vaccine proved over 90% effective in kids aged 5-11 . Plus, the CDC has approved Moderna and Johnson & Johnson Covid-19 booster vaccines for the elderly, immunocompromised, and adults over 18. U.S. Surgeon General Dr. Vivek Murthy discusses both announcements, and what Americans can expect as we head into the colder months. WeWork survived its first day of trading, but Snap had a rough day on the market. In this episode: Dr. Vivek Murthy, @Surgeon_General Sara Blakely, @SPANX Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin
Thu, October 21, 2021
WeWork is finally making its public market debut as the world of work continues to transform after the coronavirus pandemic. WeWork CEO Sandeep Mathrani and Executive Chairman Marcelo Claure discuss the company’s path to profitability post-Adam Neumann ahead of its debut on the public markets. The WeWork execs also discuss the future of work in a post-Covid world, and how that will impact the company. Tesla reported third-quarter earnings after the bell yesterday that beat on both the top and bottom lines. Jon McNeill, CEO of DVx Ventures and former president of Tesla, breaks down Tesla’s earnings, the company’s growth story and latest innovations. Plus, Bitcoin jumps to a new high after landmark ETF launch. In this episode: Sandeep Mathrani, @WeWork Marcelo Claure, @marceloclaure Jon McNeill, @jonmcneill Brian Sullivan, @SullyCNBC Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin
Wed, October 20, 2021
Shares of Novavax are down sharply after Politico reported the company is having problems manufacturing its highly anticipated Covid-19 vaccine. Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, discusses Covid therapeutics, vaccines, and the U.S. production and manufacturing system. Paul Tudor Jones, founder and CIO at Tudor Investment Corporation and founder of the Robin Hood Foundation, shares his inflation trades and portfolio breakdown. The legendary hedge fund manager also explains which assets investors should stay away from as the Federal Reserve slowly reacts to rising prices. New York City has announced an expansion of its Covid vaccine mandate to all public employees, removing the option to test out. Plus, Facebook may soon be rebranded with a new name. In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Paul Tudor Jones, @ptj_official Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin
Tue, October 19, 2021
The SEC’s long-awaited report on GameStop is finally here, a full 44 pages on the trading frenzy, payment-for-order-flow, and stock market “gamification.” Streaming wars are heating up as Wall Street watches subscriber growth numbers for the industry’s biggest players. Interim AMC Networks CEO Matt Blank shares his own company’s strategy for competing with Netflix, HBOMax, and Amazon Prime, and details a plan to bring linear content to streamers. Procter & Gamble topped analyst expectations in its quarterly report, but commodity and freight costs are weighing on the company’s profits. Vice Chairman and incoming CEO Jon Moeller discusses P&G’s business in China, corporate tax rates, and managing kinks in the supply chain. Plus, Covid vaccine mandates have put even more pressure on the labor force; some employers are dismissing those who refuse to get vaccinated, despite a difficult hiring environment. In this episode: Matt Blank, @AMC_TV Jon Moeller, @ProcterGamble Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin
Mon, October 18, 2021
Disney’s streaming business could be running out of steam; MoffettNathanson founding partner and media watcher Michael Nathanson weighs in on Wall Street’s Disney debate. Nathanson also dives into the 'Squid Game' mania and what its eyepopping metrics mean for Netflix and the streaming wars. CNBC’s Steve Liesman breaks down the latest GDP forecasts for the back half of 2021. The first bitcoin-linked exchange-traded fund will make its official debut tomorrow. Three other bitcoin futures ETFs are also expecting to move forward with their launches this month. Plus, spooky movies and (scary) dad jokes. In this episode: Michael Nathanson, @MoffettNathanso Steve Liesman, @steveliesman Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin
Fri, October 15, 2021
A key FDA advisory committee unanimously recommended giving booster shots of Moderna’s Covid-19 vaccine to people ages 65 and older and other vulnerable Americans. Dr. Kavita Patel, a fellow at the Brookings Institution and former White House health policy director, breaks down the FDA’s debate over Covid-19 boosters. CNBC’s Scott Cohn provides an update on the trial of Theranos founder Elizabeth Holmes, on week six of what’s slated to be a 13-week trial. According to court testimony this week, the blood-testing start-up hired a dermatologist with no board certification in laboratory science or pathology to become the lab director. Bitcoin has climbed above $60,000 as traders expect U.S. regulators to clear the first bitcoin futures ETF. Plus, Virgin Galactic plans to delay spaceflights to next year as it refurbishes its vehicles. In this episode: Dr. Kavita Patel, @kavitapmd Scott Cohn, @ScottCohnTV Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin
Thu, October 14, 2021
The U.S. is reporting an average of about 362,000 booster vaccine shots administered per day over the past week, 57% higher than the 231,000 average daily first doses. A key FDA advisory panel is meeting today and tomorrow to discuss the efficacy and safety of extra doses of the Moderna and J&J vaccines. Shellye Archambeau, former MetricStream CEO and Verizon, Okta and Nordstrom board member, discusses how Covid-19 has disrupted the workplace. Carlos Gutierrez, Empath co-founder, former commerce secretary and former Kellogg CEO, and Hubert Joly, former Best Buy CEO, advise CEOs to navigate Covid-19 vaccine requirements while keeping workers safe. Plus, CNBC’s Ylan Mui reports millions of women are missing from the U.S. workplace, and schools reopening in September didn’t help. In this episode: Shellye Archambeau, @ShelArchambeau Carlos Gutierrez, @carlosgutierrez Hubert Joly, @HubertJoly_ Ylan Mui, @ylanmui Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin
Wed, October 13, 2021
Starwood Capital Chairman and CEO Barry Sternlicht discusses the current real estate market, U.S. labor shortages, and his crypto portfolio. The noted investor and real estate mogul reacts to comments from BlackRock CEO Larry Fink, and explains why he thinks the service economy is in a major labor crisis right now. Corporate vaccine mandates are causing friction in Texas, and after China’s crackdown on the crypto community, the U.S. has become the most popular place for metaverse miners. Plus, William Shatner is officially the oldest person to go to space, and his stardom has inspired a trip down memory--and inspiration--lane with Joe, Becky, and Andrew. In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin
Tue, October 12, 2021
Over the course of three days, Southwest Airlines has canceled more than 2,000 flights and left thousands of travelers stranded around the country. CNBC’s Phil LeBeau and Casey Murray, president of the Southwest Airlines Pilots Association, discuss what's behind the canceled flights and what travelers can expect during the upcoming holiday travel season. JPMorgan Chase chairman and CEO, Jamie Dimon, says he’s still a bitcoin skeptic and calls the coin “worthless.” Plus, Amazon is switching up its return-to-work plan and Prince Harry and Meghan Markle are getting into finance. In this episode: Casey Murray, @swapapilots Phil LeBeau, @Lebeaucarnews Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick
Mon, October 11, 2021
Merck and partner Ridgeback Biotherapeutics have asked the FDA to approve their Covid-19 antiviral pill molnupiravir for emergency use. It’s only the latest in a stream of biotech innovation this year; Dr. Christiana Bardon, co-managing partner of one of the world’s largest biotech investment firms MPM BioImpact Capital, discusses the sector’s opportunities for portfolios and public health right now. The global energy crisis has sent crude oil to over $80 a barrel , and vice chairman of IHS Markit Dan Yergin says its coming for politicians in Washington, D.C. Plus, Southwest Airlines faces a tough day on Wall Street after mass cancelations over the weekend, and William Shatner is going to space--at the young age of 90. In this episode: Dr. Christiana Bardon, @MPMCapital Dan Yergin, @DanielYergin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick
Fri, October 08, 2021
The U.S. economy created much fewer jobs in September than economists were hoping, a disheartening sign of the country’s pandemic recovery. CNBC’s Steve Liesman, BlackRock’s Kate Moore, and Chicago Booth School’s Austan Goolsbee break down the dismal jobs report and its implications. Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, discusses the timeline for getting a Covid-19 vaccine authorized for young children. Tesla CEO Elon Musk is moving the company’s HQ to Texas ; CNBC’s Phil LeBeau reports on the key moments from Tesla’s annual shareholder meeting. CNBC’s Ylan Mui discusses the Senate’s short-term bill increasing the nation’s debt limit through Dec. 3, avoiding an economic catastrophe. Plus, pay for your Tinder date's Lyft ride! In this episode: Scott Gottlieb, @ScottGottliebMD Ylan Mui, @ylanmui Steve Liesman, @steveliesman Phil Lebeau, @Lebeaucarnews Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick
Thu, October 07, 2021
Global gas prices are soaring, and Americans are now paying the most at the pump in seven years. Jeffrey Currie, Goldman Sachs global head of commodities research, discusses what’s driving the spike in energy prices. Currie says that the structural underinvestment to supply and deliver energy commodities and an increase in demand as economies reopen could be to blame. CNBC’s Julianna Tatelbaum also reports U.K. consumers and businesses are bracing for higher electricity bills this winter amid a surge in natural gas prices. General Stanley McChrystal, former commander of the U.S. and International Security Assistance Forces in Afghanistan, offers a “battle-tested” system for finding and assessing risk, drawing on his book, “Risk: A User’s Guide.” Plus, lawmakers work to avoid a debt ceiling “catastrophe,” pandemic wardrobes are shifting away from sweatpants, and bourbon distillers are facing big bills. In this episode: Jeff Currie, @GoldmanSachs Gen. Stanley McChrystal, @StanMcChrystal Julianna Tatelbaum, @CNBCJulianna Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick
Wed, October 06, 2021
Facebook faced negative testimony about user health and safety from a whistleblower yesterday in front of Congress. CNBC’s Julia Boorstin reports Facebook CEO Mark Zuckerberg is defending the company against the accusations from whistleblower Frances Haugen. Sherrilyn Ifill, president and director-counsel of the NAACP Legal Defense and Education Fund, also discusses why lawmakers need to enact regulations against Facebook. Democrats are looking to suspend the debt ceiling by targeting the filibuster ahead of a mid-October deadline. Treasury Secretary Janet Yellen and other economists say a failure to pay even one interest payment could spark a dramatic rise in interest rates across the country, weaken the U.S. dollar and threaten the greenback’s status as the globe’s reserve currency. Delaware Senator, Chris Coons (D), discusses the way forward on reconciliation and President Biden’s agenda. In this episode: Chris Coons, @ChrisCoons Sherrilyn Ifill, @Sifill_LDF Julia Boorstin, @JBoorstin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin
Tue, October 05, 2021
As the debt ceiling deadline looms, Treasury Secretary Janet Yellen says a failure to suspend or raise it could mean “catastrophic” consequences for the U.S. economy and reputation. If Congress does not find a deal by October 18th, the country will default for the first time. Yellen addresses tax concerns, proposals to avoid default, and the longevity of her successor at the Fed, Jerome Powell. Plus, computing legend Michael Dell discusses his new book, “Play Nice But Win,” and recalls starting Dell 37 years ago from a bathroom, with just $1000. He reveals the real, unglamorous stories behind his success, and what it takes to quietly build an 80 billion dollar brand. In this episode: Janet Yellen, @SecYellen Michael Dell, @MichaelDell Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin
Mon, October 04, 2021
Ozy Media CEO Carlos Watson speaks out, addressing numerous reports of mistruths that have led to his company’s demise. Confronted with misleading claims in his own company’s pitch deck and a review of texting exchanges between himself and Andrew Ross Sorkin, Watson defends the company’s history and discusses his own leadership. He addresses the allegations of inflated viewer metrics, his COO’s impersonation of a YouTube executive on an investor call with Goldman Sachs, and suggestions that his staff was misled about their work’s exposure and impact. In a lively interview, Watson assures Joe, Becky, and Andrew that Ozy Media will continue operations, and takes on the NYT media reporter who broke the story first, Ben Smith. In this episode: Carlos Watson, @carloswatson Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin
Fri, October 01, 2021
Merck and Ridgeback Biotherapeutics have developed a therapeutic pill for Covid that reduces the risk of hospitalization or death by around 50% for patients with mild or moderate cases. CNBC’s Meg Tirrell reports that Merck hopes for emergency use authorization after “compelling results” in trials. Dr. Scott Gottlieb, former FDA commissioner, also discusses Merck’s late-stage data and says it’s a ‘profound game changer’ . Billionaire investor Marc Lasry has resigned as chairman of Ozy Media, just three weeks to the day after he took the job, and less than a week since the digital news startup’s deceptive marketing methods came to light. Ben Smith, the New York Times media columnist who broke the first story, discusses the Ozy drama. Facebook’s global head of safety spoke to Instagram’s impact on teenagers’ mental health at a Senate subcommittee hearing. Senators compared Facebook to the tobacco industry for going after teens and children with a product they know is harmful to their health. In this episode: Ben Smith, @benyt Scott Gottlieb, @ScottGottliebMD Meg Tirrell, @megtirrell Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin
Thu, September 30, 2021
Congress will race to prevent a government shutdown before the debt deadline , today at midnight. CNBC’s Ylan Mui details the various other deadlines on the docket for lawmakers, including a short-term appropriations bill and the infrastructure bill. Former OMB Director in the Trump administration Mick Mulvaney joins former U.S. Senator Heidi Heitkamp (D-ND) to discuss bipartisanship, baseball, and averting a shutdown. AstraZeneca’s Covid-19 vaccine showed 74% efficacy in a U.S. clinical trial, and 83.5% efficacy in people 65 years and older. The company expects to file for U.S. approval later this year. Meanwhile, the CDC has issued a health advisory to increase Covid-19 vaccinations among women who are pregnant, recently pregnant or trying to become pregnant, to prevent serious illness and death. Plus, inflation is hitting Bed Bath & Beyond and Dollar Tree, the Business Roundtable has a new Chair, and booze stocks have a new boon. In this episode: Mick Mulvaney, @MickMulvaney Heidi Heitkamp, @HeidiHeitkamp Ylan Mui, @ylanmui Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin
Wed, September 29, 2021
Eyewear start-up Warby Parker (WRBY) begins trading today via a direct listing, testing investors’ appetite for a household direct-to-consumer retail name. Warby Parker co-founders and co-CEOs Neil Blumenthal and Dave Gilboa discuss the company’s outlook and a tech driven future. The Latino Donor Collaborative has released its 2021 U.S. Latino GDP report, revealing that growth has averaged 5.6% over the last two years, double the rate of the U.S. economy. Sol Trujillo, co-founder of the Latino Donor Collaborative and of L’Attitude, discusses the findings from the report from the L’Attitude Conference in San Diego. Federal Reserve Chair Jay Powell addressed inflation, the Fed’s stock trading ethics on Capitol Hill, and Senator Elizabeth Warren (D-MA) delivered impassioned remarks on the “danger” of Powell’s renomination . Plus, it’s National Coffee Day! In this episode: Neil Blumenthal, @NeilBlumenthal Dave Gilboa, @WarbyParker Sol Trujillo, @LATTITUDEevent, @LDCLatino Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin
Tue, September 28, 2021
Ford has announced a $11.4 billion deal to build four new battery and EV factories through a joint venture with South Korean battery maker SK Innovation. Ford CEO, Jim Farley, spoke with CNBC’s Phil Lebeau about Ford’s ambitious electric vehicle plan and what it means for American jobs and the U.S. supply chain. Data analytics company Amplitude (AMPL) has listed on the Nasdaq via direct listing, rather than a SPAC or traditional IPO. Amplitude CEO Spenser Skates and renowned venture capitalist Bill Gurley of Benchmark discuss the debut, tech valuations, and the flaws in the IPO process. Senate Republicans blocked a House-passed bill that would prevent a government shutdown and a potential default on U.S. debt . As the deadline to avoid a government shutdown and a debt default approaches, lawmakers are on the clock to pass an appropriations bill and to suspend or increase the debt ceiling. Plus, Fed Presidents are stepping down and #KenGriffinLied is trending on Twitter as more GameStop drama unfolds. In this episode: Jim Farley, @jimfarley98 Spenser Skates, @spenserskates Bill Gurley, @bgurley Phil Lebeau, @Lebeaucarnews Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin
Mon, September 27, 2021
Lawmakers are attempting to pass a funding plan in time to avert a government shutdown on Friday. The debt ceiling is expected to be part of that debate, but strategists do not expect it to be resolved at the same time. As for the $1 trillion bipartisan infrastructure bill, House Speaker Nancy Pelosi expects it to be passed this week. However, CNBC’s Ylan Mui says voting may be pushed back from today's promised deadline. There will be a return to “normal life” within a year according to Pfizer CEO and Chairman Albert Bourla, who added that it’s likely annual Covid vaccination shots will be necessary. Former FDA commissioner Dr. Scott Gottlieb discusses what normal life may look like after boosters, vaccines for kids, Covid therapeutic pills, and a drop in Covid-related deaths. A co-founder of media company Ozy allegedly impersonated a top YouTube executive in an investor call with Goldman Sachs, according to a report by The New York Times. NYT also wrote that Ozy has been padding its online traffic stats while raising millions of dollars in funding. Plus, Facebook announced today it’s pausing its work on Instagram for kids , after facing a slew of backlash from users and lawmakers. In this episode: Scott Gottlieb, @ScottGottliebMD Ylan Mui, @ylanmui Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin
Fri, September 24, 2021
Tennis champion Roger Federer, his agent Tony Godsick, and tennis legend John McEnroe kick off the Laver Cup tournament with the “Squawk Box” team. Federer and Godsick discuss co-founding the tournament, this weekend’s lineup, and the return of live sporting events. John McEnroe reunites with Joe Kernen and Joe Kernen’s hair, and weighs in on the wealth tax debate on Capitol Hill: “I pay more taxes than Jeff Bezos.” The head of the CDC overruled an advisory panel today, approving the distribution of Pfizer’s Covid boosters to a wide array of workers across the U.S. Former FDA Commissioner Dr. Scott Gottlieb discusses vaccine confusion and says the FDA and CDC should be more aligned in their approach. Costco is bringing back purchase limits on household essentials such as toilet paper, bottled water and cleaning supplies due to supply chain challenges. Plus, bitcoin and ethereum are falling after the People’s Bank of China outlawed all crypto-related activities. In this episode: Roger Federer, @rogerfederer Tony Godsick, @LaverCup John McEnroe, @JohnMcEnroe Scott Gottlieb, @ScottGottliebMD Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin
Thu, September 23, 2021
Fed Chair Jerome Powell signaled a rate hike and a stimulus taper, prompting a positive day on Wall Street. In Washington, Congress may be at a standstill to raise or suspend the debt limit, thus averting a government shutdown, and a debt default. Eric Cantor, former Republican House Majority Leader and CNBC’s Ylan Mui discuss the debt ceiling and the possible economic fallout. The Food and Drug Administration authorized Pfizer and BioNTech’s Covid-19 booster shots for people 65 and older and other vulnerable Americans six months after receiving the first two doses. Theranos founder Elizabeth Holmes continues her trial, and CNBC’s Yasmin Khorram has obtained 600 pages of Holmes’s private texts with her ex-boyfriend Sunny Balwani. Khorram reveals details of their relationship, now in the courtroom spotlight. Plus, The Points Guy Brian Kelly offers his tips for making the most of a credit card, capitalizing on the best ways to leverage Amex and Chase points for travel. In this episode: Eric Cantor, @EricCantor Brian Kelly, @thepointsguy Ylan Mui, @ylanmui Yasmin Khorram, @YasminKhorram Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin
Wed, September 22, 2021
Pfizer CEO Albert Bourla discusses his company’s donation of 500 million doses of the Covid-19 vaccine to the U.S. government for distribution among lower income countries. CNBC’s Meg Tirrell and Pfizer’s Bourla discuss equitable vaccine access and the global distribution infrastructure. The group chat app Discord is now valued at $15 billion after a new funding round. Discord CEO Jason Citron shares how he’s built a communication app in a crowded marketplace, the pros and cons of working with Apple’s App Store, and leveraging the gamer community. Plus, Congress works to avert a government shutdown, and Jamie Dimon’s making comments on the Fed. In this episode: Albert Bourla, @AlbertBourla Jason Citron, @jasoncitron Meg Tirrell, @megtirrell Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin
Tue, September 21, 2021
Uber may be bumping up its timeline for profitability. After years of losses and struggles with surge pricing and labor shortages throughout the pandemic, CEO Dara Khosrowshahi says the company is ready to turn its first adjusted profit sooner than expected. Martha Stewart shares her plans to expand Martha.com’s shopping and learning experiences for consumers. A real estate company’s debt crisis in China is rippling through markets around the world; CNBC’s Eunice Yoon reports on Evergrande’s path forward and the role the Chinese Communist Party plays in the global economy. Plus, U.S. Democratic congressional leaders are attempting to prevent a government shutdown and suspend the U.S. debt limit through the end of 2022. In this episode: Dara Khosrowshahi, @dkhos Martha Stewart, @MarthaStewart Eunice Yoon, @onlyyoontv Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin
Mon, September 20, 2021
Pfizer and BioNTech’s Covid vaccine is safe for kids, and appears to generate a robust immune response, according to results from a clinical trial of children 5 to 11. The companies tested a two-dose regimen of 10 micrograms — about a third the dosage used for teens and adults — administered three weeks apart. CNBC’s Senior Health and Science Reporter Meg Tirrell says the company plans to submit the data to the FDA and other health regulators as soon as possible. Democratic mayoral nominee Eric Adams discusses his plans for New York City businesses, it’s police force, and Wall Street. Plus, CNBC’s Robert Frank reports on Washington’s tax debate and the “death tax.” In this episode: Eric Adams, @ericadamsfornyc Meg Tirrell, @megtirrell Robert Frank, @robtfrank Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin
Fri, September 17, 2021
Federal Reserve Chairman Jerome Powell has ordered an internal ethics review after several senior central bank officials disclosed large investments and stock trades in 2020. CNBC’s Steve Liesman reports on the details of the disclosure documents, the existing rules for Fed official holdings. LinkedIn co-founder, venture capitalist, and host of the ‘Masters of Scale’ podcast Reid Hoffman discusses his new book, years of his own interviews with entrepreneurs, and the magic of an entrepreneurial spirit. A key Food and Drug Administration vaccine advisory committee meets to debate and vote on booster shots for the general public, and a former Boeing 737 Max pilot is likely to soon face criminal charges for his role in misleading aviation officials. Plus, American steel is making a comeback. In this episode: Reid Hoffman, @reidhoffman Steve Liesman, @steveliesman Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin
Thu, September 16, 2021
New Jersey Gov. Phil Murphy has issued a warning to residents who haven’t received a Covid-19 vaccine, advising them to register for their first doses as hospitalizations and ventilator usage climb across the state. Murphy discusses Covid safety in schools, tax changes for residents, and the fight for infrastructure on Capitol Hill. Apple’s new iPhone 13 promises improvements in camera performance, battery life and general speed; CNBC’s Jon Fortt breaks down industry headwinds ahead of the holiday shopping season. Plus, a fiery headache for the GM Chevy Bolt and a SpaceX liftoff . In this episode: Phil Murphy, @GovMurphy Jon Fortt, @jonfortt Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk
Wed, September 15, 2021
In an extended interview, founder of Bridgewater Associates Ray Dalio outlines his strategy for diversifying his portfolio, from the stock market to gold and cryptocurrencies. Dalio discusses the global and domestic market risks, warns investors away from cash, and considers a conflicted future for capitalism. At the Skybridge Alternatives Conference in New York, Andrew Ross Sorkin sits down with Ray Dalio and, later, former FDA Commissioner Dr. Scott Gottlieb. Dr. Gottlieb considers a future of low-Covid-risk conferences like SALT, and a timeline for child vaccines. Plus, Microsoft is buying back $60 billion in MSFT stock
Tue, September 14, 2021
The Metropolitan Museum of Art’s annual gala returned to New York City on Sunday, and hundreds of celebrities walked the red carpet to celebrate the Costume Institute’s “In America: A Lexicon of Fashion” Exhibit. Making a splash among entertainment’s wealthiest elite, New York Representative Alexandria Ocasio-Cortez donned an Aurora James gown with a loud message: “Tax the Rich.” Robinhood’s payment-for-order-flow business model has long been the focus of the platform’s biggest critics, but Robinhood chief legal officer Dan Gallagher defends the back-end payment system as benefit to retail investors. Gallagher, a former SEC commissioner, maps the market’s road to the Reddit Rebellion and the rise of retail investors. Plus, update your iPhones ! In light of security concerns, Apple is recommending that users update all of their iOS devices. In this episode: Dan Gallagher, @DanGallagherDC Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin
Mon, September 13, 2021
House Democrats outlined a bevy of tax hikes on corporations and wealthy people to fund an investment in the social safety net and climate policy that could reach $3.5 trillion. CNBC’s Robert Frank reports on the possible impact for high-earners and considers possible timeline for implementation, and Carlyle Group co-founder David Rubenstein says there is “no doubt we will have a tax increase” by the end of the year. Rubenstein weighs in on China’s regulatory crackdown and global risks to the market. The TSA will double the fine for passengers who refuse to comply with the federal mask mandate for air travel. Sara Nelson, international president for the Association of Flight Attendants, discusses her colleagues’ support for passenger vaccination mandates. A federal judge has ruled Apple can’t force developers to use in-app purchases, the latest development in Apple’s battle with Epic Games. Plus, U.S. Open Champion Daniil Medvedev defeated #1-ranked Novak Djokovic, and vaccines may be on the horizon for kids ages 5-11. News Stories: House Democrats propose new tax hikes to pay for their $3.5 trillion bill: Here are the details TSA to double minimum fines for travelers who refuse to wear masks to $500 Apple can no longer force developers to use in-app purchasing, judge rules in Epic Games case In this episode: David Rubenstein, @DM_Rubenstein Sara Nelson, @FlyingWithSara Robert Frank, @robtfrank Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin
Fri, September 10, 2021
In remembrance of September 11, 2001, New York Times foreign affairs columnist Tom Friedman, Cantor Fitzgerald and BGC Partners CEO and chairman Howard Lutnick, and CNBC’s Contessa Brewer reflect on that tragic day, how the world was shaped by it, and what’s next, at home and abroad. Lutnick remembers over two thirds of the Cantor Fitzgerald employees lost in the 9/11 attacks, and speaks to the Cantor Fitzgerald-BGC Partners annual Charity Day, in support of their families. CNBC’s Contessa Brewer reports on the physical, emotional, and financial impact, far beyond Ground Zero and far beyond 2001. Tom Friedman, author of ‘From Beruit to Jerusalem’ reflects on how 9/11 changed the players and the moves on the international, geopolitical stage. Plus, in light of today’s Covid-19 crisis, President Joe Biden has outlined a broad plan to increase Covid vaccination rates in the U.S. He announced a mandate that federal employees get a Covid vaccine, with no option for regular testing, and for health-care facilities that get Medicare and Medicaid funding to have staff fully vaccinated. News Stories: Biden to mandate Covid vaccine for federal workers, removing option to get tested instead In this episode: Tom Friedman, @tomfriedman Contessa Brewer, @contessabrewer Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin
Thu, September 09, 2021
GameStop’s latest quarterly report did little to answer Wall Street’s--and Reddit’s--concerns about the company’s turnaround plan and sky-high stock price. Ben Mezrich, author of “The Anti-Social Network,” joined to discuss his book about the Gamestop saga and how it continues to shake up Wall Street. Lululemon shares hit a fresh, all-time high after the retailer blew past Wall Street’s expectations in its latest fiscal quarter. Famous for its women’s leggings and “ABC” jogger pants for men (Joe’s & Andrew’s favorite), Lululemon sales have outperformed other retailers during the Covid pandemic. Calvin McDonald, CEO of Lululemon, discusses the company’s Q2 results, employee pay, and what’s next for the brand. Ukraine is the latest country to legalize bitcoin, a sign the currency could be here to stay. United Airlines’ employees who are granted exemptions to a company vaccine mandate for religious reasons will be put on temporary unpaid leave starting next month, citing the recent rise in Covid cases. Plus, day one of the blockbuster Theranos trial is complete as prosecutors called Holmes a liar and a cheat during opening statements. In this episode: Ben Mezrich, @benmezrich Calvin McDonald, @calvinmcdonald Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin
Wed, September 08, 2021
Private venture- and private equity-backed companies have a homogeneity problem: Black directors have consistently held only 1 percent of board seats at these companies, and Latinx directors have held even less. Gabrielle Sulzberger of Two Sigma and Ursula Burns, former Xerox CEO, founded the Board Diversity Action Alliance, and they have data to prove that now is the time to make a change. CNBC’s Steve Liesman reports on Dallas Fed President Robert Kaplan’s portfolio holdings after Kaplan made multiple million-dollar-plus stock trades in 2020. Coinbase had planned to release an interest-earning product in the coming weeks, but the SEC might take legal action against it. A jury of seven men and five women has been chosen to determine the fate of Theranos founder Elizabeth Holmes. Holmes faces a dozen counts of wire fraud and conspiracy in connection with defrauding investors and patients, but she’s waiting for trial in the Silicon Valley suburbs. Plus, Apple sent out invitations to the media for its annual September event, where the company is expected to launch new iPhones. In this episode: Steve Liesman, @steveliesman Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin
Tue, September 07, 2021
Microsoft President Brad Smith discusses cyber risks in the digital age, and explains his company’s effort to support federal, state, and local governments in building safe online infrastructure. He details Microsoft’s pledge to invest $20 billion in cybersecurity over the next 5 years and the chip shortage hitting global markets. Disney and Marvel Studios’ “Shang-Chi and the Legend of the Ten Rings” broke box office records in the U.S., garnering an estimated $71.4 over the holiday weekend. While celebrated stateside, the film has not yet been released in China. CNBC’s Eunice Yoon reports on the CCP’s relationship with entertainment and media, on the ground in Beijing. SoftBank has struck a $7 billion share-swap deal with Deutsche Telekom to increase its stake in U.S. unit T-Mobile; Softbank Group International CEO (and WeWork Executive Chairman) Marcelo Claure discusses the telecom shakeup and the implications for his own business. Plus, booster shots for Covid vaccinations are on the horizon, and high tech mattresses are in vogue. In this episode: Brad Smith, @BradSmi Marcelo Claure, @marceloclaure Eunice Yoon, @onlyyoontv Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Melissa Lee, @MelissaLeeCNBC
Fri, September 03, 2021
In August, the US economy added only 235,000 jobs, much less than economists were expecting. The hiring blitz at bars and restaurants came to an abrupt halt in August as more Covid-19 cases and a scarcity of willing workers kept employers from adding to payrolls. CNBC’s analysis of the August 2021 jobs report shows a loss of 42,000 jobs in food services and drinking places last month. Nela Richardson of ADP, Jason Furman of Harvard, and CNBC’s Steve Liesman and Rick Santelli discuss the disappointing August jobs report. Former FDA Commissioner, Dr. Scott Gottlieb, predicts that Northeastern states, including New York and Connecticut, will experience another jump in Covid cases tied to the highly transmissible delta variant. Dr. Gottlieb recommends that schools that have brought kids back for in-person learning should increase coronavirus testing, in addition to masking and improving ventilation. Plus, Cathie Wood says auto buyers are abandoning gas-powered vehicles, but CNBC’s Phil LeBeau reports on the reality of car sales, electric and otherwise.
Thu, September 02, 2021
At least 22 people were killed as the remnants of Hurricane Ida battered New York, New Jersey, and Pennsylvania. NBC meteorologist Bill Karins reports on Ida’s path and the record rain and flooding that deluged the region and triggered states of emergency on Thursday. CNBC’s Ylan Mui and Walter Isaacson, history professor at Tulane and renowned author, discuss how the extreme weather may impact priorities for Washington’s infrastructure deal. CNBC’s Meg Tirrell reports that new data from GoodRx reveals more doctor-patient visits unrelated to the pandemic, both for cosmetic and mental health reasons. Plus, Axios reporter Sara Fischer talks TV and film as release dates for major pictures are pushed to 2022
Wed, September 01, 2021
As students return to physical classrooms, cases of Covid-19 are ticking up among children. The Academy of American Pediatrics President Dr. Lee Savio Beers discusses classroom safety and a timeline for a kids’ vaccine. In a survey of 400 U.S. CEOs, KPMG found that American executives are optimistic about the economy, despite more and more delays to the return to office. Paul Knopp, KPMG U.S. CEO and chair, discusses the c-suite outlook on inflation, hybrid work, and taxation. Plus, August was a big month for the markets.
Tue, August 31, 2021
America’s 20-year war in Afghanistan came to an end as the Americans stationed there finished their evacuation. CNBC’s Eamon Javers details the military’s next steps for extracting the remaining group of Americans in the country, as well as the Biden administration’s strategy to monitor the Taliban. CNBC’s Frank Holland reports on how residents of New Orleans are planning for the days ahead as the city remains without power and with limited access to other resources in the wake of Hurricane Ida. After the storm shut down at least six Gulf Coast refineries, RBC Capital Markets head of global commodity strategy Helima Croft discusses energy production as the region gets back on its feet. Croft considers other headlines in oil, including the Taliban’s new role in global energy politics and the upcoming OPEC meeting. The Federal Reserve is looking for signals from the labor market to gauge when it should tighten monetary policy. CNBC’s Steve Liesman and Mohamed El-Erian, Allianz and Gramercy advisor, discuss the upcoming August jobs report, Fed Chair Powell’s comments at Jackson Hole, and the Delta variant’s impact on inflation and the U.S. economic recovery. Plus, PayPal is exploring adding a new stock-trading feature to its platform, and China is cracking down on gamers.
Mon, August 30, 2021
Hurricane Ida made landfall in Louisiana on Sunday as a Category 4 storm with winds of 150 miles per hour, one of the strongest storms to hit the region since Hurricane Katrina. Senator Bill Cassidy (R-LA) discusses the damage caused by Hurricane Ida as over one million people in the region--including his own family--are without power. The United States is a day away from ending its evacuation mission in Kabul, marking the apparent end of a 20-year engagement in Afghanistan. AEI President Emeritus, contributing writer for The Atlantic, Harvard professor, and host of “The Art of Happiness” podcast Arthur Brooks discusses President Biden’s agenda, including the withdrawal from Afghanistan. Covid-19 vaccines for kids may be closer than experts originally expected, and countries in the EU are set to restrict American travelers due to variant outbreaks stateside. Plus, Elizabeth Holmes, founder and former CEO of Theranos, begins her trial this week, and her defense claims that her ex-boyfriend and Theranos partner subjected her to a “decade-long campaign of psychological abuse.” Unsealed filings also reveal Holmes plans to testify in her own defense.
Fri, August 27, 2021
The U.S. and its allies have warned that more terrorist attacks in Kabul are likely, as the deadline for military withdrawal from Afghanistan draws near. CNBC’s Eamon Javers reports on the latest information gathered after the twin suicide bombings in Kabul. Children are now being hospitalized in record numbers across the United States, and doctors are warning that it could get worse as physical classrooms welcome students back. Dr. Ezekiel Emanuel, vice provost of global initiatives at the University of Pennsylvania and former Coronavirus Advisory Board Member for President Biden, discusses delta variant concerns and the need for higher vaccination numbers among adults to stop the spread. United States Tennis Association CEO Michael Dowse discusses a safe and successful U.S. Open just days before the tournament’s first day in New York, detailing the protocols and the players that fans can expect. Plus, supply chain issues that may impact retail margins and the holiday shopping season.
Thu, August 26, 2021
Delta Air Lines is the first company to raise health insurance premiums for employees that are not vaccinated against Covid-19. Shellye Archambeau, board member of Verizon, Okta and Nordstrom, discusses whether this move is the beginning of a movement from employers, and shares how executives are weighing vaccine incentives and ultimatums in the boardroom. J.M. Smucker CEO Mark Smucker says inflation and supply chain issues are hitting the jelly business, but Smucker’s is still expanding its portfolio--from coffee brands to dog food. CNBC’s Eunice Yoon reports on China’s marketplace for fake Covid-19 vaccination cards, and she shares which U.S. states are receiving the biggest shipments. Plus, happy National Dog Day!
Wed, August 25, 2021
Johnson & Johnson announced that it has enough data to support administering a booster dose of the Covid-19 vaccine. Following the announcement, the CDC tweeted that they need more data and information before recommending a booster dose from J&J. CNBC’s Meg Tirrell reports on the new research supporting the booster. Tim Cook was named CEO of Apple 10 years ago. He took over Apple at a turbulent time when Jobs was battling pancreatic cancer and the company's future seemed uncertain. Toni Sacconaghi, Bernstein senior research analyst and longtime Apple watcher, discusses Apple’s last decade under CEO Tim Cook’s leadership and the company’s legacy. As more and more companies institute a variation of vaccine mandates, former EY Chairman and CEO Mark Weinberger discusses the risks and nuances of requiring vaccinations for employees. Plus, Democrats compromise for Biden’s economic agenda, and meme stock mania is back!
Tue, August 24, 2021
The House has once again delayed a planned vote to advance two key proposals that make up President Joe Biden’s economic agenda. Rep. John Yarmuth (D-KY) and Rep. Jason Smith (R-MO) discuss the path forward for an infrastructure deal and a budget resolution. Major companies – from Walt Disney to Walmart – have already mandated Covid-19 vaccines for some or all of their employees, and now that the FDA has granted the Pfizer-BioNTech vaccine full approval, more businesses are poised to follow suit. John Ho, co-chair of the OSHA-workplace safety practice at Cozen O’Connor, discusses whether employers can mandate coronavirus vaccines and if they had the legal authority to do so. Plus, an NFT of a rock just sold for 400 ether, or about $1.3 million, and CNBC’s Eamon Javers swaps movie recommendations--and quotes--with Joe Kernen.
Mon, August 23, 2021
The FDA has fully approved Pfizer and BioNTech’s Covid-19 vaccine. Director of the National Institutes of Health Dr. Francis Collins explains what this approval might mean for vaccine hesitancy across the country. He also answers questions about vaccine safety for children, as young people prepare to return to school amid an uptick in cases of the Delta variant. Beloved game show Jeopardy! is host-less as the show still searches for Alex Trebek’s successor. Variety’s business editor Cynthia Littleton discusses the money at stake and the show’s long run. Plus, cryptocurrencies are back on the rise, Tropical Storm Henri took out power for thousands along the east coast, and Governor Cuomo has reached his last day on the job.
Fri, August 20, 2021
In an extended interview, sports icon and 39-time Grand Slam champion Billie Jean King discusses the 2021 U.S. Open Tennis Championship amid pandemic and her autobiography, “All In.” As more and more professional athletes speak out about mental health in sports, King considers her own experience with mental health, the media, and activism. In a conversation exclusive to Squawk Pod, Joe Kernen shares why he finds her journey so inspirational and emotional, and underlines her role in pushing all of society forward. Plus, once again, a dance on Tesla’s stage is making headlines.
Thu, August 19, 2021
Social media giants Facebook, Twitter, and YouTube each have differing policies on how the Taliban can interact with their platforms. As the group gains control in Afghanistan, investor Kevin O’Leary and Anti-Defamation League CEO Jonathan Greenblatt debate social media’s responsibility to censor the Taliban, or not. A third vaccine shot in the U.S. has prompted a global debate about vaccine access and public health, but the Biden administration is moving forward with a plan to boost eligible populations as early as this fall. Joe, Andrew and Steve Liesman break down consumer spending, consumer worries, and the indicators of economic recovery in the face of the Delta variant. Plus, as retailers continue to report strong financial results, the team considers a return to the office “peacocking” trend.
Wed, August 18, 2021
After Target delivered second quarter financials topping all analyst expectations, CEO Brian Cornell sits down with Becky Quick to discuss his business investment strategies. The two talk omnichannel growth, employee support, and consumer tastes. The U.S. government is recommending vaccinated adults take a booster Covid-19 vaccine, and former FDA Commissioner Dr. Scott Gottlieb explains who, when, and why a booster is necessary for a safe public. Plus, Chinese tech giants are under scrutiny, and TikTok is back in the spotlight on Capitol Hill--this time, for its data.
Tue, August 17, 2021
New York is not dead, according to Jerry Seinfeld, New Yorkers, and real estate mogul Jeff Blau, CEO of Related Companies. Blau discusses the real estate rebounds in NY-based rentals and sales, and shares his outlook for Hudson Yards tenants and Covid safety. CNBC’s Robert Frank shares statistics on the city’s rebound, but flags low subway ridership and office presence as potential obstacles to recovery. Endeavor CEO Ari Emanuel talks Hollywood talent and entertainment’s own recovery, from live sporting events to movies and gaming. China’s crackdown on internet companies continues, the markets deliver a stunning bounce back, and the American public may soon be signing up for Covid booster vaccines. Plus, online gambling is breaking new ground--and so is Joe Kernen.
Mon, August 16, 2021
The Afghan government has fallen to the Taliban, and global politics are shifting in response. CNBC’s Dan Murphy in Abu Dhabi considers the global and regional ramifications of the Taliban’s movements, as well as what’s at stake for President Biden, as he weighs an American response. Former State Department Official Evelyn Farkas, a longtime proponent of withdrawing U.S. forces from Afghanistan, considers what’s next for actors across the international stage. As the United States continues to grapple with new Covid-19 cases, companies across the country are delaying their return to in-person work. Harvard Business School Professor Tsedal Neeley discusses the permanence of a hybrid workplace. Plus, the Federal Reserve is avoiding a “taper tantrum” as it considers a response to the recovering U.S. economy, and Tesla’s autopilot feature is under investigation, officially.
Fri, August 13, 2021
Former FDA Commissioner Dr. Scott Gottlieb discusses the FDA’s approval of a booster Covid-19 vaccine for immunocompromised Americans. In an extended interview, he discusses cases of the Delta variant, longevity of vaccine efficacy, and what’s to come in the fall. Plus, CNBC’s Kate Rogers explains what all this means for small businesses and restaurants. In a conversation exclusive to Squawk Pod, Rogers reveals entrepreneurial optimism and service industry innovation in the face of an ongoing pandemic.
Thu, August 12, 2021
Bitcoin, ethereum, blockchain, the Senate, and a whole lot of volatility. Andrew Ross Sorkin explains why so many people are talking about the cryptoeconomy, in a conversation exclusive to Squawk Pod. Capitol Hill, the SEC, and the global public are grappling with what these tokens are--securities, maybe--and how to regulate them. Alesia Haas, CFO of Coinbase, the world’s largest cryptocurrency exchange, discusses the company’s recent financial results, the volatility that’s supported its success, and ways to keep investors safe.
Wed, August 11, 2021
In an extended interview, legendary short-seller Jim Chanos discusses AMC’s meme stock journey, movie theaters, apes, Reddit, and all. Short interest in AMC is rising in the wake of AMC’s quarterly financial report, but Wall Street is warning retail investors that the “Mother of All Short Squeezes” that they’re waiting for, may not be as fun a play as they’re expecting.
Tue, August 10, 2021
While President Biden and leaders across corporate America have been encouraging, incentivizing, and even requiring that employees get vaccinated, Senator Ted Cruz (R-TX) has vocally opposed mask mandates, vaccine mandates, and Covid-19 passports. In a lively interview with Andrew Ross Sorkin and Becky Quick, Senator Cruz defends his stance on masks in schools and weighs in on employer rights to require behaviors from their workers. Plus, CNBC’s Senior Economics Reporter Steve Liesman shares data from CNBC’s All-America Economic Survey, which reveals American openness to vaccination and vaccination requirements. In a conversation exclusive to Squawk Pod, Liesman explains where most Americans find mandates reasonable, and where they don’t.
Mon, August 09, 2021
U.S. Secretary of Labor Marty Walsh and U.S. Secretary of Commerce Gina Raimondo are teaming up to expand and prepare America’s workforce. The bipartisan infrastructure bill working through Congress aims to invest $100 billion in job creation, supporting small businesses as they recover from and power through the pandemic. In an extended interview with Andrew Ross Sorkin, the two secretaries discuss the infrastructure bill, diversifying the private sector’s talent pipeline, and the future of the American workforce.
Fri, August 06, 2021
The economy added 943,000 jobs in July, the best pace in nearly a year and nearly 100,000 more than economists expected. Kate Moore, head of thematic strategy for BlackRock’s global allocation team, Austan Goolsbee, former Council of Economic Advisers chairman, break down the numbers. CNN has terminated three of its employees for lying about their Covid-19 vaccination statuses and coming to the office, according to a memo sent to staff internally. Tom Gimbel, founder and CEO of staffing firm LaSalle Network, and Kate Kelly, reporter at The New York Times, discuss return to work policies and corporate America’s role in leading the next wave of vaccinations. United Airlines will require its 67,000 U.S. employees to get vaccinated against Covid by no later than Oct. 25th; those unwilling to comply will risk termination. CNBC’s Phil LeBeau says this move will likely ramp up pressure on other major U.S. carriers to follow suit. CNBC’s Kate Rogers reports on the teacher shortage ahead of a new school year. Plus, Virgin Galactic announced it will sell seats for space tourism flights, starting at $450,000.
Thu, August 05, 2021
Uber CEO Dara Khosrowshahi is prioritizing his customers’ experiences, investing in driver acquisition to alleviate price surging and wait times as ride hailing gets back on track. Khosrowshahi also defends his decision not to mandate vaccines for all riders and drivers. The meme stock mania continues with the company that started it all: Robinhood. Now a meme stock itself, Robinhood has announced a stock sale as the retail “apes” push its price higher. In an effort to combat climate change, the White House announced a target for the country’s cars: by 2030, half of all American vehicle sales will be electric. U.S. Transportation Secretary Pete Buttigieg explains the collaboration between the Biden administration and automakers, including voluntary corporate commitments and corresponding federal funding expectations. Plus, an Elon Musk biography is underway, and earnings season is sending issuer stock prices on the market’s roller coaster.
Wed, August 04, 2021
SEC Chair Gary Gensler shares his plan for taming the “Wild West” that is the cryptocurrency ecosystem. After years of leadership in finance regulation and teaching blockchain technology at MIT, Gensler praises innovation, but calls for “guard rails.” China is aiming to curb new Covid cases, and New York City has a new access pass for its social scene: proof of vaccination. Plus, CNBC’s Eamon Javers reports that the CDC is stepping in to extend the eviction moratorium.
Tue, August 03, 2021
After 17 months and three vaccines, Covid cases continue to tick up, even in the U.S. Senate. Operation Hope Chairman and CEO John Hope Bryant offers a progress report of his nonprofit’s efforts to alleviate financial strain on American workers amid the pandemic; he’s partnered with various U.S. corporations to provide financial coaching to employees. Delta CEO Ed Bastian attests to the impact this initiative has had for his own employees. Bastian also discusses maintaining Delta workers’ physical wellbeing with vaccination policies for passengers. Plus, China is cracking down on video games, and Pepsico is shelving its juices.
Mon, August 02, 2021
Jack Dorsey’s Square is acquiring Australian buy-now-pay-later company Afterpay in a $29 billion deal that deepens its foothold in digital payments. Former FDA Commissioner Dr. Scott Gottlieb discusses potential booster vaccines to curb continuing illness, and he considers the CDC’s data delivery and transparency. Plus, Disney's latest box office debut is straight out of the jungle, and an infrastructure package could mean a smoother ride for road trippers in the years to come.
Fri, July 30, 2021
The Covid Delta variant is likely infecting more people than are being recorded, according to former FDA Commissioner Dr. Scott Gottlieb. He discusses transmission and hospitalization rates and responds to concerning data from an internal CDC presentation obtained by The Washington Post. Spirit Airlines CEO Ted Christie considers what the variant data means for leisure travel, and explains why he hasn’t required vaccinations for his own employees or passengers. Scarlett Johansson and Disney are at odds after “Black Widow'' was released in theatres and on Disney+ on the same day. The actor claims the simultaneous push breached her contract, and Disney has fired back at the lawsuit. Plus, in the wake of Robinhood’s public debut, the stock hasn’t quite lived up to its promise--at least, not yet.
Thu, July 29, 2021
Vlad Tenev, Robinhood CEO, says meme investing is no joke, “it’s a real thing.” Free stock trading app Robinhood surged in popularity among retail investors through the Covid-19 pandemic and the meme stock mania of 2021. The company sold shares in its Nasdaq launch at $38 a piece, valuing it over $30 billion. Tenev celebrates Robinhood’s IPO, the role of ‘payment for order flow’ in the next generation of investing, cryptocurrencies, and what the road to the public market means to him personally. Andrew Ross Sorkin, Joe Kernen and Morgan Brennan look for lessons for Robinhood in the legends of IPOs-past and …. Kernen on cruise control.
Wed, July 28, 2021
Sen. Elizabeth Warren says she’s skeptical that Bitcoin will prove to be a reliable hedge against inflation over the long run, a key reason some investors choose to own it -- and why she’s warning for tighter regulation, suggesting it will help root out “snake oil salesmen” and may shore up the confidence of investors in the nascent asset class. And, Warren’s tax proposal on the wealth of ultra-millionaires and billionaires garnered a lot of attention from Wall Street during the early days of the 2020 Presidential campaign. In a striking - and at times fiery - exchange, billionaire and Home Depot founder Ken Langone joins the Squawk Box gang to discuss the possible policy’s impact on the richest of rich Americans.
Tue, July 27, 2021
Beijing’s sweeping regulatory crackdown on technology, education, food delivery and property sectors has sent shockwaves across global markets, driving Chinese markets down. Kyle Bass of Hayman Capital Management says it's 'unconscionable' for global fund managers to invest in China. CNBC’s Eunice Yoon reports from a tutoring company in China as new rules in that once under-the-radar industry shed light on the demographic and industrial changes in the world’s second-largest economy. Tesla releases a better-than-expected second-quarter earnings report, and the electric vehicle maker passed $1 billion in quarterly net income for the first time, but Elon Musk is leaving the chat. CNBC’s Phil LeBeau breaks down the headlines with Joe Kernen, Andrew Ross Sorkin and Morgan Brennan. Plus, Bitcoin levels off after Amazon denied a rumor that it would start accepting the token as payment.
Mon, July 26, 2021
Luxury electric vehicle maker, Lucid Motors, debuts today under the ticker LCID. Lucid’s first electric vehicle, the $77,000 Lucid Air, is expected to be delivered to customers in the second half of 2021. Peter Rawlinson, chief executive officer at Lucid Motors, discusses the trading debut and the future of electric vehicles. Ratings for the Olympic Games’ opening ceremony were down 36% compared to 2016. Axios Media Reporter, Sara Fischer, and CNBC’s Jabari Young weigh in on the ratings, logistical challenges, and the latest news from Tokyo. Bitcoin surged to its highest level since mid-June today, trading as high as nearly $40,000, after a recruitment ad suggested that Amazon may start accepting the cryptocurrency for payment. Plus, CNBC’s Eunice Yoon reports on the tensions between the U.S. and China …. and Joe Kernen is taking his bets.
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