Sign in
Business
News
CNBC
Squawk 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.
Musk’s Trial, Microsoft’s Guidance, & Mike Pompeo’s Foreign Policy Reflections 01/25/23
Tesla’s CEO is under oath this week, after shareholders sued him for his tweets in 2018. Axios business editor Dan Primack breaks down Elon Musk’s time in federal court, where he’s defending his infamous “funding secured” tweet. Primack considers Musk’s leadership and the faith his Tesla shareholders are willing to put in him. In a conversation about his new book, “Never Give an Inch,” former Secretary of State Mike Pompeo discusses Russia’s war in Ukraine and the roles of other global powers in ending it. Pompeo reflects on the foreign policy that’s gotten the United States where it is today. Plus, CNBC’s Steve Kovach reports on Microsoft’s weak guidance in its latest financial report, and Rupert Murdoch is calling off a big Fox family reunion. In this episode:Dan Primack, @danprimackSteve Kovach, @stevekovachBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkKatie Kramer, @Kramer_Katie
33:4225/01/2023
‘On the Ticket’: Swifties, Antitrust, & Amazon Rx 01/24/23
Two months after the Taylor Swift-Ticketmaster debacle, the Senate Judiciary Committee is conducting a hearing on competitiveness in the ticketing industry. Sen. Richard Blumenthal (D-CT) and Sen. Marsha Blackburn (R-TN) share their priorities during the hearing, including antitrust concerns and consumer protections. CNBC’s Bertha Coombs reports on Amazon’s new prescription offering for Prime members: RxPass. Plus, Alphabet CEO Sundar Pichai is defending Google’s massive layoffs while the Department of Justice zeroes in on the company’s dominance in ‘search.’ In this episode:Marsha Blackburn, @MarshaBlackburnRichard Blumenthal, @SenBlumenthalBertha Coombs @berthacoombsBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
21:3424/01/2023
Haircuts in Tech, Activists at Salesforce, & Debt Ceiling Drama in DC 01/23/23
Congress is working to find a bipartisan path to averting a debt default; the U.S. has hit its borrowing cap of $31.4T, and it’s up to lawmakers to raise the debt ceiling or find another solution before the Treasury Department’s “extraordinary measures” run out in the summer, and the United States cannot pay its bills. PIMCO Head of Public Policy Libby Cantrill discusses the standoff in Congress and compares today’s debt ceiling drama with the standoffs in previous years. Tech companies have announced layoffs en masse, and Gene Munster of Deepwater Asset Management (formerly Loup) says the workforce cuts are still underway. Plus, activist investors are reportedly taking stakes in Salesforce, which could signal big changes ahead for the tech company. In this episode:Gene Munster: @munster_geneBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY
29:3423/01/2023
Squawk Pod Reports from Davos: Moderna’s Stephane Bancel 01/21/23
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are at the World Economic Forum in Davos, Switzerland, where they’re speaking with Moderna CEO Stephane Bancel. Three years after the first case of Covid-19 was detected in the United States, Bancel recalls the journey to vaccinating the global public, and Moderna’s newest vaccine trials for RSV.In this episode:Stephane Bancel, @moderna_txBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY
13:5921/01/2023
Squawk Pod Reports from Davos: will.i.am 01/20/23
In a special episode of Squawk Pod, Andrew Ross Sorkin is at the World Economic Forum in Davos, Switzerland, where he spoke with philanthropist and 7-time Grammy-winning entertainer will.i.am. As founder of the i.am.angel Foundation, will.i.am is advocating for more STEAM education in the form of extra-curricular activities, tutoring and dedicated preparatory schools for at-risk youth. A creative who believes in the power of AI, will.i.am discusses ChatGPT’s value for creators, the power of social media, and the importance of encouraging young students to pursue science, tech, engineering, and math. It’s his 8th trip to the World Economic Forum, and he says 2023’s convention has the most diversity and best vibe yet.In this episode:will.i.am, @iamwillAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY
19:1420/01/2023
Squawk Pod Reports from Davos: JPMorgan’s Jamie Dimon 01/20/23
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are at the World Economic Forum in Davos, Switzerland, where they’re speaking with JPMorgan CEO Jamie Dimon. Dimon explains why he’s going back on his May 2022 warning of a “hurricane” heading for U.S. markets. In an extended interview in the Alps, Dimon discusses the Fed’s path forward, his own recessionary outlook, the “waste of time” that are bitcoin discussions, and the biggest risks to the global economy. In this episode:Becky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY
21:3320/01/2023
Squawk Pod Reports from Davos: Chef José Andrés 01/19/23
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are at the World Economic Forum in Davos, Switzerland, where they’re speaking with chef, restaurateur, and humanitarian, José Andrés. As founder of World Central Kitchen, Andrés discusses on-the-ground food relief in areas hit by extreme weather and war, including his work with local chefs in Ukraine. The pandemic and the war have put pressure on an already strained global food system; for Andrés, helping Ukrainians means preparing them for success long after humanitarian aid ceases, and easing strain on the other countries that rely on its grain exports. In this episode:José Andrés, @chefjoseandresBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY
12:3119/01/2023
Squawk Pod Reports from Davos: General Atlantic’s Bill Ford 01/19/23
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are at the World Economic Forum in Davos, Switzerland, where they’re speaking with General Atlantic Chairman and CEO Bill Ford. With $72B under management, General Atlantic has deployed $55B into nearly 500 companies, including Uber, Airbnb, Etsy, Mobileye, Chime, and TikTok parent ByteDance. Ford discusses tech opportunities, innovation, and entrepreneurship in China, India, and Southeast Asia, and the tech sector’s rough 2022. In this episode:Becky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY
13:5819/01/2023
Squawk Pod Reports from Davos: Uber’s Dara Kosrowshahi 01/18/23
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are at the World Economic Forum in Davos, Switzerland, where they’re speaking with Uber CEO Dara Khosrowshahi about this year’s theme: Cooperation in a Fragmented World. Since Russia’s war in Ukraine broke out, Ukrainians have relied heavily on the global private sector, including Uber. In the 11 months of the war so far, Uber has expanded its service footprint throughout the country, provided free rides to aid workers, doctors, and refugees, and transported supplies, food, and shelter in partnership with the United Nations. Khosrowshahi discusses the responsibility of tech companies during a crisis, as well as the impact of global economic and political pressures on his company’s bottom line. Plus, he shares tipping etiquette and his own track record behind the wheel in San Francisco. In this episode:Dara Khosrowshahi, @dkhosBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY
13:0218/01/2023
Squawk Pod Reports from Davos: Blackstone’s Steve Schwarzman 01/18/23
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are at the World Economic Forum in Davos, Switzerland, where they’re speaking with Blackstone CEO Steve Schwarzman. A billionaire businessman, GOP donor, and China optimist, Schwarzman discusses what the end of China’s zero-covid policy means for its economic recovery and the global supply chain. Plus, after three years of lockdowns, Chinese leaders are convening with the rest of the world’s leaders at this year’s WEF; Schwarzman offers his perspective on how the Chinese view the U.S., and how domestic issues factor into each country’s respective geopolitics. In this episode:Becky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY
16:4318/01/2023
Squawk Pod Reports from Davos: Bank of America’s Brian Moynihan 01/17/23
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are at the World Economic Forum in Davos, Switzerland, where they’re speaking with Bank of America CEO Brian Moynihan. In their first winter WEF interview in three years, the anchors ask Moynihan about his economic recession forecast, his outlook on blockchain opportunities, and how the Federal Reserve should rebalance the U.S. economy. In this episode:Becky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY
17:3117/01/2023
Crypto’s Crunch, Tesla’s Pricetags, and Tim Cook’s Cut 01/13/23
The SEC has charged crypto lender Genesis and crypto exchange Gemini with allegedly selling unregistered securities. Former SEC enforcer Lisa Braganca discusses the $900m customer funds currently in the balance and what the regulators are hoping to achieve. Now that the House Republicans have a majority, former House Majority Leader Eric Cantor discusses the GOP’s agenda, both in Congress and in the upcoming race for President. Plus, Tesla is cutting prices, and Apple CEO Tim Cook is taking a pay cut. In this episode:Lisa Braganca, @LisaBragancaEric Cantor, @EricCantorBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY
28:4313/01/2023
The Case for ChatGPT, Disney’s Latest Drama, & Inflation Data Digest 01/12/23
ChatGPT is an AI tool that’s taken educators by storm, and some are calling for a ban. Yale lecturer and journalist Joanne Lipman argues to keep it in classrooms, and she considers the various historical innovations that once concerned academics–from calculators to Google. Activist investor Nelson Peltz is aiming for a seat on Disney’s board, but the company is opposed and gearing up for a proxy fight. Disney has also named a new chairman of the board, and amid all the drama, the company has not yet explained its recent CEO swap from Bob Iger to Bob Chapek and back again. New York Times columnist and “Disney War” author James Stewart unpacks all the drama at the House of Mouse. In the Labor Department’s latest report, the consumer price index fell month over month for the first time since April of 2020. It’s a sign that inflation could be moderating, but the Federal Reserve doesn’t meet to discuss interest rate hike policy until February. Plus, Tesla’s plant in China is stalled, and Starbucks is calling corporate employees back to the office. In this episode:Joanne Lipman, @joannelipmanJames Stewart, @JamesStewartNYTBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY
29:4412/01/2023
Troubles on the Tarmac & Changes in the WWE Ring 01/11/23
The FAA suffered a computer outage, grounding and delaying thousands of flights across the country. CNBC’s Phil LeBeau discusses the ripple effects of the outage and the ongoing modernization of the airline industry. As the dust settles on the GOP’s hold in Congress, New Hampshire Governor Chris Sununu discusses what’s next for the Republican Party. He addresses revisions to the U.S. tax code, efforts to limit big government, and rumors that he is considering a run for President. Plus, FTX is headed back to bankruptcy court, and World Wrestling Entertainment is reinstating its former CEO, despite his retirement amid allegations of sexual assault. In this episode:Chris Sununu, @GovChrisSununuPhil Lebeau, @LebeaucarnewsBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinZach Vallese, @zachvallese
31:1411/01/2023
The Just 100 with Paul Tudor Jones & T Mobile CEO Mike Sievert 01/10/23
The Just 100 2023 list is out! The list ranks America’s largest publicly traded companies based on corporate behaviors including worker wellness, governance, diversity, and environmental impact. T Mobile CEO Mike Sievert discusses his company’s #20 ranking, and explains how “just” practices are financial, rather than political. Just Capital cofounder and investor Paul Tudor Jones discusses the ranking methodology, and addresses “woke capitalism,” and corporate virtue signaling. Tudor Jones also discusses the Federal Reserve’s efforts to manage inflation. Just Capital’s founding CEO Martin Whittaker offers a podcast-exclusive explanation of the list and its philosophy. Plus, the GOP is centering Republican constituents as it settles into House leadership, and reinstated Disney CEO Bob Iger warns employees not to settle into a work-from-home habit. In this episode:Paul Tudor Jones, @ptj_officialMike Sievert, @MikeSievertBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
31:2910/01/2023
Flo Rida & Celsius, McCarthy & the House, Wages & the Fed 01/09/23
Rapper Flo Rida is speaking out about his lawsuit against energy drink company Celsius. After a successful partnership, Flo alleges the company breached his endorsement contract. In an interview alongside his attorney John Uustal, Flo Rida explains the value his own brand lent to Celsius, and why, despite the lawsuit, he’s still drinking the product on stage. After a December jobs report buoyed the markets, investors wonder whether the Federal Reserve will slow rate hikes. White House economist Heather Boushey explains the administration’s take on potential recession and President Biden’s plans to ease economic pains for Americans. Plus, the Rep. Kevin McCarthy (R-CA) finally locked his new job as Speaker of the House, and Salesforce is the latest tech company with a round of layoffs. In this episode:Flo Rida, @official_floHeather Boushey, @hboushey46Becky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
36:5109/01/2023
Non Competes & A Stalemate for Speaker 1/6/23
The Federal Trade Commission has proposed a rule to eliminate employee non compete clauses in contracts, claiming the practice stifles innovation and entrepreneurship. In a rare interview, FTC Chair Lina Khan explains the proposal, the economics, and the workers that stand to benefit. As the Republican congressional stalemate continues, Rep. Kevin McCarthy (R-CA) stands resolute in his pitch for Speaker of the House. Plus, Bed Bath & Beyond’s stock may be beyond help, and it’s another Squawk celebration: happy birthday, Joe Kernen! In this episode:Lina Khan, @linakhanFTCBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
26:2706/01/2023
Congressional Chaos & Holiday Debt 01/05/23
The House of Representatives faces another day without a Speaker. Members of the Problem Solvers Caucus Rep. Josh Gottheimer (D-NJ) and Rep Nicole Malliotakis (R-NY) discuss the GOP’s messy stalemate and the bipartisan goals still ahead for Congress. This season’s gifts and travel expenses have upped consumer debt; CNBC’s senior personal finance correspondent Sharon Epperson reports on the holiday’s hefty price tags for American consumers–as well as tips for paying them off. Plus, Amazon’s weathering another round of layoffs, and the EU is asking travelers from China to take Covid tests before arrival. In this episode:Josh Gottheimer, @RepJoshGNicole Malliotakis, @RepMalliotakisYlan Mui, @ylanmuiSharon Epperson, @Sharon_EppersonBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkCameron Costa, @CameronCostaNY
28:2205/01/2023
The Art of Fraud: True Crime Director Joe Berlinger & Former SEC Chair Jay Clayton 01/04/23
Sam Bankman-Fried has pleaded ‘not guilty’ to multiple charges against him, including securities fraud and money laundering. Netflix’s new docuseries, “Madoff: The Monster of Wall Street” starts streaming today, and director Joe Berlinger says he sees parallels between today’s fallen crypto king Sam Bankman-Fried and “sociopath” Bernie Madoff in the nineties. The true crime director discusses revealing never-before-seen footage of Madoff’s deposition in 2016, and considers history’s cycle of fraud. Former SEC Chair Jay Clayton weighs in too, saying he considers SBF’s crimes–if he’s convicted of them–to be the same caliber of Madoff’s. Plus, Washington is poised for another tough day for Rep. Kevin McCarthy in his battle for House Speaker, and Apple stock is taking a hit, but the company still has big plans for the metaverse. In this episode:Joe Berlinger, @joeberlingerBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY
34:0404/01/2023
Tensions in the GOP, China’s Public Health, & Bill Ackman: Not-So-Sweet on Soda 01/03/23
In this episode:Becky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
31:1303/01/2023
David Zaslav: Media Mogul 12/30/22
In a highlight of 2022, Warner Brothers Discovery CEO David Zaslav described his hopes for the future of the merged media company when he joined Joe Kernen and Becky for his first interview following the close of the $43 billion transaction. In May, Zaslav was optimistic about the outlook for a content company with offerings spanning home decor, food, classic movies, news and more. Plus, what really happened at the demise of CNN+.Happy New Year, Squawk Pod listeners! In this episode: Becky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
21:5130/12/2022
Cathie Wood: Doubling Down on Disruption 12/29/22
ARK Invest CEO Cathie Wood is famous for her bold bets on disruptive technology stocks, like Tesla, Zoom, and Roku. But, like those tech stocks, her flagship fund’s performance is down over 60% year-to-date. Even still, she’s reeling in more money from her retail trader, Reddit-enthusiast clients. In an interview recorded in late June, Wood explains her tech-focused strategy in the face of the Fed’s inflation battle. In her view, the U.S. economy is in a recession. In this episode:Cathie Wood, @CathieDWoodBecky Quick @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
18:5529/12/2022
Alex Karp: “Software Plus Heroism Can Really Slay the Giant” 12/28/22
The Russian invasion of Ukraine has been a key story on the global stage in 2022. In a conversation recorded in September, Palantir CEO Alex Karp tells Andrew Ross Sorkin and Becky Quick that modern warfare has been forever changed by this conflict. Palantir is a developer of data analysis software that went public via a direct listing in September 2020 after nearly two decades as a private company; Karp shares insight into how digital analytics has prevented a full-scale takeover of sovereign Ukraine.
18:1328/12/2022
How to Invest with David Rubenstein 12/27/22
In a highlight of 2022, investor and private equity legend David Rubenstein, co-founder of the Carlyle Group, shared what he learned from some of the world’s most successful investors. One hint – it’s not a 9 to 5 job. Rubenstein details the habits and strategies of managers like Ray Dalio, Ron Baron, Mary Erdoes, John Paulson and many more in book, “How to Invest: Masters on the Craft.” In this conversation from September 2022, Rubenstein tells Becky Quick and Melissa Lee his thoughts on the Fed’s aggressive rate-raising policy, his best investing ideas and what he thinks about America’s relationships around the world.
28:2127/12/2022
The Christmas Track: Justin Bieber & Santa’s Journey 12/23/22
Severe winter weather is cause for canceling thousands of flights across the U.S. and delaying package delivery in the last days before Christmas. But, one flight is guaranteed to have no problem taking off – Rear Admiral Daniel Cheever of the North American Aerospace Defense Command (NORAD) reassures Joe Kernen and Becky Quick that Santa Claus will continue his flawless record of clean departures from the North Pole. Justin Bieber is close to securing a $200 million deal for his publishing and recorded music rights – at age 28! Jon Fortt takes a look at both sides of the argument for the Belieber legacy. Plus, Elon Musk hits pause on selling his shares of Tesla, Sam Bankman-Fried is free on bail, and Congress secures a $1.7 trillion funding deal hours before the holiday recess – averting a government shutdown. Merry Christmas to our listeners! Track Santa’s Christmas Eve flight status: https://www.noradsanta.orgIn this episode:Jon Fortt, @jonforttBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkKatie Kramer, @Kramer_Katie
25:1923/12/2022
David Tepper’s Market Take 12/22/22
Ukrainian President Volodymyr Zelenskyy addressed a joint session of Congress in his first trip abroad since the start of Russia’s war in his country. CNBC’s Kayla Tausche recaps his U.S. visit and his speech to lawmakers, during which he appealed for more military support. FTX founder Sam Bankman-Fried is officially back on American soil preparing for his time in court, and two of his former colleagues have already pleaded guilty to fraud. Appaloosa Management Founder and President David Tepper shares his latest portfolio plays in a rare extended interview. The billionaire hedge funder explains why he’s short on equities, short on bonds, and trusting global central banks to keep to their word on raising rates. In this episode:Kayla Tausche, @kaylatauscheMacKenzie Sigalos, @KenzieSigalosBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkKatie Kramer, @Kramer_Katie
44:4122/12/2022
Weather Pains: Holiday Flights & Cold Season Supplies 12/21/22
As cold, Covid, and RSV season wears on, many pharmacy aisles have been picked clean by consumers. Former FDA Commissioner Dr. Scott Gottlieb explains the medicine shortage, suggesting it’s temporary. Also under the weather: airports! Airlines are bracing for mass cancellations and delays this holiday, but The Points Guy Brian Kelly has tips for holiday travelers taking on the country’s wild weather this week. Among the millions traveling this holiday week are Ukraine’s President Vladimir Zelenskyy, en route to the White House, and FTX founder Sam Bankman-Fried, out of Bahamian prison. Plus, CNBC’s Sharon Epperson unpacks America’s layoff worries and workplace happiness. In this episode:Dr. Scott Gottlieb, @ScottGottliebMDBrian Kelly, @thepointsguySharon Epperson, @Sharon_EppersonBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkKatie Kramer, @Kramer_Katie
23:2421/12/2022
The Japanese Bond Bombshell & SBF’s Bahamian Exit 12/20/22
The Bank of Japan shocked global economists with a tweak to its yield curve control policy, doubling the cap on 10-year treasury yields. Joe Kenen and Becky Quick discuss the implications for markets around the world. FTX founder Sam Bankman-Fried has agreed to extradition, so he’s headed from Bahamian prison to American courts. Former SEC lawyer and currently a financial defense attorney for Dickinson Wright Jacob Frenkel discusses the next steps and legal options for the disgraced crypto king. Netflix and chill season is underway, but Paramount Media President Chris McCarthy is confident in his own platform’s appeal to streamers. He discusses all Paramount+ offerings, but he avoids spoilers, don’t worry! Plus, 3M is making a manufacturing decision with human health in mind, and Ylan Mui reports on lawmakers pushing for a spending bill to avert a government shutdown. In this episode:Jacob Frenkel, @jacob_frenkelYlan Mui, @ylanmuiBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkCameron Costa, @CameronCostaNY
30:5120/12/2022
A Poll that Popped Tesla & Data that Pushes the Fed 12/19/22
China has ended its zero-Covid policy, but the government’s data on virus spread there is widely regarded as unreliable. Member of the Council on Foreign Relations Michelle Caruso-Cabrera discusses the geopolitical sea-change underway, as economists await an economic slowdown in China. Another pivotal shift in the works: the Federal Reserve’s commitment to raising interest rates. Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, Cambridge, issues a warning to the Fed and investors worldwide. Plus, Elon Musk polled Twitter, asking whether he should resign as CEO. When the poll closed, users had voted for his resignation from Twitter; while Elon tweeted that he would abide by the results, no official announcements have been made. Loup founder and tech analyst Gene Munster explains why Tesla shareholders were optimistic on the news. In this episode:Michelle Caruso-Cabrera @MCaruso_CabreraMohamed El-Erian @elerianmGene Munster: @munster_geneBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkKatie Kramer, @Kramer_Katie
31:1619/12/2022
Kevin O’Leary’s Defense: Clawbacks & VC Failures 12/16/22
In the continuing FTX saga, the main characters in the soap opera are now at odds: FTX’s disgraced founder Sam Bankman-Fried, Changpeng Zhao of FTX rival Binance, and one of FTX’s investors/spokespeople: Shark Tank investor Kevin O’Leary. The venture capitalist discusses his testimony before the Senate and addresses CZ’s accusation that O’Leary lied to the public. Joe Kernen, Becky Quick, and Andrew Ross Sorkin question O’Leary and his investing judgment as pressure mounts from FTX users who lost money because they trusted the Shark’s endorsement. In this episode: Kevin O’Leary, @kevinolearytvBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
31:3316/12/2022
Crypto Contagion with Binance CEO CZ 12/15/22
In its latest effort to fight inflation, the Federal Reserve has raised interest rates half a point to the highest level in 15 years, but CNBC’s Steve Liesman explains why the markets have reacted poorly. As Wall Street and Washington digest the Capitol Hill hearings on the FTX collapse, the CEO of rival crypto exchange Binance assures investors, “We are financially strong.” Changpeng Zhao “CZ” addresses concerns that his platform is also at risk of liquidity issues, discussing crypto contagion and his own role in the FTX drama. Plus, cheers to the holiday season! Joe Kernen, Becky Quick, and Andrew Ross Sorkin are excited for their shopping–and their festive beverages. In this episode:CZ, @cz_binanceSteve Liesman @SteveliesmanBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
41:0615/12/2022
Twitter’s ‘Mistakes,’ Tesla’s Slide, & Delta’s CEO Ed Bastian 12/14/22
Since Elon Musk took over Twitter, Tesla’s stock has suffered a slide. Former Twitter CEO Jack Dorsey is speaking out about his own experience leading the social media company; Joe Kernen, Becky Quick, and Andrew Ross Sorkin consider the tricky cocktail of leadership, moderation, and innovation that Twitter demands from its executives, and whether the strain on Tesla is fleeting. FTX founder Sam Bankman-Fried is in custody in the Bahamas, and CNBC’s Kate Rooney reports on what’s next for the bankrupt exchange and its former CEO. Rival crypto exchange Binance is under scrutiny as Wall Street and regulators await the next crypto domino to fall in the FTX fallout. Plus, after a difficult two years, airlines are profitable and surging. Delta CEO Ed Bastian discusses raising Delta’s financial guidance for the years and quarters ahead, as well as the long-awaited contract deal with Delta pilots. In this episode:Ed Bastian, @DeltaKate Rooney, @Kr00neyBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
31:5514/12/2022
Sam Bankman-Fried’s House of (Crypto) Cards 12/13/22
FTX founder Sam Bankman-Fried was arrested by Bahamian authorities Monday evening, setting the stage for extradition and U.S. trial for the one-time crypto billionaire at the heart of the crypto exchange’s collapse. Before his arrest was announced, Bankman-Fried had been expected to testify virtually before the House Financial Services Committee today, but his attorneys told CNBC that he will not appear. Joe Kernen, Becky Quick, and Andrew Ross Sorkin discuss the charges of wire fraud, securities fraud, commodities fraud, and money laundering that face Sam Bankman-Fried. Plus, Moderna and Merck have been developing an experimental cancer vaccine that leverages mRNA technology to target melanoma. In a mid stage trial, the vaccine cut recurrence by 44%; Moderna CEO Stéphane Bancel outlines how the company is working with regulators for accelerated approval.In this episode:Stéphane Bancel, @moderna_txBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
32:3813/12/2022
The Tee-Up: FTX Hearings, A Fed Decision, & New Inflation Data 12/12/22
It’s a big week for Wall Street! Investors await the Congressional hearings on FTX’s collapse, the Federal Reserve’s next decision on interest rates and the U.S. Bureau of Labor Statistics’ latest inflation data. Ahead of the consumer price index report, White House economist Heather Boushey discusses President Biden’s focus on clean energy, American manufacturing, and the U.S. labor market. As investors brace for testimony from disgraced FTX founder Sam Bankman-Fried, former SEC Chairman Jay Clayton considers what SBF will say to Congress and how he will excuse the leadership that prompted a collapse in crypto. SBF owes money to investors, shareholders, and even Jimmy Buffett, who’s still waiting on SBF’s team’s $55,000 Margaritaville bill. Plus, Twitter is relaunching Twitter Blue (for a higher fee). In this episode:Heather Boushey, @hboushey46Becky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
36:4012/12/2022
Squawk Pod Reports: Raytheon’s Greg Hayes
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are in Washington, D.C. for the annual Business Roundtable meeting, speaking with Raytheon Technologies CEO Greg Hayes. In a conversation exclusive to CNBC, Hayes discusses Raytheon’s $1.2B Pentagon contract for missiles in Ukraine, as well as the other defense technology the U.S. provides in Ukraine and other warzones. As CEO of one of the world’s largest aerospace and defense contractors, Hayes considers how changes to the U.S. tax code could spur more domestic innovation. In this episode:Becky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY
12:3412/12/2022
Off-Label Ozempic, More ‘Twitter Files,’ & Amazon’s Foray into Social 12/09/22
Diabetes drug Ozempic has appealed to celebrities and influencers seeking weight loss, and the pharmaceutical “diet” is riding a TikTok, Twitter, and Instagram wave. Former FDA Commissioner Dr. Scott Gottlieb says, while it may be effective for some, the risks and side effects could be more likely in patients taking it off-label. The ‘Twitter Files’ saga continues, as more internal documents from the social media platform emerge publicly. Representative Ro Khanna (D-CA) addresses the next steps for regulating tech and Sam Bankman-Fried’s decision to testify at FTX’s upcoming hearing. Plus, Amazon has launched a TikTok-style feed of content, Arizona Senator Kyrsten Sinema is leaving the Democratic Party to become Independent, and pet-owners are pushing Chewy’s stock higher. In this episode:Scott Gottlieb @ScottGottliebMDRo Khanna @RoKhannaBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
32:0709/12/2022
Squawk Pod Reports: United Airlines’ Scott Kirby
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are in Washington, D.C. for the annual Business Roundtable meeting, speaking with United Airlines CEO Scott Kirby. In a conversation exclusive to CNBC, Kirby breaks down his expectations for travel amid the possibility of an economic slowdown. Kirby also weighs in on contract negotiations with labor unions and more. In this episode:Scott Kirby, @unitedBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
10:2409/12/2022
FTX Former Spokesman Kevin O’Leary on Losing His $15m Payout 12/08/22
In the wake of the FTX fiasco and all the crypto damage that accompanied it, Wall Street and Main Street are demanding answers from the man behind it all, Sam Bankman-Fried, and the investors that helped prop up his faulty business. Venture capitalist, Shark Tank investor, and co-host of Money Court Kevin O’Leary took an equity stake in the business and became a spokesperson for the now-bankrupt FTX, but today, he admits that he and his fellow investors made a mistake. Joe Kernen, Becky Quick, and Andrew Ross Sorkin ask O’Leary about his due diligence practices for investments, and Mr. Wonderful details his most recent conversation with former FTX CEO SBF in an attempt to find the millions that have gone missing.. Plus, WNBA star Brittney Griner has been released from Russian prison, China is deciding between two risky Covid-policy options, and Salesforce CEO Marc Benioff has split with another co-chief executive, raising questions about the leadership tension in the “cloud.” In this episode:Kevin O’Leary, @kevinolearytvBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
30:5008/12/2022
Squawk Pod Reports: Walmart’s Doug McMillon
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are in Washington, D.C. for the annual Business Roundtable meeting, speaking with Walmart CEO Doug McMillon. For 50 years, the BRT has represented the CEOs of America’s biggest companies, pushing for U.S. competitiveness and economic growth. In a conversation exclusive to CNBC, CEO of the nation’s largest retailer and largest employer (next to the federal government), discusses the pressures on American consumers this holiday, rising wages, and the road ahead for the American economy. In this episode:Becky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
15:5708/12/2022
Sports Bets & Billionaires with Fanatics CEO; Blackrock in a Hard Place 12/07/22
Sports merchandising and betting giant Fanatics has closed yet another round of private financing, bumping the unicorn up to a $31 billion valuation. CEO Michael Rubin discusses his company’s long road to a public listing, the consumer’s appetite for holiday shopping, and his plans for his burgeoning betting business. Plus, the billionaire explains his decision to sell his stake in the 76ers. In other sports news, Aaron Judge is staying with the New York Yankees, for a cool $360 million. Plus, China is easing its zero-Covid policy, Senator Raphael Warnock (D-GA) has emerged victorious in the Georgia runoff, and the world’s largest asset manager Blackrock is facing accusations of hypocrisy from an activist investor. In this episode:Michael Rubin, @michaelrubinBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
30:0107/12/2022
Squawk Pod Reports: General Motors’ Mary Barra
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are in Washington, D.C. for the annual Business Roundtable meeting, speaking with General Motors CEO Mary Barra. For 50 years, the BRT has represented the CEOs of America’s biggest companies, pushing for U.S. competitiveness and economic growth. In a conversation exclusive to CNBC, Mary Barra, head of one of America’s most iconic automakers, discusses the risks facing her business and the American economy, including supply chain squeezes, electric vehicle supply and production, and shifting consumer demand. Record date: 12/6/22. In this episode:Mary Barra, @mtbarraBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY
13:1807/12/2022
Squawk Pod Reports: JPMorgan’s Jamie Dimon
In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are in Washington, D.C. for the annual Business Roundtable meeting, speaking with JPMorgan Chase CEO Jamie Dimon. For 50 years, the BRT has represented the CEOs of America’s biggest companies, pushing for U.S. competitiveness and economic growth. This year, Jamie Dimon, CEO of the nation’s largest bank and head of over 250,000 employees, discusses the evolution of corporate responsibility, the risks of a global recession, and the Fed’s path out of inflation in an interview exclusive to CNBC. In this episode:Becky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
24:1206/12/2022
Twitter Files, China’s Covid-Easing, & Holiday Season Soirees 12/05/22
Twitter is welcoming back some of its advertisers in the wake of the ‘Twitter files.’ Reports detail Twitter’s decision to censor a New York Post article on Hunter Biden ahead of the 2020 presidential elections, although CNBC has not seen or verified those reports. Jonathan Greenblatt, CEO and national director of the Anti-Defamation League, discusses the Twitter files, Elon Musk’s leadership at the platform, and how leaders can maintain a town square without discrimination. CNBC’s Brian Sullivan reports on the OPEC+ decision not to change oil production targets and the EU’s price cap on Russian oil. Chinese cities are signaling a slight easing in Covid policy. Local state media reports some people who tested positive for Covid-19 in Beijing might now be allowed to quarantine at home instead of being sent to a centralized facility. Plus, CNBC’s Sharon Epperson reports on the office parties staging a comeback this holiday season. In this episode:Jonathan Greenblatt, @JGreenblattADLSharon Epperson, @Sharon_EppersonBrian Sullivan, @SullyCNBCBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY
32:5005/12/2022
Energy Boost: Chevron CEO & U.S. Labor 12/02/22
The U.S. economy added 263,000 jobs in November, surpassing estimates despite the Federal Reserve’s aggressive efforts to curb inflation. Average hourly earnings also rose month-over-month, which is good news for workers, but bad news for the Fed’s plan to slow interest rate hikes. Ahead of OPEC+ meeting this weekend and the EU’s looming ban on Russian oil imports, Chevron CEO Michael Wirth discusses the global energy landscape, Chevron’s new license to boost Venezuelan oil production, and working with the Biden administration on energy goals. The Senate voted to pass a labor deal, averting a nationwide railroad worker strike but failing to secure the workers the guaranteed paid sick leave that their unions were hoping for. Plus, Kanye West is suspended from Twitter, and Floridian lawmakers are mending fences with Disney. In this episode:Mike Wirth @ChevronBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY
30:4302/12/2022
FTX Founder Sam Bankman-Fried: “I’ve had a bad month” 12/01/22
In his first public appearance since the collapse of the crypto exchange he founded, disgraced former FTX head Sam Bankman-Fried spoke to Andrew Ross Sorkin at The New York Times DealBook Summit. Andrew recaps the highlights of his extended conversation with the former “crypto king” with Joe Kernen and Becky Quick, and considers whether his remorse for the damage he’s caused is genuine. In a remarkably candid conversation, Bankman-Fried admits to messing up, and attempts to clear the air on what went wrong at his crypto exchange. More than 100,000 railroad workers seeking guaranteed paid sick leave are on the brink of a strike, and the unions, freight carriers, and US government are working on an agreement to avert a crisis. U.S. Secretary of Transportation Pete Buttigieg explains why a railroad shutdown could spell a logistical disaster for the country, ahead of the Senate’s vote on a rail labor deal. Plus, Fed Chair Jay Powell has signaled that a slowdown to rate hikes might start soon! CNBC’s Steve Liesman parses through the Fed speak and what it means for inflation nationwide. In this episode:Sam Bankman-Fried, @SBF_FTXPete Buttigieg: @SecretaryPeteSteve Liesman @SteveliesmanBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY
37:1101/12/2022
CNBC Special: One-on-One with Sam Bankman-Fried 11/30/22
CNBC’s Andrew Ross Sorkin in a one-on-one conversation with former FTX CEO Sam Bankman-Fried at The New York Times DealBook Summit.
01:09:3330/11/2022
‘How to Build a Happy Life’? Avoid Twitter Turmoil 11/30/22
Elon Musk’s tweets at Tim Cook have renewed conversations about finding common ground in an increasingly polarized public discourse. Host of “How to Build a Happy Life” Arthur Brooks urges American business leaders to stay out of the country’s culture war, and he warns against going down Musk’s Twitter rabbithole. In Washington, President Biden and lawmakers are working to avoid a railroad union strike. Plus, China is still in the throes of unrest, and Andrew Ross Sorkin is gearing up for a big interview with embattled FTX founder Sam Bankman-Fried at The New York Times DealBook Summit. In this episode:Arthur Brooks, @arthurbrooksBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY
26:0930/11/2022
Porch Pirates & Glitter Bombs with YouTuber Mark Rober 11/29/22
With about 3 billion views on his channel, YouTuber Mark Rober is onto something with his science and engineering videos for kids. He explains the geek hidden in the goofy, and why subscribers–kids and adults–keep on clicking. Rober shares how he brings his NASA engineering background to kids' education, and one superfan hosts a Q&A with the STEM influencer in a conversation exclusive to Squawk Pod. Becky’s son Kyle asks questions like only a dedicated fan can. Plus, after a week of unrest across China, CNBC’s Eunice Yoon reports from Beijing that the CCP might consider an exit from its ‘zero-covid’ policy. FTX’s crumble has yet another casualty: digital lender BlockFi, the latest crypto company to file for bankruptcy. Carson Block, founder of due diligence investment firm Muddy Waters Research, comments on the unstable foundation of leverage in the industry. In this episode:Mark Rober, @MarkRoberCarson Block, @muddywatersreEunice Yoon @onlyyoontvJoe Kernen, @JoeSquawkBecky Quick @BeckyQuickZach Vallese, @zachvallese
36:1729/11/2022
Zero-Covid’s Tipping Point: Unrest Across China 11/28/22
Protesters across China are risking their own safety and freedom to push back against President Xi Jinping and his ‘zero-covid’ policy. CNBC’s Beijing Bureau Chief Eunice Yoon reports from Beijing, one of the country’s many locations of unrest, on the activist risks, the student-strong upheaval, and how watching the World Cup pushed many Chinese citizens to speak out. Global event-driven investor Kyle Bass, CIO of Hayman Capital Management, discusses the unrest and its impact on companies caught in the thick of it–like Apple. Plus, in the wake of Thanksgiving, airlines suffered some turbulence, and Disney saw mixed results at the box office. Get out your popcorn; the House of Mouse is bracing for Bob (the first) Iger, back in the CEO saddle. In this episode:Kyle Bass, @JkylebassEunice Yoon @onlyyoontvJoe Kernen, @JoeSquawkBecky Quick @BeckyQuickCameron Costa, @CameronCostaNY
33:0528/11/2022
The Retail Details: Supply, Demand, & Holiday Pressures 11/25/22
It’s Black Friday! Retailers are ready for a weekend of holiday shoppers–both in store and online. CNBC’s Bertha Coombs reports on the brick-and-mortar shoppers, and former Macy’s President, CEO, and Chairman Terry Lundgren explains the consumer appetite for spending, even in such a pinched economic environment. Overseas, CNBC’s Eunice Yoon has the supply chain side of the retail story; she reports on Beijing’s “zero-Covid” policy and the protests that have broken out at Foxconn’s iPhone plant in Zhengzhou, China. Plus, Warren Buffett’s made some large donations in the holiday spirit, crypto exchange Binance is looking to lift the entire industry after its rival FTX prompted a sector-wide meltdown, and Elon Musk is rethinking the relaunch of Twitter Blue. In this episode: Steve Liesman @SteveliesmanBecky Quick @BeckyQuickBertha Coombs @berthacoombsEunice Yoon:@onlyyoontvAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
33:0625/11/2022