Squawk Pod

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, @maxwelltaniJaclyn Rice Nelson, @tribe_aiTsedal Neeley, @tsedalJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @JoannaSternDanny Meyer, @dhmeyerJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinBecky Quick, @BeckyQuickCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @WalterIsaacsonJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCourtney Reagan, @CourtReaganKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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_EppersonPhil Lebeau, @LebeaucarnewsJoe Kernen, @JoeSquawkMelissa Lee, @MelissaLeeCNBCCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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: @LJMoynihanSapna Maheshwari, @sapnaJoe Kernen, @JoeSquawkMelissa Lee, @MelissaLeeCNBCKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @JoeSquawkMelissa Lee, @MelissaLeeCNBCAndrew Ross Sorkin, @andrewrsorkinBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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@DoorDashPaul Ryan, @SpeakerRyanAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @andrewrsorkinJoe Kernen, @JoeSquawkMichael Santoli, @michaelsantoliKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKlaire Odumody, @klairemarie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKlaire Odumody, @klairemarie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @CP3Eamon Javers, @EamonJaversJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @MichaelHyterSr1Gale King, @elcinfoEunice Yoon, @onlyyoontvJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @RepRoKhannaEunice Yoon @onlyyoontvJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @SteveCaseSteve Liesman, @steveliesmanJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @HomeDepotJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @ScottGottliebMDEamon Javers, @EamonJaversJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @CathieDWoodEamon Javers, @EamonJaversJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @tomfriedmanAlex Stamos, @alexstamosJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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_armstrongJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @arthurbrooksJoanna Stern, @joannasternJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @SpeakerMcCarthyJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @GeoffLewisOrgBruce Feiler, @BruceFeilerKelly Evans, @KellyCNBCAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @JoeSquawkKelly Evans, @KellyCNBCSteve Kovach, @stevekovachKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @jamesLmcgregorJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @JakeShermanJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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! Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @sapnaKayla Tausche, @kaylatauscheCourtney Reagan, @CourtReaganBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @EricDezenhallBrian Deese, @briandeeseNECKayla Tausche, @kaylatauscheBecky Quick, @BeckyQuickBrian Sullivan, @SullyCNBCKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @thepointsguyBecky Quick, @BeckyQuickMelissa Lee, @MelissaLeeCNBCRobert Frank, @robtfrankKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @tedcruzBecky Quick, @BeckyQuickMelissa Lee, @MelissaLeeCNBCKayla Tausche, @kaylatauscheSteve Kovach, @stevekovachKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @neelkashkariBecky Quick, @BeckyQuickMike Santoli @michaelsantoliSteve Liesman, @steveliesmanKayla Tausche, @kaylatauscheKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @baselinesceneJon Fortt, @jonforttBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @JGreenblattADLMatt Shay, @NRFnewsJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @MarthaStewartHakeem Jeffries, @RepJeffriesKevin McCarthy, @SpeakerMcCarthyEamon Javers, @EamonJaversJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @JDVance1Eamon Javers, @EamonJaversJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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_officialJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @kaylatauscheJulia Boorstin, @JBoorstinMelissa Lee, @MelissaLeeCNBCJoe Kernen, @JoeSquawkCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @vladtenevRobert Frank, @robtfrankJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @linakhanFTCJon Fortt, @jonforttKayla Tausche, @kaylatauscheJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @alexcrippenBecky Quick, @BeckyQuickMichael Santoli, @michaelsantoliKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @alexcrippenBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @alexcrippenBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @samaJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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 @katekellySteve Liesman, @steveliesmanJoe Kernen, @JoeSquawkMelissa Lee, @MelissaLeeCNBCCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @RepRoKhannaJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @dkhosBen Smith, @semaforbenJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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_CohnJessica Kriegel, @jessica_kriegelLeslie Picker, @LesliePickerJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.