Tesla investors were unimpressed by the company’s presentation at this week’s investor day. CNBC’s Phil Lebeau recaps the stock reaction and investor disappointment, while former Ford CEO Mark Fields offers a big picture perspective on electric vehicles and the competition between software companies making cars and automakers making software. Biometric security company CLEAR is ramping up its presence in US airports and stadiums; CEO Caryn Seidman-Becker discusses traveler traffic and trends, in...
Mar 02, 2023•27 min
In the first meeting of a new House committee on U.S. competition with China , lawmakers displayed a rare show of bipartisanship. CNBC’s Eamon Javers shares the agenda of the group, from Washington, DC. In New York, Virginia Governor Glenn Youngkin discusses threats from China, including TikTok and foreign buyers of American farmland. Plus, as a Republican leader in a purple state, Youngkin weighs in on the 2024 election. Eli Lilly is cutting the out-of-pocket cost of insulin by 70%. CNBC’s Meg ...
Mar 01, 2023•34 min
Two important interviews: First, Target CEO Brian Cornell discusses his company’s fourth quarter results and what they indicate about consumers, the global supply chain, and the American economy. Then, Goldman Sachs CEO David Solomon speaks candidly ahead of his bank’s Investor Day, acknowledging business “stumbles” and weighing in on inflation, capital for fossil fuels and for the energy transition, and global CEO sentiment. Plus, Zoom shares are zooming after reporting strong fourth quarter re...
Feb 28, 2023•42 min
After digesting a hotter-than-expected personal consumption expenditures price index, the markets closed out their worst week so far in 2023. The PCE price index is the Fed’s preferred inflation metric; Aperture CEO Peter Kraus discusses the likelihood of a Fed’s soft landing in winding down interest rates and battling inflation. Warren Buffett published his annual letter to shareholders over the weekend, weighing in on buybacks, fiscal debt, and his own annual returns. The U.S. government has f...
Feb 27, 2023•26 min
In a special Squawk Pod “Reporter’s Notebook,” CNBC’s Frank Holland discusses the AltFinance Fellowship , a talent acquisition program that bridges HBCU students and finance’s biggest players–and hirers. Ozy Media’s Carlos Watson has been arrested , in the latest chapter of the media company’s implosion. Ben Smith, the journalist who broke the first story exposing the company, explains how Watson duped investors and partners. Plus, we’re one year into the Russian invasion of Ukraine , and regula...
Feb 24, 2023•30 min
In two big tech cases this week, the Supreme Court considers reinterpretations of Section 230, the heart of a “free” internet. Tech investor and Plexo Capital founding managing partner Lo Toney discusses the implications of Gonzalez v. Google and Twitter v. Taamneh , as well as the next big tech revolution: AI. After over two years of pandemic-related shipping disruptions, the supply chain is still under pressure. Executive director of the Port of Los Angeles Gene Seroka paints the current pictu...
Feb 23, 2023•39 min
In an extended interview, former United States Vice President Mike Pence discusses the 2024 Presidential race, U.S. competition with China, and the current debt ceiling negotiations in Congress. He considers the best ways to avert a national debt crisis, including implementing changes to entitlement programs like Medicare and Social Security. Plus, Amazon’s return to office mandate is prompting backlash among employees, Starbucks is adding olive oil to its Italian coffee, and Twitter is changing...
Feb 22, 2023•36 min
Nearly a year since Russia’s invasion of Ukraine, President Biden is in Kyiv and Poland. Yale School of Management’s Senior Associate Dean for Leadership Studies Jeffrey Sonnenfeld discusses the business retreat from Russia, highlighting companies that have exited the country. Sonnenfeld suggests that the war and the resulting corporate protest has exposed Russia’s economic irrelevance. Manhattan workers are spending $12B less per year, due to remote work. Partnership for New York City President...
Feb 21, 2023•32 min
Two weeks after a train derailment in Ohio resulted in a hazardous chemical spill, the responsible railway Norfolk Southern, the EPA, and the Biden administration are working to help the affected community. Oscar Munoz, former United Airlines CEO and former CEO of CSX rail shares lessons from his career, and offers some advice to the leaders involved. In the wake of wins for betting giants like DraftKings and Fanduel , Activate CEO Michael Wolf discusses the trends for legal and illegal sports b...
Feb 17, 2023•27 min
Charlie Munger, a shareholder and board member for The Daily Journal, spoke at the newspaper’s virtual annual meeting on Wednesday. The meeting featured a Q&A moderated by Becky Quick that featured a wide range of topics, from market volatility, his favorite stocks of all time, the Federal Reserve’s rate hikes, to cryptocurrencies and investing in China.
Feb 17, 2023•2 hr 11 min
Berkshire Hathaway Vice Chairman Charlie Munger, a shareholder and board member of the Daily Journal Corporation, spoke at this year’s virtual Daily Journal Annual Meeting. Becky Quick delivers the highlights from that meeting, where Munger addressed A.I., his favorite stocks of all time , Elon Musk’s Twitter takeover, and what he calls “crypto crap-o.” The Labor Department reported a producer price index hotter than economists expected , raising questions about the longevity of inflation in the...
Feb 16, 2023•26 min
After his dramatic takeover, Elon Musk aims to name a successor at Twitter before the end of 2023. Musk has also announced that thousands of Tesla’s chargers will soon open all other EVs. Federal Reserve Vice Chair Lael Brainard is leaving her post to become President Biden’s top economic advisor. She’s replacing White House powerhouse Brian Deese, who speaks with Joe Kernen, Becky Quick, and Andrew Ross Sorkin for an exit interview. Deese discusses his legacy at the National Economic Council, P...
Feb 15, 2023•31 min
The New York Times columnist Jim Stewart is out with a new book chronicling the manipulations and secret machinations of Sumner Redstone’s final years and the battle for his media empire. “Unscripted,” co-authored by Rachel Abrams, follows the drama that built the Paramount-CBS-Viacom business–and it’s a real life “Succession” story. Coca Cola reported a beat on earnings this quarter, and CEO James Quincey discusses his company’s strategy for marketing, inflation, and premixed cocktails. CPI dat...
Feb 14, 2023•31 min
The Kansas City Chiefs defeated the Philadelphia Eagles in Super Bowl LVII! Not everyone was watching for the big game, though. Most of this year’s advertisements sold for between $6 million and $7 million for a 30-second spot. Fox said it raked in a record amount of Super Bowl ad revenue this year. Kevin Krim, president and CEO of EDO, discussed this year’s Super Bowl ads. Concerns are mounting in Washington after the U.S. shot down a fourth unidentified object on Sunday. Jack Jacobs, retired U...
Feb 13, 2023•30 min
Disney CEO Bob Iger’s apparent openness to selling Hulu marks a stark reversal in strategy for the company. Iger said Thursday that “everything is on the table” with regard to Hulu’s future . Matt Belloni, Puck founding partner and author, discusses how Disney will treat Hulu, why another company wouldn’t partner with Hulu and more. SEC chair, Gary Gensler, discusses the recent crackdown from the SEC on Kraken, how the company’s operations differ from other yield-based products and potential cli...
Feb 10, 2023•33 min
Disney says it will slash 7,000 jobs from its workforce and plans to cut $5.5 billion in costs, including $3 billion in content savings. CEO Bob Iger says the restructuring is a “significant transformation” that will maximize the potential of their creative teams. Apple co-founder, Steve Wozniak, discusses the power of artificial intelligence, the metaverse, Tesla, and his long career at Apple. Plus, how the rich are saving billions in taxes. ProPublica Reporter, Paul Kiel, says some wealthy Ame...
Feb 09, 2023•35 min
President Biden delivered his State of the Union address to a lively congressional audience. Joe Kernen, Becky Quick, and Andrew Ross Sorkin break down the fireworks and the content with former Republican Congressman Mick Mulvaney and former Democratic Senator Heidi Heitkamp. After a big financial quarter, Uber CEO Dara Khosrowshahi shares his vision for the road ahead (hint: EVs!), consumer spend, and the inflation squeeze. Plus, Microsoft is rolling out a new and AI chatbot-enabled version of ...
Feb 08, 2023•37 min
In a this super-sized episode, Speaker of the House Rep. Kevin McCarthy (R-CA) sits with Joe Kernen at the Capitol for an extended interview ahead of President Biden’s State of the Union Address . Speaker McCarthy discusses his political agenda, bipartisan negotiations for the debt ceiling, and America’s geopolitical and economic paths forward. In his first interview in over a year, Activision Blizzard CEO Bobby Kotick discusses his company’s quarterly performance, as well as the stalled deal fo...
Feb 07, 2023•47 min
A suspected Chinese spy balloon was shot down by the U.S. military over the weekend, as tension between both countries escalates. Member of the Council on Foreign Relations Michelle Caruso-Cabrera and partner at The Rhodium Group Daniel Rosen discuss the geopolitics at play, the repercussions of the incident, and the role the American public played in Washington’s response to the surveillance balloon. As the economy digests January’s blowout January jobs report, Allianz and Gramercy advisor and ...
Feb 06, 2023•34 min
In a surprisingly strong report, the Labor Department revealed the U.S. economy added 517,000 jobs in January 2023 , and an unemployment rate drop to 3.4%, the lowest level since 1969. CNBC’s Rick Santelli, Steve Liesman, and Andrew Ross Sorkin consider what the strong numbers mean for the Federal Reserve’s strategy to cool inflation. Among the employed, CNBC’s Robert Frank reports a rise in office attendance across U.S. cities. Plus, Chevron announced a $75 billion buyback program and a dividen...
Feb 03, 2023•30 min
The Federal Reserve has raised interest rates 25 basis points in its eighth hike since March 2022. Bridgewater founder and billionaire hedge funder Ray Dalio digests the Fed decision, the relative attractiveness of cash, bonds, and equities, and the value–real and perceived–of crypto. In an extended interview exclusive to CNBC, Dalio warns that we could be at the brink of an economic war with China. Plus, Julia Boorstin reports on Meta’s mega fourth quarter results , including what’s in store fo...
Feb 02, 2023•38 min
Ark Invest CEO and CIO Cathie Wood shares her big investing ideas for 2023 after her flagship fund reported its best month ever. Ark Innovation ETF notched a near-28% bump in January, but for the last two years, the fund is still down 72%. Wood discusses the wind-down of inflation and her bet that ChatGPT is just the beginning of a new AI era. Even Google is exploring ChatGPT-like technology , asking employees to test some of its competitors. Plus, Snap offered weak guidance for its next quarter...
Feb 01, 2023•29 min
ExxonMobil reported a record breaking $55.7B profit for 2022. CEO Darren Woods discusses the results and global oil policy, and warns that gas prices will rise again, while demand and supply are light. Ford and Tesla have slashed prices to remain competitive in the burgeoning electric vehicle landscape; WSJ reporter Tim Higgins explains the EV price wars and the road ahead for each player. Plus, the Biden administration is cracking down on Medicare private plans, and a U.S. appeals court has thw...
Jan 31, 2023•32 min
Ahead of this week’s Fed meeting, jobs data, and tech earnings results, head of US Equity and Quantitative Strategy at BofA Securities Savita Subramanian zooms out of the market minutia to paint the big economic picture for short term and buy-and-hold investors alike. TikTok CEO Shou Zi Chew has agreed to testify before U.S. Congress in March, as scrutiny on the China-based app heightens on Capitol Hill and on America’s university campuses. Plus, Renault and Nissan are rethinking their decades-o...
Jan 30, 2023•29 min
Universities and the U.S. government have heightened scrutiny on TikTok , exploring bans of the China-based app. Foreign affairs columnist for The New York Times Tom Friedman discusses the risks of TikTok and other social media, and how the U.S. should handle its relationship with China. As layoffs across tech pile up, Jason Greer, Greer Consulting founder and president, and Jessica Kriegel, chief scientist of workplace culture at Culture Partners, discuss the executive strategy of job cuts, as ...
Jan 27, 2023•34 min
In an extended interview, Starwood Capital Chairman and CEO Barry Sternlicht offers his outlook on a recession timeline, the Fed’s rate raising playbook, and the U.S. labor market. A real estate and investing mogul, Sternlicht explains what the housing market reveals about America’s economic health. Tesla reported record revenue for the fourth quarter; CNBC’s Phil Lebeau reports the results and shares the highlights from Elon Musk’s comments on the earnings call. Plus, IBM is making job cuts , C...
Jan 26, 2023•33 min
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 i...
Jan 25, 2023•34 min
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 Depa...
Jan 24, 2023•22 min
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 an...
Jan 23, 2023•30 min
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_tx Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andr...
Jan 21, 2023•14 min
