As thousands of holiday weekend travelers faced flight delays and cancellations, United Airlines CEO Scott Kirby boarded a private jet to keep his schedule on track. After facing backlash from frustrated passengers, he’s issued an apology. Hollywood SAG-AFTRA actors are in contract negotiations, temporarily postponing a potential strike. Plus, CNBC’s Phil LeBeau reports, Tesla has over delivered this quarter, and AI-generated fake news has placed SEC Chair Gary Gensler in the headlines. As we ki...
Jul 03, 2023•36 min
Grimace and his purple McDonald’s milkshake have gone viral on TikTok, and New York Times reporter Sapna Maheshwari discusses all the TikTok headlines, including the TikTok-funded lawsuit from users in Montana, railing against the state’s recent ban. Some of Wall Street’s interns are getting paid as much as $150 an hour, this summer. New York Post reporter Lydia Moynihan says it's part of finance’s pitch to young talent, when competing with less lucrative, but more fun tech jobs. Plus, as the fi...
Jun 30, 2023•26 min
As July 4th weekend kicks off, air travelers are faced with flight delays and cancellations across the country. CNBC’s Phil LeBeau reports on flight disruptions from the Denver airport during the busiest travel week since before the pandemic. Former FAA Acting Administrator Billy Nolen discusses the issues leading to so many disruptions, including staffing, weather, and visibility. Rounding out Pride Month, GLAAD President Sarah Kate Ellis discusses LGBTQ+ allyship among American companies , and...
Jun 29, 2023•32 min
President Joe Biden will tout his economic agenda in remarks today as he campaigns for a second term. The president’s plan, which the White House dubbed “Bidenomics,” aims to “move beyond” the “trickle down” economic theory that it says disproportionately benefits the wealthy and big corporations. Former House Speaker Paul Ryan discusses the state of the U.S. economy, whether ‘Bidenomics’ is working, and the Fed’s inflation fight. DoorDash co-founder and CEO Tony Xu discusses the most significan...
Jun 28, 2023•31 min
In 1934, professors Benjamin Graham and David Dodd published the intellectual foundation for investors everywhere: Security Analysis. In the decades since, investors have returned to this “bible” of investing; today, founder of the Baupost Group Seth Klarman is publishing a 7th edition of the iconic book. Klarman’s first book on investing, the 1991 “Margin of Safety,” is a collector’s item, with individual copies selling for about $1500 on eBay. In this very rare interview, Klarman shares his ph...
Jun 27, 2023•24 min
Traders are also keeping an eye on Europe, after Russia saw a brief rebellion by a private military group over the weekend. Dewardric McNeal, Longview Global managing director, discusses the broader impact of the revolt and how it may change the relationship between Russia and China. Eric Schmidt, former Google CEO and chairman, discusses the intersection of technology and war in Ukraine, the use of drones and artificial intelligence in this war, and the impact of AI on the 2024 election . Plus,...
Jun 26, 2023•32 min
The Dow Jones Industrial Average could rise as high as 900,000 over the next 50 years, according to longtime investor and Baron Capital CEO, Ron Baron. Baron also discussed what’s happening in the U.S. economy, market outlook, investing in Tesla, and more. 3M has reached a $10.3 billion settlement with a host of U.S. public water systems to resolve water pollution claims tied to “forever chemicals.” FTX is seeking to claw back some $700 million from a former aide to Hillary Clinton-turned Hollyw...
Jun 23, 2023•37 min
Federal Reserve Chair Jerome Powell cautioned on Wednesday that he and all other members of the rate-setting Federal Open Market Committee expect to raise interest rates further to bring down inflation. Barry Sternlicht, Starwood Capital chairman and CEO and chairman of Starwood Property Trust, discusses the Fed’s inflation fight, commercial real estate, market outlook, and more. The FTC on Wednesday sued Amazon , alleging it tricked customers into signing up for its Prime subscription program a...
Jun 22, 2023•31 min
Federal Reserve Chairman Jerome Powell says he expects more Fed rate hikes ahead as the fight against inflation still “has a long way to go.” Bob Diamond, Atlas Merchant Capital CEO and former Barclays CEO, discusses the outlook for Federal Reserve rate hikes, where the markets got ahead of themselves, and the durable strength of consumers. Chris Paul, NBA athlete, entrepreneur and Olympian, shares how he grew his impact (and portfolio) beyond basketball. He recounts his investing journey and th...
Jun 21, 2023•35 min
After the long weekend commemorating Juneteenth, Executive Leadership Council Chair Gale King and ELC CEO Michael Hyter discuss corporate America’s progress in pursuing parity, 3 years after company commitments in the wake of George Floyd’s murder. It’s slow progress, but Black representation in boardrooms is moving in the right direction. Former New Jersey Governor Chris Christie is a 2024 Presidential hopeful , and he’s speaking up about fellow hopeful, former President Trump. Christie discuss...
Jun 20, 2023•30 min
Bill Gates has met with Chinese President Xi Jinping , just days before U.S. Secretary of State Antony Blinken arrives in the country. CNBC’s Eunice Yoon reports on the U.S.-China relations critical to their meetings. Rep. Ro Khanna (D-CA) represents Silicon Valley, but he’s on a tour of the rust belt; he explains how tech and factory jobs will be interconnected in generations to come. Plus, asset management giant Blackrock has filed to launch a spot bitcoin ETF , Mediterranean fast casual chain...
Jun 16, 2023•34 min
In its latest decision on interest rates, the Federal Reserve will skip a rate hike this month. CNBC’s Steve Liesman explains what the “hawkish skip” means for Wall Street and Main Street. Mediterranean fast casual chain Cava has listed on the New York Stock Exchange at $42 per share. One of the company’s early investors Steve Case discusses his venture bets on innovation outside Silicon Valley. As co-founder of AOL and CEO of Revolution, Case has backed Clear, Sweetgreen, DraftKings, and many o...
Jun 15, 2023•29 min
The Federal Trade Commission is seeking to stop Microsoft’s acquisition of Activision Blizzard . In AI news, the SEC is considering AI rules for brokerages, AMD is launching a new chip to challenge Nvidia , and Paul McCartney is leveraging the technology for a new Beatles release. Plus, former Vice President turned Presidential hopeful Mike Pence discusses inflation, the U.S. deficit, and the Fed. He also weighs in on former President Trump’s indictment and the Department of Justice. In this epi...
Jun 14, 2023•32 min
Home Depot CEO Ted Decker sits down with Becky Quick between cordless power tools and outdoor umbrellas in one of his New Jersey stores. In an extended interview, Decker shares how the retailer is tackling organized shoplifting crime and shifting consumer behavior. Whether the home improvement boom of the pandemic has finally fizzled out, which trends aren’t going anywhere, and Decker’s own home improvement projects, all available only on Squawk Pod. Plus, Oracle had a strong quarter , San Franc...
Jun 13, 2023•33 min
On the eve of the Federal Reserve’s next interest rate decision , former Fed Governor Kevin Warsh, a veteran of the 2008 crisis, offers a warning to the central bank and the markets: the banking troubles may not be over yet. In his WSJ op-ed, he urges the Fed and investors to find some “risk management.” Nearly all of the country’s cancer centers have reported a chemotherapy shortage. Former FDA Commissioner Dr. Scott Gottlieb explains the regulatory and manufacturing issues that have led to the...
Jun 12, 2023•29 min
Amid the SEC’s lawsuits against crypto exchanges Binance and Coinbase, famed tech bull Cathie Wood is doubling down on crypto. The Ark Invest CEO and CIO explains why she just upped her firm’s stake in Coinbase by over $20m, despite the regulatory issues. She’s betting on crypto, but Cathie Wood’s biggest holding is still Tesla; she also discusses Tesla’s new charging network partners: Ford and GM . Plus, Google employees are pushing back on their new directive to return to the office, and CNBC’...
Jun 09, 2023•33 min
New York Times foreign affairs columnist Tom Friedman discusses his most recent trip to the Middle East, comparing the region today with the region even six months ago. He weighs in on Saudi Arabia’s LIV Golf and its deal to merge with the PGA, and the rapid progressive evolution of Israel and the Kingdom. In a damning investigation into Instagram, The Wall Street Journal, Stanford University, and University of Massachusetts Amherst uncovered a network of pedophiles that connect with each other ...
Jun 08, 2023•31 min
On Monday, the SEC sued crypto exchange Binance , on Tuesday, the SEC sued Coinbase, and on Wednesday, Coinbase CEO Brian Armstrong is speaking out. In a candid interview, Armstrong discusses the SEC’s complaint , the regulatory environment for crypto, and the next steps in court. In her first interview since the debt ceiling deal was passed, Treasury Secretary Janet Yellen weighs in on fiscal responsibility, inflation, and crypto. Plus, the PGA Tour has announced a deal to merge with LIV Golf ,...
Jun 07, 2023•46 min
Host of “How to Build a Happy Life,” Harvard professor, The Atlantic contributing writer, and now co-author of a new book with Oprah Winfrey, Arthur Brooks has dedicated his career to cracking the code on happiness. He offers his wisdom and shares some tips for a happier life–away from screens and closer to people. Apple’s first product announcement since 2014 has rocked techies, in the metaverse and IRL. Personal tech columnist for The Wall Street Journal Joanna Stern explains Apple’s Vision Pr...
Jun 06, 2023•35 min
The markets may be poised to exit the bear market , and Washington has averted a debt default crisis. House Speaker Rep. Kevin McCarthy (R-Calif.) discusses the passage of the debt ceiling deal , spending cuts, and bipartisanship moving forward. Labor disputes in California have congested shipping flows, and oil prices are on the rise in the wake of the latest OPEC+ meeting and an announcement from oil giant Saudi Arabia . Plus, over 50% of Americans are packing their bags for vacation over the ...
Jun 05, 2023•41 min
The U.S. payrolls report for May blew past expectations , supported by strong jobs gains in the professional and business services sector — as well as a jump in government employment. Bruce Feiler, author of ‘The Search: Finding Meaningful Work in a Post-Career World’, discusses why Americans are unhappy with their careers and how more people are seeking meaning from their jobs. Geoff Lewis, founder and managing partner at Bedrock Capital, discusses the impact of A.I. on jobs and the moneymaking...
Jun 02, 2023•33 min
The Federal Reserve’s buzzword of the week: “skip.” Fed officials have signaled a plan to hold steady on interest rates in June, but urging the public that the decision would not signify an end to the tightening cycle. SMBC Nikko Securities America Chief Economist Joe Lavorgna offers his own extrapolation of the news, as well as what it may mean for Wall Street. In Washington, the President Biden-Speaker McCarthy debt ceiling deal is headed for the Senate . Plus, CNBC’s Steve Kovach has the deta...
Jun 01, 2023•31 min
The long-awaited debt ceiling deal advances to the House floor, after a narrow vote in the House Rules Committee. President Joe Biden and House Speaker Kevin McCarthy had announced the deal over the weekend, capping federal baseline spending for two years and raising the debt ceiling. Former SEC Chair Jay Clayton, and Gary Cohn, vice chairman at IBM and former National Economic Council director, discuss the latest on the debt ceiling deal and the impact on the economy. Jim McGregor, APCO Worldwi...
May 31, 2023•28 min
Lawmakers have reached a tentative debt ceiling deal ; founder of Punchbowl News Jake Sherman explains who’s satisfied, who’s still on the fence, and the work still left to do. Strategas Research Partners Chairman Jason Trennert discusses the deal’s impact on the markets , and the Federal Reserve’s path ahead. Plus, Nvidia has hit the $1 trillion market cap milestone, The Little Mermaid made a splash at the box office, and Elizabeth Holmes is headed for jail . In this episode: Jake Sherman, @Jak...
May 30, 2023•27 min
United Airlines’ former CEO Oscar Munoz writes what he calls the longest love letter to United employees in his business memoir “Turnaround Time.” Munoz experienced a heart attack 37 days after starting his job as chief executive in 2015, and navigated his own personal health crisis while fending off activist investors and PR missteps. Enjoy this Squawk Pod Bonus episode on the long holiday weekend!
May 29, 2023•12 min
Ford has teamed up with Tesla ; Ford CEO Jim Farley explains what’s next in America’s road to electric vehicles. An investigation from The New York Times dove into how U.S. drivers’ licenses and passports were on the Bytedance server in China; reporter Sapna Maheshwari explains what she learned, reporting on TikTok and American data. Plus, CNBC’s Kayla Tausche reports on the rising tensions in DC as negotiators inch closer to a debt ceiling deal, and CNBC’s Courtney Reagan reports on retail’s bi...
May 26, 2023•39 min
A warning from the Fitch credit rating agency about U.S. debt added fresh urgency to ongoing debt ceiling negotiations between the White House and congressional Republicans, with only seven days to go before the United States faces an imminent threat of debt default. Brian Deese, former National Economic Council Director, discusses the latest on debt ceiling negotiations and whether a bipartisan deal can be reached. Mega retailer Target is pulling some of its merchandise that celebrates Pride mo...
May 25, 2023•37 min
Inflation could be stickier than the markets expected, warns Goldman Sachs CEO David Solomon . THL Partners Co-CEO Scott Sperling agrees, suggesting that AI innovation could ease some of the economy’s wage inflation. Ahead of Memorial Day Weekend, The Points Guy founder Brian Kelly explains traveler willingness to splurge on vacation, amid economic uncertainty. Plus, Netflix is cracking down on password sharing , and Florida Governor Ron DeSantis aims for the White House, live on Twitter. In thi...
May 24, 2023•29 min
An AI-generated image went viral on Twitter, sending a ripple through the markets as investors considered its authenticity. CNBC’s Steve Kovach discusses the perfect storm of paid-for blue checkmarks on Twitter, AI, and social media, and what big tech firms like Alphabet could do to curb the spread of AI-fueled disinformation. In Washington, CNBC’s Kayla Tausche reports that President Biden and House Speaker Kevin McCarthy (R-CA) had a productive discussion about averting a debt default. PIMCO’s...
May 23, 2023•39 min
10 days away from the debt ceiling deadline , President Joe Biden and House Speaker Kevin McCarthy will meet to negotiate. Minneapolis Fed President Neel Kashkari weighs in on the high stakes for that negotiation, as well as the Federal Reserve’s inflation battle. As a voting member of the Federal Reserve, he insists, a hiking pause in June wouldn’t indicate an end to this hiking cycle. Warner Bros. Discovery CEO David Zaslav delivered the commencement speech for Boston University graduates, but...
May 22, 2023•33 min
