Squawk Pod

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, @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.

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_mckenzieJeffrey Sonnenfeld, @JeffSonnenfeldAndrew 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.

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, @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.

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, @garyveePete Buttigieg, @SecretaryPeteJoe Kernen, @JoeSquawkMelissa Lee, @MelissaLeeCNBCKlaire Odumody, @klairemarie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @JoeSquawkKelly Evans, @KellyCNBCCourtney Reagan, @CourtReaganKlaire Odumody, @klairemarie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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, @JoeSquawkDavid Faber, @davidfaberKatie 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 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, @RickSantelliAllison Schrager, @AllisonSchragerBetsey Stevenson, @BetseyStevensonMichael Santoli, @michaelsantoliJared Holz, @MizuhoAmericasJoe 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.

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, @JoeSquawkMelissa 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.

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, @RepJoshGJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickZach Vallese, @zachvallese Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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.