Squawk Pod

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.

ExxonMobil reported record profits for its latest quarter. CEO Darren Woods discusses oil prices and how his company’s profits complicate its relationship with the White House. After a busy week of tech earnings, Joe Kernen, Becky Quick, and Andrew Ross Sorkin consider the results for tech players including Amazon, Snap, Pinterest, and Intel. Coinbase is firing back at the SEC’s Wells notice, flagging the company’s potential violations of securities law. Plus, Microsoft and Activision Blizzard plan to appeal the UK CMA’s decision to block their merger. Former Facebook General Counsel Chris Kelly explains what this means for the FTC, what the appeals process might look like, and how regulator crackdown on companies could affect the dealmaking ecosystem. In this episode:Darren Woods, @exxonmobilJoe 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 day after Britain’s regulator, the UK Competition and Markets Authority, blocked Microsoft’s acquisition of Activision Blizzard, Activision CEO Bobby Kotick is on the record about his planned appeal. Britain’s decision could affect the FTC’s decision in the U.S., but Kotick says of the UK CMA, “they don’t really understand our business.” The House of Representatives has passed a bill to raise the debt ceiling, but it’s widely considered to be “dead on arrival” to the Senate. Plus, Meta reported a strong quarter despite a loss in its metaverse unit, and Theranos founder Elizabeth Holmes is going to prison–but not yet. In this episode:Bobby Kotick, @ATVI_ABJoe 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.

Microsoft and Alphabet have reported strong financial results, but as CNBC’s Steve Kovach reports, investors were only listening for big tech’s big plans for AI. RSE Ventures co-founder and “Burn the Boats” author Matt Higgins discusses the AI strategy for all the tech giants and what’s at stake for companies that slow their innovation. Elsewhere in the AI arms race, Apple is planning an AI-powered health coach. Biotech company Illumina is fighting to keep Grail, a product that tests for cancer with only a single drop of blood. CEO Francis Desouza discusses his proxy fight with activist investor Carl Icahn and the push to divest Grail from the rest of the biotech business. Plus, Wall Street is sizing up the balance sheets of regional banks including PacWest and First Republic. In this episode:Matt Higgins, @mhigginsSteve Kovach, @stevekovachJoe 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.

Famed investor Peter Lynch shares his tips for a successful portfolio. After turning Fidelity’s Magellan Fund into one of the most successful mutual funds of all time, Lynch retired in his 40s, but still invests personally, decades later. He shares his “buy what you know” philosophy, and urges investors to do their homework on the companies they’re betting on. In a whirlwind of news announcements, CNN’s Don Lemon and Fox’s Tucker Carlson are out of their respective networks. Semafor co-founder and editor in chief Ben Smith discusses what’s next for all parties, and the impact both departures might have on ratings. Troubled regional bank First Republic has reported much larger deposit outflows than Wall Street expected; Piper Sandler analyst Andrew Liesch discusses the report and the financial drama still to come. Plus, President Biden is running for another term. In this episode:Ben Smith, @semaforbenJoe 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.

A colossal week for corporate earnings awaits: a third of the S&P 500 and nearly half of the Dow report quarterly results over the next 5 days. JPMorgan Asset Management global market strategist Gabriela Santos explains what we may learn about the U.S. economy through the performance of equities and considers whether a slowdown is coming. Jeff Shell, CEO of CNBC parent NBCUniversal, left his role after admitting to having an inappropriate relationship with a company employee. CNBC’s Julia Boorstin and LightShed’s Rich Greenfield discuss what’s next for NBC’s leadership, business, and content. Plus, CNBC.com political finance reporter Brian Schwartz reports, some state financial officers who have criticized ESG have been simultaneously personally invested in the fossil fuel industry. In this episode:Rich Greenfield, @RichLightShedJulia Boorstin, @JBoorstinBrian Schwartz, @schwartzbCNBCJoe 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.

Treasury Secretary Janet Yellen has called for a “constructive” and “healthy” relationship between the United States and China, in spite of conflicting national security interests. Former Xerox CEO Ursula Burns and West Exec Advisors co-founder Michele Flournoy discuss the fine line that corporate leaders must walk to do business globally. Twitter has finally implemented a previously announced removal of blue check marks. The change means that only paying Twitter Blue subscribers will retain a blue check mark next to their name. Disney is telling its lobbyists to step up its fight against Florida Governor Ron DeSantis and his GOP allies by targeting land use related bills that could hurt the company. Plus, Buzzfeed is laying off 15% of its staff and police in Canada are investigating a gold heist valued at around $15 million from Toronto’s Pearson airport. In this episode (no blue check marks here!):Michèle Flournoy, @micheleflournoyJoe 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.

Actor, comic, investor, and entrepreneur Kevin Hart discusses his new tequila brand, Gran Coramino, with partner and CEO of Global Brand Equities, James Morrissey. Hart discusses his many ventures, including VC, vegan fast food, and entertainment. As debt ceiling negotiations heat up in Washington, members of the Problem Solvers Caucus Rep. Josh Gottheimer (D-NJ) and Rep. Brian Fitzpatrick (R-PA) emphasize the importance of finding common ground between parties and moving forward. Plus, Tesla has a margin problem, Florida Governor DeSantis’s fight with Disney is escalating, and news for Swifties of all ages: Taylor Swift dodged the FTX disaster by doing her due diligence. In this episode:Kevin Hart, @KevinHart4realJosh Gottheimer, @RepJoshGPhil Lebeau, @LebeaucarnewsJoe 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.

Fox Corp. has agreed to pay $787.5 million to Dominion Voting Systems to settle a defamation lawsuit over false claims that Dominion’s machines swayed the outcome of the 2020 presidential election. Tom Rogers, Gamesquare executive chairman, and Barton Crockett, Rosenblatt Securities senior analyst, discuss the fallout from Fox Corp’s defamation lawsuit settlement and the future of Fox. CNBC’s Eamon Javers also discussed the settlement with Hootan Yaghoobzadeh, co-founder of Staple Street Capital, the private equity firm that owns Dominion Voting Systems. Nasdaq CEO Adena Friedman discusses A.I.’s role in the markets and how the exchange is implementing the technology for safety and efficiency. Plus, Google is launching its first foldable smartphone, and Netflix delays its password-sharing crackdown.In this episode:Adena Friedman, @adenatfriedmanEamon 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.

Fresh off his own trip to Taiwan and China, New York Times foreign affairs columnist Thomas Friedman discusses the complicated cultural and financial relationship between the U.S. and China. House Minority Leader Rep. Hakeem Jeffries (D-NY) discusses the tense debt ceiling negotiations across the aisle and a timeline for a resolution. CNBC’s Steve Kovack reports on Apple, which has opened its first store in India in a shift away from China. Plus, McKinsey is paying new hires to delay their starts, and Florida Governor Ron DeSantis is taking on Disney (again). In this episode: Hakeem Jeffries, @RepJeffriesThomas L. Friedman, @tomfriedmanSteve Kovach, @stevekovachJoe 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 his latest business venture, actor, producer, and entrepreneur Ryan Reynolds has invested in fintech company Nuvei. Reynolds and his new partner Nuvei CEO Philip Fayer share how they’ll work together, and why they’re betting on fintech and on innovation in Canada. Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, discusses his next concern for the markets, as the “higher for longer” interest rate policy continues. Plus, it’s game time for the banking industry; big banks have begun to roll out results, and mid-size banks are unveiling financials this week. A month after the collapse of Silicon Valley Bank and the subsequent regional banking crisis, investors will read quarterly financials as indicators of banking instability and the long term impact of SVB’s failure. Google CEO Sundar Pichai has big expectations for AI, and Dominion’s lawsuit against Fox News will head to trial Tuesday, after a delay. In this episode:Ryan Reynolds, @VancityReynoldsMohamed El-Erian, @elerianmJoe 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.

President of the Chicago Federal Reserve Austan Goolsbee considers which economic data reveals the most about the American economy. Goolsbee discusses the Fed’s battle against inflation and the indicators of recession that he’s watching closely. Andrew Ross Sorkin sits down with Formula One CEO Stefano Domenicali, who explains the long road to building an American fanbase, starting with the Netflix show “Drive to Survive.” CNBC’s Phil LeBeau reports on Boeing’s warning about 737 Max deliveries and the many issues the company has faced in recent years. Plus, French protesters stormed the LVMH headquarters this week, home to offices of CEO–and the world’s richest man–Bernard Arnault. In this episode:Stefano Domenicali, @F1Austan Goolsbee, @Austan_GoolsbeeJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinMelissa Lee, @MelissaLeeCNBCSteve Liesman, @steveliesmanCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Tech entrepreneur Alex Karp discusses how AI like ChatGPT fits into Palantir’s data analytics and machine learning. At the Leadership Summit in Kiawah, the Palantir CEO weighs in on large language models, or LLMs, America’s edge in tech innovation, the Russian war in Ukraine, and threats from China–including TikTok. In Seattle, Amazon CEO Andy Jassy discusses his own generative AI and LLM project: Bedrock. In a wide-ranging interview, Jassy discusses Amazon’s growth in grocery and health care, Prime Video live sports, and ML-enabled advertising. Plus, he has unveiled Amazon’s latest shareholder letter. In this episode:Andy Jassy, @ajassyAlex Karp, @PalantirTechAndrew Ross Sorkin, @andrewrsorkinMelissa 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.

Berkshire Hathaway Chairman and CEO Warren Buffett is in Tokyo for the first time in 11 years. This special three-part series delivers Becky Quick’s full interview with the Oracle of Omaha in Japan. In the third and final part of their conversation, Buffett weighs in on artificial intelligence, his evolving views on bitcoin, and how he stays sharp at 92. (Spoiler: He’s sweet on sweets.) Joe Kernen and Andrew Ross Sorkin are stateside with plenty of questions, but not as much sugar. In this episode:Joe Kernen, @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.

Berkshire Hathaway Chairman and CEO Warren Buffett is in Tokyo for the first time in 11 years. This special three-part series delivers Becky Quick’s full interview with the Oracle of Omaha in Japan. In Part 2, Buffett comments for the first time on the regional banking crisis, the collapse of Silicon Valley Bank, and the regulatory response. The 92-year-old reflects on Jerome Powell’s leadership at the Federal Reserve and his biggest worries, while Joe Kernen and Andrew Ross Sorkin join stateside. In this episode:Joe Kernen, @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.

Berkshire Hathaway Chairman and CEO Warren Buffett is in Tokyo for the first time in 11 years. This special three-part series delivers Becky Quick’s full interview with the 92-year-old Oracle of Omaha and his successor Greg Abel in Japan. In Part 1, the Berkshire leaders explain their bullish case on Japan’s five largest trading houses, plus the similarities–and differences–in their leadership styles. Buffett and Abel discuss everything from basketball to the Berkshire-owned railroad, BNSF, while Joe Kernen and Andrew Ross Sorkin join stateside. In this episode:Joe Kernen, @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.

Eric Schmidt, Google’s former CEO and chairman, discusses the AI arms race in China and in the U.S., as well as the Future of Life Institute’s viral letter on AI, which calls for a pause on development. With an infusion of $80 billion, the IRS has big plans for taxpayers. CNBC’s Robert Frank reports on which taxpayers are likely to face a crackdown. Plus, Becky Quick is in Tokyo! Warren Buffett’s Berkshire Hathaway has raised its stakes in Japan’s five largest trading houses, and Buffett himself is in Japan, getting ready for a 3-hour interview on Squawk Box to discuss the move. In this episode: Robert Frank, @robtfrankJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinMelissa 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.

Carlyle Group co-founder and co-chairman David Rubenstein considers how the banking crisis of today compares to that of 2008. In a wide-ranging conversation, he discusses the latest jobs report, the tight labor market, and the Federal Reserve’s path forward. Rubenstein shares details from his upcoming new docuseries on PBS, “Iconic America.” A federal judge in Texas suspended the FDA’s approval of the abortion pill mifepristone. CNBC’s Meg Tirrell reports on the pharmaceutical response to the decision. Plus, ‘The Super Mario Bros. Movie’ had a big weekend at the box office, China completed military exercises near Taiwan, and Jon Rahm mastered the Masters. In this episode:Meg Tirrell, @megtirrellEamon Javers, @EamonJaversAndrew Ross Sorkin, @andrewrsorkinJoe 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.

The U.S. economy added 236,000 jobs in March, and the unemployment rate ticked down to 3.5%. Joe Kernen, Becky Quick, and Andrew Ross Sorkin break down the Labor Department’s latest data and what it means for investors and for the Federal Reserve’s rate hiking journey. CNBC’s Steve Liesman and Rick Santelli join SMBC Nikko Securities America Chief Economist Joe Lavorgna and former Labor Department Chief Economist Betsey Stevenson to digest the report. In this episode:Steve Liesman, @steveliesmanAndrew 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.

President Macron is meeting President Xi, Speaker Kevin McCarthy (R-CA) is meeting President Tsai, and CNBC’s Eunice Yoon has the pulse of Beijing through it all, on the ground in China. Stateside, high tax states like New York and California are seeing an exodus of residents due to the burden. CNBC’s Robert Frank reports on the money-fueled movers, and former Senator Judd Gregg (R-NH) debates sitting Senator Michael Gianaris (D-NY) about the tax policies and wealth disparities shifting in America. LightShed’s Rich Greenfield offers a sneak peek at the movie and streaming world: a weekend watch list for moviegoers and a “for sale” sign, for moviemakers. Plus, Costco reported lackluster sales, and Tesla has released its “Master Plan 3.” In this episode:Rich Greenfield, @RichLightShedEunice Yoon @onlyyoontvRobert Frank, @robtfrankAndrew 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.

For better or worse, the age of AI has arrived! LinkedIn co-founder, ‘Masters of Scale’ podcaster, and OpenAI investor Reid Hoffman co-founded AI company Inflection and co-wrote a book with GPT-4; he considers public fears of the technology, calls to pause its development, and the rift between Elon Musk and OpenAI founder Sam Altman. ExxonMobil is growing its green energy business. Dan Ammann, President of ExxonMobil Low Carbon Solutions, shares how clean energy fits in with the company’s larger business goals. The Justice Department has criminally charged Charlie Javice, founder of college financial planning platform Frank, with defrauding JPMorgan Chase out of $175 million. Plus, CNBC’s Eamon Javers reports on news from former President Trump’s arraignment in Manhattan.In this episode:Reid Hoffman, @reidhoffmanDan Ammann, @exxonmobilEamon Javers, @EamonJaversAndrew 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.

JPMorgan Chase CEO Jamie Dimon delivers a direct warning in his annual letter: “The current crisis is not yet over.” Joe Kernen, Becky Quick, and Andrew Ross Sorkin digest Dimon’s commentary on the banking crisis, inflation, and energy with real estate mogul and Starwood Capital Chairman and CEO Barry Sternlicht. In a direct conversation spanning inflation, the Fed, and corporate real estate, Sternlicht warns, a recession is coming. At Disney, CEO Bob Iger has fired back at Florida Governor Ron DeSantis, and he has spoken directly to shareholders. BofA Securities analyst Jessica Reif Erlich unpacks all the storylines in the House of Mouse. Plus, Google is cutting costs–and paper–where it can. In this episode:Andrew Ross Sorkin, @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.

UFC parent Endeavor is taking a majority stake in World Wrestling Entertainment, spinning off UFC and WWE into a new company. CNBC’s Alex Sherman, who broke the story over the weekend, discusses the many colorful characters in the new boardroom, and what’s next in streaming and scripted entertainment. Sen. Joe Manchin (D-WV) discusses the Inflation Reduction Act, U.S. deficit, and pushing for a “reasonable, responsible” middleground. Plus, OPEC is cutting oil output, in a surprise announcement, McDonald’s is preparing to lay off corporate workers, and Starbucks is at odds with the labor unions–again. In this episode:Senator Joe Manchin, @Sen_JoeManchinAlex Sherman, @sherman4949Andrew 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.

Former President Donald Trump has been indicted by a grand jury for hush money payments to porn star Stormy Daniels just before the 2016 election. It marks the first time a former U.S. president has been charged with a crime. CNBC’s Eamon Javers reports on Trump’s indictment and what it means for the future of the Republican party. The Fed’s key inflation gauge rose slightly less than anticipated in February, providing some hope that interest rate hikes are helping ease price increases. Jason Furman, former chair of the Council of Economic Advisers and Harvard economics professor, discusses his current thoughts on the Federal Reserve. Plus, Atlantic Council CEO Fred Kempe discusses the United States’ relationship with China and what it means for big tech companies like TikTok, Apple and Tesla.In this episode:Jason Furman, @jasonfurmanFred Kempe, @FredKempeEamon Javers, @EamonJaversJoe 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.

House lawmakers tore into top U.S. bank regulators at congressional hearings this week about how Silicon Valley Bank and Signature Bank collapsed practically overnight. Daniel Tarullo, former Fed governor and Harvard Law School professor, discusses what went wrong with Silicon Valley Bank, if de-regulation had any impact on the collapse, and who is at fault. Elon Musk and dozens of other technology leaders have called on AI labs to pause the development of systems that can compete with human-level intelligence. Michael Wolf, Activate co-founder and CEO, discusses his concerns with artificial intelligence but says you can’t stop the forward march of technology. Plus, CNBC’s Robert Frank reports some wealthy residents in Los Angeles are racing to unload their high priced homes before a new mansion tax goes into effect.In this episode:Michael Wolf, @mjwRobert Frank, @robtfrankJoe 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.

Antibiotics and generics are in short supply, and it’s affecting every demographic in the U.S. CNBC’s Senior Science & Health reporter Meg Tirrell does a deep dive into America’s prescription drug shortage. In a conversation exclusive to Squawk Pod, Tirrell explores the supply chain disruptions and market failures that are to blame for the shortage. Plus, Joe Kernen and Becky Quick digest Wall Street’s headlines: Jamie Dimon’s upcoming deposition, the Silicon Valley Bank hearings on Capitol Hill, rising costs of elite education, and an Ice Age-era snack. In this episode:Meg Tirrell, @megtirrellJoe 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.