Barry Sternlicht Takes on the Economy, and Meme Stock Mania Returns 9/29/23
Barry Sternlicht, the hospitality and real estate investor, discusses the risks to the economy from union strikes and the Federal Reserve’s interest rate policy. Washington inches closer to a shutdown as House members have failed to come up with a consensus government funding deal – setting up a busy weekend in the Capitol. GameStop activist Ryan Cohen is becoming the retailer’s CEO, nearly three years after the “Meme Stock Mania” showcased individual investors betting on the mall retailer against hedge funds shorting the stock. Author Ben Mezrich remembers fondly the GameStop craze and the story in the new movie “Dumb Money,” The Antisocial Network. Sternlicht - 14:03Mezrich - 31:02 In this episode:Ben Mezrich, @benmezrichAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickZach Vallese, @zachvallese Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
29 Syys 202336min
A Deadline Looms for Kevin McCarthy and Coinbase Goes to Washington 9/28/23
With just days to go before a government funding deadline, House Speaker Kevin McCarthy criticizes a short-term Senate government funding bill — stoking more fears that a shutdown could take place — saying the measure would not bolster border security. Crypto trading platform Coinbase is leading a lobbying effort in Washington to find lawmakers supportive of developing new laws for the crypto industry. CEO Brian Armstrong discusses his goals for “Stand with Crypto Day.” Plus, the highlights of the second debate for Republican Presidential candidates, Bank of America CEO Brian Moynihan’s biggest worries and Delta walks back controversial changes to its SkyMiles program. Rep. Kevin McCarthy 14:01Brian Armstrong - 28:02 In this episode:Kevin McCarthy, @SpeakerMcCarthyBrian Armstrong, @brian_armstrongAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickZach Vallese, @zachvallese Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
28 Syys 202338min
Khan’s Case against Amazon & Union Politics 9/27/23
Lina Khan, FTC Chair, is frequently seen as the face and the voice of the Biden administration’s antagonism against the “bigness” of big tech. The Federal Trade Commision and 17 states have filed a landmark lawsuit against Amazon for monopolistic practices; the chair of the commission defends the agency’s decision to pursue the company. President Biden became the first sitting President to walk a picket line, when he traveled to Michigan to throw his support behind striking autoworkers. Detroit’s legacy car companies could be pressured by the UAW strike right into bankruptcy, warns Tesla CEO Elon Musk. Walter Isaascson, Musk’s biographer, weighs in on the view of one of the world’s richest men toward unions and how work is changing. Plus, Target announces store closures due to a rise in retail theft and the WGA strike ends, sending writers back to work. Lina Khan 12:41Walter Isaacson - 24:24 In this episode: Lina Khan, @linakhanFTCWalter Isaacson, @walterisaacsonAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky 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.
27 Syys 202333min
Barry Diller on Hollywood Hegemony, Strikes and Streaming 9/26/23
“AI, Schmay-aye” says Barry Diller, on the technology the markets and the content industry can’t stop talking about. The media mogul joins the Squawk Box gang for a deep dive into the causes – and the impact – of the historic twin strikes that have crippled Hollywood. The IAC Chairman and one-time studio head says a marked, existential shift is coming to film and TV, and not a moment too soon. Plus, JPMorgan Chase CEO Jamie Dimon, in Indian, warns that interest rates could rise sharply from here, President Biden heads to the UAW picket line in Detroit today and, shhhhh – ChatGPT is listening. Barry Diller 15:30 In this episode: Phil LeBeau, @LebeaucarnewsAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky 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.
26 Syys 202335min
Countdown to Shutdown, Austan Goolsbee on Inflation, and We’re Singing in the Rain 9/25/23
The government funding deadline – midnight on October 1st – is looming and the likelihood of a federal shutdown is high. Pimco’s head of public policy, Libby Cantrill, describes the gamesmanship in Washington and weighs in on its potential impact to investors and consumers. Inflation persists in spite of the Federal Reserve’s rate hike strategy. Chicago Fed President Austan Goolsbee defends the central bank’s goals, arguing that avoiding a recession is still possible – but inflation remains a risk. Puck’s Matt Belloni on the tentative deal between the WGA and Hollywood studios to end the 4 month-long writers strike, Taylor Swift upstages the NFL and Tinder offering subscriptions for seriously-motivated daters. Plus, the earworms we can’t stop singing! Matt Belloni 04:32Emily Wilkins 14:49Libby Cantrill 16:42Austan Goolsbee 25:17 In this episode:Matthew Belloni,@mattbelloniEmily Wilkins, @emrwilkinsLibby Cantrill, @PimcoAustan Goolsbee, @Austan_GoolsbeeJoe Kernen, @JoeSquawkBecky 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.
25 Syys 202333min
Antitrust Trial of (This) Century: DOJ vs. Google; China’s Moves around Taiwan 9/22/23
Over the next few months, the DOJ and a collection of state attorneys general will make their case to a D.C. District Court judge for why Google has allegedly violated anti-monopoly law through exclusive agreements with mobile phone manufacturers and browser makers to make its search engine the default for consumers. Tim Wu, Columbia University Law School professor and former Biden administration antitrust advisor, discusses the ongoing Google antitrust trial and why he believes the trial will re-write our future. Admiral James Stavridis, former Supreme Allied Commander of NATO, discusses the current state of China-Taiwan tensions and the risk of a potential conflict in the region. Plus,the Republican stalemate over government funding continues and roughly 12,700 UAW workers are currently on strike, but the movement is spreading to more plants. Additional links: Check out Harry Wilson, former senior member of President Obama’s auto industry tax force, offering lessons from previous auto strikes, recently on Squawk Box. Tim Wu: 12:50James Stavridis: 22:04In this episode:Joe Kernen, @JoeSquawkBecky 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.
22 Syys 202327min
Writers Strike Optimism & Bank Stocks “Univestable” 9/21/23
The Federal Reserve held rates steady but pointed to another hike this year. CNBC’s Steve Liesman discusses the Fed’s latest decision. Steve Eisman, the “Big Short” investor who called and profited from the subprime mortgage crisis, says he’s staying away from bank stocks. The Neuberger Berman senior portfolio manager, also discussed the latest market trends, the Fed’s inflation fight, the state of the banking sector, and more. Plus, CNBC’s David Faber reports writers and producers are near an agreement to end the Writers Guild of America strike after meeting face-to-face yesterday.Here is the episode of Glenn Close speaking at Berkshire Hathaway’s shareholder meeting on the Hollywood writers strike and A.I. This episode published May 6th, 2023: https://podcasts.apple.com/us/podcast/squawk-pod/id1480890290?i=1000612150771Steve Liesman - 8:28Steve Eisman - 16:34David Faber - 29:25In this episode:David Faber, @davidfaberSteve Liesman, @steveliesmanJoe Kernen, @JoeSquawkBecky 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.
21 Syys 202334min
Disney Parks, Neuralink Brain Implants, & Four-Day Workweeks 9/20/23
Disney CEO Bob Iger has announced plans to expand investment in parks and cruises; New York Times columnist and “Disney War” author James Stewart unpacks the House of Mouse’s new strategy, as well as Iger’s leadership. Yale lecturer and journalist Joanne Lipman examines the pros and cons of a four-day work week in light of employee unrest in the American workforce, from the UAW to SAG-AFTRA and beyond. Plus, Elon Musk’s Neuralink is looking for brain implant trial subjects, Microsoft is making a fresh push into gaming, and the maker of Marlboro is rethinking its venture into pharma. Jim Stewart 11:32Joanne Lipman 23:03 In this episode:Joanne Lipman, @joannelipmanJames Stewart, @JamesStewartNYTAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky 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 Syys 202329min
