Home Depot’s Deal, TikTok’s Voter Divide, & SBF’s Sentencing 03/28/24

Pushing EVs at Rivian & Driving Careers with NBC’s Bonnie Hammer 05/08/24: Electric vehicle maker Rivian reported a quarterly revenue beat and a cut to its capital spending forecast. CEO RJ Scaringe explains his vision for the future of EVs, the total addressable market, and Rivian’s charging station partnership with Tesla. NBCUniversal Vice Chair Bonnie Hammer has compiled the best–and worst–advice for workers new and seasoned in her new book, “15 Lies Women Are Told at Work…and the Truth We Need to Succeed.” After years in the business, Hammer shares her favorite moments of mentorship, and encourages younger generations to differentiate “personal worth” from “professional worth.” Microsoft will make a $3.3B AI investment in Wisconsin, and the Biden administration has revoked certain licenses to export chips to Huawei, the Chinese tech company. Plus, Disney stock is under pressure, and FTX is officially able to pay its customers back…with interest. RJ Scaringe 16:00 Bonnie Hammer 2 by Squawk Pod

32 min listen

Stanley Druckenmiller & SEC Chair Gary Gensler 05/07/24: Duquesne Family Office CEO Stanley Druckenmiller says he was perplexed by the Fed’s pivot, and that the Federal Reserve “fumbled on the five yard line with the game on the line.” In an extended interview, Druckenmiller discusses his famously successful investing track record and his bets on AI. SEC Chair Gary Gensler has put pressure on crypto, recently delivering “Wells Notice” to Robinhood and Consensys; the crypto community is firing back, and he’s ready to defend the SEC’s perspective on Ethereum and its role in protecting investors. Plus, Hims & Hers CEO walked back some of his comments on hiring pro-Palestinian protesters after Wall Street and Main Street pushed back on him and his stock. Stanley Druckenmiller - 4:15 Gary Gensler - 38:40 In this episode: Gary Gensler, @GaryGensler Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie by Squawk Pod

55 min listen

Squawk Pod Reports: 2024 Berkshire Hathaway Annual Meeting Part 1 05/06/24: We bring you to Omaha, Nebraska, with the tens of thousands of Berkshire shareholders that make the pilgrimage to Warren Buffett every spring. Hear the best of the Berkshire Hathaway Annual Meeting, including why Buffett trimmed his stake in Apple, how he made a losing bet on Paramount, and what Berkshire looks like, after he’s gone. Plus, the highlights from the convention center floor, where Berkshire’s 60+ portfolio companies sell their wares to fans. See’s Candy CEO Pat Egan, Lubrizol CEO Rebecca Liebert, and Pilot CEO Adam Wright are all ready to dazzle the Berkshire attendees. Plus, hear from shareholders themselves! The 14-year-old Warren Buffett fan Daphne Kalir-Starr is back for her 7th annual meeting, and she’s more “invested” than ever. by Squawk Pod

46 min listen

Squawk Pod Reports: 2024 Berkshire Hathaway Annual Meeting Part 2 05/06/24: We bring you part two of CNBC’s trip to Omaha, Nebraska for the Berkshire Hathaway Annual Meeting, where tens of thousands of Berkshire shareholders convene to hear from Warren Buffett every spring. It’s part shareholder meeting, part shopping spree, and for Bertie Buffett Elliott, part family reunion. Warren Buffett’s little sister Bertie sits down with Becky Quick in a special conversation about the Buffett family upbringing and her own Warren memories. The highlights of the 2024 meeting include Warren Buffett’s take on AI, his plans for Berkshire’s $182 billion cash pile, and his pieces of advice for all listeners, old and young. Plus, catch a cameo from the Harlem Globetrotters and celebrity shareholder Bill Murray, as well as a conversation between venture capitalist Ann Winblad and CNBC’s Mike Santoli and Becky Quick. by Squawk Pod

34 min listen

BONUS: Charlie Munger: A Life of Wit and Wisdom 05/04/24: “I’m an accidental guru.” He was irreverent, he was focused, he was one of the world’s most successful investors, and he was one of a kind. Billionaire investor Charlie Munger, the longtime right-hand man and close friend of Berkshire Hathaway CEO Warren Buffett, died a few weeks shy of what would have been his 100th birthday. Becky Quick, Squawk Box co-host, interviewed Munger two weeks before his death in his home in Los Angeles. In this special conversation, Charlie Munger reflects on his century of life, the childhood traumas that shaped him, the investing wins and losses that made his career, and the perspective and knowledge he gained in his final years. For more, revisit our 2021 Squawk Pod series, Warren Buffett and Charlie Munger: A Wealth of Wisdom. Squawk Pod is produced by Katie Kramer, Cameron Costa, Karoline Rouhotas and Zach Vallese. CNBC’s Managing Editor is Lacy O’Toole. John Lazration edited this podcast seri by Squawk Pod

79 min listen

Squawk Pod Reports: Berkshire Hathaway’s 2024 Annual Meeting 05/03/24: Becky Quick is in Omaha, Nebraska, awaiting the tens of thousands of Berkshire Hathaway investors attending the company’s annual shareholders meeting, where Warren Buffett will hold court. This year is the first annual meeting without the late Vice Chair Charlie Munger; Berkshire Hathaway lead director Sue Decker sits down with Becky Quick to discuss Munger’s legacy and the future of Berkshire. Plus, CEOs of Berkshire’s portfolio companies join Becky, BNSF CEO Katie Farmer, who discusses the headwinds for her railway business, and Brooks Running CEO Dan Sheridan, who’s eyeing running business in China. Plus, longtime shareholder and GAMCO CEO Mario Gabelli stops by, for an extended conversation about the markets, media consolidation, and Warren Buffett’s leadership. Tune into CNBC’s TV and digital channels this weekend to catch every minute of the 2024 Berkshire Hathaway Annual Meeting coverage. Sue Decker 5:21 Da by Squawk Pod

42 min listen

NYC Mayor Eric Adams & California Rep. Ro Khanna 05/02/24: Approximately 300 people were arrested when the NYPD responded to protests at Columbia University and the nearby City College of New York. New York City Mayor Eric Adams discusses the city’s crackdown on college campus protests, the radicalization of youths, the immigration crisis, and more. House Select Committee on China Member Rep. Ro Khanna (D-Calif.) discusses the Biden administration’s sanctions on Chinese companies over suspected support for Russia in its war against Ukraine, as well as the fate of TikTok in the U.S. The Federal Reserve is holding rates steady; Stifel Chief Economist Lindsey Piegza breaks down the next steps in the Fed’s inflation fight. Plus, Tesla has reneged internship offers amid layoffs, and the National Labor Relations Board says Amazon CEO Andy Jassy broke federal labor law in his interviews with press. Mayor Eric Adams - 15:49 Ro Khanna - 28:24 In this episode: Eric Adams, @NYCMayor Ro Khanna, by Squawk Pod

36 min listen

A Columbia Lawsuit & a Starbucks Spill 05/01/24: Overnight, NYPD officers entered Columbia University’s campus and made roughly 100 arrests of protesters. Lawyer Jay Edelson filed a lawsuit against the school on behalf of a Jewish student who argues that the university failed to provide a safe learning environment. Edelson discusses the case and the stakes for schools across the country. Axios and Politico co-founder Jim VandeHei looks ahead to the 2024 election and former President Donald Trump’s plans for the country, should he win another term. Plus, Starbucks stock took a spill after its latest quarterly report, and cannabis is headed for a downgrade from the FDA. Jay Edelson - 13:52 Jim VandeHei - 26:05 In this episode: Jim VandeHei, @JimVandeHei Jay Edelson, @jayedelson Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY by Squawk Pod

33 min listen

Paramount CEO Steps Down & Edward Norton’s New Venture 04/30/24: Paramount Global is replacing CEO Bob Bakish with three executives in the Office of the CEO. Puck founding partner Matthew Belloni explains the uncertain future for the media company, as well as the possible outcomes for shareholders. Actor Edward Norton has spent enough time in board meetings to know that it’s time to bring corporate governance decisions into 2024. He says his new tech company Zeck is his hope for streamlined board meetings. CNBC’s Steve Liesman says the latest Fed survey respondents are pushing their rate cut forecasts further out. On college campuses, tensions are escalating; Columbia protesters stormed and occupied a university building. Trump Media stock has been on a roller coaster, and NBCUniversal is reportedly preparing a bid for NBA rights. Plus, CNBC is your ticket to this Saturday’s Berkshire Hathaway Annual Meeting with Warren Buffett. If you’re a shareholder and have a question for the Oracl by Squawk Pod

28 min listen

Campus Activism & A Real Estate Warning 04/29/24: Elon Musk took a brief surprise meeting with Chinese Premier Li Qiang, securing tentative approval for self-driving Teslas in China. America’s college campuses are divided over the Israel-Hamas war and the U.S. involvement in it; former SEC Chairman and Ivy League educator Jay Clayton discusses the sentiment among activists and young people across the country. Retired real estate developer Bruce Ratner issues a warning for his industry. The man behind the redeveloped Times Square and Downtown Brooklyn is also on the board of Memorial Sloan Kettering, and he’s pushing for early cancer detection in his new book. Plus, regulators seized Republic First Bank in the first bank failure of 2024, and journalists are catching up on the jokes from this weekend’s White House correspondents’ dinner. Jay Clayton - 12:23 Bruce Ratner - 23:19 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie K by Squawk Pod

31 min listen

Trump’s Fed Power Grab? 04/26/24: Former President Donald Trump's political allies are crafting a plan to increase his influence over the Federal Reserve, potentially even making him an "acting" member of the central bank’s board, according to The Wall Street Journal. Nick Timiraos, the Journal's Chief Economics Correspondent, discusses the implications if Trump wins in November. Former FDA Commissioner Dr. Scott Gottlieb weighs in on Moderna's partnership with OpenAI, the AI drug revolution, his own AI venture, and updates on the bird flu presence in America’s pasteurized milk. Plus, CNBC's Steve Kovach breaks down Alphabet and Microsoft earnings and explores the future of AI investment for the megacap tech companies. Nick Timiraos - 10:08 Steve Kovach - 17:22 Dr. Scott Gottlieb - 22:12 . In this episode: Nick Timiraos, @NickTimiraos Scott Gottlieb, @ScottGottliebMD Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese by Squawk Pod

30 min listen

Robert Kraft Confronts Campus Hate & Lina Khan on Banning Noncompetes 04/25/24: The Federal Trade Commission voted for a nationwide ban against noncompete agreements, which companies use to prevent employees from taking jobs with competitors in the same industry. FTC Chair Lina Khan addresses the agency's decision for the ban, as well as the potential impacts on businesses and workers. Meanwhile, House Speaker Mike Johnson and his Republican colleagues faced opposition when they appeared at Columbia University amid ongoing protests against Israel's conflict with Hamas. Robert Kraft, New England Patriots owner and founder of the Kraft Group and the Foundation to Combat Antisemitism, discusses the recent protests at Columbia University and other campuses and the concerning rise of antisemitism and his efforts to combat it. Plus, the Biden administration introduces new rules for airlines, mandating automatic cash refunds and prohibiting surprise fees. Lina Khan - 04:05 Robert Kraft - 24: by Squawk Pod

38 min listen

Google’s Sit-In Pushback & Debating Student Debt Relief 04/24/24: Google has fired 50 employees over sit-in protests at the office. Yale Lecturer Joanne Lipman and The Verge’s Alex Heath discuss activism in the office, and tech’s inflection point with its employees. Jason Furman, a Democrat economist, is making his case against President Biden’s student debt relief plan, arguing that it will make inflation worse. CNBC’s Steve Liesman is breaking down U.S. productivity data and what it means for the Federal Reserve. Plus, the Federal Trade Commission has voted to ban non-competes for employee contracts, Jamie Dimon is speaking out with his concerns for the economy, and Meta’s AI glasses are getting an update. Joanne Lipman & Alex Heath - 19:35 Steve Liesman - 27:14 Jason Furman - 30:28 In this episode: Joanne Lipman, @joannelipman Alex Heath, @alexeheath Steve Liesman, @steveliesman Jason Furman, @jasonfurman Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrew by Squawk Pod

41 min listen

College Campuses Boil Over & Nobel Prize-Winner Joseph Stiglitz 04/23/24: Elite university campuses are fraught with tension as students clash with each other and college administrations over the Israel-Hamas War. Over 100 students have been arrested from pro-Palestinian demonstrations on Yale, NYU, and Columbia campuses, videos of brazen antisemitism have gone viral, and one Rabbi in Columbia’s community encouraged Jewish students to go home for their own safety. NYC Rabbi David Ingber explains the escalations and safety concerns, while donor and Columbia Business School alumnus Leon Cooperman discusses the responsibilities of higher education institutions. Plus, Nobel Prize-winning economist Joseph Stiglitz maps out the Federal Reserve’s road ahead, and Elon Musk is at odds with Australia’s Prime Minister over posts on X. Rabbi David Ingber - 12:11 Leon Cooperman - 22:44 Joseph Stiglitz - 26:26 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @a by Squawk Pod

34 min listen

Verizon CEO, Gen Z on Capitalism, & DC’s Weekend Progress 04/22/24: At Columbia in New York, protests and antisemitism on campus have prompted a day of remote learning for student safety, as well as commentary from Mayor Eric Adams. In DC, the House has passed a series of bills securing aid funding for Israel, Ukraine, and Taiwan, as well as the divest-or-ban TikTok bill. CNBC’s Emily Wilkins reports on the legislation and its impact on Speaker Mike Johnson’s career. In the thick of Wall Street’s earnings season, Verizon CEO Hans Vestberg discusses his company’s latest financial results and inflation’s pressures on consumers. Plus, pollster Frank Luntz is taking stock of Gen Z’s opinions on capitalism and democracy. He urges corporate America to pay attention to their grievances. Emily Wilkins - 03:16 Frank Luntz - 09:55 Hans Vestberg - 19:42 In this episode: Emily Wilkins, @emrwilkins Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @ by Squawk Pod

26 min listen

A Retaliatory Strike, DC’s TikTok Clock, & The Property Brothers 04/19/24: After Israel’s retaliatory strike at Iran, NBC’s Raf Sanchez is on the ground in Tel Aviv, reporting that both countries are downplaying an escalation. Stateside, CNBC’s Emily Wilkins discusses the TikTok divest-or-ban bill’s road through Congress, including its vote this weekend. Former White House Chief Technology Officer Aneesh Chopra explains the national security threats and TikTok’s road ahead. Plus, Meta has launched its newest AI tool, former President Trump’s criminal trial jury has been selected, and HGTV’s Property Brothers Drew and Jonathan Scott discuss the housing market, maximizing value, and flipping for profit. Raf Sanchez - 02:49 Emily Wilkins - 13:32 Aneesh Chopra - 16:43 Drew & Jonathan Scott - 23:53 In this episode: Raf Sanchez, @rafsanchez Emily Wilkins, @emrwilkins Melissa Lee, @MelissaLeeCNBC Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie by Squawk Pod

30 min listen

WNBA Salaries, Amazon’s ‘Big River,’ & Russia’s Interference 04/18/24: Caitlin Clark will make under $77,000 a year as the WNBA’s top pick, while her counterpart in the NBA will make $10.5m. CNBC’s Jon Fortt explains the gender gap in sports salaries and in revenues. Microsoft has found that Russia’s election interference is already underway; the company’s former cyber policy head and current chief public policy officer at SentinelOne Chris Krebs says it’s a group effort, to keep global votes safe from bad actors. Plus, Google employees were laid off after protesting, President Biden is reimposing sanctions on Venezuelan oil, and The Wall Street Journal uncovered Amazon’s secret operation to gather intel on competitors like Walmart: Big River. Plus, Squawk Pod is nominated for a Webby Award! It’s your last day to vote for us, so don’t forget to show your support here. If you haven’t heard our nominated episode, check out our special series, "Charlie Munger: A Life of Wit and Wisdom," f by Squawk Pod

27 min listen

3 Olympians, 100 Days from Paris, & 1 Big Pay Package at Tesla 04/17/24: Months after a Delaware judge voided Elon Musk’s pay package from Tesla, Tesla is asking shareholders to vote again on Musk’s $56B compensation deal. In a proxy statement, the company is also asking shareholders to approve moving Tesla’s incorporation from Delaware to Texas. Tulane Law professor Ann Lipton parses the proxy and the legal precedent for this shareholder vote. President Biden is hoping to triple the China tariff rate on steel and aluminum imports, and Federal Reserve Chair Jay Powell is signaling a longer wait for rate cuts. Plus, the 2024 Paris Olympics are 100 days away! Olympians Maggie Steffens, the Team USA Women’s Water Polo Captain, her teammate Ashleigh Johnson, and Women’s Wheelchair Basketball Paralympian Courtney Ryan say their training is just as intense as ever. And don’t forget to show your support for Squawk Pod! We’re up for a Webby Award, but we can’t win without your votes. Vote for by Squawk Pod

30 min listen

DC Aid Packages, Bitcoin’s Volatility, & Trump Media’s Slide 04/16/24: Days after bitcoin’s weekend plunge and days before the bitcoin halving, Galaxy Digital CEO Michael Novogratz discusses the trajectory of crypto assets amid geopolitical and monetary policy uncertainty. Shares of Trump Media are down 60% from the company’s high in March, after its debut. Semafor business and finance editor Liz Hoffman discusses Truth Social, the platform Trump Media owns, and she considers who owns the volatile stock–and why. House Speaker Mike Johnson plans to split an aid package for Ukraine, Israel, and other U.S. allies into separate bills. Punchbowl News co-founder Jake Sherman discusses what’s at stake for Speaker Johnson (R-LA) and for the GOP. Plus, CNBC’s Emily Wilkins reports on lawmakers encouraging the Nasdaq to delist Chinese companies blacklisted by the Defense Department. And don’t forget to show your support for Squawk Pod! We’re up for a Webby Award, but we can’t win without your vo by Squawk Pod

29 min listen

Iran’s Attack: Weighing Israel’s Response & Market Impacts 04/15/24: In a first-ever direct attack, Iran launched 300 drones and missiles at military targets inside Israel. The New York Times National Security Correspondent David Sanger explains the geopolitics at play in the Middle East and beyond, including the roles of China and Russia in a conflict between Iran and Israel. CNBC’s Eamon Javers discusses the US response in Washington, and CNBC’s Steve Liesman explains the impact of escalating tensions on the markets and on Fed policy. Plus, it’s tax day! IRS Commissioner Daniel Werfel shares news we can all use: late filing fees, online returns, and the probability of a refund–even from 2020! And, Squawk Pod is nominated for a Webby Award! Vote for Squawk Pod here and support our special series, "Charlie Munger: A Life of Wit and Wisdom," featuring our final interview with the Berkshire Hathaway Vice Chair. Eamon Javers - 02:55 David Sanger - 11:00 Steve Liesman - 18:54 Daniel Werfe by Squawk Pod

36 min listen

Amazon’s High, Food Inflation, & Antisemitism Report Cards 4/12/24: The Anti-Defamation League has released its Antisemitism Report Cards, grading U.S. universities on rates of antisemitism and administration responses to discrimination against Jewish students. ADL CEO Jonathan Greenblatt explains why institutions like MIT, Harvard, and Princeton got failing grades, and what it means for prospective students. As food inflation rises, Agriculture Secretary Tom Vilsack discusses rising costs, dwindling farmland, and encouraging entrepreneurship among American farmers. Amazon stock has hit an all-time-high, nearing a $2T market capitalization; head of internet research at Evercore ISI Mark Mahaney explains his stock picks for the tech sector. CNBC’s Julia Boorstin reports that the divest-or-ban TikTok bill is hitting snags in the Senate. Plus, what do Taylor Swift and Squawk Pod have in common? We’re both nominated for a Webby Award! Vote for Squawk Pod here and support our special series by Squawk Pod

29 min listen

Amazon CEO Andy Jassy 4/11/24: Amazon CEO Andy Jassy sits down with Andrew Ross Sorkin at Amazon headquarters in Seattle, the morning Jassy published his annual letter to shareholders. In an extended, wide-ranging conversation with Andrew, Andy Jassy discusses AI-enabled transformations (like delivery drones!), building out technology for every part of the tech stack, and streaming sports on Amazon Prime. Plus, Jassy weighs in on regulator scrutiny on the tech industry, as well as in-office work. Plus, Squawk Pod is up for a Webby Award! Vote for us here and support Squawk Pod’s special series, "Charlie Munger: A Life of Wit and Wisdom," featuring our final interview with the Berkshire Hathaway Vice Chair. Andy Jassy - 10:48 In this episode: Andy Jassy, @ajassy Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Michael Santoli, @michaelsantoli Katie Kramer, @Kramer_Katie by Squawk Pod

36 min listen

Hot Inflation Data & a Boeing Whistleblower 4/10/24: The Consumer Price Index came in hotter than expected, rising 3.5% from a year ago and 0.4% on the month. CNBC’s Rick Santelli and Steve Liesman break down the report and its implications for the Federal Reserve’s monetary policy with former Labor Department Chief Economist Betsey Stevenson. A Boeing engineer has turned whistleblower, alleging issues on the Boeing aircraft assembly line. Former FAA Administrator Randy Babbitt discusses the workplace culture across the airline industry, taking stock of the toll manufacturing culture takes on aircraft safety. Deputy Treasury Secretary Wally Adeyemo is urging Congress to approve regulatory tools to crack down on cybercriminals using cryptocurrencies. Adeyemo explains his concerns with crypto crime, including the Treasury's recommended reforms. Plus, Intel has unveiled a new AI chip, the USPS is raising the price of stamps, and Scrabble is making board changes to encourage teamwork. Wal by Squawk Pod

27 min listen

Trade Talks & Trick Shots: Rahm Emanuel & YouTubers Dude Perfect 4/9/24: President Biden will host Japanese Prime Minister Fumio Kishida in the first White House visit from Japan’s PM since 2015. U.S. Ambassador to Japan Rahm Emanuel discusses geopolitics in Asia and managing a “frenemy” relationship with China. YouTuber group Dude Perfect has secured over $100m from investor Jason Illian, the general partner at Highmount Capital. They discuss the group's expansion beyond YouTube and the many trickshots in their 15 years of content creation. Plus, the UConn Huskies triumphed in the men's March Madness tournament, Google is making adjustments to its employee message board, and Elon Musk's predicts AI will be outsmarting humans by the end of next year. Rahm Emanuel - 10:27 Dude Perfect - 23:35 In this episode: Rahm Emanuel, @USAmbJapan Dude Perfect, @DudePerfect Jason Illian, @JasonIllian Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese by Squawk Pod

31 min listen

SC’s Win with WNBA Head & Total Eclipse with Fmr. NASA Astronaut 04/08/24: Former NASA astronaut Mike Massimino is watching the eclipse from Arkansas, square in the path of totality. He explains how to safely view the event, either with special glasses or with a pinhole camera. South Carolina women’s basketball defeated Caitlin Clark’s Iowa team in the NCAA championship. WNBA Commissioner Cathy Engelbert, former Deloitte CEO, discusses the victory’s momentum for women’s sports and record breaking viewership. U.S. Treasury Secretary Janet Yellen is in China, and CNBC’s Sara Eisen reports that her visit has been covered positively by the Chinese media. Plus, Snapchat is responding to backlash for its “friend ranking” feature, and Brazilian Supreme Court Justice has initiated an investigation of Elon Musk over his refusal to restrict certain X accounts in Brazil. Happy eclipse viewing! Cathy Engelbert - 15:44 Mike Massimino - 21:32 In this episode: Mike Massimino, @Astro_Mike Sara Eisen by Squawk Pod

27 min listen

Maryland Gov. Wes Moore: A Cataclysmic Impact on the U.S. Economy 04/05/24: After the Francis Scott Key Bridge collapse, Baltimore is hoping to clear debris in the port and rebuild. Ahead of President Biden’s visit to the city, Maryland Governor discusses Baltimore’s importance to the entire U.S. economy, and delivers a message to lawmakers in Washington reluctant to approve federal funds for the rebuild. Venture capitalist Alan Patricof has seen many tech revolutions, and he’s optimistic about AI’s. At 89, he’s not slowing down; he discusses his investments in the AI-enabled longevity economy, and his perspective on America’s retirement ecosystem. Plus, the U.S. economy added 303,000 jobs in March, well above expectations. CNBC’s Rick Santelli and Steve Liesman break down the unemployment rate and what the numbers mean for the Federal Reserve’s fight against inflation. Rick Santelli & Steve Liesman - 04:49 Emily Wilkins - 17:02 Gov. Wes Moore - 18:25 Alan Patricof - 26:24 In this e by Squawk Pod

33 min listen

Barry Diller on Disney’s Win & Social Media’s Toll on Teens 04/04/24: Disney’s Bob Iger has won his boardroom proxy battle against Nelson Peltz. Media mogul and IAC Chairman Barry Diller weighs in on the evolution of entertainment, including the path forward for Disney, for Paramount Global, and for streamers competing with Netflix. As founder of Fox Broadcasting and former CEO of Paramount, Diller shares his perspective on TikTok, AI, and a four-day workweek. Plus, Snapchat is testing a new feature for subscribed users: rankings in friend orbits. The Wall Street Journal suggests that Snapchat’s newest innovation could make social media’s toll on teen mental health even worse. Tech venture capitalist Bradley Tusk discusses the rising rates of anxiety and depression among young people, and he highlights the need for federal regulation of social media. Barry Diller - 13:14 Bradley Tusk - 33:51 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrew by Squawk Pod

40 min listen

Point72’s Steve Cohen: Owning the Mets & Betting on AI 04/03/24: Billionaire hedge funder and Point72 CEO and Chairman Steve Cohen discusses his $2.4B purchase of the New York Mets, his investment in golf via the PGA and Tomorrow Golf League, and his bet on sports business. Cohen shares his view on AI equities and on the Federal Reserve’s goal of a 2% inflation rate. Plus, an update on the boardroom drama at Disney. Steven Cohen - 10:52 In this episode: Steven Cohen, @StevenACohen2 Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer: @Kramer_Katie by Squawk Pod

30 min listen

The Four-Day Week Experiment & Steve Eisman: The Economy is Fine 04/02/24: Neuberger Berman senior portfolio manager Steve Eisman weighs in on the Federal Reserve’s interest rate debate; Eisman says, the economy is fine, and the Fed has no reason to cut rates this year. Former Flywheel CEO Sarah Robb O’Hagan explains her experiment with a four-day-workweek at her new company, Exos. Plus, Disney’s future hangs in the balance of a board vote this week, shares of Trump Media stock DJT jumped and then stumbled over 20%, and Google is destroying billions of “private” and “incognito” data records, settling a consumer privacy lawsuit. Steven Eisman - 16:14 Sarah Robb O’Hagan - 29:54 In this episode: Steven Eisman, @EismanSteven Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer: @Kramer_Katie by Squawk Pod

33 min listen

California’s $20 Minimum Wage & Home Wins for DC Sports 04/01/24: Half a million California fast food workers are getting a pay bump, starting today. A $20 minimum wage might be good for workers, but McDonald’s franchisee Scott Rodrick warns, it might mean higher costs for business owners and for consumers. In DC, Mayor Muriel Bowser struck a deal to keep the Washington Capitals and Wizards playing in their home city. Mayor Bowser explains the sports deal and addresses concerns about crime in her city. Plus, CNBC’s Robert Frank reports that stocks have fueled a wealth boom, and the Federal Reserve has another data point to factor into interest rate policy: core PCE. Robert Frank - 09:03 Mayor Muriel Bowser - 15:26 Kate Rogers - 25:27 Scott Rodrick - 28:54 In this episode: Muriel Bowser, @MayorBowser Robert Frank, @robtfrank Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer: @Kramer_Katie by Squawk Pod

32 min listen

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Home Depot’s Deal, TikTok’s Voter Divide, & SBF’s Sentencing 03/28/24

Home Depot’s Deal, TikTok’s Voter Divide, & SBF’s Sentencing 03/28/24

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