
Squawk Pod
2,068 episodes — Page 25 of 42
Meta’s Mega Loss, & Credit Suisse’s Major Overhaul 10/27/22
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.
Tech Traffic, Burrito Budgets, & Rep. Ro Khanna 10/26/22
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.
Hasan Minhaj: Are We Getting the Diamond Back?! 10/25/22
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.
Polls, Prices, & Preserving Democracy 10/24/22
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.
Big Apple News, Snap’s and Elon’s, Too 10/21/22
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.
The Big Dills: Pickleball Teams, UK Changes, & Elon Musk’s Plans 10/20/22
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.
Lessons from ‘87: Bulls, Bears, & Crash-Tested Strategies 10/19/22
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.
Goldman Sachs CEO: A Good Chance of a Recession 10/18/22
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.
A Balance of Power: The CCP, Fox Corp, & “Woke” Executives 10/17/22
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.
‘Wall Street Warrior’ John Mack: “I F***ing Killed It.” 10/14/22
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.
Pop, Goes Inflation 10/13/22
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 Musk of Musk, & ‘Prime’ for Holiday Shopping 10/12/22
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.
Unpacking Central Bank ‘Gilt’ & Lessons from “When Women Lead” 10/11/22
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.
Frog in a Fire, Toothpaste out of the Tube: Paul Tudor Jones on Recession & Inflation 10/10/22
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 Market, & The Venezuela Factor 10/7/22
EThe 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.
A Message from OPEC+ 10/6/22
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.
The Twitter, Musk Affair: On Again, Off Again, On Again 10/5/22
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.
CEO Confidence, The Rally’s Longevity, & Elon Musk’s Hot (and Unpopular) Take 10/4/22
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 K’s Crypto Ad with SEC Chair Gensler; Credit Suisse Concerns 10/3/22
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.
Goodbye, Q3! A New Episode of the Musk-Twitter Soap 9/30
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.
Music Therapy, Smile Meters, & Backing Innovation in Unexpected Places 9/29/22
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.
Delivering Alpha: Carson Block & Activist Short-Selling 9/28/22
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.
Cathie Wood’s Bets: Recession, Deflation, & Tesla 9/27/22
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.
Jeremy Siegel is Fired up 9/26/22
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.
Markets Tumble, Fearing the Fed and Women and Money 9/23/22
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.
Palantir’s Alex Karp and a Disney Princess Takes Aim at the Castle 9/22/22
“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.
Earth the Shareholder, with Patagonia’s CEO 9/21/22
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.
Layoff Season, A Bonus Squeeze, & The Beyond Meat Bite 9/20/22
Investors are bracing for the Federal Reserve Open Market Committee meeting this week, ready for another policy announcement to curb inflation. Workers are returning to the office, but surveys show that in-person attendance is down, compared to pre-pandemic levels. New Jersey Governor Phil Murphy discusses the impact of New York’s return-to-office push on the Garden State commuters and taxpayers. New York Times reporter Kate Kelly details the in-person trends on Wall Street, the waves of layoffs still to come, and what’s likely to be a meager bonus season. Plus, Beyond Meat’s COO has been arrested for allegedly biting a fellow sports fan’s nose, and Amazon has scored an NFL touchdown–virtually. In this episode:Kate Kelly @katekellyGovernor Phil Murphy, @GovMurphyBecky 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.
Balancing Powers: China, Russia, & the West 9/19/22
In an interview over the weekend, President Biden discussed his plans for battling inflation and the American strategic response to Chinese aggression in Taiwan. Today, former SEC chair Jay Clayton responds to the President’s comments on the economy; instead of talking about rates of inflation and statistics, Clayton urges economists and lawmakers to start speaking in terms of the prices that Americans are paying for basic needs. Abroad, Presidents Putin and Xi are testing the strategic partnership between Russia and China. Former CNBC anchor and current member of the Council on Foreign Relations Michelle Caruso-Cabrera discusses the meeting between both leaders in Uzbekistan and the role both countries play in the global balance of power. In this episode:Becky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinMichelle Caruso-Cabrera @MCaruso_CabreraKatie 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.
Precarious Positions; Pete Buttigieg on Inflation and Avoiding a Rail Strike 9/16/22
The Biden Administration, railroad companies and labor unions are sharing credit for averting a potentially expensive strike. Transportation Secretary Pete Buttigieg discusses the close call, as well as the shadow persistent inflation cast on the negotiations and on the White House’s efforts to celebrate recent legislative wins. The stock markets were headed toward another down week as corporate leaders sound alarm bells for a potential recession. FedEx CEO Raj Subramaniam told CNBC the company is aggressively cutting costs following weaker global shipping volumes and that economic conditions are so weak we could be headed right into a global recession. That follows the conversation Joe Kernen, Becky Quick and Andrew Ross Sorkin had yesterday with investor Barry Sternlicht, who also had a grim warning. Plus, Patagonia’s founder says goodbye to the billionaire’s list, Amazon kicks off its NFL coverage and a record set for a jersey Michael Jordan wore to his “Last Dance.” In this episode: Pete Buttigieg: @SecretaryPeteBecky 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.
Barry Sternlicht: “The economy is braking hard” 9/15/22
In an extended interview, Starwood Capital Chairman and CEO Barry Sternlicht warns that the economy is slowing, and considers what August’s hot inflation data could mean for the Federal Reserve’s next rate hike decision. The real estate mogul and investor discusses the current labor market, including wage pressures on the economy and the corporate push to return to in-person offices. Plus, in an eleventh hour deal, the Biden administration negotiated a stop to the planned railroad strike. In this episode:Becky Quick @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.
Congressional Stock Trades and the Inflation Equation 9/14/22
Markets have their worst day since June 2020 following worse than expected inflation data. Squawk Box anchors Joe Kernen, Becky Quick and Andrew Ross Sorkin hit the impact of inflation on investors, the housing market, and the outlook for the Fed’s next interest rate decision. Members of Congress can buy and sell stocks with few restrictions, The New York Times’ Kate Kelly reports on the paper’s exhaustive analysis of lawmakers and their family members’ trades.Plus, Twitter’s whistleblower Peiter Zatko tells the Senate Judiciary Committee about security flaws he saw at the social media company and Softbank is considering raising a third “Vision Fund” Kate Kelly @katekellyEamon Javers @EamonJaversDiana Olick @DianaOlickBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinZach Vallese, @ZachVallese Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Hot Data, Musk’s Endgame, & A Commuter Comeback: “It’s good for society” 9/13/22
Inflation in August rose more than economists were expecting, and the markets are reacting poorly. CNBC’s Steve Liesman, former Acting CEA Chair Tyler Goodspeed, and JPMorgan’s Meera Pandit discuss the repercussions of this data for the Fed’s next rate hikes and the labor market, in September and beyond. Millions of Americans are headed back to in-office work this week, and Walter Isaacson says, it’s about time. The Tulane professor discusses the shift in employer-employee negotiations. Isaacson is also in the middle of writing an Elon Musk biography; he compares this brilliant mind with other brilliant minds, contemporary and historical. He, Joe Kernen, Becky Quick, and Andrew Ross Sorkin consider how the Twitter whistleblower’s testimony will affect Elon Musk’s deal to buy the platform–or rather, his effort to get out of it. Plus, negotiators are trying to avoid a railroad strike. In this episode:Walter Isaacson, @WalterIsaacsonBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinSteve Liesman, @SteveLiesmanZach Vallese, @ZachVallese Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
A New Code for Gun Sales 9/12/22
77% mass shootings in America were committed with guns bought legally, the majority with credit cards. Four years ago in columns for The New York Times, Andrew Ross Sorkin suggested that credit card companies have the power to help spot dangerous patterns in U.S. firearms sales by categorizing gun purchases the same way retailers categorize transactions at hair salons, and movie theaters. Earlier this year Amalgamated Bank, a union-owned U.S. bank driven by social responsibility, proposed that financial institutions use a new merchant code specifically for guns; now, CEO Priscilla Sims Brown discusses the proposal’s success and the decision from Mastercard and Visa to implement that code. Plus, President Biden is looking to curb U.S. chip shipments to China even further, and billionaire activist investor Dan Loeb has changed his mind about Disney–ESPN should stay. In this episode: Priscilla Sims Brown, @AmalgamatedBankBecky 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.
US Chips Break New Ground, & Remembering Queen Elizabeth II 9/9/22
In Ohio, Intel is breaking ground at the sites of its two new semiconductor factories, marking a major shift in American manufacturing. Intel CEO Pat Gelsinger discusses the pivotal moment for the US chip industry, and why the factories in America’s heartland will boost national security. As the markets await Fed Chair Jay Powell’s next announcement later this month, Becky Quick, Joe Kernen, Andrew Ross Sorkin, and Steve Liesman break down the Fed’s aggressive policies to combat inflation, under Powell and his predecessors. In an extended interview, former Vice Chair of the Federal Reserve Richard Clarida discusses his own role in the Fed’s legacy, the likelihood of imminent recession, and whether the markets should believe in the Fed. Plus, Britain’s longest-serving monarch has died at age 96. We remember the historic reign of Queen Elizabeth II and her seven decades of leadership with former Hearst executive Joanna Coles. In this episode: Joanna Coles , @JoannaColesPat Gelsinger, @PGelsingerBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinSteve Liesman, @SteveLiesmanKristina Partsinevelos, @KristinaPartsKatie 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 Cubicle Revival & The Newest Apple Treats 9/8/22
Apple has announced its new suite of products, from earbuds to phones and watches. It may look like the company hasn’t hiked prices in the US, but CNBC’s Jon Fortt explains, it’s all in the marketing. As employees across the country head back to the office, former SEC Chair Jay Clayton and investor and entrepreneur Kevin O’Leary discuss the WFH options now expected from existing talent and new workers. CNBC’s Steve Liesman crunches the numbers on long Covid’s long impact on our economy and workplace productivity. Plus, Bob Iger almost bought Twitter for Disney, and China is extending its Chengdu lockdown. In this episode: Kevin O’Leary, @kevinolearytvBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinJon Fortt, @jonforttKatie 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.
Starbucks CEOs, Seasoned & New: Howard Schultz & Laxman Narasimhan in Seattle 9/7/22
Starbucks founder and longtime on-and-off CEO Howard Schultz is finally, officially, handing over the chain’s reins to a new CEO: Laxman Narasimhan. Andrew Ross Sorkin sits down with both in Seattle and discusses Starbucks leadership and culture, inflation, China, and labor unions over a “not cheap” cup of coffee. Plus, Meta is gearing up to release some next gen technology, Russia is tightening its literal power grip, and the markets are hitting all kinds of highs–and lows. In this episode: Howard Schultz, @HowardSchultzBecky 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.
Oil Flows & TikTok’s Millions: Dancing, Branding, & Going Viral with D’Amelio Dad 9/6/22
OPEC+ has announced a cut to production, surprising an already shocked global energy system. Russia has shut down oil flows to Europe through Nord Stream Pipeline 1, indefinitely. State Department official, Special Presidential Coordinator for International Energy Affairs Amos Hochstein, discusses energy geopolitics amid Europe’s deepening crisis. The United Kingdom has a new Prime Minister in Liz Truss, and CVS is buying home health giant Signify. Plus, the two highest-paid influencers on TikTok are Gen Z sisters; the dad and manager of Charli and Dixie D’Amelio, Marc D’Amelio, discusses the six-figure payouts per social media posts, his family’s new business venture, and leveraging TikTok’s algorithm for income. In this episode:Marc D’Amelio, @marcdamelioAmos Hochstein, @amoshochsteinBecky 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.
Retail Investors Beware: Not-So-Free Trading 9/2/22
The Labor Department released the number of American jobs added in August: 315,000. Only slightly below expectations, CNBC’s Steve Liesman and former CEA member Tyler Goodspeed consider what the report means for the Federal Reserve’s next rate hike. According to a new study by a group of professors, commission-free trades might not be free. UCLA Irvine Professor Christopher Schwartz explains the study, the fee and payout discrepancies between brokerages, and shares the best and the worst firms for retail trader pockets. As offices across the U.S. gear up for a reunion, China is locking down over 21 million people because of 700 covid cases. Former FDA Commissioner Dr. Scott Gottlieb discusses the difference between our approaches to public health, and shares which vaccines we should be getting–and when we should get them. Plus, Starbucks has named Howard Schultz’s successor, and Lululemon delivered a strong quarterly performance. In this episode:Dr. Scott Gottlieb, @ScottGottliebMDBecky Quick @BeckyQuickMike Santoli @michaelsantoliSteve 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.
The Carlyle Group Co-Founder: David Rubenstein 9/1/22
In an extended interview, Carlyle Group co-founder David Rubenstein discusses his new book, "How to Invest: Masters on the Craft,” featuring his own interviews with the world’s best investors, including Larry Fink, Ron Baron, Sam Zell, Mary Callahan Erdoes, Ray Dalio, Stan Drunkenmiller, and John Rogers. As markets digest rate hikes from the U.S. Federal Reserve, a new lockdown in China, and Europe’s ongoing energy crisis, Rubenstein offers his best bets at this point in the cycle: health care, fintech, and blockchain. Plus, CNBC’s Eunice Yoon reports on the Chengdu lockdown from Beijing, and Microstrategy Chair Michael Saylor is facing tax evasion allegations. In this episode:David Rubenstein, @DM_RubensteinEunice Yoon, @onlyyoontvBecky Quick @BeckyQuickMelissa 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.
An Energy Episode: Hydrogen, Crisis, & Fueling Change 8/31/22
Majority state-owned Russian Gazprom has shut down gas flows through Nord Stream 1 pipeline, an energy lifeline for much of Europe. CNBC’s Joumanna Bercetche reports on the evolving crisis abroad. Stateside, Vivek Ramaswamy, founder of Strive Asset Management, and Christy Goldfuss, a former Obama energy official now at the Center for American Progress discuss energy politics and ESG investments at home and in Europe. CNBC’s Phil LeBeau reports on another energy story here at home: hydrogen fuel cells and the future of transportation. Plus, Snap and Bed Bath & Beyond are leaning on layoffs and business trims to stay afloat. In this episode:Vivek Ramaswamy, @VivekGRamaswamyChristy Goldfuss, @christygoldfussJoumanna Bercetche, @CNBCJouPhil LeBeau, @LebeaucarnewsMelissa 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.
Power & Politics: China, Europe, & the American Office 8/30/22
Kyle Bass, founder and CIO of the global events-focused hedge fund Hayman Capital Management, discusses Europe’s energy crisis, China’s tenuous path forward, and how both are affecting his portfolio strategy. As employees gear up for a employer-mandated return to the office, Korn Ferry’s Alan Guarino and journalist and Yale lecturer Joanne Lipman discuss politics, power, and pressures of a 2022 workplace. Plus, Tesla is in the crosshairs of a labor debate, Peloton’s lost its trading momentum, and California’s trying to change the game for fast food. In this episode:Kyle Bass, @JkylebassJoanne Lipman, @joannelipmanMelissa 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.
Markets Brace for More Bumps, & To the Moon! Almost. 8/29/22
After Fed Chair Jay Powell spooked the markets with his comments in Jackson Hole, Joe Kernen, Mike Santoli, and Hightower’s Stephanie Link consider the next moves for the markets as the central bank fights inflation. Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, Cambridge, shares his perspective on Powell’s aggressive policies to curb inflation. Plus, NASA’s Artemis I is eyeing the moon! The launch–when/if it happens–will be a crucial step in humankind’s first return to the moon in over 50 years. Chief astronomer at the Franklin Institute Derrick Pitts explains what scrubbed the Artemis I launch, as well as the likelihood of extraterrestrial life and humans on Mars. In this episode:Mohamed El-Erian @elerianmStephanie Link, @Stephanie_LinkDerrick Pitts, @CoolAstronomerMike Santoli @michaelsantoliJoe 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.
Lipstick, Loans, & Jay Powell: More Pain Ahead 8/26/22
At this year’s Jackson Hole meeting Federal Reserve Chair Jay Powell has assured the U.S. that the central bank will continue hiking interest rates to ease inflation, even if it prompts an economic slowdown. Jason Furman, former chair of President Obama’s Council of Economic Advisors and a speaker at that same Jackson Hole meeting, discusses the various players working to lower inflation: the Fed, the Biden Administration, and Congress. Furman and Steve Liesman consider the labor market and the student loan forgiveness plan that’s concerned many investors. Next week kicks off one of New York’s biggest sporting events, the US Open. USTA CEO Lew Sherr discusses the players hitting the tennis court and the ones sitting out. Plus, CNBC’s Courtney Reagan reports on the “lipstick indicator,” the metaverse is getting a few updates from Williams Sonoma and from Mark Zuckerberg. In this episode: Jason Furman, @jasonfurmanLew Sherr, @ustaCourtney Reagan, @CourtReaganSteve Liesman, @SteveLiesmanBecky Quick @BeckyQuickJoe 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.
SPECIAL: Ron Baron: A ‘Once in a Generation’ Buying Opportunity 8/25/22
The legendary buy-and-hold investor says there has never been a better time to buy stocks and invest in the U.S. markets. In an extended interview, the Baron Capital Chairman and CEO said he’s been picking up bargains since the market rebounded from a June low point. Baron correctly called the comeback in stocks and now he is sharing what he’s been buying: growth companies that hedge against inflation. Plus, the Biden administration’s plan for student loan forgiveness brings back discussions of moral hazard that Joe Kernen, Becky Quick and Andrew Ross Sorkin have been having since the Great Financial Crisis. And, delays at the multiplex - Warner Bros reshuffles movie release dates Joe’s assigned reading to listeners: Nobody Knows How Interest Rates Affect InflationStudent Loan Forgiveness: Check if you Qualify 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.
So Long to (Some) Loans, & WOOF: Pet Pricing Power 8/24/22
President Biden’s student loan forgiveness plan has alarmed investors who worry that the policy will be inflationary for our economy. Senator Patrick Leahy (D-VT), the Senate’s longest-serving lawmaker and the body’s president pro tempore, explains how the forgiveness will work, and what the limitations will be. As he reflects on his retirement and on the future of the United States, airing his concerns about our trajectory as a nation. As markets continue their volatile summer, Joe, Becky, and Andrew are reunited to break down the latest moves and market jitters ahead of this week’s Fed meeting. Twitter has a leak, and the whistleblower’s allegations might just help Elon Musk. Plus, Becky and Joe share their family pet affections with Petco CEO Ron Coughlin, who insists, despite the “WOOF” stock ticker, his team doesn’t play favorites. In this episode:Ron Coughlin, @RCoughlinPetcoBecky 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.
Jackson Hole Scaries & the CCP’s Covid Price 8/23/22
Markets suffered the worst day since June as investor confidence wavers ahead of the Federal Reserve’s annual meeting in Jackson Hole. Joe Kernen and Andrew Ross Sorkin break down the rough trading day and Wall Street’s expectations for the rest of this week; Morgan Stanley’s Chief Investment Officer Mike Wilson offers some perspective on the likelihood of a full-blown recession, as well as earnings reports for the rest of 2022. In China, the central bank has cut rates again as the country’s persistent Covid lockdowns take a toll on its economy. International policy analyst Dewardric McNeal discusses the balance between public health and economic growth. Also in China, the CCP is facing a political reshuffle as its 20th national congress approaches; CNBC’s Eunice Yoon offers some insight on how domestic politics are affecting international influences–like ‘Minions’--in China. Plus, Elon Musk is asking former Twitter CEO Jack Dorsey for help in getting out of buying the platform, and “House of the Dragon” has given HBO its biggest premiere ever. In this episode:Eunice Yoon, @onlyyoontvJoe 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.
Dragon Fodder and Going “APE” 8/22/22
In the latest chapter of meme stock mania, AMC’s shares are tanking, and the company is getting creative to raise capital. As Americans await a potential decision on the Biden administration’s student loan forgiveness, CNBC’s Sharon Epperson reports that many fear the policy could worsen inflation. Cryptocurrencies may be as volatile as ever, but investor and bull Anthony Scaramucci considers Larry Fink’s and BlackRock’s change of heart on the asset to be a good sign for the entire industry. Plus, HBO has a lot riding on its new series, “House of the Dragon,” Julia Boorstin reports. In this episode:Anthony Scaramucci, @ScaramucciSharon Epperson, @Sharon_EppersonJoe 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.
NYC’s Tickets to Ride with MTA CEO; Big Ten’s Big Deal with George Pyne 8/19/22
The NYC MTA is low on ridership and on revenue, but Chair and CEO Janno Lieber says he has a plan to boost both and restore trust in the safety of public transit. The Big Ten has sealed its 7 year, $7 billion TV deal, marking the biggest annual deal for any college sports league. Sports business executive George Pyne unpacks the giant payout and what it means for the league’s student players. Plus, the Bed Bath & Beyond carnage keeps coming for the company and its traders, and Starbucks has begun its restructuring. In this episode:Janno Lieber, @MTAGeorge Pyne, @GFPyneMelissa Lee: @MelissaLeeCNBCAndrew 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.
Dr. Scott Gottlieb & the CDC Reorg; Walter Isaacson & the Other Side of Elon Musk 8/18/22
After internally reviewing its own response to the covid-19 pandemic, the CDC has concluded, there’s room for the agency to improve. Director Rochelle Walensky has announced her plan to restructure the CDC, and in so doing to improve future responses and to rebuild public trust in the organization. Dr. Scott Gottlieb examines the road ahead for the CDC and Washington’s role in improving it. While Wall Street and Twitter still reel from the latest Elon Musk antics, biographer and Tulane professor Walter Isaacson details the little-seen side of the quirky billionaire; as he writes Musk’s biography, Isaacson reveals that there’s much more to Tesla’s CEO than his tweets. Plus, we’re decrypting the Federal Reserve’s July minutes and unpacking the roller coaster trades for Bed Bath & Beyond and other meme stocks this week. In this episode:Walter Isaacson, @WalterIsaacsonDr. Scott Gottlieb, @ScottGottliebMDBecky 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.