Carlyle Group co-founder David Rubenstein says investors should not expect rising inflation or a major stock market downturn to spiral the United States into a recession. Rubenstein shares his market outlook and the impact of growing tensions between Russia and Ukraine. Millions of Americans are expected to bet on the Super Bowl this weekend . CNBC’s Contessa Brewer reports on what has changed as states move to legalize sports betting. Goldbelly founder and CEO Joe Ariel breaks down the game day...
Feb 08, 2022•33 min
Frontier Airlines and Spirit Airlines, the two largest low-cost carriers in the U.S., have agreed to merge in a $6.6 billion deal , CNBC’s Phil LeBeau reports. Frontier will control 51.5% of the new airline. Former SEC chairman Jay Clayton discusses the Department of Justice’s latest probe into roughly a dozen short-selling firms, and considers the value of all market players, positive and negative. Ashley Marchand Orme, JUST Capital director of corporate equity, discusses how well the nation’s ...
Feb 07, 2022•28 min
AT&T is spinning off WarnerMedia in a $43 billion merger with Discovery. AT&T CEO John Stankey and Discovery CEO David Zaslav discuss the deal, the rollout of 5G, and the separate futures of telecom and streaming from the AT&T Pebble Beach Pro-Am golf tournament. Plus, the executives respond to the surprise departure of CNN President Jeff Zucker. In this episode: John Stankey, @ATT David Zaslav, @Discovery Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrso...
Feb 04, 2022•39 min
Facebook parent Meta delivered disappointing quarterly results , and its stock is taking a hit in response. CEO Mark Zuckerberg cited supply chain and inflation issues hitting advertiser budgets and fallout from Apple’s new iOS, but the stock still lost a fifth of its value overnight. Adam Singolda, founder and CEO of advertising platform Taboola, joins venture capitalist Kevin O’Leary to discuss Meta’s momentous miss, its metaverse ambitions, and Spotify’s path beyond the Joe Rogan controversy....
Feb 03, 2022•25 min
In the wake of Brian Flores’s lawsuit against the NFL and three of its teams, CNBC’s sports business reporter Jabari Young and Washington University’s director of the sports business program Patrick Rishe discuss the legacy of racial inequity in the league and the ripple effects of the ex-head coach’s allegations. Journalist and Yale University lecturer Joanne Lipman considers Spotify’s decision to stand by Joe Rogan, even as more musicians follow Neil Young’s lead. Spotify’s $100 million check ...
Feb 02, 2022•28 min
Black spending power reached a record $1.6 trillion in 2021, up 171% since 2000, but CNBC’s Frank Holland reports that Black Americans have seen their net wealth decline 14%. Bob Johnson, founder and chairman of RLJ Companies and founder of the BET Network, kicks off Black History Month with a discussion about closing the racial wealth gap . Johnson considers whether President Biden’s Build Back Better plan will ultimately improve economic mobility, and he lays out the biggest streaming players ...
Feb 01, 2022•26 min
Tech investing titan and retail trader favorite Cathie Wood is doubling, tripling, quadrupling down on her speculative tech portfolio strategy, despite recent losses. Matthew Tuttle, founder of the “anti-ARKK fund” SARKK is shorting Wood’s own ETF . In China, keeping Covid-19 in check comes at a great price for its residents; CNBC’s Beijing Bureau Chief Eunice Yoon reports on the long testing lines and government surveillance that are now a part of everyday life. In the wake of Spotify’s decisio...
Jan 31, 2022•29 min
Thanks to the Fed’s emergency stimulus measures, the U.S. economy saw its fastest pace of growth since the 1980s in 2021. To combat the resulting inflation however, the Fed plans to dial those measures back, starting with a rate hike in March. Carlos Gutierrez, former Commerce Secretary, former CEO of Kellogg’s, and co-founder of Empath, says that CEOs will have to deal with inflation now, whether it’s transitory or not. In the face of yet another Covid-19 variant, Dr. Scott Gottlieb, former FDA...
Jan 28, 2022•29 min
Legendary investor Stanley Druckenmiller says he’ll be listening to the bond market as the Federal Reserve backs away from its economic easing policies. CNBC’s Steve Liesman breaks down Fed Chair Jay Powell’s tricky road ahead. Hedge funder Bill Ackman bought up enough Netflix stock to make him one of the streamer’s top 20 shareholders. Musician Neil Young set an ultimatum for Spotify, asking the team to remove either Joe Rogan’s ‘The Rogan Experience,’ which Young claims is spreading Covid-19 m...
Jan 27, 2022•30 min
The market’s wild swings have not deterred retail investors; Tastytrade founder Tom Sosnoff breaks down trading volume and trading appetite among the smaller market players. ARK Invest’s Cathie Wood isn’t deterred by big tech’s big swings either, and she’s doubling down on her strategy. Mattel has won back the license to make Disney princess toys , Microsoft is optimistic about its future in the cloud, and the U.S. Commerce Department is warning of a concerningly low semiconductor inventory. Plu...
Jan 26, 2022•27 min
After the biggest intraday market bounceback in years, investors are making sense of tech stock stumbles, inflation fears, and uncertainty from the Fed. Cryptocurrencies are still trading lower, with bitcoin down 50% from its highs . About 8,500 American troops are standing by for deployment as the U.S. and its European allies watch Russia-Ukraine tensions escalate . CNBC’s Kayla Tausche breaks down the U.S. response to the rising likelihood of a Russian invasion, and Hayman Capital Management C...
Jan 25, 2022•34 min
Listen to CNBC's special report about today's market volatility. From which stocks were hit hardest, to fears of war between Russia and Ukraine, and whether the Federal Reserve is moving too fast. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Jan 25, 2022•46 min
U.S. stocks fell today following the S&P 500′s worst week since March 2020. Riskier assets are also selling off, with bitcoin plunging over the weekend, wiping out nearly half of its value. Lloyd Blankfein, former CEO of Goldman Sachs, discusses cryptocurrencies, plus the Fed’s plan for rate hikes ahead of the FOMC meeting this week . Blankfein explains why he thinks bank stocks are a good place for investors to be and why his view on digital currencies is evolving. Sal Khan, founder and CEO...
Jan 24, 2022•42 min
The Nasdaq is firmly in correction territory, with Peloton and Netflix leading the slide downhill. Veteran investor Jeremy Grantham says there’s more to come , predicting a multi-asset bubble burst, resulting in a 45% decline in stocks. After CNBC’s report that Peloton would halt production of its products and concerns about insider trades in the c-suite, Peloton’s been on a bumpy ride. Its stock price returning to earth from the stratosphere could make it a good target for M&A, maybe even A...
Jan 21, 2022•37 min
American Airlines CEO Doug Parker spoke with CNBC’s Phil LeBeau and the ‘Squawk Box’ team to break down the company’s latest fourth-quarter earnings report . In his last interview as CEO, Parker considers omicron’s impact on industry recovery, provides a bookings forecast for the spring, and discusses the nation’s 5G rollout . The Winter Olympics kick off in two weeks, but NBC’s announcers have decided against traveling to Beijing over Covid-19 concerns. Plus, is it finally time for NYC employee...
Jan 20, 2022•28 min
Microsoft’s enormous deal for Activision Blizzard might be the catalyst for consolidation of metaverse projects in 2022 . AT&T and Verizon have turned on a major new part of 5G coverage , but alarm from some airlines has delayed the launch near U.S. airports. Verizon CEO Hans Vestberg discusses 5G safety and how the new 5G C-band coverage could supercharge the internet, just in time for more metaverse projects. Plus, Pfizer’s new Covid antiviral drug is effective against the omicron variant,...
Jan 19, 2022•34 min
Microsoft announced it will buy video game giant Activision Blizzard in a $68.7 billion all-cash deal . Under the deal, Activision CEO Bobby Kotick, who has faced calls to resign over the cultural problems within his company, will remain CEO during the transition. Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, discusses the omicron Covid variant and says its global spread is inevitable. CNBC’s Eunice Yoon reports on China’s latest efforts to tamp down a recent uptick in Covid-...
Jan 18, 2022•29 min
Carl Bernstein, the Pulitzer Prize-winning investigative journalist behind Watergate, discusses the evolution of the news industry, what constitutes good journalism, and his new book, ‘Chasing History’. The Transportation Department is launching a $27 billion program to repair and upgrade roughly 15,000 highway bridges across the nation as part of the infrastructure law approved in November. White House National Economic Council Director Brian Deese discusses the Build Back Better bill, rising i...
Jan 14, 2022•38 min
Delta and other airlines are facing headwinds from weather and rising cases of omicron, but Delta CEO Ed Bastian predicts a travel rebound at the end of February. Speaking with CNBC’s Phil LeBeau and the ‘Squawk Box’ team, Bastian reacts to the company’s latest quarterly earnings report , the rising cost of oil, and Delta’s ranking on 2022′s “Just 100” list. After lobbying the CDC to shorten quarantine guidelines from 10 to 5 days to mitigate airline staffing issues, Delta is now facing backlash...
Jan 13, 2022•20 min
Investors are considering what Fed Chair Powell’s second term means for their portfolios, particularly after the Labor Department revealed that inflation grew at its fastest 12-month pace in nearly 40 years during December. CNBC’s Ylan Mui reports on the growing calls for new stock trading rules for Capitol Hill lawmakers and for Fed officials. Also in DC, Representative Pramila Jayapal (D-WA) discusses common ground between Democrats and Republicans, and whether Congress can build back the Bide...
Jan 12, 2022•34 min
Legendary trader and Just Capital co-founder Paul Tudor Jones discusses this year’s “Just 100” list, which ranks companies based on ESG issues. Julie Sweet, CEO of number 17 on the list Accenture, shares how her focus on sustainability and diversity has helped her company’s bottom line. Paul Tudor Jones lays out his outlook for the U.S. economy in 2022, including the Fed, crypto, and more. As new Covid cases rise, consumers are scrambling to buy tests online, especially as brick-and-mortar retai...
Jan 11, 2022•36 min
Pfizer CEO Albert Bourla says the company will have an omicron vaccine ready by March, just in case. He discusses global vaccine distribution, the covid treatment pill, and what he’s hoping for in 2022 with CNBC’s Meg Tirrell, Becky Quick, and Andrew Ross Sorkin. SEC Chairman Gary Gensler discusses regulatory goals on his 2022 docket, including bolstering transparency for investors. Plus, China is attempting to mitigate a surge of Omicron before the Winter Olympics, and tennis champion Novak Djo...
Jan 10, 2022•38 min
The tech stock darlings of the pandemic have finally hit a pullback. For the first time in five years, the Dow is outperforming the Nasdaq. The Fed’s signals for rate hikes on the horizon has prompted a reversal for high-growth cloud stocks, which could spell trouble for portfolios of tech bulls like Cathie Wood. Omicron is weighing on the markets and a group of former advisers to President Biden, who urge, “We need to do better.” Former FDA Commissioner Dr. Scott Gottlieb discusses test and vac...
Jan 07, 2022•38 min
One year after the deadly insurrection at the Capitol, we consider leadership, complicity, and the future of American democracy with New York Times columnist Tom Friedman. President Biden delivered remarks from Statuary Hall of the Capitol building, a space that a year ago was overrun by rioters discontent with the 2020 election results: “You can’t love your country only when you win.” In this episode: Tom Friedman, @tomfriedman Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie K...
Jan 06, 2022•18 min
President Joe Biden’s overall disapproval rating reached a new high in December as more voters signaled their unhappiness with his handling of the economy and the Covid pandemic. Harvard University’s Arthur Brooks, AEI president emeritus, contributing writer for the Atlantic, and host of “The Art of Happiness,” breaks down why Americans are feeling disappointed with the U.S. economy despite strong employment and economic metrics. Walmart and Kroger have raised the price of Abbott’s at-home Covid...
Jan 05, 2022•35 min
Theranos founder Elizabeth Holmes was found guilty on four of eleven charges in her criminal fraud trial; CNBC’s Scott Cohn breaks down the jury’s verdict and the life that now awaits Holmes. The U.S. reported a record 1 million cases of new Covid infections on Monday, according to data compiled by Johns Hopkins University. The record single-day total may be due in part to delayed reporting from over the holiday weekend. Dr. Kavita Patel, former White House health policy director and fellow at t...
Jan 04, 2022•28 min
Kicking off 2022, CNBC’s Meg Tirrell discusses the latest surge in Covid-19 cases, up more than 200% in the last two weeks. 2021’s issues at the airport continue in 2022, as well: over 13,000 flights were canceled in the U.S. between Christmas Eve and New Year’s Day. CNBC’s Phil LeBeau reports on the latest wave of flight cancellations and says airlines have blamed the disruptions on a combination of bad weather and omicron infections that sidelined staff. While a problem for air travel, Covid-1...
Jan 03, 2022•36 min
In the final episode in Squawk Pod’s special series on the wealth and wisdom of the leaders behind Berkshire Hathaway, Warren Buffett and Charlie Munger share their combined 187 years of wisdom, both in life and in finance. The two consider history’s patterns, from fiscal stimulus to global pandemic, and offer perspective on today’s economic and social problems. Buffett and Munger discuss wealth’s impact on character, both for individuals getting rich, and America, growing ever more prosperous. ...
Dec 30, 2021•37 min
In part three of our most popular episodes of Squawk Pod, featuring real stories behind the leadership of Berkshire Hathaway, CEO Warren Buffett and Vice Chairman Charlie Munger share lessons learned from investing through nearly 7 decades of economic history. In conversations with Becky Quick, the two share their perspective on axe murderers, “swingers,” and the costs of a free market, and the two speak candidly on the dangers of Robinhood, bitcoin, and stock market “gambles.” Buffett identifie...
Dec 29, 2021•35 min
In part two of a series of Squawk Pod episodes - Berkshire Hathaway CEO Warren Buffett and Vice Chairman and long-time partner and friend Charlie Munger recount their humble origins at the same Nebraska grocery store, tracing their nearly 70-year-long journey through their worst trades and best influences. The two discuss Berkshire Hathaway succession plans and the links between being the bigger person and making the bigger profit in conversations with CNBC’s Becky Quick spanning the last 15 yea...
Dec 28, 2021•29 min
