Disney’s Hugh Johnston & Minneapolis Fed’s Neel Kashkari 8/6/25

The Trump administration is investigating semiconductors and pharmaceutical ingredients, the first steps toward tariffs in those industries. Former FDA Commissioner and board member at Pfizer and Illumina Dr. Scott Gottlieb shares his concern that if costs get any higher for generics like heparin, hydrocortisone, and amoxicillin, drugmakers might stop manufacturing them. Dr. Gottlieb explains America’s pharma supply chain through China and India, as well as the thin margins on some of the most commonly used drugs in the United States. The Trump administration ordered a freeze on $2.2B grants to Harvard after the university rejected the White House’s demands for changes, including to DEI programs. The move has sparked another debate about free speech on higher education campuses. Plus, the Chinese government has reportedly ordered Chinese airlines to stop buying Boeing aircraft, and DOGE cuts in DC have hit the workforce in Virginia. Governor Glenn Youngkin (R-VA) is still optimistic about his state’s future.  Glenn Youngkin - 21:21Dr. Scott Gottlieb - 39:36 In this episode:Glenn Youngkin, @GovernorVADr. Scott Gottlieb, @ScottGottliebMDKelly Evans, @KellyCNBCJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie

15 Huhti 43min

President Trump exempted consumer technology and components from his reciprocal tariffs on Friday, though by the end of the weekend, his advisors warned that those exemptions may not be permanent. Apple has reportedly increased its iPhone production in India to avoid the impact of the White House’s tariffs on goods imported from China. In an extended conversation, former Federal Reserve Chair and former Treasury Secretary Janet Yellen weighs in on the Trump administration’s tariff agenda, as well as the stability of U.S. treasurys. Former FTC Chair Lina Khan shares her own perspective on President Trump’s tariff agenda, and the two guests both align on one descriptor: chaotic. Khan, once the top antitrust watchdog, discusses the beginning of the FTC’s case against Meta, calling into question Facebook’s acquisitions of Whatsapp and Instagram.  Janet Yellen - 17:25Lina Khan - 35:47 In this episode:Lina Khan, @linamkhanKelly Evans, @KellyCNBCJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie

14 Huhti 45min

This bonus episode of Squawk Pod, from our partners at “The Keynote” features a leader at the forefront of women’s sports. Seattle Storm Forward Nneka Ogwumike has already built her legacy as a WNBA Champion with the Los Angeles Sparks in 2016. TheMVP of league (also 2016). The first overall pick in 2012, and before that she brought Stanford to the Final Four, four years in a row. Now after the players opted out of their collective bargaining agreement her next challenge will be leading negotiations for a new contract in a pivotal time for women’s hoops. She spoke with Becky Quick about the growth of the WNBA, advocating for players and her approach to leadershipat the CNBC Sport: Inside the Business of Women’s Basketball event on April 5th 2025. To listen to other interviews from events check out “The Keynote by CNBC Events” here: https://podcasts.apple.com/us/podcast/the-keynote-by-cnbc-events/id1493248246 For information on upcoming events visit: CNBCevents.com In this episode: Nneka Ogwumike, @NnekaOgwumike Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

12 Huhti 19min

China strikes back at the U.S. with 125% tariffs on goods – CNBC’s Eunice Yoon reports on the latest. BCA Research’s Marko Papic says it’s dangerous to get overly bearish in a policy-induced recession. Plus, Minneapolis Fed President Neel Kashkari says the market trends show that investors are increasingly moving away from the U.S. as the safest place to invest while President Trump’s tariff tensions continue to rise. Meanwhile, in the nation’s capital, the House paves the way for Trump’s “big, beautiful bill,” and over in Hollywood, John Malone gives up his seat on the Warner Bros. Board of Directors to become Chair Emeritus. Neel Kashkari - 15:48Marko Papic - 43:17 In this episode: Neel Kashkari, @neelkashkariEunice Yoon, @onlyyoontvMarko Papic, @Geo_papicBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinZach Vallese, @zachvallese

11 Huhti 50min

Just days after the White House shut down rumors of a potential pause on tariffs, the world reacts to a swift reversal. National Economic Council Director Kevin Hassett discusses the market’s reaction to President Trump declaring a 90-day pause on tariffs and how a spike in the bond market possibly changed negotiations. Plus, Amazon CEO Andy Jassy sits down in an exclusive interview at the company’s headquarters, saying he believes sellers will pass increased tariffs costs on to consumers.  Meanwhile, Becky Quick revisited her 2019 conversation with Warren Buffett, Charlie Munger and Bill Gates discussing the then-latest developments in the U.S.-China trade talks and what they thought would benefit all parties involved. Watch the video from that discussion here. Kevin Hassett     25:37Andy Jassy          47:07 In this episode: Andy Jassy, @ajassyBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie

10 Huhti 1h 6min

Senator Elizabeth Warren weighs in on legislation aimed at repealing President Trump’s tariffs by canceling the emergency declaration used to justify them, saying that tariffs can be useful tools when used correctly – which is not the case right now. Meanwhile, Apollo CEO Marc Rowan said he’s seeing things slow down due to the economic uncertainty, but we’re not in a recession yet. Plus, CNBC’s Robert Frank reports on why the bond market may be the biggest risk to the president’s tax bill, China announces an 84% tariff on U.S. goods and President Trump delivers remarks at the National Republican Congressional Committee President’s Dinner.  Sen. Elizabeth Warren - 24:35Marc Rowan - 36:53 In this episode: Elizabeth Warren, @SenWarrenRobert Frank, @robtfrank__Becky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie

9 Huhti 53min

Treasury Secretary Scott Bessent calls China’s tariff escalation a “big mistake,” adding that he expects the U.S. to be able to reach deals with its trading partners. On the other hand, Kentucky Senator Rand Paul says while he supports President Donald Trump, he does not support tariffs, emphasizing that every trade relationship is mutually beneficial. Plus, Apple is reportedly planning to source more iPhones from India after Trump’s China tariffs, and Shopify CEO Tobi Lutke told employees that they’ll have to show their jobs can’t be done by artificial intelligence before asking for more headcount and resources.  Sec. Scott Bessent - 16:39Sen. Rand Paul - 34:52 In this episode: Scott Bessent, @SecScottBessentRand Paul, @SenRandPaulBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @cameroncostany

8 Huhti 44min

Peter Navarro - 22:06 In this episode:Peter Navarro, @RealPNavarro Leslie Picker, @LesliePickerBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie

7 Huhti 40min