Squawk Pod

Target has reported a strong second quarter. CEO Brian Cornell shares the results, what he’s seeing from inflation-squeezed shoppers, and his perspective on corporate tax rates. After the second night of the DNC, Rep. Josh Gottheimer (D-NJ) discusses the overall sentiment of the event, highlighting the speakers’ focus on hope and unity throughout their remarks. CNBC’s Megan Cassella wraps up the highlights from night two, like a special appearance from Lil Jon and speeches from both Michelle Obama and former President Barack Obama. Plus, a federal judge struck down the FTC’s attempt to ban non-competes, and the Labor Department is revising down the jobs number. Brian Cornell - 11:19Megan Cassella - 23:07Rep. Josh Gottheimer - 28:09 In this episode:Rep Josh Gottheimer, @RepJoshGMegan Cassella, @mmcassellaBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkKatie 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 Elo 202433min

The 2024 Democratic National Convention is underway in Chicago. CNBC's Megan Cassella breaks down the first night's key moments, including speeches from President Biden and UAW President Shawn Fain. House Minority Leader Hakeem Jeffries (D-N.Y.) discusses Vice President Harris' economic agenda including her proposal to raise the corporate tax rate to 28%. Meanwhile, the U.S. Open kicks off in just under a week; USTA CEO Lew Sherr previews the action and underscores the rising fandom of tennis in recent years. Plus, Boeing has halted testing of its 777X aircraft after a production snag, and California Governor Gavin Newsom has signed 10 new bills into law, aiming to combat retail crime. Megan Cassella - 04:10Gabrielle Fonrouge - 12:04Rep. Hakeem Jeffries - 18:02Lew Sherr - 31:20 In this episode:Megan Cassella, @mmcassellaGabrielle Fonrouge, @FonrougeGabHakeem Jeffries, @RepJeffriesBecky Quick,@BeckyQuickJoe Kernen, @JoeSquawkCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

20 Elo 202436min

In the latest chapter of a volatile month for equities, the S&P rallied nearly 4% for its best week since 2023. High prices for basics like eggs are still squeezing consumers, though, and Vice President Kamala Harris has begun to hint at her economic agenda, including federal action to prevent price gouging. She will formally accept the Democratic nomination for President at the Democratic National Convention kicking off Monday in Chicago. Stephen Moore, economic advisor for the Republican nominee Donald Trump, offers his perspective on VP Harris’ plans, while Groundwork Collaborative’s Lindsay Owens defends the strategy as commonsense. Plus, mpox cases and deaths are rising in the Democratic Republic of the Congo, and the Philippines has detected its first case. Former FDA Commissioner Dr. Scott Gottlieb explains the history of the virus, the treatments for it, and new information on how it spreads.  Lindsay Owens & Stephen Moore 18:30Dr. Scott Gottlieb 33:02 In this episode:Dr. Scott Gottlieb, @ScottGottliebMDJoe Kernen, @JoeSquawkKelly Evans, @KellyCNBCMike Santoli, @michaelsantoliKatie 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 Elo 202439min

Real estate agent commission rules change on Saturday, after the National Association of Realtors’ landmark $418m settlement in March. CNBC’s Diana Olick explains the shift underway for the real estate industry, and Re/Max President Amy Lessinger discusses the contracts and negotiations worked into every property transaction before and after this change. In DC, CNBC’s Emily Wilkins reports on the crypto community’s support for Vice President Harris in her Presidential bid. In the EU, Epic Games is launching a new store on mobile devices in direct competition with Apple’s App Store. CNBC’s Steve Kovach explains the power play between the two companies and the legal case to protect consumers, both in Europe and in the U.S. Paramount Global has a new suitor (again); in the latest chapter of the company’s messy merger, media executive Edgar Bronfman is readying a bid. Plus, the FDA may make a regulatory move on sodium, and former President Trump has released his latest financial disclosure, revealing crypto holdings and a branded Bible-driven income.  Amy Lessinger - 14:57Emily Wilkins - 22:10Steve Kovach - 26:30 In this episode:Diana Olick, @DianaOlickEmily Wilkins, @emrwilkinsMelissa Lee, @melissaleecnbcSteve Liesman, @steveliesmanAndrew 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.

16 Elo 202429min

For the first time, the US government has negotiated down drug prices for ten of Medicare’s most expensive prescriptions. CNBC’s Bertha Coombs reports on the health care shift, and Centers for Medicare and Medicaid Services (CMS) Administrator Chiquita Brooks-LaSure explains the implications for drugmakers and patients. After the White House held its first “influencer summit,” social media expert Gary Vaynerchuk (known by his millions of followers as Gary Vee) explains the untapped value of content creators for brands and for politicians. Plus, months after protests at Columbia University captured national headlines, Columbia’s president has resigned.  Bertha Coombs - 11:10Chiquita Brooks-LaSure - 13:55Gary Vaynerchuk - 21:02 In this episode:Chiquita Brooks-LaSure, @BrooksLaSureCMSBertha Coombs, @berthacoombsGary Vaynerchuk, @garyveeKelly Evans, @KellyCNBCMike Santoli, @michaelsantoliAndrew 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.

15 Elo 202427min

“The Crimes of Putin’s Trader,” hosted and reported by CNBC Senior Washington Correspondent Eamon Javers, explores the secret life of a young Russian oligarch, Vladislav Klyushin, who generated an illicit $93 million through insider corruption adding to his already massive fortune, and his Moscow-based cyber security firm that doubled as a front for hacking-driven insider trading on Wall Street. The podcast reveals real-time details of Klyushin and his employees in action, financial information they stole, companies they invested in, and millions of dollars in profits taken through illegal trades in the stock of prominent American companies as well as the private communications between the conspirators. Featuring exclusive interviews with the FBI investigators and Department of Justice prosecutors who led the investigation and a former Russian spy, Javers takes listeners inside the shocking Russian crime that is targeting the U.S. economy, with profound implications for anyone who has retirement accounts, investments, or works in corporate America. Follow and listen to "The Crimes of Putin's Trader" wherever you get your podcasts  or by visiting https://link.chtbl.com/spputinstrader. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

15 Elo 202415min

FiveThirtyEight founder and political prognosticator Nate Silver is out with a new book, “On the Edge: The Art of Risking Everything.” Silver discusses the margin for error in 2024 Presidential election polling, as well as the art of risk and betting on everything, from sports to elections. On the 89th anniversary of Social Security, CNBC’s Sharon Epperson reports that 69% of the Americans polled by CNBC ranked social security a top issue in deciding their votes in the election, and over 70% of adults polled were concerned about the program running out. Social Security Administration Commissioner Martin O’Malley explains the program’s longevity and proposed reform. Plus, the Department of Justice is considering pursuing a breakup of Google parent Alphabet, and activist investor Elliott Management is gearing up for a proxy fight at Southwest Airlines. Sharon Epperson - 11:46Martin O’Malley - 15:39Nate Silver - 25:30 In this episode:Nate Silver, @NateSilver538Sharon Epperson, @Sharon_EppersonMelissa Lee, @melissaleecnbcAndrew 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.

14 Elo 202430min

Starbucks' lead independent director Mellody Hobson on the coffee giant’s stunning decision to replace CEO Laxman Narashimhan with Chipotle’s leader Brian Niccol. In this newsmaking interview, Hobson describes the tough decisions taken by the company’s board and the opportunities ahead.  Fanatics CEO Michael Rubin on the upcoming Fanatics Fest live event for sports fans.  Plus, Former President Trump returns to social media platform, X, in a live “Spaces” with Elon Musk … the potential deficit bubble from eliminating taxes on tips … and the expectations for Vice President Harris’ economic plan.  Mellody Hobson - 22:19Michael Rubin - 33:56 Robert Frank, @robtfrankMelissa Lee, @melissaleecnbcAndrew 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.

13 Elo 202439min