Squawk Pod

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Weekend Movies, Tax-Fueled Movers, & “Master Plan 3” 4/6/23 Apr 06, 2023

Show notes

President Macron is meeting President Xi, Speaker Kevin McCarthy (R-CA) is meeting President Tsai, and CNBC’s Eunice Yoon has the pulse of Beijing through it all, on the ground in China. Stateside, high tax states like New York and California are seeing an exodus of residents due to the burden. CNBC’s Robert Frank reports on the money-fueled movers, and former Senator Judd Gregg (R-NH) debates sitting Senator Michael Gianaris (D-NY) about the tax policies and wealth disparities shifting in America. LightShed’s Rich Greenfield offers a sneak peek at the movie and streaming world: a weekend watch list for moviegoers and a “for sale” sign, for moviemakers. Plus, Costco reported lackluster sales, and Tesla has released its “Master Plan 3.”

In this episode:

Rich Greenfield, @RichLightShed

Eunice Yoon @onlyyoontv

Robert Frank, @robtfrank

Andrew Ross Sorkin, @andrewrsorkin
Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick

Cameron Costa, @CameronCostaNY

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Robots Are Coming! with Reid Hoffman 04/05/23 Apr 05, 2023

Show notes

For better or worse, the age of AI has arrived! LinkedIn co-founder, ‘Masters of Scale’ podcaster, and OpenAI investor Reid Hoffman co-founded AI company Inflection and co-wrote a book with GPT-4; he considers public fears of the technology, calls to pause its development, and the rift between Elon Musk and OpenAI founder Sam Altman. ExxonMobil is growing its green energy business. Dan Ammann, President of ExxonMobil Low Carbon Solutions, shares how clean energy fits in with the company’s larger business goals. The Justice Department has criminally charged Charlie Javice, founder of college financial planning platform Frank, with defrauding JPMorgan Chase out of $175 million. Plus, CNBC’s Eamon Javers reports on news from former President Trump’s arraignment in Manhattan.
In this episode:
Reid Hoffman, @reidhoffman
Dan Ammann, @exxonmobil
Eamon Javers, @EamonJavers
Andrew Ross Sorkin, @andrewrsorkin
Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick

Cameron Costa, @CameronCostaNY

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

“The Crisis is Not Yet Over.” Economic Warnings, Disney’s Drama, & Google Goes Lean 04/04/23 Apr 04, 2023

Show notes

JPMorgan Chase CEO Jamie Dimon delivers a direct warning in his annual letter: “The current crisis is not yet over.” Joe Kernen, Becky Quick, and Andrew Ross Sorkin digest Dimon’s commentary on the banking crisis, inflation, and energy with real estate mogul and Starwood Capital Chairman and CEO Barry Sternlicht. In a direct conversation spanning inflation, the Fed, and corporate real estate, Sternlicht warns, a recession is coming. At Disney, CEO Bob Iger has fired back at Florida Governor Ron DeSantis, and he has spoken directly to shareholders. BofA Securities analyst Jessica Reif Erlich unpacks all the storylines in the House of Mouse. Plus, Google is cutting costs–and paper–where it can.

In this episode:

Andrew Ross Sorkin, @andrewrsorkin
Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick

Cameron Costa, @CameronCostaNY

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

A Match in the Ring & a Debt Limit Showdown 4/3/23 Apr 03, 2023

Show notes

UFC parent Endeavor is taking a majority stake in World Wrestling Entertainment, spinning off UFC and WWE into a new company. CNBC’s Alex Sherman, who broke the story over the weekend, discusses the many colorful characters in the new boardroom, and what’s next in streaming and scripted entertainment. Sen. Joe Manchin (D-WV) discusses the Inflation Reduction Act, U.S. deficit, and pushing for a “reasonable, responsible” middleground. Plus, OPEC is cutting oil output, in a surprise announcement, McDonald’s is preparing to lay off corporate workers, and Starbucks is at odds with the labor unions–again.

In this episode:
Senator Joe Manchin, @Sen_JoeManchin
Alex Sherman, @sherman4949
Andrew Ross Sorkin, @andrewrsorkin
Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick

Cameron Costa, @CameronCostaNY

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Trump's Hush Money Indictment & Fed Inflation Gauge Cools 3/31/23 Mar 31, 2023

Show notes

Former President Donald Trump has been indicted by a grand jury for hush money payments to porn star Stormy Daniels just before the 2016 election. It marks the first time a former U.S. president has been charged with a crime. CNBC’s Eamon Javers reports on Trump’s indictment and what it means for the future of the Republican party. The Fed’s key inflation gauge rose slightly less than anticipated in February, providing some hope that interest rate hikes are helping ease price increases. Jason Furman, former chair of the Council of Economic Advisers and Harvard economics professor, discusses his current thoughts on the Federal Reserve. Plus, Atlantic Council CEO Fred Kempe discusses the United States’ relationship with China and what it means for big tech companies like TikTok, Apple and Tesla.
In this episode:
Jason Furman, @jasonfurman
Fred Kempe, @FredKempe
Eamon Javers, @EamonJavers
Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick

Zach Vallese, @ZachVallese

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Pushing Pause on AI & Bank Failures; Who’s to Blame? 03/30/23 Mar 30, 2023

Show notes

House lawmakers tore into top U.S. bank regulators at congressional hearings this week about how Silicon Valley Bank and Signature Bank collapsed practically overnight. Daniel Tarullo, former Fed governor and Harvard Law School professor, discusses what went wrong with Silicon Valley Bank, if de-regulation had any impact on the collapse, and who is at fault. Elon Musk and dozens of other technology leaders have called on AI labs to pause the development of systems that can compete with human-level intelligence. Michael Wolf, Activate co-founder and CEO, discusses his concerns with artificial intelligence but says you can’t stop the forward march of technology. Plus, CNBC’s Robert Frank reports some wealthy residents in Los Angeles are racing to unload their high priced homes before a new mansion tax goes into effect.
In this episode:
Michael Wolf, @mjw
Robert Frank, @robtfrank
Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick

Zach Vallese, @ZachVallese

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Failure to Fill: America’s Drug Shortage 03/29/23 Mar 29, 2023

Show notes

Antibiotics and generics are in short supply, and it’s affecting every demographic in the U.S. CNBC’s Senior Science & Health reporter Meg Tirrell does a deep dive into America’s prescription drug shortage. In a conversation exclusive to Squawk Pod, Tirrell explores the supply chain disruptions and market failures that are to blame for the shortage. Plus, Joe Kernen and Becky Quick digest Wall Street’s headlines: Jamie Dimon’s upcoming deposition, the Silicon Valley Bank hearings on Capitol Hill, rising costs of elite education, and an Ice Age-era snack.

In this episode:

Meg Tirrell, @megtirrell

Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick

Katie Kramer, @Kramer_Katie

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Oscar Health Handoff, Trouble Brewing for Binance, & Disney’s Cost Cuts 03/28/23 Mar 28, 2023

Show notes

The CFTC has filed a complaint against Binance, alleging that the crypto exchange violated federal law. Speaker of the House Rep. Kevin McCarthy (R-CA) has sent President Biden a letter pushing for a path forward on the debt limit. In an extended interview, Speaker McCarthy discusses U.S. economic stability, the collapse of Silicon Valley Bank, and the one thing all American lawmakers seem to agree on: cracking down on TikTok. Oscar Health co-founder and CEO Mario Schlosser is handing over leadership to former Aetna and Bridgewater CEO Mark Bertolini. The outgoing and incoming Oscar Health CEOs discuss their mission to shake up the health care system, starting with the company’s profitability. Plus, Disney’s reinstated CEO Bob Iger is cutting costs, starting with layoffs and the Magic Kingdom’s metaverse.

In this episode:

Kevin McCarthy, @SpeakerMcCarthy

Mario Schlosser, @mariots

Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick

Katie Kramer, @Kramer_Katie

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Matches Made in Crisis, Tim Cook in Beijing, & Losses at the Saudi National Bank 03/27/23 Mar 27, 2023

Show notes

First Citizens will buy Silicon Valley Bank’s deposits and loans, prompting a stock rally in regional banks. Lawmakers are gearing up to question Federal Reserve officials about the banking crisis on Capitol Hill. CNBC’s Steve Liesman reports the many questions Congress will ask during the two-day hearings. Pantheon Macroeconomics Chief Economist Ian Shepherdson warns that the global banking contagion could exacerbate a recession, should we fall into one. In a conversation about the global credit crunch and the markets’ digestion of the Fed’s latest rate hike, Shepherdson discusses monetary policy and global market jitters. The Saudi National Bank lost over $1B on its Credit Suisse investment, now that UBS has rescued the embattled bank; a week after the loss, the Saudi National Bank’s chairman has stepped down. Plus, in China, Jack Ma has returned to the mainland, and corporate executives convened in Beijing over the weekend for the China Development Forum. Among them: Apple’s Tim Cook. CNBC’s Eunice Yoon reports, despite President Xi’s reassurances that China wants an “open China,” attendees of the forum were not as optimistic about US-China relations.

In this episode:

Eunice Yoon @onlyyoontv

Steve Liesman, @steveliesman

Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick

Katie Kramer, @Kramer_Katie

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

TikTok’s Grilling & Europe’s Banking Contagion 03/24/23 Mar 24, 2023

Show notes

Lawmakers grilled TikTok CEO Shou Zi Chew on data, the platform’s relationship with Chinese owner Bytedance, and content moderation. Stanford University Geopolitics and Technology Adviser Jacob Helberg recaps the vitriol in DC and suggests that TikTok served merely as a placeholder for all Chinese companies operating in the U.S. CNBC’s Steve Kovach explains the stakes for Apple CEO Tim Cook’s trip to China this weekend, in light of the pressure on TikTok on Capitol Hill this week. European banks are fighting contagion; former Federal Reserve official Dino Kos discusses the global rate hikes righting inflation and the pressure on Deutsche Bank, Barclays, Societe Generale, UBS, and others. Squawk makes sense of AT1s, credit default swaps, CDs, and more. Plus, some streaming recommendations for your weekend!

In this episode:

Steve Kovach, @stevekovach

Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick

Katie Kramer, @Kramer_Katie

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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