JNJ’s Business Health  & Remote Office Politics 7/19/22
Squawk Pod19 Heinä 2022

JNJ’s Business Health & Remote Office Politics 7/19/22

Johnson & Johnson beat analysts’ estimates on the strength of its pharmaceuticals unit despite the company cutting its profit forecast due to a stronger dollar. CFO Joseph Wolk blamed the forecast cut on currency fluctuations, pointing to the parity between the euro and the dollar. As the job market starts to cool down and companies begin to look for ways to save with a possible recession on the horizon, there is a renewed return-to-office debate. CNBC’s Hugh Son reports on slowed hiring at Goldman Sachs, and Harvard Business School professor Tsedal Neeley whether business leaders need to keep hybrid work to retain top talent, and if remote workers are at higher risk of being cut.

In this episode:

Hugh Son @Hugh_Son

Tsedal Neely @tsedal

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @Andrewrsorkin

Katie Kramer, @Kramer_Katie


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Jaksot(1845)

Moderna CEO Racing for a Vaccine; Harlem Children’s Zone’s National Covid Relief

Moderna CEO Racing for a Vaccine; Harlem Children’s Zone’s National Covid Relief

As coronavirus cases spike in hot spots across the country, biopharmaceutical companies race to find a vaccine. Moderna Therapeutics has secured an additional $472 million in government funding to develop its own vaccine candidate, which begins phase 3 human trials today. Moderna CEO Stéphane Bancel discusses the vaccine development and addresses concerns about his executive team’s lucrative and unscheduled stock sales over the past six months. The Harlem Children’s Zone is going national with its efforts to provide communities with holistic Covid-19 relief. President Geoffrey Canada and CEO Kwame Owusu-Kesse discuss the disproportionate effect the pandemic has had on Black communities, and share their approach to scaling relief efforts from NYC to six other cities across the US.   Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

27 Heinä 202031min

Elon Musk, “A Bona Fide Texan,” & Wall Street’s Scandals, from Goldman Sachs to Tapestry

Elon Musk, “A Bona Fide Texan,” & Wall Street’s Scandals, from Goldman Sachs to Tapestry

Texas Governor Greg Abbott discusses the new $1B Tesla factory moving into Austin. After issuing a statewide mask mandate, Governor Abbott explains his strategy for keeping Texan businesses open amid rising coronavirus cases. The U.S. and China are in a diplomatic spat that’s escalating quickly, and the highly anticipated big tech hearing on the Hill has been postponed. Plus, two Wall Street scandals: Goldman Sachs has reached a settlement with Malaysia, putting the star-studded 1MDB debacle to bed, and Coach & Kate Spade parent Tapestry’s CEO abruptly resigned as questions about his past behavior came to light. Vanity Fair special correspondent and CNBC contributor William Cohan chronicles how what started as a profile on Jide Zeitlin turned into a bizarre discovery of a double life. Happy National Tequila Day! Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

24 Heinä 202031min

United Airlines CEO; Tesla’s Profits; Investor Chamath Palihapitiya

United Airlines CEO; Tesla’s Profits; Investor Chamath Palihapitiya

Scott Kirby, United Airlines CEO, explains why despite safe and clean air circulation on planes, his industry won’t fully recover until a Covid-19 vaccine is widely available. Tech investor, co-owner of the NBA Golden State Warriors and Virgin Galactic Chairman Chamath Palihapitiya breaks down Tesla’s track for the S&P 500. Palihapitiya, a former Facebook insider, says big tech has “had a good run,” but a breakup is good for competition. Plus, a continuing SPAC education: Palihapitiya’s case for special-purpose acquisition companies after taking a few of his own to the public markets.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

23 Heinä 202031min

SPAC-Man: Bill Ackman’s Pitching SPACs & Defending Profits

SPAC-Man: Bill Ackman’s Pitching SPACs & Defending Profits

Bill Ackman’s Pershing Square Capital Management sponsored the largest SPAC IPO in history, raising $4B in capital. In an exclusive CNBC interview, the hedge fund billionaire makes his pitch for the insider baseball market vehicle: the special-purpose acquisition company. “Much better for the issuer, much better for the shareholder, because they get to make a thoughtful decision that’s not rushed by the typical IPO process.” Plus, four months after his “Hell is coming” comments rocked the markets, Ackman, a famous short seller, explains why less than a week after that warning, he profited over $2 billion.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

22 Heinä 202031min

Classrooms & Covid; Musk’s & Bezos’s Billions; Pandemic Pivots

Classrooms & Covid; Musk’s & Bezos’s Billions; Pandemic Pivots

Epidemiologist and Dean of the Harvard T. H. Chan School of Public Health Michelle Williams suggests corporations may be the key to stemming Covid’s spread and ensuring a safe fall semester for students and teachers. Bruce Feiler, author of “Life Is in the Transitions: Mastering Change at Any Age,” offers insight on navigating the personal and professional changes prompted by the coronavirus pandemic. Plus, Elon Musk and Jeff Bezos are each over $10 billion wealthier today than they were yesterday, and the NFL is shelling out $75 million for daily Covid testing during practice camps.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

21 Heinä 202028min

Mark Cuban’s Tips for TikTok Traders; Dr. Scott Gottlieb on Covid Testing

Mark Cuban’s Tips for TikTok Traders; Dr. Scott Gottlieb on Covid Testing

While Covid-19 cases climb in 40 states, former FDA Commissioner Dr. Scott Gottlieb considers the American infrastructure that led the country to this point, as well as what’s needed to support its physical and financial recovery. Mavericks owner, entrepreneur, and investor Mark Cuban offers his investing tips to day traders, even the ones on TikTok. With the 1990s tech bubble in mind, Cuban encourages market participants to think long term and practice patience. He issues a reminder to investors, novice and seasoned: “Everyone’s a genius in a bull market.” Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

20 Heinä 202029min

BlackRock’s Fink: Masks are needed to avoid future economic shutdowns

BlackRock’s Fink: Masks are needed to avoid future economic shutdowns

The U.S. reported another record one-day spike in new Coronavirus cases on Thursday as outbreaks continue to worsen across the country, particularly in Texas, Florida and California. A growing number of politicians, health and business experts, including BlackRock CEO Larry Fink, are advocating mask-wearing amid concerns about the possibility of having to shut down the U.S. economy again to contain the spread. Fink also discussed the asset manager’s position on environmental, social and governance (ESG) issues and how a young generation of America’s workers are being shaped by the crisis. Plus, the Coronavirus continues to affect Netflix, Twitter, cruise companies … and Joe Kernen tries to tell the difference between the Hemsworth brothers. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

17 Heinä 202033min

Twitter Hacked, Disney Heiress on Higher Taxes; Amazon’s Anniversary

Twitter Hacked, Disney Heiress on Higher Taxes; Amazon’s Anniversary

Hackers gained access to more than a dozen high-profile Twitter accounts yesterday, including those of Jeff Bezos, Bill Gates, Joe Biden, former President Barack Obama, Elon Musk and the corporate account of Apple. Facebook’s former head of security, Alex Stamos, warns about the possible future consequences and the controls that need to be in place before the 2020 elections. Disney heiress, Abigail Disney, says millionaires (yes, she is one) should pay higher taxes permanently to aid in Coronavirus recovery. Plus, Amazon celebrates its 25th anniversary on-line. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

16 Heinä 202025min

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