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The Donut Debut: Krispy Kreme on the Nasdaq; 100 Years of China’s Communist Party Jul 01, 2021

Show notes

One of 18 IPOs this week alone, donut chain Krispy Kreme has debuted for public trading on the Nasdaq. Joe, Becky, and Andrew snack their way through the morning coverage, and Krispy Kreme CEO Mike Tattersfield shares the company’s 84-year journey to its second IPO. As China celebrates the 100th anniversary of its Communist Party, President Xi Jinping resolved to stand up to foreign powers who may “bully” China, and laid out goals for the country’s next 100 years. CNBC’s Beijing Bureau Chief Eunice Yoon considers how Chinese and global citizens are responding to President Xi’s plans, and the direction in which he’s pushing the Communist Party. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Booking Vacations with Booking Holdings CEO; Leon Cooperman’s Market Concerns; The Sopranos and “The Many Saints” Jun 30, 2021

Show notes

The Covid-19 Delta variant is on the rise, but travel is, too. Booking Holdings CEO Glenn Fogel discusses activity on his portfolio of travel and activity sites, from Kayak and Priceline to OpenTable. Billionaire investor and philanthropist Leon Cooperman reveals his concerns for the market, taxation, and inflation as we enter the second half of 2021. The Biden administration is preparing an executive order directing agencies to strengthen oversight of industries they believe to be dominated by a small number of big players. The crackdown on the lack of competition could hit big tech and a number of other sectors. Plus, traffic is back in New York, and Tony Soprano is soon to be back on the screen in “The Many Saints of Newark.” Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

United Airlines Moves for More Legroom; Facebook Joins $1 Trillion Club; Cathie Wood Launches New ETF Jun 29, 2021

Show notes

United Airlines has placed the biggest aircraft order in its history; CEO Scott Kirby and CNBC’s Phil LeBeau discuss what the 270 jet purchase means for a post-pandemic travel rebound and for passenger comforts. After a standout year at Ark Invest and a rocky start to 2021, Wall Street’s star stock picker Cathie Wood is launching a bitcoin ETF. Plus, Facebook has joined the $1 trillion club, Juul is settling for $40 million, and CNBC Disruptor and App store favorite Duolingo is going public. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Containing Delta; Breaking Down SALT; A Fast & Furious Box Office Jun 28, 2021

Show notes

The Covid-19 Delta variant is now the dominant strain of the virus in the UK, and other countries may not be far behind. Former FDA Commissioner Dr. Scott Gottlieb discusses vaccine efficacy against the strain, in light of data suggesting that the Delta variant is more contagious than other strains. As part of a major economic package proposal, Democrats are considering changes to the state and local tax (SALT) deduction, potentially helping high-tax states like New York, New Jersey, and California. CNBC’s wealth reporter Robert Frank maps out the various options for lifting or repealing SALT. New Jersey Representative Josh Gottheimer presents his stance on SALT, taxes, and retaining his state residents. Plus, the infrastructure deal is still coming together, gas prices are rising, and the box office is finally back. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

21st Century Space Race; AB InBev’s Hot Stock Summer; Buttigieg on a Bipartisan Bill Jun 25, 2021

Show notes

President Joe Biden has endorsed the bipartisan framework for an infrastructure bill, but he’s warned Congress that he won’t sign the bill for bridges, roads, and broadband unless his other social programs are make it to his desk. Transportation Secretary Pete Buttigieg discusses the collaboration across the aisle on the hill, and the long road ahead. As live events, bars, and restaurants reopen in full force, Anheuser-Busch InBev is preparing for a busy summer of sips. The world’s largest brewer is up 50% since March of 2020, and in his exit interview, CEO Carlos Brito says his outlook recovery is just as rosy. Plus, banks--and Joe Kernen--are prepared for their worst case scenarios, and it’s a 21st century space race: Bezos versus Branson. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Peter Thiel’s Tax-Free Piggy Bank; The Dramatic Tale of John McAfee Jun 24, 2021

Show notes

A new ProPublica report reveals that tech mogul and PayPal founder used a Roth IRA account to turn $1,700 to $5B, tax free. CNBC wealth reporter Robert Frank shares more on how he did it, and Skybridge Capital founder Anthony Scaramucci discusses tax loopholes and capital growth for the wealthy. Senators have struck a deal for a bipartisan infrastructure bill framework; Rep. Josh Gottheimer (D-NJ) and Sen. Rob Portman (R-OH) discuss the road still ahead, mapping out speed bumps and red light issues along the way. Plus, eccentric tech entrepreneur turned fugitive John McAfee’s long and dramatic story has come to an end. After over two decades of coverage at CNBC, Joe, Becky, and Andrew unpack the strange and stranger of McAfee’s journey from software to a prison sentence in Spain. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Debating the Breakup; Buffett’s Billionaire Giving; Aggression on the Airlines Jun 23, 2021

Show notes

The House Judiciary Committee is debating a number of antitrust bills that could break up tech’s biggest players. OZY co-founder and CEO Carlos Watson and “Big Technology” Substack founder Alex Kantrowitz discuss the scope of antitrust legislation in 2021, and anticipate changes to Apple, Facebook, Amazon, and Microsoft as lawmakers inch nearer to regulation. In a new note, Warren Buffett announced that he’s halfway to his goal of donating all of his Berkshire Hathaway shares; he’s donated $41 billion to five philanthropies in the past 16 years, and he’s set to continue at the same pace. In a reflection on billionaire wealth and charitable giving, Buffett admits that Congress should reevaluate taxes for wealthy philanthropes. He also will resign from the Bill & Melinda Gates Foundation. Plus, unruly airline passengers are endangering other travelers and airline staff, and the markets are digesting the most recent comments from Fed chair Jerome Powell. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Art of (Work) Happiness with Arthur Brooks & Lucid Motors Takes on Tesla Jun 22, 2021

Show notes

More Americans are quitting their jobs than ever; contributor for The Atlantic and podcast host Arthur Brooks considers the post-pandemic work-life balance employees are seeking, and whether hybrid work is the key to a fuller life. Luxury electric vehicle company Lucid Motors is opening a showroom in downtown Manhattan. CEO Peter Rawlinson explains why, despite competing with Tesla and others, all the EV players are driving for the same team. As the markets await Federal Reserve Chairman Jerome Powell’s testimony on his pandemic relief programs, Joe, Becky, and Andrew unpack the last week of treasury yields, dot plots, and more. Plus, Bumble is battling employee burnout with extra vacation, and Joe is back from a big fish battle on vacation. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Bipartisan Bridge & Tunnel Crowd; Bill SPAC-Man; The Four Day Workweek Jun 21, 2021

Show notes

Bill Ackman’s SPAC Pershing Square Tontine Holdings has acquired 10% of Universal Music Group, the label behind Taylor Swift, Lady Gaga, and Drake--valuing the company at $40 billion. Tontine is the biggest ever SPAC, and Becky, Andrew, and Mike Santoli discuss the financial engineering behind a deal of this size. Staff writer for The Atlantic Joe Pinsker spoke to companies around the world successfully experimenting with a four-day workweek. He explains what could be the next step in the post-pandemic workplace evolution. As bipartisan negotiations for an infrastructure bill wear on in Washington, Republican Maryland Governor Larry Hogan and Congresswoman Susie Lee (D-NV) discuss the plan’s “pay-fors” and each party’s non-negotiables. Plus, as China cracks down on crypto mining, prices are falling. And, cruise lines are set to weigh anchor, but American Airlines is struggling to keep up with travel demand without sufficient staffing. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Juneteenth Commemoration & Financial Inclusion; Covid-19’s Impact on the Brain Jun 18, 2021

Show notes

America celebrates its newest federal holiday: Juneteenth. Commemorating the day that enslaved African-Americans were informed of their freedom two and a half years after the Emancipation Proclamation, Juneteenth celebrates the end of slavery and acknowledges the work left to be done in the road to racial justice. CNBC reporter Frank Holland details the role of Black banks in achieving financial inclusion and economic equality in the United States. Darrin Williams, CEO of Southern Bancorp, one of the few Black-led banks in the country, discusses the significance of Juneteenth and how corporate investments can help communities of color achieve financial equity. New research suggests that Covid-19 may cause long-term loss of brain tissue. Former FDA Commissioner Dr. Scott Gottlieb considers lasting physiological effects of the virus and whether a survival of global variants will prompt a case surge in the autumn. Plus, commodity prices are tumbling and cruise line stocks are soaring. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

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