Cooling Inflation, Kevin McCarthy, & a Hot Dog Dispute 6/12/24
Squawk Pod12 Kesä 2024

Cooling Inflation, Kevin McCarthy, & a Hot Dog Dispute 6/12/24

Steve Ballmer, former Microsoft CEO and LA Clippers Chairman founded the data-driven not-for-profit USAFacts. He’s ready to deliver his economic data to Congress and push for transparency in government. Former Republican Speaker of the House Kevin McCarthy is out of his seat but not out of politics. The former lawmaker discusses the 2024 race and explains why this time, the election is more about President Biden than it is about former President Trump. Good economic news, from the Labor Department: May’s CPI data shows that inflation could be loosening its hold on the US economy. CNBC’s Steve Liesman considers the implications for the Federal Reserve’s interest rate strategy. A flurry of headlines have emerged from the Elon Musk universe, including Musk’s dropped lawsuit against OpenAI, hidden likes on X, and personal relationships at SpaceX. Plus, competitive eater Joey Chestnut is between a hot dog and an Impossible hot dog…and fans of Nathan’s hot dog eating contest will miss out on the reigning champion this year.

Steve Ballmer - 14:47

Kevin McCarthy - 28:21

In this episode:

Kevin McCarthy, @SpeakerMcCarthy

Steve Liesman, @steveliesman

Joe Kernen, @JoeSquawk

Becky Quick,@BeckyQuick

Andrew Ross Sorkin,@andrewrsorkin

Katie 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.

Jaksot(1796)

Shake Shack’s Big Return; Microsoft’s President; Covid-Positive Plasma Treatments

Shake Shack’s Big Return; Microsoft’s President; Covid-Positive Plasma Treatments

In Washington and beyond, Americans debate the timeline and the pros and cons of getting back to work. CNBC’s Eamon Javers discusses the push for further federal assistance as small businesses nationwide struggle to stay afloat throughout the pandemic. Shake Shack originally received financial relief but has since returned it for redistribution among smaller businesses in more urgent need. Microsoft Teams and Microsoft-owned Skype have surged as employees around the world adapt to sheltering--and working--in place. Microsoft President and long-serving executive Brad Smith discusses the boost in platform usage and how Microsoft balances the Covid-19 crisis with everything else. Plus, the head of New Jersey’s largest hospital system has personally recovered from the coronavirus, and he explains a new technology using plasma from covid-positive patients to help the sick.   Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

20 Huhti 202032min

Special Report | Markets in Turmoil

Special Report | Markets in Turmoil

Listen to CNBC's special report on how the novel Coronavirus outbreak is spreading in the United States, and how it's continuing to hit stock markets around the world. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

18 Huhti 202048min

Rooting for Remdesivir; Pharmaceuticals & the Push for Progress

Rooting for Remdesivir; Pharmaceuticals & the Push for Progress

Gilead’s experimental Covid-19 treatment caught the markets’ attention after STAT News reported encouraging early results in its phase 3 trial. Former FDA Commissioner Dr. Scott Gottlieb explains the antiviral Remdesivir and explains its potential role in flattening the pandemic’s curve. French pharmaceutical company Sanofi has partnered with peer GlaxoSmithKline to develop a Covid-19 vaccine in the next 18 months. Sanofi has also partnered with a startup to create a coronavirus test using a smartphone. CEO Paul Hudson explains the news, the technology, and the path ahead for a healthier planet.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

17 Huhti 202021min

Special Report | Markets in Turmoil: Restarting the Economy

Special Report | Markets in Turmoil: Restarting the Economy

Listen to CNBC's special report on how the novel Coronavirus outbreak is spreading in the United States, and how it's continuing to hit stock markets around the world. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

17 Huhti 202044min

Who Deserves a Bailout?

Who Deserves a Bailout?

Former Administrator of the 9/11 Compensation Fund Ken Feinberg warns Americans to avoid drawing parallels between the Covid-19 pandemic and previous crises in history. He explores the moral hazard of supporting an economy reeling from an unexpected tragedy. Chairman of IAC Corp. Barry Diller expects the U.S. to come back to life in six months or possibly longer, but to get there, he says Americans will have to overcome their fear. In the meantime, everyone should get a bailout. Plus, Joe, Becky, and Andrew discuss what it will take to reopen the country and to keep it running.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

16 Huhti 202031min

Special Report | Markets in Turmoil: Consumer Spending

Special Report | Markets in Turmoil: Consumer Spending

Listen to CNBC's special report on how the novel Coronavirus outbreak is spreading in the United States, and how it's continuing to hit stock markets around the world. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

16 Huhti 202043min

Dr. Sam Waksal; Searching for Antibodies; A-Rod Goes “All In’ to Fight Hunger

Dr. Sam Waksal; Searching for Antibodies; A-Rod Goes “All In’ to Fight Hunger

Immunologist and former CEO of pharmaceuticals company ImClone Systems Dr. Sam Waksal explains the science that he believes will carry us through the coronavirus crisis. Scientists are looking to Covid-19 survivors for antibodies as they race to develop a vaccine, and testing kits may be easiest to find among the wealthy on Florida’s Fisher Island. Plus, Fanatics CEO Michael Rubin and Alex Rodriguez discuss the #AllInChallenge, encouraging celebrities to donate experiences and one-of-a-kind items to raise money for organizations addressing food insecurity during the pandemic. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

15 Huhti 202035min

Special Report | Markets in Turmoil

Special Report | Markets in Turmoil

Listen to CNBC's special report on how the novel Coronavirus outbreak is spreading in the United States, and how it's continuing to hit stock markets around the world. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

15 Huhti 202044min

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