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

Legendary investor Stanley Druckenmiller says he’ll be listening to the bond market as the Federal Reserve backs away from its economic easing policies. CNBC’s Steve Liesman breaks down Fed Chair Jay Powell’s tricky road ahead. Hedge funder Bill Ackman bought up enough Netflix stock to make him one of the streamer’s top 20 shareholders. Musician Neil Young set an ultimatum for Spotify, asking the team to remove either Joe Rogan’s ‘The Rogan Experience,’ which Young claims is spreading Covid-19 misinformation, or his own music. Spotify picked its lucrative podcaster Joe Rogan over the works of legendary rocker. Axios reporter Sara Fischer breaks down why Spotify’s optimism about podcast advertising dollars might have justified the decision.  In this episode:Sara Fischer, @sarafischerJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinSteve Liesman, @steveliesmanKatie 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.

27 Tammi 202230min

The market’s wild swings have not deterred retail investors; Tastytrade founder Tom Sosnoff breaks down trading volume and trading appetite among the smaller market players. ARK Invest’s Cathie Wood isn’t deterred by big tech’s big swings either, and she’s doubling down on her strategy. Mattel has won back the license to make Disney princess toys, Microsoft is optimistic about its future in the cloud, and the U.S. Commerce Department is warning of a concerningly low semiconductor inventory. Plus, Elton John is postponing some of his shows. In this episode:Tom Sosnoff, @tastytradeJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie 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.

26 Tammi 202227min

After the biggest intraday market bounceback in years, investors are making sense of tech stock stumbles, inflation fears, and uncertainty from the Fed. Cryptocurrencies are still trading lower, with bitcoin down 50% from its highs. About 8,500 American troops are standing by for deployment as the U.S. and its European allies watch Russia-Ukraine tensions escalate. CNBC’s Kayla Tausche breaks down the U.S. response to the rising likelihood of a Russian invasion, and Hayman Capital Management CIO and global investor Kyle Bass considers the conflict’s impact on portfolios and geopolitical stability. Plus, it’s been a year since the Reddit Rebellion. WSJ journalist and “The Revolution That Wasn’t” author Spencer Jakab explains what’s changed--and what hasn’t--since the ‘little guys’ took on Wall Street.  In this episode:Kyle Bass, @JkylebassSpencer Jakab, @SpencerjakabJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKayla Tausche, @kaylatauscheKatie 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.

25 Tammi 202234min

Listen to CNBC's special report about today's market volatility. From which stocks were hit hardest, to fears of war between Russia and Ukraine, and whether the Federal Reserve is moving too fast. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

25 Tammi 202245min

U.S. stocks fell today following the S&P 500′s worst week since March 2020. Riskier assets are also selling off, with bitcoin plunging over the weekend, wiping out nearly half of its value. Lloyd Blankfein, former CEO of Goldman Sachs, discusses cryptocurrencies, plus the Fed’s plan for rate hikes ahead of the FOMC meeting this week. Blankfein explains why he thinks bank stocks are a good place for investors to be and why his view on digital currencies is evolving. Sal Khan, founder and CEO of Khan Academy, provides an update after almost 2 years of remote schooling, and a new NFT project from Parallel NFT project donating 100% of proceeds from the auction to Khan Academy.In this episode:Lloyd Blankfein, @lloydblankfeinSal Khan, @khanacademyJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie 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.

24 Tammi 202241min

The Nasdaq is firmly in correction territory, with Peloton and Netflix leading the slide downhill. Veteran investor Jeremy Grantham says there’s more to come, predicting a multi-asset bubble burst, resulting in a 45% decline in stocks. After CNBC’s report that Peloton would halt production of its products and concerns about insider trades in the c-suite, Peloton’s been on a bumpy ride. Its stock price returning to earth from the stratosphere could make it a good target for M&A, maybe even Apple. Plus, Intel is pouring $20 billion on two new manufacturing plants outside of Columbus, Ohio. CEO Pat Gelsinger and CNBC’s Jon Fortt discuss the news, the state of American production, and staying competitive on the global stage.  In this episode:Pat Gelsinger, @PGelsingerJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinJon Fortt, @jonforttKatie 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.

21 Tammi 202237min

American Airlines CEO Doug Parker spoke with CNBC’s Phil LeBeau and the ‘Squawk Box’ team to break down the company’s latest fourth-quarter earnings report. In his last interview as CEO, Parker considers omicron’s impact on industry recovery, provides a bookings forecast for the spring, and discusses the nation’s 5G rollout. The Winter Olympics kick off in two weeks, but NBC’s announcers have decided against traveling to Beijing over Covid-19 concerns. Plus, is it finally time for NYC employees to return to the office--and the office commute? If they don’t, there could be dire consequences for the rest of the city.In this episode:Doug Parker, @AmericanAirPhil LeBeau, @LebeaucarnewsJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie 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 Tammi 202227min

Microsoft’s enormous deal for Activision Blizzard might be the catalyst for consolidation of metaverse projects in 2022. AT&T and Verizon have turned on a major new part of 5G coverage, but alarm from some airlines has delayed the launch near U.S. airports. Verizon CEO Hans Vestberg discusses 5G safety and how the new 5G C-band coverage could supercharge the internet, just in time for more metaverse projects. Plus, Pfizer’s new Covid antiviral drug is effective against the omicron variant, and stock sales from Peloton executives are raising some eyebrows while CNBC’s Robert Frank raises the bar for anchor workouts.  In this episode:Hans Vestberg, @hansvestbergBrian Trunzo, @NTBroCathy Hackl, @CathyHacklJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinJulia Boorstin, @JBoorstinKatie 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.

19 Tammi 202234min