Nvidia Reports! And Berkshire Hits $1T 08/29/24
Squawk Pod29 Aug 2024

Nvidia Reports! And Berkshire Hits $1T 08/29/24

Nvidia reported surging demand for its chips, but after much anticipation around the company’s Q2 report, Wall Street was unimpressed. Semiconductors are part of America’s strategy for tech dominance; the White House’s former CHIPS Coordinator Ronnie Chatterji explains the players in the global chips game. OpenAI is eyeing a funding raise to bring its valuation to $100 billion, and Berkshire Hathaway is now in the $1 trillion club. Plus, CNBC’s Emily Wilkins is on the ground in Virginia, where federal employees are concerned about former President Trump’s proposal to move the workforce away from the DC-metro area.

Ronnie Chatterji 17:25

Emily Wilkins 25:39

In this episode:

Becky Quick, @BeckyQuick

Mike Santoli, @michaelsantoli

Robert Frank, @robtfrank

Katie 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.

Episoder(1792)

Dr. Atul Gawande: We need a national shelter-in-place

Dr. Atul Gawande: We need a national shelter-in-place

Surgeon, author, and CEO of Haven, the joint health care venture between JPMorgan, Amazon, and Berkshire Hathaway, Dr. Atul Gawande shares what U.S. systems need while under pandemic-induced duress. Plus, some Friday news (and booze) you can use: Katie Kramer gets tips for virtual happy hours from Food and Wine Executive Wine Editor Ray Isle. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

27 Mar 202014min

Paul Tudor Jones: We’re going to kick this bug’s ass

Paul Tudor Jones: We’re going to kick this bug’s ass

"America can beat this thing. Humanity can beat this thing.” Hedge fund titan and philanthropist Paul Tudor Jones says investors can take heart in the United States’ fiscal “nuclear bomb.” Jones was the first money manager to raise concerns about the coronavirus back in January; in a colorful, emotional interview today, he weighs in on the pandemic’s shock to the U.S. economy and the American workforce.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

26 Mar 202028min

Ben Bernanke: This is closer to a snowstorm than the Depression

Ben Bernanke: This is closer to a snowstorm than the Depression

“It is important before we put everybody back to work that we feel like we have the public health situation under control.” Former Federal Reserve Chairman Ben Bernanke led the Fed during the 2008 financial crisis and the subsequent recession; now he’s weighing in on the Fed’s playbook to prevent another American recession in 2020. As a student of the Great Depression, he views today’s economic distress as much closer to a natural disaster than the economic downturn of the 1930s. Current President of the St. Louis Federal Reserve James Bullard calls for historical perspective as well, telling the public, “Don’t get discouraged, because this isn’t at all comparable to past events in U.S. macroeconomic history.” Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

25 Mar 202028min

Boeing CEO on Airline Bailouts; Covid-19 Test Ramp Up

Boeing CEO on Airline Bailouts; Covid-19 Test Ramp Up

“If there is no government support…we can still find our way to the other side. But if it goes on for 8 months, probably not.” Boeing CEO Dave Calhoun considers the future of his company with and without an industry bailout. Covid-19 test producer LabCorp is rolling out 20,000 tests per day. CEO Adam Schechter urges Americans to continue social distancing while healthcare companies and the government work to curb the pandemic.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

24 Mar 202028min

Hedge Funder: Shut the markets down

Hedge Funder: Shut the markets down

Hedge fund manager Kyle Bass is calling for the U.S. markets to be shut down completely as coronavirus cases continue to grow worldwide. Allianz Chief Economic Advisor Mohamed El-Erian envisions a long, arduous journey to the other side of this market turmoil. One of the biggest landlords in the New York tri-state area, Richard LeFrak, addresses calls for a mortgage and rent “holiday” as workers follow shelter-in-place mandates and miss paychecks.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

23 Mar 202022min

Former FDA Chief: There’s an end to this

Former FDA Chief: There’s an end to this

Dr. Scott Gottlieb considers the next steps in the U.S. response to pandemic, including a nation-wide tech strategy for Covid-19 screenings. The Federal Reserve has employed billions to buoy the American economy, and it still has more work to do, according to former Federal Reserve Governor, Kevin Warsh.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

20 Mar 202028min

A Restaurateur in Crisis and Hedge Fund Titan Ray Dalio

A Restaurateur in Crisis and Hedge Fund Titan Ray Dalio

“I don’t want people to mass panic, I want people to think.” Ray Dalio, founder of Bridgewater, the largest hedge fund in the world, considers the market downturn and what’s needed from investors and the Federal Reserve to relieve economic anxiety. Cameron Mitchell, founder and CEO of Cameron Mitchell Restaurants, has closed each of his restaurants in over a dozen states and cut his staff from 4000+ to a mere six. He considers the wide impact of pandemic-prompted shutdowns across the service industry. CEO of Boston Consulting Group Rich Lesser has been speaking with other CEOs around the world; he maps out the long term costs of business slowdown.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

19 Mar 202044min

Mark Cuban: No Buybacks; Bailing Out Boeing; Staying Safe

Mark Cuban: No Buybacks; Bailing Out Boeing; Staying Safe

“What can we do to make sure that everybody lands on their feet?" Entrepreneur, investor, and Mavericks owner Mark Cuban contemplates the responsibility of billionaires, corporations, and governments to ensure financial and physical wellbeing for everyone. Former FDA Commissioner Dr. Scott Gottlieb considers best practices to curb the spread of coronavirus as the pandemic wages on. Airlines are seeking over $50B in government assistance as travel plans grind to a near-halt. Aerospace analyst Seth Kaplan compares a potential 2020 bailout with the airline bailout after 9/11.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

18 Mar 202030min

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