Squawk Pod

Latest Episodes:

Once More, With Energy: Gas Prices, G7 and Ken Langone 6/27/22 Jun 27, 2022

Show notes

We’re kicking off the week with a super-sized Squawk Pod! Three big interviews that all start with the key question Wall Street is asking: how bad is the impact of 2022’s high energy prices? Becky Quick and Brian Sullivan weigh the influence higher gas prices have on the stock market, and G7 leaders convene in Germany to discuss additional Ukraine support and new sanctions that include a proposal to cap the price of Russian oil exports. Goldman Sachs’ Jeff Currie says a brief pullback in global energy prices signals a buying opportunity for investors. Noted tech investor John Doerr has a legendary track record – he was an early back of both Google and Amazon – and today, he calls the shift away from fossil fuels a revolution that rivals the creation of the Internet. Andrew Ross Sorkin catches up with Doerr at the Aspen Ideas Festival in Colorado. NBCUniversal News Group is the media partner of the Aspen Ideas Festival. Plus, Home Depot co-founder and billionaire Ken Langone joins Squawk Box for a special interview that covers inflation, divisiveness and the complicated balancing act of policy and politics.

In this episode:

Jeff Currie, @goldmansachs

John Doerr, @johndoerr

Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @Andrewrsorkin

Brian Sullivan, @SullyCNBC

Zach Vallese, @ZachVallese

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Oil Squeeze, Price Pain and Summer Travel Woes 6/24/22 Jun 24, 2022

Show notes

Fresh reporting from Becky Quick on what happened inside the room with leading executives from the U.S. oil industry and Energy Secretary Jennifer Granholm. Inflation continues to run hot. Federal Reserve Chairman Jerome Powell says that the Fed is committed to fighting inflation “unconditionally” in a testimony to the House Financial Services Committee. Member of the committee, and Problem Solvers Caucus Co-Chair, Rep. Josh Gottheimer (D-NJ) wants to act aggressively to solve the problems of surging gas prices, expensive food costs, and fight inflation. Also, United Airlines says they are cutting dozens of flights in the Northeast due to staffing issues. Association of Flight Attendants International President Sara Nelson joins to address the massive amount of flight cancellations, rising ticket prices, and how to navigate the potentially messy summer travel season.

In this episode:

Rep. Josh Gottheimer, @RepJoshG

Sara Nelson, @FlyingWithSara

Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @Andrewrsorkin

Katie Kramer, @Kramer_Katie

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Meetings and Metaverses 6/23/22 Jun 23, 2022

Show notes

Big Oil executives head to Washington today for a meeting with the Biden Administration to go over a diminishing list of options to contend with the rising price of gas. President Biden announced plans to enact a “gas tax holiday” in the U.S. this summer, and has not received broad initial support. Amos Hochstein, State Department Special Envoy and Coordinator for International Energy Affairs, discusses the $0.18 reduction per gallon the holiday would save and the outlook for getting the policy through Congress. Mark Zuckerberg says a billion people will soon be spending their time – and money – in the metaverse, but Joe Kernen, Becky Quick and Andrew Ross Sorkin have differing ideas about what to actually do there. Plus, the FDA will ban the sale of Juul e-cigarettes. Squawk Box regular and former head of the regulator, Scott Gottlieb, weighs in on the vaping industry as well as the latest concerns about Covid-19 variants. And, more smaller cities will soon be harder to reach by airplane.

To hear more from Mark Zuckerberg about Meta’s future, check out CNBC’s Mad Money podcast: https://www.cnbc.com/2018/03/01/mad-money-with-jim-cramer-podcast.html

In this episode:

Amos Hochstein, @AmosHochstein

Scott Gottlieb, @ScottGottliebMD

Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @Andrewrsorkin

Katie Kramer, @Kramer_Katie

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Stuck on the Tarmac 6/22/22 Jun 22, 2022

Show notes

A nationwide pilot shortage is prompting thousands of delays and cancellations for summer travelers. Dennis Tajer, American Airlines pilot and spokesperson for the Allied Pilots Association, says the staffing issues are due to management’s lack of foresight, and he warns that airlines may start to cut corners to keep up with demand. CNBC’s autos and airlines reporter Phil Lebeau considers how long it will take carriers to sort out their problems, and whether the federal government will have to step in to help.

In this episode:

Phil LeBeau, @Lebeaucarnews

Becky Quick, @BeckyQuick

Brian Sullivan, @SullyCNBC

Katie Kramer, @Kramer_Katie

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A Gas Tax Holiday & Hodling onto Faith 6/21/22 Jun 21, 2022

Show notes

In the wake of a turbulent market week, investor fears of a recession are growing in step with losses on Wall Street. Crypto hodlers are in pain, but investor and former NYSE President Tom Farley hopes the worst is behind them. Chair of President Biden’s Council of Economic Advisers Cecilia Rouse discusses inflation, the state of the economy, and the administration’s options to mitigate ever-rising fuel prices across the U.S., including a gas tax holiday. Plus, Mondelez is taking a Clif jump, and a pilot shortage is causing drama for travelers.

In this episode:

Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick

Katie Kramer, @Kramer_Katie

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Ron Baron’s Ray of Hope; Black Financial Influencers 6/17/22 Jun 17, 2022

Show notes

The S&P 500 is headed for its worst week since March of 2020, but famed buy-and-hold billionaire investor Ron Baron offers a ray of hope amid Wall Street’s worries. A Tesla bull and futurist investor, Baron likens today’s market with the opportunity that earned him billions in the 1980s. In an all-hands meeting with Twitter employees, Elon Musk addressed layoff and content moderation concerns. For consumers, inflation is still cause for worry; Rep. Ro Khanna (D-CA) discusses pump pressures for Americans and big profits for big oil producers in the U.S. Plus, we mark Juneteenth weekend by celebrating Black social media influencers in finance, with CNBC’s Frank Holland.

In this episode:

Ro Khanna, @RepRoKhanna

Frank Holland, @FrankCNBC

Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick

Katie Kramer, @Kramer_Katie

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Did the Fed Do Enough? The Central Banks’ Great Awakening 6/16/22 Jun 16, 2022

Show notes

The Fed raised interest rates by 75 basis points on Wednesday and alluded to more hikes in the coming months, as CNBC’s Steve Liesman recaps. But did the Fed do enough? Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, Cambridge shares his thoughts on the Fed, the European Central Bank, and the Swiss Central Bank after all three announced interest rate hikes. CNBC’s Jon Fortt considers whether the Fed raised rates high enough, quickly enough, and what it will take to find a ‘soft landing.’

In this episode:

Mohamed El-Erian @elerianm

Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick

Mike Santoli @michaelsantoli

Steve Liesman, @steveliesman

Jon Fortt @jonfortt

Cameron Costa, @CameronCostaNY

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Hiking Rates, Calling Big Oil, & Hedging Portfolios 6/15/22 Jun 15, 2022

Show notes

The S&P 500 fails to rebound, the markets are poised for the Fed’s big rate hike, inflation and pump pressures are on, and crypto is crumbling. Founder and chairman of Equity Group Investments Sam Zell shares his unfiltered perspective on the Fed, energy prices, and DC policy, all from his vantage point as a real estate billionaire and energy, health care, and manufacturing investor. President Biden is asking oil CEOs to boost gasoline supply and is calling their profits “unacceptable.” Plus, we’re bidding adieu to Internet Explorer.

In this episode:

Brian Sullivan, @SullyCNBC

Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick

Cameron Costa, @CameronCostaNY

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The Investor Psyche: War, Recession, & Not-So-Stablecoins 6/14/22 Jun 14, 2022

Show notes

In the wake of this week’s bear market, former NYSE President Tom Farley and former Chairman and CEO of TDAmeritrade Joe Moglia discuss the peaks and valleys still to come, both in the crumbling crypto markets and in the broader economy. Tom Farley, who has debuted more than one SPAC of his own, discusses the market’s depleted appetite for any kind of public listing. Joe Moglia speaks to the psyche of retail investors as global conflict rages on and inflation ticks higher, and considers whether recession fears are already realized for some Americans.

In this episode:

Joe Moglia, @CoachJoeMoglia

Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick

Katie Kramer, @Kramer_Katie

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Bear Market Woes: Crypto Contagion & Inflation 6/13/22 Jun 13, 2022

Show notes

$200 billion was wiped out of the crypto market over the weekend, and Bitcoin has hit its lowest level since December of 2020. Skybridge Capital founder and crypto bull Anthony Scaramucci unpacks the global market sell-off, the slide in crypto, and why the drama at crypto lender Celsius could make things worse. Inflation and gas price pressures are hitting consumers and corporations; CEO of Stew Leonard’s details the fuel and food supply chain issues impacting his bottom line. Plus, a break from the markets: the latest box office hit, straight from the Jurassic Period.

In this episode:

Stew Leonard Jr. @StewLeonardJr

Anthony Scaramucci, @Scaramucci

Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie

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