Squawk Pod

Latest Episodes:

Dragon Fodder and Going “APE” 8/22/22 Aug 22, 2022

Show notes

In the latest chapter of meme stock mania, AMC’s shares are tanking, and the company is getting creative to raise capital. As Americans await a potential decision on the Biden administration’s student loan forgiveness, CNBC’s Sharon Epperson reports that many fear the policy could worsen inflation. Cryptocurrencies may be as volatile as ever, but investor and bull Anthony Scaramucci considers Larry Fink’s and BlackRock’s change of heart on the asset to be a good sign for the entire industry. Plus, HBO has a lot riding on its new series, “House of the Dragon,” Julia Boorstin reports.

In this episode:

Anthony Scaramucci, @Scaramucci

Sharon Epperson, @Sharon_Epperson

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer: @Kramer_Katie

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NYC’s Tickets to Ride with MTA CEO; Big Ten’s Big Deal with George Pyne 8/19/22 Aug 19, 2022

Show notes

The NYC MTA is low on ridership and on revenue, but Chair and CEO Janno Lieber says he has a plan to boost both and restore trust in the safety of public transit. The Big Ten has sealed its 7 year, $7 billion TV deal, marking the biggest annual deal for any college sports league. Sports business executive George Pyne unpacks the giant payout and what it means for the league’s student players. Plus, the Bed Bath & Beyond carnage keeps coming for the company and its traders, and Starbucks has begun its restructuring.

In this episode:

Janno Lieber, @MTA

George Pyne, @GFPyne

Melissa Lee: @MelissaLeeCNBC

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer: @Kramer_Katie

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Dr. Scott Gottlieb & the CDC Reorg; Walter Isaacson & the Other Side of Elon Musk 8/18/22 Aug 18, 2022

Show notes

After internally reviewing its own response to the covid-19 pandemic, the CDC has concluded, there’s room for the agency to improve. Director Rochelle Walensky has announced her plan to restructure the CDC, and in so doing to improve future responses and to rebuild public trust in the organization. Dr. Scott Gottlieb examines the road ahead for the CDC and Washington’s role in improving it. While Wall Street and Twitter still reel from the latest Elon Musk antics, biographer and Tulane professor Walter Isaacson details the little-seen side of the quirky billionaire; as he writes Musk’s biography, Isaacson reveals that there’s much more to Tesla’s CEO than his tweets. Plus, we’re decrypting the Federal Reserve’s July minutes and unpacking the roller coaster trades for Bed Bath & Beyond and other meme stocks this week.

In this episode:

Walter Isaacson, @WalterIsaacson

Dr. Scott Gottlieb, @ScottGottliebMD

Becky Quick @BeckyQuick

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer: @Kramer_Katie

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Bed Bath & Way Beyond and The Data on Quitting 8/17/22 Aug 17, 2022

Show notes

Bed Bath & Beyond, AMC, and Gamestop are all swept up in a revival of meme stock trading; tastytrade founder and Co-CEO Tom Sosnoff discusses the recent meme stock surges. After President Biden signed the Inflation Reduction Act into law, Director of the White House National Economic Council Brian Deese shares the intended impact of the legislation for Americans’ health care costs and greener living. Also in politics, Liz Cheney is considering her next move in her mission to support disillusioned Republicans. Plus, childcare workers including educators have either switched jobs or left their professions permanently. USAFacts President Poppy MacDonald unpacks the data that explains why teachers are quitting at a higher rate than other workers.

In this episode:

Tom Sosnoff, @tastytrade

Poppy MacDonald, @PoppyMacD

Brian Deese, @BrianDeeseNEC

Becky Quick @BeckyQuick

Andrew Ross Sorkin, @andrewrsorkin

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.

Big Box Penny-Pinching & America’s Teacher Shortage 8/16/22 Aug 16, 2022

Show notes

: Walmart reported better than expected earnings this quarter, but its profits are still under pressure. CNBC’s Courtney Reagan and Refinitiv’s Jharonne Martis examine the report and what it reveals about inflation and today’s consumers. The U.S. education system is short hundreds of thousands of teachers and support staff, according to estimates. President of Purdue University Mitch Daniels discusses why, after teaching through a global pandemic, many educators have left the profession, and fewer are signing up. Easing gas prices at the pump might be offset by high home energy prices this winter; in the EU, some are paying up to 500% more to heat their homes. Plus, Apple is bringing its employees back to the office, and Wall Street Billionaires like Warren Buffett, David Tepper, and Dan Loeb are making big portfolio swaps.

In this episode:

Jharonne Martis, @JharonneMartis

Mitch Daniels, @purduemitch

Courtney Reagan, @CourtReagan

Becky Quick @BeckyQuick

Brian Sullivan, @SullyCNBC

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.

Market Momentum & the Largest Profits Ever 8/15/22 Aug 15, 2022

Show notes

Markets are looking less and less like a recession, according to CNBC’s senior economics reporter Steve Liesman. He, Mike Santoli, and Becky Quick explain the rebound in stocks and in jobs data that has assuaged many investor concerns. Former FDA Commissioner Dr. Scott Gottlieb offers a rundown of the latest health news, including the recent discovery of polio in New York City sewage, the CDC’s updated covid guidelines, and national vaccination rates for both viruses. CNBC’s Eamon Javers reports on the alarming backlash against federal law enforcement in the aftermath of the FBI’s Mar-a-Lago search. Plus, China’s economy has hit a speedbump, and oil giant Saudi Aramco has reported record quarterly profits, larger than Apple’s or Exxon Mobil’s.

In this episode:

Dr. Scott Gottlieb, @ScottGottliebMD

Eamon Javers, @EamonJavers

Becky Quick @BeckyQuick

Steve Liesman, @SteveLiesman

Mike Santoli, @michaelsantoli

Cameron Costa, @CameronCostaNY

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Mark Cuban & DC’s “Good Idea” for Shareholders 8/12/22 Aug 12, 2022

Show notes

As the House prepares for a vote on the Inflation Reduction Act, Representative French Hill (R-AR) discusses the pivotal 15% tax on large corporations as well as the 1% excise tax on corporate buybacks. While Rep. Hill will likely vote against the legislation in part because of these proposed changes to the tax code, billionaire investor Mark Cuban calls into the show with a different perspective. For ordinary investors and for companies, the Mavericks owner and entrepreneur says, “Dividends become a better way of putting money in your shareholder's pockets."

In this episode:

Mark Cuban, @mcuban

Rep. French Hill, @RepFrenchHill

Melissa Lee: @MelissaLeeCNBC

Brian Sullivan, @SullyCNBC

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.

A Pricier House of Mouse & Inflation Translations 8/11/22 Aug 11, 2022

Show notes

Disney is raking in streaming subscribers, but it’s still hiking the price for Disney+. Gas prices may be on the decline, but inflation is still front and center for the Federal Reserve and Wall Street investors; CNBC’s Steve Liesman breaks down the market’s reaction to the latest inflation data, and political strategist and pollster Frank Luntz offers a rhetorical analysis for President Biden’s comments on inflation to the American people. Then, we zoom out: Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, Cambridge paints the big economic picture of inflation, both stateside and abroad, and considers the paths forward for the Fed.

In this episode:

Mohamed El-Erian @elerianm

Frank Luntz, @FrankLuntz

Steve Liesman, @SteveLiesman

Andrew Ross Sorkin: @andrewrsorkin

Melissa Lee: @MelissaLeeCNBC

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.

$80B for the IRS, $7B for Elon, & Cuts for Wall Street Bankers A 8/10/22 Aug 10, 2022

Show notes

Elon Musk sold nearly $7 billion worth of Tesla shares, just in case the courts mandate he follow through with his deal to buy Twitter. As a part of the Inflation Reduction Act the IRS will receive an $80 billion investment, but Sen. Tim Scott (R- SC) says it won’t help inflation, and it will unfairly impact the average American. The author of “America: A Redemption Story” shares his personal American story and details why he voted against the bill in the Senate. And layoffs could be coming to a Wall Street bloated with pandemic hires. Lydia Moynihan from the New York Post and CNBC’s Hugh Son break down the job (and bonus) cuts ahead for bankers as firms look to reduce costs. Plus, a loss for well-paid golfers, and Sweetgreen’s future is looking a little less sweet, and a little less green.

In this episode:

Andrew Ross Sorkin: @andrewrsorkin

Melissa Lee: @MelissaLeeCNBC

Katie Kramer: @Kramer_Katie

Sen. Tim Scott: @SenatorTimScott

Hugh Son @Hugh_Son

Lydia Moynihan: @LJMoynihan

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Searching Mar-a-Lago, Signing Off on CHIPS, & Take a Chance on Meme? 8/9/22 Aug 09, 2022

Show notes

The FBI searched Mar-a-Lago, former President Donald Trump’s resort home in Palm Beach, Florida, escalating federal law enforcement scrutiny on Trump and sparking drama on both sides of the political aisle. CNBC’s Eamon Javers breaks down the unprecedented action by the FBI in search of classified National Archives-related materials. President Biden signed the bipartisan CHIPS act into law today, marking a huge win for the semiconductor industry and directing tens of billions of dollars towards manufacturing and $200B to research. National Economic Council director Brian Deese equates the legislation to the “decade-long investment to put a man on the moon.” Plus, retail investors are reentering the market as it shows signs of rallying. Could there be another meme stock surge or will investors get left holding the bag again? SoFi’s Liz Young and WSJ’s Gunjan Banerji deliberate.

In this episode:

Brian Sullivan, @SullyCNBC

Kayla Tausche, @kaylatausche

Gunjan Banerji, @GunjanJS

Liz Young, @LizYoungStrat

Eamon Javers, @EamonJavers

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.