Musk’s Stock Sales; Pfizer’s Covid Pill; Slack and the Newest Normal

As holiday travel ramps up, Southwest Airlines is landed with a $140 million fine for last holiday season’s travel meltdown. U.S. Transportation Secretary Pete Buttigieg emphasizes airline obligations to passengers, as well as the infrastructure needed to protect American consumers and travelers. Companies must now disclose cyberattacks in a timely manner, in compliance with new rules from the SEC. Former CEO of FireEye and current Mandiant CEO Kevin Mandia explains the implications of this new rule for shareholders and corporations. Plus, the world’s fourth largest steel producer, Japan’s Nippon Steel, is buying US Steel for $14.9 billion. CNBC’s Courtney Reagan reports on the strength of beauty this holiday season, as the total addressable market for the sector expands in age and gender identity. Courtney Reagan - 6:49Phil Lebeau - 13:10Pete Buttigieg - 20:03Kevin Mandia - 28:36 In this episode:Pete Buttigieg, @SecretaryPeteCourtney Reagan, @courtreaganPhil Lebeau, @LebeaucarnewsJoe 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.

18 Joulu 202336min

The Senate will wait another week to go on holiday recess, after Senate Majority Leader Chuck Schumer delayed the break until lawmakers reach a deal on immigration and foreign aid. Senator Markwayne Mullin (R-Ok.) discusses the packages for Ukraine, Israel, and securing America’s own border. After a meeting in St. Vincent & the Grenadines, Venezuela President Maduro and Guyana President Arfaan Ali have not reached a resolution to their territorial dispute. Former international correspondent for CNBC Michelle Caruso-Cabrera explains Maduro’s strategy, the geopolitics of the region, and the impact of their conflicting claims to an oil-rich area. Celebrity chef and restaurateur Lidia Bastianich is celebrating 25 years since her cooking show launch, and she’s still cooking for America through her restaurants, cookbooks, and Eataly.She  joins the team for a look at consumer appetites this season, including their spending and eating habits. Plus, Citigroup is closing its municipal offering business.  Sen. Markwayne Mullin - 15:28Lidia Bastianich - 29:27 In this episode:Markwayne Mullin, @SenMullinAndrew Ross Sorkin, @andrewrsorkinBecky 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.

15 Joulu 202334min

Federal Reserve Chair Jay Powell surprised Wall Street with his announcement of a more dovish approach to inflation, moving forward. Powell signaled a 2024 of rate cuts from the central bank. OpenAI scored a deal with Politico and Business Insider parent Axel Springer, the company’s second deal with a news organization. Tulane Professor and Perella Weinberg Advisory Partner Walter Isaacson discusses AI’s role in newsrooms and the deals’ impacts on journalism. The Project Liberty founder Frank McCourt explains his idea for reclaiming our personal data online and keeping kids safe on the internet. Plus, Citigroup is offering early bonuses to departing employees.  Frank McCourt - 16:35Walter Isaacson - 25:51 In this episode:Walter Isaacson, @walterisaacsonMichael Santoli, @michaelsantoliAndrew Ross Sorkin, @andrewrsorkinBecky 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.

14 Joulu 202331min

Billionaire investor, Home Depot co-founder, and NYU Langone Health board chair Ken Langone discusses his latest market buys, his calls for pharma stocks, and his apprehension about investing in China. Former SEC Chair and University of Pennsylvania professor Jay Clayton joins Ken Langone in a discussion about leadership on American college campuses in the aftermath of controversial testimonies from university presidents on Capitol Hill. Plus, Netflix has released viewership numbers, Presidents Biden and Zelenskyy shared a hug in the Oval Office, Pfizer disappointed investors, and US Treasury Secretary Janet Yellen believes that we are on our way to a “soft landing.” Ken Langone - 14:00Jay Clayton - 25:42 In this episode:Andrew Ross Sorkin, @andrewrsorkinBecky 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.

13 Joulu 202334min

In a recent op-ed, Ariel Investments Co-CEOs Mellody Hobson and John Rogers predict investors’ best bets for 2024. Hobson and Rogers explain why, after a big year for tech’s ‘magnificent seven,’ it may be time to cash in on smaller stocks. Boomers are driving spending! Bank of America Institute has released new data on consumer spending in November; head of the Institute Liz Everett Krisberg discusses the highlights, including spending trends across Gen Z, millennials, Gen X, and boomers. Plus, Hasbro is cutting 20% of its workforce, teens are on YouTube and TikTok “almost constantly” and Epic Games has won its antitrust lawsuit against Google. Steve Kovach - 06:25Liz Everett Krisberg - 15:30Mellody Hobson & John Rogers - 24:23 In this episode:Andrew Ross Sorkin, @andrewrsorkinBecky 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.

12 Joulu 202330min

Occidental Petroleum will buy CrownRock for $12 billion, deepening its foothold in the Permian basin. Energy expert and author of “The New Map: Energy, Climate and the Clash of Nations” Daniel Yergin explains what the recent flurry of oil industry mergers means for geopolitics. The FDA has approved treatment for sickle cell disease, the first treatment to use the gene-editing tool CRISPR. Former FDA Commissioner Dr. Scott Gottlieb discusses a treatment’s journey from lab to patients, as well as improving the public’s access to life-saving care. Plus, Macy’s has a $5.8 billion buyout offer, and University of Pennsylvania’s President Elizabeth Magill has resigned after her controversial testimony on Capitol Hill last week. Daniel Yergin - 15:38Dr. Scott Gottlieb - 23:50 In this episode: Dan Yergin, @danielyerginScott Gottlieb, @ScottGottliebMDMichael Santoli, @michaelsantoliAndrew Ross Sorkin, @andrewrsorkinBecky 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.

11 Joulu 202329min

After the presidents of Harvard, MIT, and the University of Pennsylvania testified on Capitol Hill this week, UPenn President Elizabeth Magill’s comments sparked backlash among the public and one of her colleagues. Concerns that university presidents are equivocating on the issue of condemning antisemitism on their campuses has prompted a nationwide debate over the role of academia and the business of higher education. President of Brandeis University Ron Liebowitz says, there’s no gray area in creating safe spaces to learn, at least for him. The November jobs report delivered some welcome economic news for the Federal Reserve, ahead of the central bank’s two-day meeting next week. Plus, CNBC’s Diana Olick is on the ground at COP28, the UN Climate Change Conference, and CNBC’s Robert Frank fact checks the great wealth migration: New York has not lost all its millionaires.  Ron Liebowitz - 14:02Diana Olick - 23:42Robert Frank - 27:43 In this episode:Ron Liebowitz, @BrandeisUDiana Olick @DianaOlickRobert Frank, @robtfrankAndrew Ross Sorkin, @andrewrsorkinBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

8 Joulu 202329min

Senator Elizabeth Warren (D-Mass.) discusses her concerns about cryptocurrency, after big bank CEOs appeared before Congress this week. It turns out, Sen. Warren and JPMorgan Chase CEO Jamie Dimon agree on the dangers of bitcoin. JetBlue and Spirit await the fate of their proposed merger. Columbia Law School Professor and former advisor in the Biden administration Tim Wu explains his perspective on airline consolidation: it isn’t great for consumers. In an op-ed in The New York Times, Wu concludes that M&A in the airspace often leads to higher prices for the same experience. The fourth Republican Presidential debate took place in Alabama on Wednesday, but only four of the candidates participated. Plus, Time Magazine has named Taylor Swift its Person of the Year. CNBC’s Jon Fortt explains why that decision does and doesn’t make sense.  Sen. Elizabeth Warren - 15:34Tim Wu - 34:42 In this episode:Elizabeth Warren, @SenWarrenJon Fortt, @jonforttAndrew Ross Sorkin, @andrewrsorkinBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

7 Joulu 202341min