Big changes in big business. Johnson & Johnson is planning to split into two public companies . CEO Alex Gorsky tells Squawk Box’s Becky Quick why the decision to break off the brand-name-heavy consumer business from its prescription drug and medical device division will be “in the best long-term interest” of the company’s stakeholders. As companies continue to evolve, workplaces and traditional roles continue to change as well. CNBC’s @Work Summit examines the evolution of work since the pa...
Nov 12, 2021•36 min
Legendary internet investor John Doerr is making a big bet on green tech. In discussing his new book, “Speed and Scale,” Doerr explains his plan to achieve global net zero emissions by 2050. As a venture capitalist, his eye is on the bottom line, but Doerr shares a vision that stretches far beyond his portfolio returns. Disney has big plans for its own metaverse and Elon Musk has sold $5 billion in Tesla stock . Plus, Andrew is back from his two-day virtual DealBook Conference, and he’s digestin...
Nov 11, 2021•32 min
Toast, the app that helped power many restaurants through Covid-19 shutdowns, released its first quarter results as a public company. CEO Chris Comparato explains how his platform supports small businesses, and how his own strong metrics indicate a strong recovery for the rest of the industry. Pfizer has asked the FDA for broader authorization of its Covid-19 booster shot; the Brookings Institution’s Dr. Kavita Patel shares her expectations for third and even fourth booster shots as we fight our...
Nov 10, 2021•27 min
Hertz is listing on the Nasdaq--again. Back from bankruptcy, Hertz is led by former Ford CEO Mark Fields; he and board members Tom Wagner and Greg O’Hara discuss the road ahead for the rental car business and it’s potential deal with Tesla. Crypto ATMs, which swap cash for cryptocurrencies like bitcoin, are popping up all over the country. So why are they on law enforcement’s radar? Eamon Javers reports on CNBC’s investigation. Plus, General Electric is splitting into three companies, and the Fe...
Nov 09, 2021•38 min
The U.S. borders are once again open to international travelers, but a travel rebound puts even more pressure on airlines who are already short staffed. American Airlines is offering its employees 150% more than their usual pay to work on peak days this season. Marriott CEO Tony Capuano says the world is itching to get back to travel; many of his hotels are full as antiviral Covid-19 therapeutic pills become a reality and vaccinations become more widespread. And Uber CEO Dara Khosrowshahi says h...
Nov 08, 2021•35 min
Pfizer’s antiviral pill is 89% effective in cutting rates of hospitalization and death in Covid-19 patients. The news is huge for Pfizer and even bigger for the pandemic’s trajectory in this country. CNBC’s Meg Tirrell unveils the news, and Pfizer board member and former FDA Commissioner Dr. Scott Gottlieb says it means we are nearing “the end of the pandemic phase of this virus.” Plus, ‘The Sopranos’ actor Steven Schirripa--the man behind Bobby ‘Bacala’ Baccalieri--shares show secrets and behin...
Nov 05, 2021•37 min
Etsy CEO Josh Silverman discusses the holiday supply chain, competition with Amazon, and strategic ad spend for small businesses on his platform. Domino’s CEO Ritch Allison discusses the post-pandemic appetite for pizza, and whether drones are ready to replace your delivery guy. The Fed is ready to start winding down its emergency economic measures, paid parental leave is back in the Democrats’ social spending package, and former world chess champion Garry Kasparov says Facebook’s decision to ab...
Nov 04, 2021•30 min
It’s election day-after. Republican Glenn Youngkin has won Virginia’s hotly contested gubernatorial election, defeating Democratic power player and former Gov. Terry McAuliffe. In New Jersey, incumbent Governor Phil Murphy hasn't yet locked down what was expected to be a relatively easy win. Democrat Eric Adams has won New York City's mayoral race; Adams discusses the city’s relationship with the business community, as well as social reform, and state and local taxes. Plus, the CDC has cleared P...
Nov 03, 2021•28 min
Lawmakers in Washington continue to debate the spending bill and infrastructure plan. Transportation Secretary Pete Buttigieg discusses gridlock on the Hill, the Build Back Better Plan, and President Biden’s plans for a fairer tax system. Former Google CEO and Executive Chairman Eric Schmidt discusses his projections for an AI-enabled future in his new book, “The Age of AI and our Human Future.” Schmidt weighs in on Facebook’s Meta rebranding and the digital world’s impact on human society. Tesl...
Nov 02, 2021•38 min
Barclays CEO Jes Staley is stepping down, following investigations into his relationship with convicted sex offender Jeffrey Epstein. CNBC’s Geoff Cutmore reports that UK regulators have not found evidence of Staley’s involvement or knowledge of Epstein’s crimes. CNBC’s Meg Tirrell reports that Covid-19 vaccines for kids in the U.S. are coming soon, to a pharmacy or pediatrician’s office near you, and Dr. Kavita Patel, former White House policy director and fellow at the Brookings Institution, s...
Nov 01, 2021•33 min
Facebook has changed its company name to Meta . The new name reflects the company’s growing ambitions beyond social media and into a more virtual world. Alexis Ohanian, founder of VC firm Seven Seven Six and former executive chairman of Reddit, discusses Facebook’s name change and plans for the metaverse. Alexis also spoke with Eclipse CEO Aylon Steinhart to discuss the plant-based ice cream company’s rapid growth. Treasury Secretary Janet Yellen says the Biden administration’s infrastructure sp...
Oct 29, 2021•30 min
As Democrats wrestle over how to pay for their social spending package, a proposal to tax the wealthiest Americans has emerged. However, if the plan survives pushback from other party members, it may still face legal obstacles. As Christmas approaches, toy makers are working around the clock to ensure enough supply and timely delivery for the shopping season. Mattel chairman and CEO Ynon Kreiz discusses how his company is navigating supply chain issues, inflation pressures, and making products t...
Oct 28, 2021•29 min
Ron Baron, Baron Capital chairman and CEO, says he’s made $6 billion on his investment in Tesla and plans to remain a shareholder for at least another ten years. One of the EV company’s biggest bulls on Wall Street, Baron discusses his faith in Elon Musk and the electric road ahead. In the extended interview, billionaire Baron also addresses the Democrats’ latest plan to tax billionaires’ unrealized capital gains. CNBC’s Ylan Mui reports on the proposed wealth tax, and whether it could begin to ...
Oct 27, 2021•37 min
Shares of Facebook are on the rise despite a slew of negative headlines shrouding the social media company. CNBC’s Julia Boorstin reports on the company’s latest quarterly earnings and discusses Mark Zuckerberg’s response to the leaked “Facebook Papers.” Henry Blodget, Insider Inc. co-founder, CEO and editorial director, weighs in on Facebook’s reputation and its potential to overcome the drama. As lawmakers inch closer to finalizing their social spending package, Senate Democrats are eyeing a t...
Oct 26, 2021•41 min
As Facebook combats leaked internal documents and growing concerns from users and lawmakers alike, early investor and LinkedIn co-founder Reid Hoffman retains hope that the platform will deliver on its potential to do more good than harm. In a wide-ranging interview, Hoffman discusses Apple’s privacy changes and technology’s potential to streamline a struggling supply chain. House Speaker Nancy Pelosi says Democrats are close to finalizing an agreement on the social safety net plan that would al...
Oct 25, 2021•32 min
SPANX has accepted its first outside investor in its 21-year history: Blackstone. Sara Blakely, founder of the billion-dollar shapewear company , shares stories of her start, decades ago, Blackstone’s all-female deal team, and disrupting retail. Blackstone’s Ann Chung discusses striking the deal and betting on shapewear amid a pandemic. Pfizer has revealed that in its clinical trial, its Covid-19 vaccine proved over 90% effective in kids aged 5-11 . Plus, the CDC has approved Moderna and Johnson...
Oct 22, 2021•31 min
WeWork is finally making its public market debut as the world of work continues to transform after the coronavirus pandemic. WeWork CEO Sandeep Mathrani and Executive Chairman Marcelo Claure discuss the company’s path to profitability post-Adam Neumann ahead of its debut on the public markets. The WeWork execs also discuss the future of work in a post-Covid world, and how that will impact the company. Tesla reported third-quarter earnings after the bell yesterday that beat on both the top and bo...
Oct 21, 2021•36 min
Shares of Novavax are down sharply after Politico reported the company is having problems manufacturing its highly anticipated Covid-19 vaccine. Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, discusses Covid therapeutics, vaccines, and the U.S. production and manufacturing system. Paul Tudor Jones, founder and CIO at Tudor Investment Corporation and founder of the Robin Hood Foundation, shares his inflation trades and portfolio breakdown. The legendary hedge fund manager also ...
Oct 20, 2021•40 min
The SEC’s long-awaited report on GameStop is finally here, a full 44 pages on the trading frenzy, payment-for-order-flow, and stock market “gamification.” Streaming wars are heating up as Wall Street watches subscriber growth numbers for the industry’s biggest players. Interim AMC Networks CEO Matt Blank shares his own company’s strategy for competing with Netflix, HBOMax, and Amazon Prime, and details a plan to bring linear content to streamers. Procter & Gamble topped analyst expectations ...
Oct 19, 2021•34 min
Disney’s streaming business could be running out of steam; MoffettNathanson founding partner and media watcher Michael Nathanson weighs in on Wall Street’s Disney debate. Nathanson also dives into the 'Squid Game' mania and what its eyepopping metrics mean for Netflix and the streaming wars. CNBC’s Steve Liesman breaks down the latest GDP forecasts for the back half of 2021. The first bitcoin-linked exchange-traded fund will make its official debut tomorrow. Three other bitcoin futures ETFs are ...
Oct 18, 2021•27 min
A key FDA advisory committee unanimously recommended giving booster shots of Moderna’s Covid-19 vaccine to people ages 65 and older and other vulnerable Americans. Dr. Kavita Patel, a fellow at the Brookings Institution and former White House health policy director, breaks down the FDA’s debate over Covid-19 boosters. CNBC’s Scott Cohn provides an update on the trial of Theranos founder Elizabeth Holmes, on week six of what’s slated to be a 13-week trial. According to court testimony this week, ...
Oct 15, 2021•21 min
The U.S. is reporting an average of about 362,000 booster vaccine shots administered per day over the past week, 57% higher than the 231,000 average daily first doses. A key FDA advisory panel is meeting today and tomorrow to discuss the efficacy and safety of extra doses of the Moderna and J&J vaccines. Shellye Archambeau, former MetricStream CEO and Verizon, Okta and Nordstrom board member, discusses how Covid-19 has disrupted the workplace. Carlos Gutierrez, Empath co-founder, former comm...
Oct 14, 2021•30 min
Starwood Capital Chairman and CEO Barry Sternlicht discusses the current real estate market, U.S. labor shortages, and his crypto portfolio. The noted investor and real estate mogul reacts to comments from BlackRock CEO Larry Fink, and explains why he thinks the service economy is in a major labor crisis right now. Corporate vaccine mandates are causing friction in Texas, and after China’s crackdown on the crypto community, the U.S. has become the most popular place for metaverse miners. Plus, W...
Oct 13, 2021•33 min
Over the course of three days, Southwest Airlines has canceled more than 2,000 flights and left thousands of travelers stranded around the country. CNBC’s Phil LeBeau and Casey Murray, president of the Southwest Airlines Pilots Association, discuss what's behind the canceled flights and what travelers can expect during the upcoming holiday travel season. JPMorgan Chase chairman and CEO, Jamie Dimon, says he’s still a bitcoin skeptic and calls the coin “worthless.” Plus, Amazon is switching up it...
Oct 12, 2021•25 min
Merck and partner Ridgeback Biotherapeutics have asked the FDA to approve their Covid-19 antiviral pill molnupiravir for emergency use. It’s only the latest in a stream of biotech innovation this year; Dr. Christiana Bardon, co-managing partner of one of the world’s largest biotech investment firms MPM BioImpact Capital, discusses the sector’s opportunities for portfolios and public health right now. The global energy crisis has sent crude oil to over $80 a barrel , and vice chairman of IHS Mark...
Oct 11, 2021•28 min
The U.S. economy created much fewer jobs in September than economists were hoping, a disheartening sign of the country’s pandemic recovery. CNBC’s Steve Liesman, BlackRock’s Kate Moore, and Chicago Booth School’s Austan Goolsbee break down the dismal jobs report and its implications. Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, discusses the timeline for getting a Covid-19 vaccine authorized for young children. Tesla CEO Elon Musk is moving the company’s HQ to Texas ; CNBC’s...
Oct 08, 2021•29 min
Global gas prices are soaring, and Americans are now paying the most at the pump in seven years. Jeffrey Currie, Goldman Sachs global head of commodities research, discusses what’s driving the spike in energy prices. Currie says that the structural underinvestment to supply and deliver energy commodities and an increase in demand as economies reopen could be to blame. CNBC’s Julianna Tatelbaum also reports U.K. consumers and businesses are bracing for higher electricity bills this winter amid a ...
Oct 07, 2021•25 min
Facebook faced negative testimony about user health and safety from a whistleblower yesterday in front of Congress. CNBC’s Julia Boorstin reports Facebook CEO Mark Zuckerberg is defending the company against the accusations from whistleblower Frances Haugen. Sherrilyn Ifill, president and director-counsel of the NAACP Legal Defense and Education Fund, also discusses why lawmakers need to enact regulations against Facebook. Democrats are looking to suspend the debt ceiling by targeting the filibu...
Oct 06, 2021•31 min
As the debt ceiling deadline looms, Treasury Secretary Janet Yellen says a failure to suspend or raise it could mean “catastrophic” consequences for the U.S. economy and reputation. If Congress does not find a deal by October 18th, the country will default for the first time. Yellen addresses tax concerns, proposals to avoid default, and the longevity of her successor at the Fed, Jerome Powell. Plus, computing legend Michael Dell discusses his new book, “Play Nice But Win,” and recalls starting ...
Oct 05, 2021•37 min
Ozy Media CEO Carlos Watson speaks out, addressing numerous reports of mistruths that have led to his company’s demise. Confronted with misleading claims in his own company’s pitch deck and a review of texting exchanges between himself and Andrew Ross Sorkin, Watson defends the company’s history and discusses his own leadership. He addresses the allegations of inflated viewer metrics, his COO’s impersonation of a YouTube executive on an investor call with Goldman Sachs, and suggestions that his ...
Oct 04, 2021•34 min
