Merck and Ridgeback Biotherapeutics have developed a therapeutic pill for Covid that reduces the risk of hospitalization or death by around 50% for patients with mild or moderate cases. CNBC’s Meg Tirrell reports that Merck hopes for emergency use authorization after “compelling results” in trials. Dr. Scott Gottlieb, former FDA commissioner, also discusses Merck’s late-stage data and says it’s a ‘profound game changer’ . Billionaire investor Marc Lasry has resigned as chairman of Ozy Media, jus...
Oct 01, 2021•30 min
Congress will race to prevent a government shutdown before the debt deadline , today at midnight. CNBC’s Ylan Mui details the various other deadlines on the docket for lawmakers, including a short-term appropriations bill and the infrastructure bill. Former OMB Director in the Trump administration Mick Mulvaney joins former U.S. Senator Heidi Heitkamp (D-ND) to discuss bipartisanship, baseball, and averting a shutdown. AstraZeneca’s Covid-19 vaccine showed 74% efficacy in a U.S. clinical trial, ...
Sep 30, 2021•29 min
Eyewear start-up Warby Parker (WRBY) begins trading today via a direct listing, testing investors’ appetite for a household direct-to-consumer retail name. Warby Parker co-founders and co-CEOs Neil Blumenthal and Dave Gilboa discuss the company’s outlook and a tech driven future. The Latino Donor Collaborative has released its 2021 U.S. Latino GDP report, revealing that growth has averaged 5.6% over the last two years, double the rate of the U.S. economy. Sol Trujillo, co-founder of the Latino D...
Sep 29, 2021•31 min
Ford has announced a $11.4 billion deal to build four new battery and EV factories through a joint venture with South Korean battery maker SK Innovation. Ford CEO, Jim Farley, spoke with CNBC’s Phil Lebeau about Ford’s ambitious electric vehicle plan and what it means for American jobs and the U.S. supply chain. Data analytics company Amplitude (AMPL) has listed on the Nasdaq via direct listing, rather than a SPAC or traditional IPO. Amplitude CEO Spenser Skates and renowned venture capitalist B...
Sep 28, 2021•35 min
Lawmakers are attempting to pass a funding plan in time to avert a government shutdown on Friday. The debt ceiling is expected to be part of that debate, but strategists do not expect it to be resolved at the same time. As for the $1 trillion bipartisan infrastructure bill, House Speaker Nancy Pelosi expects it to be passed this week. However, CNBC’s Ylan Mui says voting may be pushed back from today's promised deadline. There will be a return to “normal life” within a year according to Pfizer C...
Sep 27, 2021•32 min
Tennis champion Roger Federer, his agent Tony Godsick, and tennis legend John McEnroe kick off the Laver Cup tournament with the “Squawk Box” team. Federer and Godsick discuss co-founding the tournament, this weekend’s lineup, and the return of live sporting events. John McEnroe reunites with Joe Kernen and Joe Kernen’s hair, and weighs in on the wealth tax debate on Capitol Hill: “I pay more taxes than Jeff Bezos.” The head of the CDC overruled an advisory panel today, approving the distributio...
Sep 24, 2021•41 min
Fed Chair Jerome Powell signaled a rate hike and a stimulus taper, prompting a positive day on Wall Street. In Washington, Congress may be at a standstill to raise or suspend the debt limit, thus averting a government shutdown, and a debt default. Eric Cantor, former Republican House Majority Leader and CNBC’s Ylan Mui discuss the debt ceiling and the possible economic fallout. The Food and Drug Administration authorized Pfizer and BioNTech’s Covid-19 booster shots for people 65 and older and ot...
Sep 23, 2021•34 min
Pfizer CEO Albert Bourla discusses his company’s donation of 500 million doses of the Covid-19 vaccine to the U.S. government for distribution among lower income countries. CNBC’s Meg Tirrell and Pfizer’s Bourla discuss equitable vaccine access and the global distribution infrastructure. The group chat app Discord is now valued at $15 billion after a new funding round. Discord CEO Jason Citron shares how he’s built a communication app in a crowded marketplace, the pros and cons of working with A...
Sep 22, 2021•36 min
Uber may be bumping up its timeline for profitability. After years of losses and struggles with surge pricing and labor shortages throughout the pandemic, CEO Dara Khosrowshahi says the company is ready to turn its first adjusted profit sooner than expected. Martha Stewart shares her plans to expand Martha.com’s shopping and learning experiences for consumers. A real estate company’s debt crisis in China is rippling through markets around the world; CNBC’s Eunice Yoon reports on Evergrande’s pat...
Sep 21, 2021•37 min
Pfizer and BioNTech’s Covid vaccine is safe for kids, and appears to generate a robust immune response, according to results from a clinical trial of children 5 to 11. The companies tested a two-dose regimen of 10 micrograms — about a third the dosage used for teens and adults — administered three weeks apart. CNBC’s Senior Health and Science Reporter Meg Tirrell says the company plans to submit the data to the FDA and other health regulators as soon as possible. Democratic mayoral nominee Eric ...
Sep 20, 2021•28 min
Federal Reserve Chairman Jerome Powell has ordered an internal ethics review after several senior central bank officials disclosed large investments and stock trades in 2020. CNBC’s Steve Liesman reports on the details of the disclosure documents, the existing rules for Fed official holdings. LinkedIn co-founder, venture capitalist, and host of the ‘Masters of Scale’ podcast Reid Hoffman discusses his new book, years of his own interviews with entrepreneurs, and the magic of an entrepreneurial s...
Sep 17, 2021•29 min
New Jersey Gov. Phil Murphy has issued a warning to residents who haven’t received a Covid-19 vaccine, advising them to register for their first doses as hospitalizations and ventilator usage climb across the state. Murphy discusses Covid safety in schools, tax changes for residents, and the fight for infrastructure on Capitol Hill. Apple’s new iPhone 13 promises improvements in camera performance, battery life and general speed; CNBC’s Jon Fortt breaks down industry headwinds ahead of the holid...
Sep 16, 2021•34 min
In an extended interview, founder of Bridgewater Associates Ray Dalio outlines his strategy for diversifying his portfolio, from the stock market to gold and cryptocurrencies. Dalio discusses the global and domestic market risks, warns investors away from cash, and considers a conflicted future for capitalism. At the Skybridge Alternatives Conference in New York, Andrew Ross Sorkin sits down with Ray Dalio and, later, former FDA Commissioner Dr. Scott Gottlieb. Dr. Gottlieb considers a future of...
Sep 15, 2021•40 min
The Metropolitan Museum of Art’s annual gala returned to New York City on Sunday, and hundreds of celebrities walked the red carpet to celebrate the Costume Institute’s “In America: A Lexicon of Fashion” Exhibit. Making a splash among entertainment’s wealthiest elite, New York Representative Alexandria Ocasio-Cortez donned an Aurora James gown with a loud message: “Tax the Rich.” Robinhood’s payment-for-order-flow business model has long been the focus of the platform’s biggest critics, but Robi...
Sep 14, 2021•27 min
House Democrats outlined a bevy of tax hikes on corporations and wealthy people to fund an investment in the social safety net and climate policy that could reach $3.5 trillion. CNBC’s Robert Frank reports on the possible impact for high-earners and considers possible timeline for implementation, and Carlyle Group co-founder David Rubenstein says there is “no doubt we will have a tax increase” by the end of the year. Rubenstein weighs in on China’s regulatory crackdown and global risks to the ma...
Sep 13, 2021•39 min
In remembrance of September 11, 2001, New York Times foreign affairs columnist Tom Friedman, Cantor Fitzgerald and BGC Partners CEO and chairman Howard Lutnick, and CNBC’s Contessa Brewer reflect on that tragic day, how the world was shaped by it, and what’s next, at home and abroad. Lutnick remembers over two thirds of the Cantor Fitzgerald employees lost in the 9/11 attacks, and speaks to the Cantor Fitzgerald-BGC Partners annual Charity Day, in support of their families. CNBC’s Contessa Brewe...
Sep 10, 2021•39 min
GameStop’s latest quarterly report did little to answer Wall Street’s--and Reddit’s--concerns about the company’s turnaround plan and sky-high stock price. Ben Mezrich, author of “The Anti-Social Network,” joined to discuss his book about the Gamestop saga and how it continues to shake up Wall Street. Lululemon shares hit a fresh, all-time high after the retailer blew past Wall Street’s expectations in its latest fiscal quarter. Famous for its women’s leggings and “ABC” jogger pants for men (Joe...
Sep 09, 2021•31 min
Private venture- and private equity-backed companies have a homogeneity problem: Black directors have consistently held only 1 percent of board seats at these companies, and Latinx directors have held even less. Gabrielle Sulzberger of Two Sigma and Ursula Burns, former Xerox CEO, founded the Board Diversity Action Alliance, and they have data to prove that now is the time to make a change. CNBC’s Steve Liesman reports on Dallas Fed President Robert Kaplan’s portfolio holdings after Kaplan made ...
Sep 08, 2021•31 min
Microsoft President Brad Smith discusses cyber risks in the digital age, and explains his company’s effort to support federal, state, and local governments in building safe online infrastructure. He details Microsoft’s pledge to invest $20 billion in cybersecurity over the next 5 years and the chip shortage hitting global markets. Disney and Marvel Studios’ “Shang-Chi and the Legend of the Ten Rings” broke box office records in the U.S., garnering an estimated $71.4 over the holiday weekend. Whi...
Sep 07, 2021•30 min
In August, the US economy added only 235,000 jobs, much less than economists were expecting. The hiring blitz at bars and restaurants came to an abrupt halt in August as more Covid-19 cases and a scarcity of willing workers kept employers from adding to payrolls. CNBC’s analysis of the August 2021 jobs report shows a loss of 42,000 jobs in food services and drinking places last month. Nela Richardson of ADP, Jason Furman of Harvard, and CNBC’s Steve Liesman and Rick Santelli discuss the disappoi...
Sep 03, 2021•27 min
At least 22 people were killed as the remnants of Hurricane Ida battered New York, New Jersey, and Pennsylvania. NBC meteorologist Bill Karins reports on Ida’s path and the record rain and flooding that deluged the region and triggered states of emergency on Thursday. CNBC’s Ylan Mui and Walter Isaacson, history professor at Tulane and renowned author, discuss how the extreme weather may impact priorities for Washington’s infrastructure deal. CNBC’s Meg Tirrell reports that new data from GoodRx ...
Sep 02, 2021•27 min
As students return to physical classrooms, cases of Covid-19 are ticking up among children. The Academy of American Pediatrics President Dr. Lee Savio Beers discusses classroom safety and a timeline for a kids’ vaccine. In a survey of 400 U.S. CEOs, KPMG found that American executives are optimistic about the economy, despite more and more delays to the return to office. Paul Knopp, KPMG U.S. CEO and chair, discusses the c-suite outlook on inflation, hybrid work, and taxation. Plus, August was a...
Sep 01, 2021•26 min
America’s 20-year war in Afghanistan came to an end as the Americans stationed there finished their evacuation. CNBC’s Eamon Javers details the military’s next steps for extracting the remaining group of Americans in the country, as well as the Biden administration’s strategy to monitor the Taliban. CNBC’s Frank Holland reports on how residents of New Orleans are planning for the days ahead as the city remains without power and with limited access to other resources in the wake of Hurricane Ida....
Aug 31, 2021•32 min
Hurricane Ida made landfall in Louisiana on Sunday as a Category 4 storm with winds of 150 miles per hour, one of the strongest storms to hit the region since Hurricane Katrina. Senator Bill Cassidy (R-LA) discusses the damage caused by Hurricane Ida as over one million people in the region--including his own family--are without power. The United States is a day away from ending its evacuation mission in Kabul, marking the apparent end of a 20-year engagement in Afghanistan. AEI President Emerit...
Aug 30, 2021•24 min
The U.S. and its allies have warned that more terrorist attacks in Kabul are likely, as the deadline for military withdrawal from Afghanistan draws near. CNBC’s Eamon Javers reports on the latest information gathered after the twin suicide bombings in Kabul. Children are now being hospitalized in record numbers across the United States, and doctors are warning that it could get worse as physical classrooms welcome students back. Dr. Ezekiel Emanuel, vice provost of global initiatives at the Univ...
Aug 27, 2021•31 min
Delta Air Lines is the first company to raise health insurance premiums for employees that are not vaccinated against Covid-19. Shellye Archambeau, board member of Verizon, Okta and Nordstrom, discusses whether this move is the beginning of a movement from employers, and shares how executives are weighing vaccine incentives and ultimatums in the boardroom. J.M. Smucker CEO Mark Smucker says inflation and supply chain issues are hitting the jelly business, but Smucker’s is still expanding its por...
Aug 26, 2021•31 min
Johnson & Johnson announced that it has enough data to support administering a booster dose of the Covid-19 vaccine. Following the announcement, the CDC tweeted that they need more data and information before recommending a booster dose from J&J. CNBC’s Meg Tirrell reports on the new research supporting the booster. Tim Cook was named CEO of Apple 10 years ago. He took over Apple at a turbulent time when Jobs was battling pancreatic cancer and the company's future seemed uncertain. Toni ...
Aug 25, 2021•31 min
The House has once again delayed a planned vote to advance two key proposals that make up President Joe Biden’s economic agenda. Rep. John Yarmuth (D-KY) and Rep. Jason Smith (R-MO) discuss the path forward for an infrastructure deal and a budget resolution. Major companies – from Walt Disney to Walmart – have already mandated Covid-19 vaccines for some or all of their employees, and now that the FDA has granted the Pfizer-BioNTech vaccine full approval, more businesses are poised to follow suit...
Aug 24, 2021•37 min
The FDA has fully approved Pfizer and BioNTech’s Covid-19 vaccine. Director of the National Institutes of Health Dr. Francis Collins explains what this approval might mean for vaccine hesitancy across the country. He also answers questions about vaccine safety for children, as young people prepare to return to school amid an uptick in cases of the Delta variant. Beloved game show Jeopardy! is host-less as the show still searches for Alex Trebek’s successor. Variety’s business editor Cynthia Litt...
Aug 23, 2021•31 min
In an extended interview, sports icon and 39-time Grand Slam champion Billie Jean King discusses the 2021 U.S. Open Tennis Championship amid pandemic and her autobiography, “All In.” As more and more professional athletes speak out about mental health in sports, King considers her own experience with mental health, the media, and activism. In a conversation exclusive to Squawk Pod, Joe Kernen shares why he finds her journey so inspirational and emotional, and underlines her role in pushing all o...
Aug 20, 2021•31 min
