Thousands of workers have been laid off across the tech industry, and employees are braced for another blow from Meta . Labor expert and consultant Jason Greer warns workers: if you’re worried, start working from your office. As recession looms and inflation pressures consumers, gaming might be taking a hit; Take-Two Interactive Software, game publisher and owner of Grand Theft Auto and NBA 2K, cited squeezed consumers and flagging demand in its disappointing quarterly results . Chairman and CEO...
Nov 08, 2022•32 min
Layoffs are sweeping Silicon Valley. In a wide-ranging interview, Chairman of IAC and of Expedia Barry Diller comments on Meta’s layoffs and Mark Zuckerberg’s $30B bet on the metaverse, the midterm elections, TikTok’s stateside future (or lack thereof), and Netflix’s dominance in the streaming wars. The media mogul considers Elon Musk’s next move , and inflation’s squeeze on corporate bottom lines. Plus, Diller goes on the record about the Microsoft-Activision Blizzard acquisition that landed hi...
Nov 07, 2022•39 min
Baron Capital CEO and Founder Ron Baron joins Becky Quick at the 29th annual Baron Conference, a gathering of Baron-invested businesses at Lincoln Center in New York City. The conference is back in person for the first time since 2019 celebrating 40 years since the fund was founded. They discuss the current volatility in the economy and actions by the Fed. Baron is also a big investor in Elon Musk and speaks more on Tesla, his purchase of Twitter and where he sees the companies going in the futu...
Nov 04, 2022•34 min
Billionaire investor Sam Zell warns of potential recession heading toward the U.S. in a lively discussion on the Squawk Box set in Times Square. The U.S. Federal Reserve continues its aggressive interest rate increase policy in 2022; Chairman Jerome Powell warned in his regular press conference that more economic pain is likely to come as the central bank wages an historic battle against inflation. And, admitting an addiction to Twitter is the first step… In this episode: Steve Liesman @Stevelie...
Nov 03, 2022•31 min
The Biden Administration is highlighting the record high profits of big oil companies by proposing the implementation of a windfall profit tax . National Economic Council Director Brian Deese calls for gas companies to lower their prices and reduce the high margins they’re charging. However, the proposal for this tax remains controversial as the midterm elections approach. Plus, the Twitter soap opera’s latest episode: Axios’ Dan Primack on Elon Musk’s first few days as Chief Twit – questions of...
Nov 02, 2022•25 min
Uber CEO Dara Khosrowshahi says that U.S. consumers are healthy and choosing to spend on services, like ride-sharing. The company reported third quarter financials today - and suffered a loss, but beat analysts’ expectations on revenue. Khosrowshahi is also confident on the business for the rest of the year due to booming travel, easing COVID restrictions and shifts in consumer spending. And, the Biden Administration is floating windfall profit taxes on the oil and gas industry due to record-hig...
Nov 01, 2022•30 min
The Elon Musk chapter at Twitter begins with a busy weekend of tweets, trolls, conspiracy theories and tentative changes to “blue-check” verified users’ experience. Walter Isaacson, with a Musk biography in the works, observed events first-hand and shares the tale of the weekend. So much for a spooky October for the markets; the Dow is on pace to have the best month since the 1970s disco era. And, workers at one of the world’s busiest iPhone factories fled the Foxconn facility over fears of a Co...
Oct 31, 2022•36 min
Elon Musk officially owns Twitter. $44 billion, and one soap opera later, the Tesla CEO has completed the deal to buy social media platform Twitter, and he’s already prompted some big changes to its executive leadership . After two consecutive quarters of big profits for oil companies, Exxon Mobil CEO Darren Woods joins the team to discuss global energy prices, geopolitics’ implications on the global oil market, and ESG’s impact on big oil’s bottom line. Crude oil has gone, in the last 2 years, ...
Oct 28, 2022•39 min
Facebook parent Meta reported disappointing quarterly results , prompting a plunge in its stock price. In spite of Wall Street’s doubters, CEO Mark Zuckerberg defended his investments in the metaverse to investors on the company conference call. As midterms creep closer, Ways and Means Committee Republican Leader Rep. Kevin Brady (R-TX) explains his party’s plans for the country, should they win the House. Plus, Credit Suisse is undergoing a big overhaul …to get smaller. The Swiss bank is buildi...
Oct 27, 2022•32 min
Now that the “Davos in the Desert” has wrapped up in Riyadh, Representative Ro Khanna (D-CA) discusses America’s role in the global energy markets, and California’s plan for taxing residents, taxing tech, and taxing the oil companies. For the first time in Alphabet’s recorded history, YouTube’s revenue declined . The platform’s shrinking ad budget could be a warning for the rest of the industry. In other tech earnings reports, Microsoft beat analyst expectations but offered weak guidance, pointi...
Oct 26, 2022•30 min
Comedian Hasan Minhaj has made his career off of his social commentary; an episode of his talk show “Patriot Act” was even removed by Netflix after a legal complaint from the Saudi government. His second Netflix special “The King’s Jester” is now streaming, poking fun at hedge funds as well as his own life, and he’s bringing his humor to Squawk. In a conversation spanning Yeezy and the Adidas decision to terminate its partnership with Kanye West, the United Kingdom’s new PM Rishi Sunak , and Sau...
Oct 25, 2022•27 min
U.S. midterm elections are about two weeks away, and the biggest voting issue for the American public: the economy. A close second, according to NBC polling, is the preservation of American democracy . CNBC’s Ylan Mui explains the widespread concern about election integrity, and political strategist and pollster Frank Luntz urges both sides of the political aisle to stop their squabbling in the name of democracy. Luntz also issues a warning to markets and voters: midterm polling might be mislead...
Oct 24, 2022•30 min
NYC Mayor Eric Adams shares his plans for a “unified” solution to subway and street violence in New York, including a summit on public safety and criminal justice this weekend. The leader of the nation’s largest city discusses the challenges facing his leadership: New Yorkers’ safety anxiety, the thousands of asylum seekers who have arrived in the city as well as encouraging office workers to return to pre-pandemic commutes. After Elon Musk’s tweets about Russia and Ukraine, the Biden administra...
Oct 21, 2022•25 min
Major League Pickleball?! NBA star Kevin Durant and investor Rich Kleiman have purchased an MLP expansion team, and they’re set to compete in 2023. The investing team shares the appeal of pickleball teams , the upside financial potential, and the upcoming NBA season. Overseas, the UK is managing yet another shift of power with Liz Truss’s resignation , and here at home, Americans are gearing up for midterm elections. CNBC’s Steve Liesman shares the results of his All-America Survey , which revea...
Oct 20, 2022•30 min
It has been 35 years since the October 1987 Black Monday market crash, still the record for Wall Street’s worst single-day stock plunge: a 22.6% drop. Wall Street veteran and Merrill Wealth Management President Andy Sieg reflects on the lessons investors can glean from market history. State Department official, Special Presidential Coordinator for International Energy Affairs Amos Hochstein, discusses President Biden’s plan to release more crude oil from the U.S. Strategic Petroleum Reserve and ...
Oct 19, 2022•33 min
In an extended interview, Goldman Sachs CEO David Solomon discusses the bank’s planned reorganization , as well as how 2022’s market volatility has affected his company’s bottom line in its third quarter financial report . Solomon looks ahead to the “choppy markets” that could affect portfolios in the coming months, and considers the benefits of his bank’s return-to-office policy. Plus, UK Prime Minister Liz Truss faces national frustration with her leadership, and reportedly, President Biden’s ...
Oct 18, 2022•32 min
After President Xi Jinping delivered a speech at the Chinese Communist Party congress over the weekend, leaders and experts around the world are considering what his strategy to maintain power means for the balance of geopolitics around the globe. Member of the Council on Foreign Relations Michelle Caruso-Cabrera discusses the implications of Xi’s speech for the U.S. and for global markets, as well as the next chapter for a U.K. struggling with an energy crisis, falling pound, and leadership tra...
Oct 17, 2022•40 min
In his new memoir “Up Close and All In: Life Lessons from a Wall Street Warrior,” former Morgan Stanley Chairman and CEO John Mack recounts his time leading the bank through the 2008 Financial Crisis, including the market and leadership strategies that earned him the nickname, “Mack the Knife.” Mack sits down in an extended interview with Andrew Ross Sorkin that turns personal: he opens up about his Dementia diagnosis, and his evolved definition of success. In this Episode: Joe Kernen, @JoeSquaw...
Oct 14, 2022•32 min
September’s Consumer Price Index data is out, and inflation is showing no signs of a slowdown , despite multiple Fed rate hikes. In a review of the monetary and fiscal policies the U.S. government has implemented to tame the economy, former Speaker of the House Paul Ryan considers this country’s timeline to recession, and which strategies will make a downturn worse. With so much inflation and market malaise, could I bonds be the risk-free asset investors need? In this episode: Paul Ryan, @Speake...
Oct 13, 2022•22 min
The British pound continues its volatile month as the Bank of England reportedly considers extending its emergency bond-buying program . Joe, Becky, and Andrew discuss the “gilts,” the latest comments from President Biden , Treasury Secretary Janet Yellen , and JPMorgan Chase CEO Jamie Dimon, and what global monetary and fiscal policies are doing for our economic outlook. Amazon is holding its second Prime Day of the year; VP of Amazon Prime Jamil Ghani shares some of the best deals of the 48 ho...
Oct 12, 2022•27 min
As the markets waver amid concerns of an oncoming–or ongoing–recession, Joe, Becky, and Andrew consider the latest economic commentary from the likes of JPMorgan Chase CEO Jamie Dimon , investor Paul Tudor Jones, and Fed Vice Chair Lael Brainard. After 16 years of reporting on founders, startups, and tech, CNBC’s Julia Boorstin has woven together new research and 60+ interviews with female leaders for her new book, “When Women Lead: What They Achieve, Why They Succeed, and How We Can Learn from ...
Oct 11, 2022•26 min
Ahead of Robin Hood’s annual Investors Conference, Robin Hood Foundation founder Paul Tudor Jones considers whether the U.S. economy is in a recession , the Federal Reserve’s role in getting us here, and Fed Chair Jay Powell’s plan to get us out. A billionaire hedge funder and legendary trader, Paul Tudor Jones weighs in on the crypto market and offers some macroeconomic perspective, explaining the market’s short term pain ahead of our economy’s long term gain. As a founder of the anti-poverty n...
Oct 10, 2022•35 min
The Labor Department has reported that 263,000 jobs were added in September , and the unemployment rate fell to 3.5%. The numbers will likely encourage the Federal Reserve to stay the course, on their aggressive rate hike policy to curb inflation. In the aftermath of the OPEC+ decision to cut oil output by 2 million barrels a day, the U.S. is exploring an ease of its sanctions on Venezuela in an effort to both boost oil flows, ease domestic energy market pressures, and push Russia and Saudi Arab...
Oct 07, 2022•27 min
OPEC+, including Saudi Arabia and Russia, have decided to cut oil production by 2 million barrels a day. The decision puts pressure on a Europe already squeezed by an energy crisis and a conflict in Ukraine, and it could be interpreted as a snub to the Biden administration, which has been asking the Saudi Kingdom to ramp up production to ease pressure on the U.S. energy markets. CNBC’s Brian Sullivan, on the ground in Vienna for the announcement, deciphers the message OPEC and Russia are sending...
Oct 06, 2022•33 min
Elon Musk’s deal to buy Twitter is back on track–but questions remain. Can he afford it, and does he have the time to run it? CNBC’s wealth reporter Robert Frank maps out Musk’s financial ability to complete the deal, highlighting the $6 billion he’s still short. If he scrounges together the cash to succeed, Musk biographer Walter Isaacson considers whether Musk has the time to run the platform, and offers insights into the billionaire’s desire to own the platform in the first place. It might, h...
Oct 05, 2022•25 min
After a bright start to the fourth quarter, Joe, Becky, and Andrew consider what’s driving the rally , whether it will last, and what the Fed might do in response. In KPMG’s new CEO survey, almost all 400 leaders included, the vast majority of them (91%) are expecting a recession in the next year, but even more of them (93%) are confident in the growth prospects for the U.S. economy. KPMG Chair and CEO Paul Knopp discusses the survey findings, including the biggest concerns weighing on the c-sui...
Oct 04, 2022•20 min
Kim Kardashian’s Instagram ad post about the EthereumMax token has cost her $1.26 million. SEC Chair Gary Gensler discusses the celebrity’s settlement with the regulator and explains why her post–and others from DJ Khalid and Steven Seagal–raised a flag that other celebrity ads do not. Concerns about whether Credit Suisse is on the brink of a “Lehman moment” have rocked the global banking industry. Andrew reports on the Swiss bank’s financial health and the fallout it could have on the rest of t...
Oct 03, 2022•32 min
Joe, Becky, and Andrew recap a long, turbulent month and quarter for the markets as we head into the fourth quarter. Investor, founder of Evercore, and former U.S. Treasury official Roger Altman discusses whether the Fed’s policies will have a hard or a soft landing, and Altman considers whether in two years, we’ll be in an economic recession or recovery. A text thread between Elon Musk and Jack Dorsey has revealed the friendships and strains behind the scenes of Musk-Twitter Soap Opera. Plus, A...
Sep 30, 2022•32 min
Legendary investor Stanley Druckenmiller warned Wall Street of a gloomy market future at CNBC’s Delivering Alpha Investors Summit. Joe breaks down his Druckenmiller interview with Becky, and they weigh the pros and cons of Federal Reserve policy. Despite a gloomy start, the rest of this episode is uplifting, literally. AOL founder Steve Case discusses his new book, “The Rise of the Rest,” and how supporting entrepreneurs in unexpected places could push America’s innovation forward. The pandemic ...
Sep 29, 2022•32 min
Joe Kernen and Becky Quick are on site at CNBC’s 2022 Delivering Alpha Investors Summit , where they interview Muddy Waters CIO Carson Block about his firm’s short-selling thesis, his mission to call out fraudulent businesses, and the difference between “fake” and “real” ESG companies. CNBC’s Jim Cramer and David Faber join to discuss the Fed’s fight against inflation, and global threats to the markets–including Russia’s offensive in Ukraine and the Bank of England’s big bond buy . Plus, protest...
Sep 28, 2022•26 min
