
Squawk Pod
1,991 episodes — Page 31 of 40
Travel Tips & Trends in a Post-Covid U.S.
Booking Holdings CEO Glenn Fogel discusses the travel trends for Americans as vaccinations ramp up across the country. Airports are close to being busier than they’ve been in over a year, and Fogel says the communities with the best vaccination rollouts are the ones who stand to benefit the most from travelers. The Biden administration is attempting to mitigate global vaccination inequality by supporting waiving intellectual property rights for Covid vaccines. Plus, dogecoin’s ascent has Wall Street fascinated, and Broadway is making its way back for the masses. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Jessica Alba & The Honest Company; Gary Vee & His NFT “VeeFriends”
Serial entrepreneur Gary Vaynerchuk has launched a collection of non-fungible tokens in the hopes of building a community around NFTs and integrating that technology with smart contracts. With his VeeFriends project, he’s attaching “utility” to non-fungible tokens, and he’s betting big on the metaverse and the crypto ecosystem. Jessica Alba, founder of lifestyle brand The Honest Company, joins her CEO Nick Vlahos in a conversation about the company’s debut on the Nasdaq. Her team is betting on a sustained interest in sustainability and the health-conscious economy. Plus, Treasury Secretary Janet Yellen is tempering her comments on a potentially “overheating” economy, and Krispy Kreme is serving up an IPO. Happy Cinco de Mayo! May your celebrations last until the Berkshire Hathaway stock splits. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Dogecoin’s Epic Rise; The Gates Foundation Fortunes; Reopening New York
Union Square Hospitality Group and Shake Shack founder Danny Meyer discusses the restaurant industry’s biggest challenges in getting back to normal as New Yorkers gear up for a summer reopening. Dogecoin’s market cap continues to grow, despite its “funny” origins, and the philanthropic community wonders what’s next for the Bill and Melinda Gates Foundation. CNBC’s Robert Frank considers the couple’s divorce and its repercussions for charitable giving. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Berkshire Hathaway’s Annual Meeting: Warren Buffett & Charlie Munger
At the Berkshire Hathaway Annual Shareholders Meeting, investing legends Warren Buffett and Charlie Munger reveal their successors and discuss--and defend--their investment decisions. In the first public conversations they’ve had in a year, Buffett and Munger answer questions from Becky Quick and their shareholders about Apple, airlines, climate change, inflation, Robinhood, SPACs, and their own, decades-long friendship. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Warren’s War on Wealth: Leon Cooperman Responds; Twitter & Amazon Earnings
Twitter CFO Ned Segal discusses Twitter’s growth strategy in a post-pandemic age of social media. Senator Elizabeth Warren’s (D-MA) efforts to get America’s wealthy to “pay their fair share” have consistently centered billionaire investor Leon Cooperman, a vocal critic of her proposed “wealth tax.” In an extended interview, Cooperman, Omega Family Office Chairman & CEO, defends his position on taxes, philanthropy, and Senator Warren herself. Insider, Inc. CEO Henry Blodget unpacks Amazon’s blowout financial performance in the first quarter of 2021, and speculates on what’s next for the behemoth of Bezos. Plus, Apple is under scrutiny in the EU, and the Squawk Box anchors are taking their vitamins. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ready to Reopen; Biden’s First Speech to Congress
In President Biden’s first speech to Congress, he emphasized jobs, support for the middle class, and all Americans “paying their fair share.” Pollster and strategist Frank Luntz breaks down what the President’s priorities mean for Wall Street and for the working class. Plus, get ready to reopen; Joe, Becky, and Andrew discuss New York City’s bright future and the return of the cruise. Squawk Pod is a Webby Nominee! Cast your vote by May 6th for a People’s Voice Award here: https://bit.ly/2QZKzfp Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Sen. Elizabeth Warren: Defining a “Fairer” Tax System
Senator Elizabeth Warren (D-MA) held the first hearing of her newly formed Senate Finance Subcommittee on Fiscal Responsibility and Economic Growth. She discussed her vision for a fair tax system and the need to raise taxes on corporations and the wealthiest Americans. President Joe Biden will address Congress tonight to pitch his new proposal of $1.8 trillion in investments and tax credits aimed toward children and families. CNBC’s Ylan Mui breaks down what’s in the bill. Microsoft and Google’s parent company Alphabet reported earnings Tuesday after the bell. Alphabet’s big beat came amid a rise in online ad sales and Microsoft saw its biggest revenue growth since 2018. Stephanie Link, chief investment strategist and portfolio manager at Hightower, discussed how investors should approach these results. Plus, where's the beef? And Squawk Pod is a Webby Nominee! Cast your vote by May 6th for a People’s Voice Award here: https://bit.ly/2QZKzfp Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Pfizer CEO & Combating Global Infection; Transportation Secretary Pete Buttigieg; Fighting Inflation Fears
Leaders in Washington continue their debate of “infrastructure” as some lawmakers begin crafting counters to President Biden’s $2T plan. Transportation Secretary Pete Buttigieg discusses the bipartisan effort to invest in America’s infrastructure--and to define what the word should encompass. Pfizer CEO Albert Bourla discusses the Covid-19 crisis in India and addresses the global impact of vaccine hesitancy, at home and abroad. New Bank of America research reveals that amid a busy earnings week, many CEOs are signaling inflation concerns to their investors. Plus, GameStop is in the market for a new leader, and CNBC’s Eamon Javers reports that Washington is budgeting out the minimum wage. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
The “Everything Rally”; Vaxxed, Masked, & Ready for Summer
As vaccinations in the U.S. continue, health officials may consider relaxing some guidelines for wearing masks outdoors. Former FDA Commissioner Dr. Scott Gottlieb considers spring and summer Covid safety and suggests that the low infection rates across the country may finally be here to stay. In the wake of a volatile week in crypto, Coinshares’ Chief Strategy Officer Meltem Demirors explains the rise of Dogecoin, the fall of Bitcoin, and this pivotal moment in the crypto-finance ecosystem. Plus, the U.S. could be bracing for a rally in everything, from social lives to economics, and Elon Musk will be live, from New York! Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Capital Gains Pains & Hollywood Oscars Economics
President Joe Biden is expected to propose doubling the tax rate wealthy Americans pay on investment returns when they sell stocks and other assets. CNBC’s Ylan Mui reports on the possible hike in capital gains taxes that sent a shockwave through Wall Street. Rep. Josh Gottheimer (D-NJ) and Rep. Nicole Malliotakis (R-NY) also discuss Biden’s new proposal as well as the lawmakers’ recently formed bipartisan SALT caucus. The Oscars will air on Sunday and many are anticipating a lower interest in the award show this year. Despite that, advertising costs have continued to rise; Ed Lee, corporate media reporter for The New York Times, and Sara Fischer, Axios media reporter, discuss the Hollywood economics behind award season. Plus, get your questions ready, it’s time to #AskWarren! Ahead of the Berkshire Hathaway Annual Shareholders Meeting, CNBC is collecting your questions for Warren Buffett, the Oracle of Omaha, at [email protected]. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
HBO Glory Days with AT&T CEO; Pet Parenting with Petco CEO; Earth Day Commitments
AT&T CEO John Stankey says “the glory days are still in front of us” when it comes to the future of HBO. He discusses the company’s first quarter results, prioritizing dividends for shareholders, and voting rights across America. CNBC’s Diana Olick reports President Joe Biden’s aggressive new sustainability goals, targeting a 50-52% reduction from 2005 levels of greenhouse gas pollution by 2030. Pets became an even bigger part of our lives throughout the pandemic and stay-at-home mandates. Ron Coughlin, CEO of Petco, discusses the surge in pet adoptions, and the push for pet-friendly workplaces. Plus, crypto madness and (maybe) understanding Dogecoin. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
The Costs of Free College; Covid-19 Hate Crimes Act; Apple’s New Tech Treats
Sen. Bernie Sanders (I-Vt.) and Rep. Pramila Jayapal (D-WA) have introduced their College for All Plan, legislation that would make college education free; CNBC’s Ylan Mui reports concerns that the costs of free education may hit some folks on Wall Street harder than intended. In the wake of rising hate crimes against Asian Americans across the country, Senator Mazie Hirono (D-HI) details the COVID-19 Hate Crimes Act, which pushes Congress to combat racially motivated harassment and violence. Senator Hirono discusses President Biden’s infrastructure plan and bipartisanship on the Hill. Apple’s Tim Cook has whipped up a new batch of tech treats for worldwide consumers, including a springy new iPhone color and a tracking device for all your other devices. Plus, a new study finds that sleep deprivation could increase risk of dementia; Joe, Becky, and Andrew swap secrets for sound sleep, even with a 4AM wake-up call. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Sen. Rob Portman on Biden's Infrastructure Proposal, Tesla Crash Investigation & Cannabis Crypto
GOP lawmakers are pushing to shrink President Biden’s more than $2 trillion infrastructure plan. Sen. Rob Portman (R-OH) discusses his pitch to pay infrastructure reforms, potential bipartisan support on gun control, and keeping the crypto community out of the legal shadows. In the wake of a fatal Model S crash outside of Houston, Tesla CEO Elon Musk has denied that “autopilot” features were responsible. CNBC’s Phil LeBeau discusses the two federal probes investigating Musk’s claims. PayPal’s Venmo will now let users buy, hold, and sell bitcoin and other digital tokens, a potentially significant step toward moving cryptocurrencies into the mainstream. Homeowners in the United States likely saw their property taxes jump. CNBC’s Robert Frank reports how much more Americans are paying and who’s feeling the most pain. Plus, CNBC’s Frank Holland shares the green behind the green: a look at the marijuana marketplace on the famed 4/20. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Vaccine Milestones & the $2 Trillion Definition Debate with Arthur Brooks
Half of all U.S. adults have received at least one dose of a Covid vaccine. Former FDA Commissioner Dr. Scott Gottlieb discusses this major milestone and considers hurdles in the next phases of the pandemic. Republicans and Democrats continue to clash over interpretations of “infrastructure” as lawmakers debate President Biden’s $2.25T plan to invest in bridges, roads, water supply, electric vehicles, and family care. Contributing writer for The Atlantic and “The Art of Happiness” host Arthur Brooks unpacks the compromise needed from both sides of the aisle to achieve any kind of progress. CNBC’s Phil LeBeau reports on a Tesla crash in Texas and unpacks the regulatory implications of testing “autopilot” cars and self-driving technology. Plus, Beijing has changed its tune when it comes to cryptocurrency; China now considers bitcoin an “investment alternative.” Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Special Episode: TechCheck – Capping off our Inaugural Week: an Exclusive with Airbnb CEO Brian Chesky, Jason Calacanis Weighs in on the Week in Debuts, The Reopening of Universal Studios Hollywood and so much more.
We’re capping off our inaugural week packed with powerhouse guests and the top stories in tech with an exclusive interview with Airbnb CEO Brian Chesky. He discusses the future of work and his travel expectations post-Covid with our Deirdre Bosa. Plus, big time tech investor Jason Calacanis joins us to weigh in on the week of market debuts, Coinbase’s implications for crypto and Robinhood’s fight in Massachusetts. We’ve also got new product news coming up next week from Apple-we’re digging into customer loyalty to both Apple and Amazon remaining high. And our Julia Boorstin takes us live to Universal Studios Hollywood on re-opening day. CNBC’s Josh Lipton also joins to break down the chip stocks to invest in right now. That and so much more today on the show. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Doge Gets the Last Laugh; John Boehner on Politics & Pot; Recession in the Rearview
Dogecoin, originally a joke cryptocurrency, has risen by 400% in just a week, pushing the meme token to a market value worth tens of billions of dollars. Well over a year into the Covid-19 pandemic, CNBC’s senior economics reporter Steve Liesman says the pandemic may not be over, but the recession probably is. Former Speaker of the House John Boehner considers America’s journey to this political crossroads, and shares why he’s swapped Capitol Hill for the cannabis business. Plus, Pfizer vaccines may come with a third dose and other upkeep. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Cracking Coinbase: CEO Brian Armstrong takes Crypto to the Mainstream
Coinbase, the cryptocurrency exchange, went public in a blockbuster direct listing valued at nearly $100 billion. The first public debut of a major crypto business in the US is a “watershed” moment for the industry and the future of money. Coinbase CEO and co-founder Brian Armstrong joins Andrew Ross Sorkin for an exclusive conversation on the company’s choice to go public through a direct listing, the potential risks of regulation from crypto-skeptics, Bitcoin’s surge to all-time highs and more. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Special Episode: TechCheck – The Coinbase Hangover, Bezos Speaks on the Amazon Union Vote, the AppLovin’ IPO, Where in the World is Jack Ma? And much more.
Lots to cover in tech today. We’ve got a packed show. We hit the biggest news of the day in tech with Kanyi Maqubela of Kindred Ventures. He gives us his take on Bezos’ comments to shareholders on the Alabama union vote defeat and the record-breaking Coinbase market debut yesterday. On the Coinbase front, the OG investor in the crypto platform Garry Tan joins on why he got in early and his initial belief in the company. Plus, we’ve got AppLovin CEO Adam Foroughi ahead of the IPO shaping up to be one of the largest this year. Finally, we’re tracking Jack Ma as he resurfaces for the first time since October with Financial Times reporter Ryan McMorrow. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Special Episode: TechCheck – TechCheck Day 3
We’ve got a new show and we’re in the swing of things. Today on the show, CNBC’s Carl Quintanilla, Jon Fortt and Deirdre Bosa take a deep dive into the long-awaited Coinbase IPO and talk the future of crypto with Coinbase investor Ron Conway. Plus, we’ve got an exclusive interview with Slack CEO Stewart Butterfield, and Julia Boorstin joins to break down a CNBC.com scoop on the recent GOP retreat that brought together major donors and leaders at Trump’s Mar-a-Lago resort. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Defending the Vote; Moderna’s 90%; The Crypto Revolution
Just two weeks after a group of Black business executives co-wrote a letter urging the rest of corporate America to oppose Georgia’s voting legislation, a much larger group has penned a similar statement defending voting rights. Among the signatories: Warren Buffett, Amazon, Google, BlackRock, and hundreds of others. Now in the limelight: members of the business community who chose not to sign. While the CDC and FDA look into concerns about risks potentially associated with the Johnson & Johnson vaccine, Moderna has revealed its Covid vaccine to be over 90% effective, six months after the second dose. Moderna CEO Stephane Bancel shares more of the company’s data, as well as details of the industry’s vaccination safety system. Plus, crypto’s day has come; in a massive and massively anticipated direct listing, Coinbase has debuted on the public markets. Longtime crypto investor and Bitcoin bull Michael Novogratz explains why Coinbase is just the beginning of a revolution. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Special Episode: TechCheck – TechCheck Day 2
TechCheck Day 2! On our second day as a new show, CNBC’s Carl Quintanilla, Jon Fortt and Deirdre Bosa talk to Twitter’s Former CEO Dick Costolo about Grab, SPACs, valuations and how Bitcoin keeps climbing higher. Then, Affirm’s Founder & CEO Max Levchin weighs in on the future of payments and gives us a gutcheck after the company’s IPO earlier this year. We also hit the J&J news of the day and Julia Boorstin talks Facebook’s plan to delve deeper into the dating space. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Halted: Johnson & Johnson & the Vaccination Timeline
After 6 people in nearly 7 million Johnson & Johnson vaccine recipients developed a rare type of blood clot, the FDA and CDC have recommended a pause on administering that vaccine in the United States. CNBC’s Meg Tirrell digests the news and what it means for the rest of the J&J vaccine recipients, and Dr. Kavita Patel, a practicing physician and former health official in President Obama’s administration, considers the pause’s impact on vaccine supply, timeline goals, and vaccine hesitancy among Americans. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Special Episode: Introducing CNBC’s TechCheck podcast
Today, CNBC launched its newest daily podcast, TechCheck. Each day, CNBC’s Jon Fortt, Carl Quintanilla and Deirdre Bosa bring you the boldest ideas and most influential names in the tech industry. This bi-coastal program dives deep into stocks focused on new technologies and trends while highlighting the latest news out of iconic companies, FAANG heavyweights, social media darlings, streaming giants, red-hot disruptors and more. Available to listen daily by 12:30pm ET / 9:30AM PT. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
100 CEOs Off Mute; Navigating Vax-Fraud
Corporate leaders are speaking up about social justice, voter suppression, and the role of the American CEO. Yale School of Management’s Jeffrey Sonnenfeld organized a Zoom call with over 100 prominent CEOs to discuss their collective response to Georgia’s voting law, and calls from the public and from government officials to speak out--or not. Sonnenfeld shares key takeaways from that massive virtual conversation. Former FDA Commissioner Dr. Scott Gottlieb is looking ahead to a world of vaccination validations and variants; he considers the likelihood of fraudulent vaccination cards and how society will navigate restricted access to public health information. Plus, the team breaks down Fed Chair Jay Powell’s “60 Minutes” appearance, a record at the Masters, and a new business idea for EV charging stations. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
“Ripples” in Banking; Marking Up Political & Economic Expectations
CEO of retirement services provider TIAA and former Vice Chair of the Federal Reserve Roger Ferguson shares why corporate America should be speaking out against Georgia’s controversial voting law. He discusses his decision to co-sign the letter penned by Black American executives urging their fellow CEOs to speak up for equality and democracy. Plus, in light of Jamie Dimon’s annual letter, Ferguson considers fintech’s role in the financial ecosystem, and in light of Fed Chair Jerome Powell’s comments on the U.S. economy, Ferguson shares his own optimistic outlook for a global recovery. The rise of crypto has created “ripples” for the rest of the financial sector, especially for trading platform Robinhood, CNBC’s Kate Rooney reports. Joe, Becky, and Andrew digest the Amazon union vote and Procter & Gamble’s advertising strategy. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Big Banks Fending off Fintech; Employers Weighing Vaccine Mandates
Axios business editor Dan Primack and RiverFront Investment Group senior market strategist Rebecca Felton consider Jamie Dimon’s suggestion that big banks like his own JPMorgan ought to look out; fintech is coming for them, and their money. Schools and employers are weighing pros, cons and legal limits to mandated vaccinations and vaccination disclosures. Wharton’s Management Department Chairperson Professor Nancy Rothbard posits that in the workplace, incentives may be a more effective, less alienating strategy than requirements. CNBC’s Jim Cramer, a small business owner himself, is looking--without success--to state and federal guidelines to shape his own vaccine policy for employees. Plus, AstraZeneca’s vaccine has hit yet another troubling snag abroad, and a brand new airline is ready to hit the tarmac as soon as the pandemic subsides. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Jamie Dimon Projects America’s Future; Vaccine Cards & Verifications
In a 66-page-long iteration of his annual shareholder letter, JPMorgan Chase CEO Jamie Dimon shares his expectations for America’s economic future, in both the immediate and long term. He’s bullish on the U.S., but wary of political and social dysfunction across the country. Pollster and political strategist Frank Luntz is urging leaders to choose their words wisely. A new survey reveals that Americans are broadly opposed to carrying a vaccine “passport,” but not a “verification” or “certification.” Rhetoric around vaccinations in this country could, according to Luntz, mean “the difference between life and death.” Amazon CEO Jeff Bezos has spoken out in favor of raising corporate tax rates, although his business won’t be affected by any of President Biden’s proposed changes. Plus, Kim Kardashian has hit billionaire status, turning her high-profile lifestyle into a highly profitable income. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
From Ninety to Zero: Goldman Sachs CEO David Solomon & Robin Hood CEO Wes Moore
NYC-based nonprofit Robin Hood has teamed up with corporate giants like Starbucks, McKinsey, and Goldman Sachs to launch NinetytoZero, an initiative aimed at eliminating the 90% wealth gap between white and Black families in the United States. Robin Hood CEO Wes Moore underlines how corporate decisions to hire and promote Black talent and invest in Black-owned businesses can make a tangible difference in America’s wealth disparity. Goldman Sachs CEO David Solomon discusses his involvement in the initiative, acknowledging the role Wall Street plays in issues across the rest of the country. Solomon addresses junior banker burnout and equity market transparency in his first interview since the “Goldman Sachs 13” controversy and the Archegos Capital billion-dollar fiasco originally made headlines. Plus, Americans are getting back to live sports, and China’s breaking into the crypto economy. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Controversy in Georgia; Staving Off a Fourth Wave
Leaders across corporate America, from Coca-Cola and Delta to the MLB, have spoken out against Georgia’s controversial voting law. Sen. Tom Cotton (R-AR) defends the legislation, and suggests that non-lawmakers should stick to their own businesses. Former FDA Commissioner Dr. Scott Gottlieb discusses the increased rates of vaccinations, cases of Covid-19, and offers the vaccinated population a word of advice: remain careful. Plus, Treasury Secretary Janet Yellen is pushing for a global minimum corporate tax, and GameStop’s saga continues, now with more cash. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Becky & Squawk’s Biggest Teenage Fan
Nick, a 15-year-old CNBC fan, started his Twitter account @Live_News_Nick at the beginning of the pandemic in hopes of kickstarting a reporting career. Becky Quick sits down with Nick--via Zoom--to swap stories about covering financial news and pursuing a career in TV. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Opening Day with Red Sox Chairman; An Infrastructure Plan & “Smart Capitalism” with NYT’s Tom Friedman
President Biden has unveiled his $2 trillion, 15 year infrastructure plan signaling stricter corporate tax policies and a crackdown on offshoring. New York Times columnist Tom Friedman digests the proposal and his hopes for “smart capitalism” in a discussion of his latest column. Tom Werner, Chairman of the Boston Red Sox and of the Fenway Sports Group, discusses the MLB’s Opening Day and Fenway Park’s plans to reopen to fans at a 12 percent capacity. Plus, Pfizer’s Covid vaccine is proving effective and safe as it continues to roll out around the world, and Johnson & Johnson has quarantined some of its own supply. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
“There is no middle ground”: Protecting Voting Rights with Ken Frazier & Ken Chenault
A group of Black business executives are urging the rest of corporate America to oppose legislation aimed at restricting voting access, following a new law in Georgia that critics say disproportionately hurts voters of color. Merck CEO Ken Frazier and former Chairman and CEO of American Express Ken Chenault led a group of executives in publishing an open letter in The New York Times pushing Wall Street to wield its power. Frazier and Chenault discuss the effort to rally opposition to legislation in Georgia and 43 other states, and they discuss corporate America’s role in speaking out against voter suppression. Frazier and Chenault consider vocal opposition in the C-suite an obligation to morality and to democracy, and they underline the significance of this moment in U.S. history. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Beeple’s Mystery NFT Buyer; Documentarian Ken Burns; Bill Hwang’s Bets, Debts, & Dominoes
Mystery art collector MetaKovan spent $69 million on Beeple’s NFT in mid-March. The man behind MetaKovan and NFT collection Metapurse, Vignesh Sundaresan, joins Joe, Andrew, Becky, and CNBC’s Robert Frank to explain his bet on blockchain-based digital art. Wall Street is still unearthing parts of the Archegos Capital forced liquidation fiasco, which prompted stock sell-offs and major losses for big banks. The latest chapter: questions about a charity run by former hedge funder Bill Hwang, the man behind the swaps and leveraged holdings that triggered the drama. Plus, documentary filmmaker Ken Burns is releasing a new series, “Hemingway.” He offers a peek into his newest work and shares his perspective on this particular moment in history, as colored by decades of documenting all things Americana. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Margin Call Shock; Amazon Union Vote; Suez Canal Refloat
Family office Archegos Capital was forced to liquidate tens of billions of dollars in stock holdings, sending U.S. media stocks and Chinese tech stocks into selloff mode, and leaving big financial players on the hook for billions. Archegos founder and former hedge funder Bill Hwang is at the center of the Wall Street whirlwind; Joe, Becky, and Andrew track the series of falling financial dominoes that led to the ViacomCBS, Discovery, Tencent Music, and Baidu losses, from swap strategies and over-leveraged books to block trades at Goldman Sachs and Morgan Stanley. Former Principal Deputy Director of National Intelligence Sue Gordon considers the implications of the liquidation trade for the rest of the global financial system. Amazon workers in Alabama are voting on a union contract, and Insider Inc. CEO Henry Blodget discusses how the results could impact the company and other workers across the country. Plus, the cargo ship in the Suez Canal has finally been freed. Now, the world is set to assess the damage. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
WeWork’s Debut; Disinformation Nation; Chaos in the Canal
Coworking company WeWork has announced it will finally go public via SPAC merger with BowX Acquisition Corp. WeWork CEO Sandeep Mathrani and Bow Capital’s Vivek Ranadive discuss the deal and their bet on an office space resurgence post-pandemic. Twitter, Alphabet, and Facebook CEOs answered lawmakers’ questions about disinformation dissemination and social media accountability in a marathon virtual House hearing on Thursday. Axios media reporter Sara Fischer and tech and press industry veteran Niki Christoff digest the comments from Jack Dorsey, and Sundar Pichai, and Mark Zuckerberg, and consider what legislation may come next. Plus, Warren Buffett’s made a pitch to Texas, the Suez Canal--and the global shipping industry--is near chaos, and Bernie Sanders is pushing Alabama Amazon workers to unionize. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Trust, Transparency, & Vaccines; Tax Plan Tacks; Fintech Leveling Finance
Big banks are appeasing their overworked junior staff with perks, from Zoom-free Fridays to $20,000 bonuses. CNBC.com’s Hugh Son discusses the domino effect the “Goldman Sachs 13” have had, up and down Wall Street. AstraZeneca is struggling to maintain public trust after a series of transparency and communication missteps surrounding its otherwise effective Covid-19 vaccine. President Biden’s tax plan continues to fuel debate across the political aisle; President Trump’s former Chief of Staff Mick Mulvaney and Rep. Tom Suozzi (D-NY) consider whether political ties and promises will win over dollars and cents. Plus, fintech startup Greenwood is getting buy-in from major banks to close the racial wealth gap. CEO Ryan Glover shares his company’s newest funding raise and his plans for a more equitable financial system. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Financial Inclusion, the Fed, & Forecasting America’s Covid Future
Operation Hope founder John Hope Bryant is working with former SEC Chair Jay Clayton to expand financial literacy and inclusion across the country, in an effort to shrink poverty and the wealth gap in the U.S. Nonresident Fellow at Brookings and NBC News contributor Dr. Kavita Patel considers what a third wave of Covid in Europe may mean for the pandemic trajectory here at home. A Covid-free world, she suggests, may not be the post-pandemic reality. Investors are eyeing GameStop after its quarterly earnings call; Hightower CIO and Portfolio Manager Stephanie Link weighs the risks of the meme stock trade. Plus, Elon Musk is midnight tweeting, and the markets are digesting comments from Treasury Secretary Janet Yellen and Fed Chairman Jerome Powell. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Penn National Gaming CEO & Data Drama: AstraZeneca’s Vaccine Study
AstraZeneca’s good vaccine news is tempered by federal health officials voicing concerns about the company’s data. CNBC’s Meg Tirrell digests the news and considers the blow’s impact to the vaccination timeline in the U.S. A year after U.S. stocks plummeted on fears of the coronavirus pandemic, markets have bounced back, in what Mike Santoli calls their best year since the 1930s. CEOs are facing tough decisions as they plan office reopenings; KPMG CEO Paul Knopp shares results from his survey of 140 other U.S. CEOs, addressing C-suite concerns for safety, employee demands for flexibility, and workplace vaccination disclosures post-pandemic. Plus, March Madness has spelled good fortune for the newest addition to the S&P 500: Penn National Gaming. CEO Jay Snowden discusses bets, brackets, and expanding American gambling. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
AstraZeneca U.S. President & Well-being on Wall Street
AstraZeneca has unveiled new data on its Covid-19 vaccine, revealing that it’s 79% effective at preventing symptomatic cases. CNBC’s Meg Tirrell explains the news, and AstraZeneca U.S. SVP and President of the Biopharmaceuticals Business Unit Dr. Ruud Dobber shares details and implications from the new study. Some of Wall Street’s junior bankers are banding together to shine a light on the 100 hour work weeks taking a toll on their physical and mental health. New York Times reporter Kate Kelly and Vanity Fair special correspondent William Cohan discuss the generational divide on Wall Street, from work ethic to work-life balance. The wealthiest Americans are finding ways to avoid their taxes, ARK’s Cathie Wood has a new price target for Tesla, and the Kernens are betting on their (individual) basket brackets. Plus, happy 90th birthday William Shatner! Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
March (Money) Madness & Reopening Momentum with N.J. Governor & Danny Meyer
States across the country are relaxing of pandemic rules as more Americans are vaccinated against Covid. New Jersey Governor Phil Murphy discusses vaccine eligibility, reluctance, and efficacy as he reopens business across his state. Union Square Hospitality Group and Shake Shack founder Danny Meyer says the restaurant industry has learned helpful lessons from the pandemic despite its struggles. “When we get to the point where we’re 100% indoor, plus outdoor dining, shipping, takeout, delivery, it’s going to be better than it’s ever been.” Plus, the Biden team has its first meeting with China, the NFL’s locked a $100 billion deal, and March Madness is ready for its comeback. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ulta Beauty CEO Exit Interview; Both Sides of the Non-Fungible Token
Description: In a surprise move, Ulta Beauty CEO Mary Dillon announced her departure from the company she’s led since 2013. She reflects on the business’s massive turnaround under her leadership, and she considers the future of beauty, above and below the mask line. In a conversation recorded exclusively for Squawk Pod, Becky Quick discusses Dillon’s legacy on Wall Street. CNBC’s Jon Fortt offers both sides of the NFT debate: growing bubble, or blockchain braintrust? Plus, the Fed’s moving markets, movie theaters are back in action, Joe’s making pizza, and Andrew’s ordering in. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Sweats to Statement Sleeves: DVF & the Secret to a Post-Covid Life
Fashion icon Diane Von Furstenberg shares her “secret to life” in a conversation about her new book; she discusses “owning it” and dressing to impress ourselves in a post-pandemic world. Plus, in a conversation exclusive to Squawk Pod, Andrew Ross Sorkin is spilling his wardrobe secrets to this at-home Zooming, broadcasting, reporting reality. Tom Gimbel, CEO of staffing and recruiting firm LaSalle Network, reveals results of a C-suite survey about office life after the pandemic and discusses employer and employee expectations, post-Covid. On the anniversary of our first fully remote experience, Dr. Scott Gottlieb outlines safety measures and vaccination strategies for offices hoping to reopen. Happy St. Patrick’s Day! Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Sotheby’s Auctions Off NFTs; United Airlines CEO, Ready for Take-Off
One year after markets tanked on fears of the coronavirus pandemic, stocks are looking up, and travel is picking up. United Airlines CEO Scott Kirby and CNBC’s Phil LeBeau discuss why the airline industry is optimistic about long-term travel demand as more and more people get vaccinated, and why a global minimum tax rate for corporations could mean industry turbulence ahead. Sotheby’s is partnering with digital artist PAK for its first sale of NFTs, or non-fungible tokens. CEO Charles Stewart considers the art world’s journey to digital assets and the audience and aesthetic opportunities this new crypto-art offers. Plus, countries are suspending use of the AstraZeneca vaccine, Moderna is testing its own vaccine on children and babies, and as vaccinations ramp up, offices plan their reopening strategies Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Tesla’s Technoking; Maryland’s Post-Pandemic Plans; Dr. Scott Gottlieb & America’s Pandemic Trajectory
White House Chief Medical Advisor Dr. Anthony Fauci is warning state leaders that the nation’s battle with the coronavirus is still “not in the end zone.” He urged Americans to adhere to public health measures despite the ramp-up of vaccinations, pointing to new infection spikes in Europe as a cautionary tale of relaxing too soon. Dr. Scott Gottlieb, member of the boards of Pfizer and biotech company Illumina and former FDA commissioner, says Europe’s rise in Covid cases isn’t predictive of the U.S. trajectory, due partly to the progress in vaccinating the nation. Maryland Gov. Larry Hogan also discusses his decision to lift capacity limits on dining, retail and religious institutions, but mask mandates and distancing protocols remain in place in public spaces. Plus, airline travel picks up and Tesla CEO Elon Musk now has a new title. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Alternative Assets with Reddit Co-Founder Alexis Ohanian; Post-Pandemic Music with 300 Entertainment’s Kevin Liles
A $69 million price tag for a digital piece has taken the art world by storm. CNBC’s Wealth Reporter Robert Frank shares details of Beeple’s enormous deal. Reddit co-founder and venture capitalist Alexis Ohanian weighs in on NFTs and Leore Avidar, founder and CEO of alternative assets, shares his vision of a world beyond cash. Plus, the Grammy Awards are this weekend; Kevin Liles, CEO of 300 Entertainment, the record label behind Megan Thee Stallion, Fetty Wap, and Young Thug, discusses live music in a post pandemic world. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
One Year into Covid: Pfizer CEO on Vaccine Efficacy
It’s been a year since the World Health Organization officially declared Covid-19 a pandemic on March, 11, 2020. In that time, there have been more than 29 million Covid cases in the U.S. and 527,720 people have died. Today, Pfizer said its Covid-19 vaccine blocked 94% of asymptomatic infections in an Israeli study – a result CEO Albert Bourla called “extremely important.” The study also found the vaccine was at least 97% effective against symptomatic Covid cases, hospitalizations and deaths. Plus, Becky and Joe’s pandemic recipes and Andrew’s favorite workout. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Building Roblox’s $30 Billion Biz; Antibody Treatments with Dr. Scott Gottlieb
Eli Lilly says its Covid-19 antibody therapy reduced the risk of hospitalization and death by 87% in a study of more than 750 high-risk coronavirus patients. Dr. Scott Gottlieb, member of the boards of Pfizer and biotech company Illumina and former FDA commissioner, discusses the news from Lilly and the difficulties around distributing Covid antibody drugs. Kids online gaming company Roblox (RBLX) is going public today through a direct listing on the New York Stock Exchange. Roblox CEO, David Baszucki, discusses the listing, user growth, the path to profitability and why Roblox is so unique. Plus, Tesla’s on a wild ride and inflation has captured investor focus. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Meme Stock Momentum & Suitsupply: Ready for Everyone’s Close-Up
Meme stock trading has changed the trajectory of GameStop, now pushing its own e-commerce transformation, but the trend may also change the game for legacy brands like Discovery and Disney. Sarah Needleman, reporter at the Wall Street Journal, and Nigel Vaz, CEO of one of the world’s largest advertising firms Publicis Sapient, consider which companies can ride the digital wave. Suitsupply CEO Fokke de Jong is betting that post-pandemic, we may finally turn our backs on our sweatsuit wardrobes. The company’s steamy head-turning ad campaign centered closeness in an optimistic vision of the future. Other post-pandemic hopes include: imminent stimulus checks, air travel, and pills for Covid-19 patients. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Over-the-Counter Covid Tests; The Third Scientific Revolution with Walter Isaacson
Cue Health has received emergency use authorization from the FDA for over-the-counter and at-home use of its rapid Covid-19 test. CEO Ayub Khattak discusses his vision for at-home health and putting a price on safety. Author and professor Walter Isaacson is out with his new book, “The Code Breaker: Jennifer Doudna, Gene Editing, and the Future of the Human Race.” Isaacson shares the stories of scientists leading what he calls the third scientific revolution of the modern age and considers the ethics of gene editing technologies like CRISPR. Plus, Disney is digesting the first weekend of its newest film “Raya,” Microsoft is weathering a hack, and the world is watching Oprah’s royal interview. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
You Want a Piece of Me? The NFT Trend; The Chip Shortage; Inflation Kryptonite
Fed Chair Jay Powell spooks the markets talking about inflation and the Senate is hiding a tax on executive compensation in the 600+ page stimulus bill. The semiconductor supply chain took a hit early in the Covid pandemic since much of the world’s chips are manufactured in places like China and Taiwan. Now the shortage is impacting several companies including Ford and GM. Mark Fields, former Ford president and CEO, discusses the auto industry’s electric future and the headwinds it may face due to the global chip shortage. The newest alternative investment getting attention are NFTs (non-fungible tokens) offering blockchain ownership over digital assets. Gary Vaynerchuk, CEO of VaynerMedia, and CNBC’s Robert Frank offer takes on this brave new world of who owns what. Plus, Suit Supply has an (interesting) ad campaign for a post-vaccine world. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.