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

Tech CEOs traveled to Washington, D.C. for a one-of-a-kind closed-door meeting with Senators on the rising regulatory implications of artificial intelligence. One of the lawmakers who organized the session, Sen. Todd Young (R-IN), argues that there is an “appropriate” role for government in determining the future of AI. The death of hope for Generation Z is greatly exaggerated, says NYU Stern School of Business Professor Suzy Welch, breaking out new data from Gallup. She asserts that the young Americans entering the workforce, or about to, are more optimistic than the olds think. Plus, what the looming auto worker strike tells us about the economy and how working Americans feel. The Delta Sky Club just got harder to get past the gatekeeper, and Arby’s has the meats! Or, does it?  Todd Young - 18:19Suzy Welch - 25:21In this episode: Todd Young, @SenToddYoungSuzy Welch, @suzywelchAndrew 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.

14 Syys 202332min

Billionaire buy-and-hold investor Ron Baron discusses his–and his clients’--many millions betting on Elon Musk. One of Tesla’s biggest bulls, Baron discusses his stakes in the EV company and in SpaceX, as well as his expectations for Mars exploration and for X’s evolution. Plus, OTC cold medicine doesn’t work, the United Auto Workers union is planning a strike in Detroit, and the consumer price index made its biggest monthly gain of the year, up 3.7% from last year. Ron Baron - 13:19In this episode:Andrew 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.

13 Syys 202331min

Walter Isaacson’s book “Elon Musk” hit shelves today, after two years of unrestricted access to the Tesla and X chief. The seasoned journalist and biographer discusses the good, bad and ugly behind Musk and the demons that drive him. Isaacson recounts a heated exchange between the Tesla CEO and Bill Gates, how Elon Musk thinks of his own power, and what’s behind Musk’s controversial midnight posts on X. Plus, eight more tech companies including Adobe, IBM, and Nvidia have signed up for President Joe Biden’s voluntary commitments regarding artificial intelligence. Walter Isaacson 14:56In this episode:Walter 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.

12 Syys 202336min

U.S. President Joe Biden has called on G20 leaders to further support the World Bank and other multilateral development banks to increase their ability to support low and middle-income countries. Biden has previously said that developing countries need to reduce their dependence on China and help them recover from the effects of Russia’s war on Ukraine. Deputy Treasury Secretary Wally Adeyemo discusses the President’s recent trip to Asia, as well as China’s economic weakness and Xi Jinping’s leadership. After leading PayPal, Facebook messenger, and Meta’s payments venture, David Marcus has co-founded Lightspark, a bitcoin-based payments network built on the Lightning network. He shares his take on the current state of crypto and on a new era of a maturing bitcoin. Plus, Smucker has agreed to pay $5.6 billion to acquire Hostess Brands, and 19-year-old Coco Gauff became the latest Black American woman to leave a history-making mark on the most sacred grounds of U.S. tennis.Wally Adeyemo - 10:50David Marcus - 25:37In this episode:David Marcus, @davidmarcusWally Adeyemo, @TreasuryDepSecAndrew 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.

11 Syys 202329min

In a first-of-its-kind partnership, CNBC, First in Business Worldwide, and Boardroom, Kevin Durant and Rich Kleiman’s premier media brand covering the business of sports, music and entertainment, teamed up to produce Game Plan. From what drives the modern-day sports fan to emerging opportunities in teams and leagues, CNBC goes courtside with the most influential leaders from across the sports landscape including athletes, owners, investors and innovators to break down their game plan for these rapidly evolving businesses. This event took place on July 25th, 2023 in Los Angeles. Featuring: Andrew Ross Sorkin, “Squawk Box” Co-Anchor Scott Wapner, “Fast Money Halftime Report” and “Closing Bell” Host Julia Boorstin, CNBC Senior Media & Tech Correspondent Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

11 Syys 202343min

Apple shares have been under pressure this week, as reports of China’s restriction of Apple products continue. CNBC’s Beijing Bureau Chief Eunice Yoon discusses the report and the CCP’s approach to American big tech. Commissioner of the U.S.-China Economic and Security Review Jacob Helberg warns that this ‘tech war’ could give way to a military war between China and the US. As students get back to school and workers head back to the office, the MTA is prepared for an uptick in NYC ridership, despite the subway’s recent fare hike. MTA CEO Janno Lieber argues that congestion pricing is a good thing for commuters, and explains the declining crime rates in the MTA systems. Plus, Elon Musk interfered in the Russian war with Ukraine, BMW is making small (and hot) changes, and Goldman Sachs CEO David Solomon is speaking out about his negative press.  Eunice Yoon 15:37Jacob Helberg 17:57Janno Leber 28:13 In this episode:Janno Lieber, @MTAEunice Yoon, @onlyyoontvAndrew 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.

8 Syys 202335min

Investing legend Leon Cooperman is out with a new book, “From the Bronx to Wall Street: My Fifty Years in Finance and Philanthropy.” The Omega Family Office CEO and Chairman discusses his current holdings, his outlook on inflation and recession, and why he’s a lifelong–and sentimental–capitalist. Apple shares were under some pressure after a report that China restricted iPhone use for government officials. Warner Brothers Discovery CEO David Zaslav spoke on the streaming landscape and Hollywood strikes at a Goldman Sachs conference. Plus, CNBC’s Personal Finance Correspondent Sharon Epperson says, many Americans are financially stressed. She details results from CNBC’s Your Money Survey and explains retirement saving plans and why so many workers are caught between the many ‘shoulds’ of personal finance. Leon Cooperman 11:40Sharon Epperson 31:04In this episode:Sharon Epperson, @sharon_eppersonAndrew Ross Sorkin, @andrewrsorkinBecky Quick, @BeckyQuickCameron 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 Syys 202334min

: Anti-Defamation League CEO Jonathan Greenblatt is pushing back on Elon Musk, calling the billionaire’s insinuation to sue the nonprofit over defamation a “threat of a frivolous lawsuit.” Musk claimed on Monday that the ADL was responsible for putting “pressure on advertisers” that led to a 60% drop in X’s advertising revenue. NFL legend Tom Brady will become a “strategic adviser” to Delta Airlines in his latest post-NFL career move. Delta CEO, Ed Bastian, Tom Brady, and CNBC’s Phil LeBeau discuss the partnership and how Brady’s able to decide what works and what doesn’t in leadership. Plus, Amazon could be hit by an FTC antitrust lawsuit later this month and celebrating the life of Jimmy Buffett.Jonathan Greenblatt 12:20Tom Brady & Ed Bastian 21:30In this episode:Tom Brady, @TomBradyEd Bastian, @DeltaPhil LeBeau, @LebeaucarnewsJonathan Greenblatt, @JGreenblattADLAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuick Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

6 Syys 202336min