Squawk Pod
1,282 episodes - English - Latest episode: 20 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.
Homepage Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Episodes
On the Hill, Under the Sea, & In the Trillion Dollar Club 5/30/23
May 30, 2023 15:52 - 26 minutes - 24.5 MBLawmakers have reached a tentative debt ceiling deal; founder of Punchbowl News Jake Sherman explains who’s satisfied, who’s still on the fence, and the work still left to do. Strategas Research Partners Chairman Jason Trennert discusses the deal’s impact on the markets, and the Federal Reserve’s path ahead. Plus, Nvidia has hit the $1 trillion market cap milestone, The Little Mermaid made a splash at the box office, and Elizabeth Holmes is headed for jail. In this episode: Jake Sherma...
Bonus: Oscar Munoz: Turnaround Time 5/29/23
May 29, 2023 10:00 - 12 minutes - 11.1 MBUnited Airlines’ former CEO Oscar Munoz writes what he calls the longest love letter to United employees in his business memoir “Turnaround Time.” Munoz experienced a heart attack 37 days after starting his job as chief executive in 2015, and navigated his own personal health crisis while fending off activist investors and PR missteps. Enjoy this Squawk Pod Bonus episode on the long holiday weekend!
Ford & Tesla Team Up & TikTok’s American Data 5/26/23
May 26, 2023 16:38 - 39 minutes - 35.8 MBFord has teamed up with Tesla; Ford CEO Jim Farley explains what’s next in America’s road to electric vehicles. An investigation from The New York Times dove into how U.S. drivers’ licenses and passports were on the Bytedance server in China; reporter Sapna Maheshwari explains what she learned, reporting on TikTok and American data. Plus, CNBC’s Kayla Tausche reports on the rising tensions in DC as negotiators inch closer to a debt ceiling deal, and CNBC’s Courtney Reagan reports on retail’s...
U.S. Rating Downgrade, The War of “Woke” & The AI Chip Boom 5/25/23
May 25, 2023 16:28 - 36 minutes - 33.7 MBA warning from the Fitch credit rating agency about U.S. debt added fresh urgency to ongoing debt ceiling negotiations between the White House and congressional Republicans, with only seven days to go before the United States faces an imminent threat of debt default. Brian Deese, former National Economic Council Director, discusses the latest on debt ceiling negotiations and whether a bipartisan deal can be reached. Mega retailer Target is pulling some of its merchandise that celebrates Prid...
Sticky Inflation, MDW Travels, & Netflix Sharing No More 5/24/23
May 24, 2023 17:09 - 29 minutes - 26.8 MBInflation could be stickier than the markets expected, warns Goldman Sachs CEO David Solomon. THL Partners Co-CEO Scott Sperling agrees, suggesting that AI innovation could ease some of the economy’s wage inflation. Ahead of Memorial Day Weekend, The Points Guy founder Brian Kelly explains traveler willingness to splurge on vacation, amid economic uncertainty. Plus, Netflix is cracking down on password sharing, and Florida Governor Ron DeSantis aims for the White House, live on Twitter. ...
AI Gone Viral & Senator Ted Cruz on Debt 5/23/23
May 23, 2023 16:38 - 38 minutes - 35.6 MBAn AI-generated image went viral on Twitter, sending a ripple through the markets as investors considered its authenticity. CNBC’s Steve Kovach discusses the perfect storm of paid-for blue checkmarks on Twitter, AI, and social media, and what big tech firms like Alphabet could do to curb the spread of AI-fueled disinformation. In Washington, CNBC’s Kayla Tausche reports that President Biden and House Speaker Kevin McCarthy (R-CA) had a productive discussion about averting a debt default. PIM...
Fed President Neel Kashkari, Funemployment, & Boos at B.U. 5/22/23
May 22, 2023 16:07 - 33 minutes - 30.3 MB10 days away from the debt ceiling deadline, President Joe Biden and House Speaker Kevin McCarthy will meet to negotiate. Minneapolis Fed President Neel Kashkari weighs in on the high stakes for that negotiation, as well as the Federal Reserve’s inflation battle. As a voting member of the Federal Reserve, he insists, a hiking pause in June wouldn’t indicate an end to this hiking cycle. Warner Bros. Discovery CEO David Zaslav delivered the commencement speech for Boston University graduates, ...
Bank Crisis Cleanup & the Morality of WFH 5/19/23
May 19, 2023 16:27 - 27 minutes - 25.3 MBElon Musk says remote work is a moral issue; CNBC’s Jon Fortt explains both sides of the worker’s moral compass. Simon Johnson, MIT professor and former IMF chief economist, discusses the banking crisis, why it’s inappropriate to compare it to the 2008 meltdown, and what lessons can be drawn from the current turmoil. Debt ceiling negotiations between the country’s top political leaders are expected to continue into the weekend as they face a June 1 deadline at which point the U.S. could defa...
Organized Retail Crime & AI: Bad for Humanity? 5/18/23
May 18, 2023 17:01 - 31 minutes - 28.5 MBRetail shrinkage is hitting the bottom line for major retailers like Target, Home Depot, and Walmart. National Retail Federation CEO Matt Shay explains the theft and organized retail crime that amounted to nearly $95B in 2021 and is likely to cost retailers even more this year. Anti-Defamation League CEO Jonathan Greenblatt discusses ethical and responsible AI innovation, including protecting children and effective regulation. Plus, Greenblatt considers Elon Musk’s opinion on free speech and...
SI Cover Model Martha Stewart, House Speaker Kevin McCarthy, & House Minority Leader Hakeem Jeffries 5/17/23
May 17, 2023 16:50 - 45 minutes - 41.9 MBAs debt ceiling discussions in DC near their default deadline, Squawk Pod delivers two conversations with two of the four debt ceiling negotiators: House Speaker Rep. Kevin McCarthy (R-CA) and House Minority Leader Rep. Hakeem Jeffries (D-NY). Both discuss the progress made in their latest meeting with President Biden and the critical piece of bipartisanship: avoiding a U.S. default. Plus, entrepreneur and author Martha Stewart talks about gracing the cover of the latest Sports Illustrated s...
U.S. Oil Buys & Home Depot’s Demand Problem 5/16/23
May 16, 2023 16:40 - 32 minutes - 30 MBIn DC, the Senate Banking Committee is prepared to hear testimony from former Silicon Valley Bank and Signature Bank executives. Senator J.D. Vance (R-OH) shares his concerns about regulator oversight in the regional banking crisis, and he weighs in on the debt ceiling showdown. White House energy advisor Amos Hochstein discusses the administration’s newly announced plans to buy three million barrels of oil to replenish the U.S. Strategic Petroleum Reserve. Plus, the U.S. Virgin Islands issu...
Paul Tudor Jones: “Fed could declare victory over inflation now” 5/15/23
May 15, 2023 16:45 - 32 minutes - 29.9 MBTudor Investment founder and founder of the Robin Hood Foundation Paul Tudor Jones shares his perspective on the economy and the Fed’s rate hiking strategy to tame inflation. Plus, Vice Media has filed for bankruptcy, Fanatics makes a big leap into sports betting, Twitter employees are a-twitter about their new CEO, and the debt ceiling negotiations are getting down to the wire. In this episode: Paul Tudor Jones, @ptj_official Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ro...
“Chief Twit” Calls It Quits, & Cybersecurity in the Age of AI 5/12/23
May 12, 2023 16:29 - 31 minutes - 28.5 MBElon Musk has announced his plan to step aside as Twitter CEO, and has hired NBCUniversal global ad chief Linda Yaccarino to take his place. CNBC’s Julia Boorstin reports on the news, and former CEO of Ford Mark Fields discusses what this decision means for Tesla’s shareholders. Good and bad actors are leveraging AI in their work; Heroic Ventures founder and AI investor Michael Fertik discusses recent innovations in cybersecurity, as hackers use AI to create more efficient scams and other cy...
24-Hour Trades with Robinhood CEO & the Art Market’s $2B Week 5/11/23
May 11, 2023 16:32 - 22 minutes - 21.1 MBRobinhood has announced 24-hour trading on some stocks and ETFs on weekdays, becoming the first brokerage to offer customers the feature. CEO Vlad Tenev discusses the evolution of the trading “day,” as well as the volume of retail traders and money inflows, amid economic volatility. CPI and PPI data this week have indicated that inflation might be slowing down–finally. Richmond Federal Reserve President Tom Barkin is unconvinced, however; he maintains that inflation is still moving too slowl...
FTC Chair Lina Khan, AI Workforces, & Debt Ceiling Drama 5/10/23
May 10, 2023 16:27 - 39 minutes - 35.9 MBThe Federal Trade Commission is on alert for the ways that rapidly advancing artificial intelligence could be used to violate antitrust and consumer protection laws. FTC Chair Lina Khan discusses the push for A.I. regulation, the Microsoft-Activision merger, and American competitiveness with China. Meanwhile, IBM and Google are announcing their own artificial intelligence products. CNBC’s Jon Fortt reports on whether AI will create more middle-class jobs, or eliminate them. CNBC’s Kayla Taus...
Squawk Pod Reports: Weekend with Warren Buffett Part 3 5/9/23
May 09, 2023 17:39 - 45 minutes - 42.1 MBWarren Buffett, Charlie Munger, and CNBC are at the annual Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska. At this year’s Woodstock (or Coachella) for capitalists, the investing legends answer shareholder questions about Elon Musk, and their accumulated wisdom in business and in life. Howard Buffett, philanthropist, author, farmer, and likely Berkshire’s next non-executive chairman after his father, discusses succession at the company, as well as his own devotion to mitigating fo...
Squawk Pod Reports: Weekend with Warren Buffett Part 2 5/8/23
May 08, 2023 18:05 - 52 minutes - 47.6 MBCNBC is at the annual Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska, with Warren Buffett and Charlie Munger. It’s Woodstock for capitalists! Shareholders ask the two investing legends about Berkshire’s stake in Apple, America’s relationship with China, and of course, the Berkshire investing philosophy. Tech investor Ann Winblad, a meeting attendee with an impressive business legacy of her own, breaks down some of Buffett’s hottest takes on AI and technology. Becky Quick gets an ...
Squawk Pod Reports: Weekend with Warren Buffett Part 1 5/8/23
May 08, 2023 10:00 - 37 minutes - 34.2 MBCNBC is at the annual Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska, with Warren Buffett and Charlie Munger. It’s Woodstock for capitalists! An inside look at the lore and fandom that brings tens of thousands of shareholders together with Berkshire’s iconic brands and the Oracle of Omaha himself. Buffett and Munger answer shareholder questions about AI and the future of business, and Becky Quick sits down with Brooks Running CEO Jim Weber and longtime weekend attendee actress Gl...
Squawk Pod Reports: Weekend with Warren Buffett 05/06/23
May 06, 2023 10:00 - 3 minutes - 2.82 MBCNBC is at the annual Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska, with Warren Buffett and Charlie Munger. It’s Woodstock for capitalists! A rollicking, reflective, weekend celebration of ownership in one of America’s largest companies and the man who built it. 40,000-plus shareholders plus Berkshire’s iconic brands like Dairy Queen, See’s Candy, and Brooks Running descend on Omaha for a gathering that’s part festival, part trade show, part family reunion. CNBC’s Squawk Pod of...
OpenAI CEO Sam Altman: ChatGPT & Building a New World 05/05/23
May 05, 2023 16:13 - 27 minutes - 25.3 MBAfter a meeting at the White House with fellow tech CEOs, OpenAI co-founder Sam Altman discusses his effort to build a product that “works for the world as a whole.” One of the entrepreneurs behind ChatGPT, Altman explains why his “listening tour” with Operation Hope’s John Hope Bryant is important to the technology’s development. He and Bryant discuss building tech to work for people beyond Silicon Valley, and Altman responds to the now-viral letter from his co-founder Elon Musk and others,...
Another Hike, Congressional Stock Trading, & Clothing Labor in China 05/04/23
May 04, 2023 17:09 - 29 minutes - 26.7 MBThe Fed has hiked rates again. Chair Jerome Powell announced the quarter point increase and suggested a pause in the tightening cycle may be coming soon. CNBC’s Steve Liesman discusses the hike and the Fed’s response to the banking crisis. Representatives Mike Gallagher (R-WI) and Raja Krishnamoorthi (D-IL) discuss the letter from their House Select Committee on China to companies including Temu, Shein, and Nike. The two lawmakers have spearheaded a request for information from these compani...
Fed Day, Alzheimer’s Treatment, & Rep. Ro Khanna (D-CA) 05/03/23
May 03, 2023 16:34 - 30 minutes - 28.1 MBEli Lilly’s Alzheimer’s treatment donanemab proved to significantly slow progression of the disease in its latest clinical trial. Eli Lilly CEO David Ricks discusses the company’s Alzheimer’s research, treatment, and plans to apply for FDA approval as soon as this quarter. The Federal Reserve is expected to increase its benchmark interest rate Wednesday afternoon, as policy-making officials wrap up a two-day meeting. But there are plenty of strong indications the Fed may pause hikes here, es...
A Hollywood Strike, a Warning in Washington, & Uber on the Road to Profit 05/02/23
May 02, 2023 16:09 - 28 minutes - 26.5 MBIn Washington, Treasury Secretary Janet Yellen has warned that the U.S. could hit the debt ceiling by June 1st, much earlier than expected. At Uber headquarters in New York, CEO Dara Khosrowshahi discusses the company’s strong financial quarter, competition with Lyft, and his faith in Uber’s path to profitability. In Hollywood, writers have gone on strike, pushing for a fair deal from studios and delaying upcoming TV releases and production. Semafor co-founder and editor in chief Ben Smith d...
First Republic’s Failure 05/01/23
May 01, 2023 15:58 - 32 minutes - 29.3 MBIn the third bank failure since March and the second largest bank failure in U.S. history, First Republic’s assets have been seized and auctioned. JPMorgan emerged the winner of the bank bidding, taking on about $92 billion in deposits, $173 billion in loans, and $30 billion in securities. CNBC’s Leslie Picker reports the details of the deal and the failure, and former NEC Director Gary Cohn joins former SEC Chairman Jay Clayton to discuss what happened and what’s next for the U.S. financial...
Big Oil’s Record Profit with ExxonMobil CEO; Tech’s Week of Results 04/28/23
April 28, 2023 16:20 - 35 minutes - 32.7 MBExxonMobil reported record profits for its latest quarter. CEO Darren Woods discusses oil prices and how his company’s profits complicate its relationship with the White House. After a busy week of tech earnings, Joe Kernen, Becky Quick, and Andrew Ross Sorkin consider the results for tech players including Amazon, Snap, Pinterest, and Intel. Coinbase is firing back at the SEC’s Wells notice, flagging the company’s potential violations of securities law. Plus, Microsoft and Activision Blizza...
Activision Blizzard CEO & a Debt Bill ‘DOA’ 04/27/23
April 27, 2023 16:55 - 27 minutes - 25.3 MBThe day after Britain’s regulator, the UK Competition and Markets Authority, blocked Microsoft’s acquisition of Activision Blizzard, Activision CEO Bobby Kotick is on the record about his planned appeal. Britain’s decision could affect the FTC’s decision in the U.S., but Kotick says of the UK CMA, “they don’t really understand our business.” The House of Representatives has passed a bill to raise the debt ceiling, but it’s widely considered to be “dead on arrival” to the Senate. Plus, Meta r...
Big Tech’s Big AI Race & Illumina CEO’s Proxy Fight 04/26/23
April 26, 2023 16:00 - 35 minutes - 32.2 MBMicrosoft and Alphabet have reported strong financial results, but as CNBC’s Steve Kovach reports, investors were only listening for big tech’s big plans for AI. RSE Ventures co-founder and “Burn the Boats” author Matt Higgins discusses the AI strategy for all the tech giants and what’s at stake for companies that slow their innovation. Elsewhere in the AI arms race, Apple is planning an AI-powered health coach. Biotech company Illumina is fighting to keep Grail, a product that tests for can...
Investing Legend Peter Lynch & Media’s Talent Shakeup 04/25/23
April 25, 2023 16:35 - 28 minutes - 26.1 MBFamed investor Peter Lynch shares his tips for a successful portfolio. After turning Fidelity’s Magellan Fund into one of the most successful mutual funds of all time, Lynch retired in his 40s, but still invests personally, decades later. He shares his “buy what you know” philosophy, and urges investors to do their homework on the companies they’re betting on. In a whirlwind of news announcements, CNN’s Don Lemon and Fox’s Tucker Carlson are out of their respective networks. Semafor co-found...
Reports Ramp Up, Jeff Shell Steps Down, & Ethical Investing 04/24/23
April 24, 2023 16:07 - 29 minutes - 26.8 MBA colossal week for corporate earnings awaits: a third of the S&P 500 and nearly half of the Dow report quarterly results over the next 5 days. JPMorgan Asset Management global market strategist Gabriela Santos explains what we may learn about the U.S. economy through the performance of equities and considers whether a slowdown is coming. Jeff Shell, CEO of CNBC parent NBCUniversal, left his role after admitting to having an inappropriate relationship with a company employee. CNBC’s Julia Bo...
Death of the Blue Checks, Disney vs. DeSantis and CEOs Around the World 04/21/23
April 21, 2023 17:21 - 29 minutes - 26.8 MBTreasury Secretary Janet Yellen has called for a “constructive” and “healthy” relationship between the United States and China, in spite of conflicting national security interests. Former Xerox CEO Ursula Burns and West Exec Advisors co-founder Michele Flournoy discuss the fine line that corporate leaders must walk to do business globally. Twitter has finally implemented a previously announced removal of blue check marks. The change means that only paying Twitter Blue subscribers will retain...
Kevin Hart, Tesla’s Bottom Line, & A ‘Swift’ Pass on FTX 04/20/23
April 20, 2023 16:37 - 35 minutes - 32.3 MBActor, comic, investor, and entrepreneur Kevin Hart discusses his new tequila brand, Gran Coramino, with partner and CEO of Global Brand Equities, James Morrissey. Hart discusses his many ventures, including VC, vegan fast food, and entertainment. As debt ceiling negotiations heat up in Washington, members of the Problem Solvers Caucus Rep. Josh Gottheimer (D-NJ) and Rep. Brian Fitzpatrick (R-PA) emphasize the importance of finding common ground between parties and moving forward. Plus, Tesl...
Fallout for Fox, AI in the Markets, & News at Netflix 04/19/23
April 19, 2023 16:37 - 33 minutes - 31.1 MBFox Corp. has agreed to pay $787.5 million to Dominion Voting Systems to settle a defamation lawsuit over false claims that Dominion’s machines swayed the outcome of the 2020 presidential election. Tom Rogers, Gamesquare executive chairman, and Barton Crockett, Rosenblatt Securities senior analyst, discuss the fallout from Fox Corp’s defamation lawsuit settlement and the future of Fox. CNBC’s Eamon Javers also discussed the settlement with Hootan Yaghoobzadeh, co-founder of Staple Street Cap...
Apple’s Bet on India; U.S. Tensions in China & in Congress 04/18/23
April 18, 2023 16:36 - 32 minutes - 30.2 MBFresh off his own trip to Taiwan and China, New York Times foreign affairs columnist Thomas Friedman discusses the complicated cultural and financial relationship between the U.S. and China. House Minority Leader Rep. Hakeem Jeffries (D-NY) discusses the tense debt ceiling negotiations across the aisle and a timeline for a resolution. CNBC’s Steve Kovack reports on Apple, which has opened its first store in India in a shift away from China. Plus, McKinsey is paying new hires to delay their s...
Ryan Reynolds, Nuvei, & Bank Earnings Begin 04/17/23
April 17, 2023 16:14 - 37 minutes - 33.9 MBIn his latest business venture, actor, producer, and entrepreneur Ryan Reynolds has invested in fintech company Nuvei. Reynolds and his new partner Nuvei CEO Philip Fayer share how they’ll work together, and why they’re betting on fintech and on innovation in Canada. Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, discusses his next concern for the markets, as the “higher for longer” interest rate policy continues. Plus, it’s game time for the banking industr...
Fed Voting Member Austan Goolsbee & Formula One’s CEO 4/14/23
April 14, 2023 16:41 - 37 minutes - 34.2 MBPresident of the Chicago Federal Reserve Austan Goolsbee considers which economic data reveals the most about the American economy. Goolsbee discusses the Fed’s battle against inflation and the indicators of recession that he’s watching closely. Andrew Ross Sorkin sits down with Formula One CEO Stefano Domenicali, who explains the long road to building an American fanbase, starting with the Netflix show “Drive to Survive.” CNBC’s Phil LeBeau reports on Boeing’s warning about 737 Max deliveri...
Palantir CEO Alex Karp & Amazon CEO Andy Jassy 4/13/23
April 13, 2023 15:51 - 43 minutes - 39.9 MBTech entrepreneur Alex Karp discusses how AI like ChatGPT fits into Palantir’s data analytics and machine learning. At the Leadership Summit in Kiawah, the Palantir CEO weighs in on large language models, or LLMs, America’s edge in tech innovation, the Russian war in Ukraine, and threats from China–including TikTok. In Seattle, Amazon CEO Andy Jassy discusses his own generative AI and LLM project: Bedrock. In a wide-ranging interview, Jassy discusses Amazon’s growth in grocery and health car...
Warren Buffett in Japan, Part 3 4/13/23
April 13, 2023 10:00 - 53 minutes - 48.9 MBBerkshire Hathaway Chairman and CEO Warren Buffett is in Tokyo for the first time in 11 years. This special three-part series delivers Becky Quick’s full interview with the Oracle of Omaha in Japan. In the third and final part of their conversation, Buffett weighs in on artificial intelligence, his evolving views on bitcoin, and how he stays sharp at 92. (Spoiler: He’s sweet on sweets.) Joe Kernen and Andrew Ross Sorkin are stateside with plenty of questions, but not as much sugar. In t...
Warren Buffett in Japan, Part 2 4/12/23
April 12, 2023 21:00 - 50 minutes - 46.2 MBBerkshire Hathaway Chairman and CEO Warren Buffett is in Tokyo for the first time in 11 years. This special three-part series delivers Becky Quick’s full interview with the Oracle of Omaha in Japan. In Part 2, Buffett comments for the first time on the regional banking crisis, the collapse of Silicon Valley Bank, and the regulatory response. The 92-year-old reflects on Jerome Powell’s leadership at the Federal Reserve and his biggest worries, while Joe Kernen and Andrew Ross Sorkin join stat...
Warren Buffett in Japan, Part 1 4/12/23
April 12, 2023 17:48 - 57 minutes - 53.1 MBBerkshire Hathaway Chairman and CEO Warren Buffett is in Tokyo for the first time in 11 years. This special three-part series delivers Becky Quick’s full interview with the 92-year-old Oracle of Omaha and his successor Greg Abel in Japan. In Part 1, the Berkshire leaders explain their bullish case on Japan’s five largest trading houses, plus the similarities–and differences–in their leadership styles. Buffett and Abel discuss everything from basketball to the Berkshire-owned railroad, BNSF, ...
AI Arms Race with Google’s former CEO & Warren Buffett’s Stake in Japan 4/11/23
April 11, 2023 16:39 - 35 minutes - 32.6 MBEric Schmidt, Google’s former CEO and chairman, discusses the AI arms race in China and in the U.S., as well as the Future of Life Institute’s viral letter on AI, which calls for a pause on development. With an infusion of $80 billion, the IRS has big plans for taxpayers. CNBC’s Robert Frank reports on which taxpayers are likely to face a crackdown. Plus, Becky Quick is in Tokyo! Warren Buffett’s Berkshire Hathaway has raised its stakes in Japan’s five largest trading houses, and Buffett him...
David Rubenstein, Super Mario, & Mifepristone 4/10/23
April 10, 2023 16:55 - 26 minutes - 24.1 MBCarlyle Group co-founder and co-chairman David Rubenstein considers how the banking crisis of today compares to that of 2008. In a wide-ranging conversation, he discusses the latest jobs report, the tight labor market, and the Federal Reserve’s path forward. Rubenstein shares details from his upcoming new docuseries on PBS, “Iconic America.” A federal judge in Texas suspended the FDA’s approval of the abortion pill mifepristone. CNBC’s Meg Tirrell reports on the pharmaceutical response to th...
Bonus Episode: The March Jobs Report 4/7/23
April 07, 2023 14:26 - 15 minutes - 14.6 MBThe U.S. economy added 236,000 jobs in March, and the unemployment rate ticked down to 3.5%. Joe Kernen, Becky Quick, and Andrew Ross Sorkin break down the Labor Department’s latest data and what it means for investors and for the Federal Reserve’s rate hiking journey. CNBC’s Steve Liesman and Rick Santelli join SMBC Nikko Securities America Chief Economist Joe Lavorgna and former Labor Department Chief Economist Betsey Stevenson to digest the report. In this episode: Steve Liesman, @...
Weekend Movies, Tax-Fueled Movers, & “Master Plan 3” 4/6/23
April 06, 2023 16:48 - 38 minutes - 35.6 MBPresident Macron is meeting President Xi, Speaker Kevin McCarthy (R-CA) is meeting President Tsai, and CNBC’s Eunice Yoon has the pulse of Beijing through it all, on the ground in China. Stateside, high tax states like New York and California are seeing an exodus of residents due to the burden. CNBC’s Robert Frank reports on the money-fueled movers, and former Senator Judd Gregg (R-NH) debates sitting Senator Michael Gianaris (D-NY) about the tax policies and wealth disparities shifting in A...
Robots Are Coming! with Reid Hoffman 04/05/23
April 05, 2023 16:14 - 32 minutes - 30.2 MBFor better or worse, the age of AI has arrived! LinkedIn co-founder, ‘Masters of Scale’ podcaster, and OpenAI investor Reid Hoffman co-founded AI company Inflection and co-wrote a book with GPT-4; he considers public fears of the technology, calls to pause its development, and the rift between Elon Musk and OpenAI founder Sam Altman. ExxonMobil is growing its green energy business. Dan Ammann, President of ExxonMobil Low Carbon Solutions, shares how clean energy fits in with the company’s la...
“The Crisis is Not Yet Over.” Economic Warnings, Disney’s Drama, & Google Goes Lean 04/04/23
April 04, 2023 16:07 - 34 minutes - 31.4 MBJPMorgan Chase CEO Jamie Dimon delivers a direct warning in his annual letter: “The current crisis is not yet over.” Joe Kernen, Becky Quick, and Andrew Ross Sorkin digest Dimon’s commentary on the banking crisis, inflation, and energy with real estate mogul and Starwood Capital Chairman and CEO Barry Sternlicht. In a direct conversation spanning inflation, the Fed, and corporate real estate, Sternlicht warns, a recession is coming. At Disney, CEO Bob Iger has fired back at Florida Governor ...
A Match in the Ring & a Debt Limit Showdown 4/3/23
April 03, 2023 16:52 - 36 minutes - 33.4 MBUFC parent Endeavor is taking a majority stake in World Wrestling Entertainment, spinning off UFC and WWE into a new company. CNBC’s Alex Sherman, who broke the story over the weekend, discusses the many colorful characters in the new boardroom, and what’s next in streaming and scripted entertainment. Sen. Joe Manchin (D-WV) discusses the Inflation Reduction Act, U.S. deficit, and pushing for a “reasonable, responsible” middleground. Plus, OPEC is cutting oil output, in a surprise announceme...
Trump's Hush Money Indictment & Fed Inflation Gauge Cools 3/31/23
March 31, 2023 15:22 - 25 minutes - 23 MBFormer President Donald Trump has been indicted by a grand jury for hush money payments to porn star Stormy Daniels just before the 2016 election. It marks the first time a former U.S. president has been charged with a crime. CNBC’s Eamon Javers reports on Trump’s indictment and what it means for the future of the Republican party. The Fed’s key inflation gauge rose slightly less than anticipated in February, providing some hope that interest rate hikes are helping ease price increases. Jaso...
Pushing Pause on AI & Bank Failures; Who’s to Blame? 03/30/23
March 30, 2023 16:24 - 31 minutes - 29 MBHouse lawmakers tore into top U.S. bank regulators at congressional hearings this week about how Silicon Valley Bank and Signature Bank collapsed practically overnight. Daniel Tarullo, former Fed governor and Harvard Law School professor, discusses what went wrong with Silicon Valley Bank, if de-regulation had any impact on the collapse, and who is at fault. Elon Musk and dozens of other technology leaders have called on AI labs to pause the development of systems that can compete with human...
Failure to Fill: America’s Drug Shortage 03/29/23
March 29, 2023 17:47 - 24 minutes - 22.9 MBAntibiotics and generics are in short supply, and it’s affecting every demographic in the U.S. CNBC’s Senior Science & Health reporter Meg Tirrell does a deep dive into America’s prescription drug shortage. In a conversation exclusive to Squawk Pod, Tirrell explores the supply chain disruptions and market failures that are to blame for the shortage. Plus, Joe Kernen and Becky Quick digest Wall Street’s headlines: Jamie Dimon’s upcoming deposition, the Silicon Valley Bank hearings on Capitol ...
Oscar Health Handoff, Trouble Brewing for Binance, & Disney’s Cost Cuts 03/28/23
March 28, 2023 16:07 - 37 minutes - 34 MBThe CFTC has filed a complaint against Binance, alleging that the crypto exchange violated federal law. Speaker of the House Rep. Kevin McCarthy (R-CA) has sent President Biden a letter pushing for a path forward on the debt limit. In an extended interview, Speaker McCarthy discusses U.S. economic stability, the collapse of Silicon Valley Bank, and the one thing all American lawmakers seem to agree on: cracking down on TikTok. Oscar Health co-founder and CEO Mario Schlosser is handing over l...