Fed Tips from the Tetons, A U.S. Trade Trip to China, & Drug Pricing Power in DC 8/28/23
Squawk Pod28 Aug 2023

Fed Tips from the Tetons, A U.S. Trade Trip to China, & Drug Pricing Power in DC 8/28/23

The Federal Reserve’s Jackson Hole meeting is over, but chair Jay Powell’s comments there are still echoing through the markets. Allianz Chief Economic Advisor Mohamed El Erian digests Powell’s Wyoming speech, including his comments that inflation is still too high, and his choice to leave the door open for more rate hikes in the future. U.S. Commerce Secretary Gina Raimondo is in China this week, meeting top officials in an effort to pursue a more stable relationship with the CCP. CNBC’s Beijing Bureau Chief Eunice Yoon reports from China on the local response to Sec. Raimondo’s visit, and what Chinese officials expect to get from the meetings. Plus, the Biden administration is poised to negotiate costs of Medicare drugs directly with pharmaceutical companies. Former FDA Commissioner Scott Gottlieb discusses the impact of these negotiations and the complications still ahead to lower prescription prices.

Eunice Yoon - 11:46

Mohamed El Erian - 17:46

Dr. Scott Gottlieb - 28:27

In this episode:

Eunice Yoon, @onlyyoontv

Scott Gottlieb, MD, @ScottGottliebMD

Michael Santoli, @michaelsantoli

Robert Frank, @robtfrank

Joe Kernen, @JoeSquawk

Katie Kramer, @Kramer_Katie


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Episoder(1799)

China Trade Talks; Delta CEO; Facebook in Election Season

China Trade Talks; Delta CEO; Facebook in Election Season

Joe Kernen, Becky Quick, and Andrew Ross Sorkin discuss the U.S.-China trade talks set to resume today with China Beige Book International CEO Leland Miller. Delta CEO Ed Bastian projects a timeline for the 737 Max aircraft to fly again, and he speaks with the Squawk team about his airline’s third quarter performance. Facebook is caught up in politics—again. Axios Media Reporter Sara Fischer and former Federal Election Commissioner Lee Goodman dive into social media’s responsibility during election season.Plus, Joe and Andrew make Bed Bath & Beyond plans for the weekend—kind of. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

10 Okt 201928min

China Trade War with Sen. Ted Cruz & Michelle Caruso-Cabrera

China Trade War with Sen. Ted Cruz & Michelle Caruso-Cabrera

Joe Kernen and Becky Quick break down the intricacies of the U.S.-China trade war, from the basketball court to the C-Suite. Senator Ted Cruz (R-TX) dials in from Taiwan. Plus, CNBC contributor Michelle Caruso-Cabrera and A.T. Kearney’s Greg Portell map out the challenges for American CEOs with business in China. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

9 Okt 201925min

Dick’s Sporting Goods CEO; Debating Democratic Tax Plans; China & the NBA

Dick’s Sporting Goods CEO; Debating Democratic Tax Plans; China & the NBA

Joe Kernen, Becky Quick, and Andrew Ross Sorkin digest the latest in China’s actions against the NBA, Boeing’s uphill climb back from the 737 Max tragedies, and a new study linking vaping to cancer. CNBC’s Robert Frank breaks down—and adds up—Senator Elizabeth Warren’s plans for $800B in tax revenue. Plus, Ed Stack, the CEO of Dick’s Sporting Goods, describes weighing his morality with delivering shareholder returns. In a conversation exclusive to Squawk Pod, Andrew Ross Sorkin speaks with Katie Kramer about Stack’s stand on firearms sales. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

8 Okt 201937min

Geopolitics & the NBA; Fmr. Aetna CEO; The Evolving Data Economy

Geopolitics & the NBA; Fmr. Aetna CEO; The Evolving Data Economy

The NBA is caught up in an international freedom of speech controversy; Joe Kernen, Andrew Ross Sorkin, and Melissa Lee debate business interests in China and ask The New York Times’ Edmund Lee and The Verge’s Nilay Patel to weigh in. Former Aetna CEO and Chairman Mark Bertolini maps out the challenges for health care heading into the 2020 election. Plus, atoms or bits? MIT Principal Research Scientist Andrew McAfee argues that software has drastically changed the way our economy works.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

7 Okt 201932min

September Jobs Report; Tech Turns on Capitalism; Steve Schwarzman

September Jobs Report; Tech Turns on Capitalism; Steve Schwarzman

Becky Quick, Andrew Ross Sorkin, and Steve Grasso break down September’s jobs report with BlackRock’s Kate Moore, University of Chicago Booth School of Business’ Austan Goolsbee and Club for Growth’s David McIntosh. Major tech CEOs speak out against wealth — and capitalism; the Squawk Box hosts debate whether our system is worth saving — and how they’d do it. Plus, want to be a legend? Blackstone CEO and Wall Street titan Steve Schwarzman reveals what it takes in a one-on-one conversation with Becky Quick. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

4 Okt 201928min

Economic Worries; Sen. Pat Toomey (R-PA); Legal Sports Gambling

Economic Worries; Sen. Pat Toomey (R-PA); Legal Sports Gambling

Joe Kernen, Becky Quick, and Andrew Ross Sorkin analyze drivers in the markets this week--and drivers at the fast food drive thru. Sen. Pat Toomey (R-PA) is concerned about Democratic tax plans and about a possible trade war with the EU. Plus, billionaire tech pioneer and Washington Wizards owner Ted Leonsis is making a play for sports betting with the CEO of sports betting company William Hill US, Joe Asher.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

3 Okt 201930min

Facebook’s audio leak; Adidas CEO; Big bank disruption

Facebook’s audio leak; Adidas CEO; Big bank disruption

Mark Zuckerberg’s leaked audio from Facebook has Sen. Elizabeth Warren (D-MA) tweeting and Joe Kernen, Becky Quick, and Mike Santoli squawking. They check in with the New York Times’ Edmund Lee and Nilay Patel from The Verge, the platform that broke the story. Adidas CEO Kasper Rorsted bikes the Austrian mountains in Adidas apparel made entirely from ocean plastic—by 2024, you can too.Plus, Wall Street is buzzing about brokerages offering commission-free trading; we tell you why, and Wells Fargo senior banking analyst Mike Mayo tells us why he’s “cutting ties” to the old school banking industry.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

2 Okt 201926min

China’s National Day; Alexis Ohanian; Papa John’s new CEO; Squawk Pod analysis with Becky Quick

China’s National Day; Alexis Ohanian; Papa John’s new CEO; Squawk Pod analysis with Becky Quick

Becky Quick, Wilfred Frost, and Mike Santoli kick off the first trading day of the fourth quarter. The corporate stories that had our team talking: China’s National Day celebrations, juxtaposed with escalating protests in Hong Kong, and the real estate fallout from WeWork’s IPO drama. Papa John’s new CEO Rob Lynch discusses the pizza franchise’s turnaround plan. Plus, Reddit and Initialized Capital Co-founder Alexis Ohanian says Silicon Valley has a different view of highly-valued start-ups than Wall Street. Hear Becky Quick’s original analysis of that discussion.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

1 Okt 201932min

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