Debating the Breakup; Buffett’s Billionaire Giving; Aggression on the Airlines
The House Judiciary Committee is debating a number of antitrust bills that could break up tech’s biggest players. OZY co-founder and CEO Carlos Watson and “Big Technology” Substack founder Alex Kantrowitz discuss the scope of antitrust legislation in 2021, and anticipate changes to Apple, Facebook, Amazon, and Microsoft as lawmakers inch nearer to regulation. In a new note, Warren Buffett announced that he’s halfway to his goal of donating all of his Berkshire Hathaway shares; he’s donated $41 billion to five philanthropies in the past 16 years, and he’s set to continue at the same pace. In a reflection on billionaire wealth and charitable giving, Buffett admits that Congress should reevaluate taxes for wealthy philanthropes. He also will resign from the Bill & Melinda Gates Foundation. Plus, unruly airline passengers are endangering other travelers and airline staff, and the markets are digesting the most recent comments from Fed chair Jerome Powell. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
23 Jun 202133min
The Art of (Work) Happiness with Arthur Brooks & Lucid Motors Takes on Tesla
More Americans are quitting their jobs than ever; contributor for The Atlantic and podcast host Arthur Brooks considers the post-pandemic work-life balance employees are seeking, and whether hybrid work is the key to a fuller life. Luxury electric vehicle company Lucid Motors is opening a showroom in downtown Manhattan. CEO Peter Rawlinson explains why, despite competing with Tesla and others, all the EV players are driving for the same team. As the markets await Federal Reserve Chairman Jerome Powell’s testimony on his pandemic relief programs, Joe, Becky, and Andrew unpack the last week of treasury yields, dot plots, and more. Plus, Bumble is battling employee burnout with extra vacation, and Joe is back from a big fish battle on vacation. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
22 Jun 202140min
The Bipartisan Bridge & Tunnel Crowd; Bill SPAC-Man; The Four Day Workweek
Bill Ackman’s SPAC Pershing Square Tontine Holdings has acquired 10% of Universal Music Group, the label behind Taylor Swift, Lady Gaga, and Drake--valuing the company at $40 billion. Tontine is the biggest ever SPAC, and Becky, Andrew, and Mike Santoli discuss the financial engineering behind a deal of this size. Staff writer for The Atlantic Joe Pinsker spoke to companies around the world successfully experimenting with a four-day workweek. He explains what could be the next step in the post-pandemic workplace evolution. As bipartisan negotiations for an infrastructure bill wear on in Washington, Republican Maryland Governor Larry Hogan and Congresswoman Susie Lee (D-NV) discuss the plan’s “pay-fors” and each party’s non-negotiables. Plus, as China cracks down on crypto mining, prices are falling. And, cruise lines are set to weigh anchor, but American Airlines is struggling to keep up with travel demand without sufficient staffing. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
21 Jun 202131min
Juneteenth Commemoration & Financial Inclusion; Covid-19’s Impact on the Brain
America celebrates its newest federal holiday: Juneteenth. Commemorating the day that enslaved African-Americans were informed of their freedom two and a half years after the Emancipation Proclamation, Juneteenth celebrates the end of slavery and acknowledges the work left to be done in the road to racial justice. CNBC reporter Frank Holland details the role of Black banks in achieving financial inclusion and economic equality in the United States. Darrin Williams, CEO of Southern Bancorp, one of the few Black-led banks in the country, discusses the significance of Juneteenth and how corporate investments can help communities of color achieve financial equity. New research suggests that Covid-19 may cause long-term loss of brain tissue. Former FDA Commissioner Dr. Scott Gottlieb considers lasting physiological effects of the virus and whether a survival of global variants will prompt a case surge in the autumn. Plus, commodity prices are tumbling and cruise line stocks are soaring. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
18 Jun 202131min
The Fed Talks (About Talking); Tackling Economic Inequality, from Nonprofits to Public Office
The Federal Reserve has raised its expectations for inflation this year and brought forward the time frame for when it will next raise interest rates: likely in 2023. CNBC’s Ylan Mui digests the Fed meeting and Fed Chair Jerome Powell’s remarks with Becky, Andrew, and Mike Santoli. At CNBC’s annual Evolve Summit, Dick’s Sporting Goods CEO Lauren Hobart explains the pandemic’s impact on her business strategy. In a conversation with Becky Quick, she reflects on the Covid-prompted changes to her company’s trajectory. Former CEO of the NYC-based nonprofit Robin Hood is making a bid for Maryland’s Governor office. Wes Moore, a combat veteran and author, discusses eliminating economic inequality through philanthropy and public office. Plus, Microsoft is doubling down on Satya Nadella’s leadership, and Democrats are sticking to their commitments to fight climate change as they negotiate the infrastructure bill on the Hill. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
17 Jun 202132min
Handshakes in Geneva: The Biden-Putin Summit
CNBC’s Eamon Javers reports on President Biden’s first summit meeting with Russian President Vladimir Putin on the ground in Switzerland. The three hour meeting likely covered cyber hacks, human rights, nuclear weapons, and election interference, but The New York Times columnist Tom Friedman says, Putin is like America’s “ex-boyfriend from hell.” Plus, investors are poised for a milestone Fed meeting, employees are poised to return to the office in full force, and former Theranos CEO Elizabeth Holmes is poised for trial. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
16 Jun 202126min
Alibaba’s Joe Tsai: The NBA, Jack Ma, & #StopAsianHate
Alibaba co-founder and Brooklyn Nets owner Joe Tsai discusses the global economic recovery, the NBA playoffs, founding the Asian American Foundation, and the role of sports teams in fighting for social justice. Tsai offers insight into the abruptly mysterious life of fellow billionaire and Alibaba founder, Jack Ma. Plus, investors are prepping for a momentous Fed meeting, and mask on, mask off: uncovering post-vaccination etiquette. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
15 Jun 202136min
Paul Tudor Jones: It’s Bat “S” Crazy
Billionaire hedge fund titan Paul Tudor Jones talks inflation, market memes, and bitcoin bets in an extended interview. Ahead of the Federal Reserve’s next meeting, Jones shares his money plays, from commodities and gold to crypto. As a billionaire himself, Jones weighs in on ProPublica’s explosive tax story and the wealthy’s “fair share.” As founder of the Robin Hood Foundation, Jones explains how supporting New Yorkers hardest hit by the pandemic will help rebuild the city as a whole. Plus, a lucky winner is headed to space with Jeff Bezos after a $28 million bid for the seat, and CNBC’s Eamon Javers reports on what the world can expect from the Biden-Putin summit in Geneva, Switzerland. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
14 Jun 202139min
