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Bill Ackman Lights a SPARC & Sam Bankman-Fried Heads to Court 10/02/23

Bill Ackman Lights a SPARC & Sam Bankman-Fried Heads to Court 10/02/23

FromSquawk Pod


Bill Ackman Lights a SPARC & Sam Bankman-Fried Heads to Court 10/02/23

FromSquawk Pod

ratings:
Length:
41 minutes
Released:
Oct 2, 2023
Format:
Podcast episode

Description

Crisis averted! For 45 days? Congress narrowly avoids a government shutdown, coming up with a weekend deal to fund the government at its current level until November 17th. But the drama doesn’t end with the deal, as Republican members of the House want to oust Speaker Kevin McCarthy over working with Democrats. Bill Ackman, Pershing Square Capital Management founder and CEO, discusses his new SPARC, a unique kind of SPAC that allows investors to know which company the vehicle is acquiring before they pledge funds. Ackman weighs in on potential interest in Elon Musk’s X, the state of the U.S. economy, the Fed’s inflation fight, and more. Plus, Jury selection for Sam Bankman-Fried's trial starts tomorrow. CNBC’s Kate Rooney reports on the next chapter following the collapse of his crypto exchange, FTX. Ahead of the trial, some of those impacted most by the bankruptcy are sharing their stories in a CNBC digital documentary. Sheelah Kolhatkar, The New Yorker staff writer, also discusses the upcoming trial of Sam Bankman-Fried and the unique relationship Bankman-Fried’s parents played in FTX.Bill Ackman - 16:36Kate Rooney - 34:11Sheelah Kolhatkar - 37:55 In this episode:Bill Ackman, @BillAckmanKate Rooney, @Kr00neySheelah Kolhatkar, @sheelahkAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie
Released:
Oct 2, 2023
Format:
Podcast episode

Titles in the series (100)

Squawk Pod is a daily, guided curation of the top moments and takeaways from CNBC’s flagship morning show, “Squawk Box”, anchored by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Each day, the podcast includes news making interviews, perspective and analysis from iconic guest hosts, and slices of debate and discussion—from the heated to the hilarious— all wrapped with exclusive context and color from Senior Producer Katie Kramer.