Scott Bessent & Trump’s Economy 2.0 11/06/24

At the World Economic Forum in Switzerland, former professional boxer Wladimir Klitschko sits down with CNBC’s Sara Eisen to discuss Russia’s war in Ukraine. Klitschko explains why he and his brother, Mayor of Kiev, briefly left Ukraine for Davos, and he shares details of life in Ukraine nearly three months after the Russian invasion.In this episode:Wladimir Klitschko, @KlitschkoSara Eisen, @SaraEisenKatie Kramer, @Kramer_KatieCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

26 Touko 202223min

At the World Economic Forum in Switzerland, Palantir CEO Alex Karp addresses data’s role in global warfare, criticism the company has faced over the years, the risk of nuclear war, Biden’s comments on Taiwan and the tech industry. In comments exclusive to this podcast, Andrew Ross Sorkin shares context on the polarizing data analytics company, its founders, and the life habits (sleep!) that keep them all going. In this episode:Alex Karp, @PalantirTechAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_KatieCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

25 Touko 202219min

Description: At the World Economic Forum in Switzerland, Ray Dalio, founder and Co-CIO of the world’s largest hedge fund Bridgewater Associates, addresses rising recession concerns, market volatility, cryptocurrency’s value, and finding assets that deliver real return. Plus, Snap issued a profit warning to investors, sending the stock down well over 30% and dragging other tech names down with it.  In this episode:Ray Dalio, @RayDalioJoe Kernen, @JoeSquawkAndrew 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.

24 Touko 202222min

At the first in-person World Economic Forum since 2020, global leaders gather in Davos, Switzerland to discuss the future of politics, culture, and business. Andrew Ross Sorkin is on the hillside in the Alps for a rare sit-down interview with Alphabet CFO Ruth Porat; they cover fears of an economic slowdown, U.S. content moderation policies, and tech’s rough year in the markets. Plus, President Biden says that the U.S. would get involved militarily to defend Taiwan if China tries to take it by force. CNBC’s Beijing Bureau Chief Eunice Yoon reports China’s Foreign Ministry expressed “strong dissatisfaction and firm opposition” to the remarks, and Yoon highlights the implications of Biden’s Indo-Pacific trade pact for foreign investment in China. In this episode:Eunice Yoon, @onlyyoontvJoe Kernen, @JoeSquawkAndrew 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.

23 Touko 202220min

Health authorities in Europe, the U.S., and Australia are investigating a recent outbreak of monkeypox cases, a rare virus typically confined to Africa. Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, discusses whether this country’s first case of monkeypox is cause for concern, and how the country will handle the latest rise in Covid-19 infections. Business Insider reports that SpaceX paid a flight attendant $250,000 in severance over a sexual misconduct claim made against CEO and founder Elon Musk. Musk tweeted that “wild accusations” against him were untrue, although he didn’t specify the allegations. The Squawk Box team discusses Mad Money host Jim Cramer’s urge for Federal Reserve Chair Jerome Powell to act on inflation, aggressively and immediately. Plus, rates for babysitters are rising, and a shoe stock is on the move!In this episode:Dr. Scott Gottlieb, @ScottGottliebMDJoe Kernen, @JoeSquawkAndrew 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.

20 Touko 202223min

The S&P 500 is on the brink of a bear market. Wednesday, the Dow fell more than 1,100 points, marking its worst sell-off in nearly two years. The S&P 500 also suffered its worst one-day decline since June 2020, and the Nasdaq Composite fell 4.7%. Those losses were driven in part by disappointing back-to-back quarterly reports from Target and Walmart that showed higher fuel costs and restrained consumer demand. Target CEO Brian Cornell reacts to the company’s first-quarter earnings report and breaks down how consumer spending has shifted as the economy moves beyond the Covid-19 pandemic. Plus, Jan Kniffen, JRK Worldwide CEO, and Aneesha Sherman, senior analyst covering apparel and specialty retail at Bernstein, react to a handful of retail earnings released this week.In this episode:Brian Cornell, @TargetJan Kniffen, @JRogersKJoe Kernen, @JoeSquawkAndrew 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.

19 Touko 202228min

In his first interview since the $43 billion dollar media merger, Warner Brothers Discovery CEO David Zaslav shares the company’s plan to combine HBO Max and Discovery into one streaming platform. Zaslav also discusses what prompted the company’s decision to shutter CNN+ shortly after its launch. Redpoint Ventures founding partner Geoff Yang, who invested early in Netflix, DraftKings, Twilio, and Snowflake, breaks down tech valuations as stocks in the sector come under pressure. Plus, Lowe’s missed Wall Street’s sales expectations for its first quarter, as cooler spring weather hurt demand for supplies for outdoor do-it-yourself projects.In this episode:David Zaslav, @wbdGeoff Yang, @geoff_yangJoe Kernen, @JoeSquawkAndrew 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.

18 Touko 202236min

A new SEC filing reveals Elon Musk’s original plan to join Twitter’s board, and to later abandon that plan in favor of a takeover. Transportation Sec. Pete Buttigieg reacts to JetBlue’s hostile takeover bid for Spirit Airlines and Jeff Bezos’s pointed tweets at President Biden’s economic agenda. Plus, Intel shareholders voted against the company’s compensation for its top executives, sending a signal that some Intel investors are closely watching the performance of CEO Pat Gelsinger and the progress of his turnaround plan for the chip giant.In this episode:Pete Buttigieg, @SecretaryPeteBrian Sullivan, @SullyCNBCAndrew 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.

17 Touko 202221min