Elon Musk says remote work is a moral issue; CNBC’s Jon Fortt explains both sides of the worker’s moral compass. Simon Johnson, MIT professor and former IMF chief economist, discusses the banking crisis, why it’s inappropriate to compare it to the 2008 meltdown, and what lessons can be drawn from the current turmoil. Debt ceiling negotiations between the country’s top political leaders are expected to continue into the weekend as they face a June 1 deadline at which point the U.S. could default ...
May 19, 2023•28 min
Retail shrinkage is hitting the bottom line for major retailers like Target, Home Depot, and Walmart. National Retail Federation CEO Matt Shay explains the theft and organized retail crime that amounted to nearly $95B in 2021 and is likely to cost retailers even more this year. Anti-Defamation League CEO Jonathan Greenblatt discusses ethical and responsible AI innovation, including protecting children and effective regulation. Plus, Greenblatt considers Elon Musk’s opinion on free speech and on ...
May 18, 2023•31 min
As debt ceiling discussions in DC near their default deadline, Squawk Pod delivers two conversations with two of the four debt ceiling negotiators: House Speaker Rep. Kevin McCarthy (R-CA) and House Minority Leader Rep. Hakeem Jeffries (D-NY). Both discuss the progress made in their latest meeting with President Biden and the critical piece of bipartisanship: avoiding a U.S. default. Plus, entrepreneur and author Martha Stewart talks about gracing the cover of the latest Sports Illustrated swims...
May 17, 2023•46 min
In DC, the Senate Banking Committee is prepared to hear testimony from former Silicon Valley Bank and Signature Bank executives. Senator J.D. Vance (R-OH) shares his concerns about regulator oversight in the regional banking crisis, and he weighs in on the debt ceiling showdown. White House energy advisor Amos Hochstein discusses the administration’s newly announced plans to buy three million barrels of oil to replenish the U.S. Strategic Petroleum Reserve. Plus, the U.S. Virgin Islands issued a...
May 16, 2023•33 min
Tudor Investment founder and founder of the Robin Hood Foundation Paul Tudor Jones shares his perspective on the economy and the Fed’s rate hiking strategy to tame inflation. Plus, Vice Media has filed for bankruptcy, Fanatics makes a big leap into sports betting, Twitter employees are a-twitter about their new CEO , and the debt ceiling negotiations are getting down to the wire. In this episode: Paul Tudor Jones, @ptj_official Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, ...
May 15, 2023•33 min
Elon Musk has announced his plan to step aside as Twitter CEO, and has hired NBCUniversal global ad chief Linda Yaccarino to take his place. CNBC’s Julia Boorstin reports on the news, and former CEO of Ford Mark Fields discusses what this decision means for Tesla’s shareholders. Good and bad actors are leveraging AI in their work; Heroic Ventures founder and AI investor Michael Fertik discusses recent innovations in cybersecurity, as hackers use AI to create more efficient scams and other cyber ...
May 12, 2023•31 min
Robinhood has announced 24-hour trading on some stocks and ETFs on weekdays, becoming the first brokerage to offer customers the feature. CEO Vlad Tenev discusses the evolution of the trading “day,” as well as the volume of retail traders and money inflows, amid economic volatility. CPI and PPI data this week have indicated that inflation might be slowing down–finally. Richmond Federal Reserve President Tom Barkin is unconvinced, however; he maintains that inflation is still moving too slowly to...
May 11, 2023•23 min
The Federal Trade Commission is on alert for the ways that rapidly advancing artificial intelligence could be used to violate antitrust and consumer protection laws. FTC Chair Lina Khan discusses the push for A.I. regulation, the Microsoft-Activision merger, and American competitiveness with China. Meanwhile, IBM and Google are announcing their own artificial intelligence products. CNBC’s Jon Fortt reports on whether AI will create more middle-class jobs, or eliminate them. CNBC’s Kayla Tausche ...
May 10, 2023•39 min
Warren Buffett, Charlie Munger, and CNBC are at the annual Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska. At this year’s Woodstock (or Coachella) for capitalists, the investing legends answer shareholder questions about Elon Musk, and their accumulated wisdom in business and in life. Howard Buffett, philanthropist, author, farmer, and likely Berkshire’s next non-executive chairman after his father, discusses succession at the company, as well as his own devotion to mitigating food i...
May 09, 2023•46 min
CNBC is at the annual Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska, with Warren Buffett and Charlie Munger. It’s Woodstock for capitalists! Shareholders ask the two investing legends about Berkshire’s stake in Apple, America’s relationship with China, and of course, the Berkshire investing philosophy. Tech investor Ann Winblad, a meeting attendee with an impressive business legacy of her own, breaks down some of Buffett’s hottest takes on AI and technology. Becky Quick gets an insi...
May 08, 2023•52 min
CNBC is at the annual Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska, with Warren Buffett and Charlie Munger. It’s Woodstock for capitalists! An inside look at the lore and fandom that brings tens of thousands of shareholders together with Berkshire’s iconic brands and the Oracle of Omaha himself. Buffett and Munger answer shareholder questions about AI and the future of business, and Becky Quick sits down with Brooks Running CEO Jim Weber and longtime weekend attendee actress Glenn ...
May 08, 2023•37 min
CNBC is at the annual Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska, with Warren Buffett and Charlie Munger. It’s Woodstock for capitalists! A rollicking, reflective, weekend celebration of ownership in one of America’s largest companies and the man who built it. 40,000-plus shareholders plus Berkshire’s iconic brands like Dairy Queen, See’s Candy, and Brooks Running descend on Omaha for a gathering that’s part festival, part trade show, part family reunion. CNBC’s Squawk Pod offers...
May 06, 2023•3 min
After a meeting at the White House with fellow tech CEOs, OpenAI co-founder Sam Altman discusses his effort to build a product that “works for the world as a whole.” One of the entrepreneurs behind ChatGPT, Altman explains why his “listening tour” with Operation Hope’s John Hope Bryant is important to the technology’s development. He and Bryant discuss building tech to work for people beyond Silicon Valley, and Altman responds to the now-viral letter from his co-founder Elon Musk and others, cal...
May 05, 2023•28 min
The Fed has hiked rates again. Chair Jerome Powell announced the quarter point increase and suggested a pause in the tightening cycle may be coming soon. CNBC’s Steve Liesman discusses the hike and the Fed’s response to the banking crisis. Representatives Mike Gallagher (R-WI) and Raja Krishnamoorthi (D-IL) discuss the letter from their House Select Committee on China to companies including Temu, Shein, and Nike . The two lawmakers have spearheaded a request for information from these companies ...
May 04, 2023•29 min
Eli Lilly’s Alzheimer’s treatment donanemab proved to significantly slow progression of the disease in its latest clinical trial. Eli Lilly CEO David Ricks discusses the company’s Alzheimer’s research, treatment, and plans to apply for FDA approval as soon as this quarter. The Federal Reserve is expected to increase its benchmark interest rate Wednesday afternoon, as policy-making officials wrap up a two-day meeting. But there are plenty of strong indications the Fed may pause hikes here, especi...
May 03, 2023•31 min
In Washington, Treasury Secretary Janet Yellen has warned that the U.S. could hit the debt ceiling by June 1st, much earlier than expected. At Uber headquarters in New York, CEO Dara Khosrowshahi discusses the company’s strong financial quarter, competition with Lyft, and his faith in Uber’s path to profitability. In Hollywood, writers have gone on strike , pushing for a fair deal from studios and delaying upcoming TV releases and production. Semafor co-founder and editor in chief Ben Smith disc...
May 02, 2023•29 min
In the third bank failure since March and the second largest bank failure in U.S. history , First Republic’s assets have been seized and auctioned. JPMorgan emerged the winner of the bank bidding , taking on about $92 billion in deposits, $173 billion in loans, and $30 billion in securities. CNBC’s Leslie Picker reports the details of the deal and the failure, and former NEC Director Gary Cohn joins former SEC Chairman Jay Clayton to discuss what happened and what’s next for the U.S. financial s...
May 01, 2023•32 min
ExxonMobil reported record profits for its latest quarter. CEO Darren Woods discusses oil prices and how his company’s profits complicate its relationship with the White House. After a busy week of tech earnings, Joe Kernen, Becky Quick, and Andrew Ross Sorkin consider the results for tech players including Amazon , Snap , Pinterest, and Intel . Coinbase is firing back at the SEC’s Wells notice , flagging the company’s potential violations of securities law. Plus, Microsoft and Activision Blizza...
Apr 28, 2023•36 min
The day after Britain’s regulator, the UK Competition and Markets Authority, blocked Microsoft’s acquisition of Activision Blizzard , Activision CEO Bobby Kotick is on the record about his planned appeal. Britain’s decision could affect the FTC’s decision in the U.S., but Kotick says of the UK CMA, “they don’t really understand our business.” The House of Representatives has passed a bill to raise the debt ceiling , but it’s widely considered to be “dead on arrival” to the Senate. Plus, Meta rep...
Apr 27, 2023•28 min
Microsoft and Alphabet have reported strong financial results , but as CNBC’s Steve Kovach reports, investors were only listening for big tech’s big plans for AI . RSE Ventures co-founder and “Burn the Boats” author Matt Higgins discusses the AI strategy for all the tech giants and what’s at stake for companies that slow their innovation. Elsewhere in the AI arms race, Apple is planning an AI-powered health coach. Biotech company Illumina is fighting to keep Grail, a product that tests for cance...
Apr 26, 2023•35 min
Famed investor Peter Lynch shares his tips for a successful portfolio. After turning Fidelity’s Magellan Fund into one of the most successful mutual funds of all time, Lynch retired in his 40s, but still invests personally, decades later. He shares his “buy what you know” philosophy, and urges investors to do their homework on the companies they’re betting on. In a whirlwind of news announcements, CNN’s Don Lemon and Fox’s Tucker Carlson are out of their respective networks. Semafor co-founder a...
Apr 25, 2023•29 min
A colossal week for corporate earnings awaits: a third of the S&P 500 and nearly half of the Dow report quarterly results over the next 5 days. JPMorgan Asset Management global market strategist Gabriela Santos explains what we may learn about the U.S. economy through the performance of equities and considers whether a slowdown is coming. Jeff Shell, CEO of CNBC parent NBCUniversal , left his role after admitting to having an inappropriate relationship with a company employee. CNBC’s Julia B...
Apr 24, 2023•29 min
Treasury Secretary Janet Yellen has called for a “constructive” and “healthy” relationship between the United States and China, in spite of conflicting national security interests. Former Xerox CEO Ursula Burns and West Exec Advisors co-founder Michele Flournoy discuss the fine line that corporate leaders must walk to do business globally. Twitter has finally implemented a previously announced removal of blue check marks . The change means that only paying Twitter Blue subscribers will retain a ...
Apr 21, 2023•29 min
Actor, comic, investor, and entrepreneur Kevin Hart discusses his new tequila brand, Gran Coramino, with partner and CEO of Global Brand Equities, James Morrissey. Hart discusses his many ventures, including VC, vegan fast food, and entertainment. As debt ceiling negotiations heat up in Washington, members of the Problem Solvers Caucus Rep. Josh Gottheimer (D-NJ) and Rep. Brian Fitzpatrick (R-PA) emphasize the importance of finding common ground between parties and moving forward. Plus, Tesla ha...
Apr 20, 2023•35 min
Fox Corp. has agreed to pay $787.5 million to Dominion Voting Systems to settle a defamation lawsuit over false claims that Dominion’s machines swayed the outcome of the 2020 presidential election. Tom Rogers, Gamesquare executive chairman, and Barton Crockett, Rosenblatt Securities senior analyst, discuss the fallout from Fox Corp’s defamation lawsuit settlement and the future of Fox. CNBC’s Eamon Javers also discussed the settlement with Hootan Yaghoobzadeh, co-founder of Staple Street Capital...
Apr 19, 2023•34 min
Fresh off his own trip to Taiwan and China, New York Times foreign affairs columnist Thomas Friedman discusses the complicated cultural and financial relationship between the U.S. and China. House Minority Leader Rep. Hakeem Jeffries (D-NY) discusses the tense debt ceiling negotiations across the aisle and a timeline for a resolution. CNBC’s Steve Kovack reports on Apple, which has opened its first store in India in a shift away from China. Plus, McKinsey is paying new hires to delay their start...
Apr 18, 2023•33 min
In his latest business venture, actor, producer, and entrepreneur Ryan Reynolds has invested in fintech company Nuvei. Reynolds and his new partner Nuvei CEO Philip Fayer share how they’ll work together, and why they’re betting on fintech and on innovation in Canada. Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, discusses his next concern for the markets, as the “higher for longer” interest rate policy continues. Plus, it’s game time for the banking industry; b...
Apr 17, 2023•37 min
President of the Chicago Federal Reserve Austan Goolsbee considers which economic data reveals the most about the American economy. Goolsbee discusses the Fed’s battle against inflation and the indicators of recession that he’s watching closely. Andrew Ross Sorkin sits down with Formula One CEO Stefano Domenicali, who explains the long road to building an American fanbase, starting with the Netflix show “Drive to Survive.” CNBC’s Phil LeBeau reports on Boeing’s warning about 737 Max deliveries a...
Apr 14, 2023•37 min
Tech entrepreneur Alex Karp discusses how AI like ChatGPT fits into Palantir’s data analytics and machine learning. At the Leadership Summit in Kiawah, the Palantir CEO weighs in on large language models, or LLMs, America’s edge in tech innovation, the Russian war in Ukraine, and threats from China–including TikTok. In Seattle, Amazon CEO Andy Jassy discusses his own generative AI and LLM project: Bedrock . In a wide-ranging interview, Jassy discusses Amazon’s growth in grocery and health care, ...
Apr 13, 2023•44 min
Berkshire Hathaway Chairman and CEO Warren Buffett is in Tokyo for the first time in 11 years. This special three-part series delivers Becky Quick’s full interview with the Oracle of Omaha in Japan. In the third and final part of their conversation, Buffett weighs in on artificial intelligence, his evolving views on bitcoin , and how he stays sharp at 92. (Spoiler: He’s sweet on sweets.) Joe Kernen and Andrew Ross Sorkin are stateside with plenty of questions, but not as much sugar. In this epis...
Apr 13, 2023•53 min
