Musk’s Stock Sales; Pfizer’s Covid Pill; Slack and the Newest Normal

NYC Mayor Eric Adams shares his plans for a “unified” solution to subway and street violence in New York, including a summit on public safety and criminal justice this weekend. The leader of the nation’s largest city discusses the challenges facing his leadership: New Yorkers’ safety anxiety, the thousands of asylum seekers who have arrived in the city as well as encouraging office workers to return to pre-pandemic commutes. After Elon Musk’s tweets about Russia and Ukraine, the Biden administration is reportedly considering putting the Tesla CEO and his businesses under national security reviews. Musk also made waves by telling investors he plans to layoff 75% of Twitter’s workforce if he takes ownership of the social media platform. Plus, Snap’s stock keeps sliding, and TikTok is denying a report that the platform’s parent has used data to track the physical location of users. And, cheese is delicious!  In this episode:Eric Adams, @NYCMayorJoe 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.

21 Okt 202225min

Major League Pickleball?! NBA star Kevin Durant and investor Rich Kleiman have purchased an MLP expansion team, and they’re set to compete in 2023. The investing team shares the appeal of pickleball teams, the upside financial potential, and the upcoming NBA season. Overseas, the UK is managing yet another shift of power with Liz Truss’s resignation, and here at home, Americans are gearing up for midterm elections. CNBC’s Steve Liesman shares the results of his All-America Survey, which reveal the most pressing concerns for the American public across political affiliations. Plus, Tesla has reported quarterly results as mixed as the Wall Streeters watching the company. CNBC’s Phil Lebeau explains the bull and bear case for Tesla and for Elon Musk.  In this episode:Leslie Picker, @LesliePickerSteve Liesman, @SteveLiesmanPhil Lebeau, @LebeaucarnewsJoe 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 Okt 202229min

It has been 35 years since the October 1987 Black Monday market crash, still the record for Wall Street’s worst single-day stock plunge: a 22.6% drop. Wall Street veteran and Merrill Wealth Management President Andy Sieg reflects on the lessons investors can glean from market history. State Department official, Special Presidential Coordinator for International Energy Affairs Amos Hochstein, discusses President Biden’s plan to release more crude oil from the U.S. Strategic Petroleum Reserve and the White House strategy to ease gas pricing pressures on American consumers. Plus, the IRS is answering inflation with changes to your tax bracket, and Netflix is taking a stand against excessive password-sharing…but how many shares are too many?  In this episode:Amos Hochstein, @amoshochsteinJoe 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.

19 Okt 202233min

In an extended interview, Goldman Sachs CEO David Solomon discusses the bank’s planned reorganization, as well as how 2022’s market volatility has affected his company’s bottom line in its third quarter financial report. Solomon looks ahead to the “choppy markets” that could affect portfolios in the coming months, and considers the benefits of his bank’s return-to-office policy.  Plus, UK Prime Minister Liz Truss faces national frustration with her leadership, and reportedly, President Biden’s preparing to sell oil from the U.S. emergency reserve.  In this episode: David Solomon, @DavidSolomonJoe 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.

18 Okt 202232min

After President Xi Jinping delivered a speech at the Chinese Communist Party congress over the weekend, leaders and experts around the world are considering what his strategy to maintain power means for the balance of geopolitics around the globe. Member of the Council on Foreign Relations Michelle Caruso-Cabrera discusses the implications of Xi’s speech for the U.S. and for global markets, as well as the next chapter for a U.K. struggling with an energy crisis, falling pound, and leadership transition. Geopolitics have also taken hold in executive boardrooms in the U.S., shifting corporate strategy across industries. NYTimes bestselling author and famed critic of “woke” culture Vivek Ramaswamy argues that ESG initiatives and shareholder capitalism are doing more harm than good; however, Yale’s leadership expert Jeff Sonnenfeld insists that C-suite stances on social justice and the global balance of power are worthwhile. In a heated debate, the two corporate culture pundits spar over the many implications of America’s outspoken companies. Plus, Meta’s metaverse is low on traffic, and reorganizations could be en route for Fox and for Goldman Sachs.  In this episode:Michelle Caruso-Cabrera @MCaruso_CabreraVivek Ramaswamy, @VivekGRamaswamyJeff Sonnenfeld, @JeffSonnenfeldJoe 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.

17 Okt 202239min

In his new memoir “Up Close and All In: Life Lessons from a Wall Street Warrior,” former Morgan Stanley Chairman and CEO John Mack recounts his time leading the bank through the 2008 Financial Crisis, including the market and leadership strategies that earned him the nickname, “Mack the Knife.” Mack sits down in an extended interview with Andrew Ross Sorkin that turns personal: he opens up about his Dementia diagnosis, and his evolved definition of success.  In this Episode:Joe 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.

14 Okt 202231min

September’s Consumer Price Index data is out, and inflation is showing no signs of a slowdown, despite multiple Fed rate hikes. In a review of the monetary and fiscal policies the U.S. government has implemented to tame the economy, former Speaker of the House Paul Ryan considers this country’s timeline to recession, and which strategies will make a downturn worse. With so much inflation and market malaise, could I bonds be the risk-free asset investors need? In this episode:Paul Ryan, @SpeakerRyanBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew 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 Okt 202222min

The British pound continues its volatile month as the Bank of England reportedly considers extending its emergency bond-buying program. Joe, Becky, and Andrew discuss the “gilts,” the latest comments from President Biden, Treasury Secretary Janet Yellen, and JPMorgan Chase CEO Jamie Dimon, and what global monetary and fiscal policies are doing for our economic outlook.  Amazon is holding its second Prime Day of the year; VP of Amazon Prime Jamil Ghani shares some of the best deals of the 48 hour early access sale, as well as Prime Video’s biggest wins, including Thursday Night Football and “The Rings of Power.” Plus, The Rock is in Times Square, and Elon Musk is putting a price tag on “musk.” In this episode:Jamil Ghani, @jamilghaniBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew 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.

12 Okt 202227min