Squawk Pod

It’s Black Friday! Retailers are ready for a weekend of holiday shoppers–both in store and online. CNBC’s Bertha Coombs reports on the brick-and-mortar shoppers, and former Macy’s President, CEO, and Chairman Terry Lundgren explains the consumer appetite for spending, even in such a pinched economic environment. Overseas, CNBC’s Eunice Yoon has the supply chain side of the retail story; she reports on Beijing’s “zero-Covid” policy and the protests that have broken out at Foxconn’s iPhone plant in Zhengzhou, China. Plus, Warren Buffett’s made some large donations in the holiday spirit, crypto exchange Binance is looking to lift the entire industry after its rival FTX prompted a sector-wide meltdown, and Elon Musk is rethinking the relaunch of Twitter Blue. In this episode: Steve Liesman @SteveliesmanBecky Quick @BeckyQuickBertha Coombs @berthacoombsEunice Yoon:@onlyyoontvAndrew 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 tale of 2022 continues to focus on record-high inflation, impacting business and consumers. The cost of food at home and in restaurants has surged this year, rising between 9.5 and 10.5%. On this Thanksgiving, we are grateful for stories like entrepreneur Cameron Mitchell’s. The owner of restaurants in 14 states and Washington, D.C., Mitchell has been a regularguest on Squawk Box since the earliest days of the pandemic in 2020, when he had to furlough thousands of workers. Mitchell tells Becky Quick that his business is back again, but these days, costs are a bigger concern than staffing and traffic. In “the worst cost environment” of his career, Mitchell is eyeing his margins and showing gratitude to his guests. In this episode: Cameron Mitchell @CMRColumbusBecky 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.

On the conversational menu this Thanksgiving: debating the character (and intentions) of disgraced FTX founder Sam Bankman-Fried, Disney’s new Avatar movie, China’s cycle of lockdowns, managing the holiday rush of travelers, and cooking the turkey to perfection. Galaxy Digital’s Mike Novogratz, a longtime crypto bull and billionaire with over $76 million in exposure to FTX, considers the winners coming out of the crypto exchange’s fiasco. CNBC’s Phil LeBeau has the traveler story from Chicago’s O’Hare International Airport, and CNBC’s Beijing Bureau Chief Eunice Yoon reports on another round of Covid lockdowns across China. Plus, Bill Nolan, an expert at the Butterball Turkey Talk-Line, has all the tips for a crisis-free, flavorful Thanksgiving meal. Happy Thanksgiving! In this episode:Mike Novogratz:@novogratzBill Nolan: @butterballPhil Lebeau: @LebeaucarnewsEunice Yoon:@onlyyoontvAndrew Ross Sorkin, @andrewrsorkinBrian 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.

Oil prices boomerang, after closing below $80/barrel for the first time since September. White House Special Presidential Coordinator For International Energy Affairs Amos Hochstein weighs in on the tapping of the strategic petroleum reserve, the rumors of OPEC+ changing output plans and global energy prices. Thanksgiving travelers should gear up for possible delays due to airline staffing, warns Dennis Tajer of the Allied Pilots Association, representing 15,000 pilots at American Airlines. Plus, Disney’s new Bob Iger era takes shape, FTX’s bankruptcy proceedings begin and legendary investor Carl Icahn gets in on meme stock mania – with a GameStop short. In this episode: Amos Hochstein @AmosHochstein Dennis Tajer @DennisTajerMelissa Lee @MelissaLeeCNBCJoe Kernen, @JoeSquawkAndrew 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.

Bob Iger is back! Disney’s board has decided, shortly after renewing CEO Bob Chapek’s contract, that his predecessor Bob Iger is better suited to lead the company than his handpicked replacement. So Bob (the first) is back, and it’s awkward for everyone. New York Times columnist and “Disney War” author James Stewart teams up with leadership expert Jeffrey Sonnenfeld, from Yale’s School of Management, to discuss the succession mess at the House of Mouse, and what investors have ahead of them. Plus, the FTX mess continues in the Bahamas. CNBC’s Kate Rooney reports on the now shuttered FTX HQ in Nassau, and all the fallout for crypto investors and the man that triggered it all, Sam Bankman-Fried. In this episode:James Stewart, @JamesStewartNYTJeff Sonnenfeld, @JeffSonnenfeldJoe Kernen, @JoeSquawkAndrew 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 wake of the midterms, a leadership shakeup in Washington: Nancy Pelosi will step aside from her leadership post, and Rep. Kevin McCarthy (R-CA) is likely to take her place as Speaker of the House. FTX’s fiasco has triggered a crypto meltdown, and the mistakes of its leadership have renewed urgency for regulation in the space. Former SEC enforcer Lisa Braganca explains how regulators can protect crypto investors from future collapses like this one. Plus, in the reign of Elon Musk, Twitter is undergoing major layoffs, and, a story for the sneakerheads! Foot Locker’s new CEO Mary Dillon discusses her company’s big quarter and the trends giving a new life to “sneaker wardrobes.” Have a long memory about corporate name changes like Joe Kernen? Check out this classic CNBC report on retail bankruptcies and how Venator became Foot Locker. In this episode:Lisa Braganca: @LisaBragancaMary Dillon:@FootlockerJoe Kernen, @JoeSquawkAndrew 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.

Today's Squawk Pod is brought to you by the letters CZ, SBF, FTX … and BUSD? AML? There is, seemingly, no end to the many, many abbreviations, initials and vernacular related to the collapse of crypto exchange FTX and the aborted deal by the world’s largest crypto exchange, Binance, to buy it out before bankruptcy. Binance CEO Changpeng Zhao “CZ” slams the behavior of his one-time friend and professional rival, FTX’s former leader Sam Bankman-Fried: “I’m just shocked.” CZ tells his behind-the-scenes story of Binance’s due diligence into the books at FTX and decision to walk away from acquiring the platform. Squawk Box anchors Joe Kernen, Becky Quick and Andrew Ross Sorkin get into all the tweets, the tokens, the DMs, the PR stunts, and what’s next for folks at places like the SEC and the DOJ. Plus, the Republicans make a House majority official and Ticketmaster’s Taylor Swift fiasco hits Swifties of all generations. In this episode:CZ, @cz_binanceJoe Kernen, @JoeSquawkAndrew 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.

Despite a housing slump, Lowe’s CEO Marvin Ellison says that the home improvement business is going strong. In an interview after the company’s earnings beat, Ellison highlights the key demographic heating up its home-buying: millennials. For Royal Caribbean, demand is strong, too; CEO Jason Liberty recalls the rough seas during the height of the pandemic, but underlines the travel and cruise resurgence. Plus, former President Trump has officially announced his bid for the White House in 2024, and NASA’s Artemis 1 mission heads to the moon! In this episode:Joe Kernen, @JoeSquawkAndrew 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.

Berkshire Hathaway Vice Chairman Charlie Munger, at 98, weighs in on the market’s latest hyped asset–and its collapse: crypto. As exchange FTX crumbles and its CEO faces regulatory and social scrutiny, Charlie Munger, a longtime partner and friend of Warren Buffett, compares this stock market story to all the ones he’s seen before. In an extended interview with Becky Quick, Munger considers the real value in the blockchain, examining the claim that bitcoin is the “new gold.” Plus, he might not tweet, but the seasoned billionaire has thoughts on Elon Musk and on Tesla, his “minor miracle.” In this episode:Joe Kernen, @JoeSquawkAndrew 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.

Black Panther: Wakanda Forever breaks the box office, showing the second highest opening weekend of 2022 and grossing $180 million domestically. Endeavor CEO Ari Emanuel joins the team to give an update on the appetite for media content as many companies are tightening their spending; Emanuel also speaks to recent controversies of anti-Semitism from celebrities Kyrie Irving and Kanye West. The collapse of crypto exchange FTX continues to shock investors and possibly exposes founder Sam Bankman-Fried to criminal liability. Plus, President Biden meets with Chinese President Xi Jinping today to discuss the countries’ tumultuous relationship. The New York Times Foreign Affairs Columnist Thomas Friedman gives his take on the critically important relationship between the U.S. and China, China’s actions towards Taiwan and the possible future economic impact of intervention. Thomas Friedman, @tomfriedmanKayla Tausche, @kaylatauscheJoe Kernen, @JoeSquawkAndrew 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.

The consumer price index increased 0.4% for the month and 7.7% from a year ago. Joe, Becky, and Andrew discuss how the better-than-expected report prompted a market rally, and consider next steps for the Fed in its fight against inflation. New Jersey Governor Phil Murphy discusses the squeeze on consumers and the rising crime rates across the country. Crypto exchange FTX has filed for bankruptcy. After a tumultuous week in crypto, CEO Sam Bankman-Fried has stepped down. Plus, Elon Musk’s new Twitter Blue policy has proved confusing for tweeters, corporate and otherwise. In this episode:Phil Murphy @GovMurphyEunice Yoon @onlyyoontvJoe Kernen, @JoeSquawkAndrew 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.

In a supersized episode, Becky Quick sits down with Nike co-founder Phil Knight for a rare interview. For the first time, Knight comments on Nike’s decision to cut ties with NBA star Kyrie Irving. The Oregon gubernatorial race is still too close to call; a proud Oregonian himself, Knight explains why he’s donated nearly $5 million combined to the Republican and Independent candidates, while Nike has publicly backed the Democrat candidate Tina Kotek. Once worth $32 billion, crypto exchange FTX is struggling to survive. SEC Chair Gary Gensler discusses regulators’ roles in protecting investors against the crypto collapse. Plus, an election update in Georgia: Senate candidates Democratic Sen. Raphael Warnock and Republican Herschel Walker are heading to a runoff in December. And, at the helm of Twitter, Elon Musk has nixed the blue check mark! In this episode: Gary Gensler, @GaryGenslerBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew 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.

As results for the U.S. midterm elections trickle in, Joe Kernen, Becky Quick, Andrew Ross Sorkin, and Ylan Mui discuss the tightest races and the value–and lack thereof–in polling. Former Senator Judd Gregg and President Obama’s former chief of staff Bill Daley consider what the results might tell us about the electorate’s biggest concerns. The biggest corporate stories might be moving the markets even more than politics: Disney’s big disappointment, Meta’s 11,000 laid off employees. A crypto drama is also affecting the wider markets: crypto exchange Binance has offered to buy out its rival FTX. Circle CEO and crypto expert Jeremy Allaire discusses whether FTX’s liquidity issues are simply one of many crypto dominos to fall, as well as the celebrities and star investors that got caught up in the FTX hype. In this episode:Jeremy Allaire, @jerallaireJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinBecky Quick @BeckyQuickYlan Mui, @ylanmuiKatie 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.

This special hosted by the Squawk Box crew hits on all the business topics at play in tonight’s midterm elections and how the results could impact your money. Guest lineup includes Scott Minerd, Dan Niles, former Commerce Secretary Carlos Gutierrez, Chamber of Commerce CEO Suzanne Clark, Former Fed Vice Chair Roger Ferguson, and much more.= Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

This special hosted by the Squawk Box crew hits on all the business topics at play in tonight’s midterm elections and how the results could impact your money. Guest lineup includes Scott Minerd, Dan Niles, former Commerce Secretary Carlos Gutierrez, Chamber of Commerce CEO Suzanne Clark, Former Fed Vice Chair Roger Ferguson, and much more. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Thousands of workers have been laid off across the tech industry, and employees are braced for another blow from Meta. Labor expert and consultant Jason Greer warns workers: if you’re worried, start working from your office. As recession looms and inflation pressures consumers, gaming might be taking a hit; Take-Two Interactive Software, game publisher and owner of Grand Theft Auto and NBA 2K, cited squeezed consumers and flagging demand in its disappointing quarterly results. Chairman and CEO Strauss Zelnick discusses engaged but financially-stressed gamers, a gamer’s expectations of the metaverse, and leisure indicators for the larger economy. Plus, Jeff Bezos, Jay-Z, and now Matthew McConaughey are reportedly exploring a bid to buy the Washington Commanders, and the Tyson Foods CFO is in hot water. And…it’s Election Day–go vote! In this episode:Jason Greer, @LaborDiversityJoe Kernen, @JoeSquawkAndrew 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.

Layoffs are sweeping Silicon Valley. In a wide-ranging interview, Chairman of IAC and of Expedia Barry Diller comments on Meta’s layoffs and Mark Zuckerberg’s $30B bet on the metaverse, the midterm elections, TikTok’s stateside future (or lack thereof), and Netflix’s dominance in the streaming wars. The media mogul considers Elon Musk’s next move, and inflation’s squeeze on corporate bottom lines. Plus, Diller goes on the record about the Microsoft-Activision Blizzard acquisition that landed him in a federal investigation. In this episode:Joe Kernen, @JoeSquawkAndrew 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.

Baron Capital CEO and Founder Ron Baron joins Becky Quick at the 29th annual Baron Conference, a gathering of Baron-invested businesses at Lincoln Center in New York City. The conference is back in person for the first time since 2019 celebrating 40 years since the fund was founded. They discuss the current volatility in the economy and actions by the Fed. Baron is also a big investor in Elon Musk and speaks more on Tesla, his purchase of Twitter and where he sees the companies going in the future. Plus, the U.S. reports 261,000 new jobs in October, beating expectations. Joe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinBecky 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.

Billionaire investor Sam Zell warns of potential recession heading toward the U.S. in a lively discussion on the Squawk Box set in Times Square. The U.S. Federal Reserve continues its aggressive interest rate increase policy in 2022; Chairman Jerome Powell warned in his regular press conference that more economic pain is likely to come as the central bank wages an historic battle against inflation. And, admitting an addiction to Twitter is the first step… In this episode:Steve Liesman @SteveliesmanJoe Kernen, @JoeSquawkAndrew 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.

The Biden Administration is highlighting the record high profits of big oil companies by proposing the implementation of a windfall profit tax. National Economic Council Director Brian Deese calls for gas companies to lower their prices and reduce the high margins they’re charging. However, the proposal for this tax remains controversial as the midterm elections approach. Plus, the Twitter soap opera’s latest episode: Axios’ Dan Primack on Elon Musk’s first few days as Chief Twit – questions of moderation, revenue, verification and keeping advertisers from heading to the door. In this episode:Brian Deese, @BrianDeeseNECDan Primack, @danprimackJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinBecky 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.

Uber CEO Dara Khosrowshahi says that U.S. consumers are healthy and choosing to spend on services, like ride-sharing. The company reported third quarter financials today - and suffered a loss, but beat analysts’ expectations on revenue. Khosrowshahi is also confident on the business for the rest of the year due to booming travel, easing COVID restrictions and shifts in consumer spending. And, the Biden Administration is floating windfall profit taxes on the oil and gas industry due to record-high energy prices. Plus, the dogecoin gets another day. In this episode:Dara Khosrowshahi, @dkhosJoe Kernen, @JoeSquawkAndrew 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.

The Elon Musk chapter at Twitter begins with a busy weekend of tweets, trolls, conspiracy theories and tentative changes to “blue-check” verified users’ experience. Walter Isaacson, with a Musk biography in the works, observed events first-hand and shares the tale of the weekend. So much for a spooky October for the markets; the Dow is on pace to have the best month since the 1970s disco era. And, workers at one of the world’s busiest iPhone factories fled the Foxconn facility over fears of a Covid lockdown. Former SEC Chair Jay Clayton describes the interconnected relationship the complicated U.S. supply chain retains with China. Plus, Happy Halloween! In this episode: Walter Isaacson, @WalterIsaacsonJoe Kernen, @JoeSquawkAndrew 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.

Elon Musk officially owns Twitter. $44 billion, and one soap opera later, the Tesla CEO has completed the deal to buy social media platform Twitter, and he’s already prompted some big changes to its executive leadership. After two consecutive quarters of big profits for oil companies, Exxon Mobil CEO Darren Woods joins the team to discuss global energy prices, geopolitics’ implications on the global oil market, and ESG’s impact on big oil’s bottom line. Crude oil has gone, in the last 2 years, from -$37.63 in April of 2020, to over $80 a barrel this week. Plus, CNBC’s Sharon Epperson reports on the asset that could be a safe haven from market volatility; they’re ibonds, and they’re currently in high demand. In this episode:Darren Woods, @exxonmobilSharon Epperson, @Sharon_EppersonJoe Kernen, @JoeSquawkAndrew 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.

Facebook parent Meta reported disappointing quarterly results, prompting a plunge in its stock price. In spite of Wall Street’s doubters, CEO Mark Zuckerberg defended his investments in the metaverse to investors on the company conference call. As midterms creep closer, Ways and Means Committee Republican Leader Rep. Kevin Brady (R-TX) explains his party’s plans for the country, should they win the House. Plus, Credit Suisse is undergoing a big overhaul…to get smaller. The Swiss bank is building back from a client collapse; CNBC’s Geoff Cutmore reports the story, complete with money launderers, corporate spies, and an interview with Credit Suisse CEO. In this episode:Kevin Brady, @RepKevinBradyGeoff Cutmore, @GeoffCutmoreJoe Kernen, @JoeSquawkAndrew 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.

Now that the “Davos in the Desert” has wrapped up in Riyadh, Representative Ro Khanna (D-CA) discusses America’s role in the global energy markets, and California’s plan for taxing residents, taxing tech, and taxing the oil companies. For the first time in Alphabet’s recorded history, YouTube’s revenue declined. The platform’s shrinking ad budget could be a warning for the rest of the industry. In other tech earnings reports, Microsoft beat analyst expectations but offered weak guidance, pointing to waning consumer interest. Visa’s CEO and CFO both told investors on the company’s quarterly call that consumer spending and employment are strong and stable, despite potential for a future recession. Plus, Chipotle mentioned waning traffic in its own report, as inflation pressures consumers. In this episode:Ro Khanna, @RepRoKhannaJoe Kernen, @JoeSquawkAndrew 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.

Comedian Hasan Minhaj has made his career off of his social commentary; an episode of his talk show “Patriot Act” was even removed by Netflix after a legal complaint from the Saudi government. His second Netflix special “The King’s Jester” is now streaming, poking fun at hedge funds as well as his own life, and he’s bringing his humor to Squawk. In a conversation spanning Yeezy and the Adidas decision to terminate its partnership with Kanye West, the United Kingdom’s new PM Rishi Sunak, and Saudi-U.S. relations. Plus, CNBC’s Dan Murphy reports from Riyadh as global investors convene for this year’s “Davos in the Desert.” In this episode:Hasan Minhaj, @hasanminhajJoe 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.

U.S. midterm elections are about two weeks away, and the biggest voting issue for the American public: the economy. A close second, according to NBC polling, is the preservation of American democracy. CNBC’s Ylan Mui explains the widespread concern about election integrity, and political strategist and pollster Frank Luntz urges both sides of the political aisle to stop their squabbling in the name of democracy. Luntz also issues a warning to markets and voters: midterm polling might be misleading. Plus, the Fed’s plan for interest rates is driving market volatility, Google is facing backlash over email management, President Xi Jinping is tightening his grip on power in China, and the UK’s new Prime Minister has been named: Rishi Sunak. In this episode:Frank Luntz, @FrankLuntzYlan Mui, @ylanmuiJoe Kernen, @JoeSquawkAndrew 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.

NYC Mayor Eric Adams shares his plans for a “unified” solution to subway and street violence in New York, including a summit on public safety and criminal justice this weekend. The leader of the nation’s largest city discusses the challenges facing his leadership: New Yorkers’ safety anxiety, the thousands of asylum seekers who have arrived in the city as well as encouraging office workers to return to pre-pandemic commutes. After Elon Musk’s tweets about Russia and Ukraine, the Biden administration is reportedly considering putting the Tesla CEO and his businesses under national security reviews. Musk also made waves by telling investors he plans to layoff 75% of Twitter’s workforce if he takes ownership of the social media platform. Plus, Snap’s stock keeps sliding, and TikTok is denying a report that the platform’s parent has used data to track the physical location of users. And, cheese is delicious! In this episode:Eric Adams, @NYCMayorJoe Kernen, @JoeSquawkAndrew 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.

Major League Pickleball?! NBA star Kevin Durant and investor Rich Kleiman have purchased an MLP expansion team, and they’re set to compete in 2023. The investing team shares the appeal of pickleball teams, the upside financial potential, and the upcoming NBA season. Overseas, the UK is managing yet another shift of power with Liz Truss’s resignation, and here at home, Americans are gearing up for midterm elections. CNBC’s Steve Liesman shares the results of his All-America Survey, which reveal the most pressing concerns for the American public across political affiliations. Plus, Tesla has reported quarterly results as mixed as the Wall Streeters watching the company. CNBC’s Phil Lebeau explains the bull and bear case for Tesla and for Elon Musk. In this episode:Leslie Picker, @LesliePickerSteve Liesman, @SteveLiesmanPhil Lebeau, @LebeaucarnewsJoe Kernen, @JoeSquawkAndrew 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.

It has been 35 years since the October 1987 Black Monday market crash, still the record for Wall Street’s worst single-day stock plunge: a 22.6% drop. Wall Street veteran and Merrill Wealth Management President Andy Sieg reflects on the lessons investors can glean from market history. State Department official, Special Presidential Coordinator for International Energy Affairs Amos Hochstein, discusses President Biden’s plan to release more crude oil from the U.S. Strategic Petroleum Reserve and the White House strategy to ease gas pricing pressures on American consumers. Plus, the IRS is answering inflation with changes to your tax bracket, and Netflix is taking a stand against excessive password-sharing…but how many shares are too many? In this episode:Amos Hochstein, @amoshochsteinJoe Kernen, @JoeSquawkAndrew 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.

In an extended interview, Goldman Sachs CEO David Solomon discusses the bank’s planned reorganization, as well as how 2022’s market volatility has affected his company’s bottom line in its third quarter financial report. Solomon looks ahead to the “choppy markets” that could affect portfolios in the coming months, and considers the benefits of his bank’s return-to-office policy. Plus, UK Prime Minister Liz Truss faces national frustration with her leadership, and reportedly, President Biden’s preparing to sell oil from the U.S. emergency reserve. In this episode: David Solomon, @DavidSolomonJoe Kernen, @JoeSquawkAndrew 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.

After President Xi Jinping delivered a speech at the Chinese Communist Party congress over the weekend, leaders and experts around the world are considering what his strategy to maintain power means for the balance of geopolitics around the globe. Member of the Council on Foreign Relations Michelle Caruso-Cabrera discusses the implications of Xi’s speech for the U.S. and for global markets, as well as the next chapter for a U.K. struggling with an energy crisis, falling pound, and leadership transition. Geopolitics have also taken hold in executive boardrooms in the U.S., shifting corporate strategy across industries. NYTimes bestselling author and famed critic of “woke” culture Vivek Ramaswamy argues that ESG initiatives and shareholder capitalism are doing more harm than good; however, Yale’s leadership expert Jeff Sonnenfeld insists that C-suite stances on social justice and the global balance of power are worthwhile. In a heated debate, the two corporate culture pundits spar over the many implications of America’s outspoken companies. Plus, Meta’s metaverse is low on traffic, and reorganizations could be en route for Fox and for Goldman Sachs. In this episode:Michelle Caruso-Cabrera @MCaruso_CabreraVivek Ramaswamy, @VivekGRamaswamyJeff Sonnenfeld, @JeffSonnenfeldJoe Kernen, @JoeSquawkAndrew 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.

In his new memoir “Up Close and All In: Life Lessons from a Wall Street Warrior,” former Morgan Stanley Chairman and CEO John Mack recounts his time leading the bank through the 2008 Financial Crisis, including the market and leadership strategies that earned him the nickname, “Mack the Knife.” Mack sits down in an extended interview with Andrew Ross Sorkin that turns personal: he opens up about his Dementia diagnosis, and his evolved definition of success. In this Episode:Joe Kernen, @JoeSquawkAndrew 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.

September’s Consumer Price Index data is out, and inflation is showing no signs of a slowdown, despite multiple Fed rate hikes. In a review of the monetary and fiscal policies the U.S. government has implemented to tame the economy, former Speaker of the House Paul Ryan considers this country’s timeline to recession, and which strategies will make a downturn worse. With so much inflation and market malaise, could I bonds be the risk-free asset investors need? In this episode:Paul Ryan, @SpeakerRyanBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew 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 British pound continues its volatile month as the Bank of England reportedly considers extending its emergency bond-buying program. Joe, Becky, and Andrew discuss the “gilts,” the latest comments from President Biden, Treasury Secretary Janet Yellen, and JPMorgan Chase CEO Jamie Dimon, and what global monetary and fiscal policies are doing for our economic outlook. Amazon is holding its second Prime Day of the year; VP of Amazon Prime Jamil Ghani shares some of the best deals of the 48 hour early access sale, as well as Prime Video’s biggest wins, including Thursday Night Football and “The Rings of Power.” Plus, The Rock is in Times Square, and Elon Musk is putting a price tag on “musk.” In this episode:Jamil Ghani, @jamilghaniBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew 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 the markets waver amid concerns of an oncoming–or ongoing–recession, Joe, Becky, and Andrew consider the latest economic commentary from the likes of JPMorgan Chase CEO Jamie Dimon, investor Paul Tudor Jones, and Fed Vice Chair Lael Brainard. After 16 years of reporting on founders, startups, and tech, CNBC’s Julia Boorstin has woven together new research and 60+ interviews with female leaders for her new book, “When Women Lead: What They Achieve, Why They Succeed, and How We Can Learn from Them.” She shares how once-underestimated qualities in female leaders–like vulnerability and empathy–prove to be some of the most effective qualities in the C-suite. In a conversation about entrepreneur headwinds, funding flows, and leadership, Boorstin highlights how everyone can learn lessons from these women’s successes. Plus, CNBC’s Courtney Reagan reports on Piper Sandler’s semi-annual teen survey, including the demographic’s favorite trends and buying habits. (Spoiler: Crocs might only be cool for Gen Z.) In this episode:Becky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinJulia Boorstin, @JBoorstinCourtney 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.

Ahead of Robin Hood’s annual Investors Conference, Robin Hood Foundation founder Paul Tudor Jones considers whether the U.S. economy is in a recession, the Federal Reserve’s role in getting us here, and Fed Chair Jay Powell’s plan to get us out. A billionaire hedge funder and legendary trader, Paul Tudor Jones weighs in on the crypto market and offers some macroeconomic perspective, explaining the market’s short term pain ahead of our economy’s long term gain. As a founder of the anti-poverty nonprofit Robin Hood and the ESG-tracking nonprofit JUST Capital, he addresses backlash against ESG and greenwashing, as well as the geopolitical risks facing our long-term prosperity. Plus, congratulations to former Fed Chairman Ben Bernanke! In this episode:Paul Tudor Jones, @ptj_officialBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew 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 Labor Department has reported that 263,000 jobs were added in September, and the unemployment rate fell to 3.5%. The numbers will likely encourage the Federal Reserve to stay the course, on their aggressive rate hike policy to curb inflation. In the aftermath of the OPEC+ decision to cut oil output by 2 million barrels a day, the U.S. is exploring an ease of its sanctions on Venezuela in an effort to both boost oil flows, ease domestic energy market pressures, and push Russia and Saudi Arabia out of South America. Former CNBC anchor and current member of the Council on Foreign Relations Michelle Caruso-Cabrera breaks down President Biden’s geopolitical strategy. Plus, President Biden has pardoned thousands of people convicted of marijuana possession, global investors remain concerned that Credit Suisse is having liquidity issues, and Elon Musk is working to avoid a trial with Twitter. In this episode: Tsedal Neely @tsedalMichelle Caruso-Cabrera @MCaruso_CabreraBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew 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.

OPEC+, including Saudi Arabia and Russia, have decided to cut oil production by 2 million barrels a day. The decision puts pressure on a Europe already squeezed by an energy crisis and a conflict in Ukraine, and it could be interpreted as a snub to the Biden administration, which has been asking the Saudi Kingdom to ramp up production to ease pressure on the U.S. energy markets. CNBC’s Brian Sullivan, on the ground in Vienna for the announcement, deciphers the message OPEC and Russia are sending to the United States with their decision, and Rep. Ro Khanna (D-CA) offers a message that we as Americans could send back. Plus, the team unpacks the hairy details of getting a Twitter-Musk deal done, and Louisiana is firing back against ESG. In this episode:Ro Khanna, @RepRoKhannaBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinBrian Sullivan, @SullyCNBCCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Elon Musk’s deal to buy Twitter is back on track–but questions remain. Can he afford it, and does he have the time to run it? CNBC’s wealth reporter Robert Frank maps out Musk’s financial ability to complete the deal, highlighting the $6 billion he’s still short. If he scrounges together the cash to succeed, Musk biographer Walter Isaacson considers whether Musk has the time to run the platform, and offers insights into the billionaire’s desire to own the platform in the first place. It might, he suggests, be to create a “super app”; CNBC’s China Tech Correspondent Arjun Kharpal discusses whether Musk could turn Twitter into a “super app” like China’s WeChat. In this episode:Walter Isaacson, @WalterIsaacsonBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkArjun Kharpal, @ArjunKharpalCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

After a bright start to the fourth quarter, Joe, Becky, and Andrew consider what’s driving the rally, whether it will last, and what the Fed might do in response. In KPMG’s new CEO survey, almost all 400 leaders included, the vast majority of them (91%) are expecting a recession in the next year, but even more of them (93%) are confident in the growth prospects for the U.S. economy. KPMG Chair and CEO Paul Knopp discusses the survey findings, including the biggest concerns weighing on the c-suite, and the biggest opportunities that executives envision on the horizon. CNBC’s Diana Olick reports on the hybrid work model’s impact on urban office space, just as Meta announced layoffs and an office closure in New York. Plus, Theranos founder Elizabeth Holmes is getting another hearing and Elon Musk is in hot water on Twitter. In this episode:Becky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinDiana Olick @DianaOlickCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kim Kardashian’s Instagram ad post about the EthereumMax token has cost her $1.26 million. SEC Chair Gary Gensler discusses the celebrity’s settlement with the regulator and explains why her post–and others from DJ Khalid and Steven Seagal–raised a flag that other celebrity ads do not. Concerns about whether Credit Suisse is on the brink of a “Lehman moment” have rocked the global banking industry. Andrew reports on the Swiss bank’s financial health and the fallout it could have on the rest of the financial ecosystem. Plus, Hurricane Ian has claimed dozens of lives, and as one of the biggest storms to ever hit the U.S., its path is costing residents and insurers millions, from South Carolina down to Florida. Property and casualty insurance analyst from KBW Meyer Shields discusses the widespread damage, and offers tips for maintaining water supply and building safety for those returning home for the recovery. In this episode:Becky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew 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.

Joe, Becky, and Andrew recap a long, turbulent month and quarter for the markets as we head into the fourth quarter. Investor, founder of Evercore, and former U.S. Treasury official Roger Altman discusses whether the Fed’s policies will have a hard or a soft landing, and Altman considers whether in two years, we’ll be in an economic recession or recovery. A text thread between Elon Musk and Jack Dorsey has revealed the friendships and strains behind the scenes of Musk-Twitter Soap Opera. Plus, Andrew’s won an Emmy! In this episode:Becky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew 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.

Legendary investor Stanley Druckenmiller warned Wall Street of a gloomy market future at CNBC’s Delivering Alpha Investors Summit. Joe breaks down his Druckenmiller interview with Becky, and they weigh the pros and cons of Federal Reserve policy. Despite a gloomy start, the rest of this episode is uplifting, literally. AOL founder Steve Case discusses his new book, “The Rise of the Rest,” and how supporting entrepreneurs in unexpected places could push America’s innovation forward. The pandemic has forced a reevaluation of city life, commutes, and wealth disparity; Case says that one key to unity and to a bright business future is backing startups between the major hubs that already exist. Plus, September is brain aneurysm awareness month. CNBC’s Sharon Epperson reports on a personal and personal finance story; how the 1 in 4 American adults living with disabilities plan for their financial futures, and the vibrant community that supports them along the way. She highlights Daniel Trush, who founded Daniel’s Music Foundation after surviving a brain aneurysm rupture. The group builds on music therapy, bringing light to a community of New York area adults living with disabilities. For more information about Daniel’s Music Foundation, visit danielsmusic.org and to find resources for survivors of brain aneurysms, go to bafound.org. In this episode:Daniel Trush, @DanielsMusicFdnSteve Case, @SteveCaseBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkSharon Epperson, @Sharon_EppersonKatie 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.

Joe Kernen and Becky Quick are on site at CNBC’s 2022 Delivering Alpha Investors Summit, where they interview Muddy Waters CIO Carson Block about his firm’s short-selling thesis, his mission to call out fraudulent businesses, and the difference between “fake” and “real” ESG companies. CNBC’s Jim Cramer and David Faber join to discuss the Fed’s fight against inflation, and global threats to the markets–including Russia’s offensive in Ukraine and the Bank of England’s big bond buy. Plus, protests, internet blackouts, and violence rock Iran as citizens challenge the country’s morality police. Senior Fellow at the Carnegie Endowment for International Peace Middle East Program Karim Sadjadpour discusses internet access and Elon Musk’s Starlink activation in Iran amid the unrest. In this episode:Karim Sadjadpour, @ksadjadpourBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkJim Cramer, @jimcramerDavid Faber, @davidfaberCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Ark Invest CEO and Chief Investment Officer Cathie Wood discusses her newest launch: a venture firm for private investments, open to non-accredited investors. As international currencies like the British pound, South Korean won, Japanese yen, and euro all fall weaker against the dollar, Wood shares her firm’s perspective on recession and inflation. A famed tech investor, Wood explains her bullish five-year thesis on Tesla. Plus, mortgage rates keep going up, and three men are answering for a $100 million deli scheme in New Jersey. In this episode:Cathie Wood, @CathieDWoodJoe Kernen, @JoeSquawkAndrew 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.

Are we on the wrong path in the fight against inflation? Wharton Business School professor Jeremy Siegel criticizes the Federal Reserve and its chairman, Jerome Powell, saying the U.S. central bank is moving too aggressively to fight inflation and will hurt American workers in the process. The British pound falls to historic lows against the U.S. dollar, sparking currency concerns around the globe. Plus, the new fee that car dealerships are trying out on auto lease consumers. In this episode:Phil Lebeau, @LebeaucarnewsMelissa Lee, @MelissaLeeCNBCJoe Kernen, @JoeSquawkKatie 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 rough week ends on Wall Street as markets take a dive and bond years are surging. Why? Becky Quick and Melissa Lee take a closer look at the investor worries and the wonky numbers driving the market downturn. This comes after the Federal Reserve announced it will be raising interest rates 75 basis points. CNBC’s Steve Liesman explores the market reaction to the Fed’s decision and its global impact. Plus, Boeing has agreed to pay $200 million to settle charges over the two deadly crashes from its 737 Max jetliners. CNBC’s Phil Lebeau breaks down what this means for the plane manufacturer. And Ellevest CEO Sallie Krawcheck shares data from the Women’s Financial Health Index and sheds more light on how women invest and what they’re worried about. Steve Liesman, @SteveLiesmanSallie Krawcheck, @SallieKrawcheckPhil Lebeau, @LebeaucarnewsBecky Quick, @BeckyQuickMelissa 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.

“Software plus heroism can really slay the giant,” Palantir CEO Alex Karp tells Andrew Ross Sorkin and Becky Quick in his analysis of how big data and technology have changed modern warfare. Karp is carefully watching Russia’s first military mobilization since World War II and the ongoing crisis in Ukraine; he thinks that countries around the world are taking notice of the new global order. The Federal Reserve has raised its benchmark interest rate 75 basis points and the world’s central banks are moving similarly, working aggressively to combat inflation. Former Federal Reserve Vice Chair Roger Ferguson discusses the road ahead for Fed Chair Jay Powell and offers perspective on the market reaction. The CEOs of the nation’s largest consumer banks faced Congressional questioning this week; some financial leaders say they don’t plan to use the new merchant code classification for firearms purchases. And Disney heiress Abigail Disney is taking on inequality inside the company her grandfather founded – she discusses how her viral comments on Squawk Box led to her advocacy. In this episode: Alex Karp @PalantirTechAbigail Disney @abigaildisneyBecky 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.

Patagonia’s founding family is redirecting their billions to fight climate change and preserve our Earth; the move has sparked conversation about ‘woke capitalism’ and a company’s impact on the world, versus its return to shareholders. Patagonia CEO Ryan Gellert discusses his predecessor’s choice to “make Earth its only shareholder,” and whether the drastic move will really make a difference. Axios co-founder Mike Allen discusses former President Trump’s strategy for announcing another run for office, President Biden taking a hard line against Russia, and his new book on succinct journalism, ‘Smart Brevity.’ Plus, Europe’s energy crisis is threatening small businesses, and a new study shows, anxiety strikes all ages. In this episode:Ryan Gellert, @PatagoniaMike Allen, @mikeallenBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew 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.