Kevin McCarthy’s Fate, SBF’s Jury, & AI in your Inbox 10/03/23
Days after avoiding a government shutdown, House Speaker Kevin McCarthy faces potential ouster from leadership by his own party. He shares directly with Squawk Box listeners why he is optimistic he’ll prevail. Jury selection kicks off today in the criminal trial of one-time crypto king Sam Bankman-Fried and Microsoft is launching an AI assistant that could transform your work calendar. Steve Kovach reports on the good (?) news that busy office workers can be in two meetings at once. Rep. Kevin McCarthy - 16:01Steve Kovach - 28:10 In this episode: Kevin McCarthy, @SpeakerMcCarthyAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie 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.
3 Loka 202332min
Bill Ackman Lights a SPARC & Sam Bankman-Fried Heads to Court 10/02/23
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 Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
2 Loka 202340min
Barry Sternlicht Takes on the Economy, and Meme Stock Mania Returns 9/29/23
Barry Sternlicht, the hospitality and real estate investor, discusses the risks to the economy from union strikes and the Federal Reserve’s interest rate policy. Washington inches closer to a shutdown as House members have failed to come up with a consensus government funding deal – setting up a busy weekend in the Capitol. GameStop activist Ryan Cohen is becoming the retailer’s CEO, nearly three years after the “Meme Stock Mania” showcased individual investors betting on the mall retailer against hedge funds shorting the stock. Author Ben Mezrich remembers fondly the GameStop craze and the story in the new movie “Dumb Money,” The Antisocial Network. Sternlicht - 14:03Mezrich - 31:02 In this episode:Ben Mezrich, @benmezrichAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickZach Vallese, @zachvallese Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
29 Syys 202336min
A Deadline Looms for Kevin McCarthy and Coinbase Goes to Washington 9/28/23
With just days to go before a government funding deadline, House Speaker Kevin McCarthy criticizes a short-term Senate government funding bill — stoking more fears that a shutdown could take place — saying the measure would not bolster border security. Crypto trading platform Coinbase is leading a lobbying effort in Washington to find lawmakers supportive of developing new laws for the crypto industry. CEO Brian Armstrong discusses his goals for “Stand with Crypto Day.” Plus, the highlights of the second debate for Republican Presidential candidates, Bank of America CEO Brian Moynihan’s biggest worries and Delta walks back controversial changes to its SkyMiles program. Rep. Kevin McCarthy 14:01Brian Armstrong - 28:02 In this episode:Kevin McCarthy, @SpeakerMcCarthyBrian Armstrong, @brian_armstrongAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickZach Vallese, @zachvallese Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
28 Syys 202338min
Khan’s Case against Amazon & Union Politics 9/27/23
Lina Khan, FTC Chair, is frequently seen as the face and the voice of the Biden administration’s antagonism against the “bigness” of big tech. The Federal Trade Commision and 17 states have filed a landmark lawsuit against Amazon for monopolistic practices; the chair of the commission defends the agency’s decision to pursue the company. President Biden became the first sitting President to walk a picket line, when he traveled to Michigan to throw his support behind striking autoworkers. Detroit’s legacy car companies could be pressured by the UAW strike right into bankruptcy, warns Tesla CEO Elon Musk. Walter Isaascson, Musk’s biographer, weighs in on the view of one of the world’s richest men toward unions and how work is changing. Plus, Target announces store closures due to a rise in retail theft and the WGA strike ends, sending writers back to work. Lina Khan 12:41Walter Isaacson - 24:24 In this episode: Lina Khan, @linakhanFTCWalter Isaacson, @walterisaacsonAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie 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.
27 Syys 202333min
Barry Diller on Hollywood Hegemony, Strikes and Streaming 9/26/23
“AI, Schmay-aye” says Barry Diller, on the technology the markets and the content industry can’t stop talking about. The media mogul joins the Squawk Box gang for a deep dive into the causes – and the impact – of the historic twin strikes that have crippled Hollywood. The IAC Chairman and one-time studio head says a marked, existential shift is coming to film and TV, and not a moment too soon. Plus, JPMorgan Chase CEO Jamie Dimon, in Indian, warns that interest rates could rise sharply from here, President Biden heads to the UAW picket line in Detroit today and, shhhhh – ChatGPT is listening. Barry Diller 15:30 In this episode: Phil LeBeau, @LebeaucarnewsAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie 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.
26 Syys 202335min
Countdown to Shutdown, Austan Goolsbee on Inflation, and We’re Singing in the Rain 9/25/23
The government funding deadline – midnight on October 1st – is looming and the likelihood of a federal shutdown is high. Pimco’s head of public policy, Libby Cantrill, describes the gamesmanship in Washington and weighs in on its potential impact to investors and consumers. Inflation persists in spite of the Federal Reserve’s rate hike strategy. Chicago Fed President Austan Goolsbee defends the central bank’s goals, arguing that avoiding a recession is still possible – but inflation remains a risk. Puck’s Matt Belloni on the tentative deal between the WGA and Hollywood studios to end the 4 month-long writers strike, Taylor Swift upstages the NFL and Tinder offering subscriptions for seriously-motivated daters. Plus, the earworms we can’t stop singing! Matt Belloni 04:32Emily Wilkins 14:49Libby Cantrill 16:42Austan Goolsbee 25:17 In this episode:Matthew Belloni,@mattbelloniEmily Wilkins, @emrwilkinsLibby Cantrill, @PimcoAustan Goolsbee, @Austan_GoolsbeeJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie 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.
25 Syys 202333min
Antitrust Trial of (This) Century: DOJ vs. Google; China’s Moves around Taiwan 9/22/23
Over the next few months, the DOJ and a collection of state attorneys general will make their case to a D.C. District Court judge for why Google has allegedly violated anti-monopoly law through exclusive agreements with mobile phone manufacturers and browser makers to make its search engine the default for consumers. Tim Wu, Columbia University Law School professor and former Biden administration antitrust advisor, discusses the ongoing Google antitrust trial and why he believes the trial will re-write our future. Admiral James Stavridis, former Supreme Allied Commander of NATO, discusses the current state of China-Taiwan tensions and the risk of a potential conflict in the region. Plus,the Republican stalemate over government funding continues and roughly 12,700 UAW workers are currently on strike, but the movement is spreading to more plants. Additional links: Check out Harry Wilson, former senior member of President Obama’s auto industry tax force, offering lessons from previous auto strikes, recently on Squawk Box. Tim Wu: 12:50James Stavridis: 22:04In this episode:Joe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie 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.
22 Syys 202327min
