Squawk Pod
1,299 episodes - English - Latest episode: 15 days ago - ★★★★ - 450 ratingsSquawk Pod is a daily, guided curation of the top moments and takeaways from CNBC’s flagship morning show, “Squawk Box”, anchored by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Each day, the podcast includes news making interviews, perspective and analysis from iconic guest hosts, and slices of debate and discussion—from the heated to the hilarious— all wrapped with exclusive context and color from Senior Producer Katie Kramer.
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Episodes
Polio’s Back? and Our Viral News Flash 7/22/22
July 22, 2022 17:17 - 25 minutes - 23.1 MBPresident Biden has tested positive for covid-19, and the White House has shared his prognosis and treatment. Former FDA Commissioner Dr. Scott Gottlieb discusses the President’s health status, Paxlovid, and how pockets of unvaccinated communities could have prompted America’s first case of polio in ten years. FedEx is delivering a big change for customers, and American Express has scored points for shareholders with its impressive Q2 report. Plus, the Squawk Box segment that went viral! Aur...
AT&T CEO John Stankey & Tesla’s Crypto Dump 7/21/22
July 21, 2022 17:29 - 29 minutes - 27.3 MBConsumers are taking longer to pay their bills, says AT&T CEO John Stankey. In an extended interview, Stankey discusses the pulse of the American consumer, as well as his company’s renewed focus on 5G and smart devices after the company spun-off its content business, WarnerMedia. In a surprise decision, the European Central Bank has raised interest rates for the first time in over a decade; CNBC’s Steve Liesman, Joe Kernen, Becky Quick, and Andrew Ross Sorkin explain the significance of the...
EU’s Energy Turmoil; Netflix Earnings & Chill 7/20/22
July 20, 2022 16:29 - 31 minutes - 28.4 MBThe Nord Stream 1 pipeline, the main route for Russian energy passage to the rest of Europe, is set to start functioning again on Thursday, but EU leaders are concerned that the Kremlin won’t restart flows, especially after the majority state-owned energy giant Gazprom originally cut flows to 40% and is now suggesting that it cannot fulfill its energy contracts with the EU, even if the pipeline reopens as planned. Europe’s energy turmoil could spell bigger supply and cost problems in the U.S...
JNJ’s Business Health & Remote Office Politics 7/19/22
July 19, 2022 16:07 - 33 minutes - 30.5 MBJohnson & Johnson beat analysts’ estimates on the strength of its pharmaceuticals unit despite the company cutting its profit forecast due to a stronger dollar. CFO Joseph Wolk blamed the forecast cut on currency fluctuations, pointing to the parity between the euro and the dollar. As the job market starts to cool down and companies begin to look for ways to save with a possible recession on the horizon, there is a renewed return-to-office debate. CNBC’s Hugh Son reports on slowed hiring at ...
The Saudi Kingdom, The Magic Kingdom, & China on Lockdown
July 18, 2022 17:40 - 30 minutes - 28.1 MBIn this episode: Amos Hochstein, @amoshochstein Claire Atkinson, @claireatki Matt Belloni, @MattBelloni Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @Andrewrsorkin Cameron Costa, @CameronCostaNY
Chips, Reese’s Pieces, & Keeping the U.S. Competitive with Intel CEO 7/15/22
July 15, 2022 17:38 - 25 minutes - 23.1 MBThe U.S. Congress is set to go on August recess, but Intel CEO Pat Gelsinger has a tough message for them before they go: pass the CHIPS Act, ASAP. America’s manufacturing industry has been waiting on government funding to produce tech’s all-important semiconductors for over a year, and Gelsinger says, it’s a matter of national security. We track the holdup in DC, the impact it’s having on job creation in America’s heartland, and the global chips supply chain. Plus, the USD is nearly at pari...
Netflix Ads & The Big Bank Barometer: Hotter Economy Ahead? 7/14/22
July 14, 2022 17:15 - 29 minutes - 26.9 MBIn this episode: Sara Fischer, @sarafischer Frank Luntz, @FrankLuntz Dom Chu, @TheDomino Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @Andrewrsorkin Katie Kramer, @Kramer_Katie
The Inflation Heat, A Crypto Chill, & Twitter’s $44B Lawsuit 7/13/22
July 13, 2022 16:40 - 30 minutes - 28.4 MBInflation jumped 9.1% to a new 40-year high in June. CNBC’s Steve Liesman, Rick Santelli, and Mike Santoli unpack what today’s Consumer Price Index data means for the Federal Reserve and for consumer wallets. As a crypto winter puts serious pressure on the industry, some crypto lenders are collapsing. BlockFi found a lifeboat in crypto exchange FTX; in a CNBC-exclusive interview, BlockFi CEO Zac Prince explains why he discounted his company 95% to strike a credit and possible acquisition dea...
YOLO Summer: Travels, Trip-Ups, & Retail Spending 7/12/22
July 12, 2022 16:51 - 26 minutes - 24.1 MBIt’s YOLO summer! Travelers are on the move, but airline and airport shortages are causing speedbumps. London’s Heathrow Airport is managing a staffing shortage by capping the number of passengers traveling per day and requesting that airlines stop selling tickets. Still, with so many people on the move, retail watcher Jan Kniffen wonders how many consumers will be around to take advantage of retailer sales like Amazon Prime Day. CNBC’s Courtney Reagan shares retail’s biggest sales and hurdl...
A Deal Off, A ‘Kill Switch,’ & A Saudi Trip 7/11/22
July 11, 2022 16:32 - 34 minutes - 31.9 MBElon Musk is over Twitter. He’s aiming to terminate the $44 billion dollar deal, and Twitter’s ready to take him to court over it, but Musk is seemingly unbothered by the drama. Former SEC Chair Jay Clayton maps out the various outcomes at this stage in Twitter-Musk saga. Covid cases are ticking up as we head into the end of the summer, and while most of us have readjusted our individual risk calculus to allow for normal life, former FDA Commissioner Dr. Scott Gottlieb suggests keeping our m...
Twitter vs. Musk; Jobs Friday Surprise; GameStop Power Plays 7/8/22
July 08, 2022 16:15 - 24 minutes - 22.2 MBSome recession we’re having, huh? A surprisingly positive jobs report for the month of June may defy fears of a looming economic slowdown. Payrolls increased by 372,000 jobs, above expectations. CNBC’s Steve Liesman and SoFi Head of Investment Strategy Liz Young discuss the robust labor market with Joe Kernen and Melissa Lee. Elon Musk and Twitter are still dancing around a possible deal; The Washington Post reports that Musk’s proposed $44B bid to buy the social media platform could be i...
Boris Johnson Resigns; Luxury Art Market Soars 7/7/22
July 07, 2022 16:37 - 25 minutes - 23.1 MBUK Prime Minister Boris Johnson is resigning, following a torrent of resignations from ministers in his government in the past 24 hours. CNBC Europe’s Steve Sedgwick reports on the scandals that have caught up with Johnson and the quick sea changes of UK conservative politics. As Wall Street parses through the market’s recession signals and portfolio managers brace for a deeper downturn, the luxury art market soars. The first half of 2022 broke records for the industry, marking the most ever...
Messy Market Signals, & Morals Over Money: The New Hiring Handbook 7/6/22
July 06, 2022 17:39 - 27 minutes - 25.4 MBA bevy of market signals have alarmed investors: oil prices slipping, a surprise Nasdaq rally, a yield curve inversion. As inflation remains elevated and recession fears loom over the markets, the Federal Reserve and the Biden administration balance their respective toolsets to mitigate pressure on the American economy. Austan Goolsbee, former CEA chairman and Booth School of Business professor, and fellow economist Michael Strain, director of economic policy at AEI, discuss whether their st...
Trust in Zuck, Travel Havoc for the Holiday, & EV Leader Evolution 7/5/22
July 05, 2022 04:00 - 24 minutes - 22.4 MBMeta is down 52% in 2022, and Mark Zuckerberg is bracing his shareholders for more tougher times ahead. He’s shuttering the company’s digital wallet project and announced a slash to engineer hiring; Cleo Capital’s Sarah Kunst says Zuckerberg’s revamped approach to employees could be what investors need. Plus, President Biden might be rolling back Trump-era China tariffs, Germany’s economic data has global investors on edge, July Fourth travelers had little to celebrate at airports this weeken...
Airline Pilots Protesting & Netflix’s Super Slump 7/1/22
July 01, 2022 18:35 - 31 minutes - 28.9 MBFlight cancellations continue to distrust travelers, and Dennis Tajer, spokesman for the Allied Pilots Association and pilot for American Airlines, is blaming airline management. He claims pilots are being pushed to the edge. In the markets’ roughest first half of the year since the 1970s, Netflix was the worst performing stock. It may have come down to their lackluster content, says Rich Greenfield of LightShed Partners. Cynthia Littleton, Variety co-editor-in-chief, joins Rich to discuss h...
Taxes Back to Jerseyans, Markets Back to the 70s 6/30/22
June 30, 2022 16:31 - 20 minutes - 19 MBAmericans are feeling the pain caused by inflation, but New Jersey is hoping to help its residents with an historically large budget plan. Governor Phil Murphy (D-NJ) discusses how Jersey’s rebate will alleviate some of the pain, from property taxes to back-to-school supplies. The markets are set to close on the worst first half in more than 50 years. The Dow and S&P 500 are on track for their worst three-month period since Q1 of 2020, and the Nasdaq is on its worst run since 2008. Plus, dra...
America, Hitting the Road & Skipping the Office: Best Western & Slack CEOs 6/29/22
June 29, 2022 16:46 - 30 minutes - 27.8 MBAmericans are gearing up to travel this Fourth of July weekend despite higher fuel and food costs this year. Amid record-high inflation, president and CEO of Best Western Hotels and Resorts Larry Cuculic says summer travel is surging in cities like Seattle, New York, and San Francisco. Stewart Butterfield, CEO of Slack, joins Andrew from the Aspen Ideas Festival to discuss what impact a recession could have on employers recalling workers to the office. He says the pandemic has proved that di...
Tech Check-In: Cathie Wood & Eric Schmidt 6/28/22
June 28, 2022 15:59 - 27 minutes - 24.8 MBAs investors come to terms with a recession and the tech markets weather a downturn, we turn to legendary tech voices Cathie Wood and Eric Schmidt for guidance. Cathie Wood, founder of Ark Invest and a famous innovation bull, shares lessons from last year’s profits and losses. She maps out the biggest problems facing companies today, including inflation and supply chain issues. Eric Schmidt, former CEO and Executive Chairman of Google, joins from the Aspen Ideas Festival to share lessons fro...
Once More, With Energy: Gas Prices, G7 and Ken Langone 6/27/22
June 27, 2022 16:42 - 39 minutes - 36.1 MBWe’re kicking off the week with a super-sized Squawk Pod! Three big interviews that all start with the key question Wall Street is asking: how bad is the impact of 2022’s high energy prices? Becky Quick and Brian Sullivan weigh the influence higher gas prices have on the stock market, and G7 leaders convene in Germany to discuss additional Ukraine support and new sanctions that include a proposal to cap the price of Russian oil exports. Goldman Sachs’ Jeff Currie says a brief pullback in gl...
Oil Squeeze, Price Pain and Summer Travel Woes 6/24/22
June 24, 2022 16:44 - 35 minutes - 32.9 MBFresh reporting from Becky Quick on what happened inside the room with leading executives from the U.S. oil industry and Energy Secretary Jennifer Granholm. Inflation continues to run hot. Federal Reserve Chairman Jerome Powell says that the Fed is committed to fighting inflation “unconditionally” in a testimony to the House Financial Services Committee. Member of the committee, and Problem Solvers Caucus Co-Chair, Rep. Josh Gottheimer (D-NJ) wants to act aggressively to solve the problems ...
Meetings and Metaverses 6/23/22
June 23, 2022 16:25 - 38 minutes - 35.3 MBBig Oil executives head to Washington today for a meeting with the Biden Administration to go over a diminishing list of options to contend with the rising price of gas. President Biden announced plans to enact a “gas tax holiday” in the U.S. this summer, and has not received broad initial support. Amos Hochstein, State Department Special Envoy and Coordinator for International Energy Affairs, discusses the $0.18 reduction per gallon the holiday would save and the outlook for getting the po...
Stuck on the Tarmac 6/22/22
June 22, 2022 15:45 - 17 minutes - 15.7 MBA nationwide pilot shortage is prompting thousands of delays and cancellations for summer travelers. Dennis Tajer, American Airlines pilot and spokesperson for the Allied Pilots Association, says the staffing issues are due to management’s lack of foresight, and he warns that airlines may start to cut corners to keep up with demand. CNBC’s autos and airlines reporter Phil Lebeau considers how long it will take carriers to sort out their problems, and whether the federal government will have ...
A Gas Tax Holiday & Hodling onto Faith 6/21/22
June 21, 2022 16:25 - 30 minutes - 28.1 MBIn the wake of a turbulent market week, investor fears of a recession are growing in step with losses on Wall Street. Crypto hodlers are in pain, but investor and former NYSE President Tom Farley hopes the worst is behind them. Chair of President Biden’s Council of Economic Advisers Cecilia Rouse discusses inflation, the state of the economy, and the administration’s options to mitigate ever-rising fuel prices across the U.S., including a gas tax holiday. Plus, Mondelez is taking a Clif jump...
Ron Baron’s Ray of Hope; Black Financial Influencers 6/17/22
June 17, 2022 16:13 - 28 minutes - 26.3 MBThe S&P 500 is headed for its worst week since March of 2020, but famed buy-and-hold billionaire investor Ron Baron offers a ray of hope amid Wall Street’s worries. A Tesla bull and futurist investor, Baron likens today’s market with the opportunity that earned him billions in the 1980s. In an all-hands meeting with Twitter employees, Elon Musk addressed layoff and content moderation concerns. For consumers, inflation is still cause for worry; Rep. Ro Khanna (D-CA) discusses pump pressures f...
Did the Fed Do Enough? The Central Banks’ Great Awakening 6/16/22
June 16, 2022 16:17 - 28 minutes - 26.3 MBThe Fed raised interest rates by 75 basis points on Wednesday and alluded to more hikes in the coming months, as CNBC’s Steve Liesman recaps. But did the Fed do enough? Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, Cambridge shares his thoughts on the Fed, the European Central Bank, and the Swiss Central Bank after all three announced interest rate hikes. CNBC’s Jon Fortt considers whether the Fed raised rates high enough, quickly enough, and what it will t...
Hiking Rates, Calling Big Oil, & Hedging Portfolios 6/15/22
June 15, 2022 16:06 - 33 minutes - 30.4 MBThe S&P 500 fails to rebound, the markets are poised for the Fed’s big rate hike, inflation and pump pressures are on, and crypto is crumbling. Founder and chairman of Equity Group Investments Sam Zell shares his unfiltered perspective on the Fed, energy prices, and DC policy, all from his vantage point as a real estate billionaire and energy, health care, and manufacturing investor. President Biden is asking oil CEOs to boost gasoline supply and is calling their profits “unacceptable.” Plus...
The Investor Psyche: War, Recession, & Not-So-Stablecoins 6/14/22
June 14, 2022 16:24 - 30 minutes - 28.3 MBIn the wake of this week’s bear market, former NYSE President Tom Farley and former Chairman and CEO of TDAmeritrade Joe Moglia discuss the peaks and valleys still to come, both in the crumbling crypto markets and in the broader economy. Tom Farley, who has debuted more than one SPAC of his own, discusses the market’s depleted appetite for any kind of public listing. Joe Moglia speaks to the psyche of retail investors as global conflict rages on and inflation ticks higher, and considers whet...
Bear Market Woes: Crypto Contagion & Inflation 6/13/22
June 13, 2022 16:47 - 33 minutes - 30.9 MB$200 billion was wiped out of the crypto market over the weekend, and Bitcoin has hit its lowest level since December of 2020. Skybridge Capital founder and crypto bull Anthony Scaramucci unpacks the global market sell-off, the slide in crypto, and why the drama at crypto lender Celsius could make things worse. Inflation and gas price pressures are hitting consumers and corporations; CEO of Stew Leonard’s details the fuel and food supply chain issues impacting his bottom line. Plus, a break ...
Starbucks CEO Howard Schultz & Our Inflation Nation 6/10/22
June 10, 2022 17:01 - 45 minutes - 41.2 MBIn his first aired interview since taking the helm (again) at Starbucks, interim CEO and founder Howard Schultz speaks candidly to Andrew Ross Sorkin at The New York Times DealBook D.C. Policy Forum in Washington. In an extended conversation, the two cover inflation, America’s gun policy, the mental health crisis, the labor movement, and leadership in capitalism. Plus, May’s consumer price index, or CPI, was up 8.6% from last May, the highest year-on-year increase since December of 1981. For...
Regulation Nation: Twitter’s Data Dilemma with Ajit Pai, & Robinhood’s Revenue with Jay Clayton 6/9/22
June 09, 2022 15:33 - 30 minutes - 27.7 MBRobinhood turned millions of people into retail traders, but now the app’s business model may be in jeopardy as the SEC eyes a plan to crack down on Payment For Order Flow, a practice crucial to its revenues. Jay Clayton, former Chair of the SEC, weighs in on how the SEC’s agenda could transform the stock market. Twitter has agreed to comply with Elon Musk’s demand for access to the platform’s data stream. Former FCC Commissioner Ajit Pai, breaks down what more Musk will ask for, and opening...
Retail’s Beauty Mark with Ulta & the Media-Scape with AMC 6/8/22
June 08, 2022 15:35 - 27 minutes - 25.1 MBAs most retailers struggle with a difficult quarter, cosmetics might be a bright spot. Alongside Elf Cosmetics, Ulta Beauty reported upbeat first quarter results despite rising inflation; Ulta CEO David Kimbell discusses the company’s year over year revenue growth and the relative strengths of beauty consumers and social media beauty influencers alike. As streaming stocks like Netflix have struggled, AMC CEO Matt Blank suggests the answer to media’s momentary woes might be linear. Plus, a hi...
Taming Crypto’s Wild West; Target Feels a Profit Squeeze 6/7/22
June 07, 2022 16:32 - 40 minutes - 36.9 MBSenators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) have introduced bipartisan legislation that would overhaul the regulatory framework for cryptocurrencies and digital assets. The two share details of their plan, how the SEC and the CFTC would fit into it, and how “rules of the road” would benefit both investors and the economy at large. Target is warning investors of a hit to profits next quarter, as the company manages inventory, inflation, and freight cost issues. Longtime retai...
Sweetening the Deal for Spirit & Weathering Crypto’s Cold Front 6/6/22
June 06, 2022 16:10 - 25 minutes - 23.7 MBJetBlue has upped its offer for Spirit Airlines as the battle with Frontier heats up. CEO Robin Hayes explains the new, larger breakup fee offer and shares why he feels shareholders should be happy with this deal. After Coinbase’s hiring freeze and Gemini’s layoffs, the crypto community could be headed for a “crypto winter.” Forkast founder and CEO Angie Lau says, a contraction is certainly underway. Plus, Elon Musk claims Tesla is overstaffed, Starbucks is closing down a recently unionized ...
Netflix’s Bumpy Ride & Buy Now, Pay Later Debt 6/3/22
June 03, 2022 15:51 - 19 minutes - 18 MBNetflix’s volatility continues; despite a bounce in share price this week, the stock is down 66% this year. Gene Munster, Loup founder, discusses his firm’s “higher risk, higher reward” investment in the streaming platform and why it’s important to get its ad model right. Consumers have taken on a lot of credit card debt this year, and CNBC’s Senior Personal Finance Correspondent Sharon Epperson breaks down the booming buy now, pay later debt. Plus, Tesla is cutting staff, and crypto firms l...
Sheryl Sandberg’s Leaving Meta’s C-Suite & Elon Musk’s Anti-WFH 6/2/2022
June 02, 2022 16:33 - 31 minutes - 29.1 MBSheryl Sandberg is stepping down from her post as Meta Platforms Chief Operating Officer after 14 years. Sara Fischer, Axios media reporter, and Rich Greenfield of LightShed Partners, discuss what this means for the Facebook parent’s stock and its future in the metaverse. Elon Musk has ignited another debate: returning to work. Commenting on a Twitter post, Musk said that Tesla executives unwilling to return to office work “should pretend to work somewhere else.” Tsedal Neely, Harvard Busine...
Treasury Secretary Janet Yellen & Economist Mohamed El-Erian 6/1/22
June 01, 2022 15:42 - 27 minutes - 24.9 MBTreasury Secretary Janet Yellen says the White House has several strategies that will reduce inflation, which she conceded is too high. In a sit down interview with Becky Quick, former Fed Chair Yellen recaps her meeting with current Fed Chair Jay Powell and President Biden, and she lists efforts aimed at prescription drug costs, the budget deficit, and oil production that could bring down prices. Economist Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, Camb...
The Box Office Rebound & A Student Debt Debate 5/31/22
May 31, 2022 16:25 - 38 minutes - 35.4 MBParamount’s “Top Gun: Maverick” broke box office records this Memorial Day Weekend. AMC CEO Adam Aron expects moviegoers to continue to return to theaters throughout the summer season, which is good news for all AMC shareholders. The Biden administration is floating a student loan forgiveness plan that has frustrated politicians on both sides of the aisle; Purdue University President Mitch Daniels airs his own concerns. Plus, the EU has committed to a partial ban on Russian oil, and Presiden...
Special Preview – Born to Rule: When Charles is King from TODAY
May 30, 2022 18:14 - 30 seconds - 472 KBWe’re sharing a sneak peak of Born to Rule: When Charles is King, a new original podcast from TODAY which asks (and answers) the burning questions about Prince Charles and what he might be like as King. Listen to the first two episodes and follow now: https://link.chtbl.com/BTR_LW
Navigating the Metaverse: Davos Day 5 5/27/22
May 27, 2022 16:25 - 18 minutes - 16.5 MBForward-looking companies are simultaneously navigating the uncertainty of today’s markets while beginning to compete in the ‘metaverse.’ Accenture CEO Julie Sweet sits down with CNBC’s Andrew Ross Sorkin at the 2022 World Economic Forum to discuss how her company is using its own metaverse to onboard 150,000 new company employees throughout the year. Andreessen Horowitz also plans to plow billions of dollars into crypto start-ups while digital asset markets are in a rut; the Silicon Valley ...
Former Ukrainian Boxer Wladimir Klitschko: Davos Day 4 5/26/22
May 26, 2022 15:40 - 23 minutes - 21.5 MBAt the World Economic Forum in Switzerland, former professional boxer Wladimir Klitschko sits down with CNBC’s Sara Eisen to discuss Russia’s war in Ukraine. Klitschko explains why he and his brother, Mayor of Kiev, briefly left Ukraine for Davos, and he shares details of life in Ukraine nearly three months after the Russian invasion. In this episode: Wladimir Klitschko, @Klitschko Sara Eisen, @SaraEisen Katie Kramer, @Kramer_Katie Cameron Costa, @CameronCostaNY
Palantir CEO Alex Karp: Davos Day 3 5/25/22
May 25, 2022 16:13 - 19 minutes - 17.8 MBAt the World Economic Forum in Switzerland, Palantir CEO Alex Karp addresses data’s role in global warfare, criticism the company has faced over the years, the risk of nuclear war, Biden’s comments on Taiwan and the tech industry. In comments exclusive to this podcast, Andrew Ross Sorkin shares context on the polarizing data analytics company, its founders, and the life habits (sleep!) that keep them all going. In this episode: Alex Karp, @PalantirTech Andrew Ross Sorkin, @andrewrsorkin Ka...
Bridgewater Founder Ray Dalio: Davos Day 2 5/24/22
May 24, 2022 15:53 - 22 minutes - 20.6 MBDescription: At the World Economic Forum in Switzerland, Ray Dalio, founder and Co-CIO of the world’s largest hedge fund Bridgewater Associates, addresses rising recession concerns, market volatility, cryptocurrency’s value, and finding assets that deliver real return. Plus, Snap issued a profit warning to investors, sending the stock down well over 30% and dragging other tech names down with it. In this episode: Ray Dalio, @RayDalio Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewr...
Alphabet CFO Ruth Porat: Davos Day 1 5/23/22
May 23, 2022 16:03 - 20 minutes - 18.8 MBAt the first in-person World Economic Forum since 2020, global leaders gather in Davos, Switzerland to discuss the future of politics, culture, and business. Andrew Ross Sorkin is on the hillside in the Alps for a rare sit-down interview with Alphabet CFO Ruth Porat; they cover fears of an economic slowdown, U.S. content moderation policies, and tech’s rough year in the markets. Plus, President Biden says that the U.S. would get involved militarily to defend Taiwan if China tries to take it ...
Elon’s New Headline; Cramer’s Urge for the Fed; Monkeypox in the U.S. 5/20/22
May 20, 2022 16:21 - 23 minutes - 21.5 MBHealth authorities in Europe, the U.S., and Australia are investigating a recent outbreak of monkeypox cases, a rare virus typically confined to Africa. Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, discusses whether this country’s first case of monkeypox is cause for concern, and how the country will handle the latest rise in Covid-19 infections. Business Insider reports that SpaceX paid a flight attendant $250,000 in severance over a sexual misconduct claim made against...
Retail’s Wreck: Target CEO Brian Cornell 5/19/22
May 19, 2022 16:16 - 28 minutes - 26.2 MBThe S&P 500 is on the brink of a bear market. Wednesday, the Dow fell more than 1,100 points, marking its worst sell-off in nearly two years. The S&P 500 also suffered its worst one-day decline since June 2020, and the Nasdaq Composite fell 4.7%. Those losses were driven in part by disappointing back-to-back quarterly reports from Target and Walmart that showed higher fuel costs and restrained consumer demand. Target CEO Brian Cornell reacts to the company’s first-quarter earnings report and...
Warner Bros. Discovery CEO David Zaslav 5/18/22
May 18, 2022 16:42 - 36 minutes - 33.6 MBIn his first interview since the $43 billion dollar media merger, Warner Brothers Discovery CEO David Zaslav shares the company’s plan to combine HBO Max and Discovery into one streaming platform. Zaslav also discusses what prompted the company’s decision to shutter CNN+ shortly after its launch. Redpoint Ventures founding partner Geoff Yang, who invested early in Netflix, DraftKings, Twilio, and Snowflake, breaks down tech valuations as stocks in the sector come under pressure. Plus, Lowe’s...
Wall Street Dramas: JetBlue’s Hostile Bid, Elon Musk’s Twitter Plan, Jeff Bezos’s Pointed Tweets 5/17/22
May 17, 2022 16:03 - 21 minutes - 19.9 MBA new SEC filing reveals Elon Musk’s original plan to join Twitter’s board, and to later abandon that plan in favor of a takeover. Transportation Sec. Pete Buttigieg reacts to JetBlue’s hostile takeover bid for Spirit Airlines and Jeff Bezos’s pointed tweets at President Biden’s economic agenda. Plus, Intel shareholders voted against the company’s compensation for its top executives, sending a signal that some Intel investors are closely watching the performance of CEO Pat Gelsinger and the ...
Ben Bernanke: Inflation, Recession, and ESG with the Former Fed Chair 5/16/22
May 16, 2022 18:06 - 1 hour - 59.3 MBFormer Chair of the Federal Reserve Ben Bernanke weighs in on the US economic recovery from Covid-19, the likelihood of an impending recession, and the Fed’s strategy to combat inflation. In an extended, exclusive interview with Andrew Ross Sorkin, Bernanke explains how he uses history to inform his perspective on today’s economy in his new book, “21st Century Monetary Policy: The Federal Reserve from the Great Inflation to Covid-19.” Bernanke shares his thoughts on bitcoin and on climate-co...
Elon Musk and Twitter Taking a Break? Coinbase CFO: “We’ve navigated through crypto cycles” 5/13/22
May 13, 2022 16:29 - 36 minutes - 33 MBElon Musk announced today that his Twitter deal is on hold “temporarily” until he receives more information about how many fake accounts exist on the social media platform. In a follow-up tweet a few hours later, Musk added that he was “still committed to the acquisition.” Wedbush’s Dan Ives discusses the implications of the tweet and the future of the deal. Coinbase shares hit a new 52-week low on Thursday after reporting revenue that fell 27% from a year ago. Coinbase CFO Alesia Haas addre...
Streaming’s Collapse; Crypto’s Decline & Vegan Jerky 5/12/22
May 12, 2022 16:36 - 35 minutes - 32.2 MBBitcoin fell to its lowest in 16 months today, leading a rush out of risk assets, while the collapse of TerraUSD, a so-called stablecoin, underscored the strain on cryptocurrency markets. Bitcoin, the world’s largest cryptocurrency, has lost a third of its value in the last eight sessions. Disney reported stronger-than-expected growth in streaming subscribers across all of its media platforms, but the stock fell today after the company warned it’s still seeing the impact of Covid on its them...