Ron Baron’s Ray of Hope; Black Financial Influencers 6/17/22
The S&P 500 is headed for its worst week since March of 2020, but famed buy-and-hold billionaire investor Ron Baron offers a ray of hope amid Wall Street’s worries. A Tesla bull and futurist investor, Baron likens today’s market with the opportunity that earned him billions in the 1980s. In an all-hands meeting with Twitter employees, Elon Musk addressed layoff and content moderation concerns. For consumers, inflation is still cause for worry; Rep. Ro Khanna (D-CA) discusses pump pressures for Americans and big profits for big oil producers in the U.S. Plus, we mark Juneteenth weekend by celebrating Black social media influencers in finance, with CNBC’s Frank Holland. In this episode:Ro Khanna, @RepRoKhannaFrank Holland, @FrankCNBCJoe 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.
17 Jun 202228min
Did the Fed Do Enough? The Central Banks’ Great Awakening 6/16/22
The Fed raised interest rates by 75 basis points on Wednesday and alluded to more hikes in the coming months, as CNBC’s Steve Liesman recaps. But did the Fed do enough? Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, Cambridge shares his thoughts on the Fed, the European Central Bank, and the Swiss Central Bank after all three announced interest rate hikes. CNBC’s Jon Fortt considers whether the Fed raised rates high enough, quickly enough, and what it will take to find a ‘soft landing.’ In this episode:Mohamed El-Erian @elerianmJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickMike Santoli @michaelsantoliSteve Liesman, @steveliesmanJon Fortt @jonforttCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
16 Jun 202228min
Hiking Rates, Calling Big Oil, & Hedging Portfolios 6/15/22
The S&P 500 fails to rebound, the markets are poised for the Fed’s big rate hike, inflation and pump pressures are on, and crypto is crumbling. Founder and chairman of Equity Group Investments Sam Zell shares his unfiltered perspective on the Fed, energy prices, and DC policy, all from his vantage point as a real estate billionaire and energy, health care, and manufacturing investor. President Biden is asking oil CEOs to boost gasoline supply and is calling their profits “unacceptable.” Plus, we’re bidding adieu to Internet Explorer. In this episode:Brian Sullivan, @SullyCNBCJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
15 Jun 202233min
The Investor Psyche: War, Recession, & Not-So-Stablecoins 6/14/22
In the wake of this week’s bear market, former NYSE President Tom Farley and former Chairman and CEO of TDAmeritrade Joe Moglia discuss the peaks and valleys still to come, both in the crumbling crypto markets and in the broader economy. Tom Farley, who has debuted more than one SPAC of his own, discusses the market’s depleted appetite for any kind of public listing. Joe Moglia speaks to the psyche of retail investors as global conflict rages on and inflation ticks higher, and considers whether recession fears are already realized for some Americans. In this episode:Joe Moglia, @CoachJoeMogliaJoe 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.
14 Jun 202230min
Bear Market Woes: Crypto Contagion & Inflation 6/13/22
$200 billion was wiped out of the crypto market over the weekend, and Bitcoin has hit its lowest level since December of 2020. Skybridge Capital founder and crypto bull Anthony Scaramucci unpacks the global market sell-off, the slide in crypto, and why the drama at crypto lender Celsius could make things worse. Inflation and gas price pressures are hitting consumers and corporations; CEO of Stew Leonard’s details the fuel and food supply chain issues impacting his bottom line. Plus, a break from the markets: the latest box office hit, straight from the Jurassic Period. In this episode:Stew Leonard Jr. @StewLeonardJrAnthony Scaramucci, @ScaramucciJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew 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 Jun 202233min
Starbucks CEO Howard Schultz & Our Inflation Nation 6/10/22
In his first aired interview since taking the helm (again) at Starbucks, interim CEO and founder Howard Schultz speaks candidly to Andrew Ross Sorkin at The New York Times DealBook D.C. Policy Forum in Washington. In an extended conversation, the two cover inflation, America’s gun policy, the mental health crisis, the labor movement, and leadership in capitalism. Plus, May’s consumer price index, or CPI, was up 8.6% from last May, the highest year-on-year increase since December of 1981. Former U.S. Senator Heidi Heitkamp (D-ND) and investor Kevin O’Leary discuss the sky-high fuel prices across the country and steps the government can take to lessen the squeeze on consumer wallets. In this episode:Howard Schultz, @HowardSchultzHeidi Heitkamp, @HeidiHeitkampKevin O’Leary, @kevinolearytvJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
10 Jun 202245min
Regulation Nation: Twitter’s Data Dilemma with Ajit Pai, & Robinhood’s Revenue with Jay Clayton 6/9/22
Robinhood turned millions of people into retail traders, but now the app’s business model may be in jeopardy as the SEC eyes a plan to crack down on Payment For Order Flow, a practice crucial to its revenues. Jay Clayton, former Chair of the SEC, weighs in on how the SEC’s agenda could transform the stock market. Twitter has agreed to comply with Elon Musk’s demand for access to the platform’s data stream. Former FCC Commissioner Ajit Pai, breaks down what more Musk will ask for, and openings for the Tesla CEO to still walk away from the deal. Plus, in China, the Ant Group IPO may be back on track. In this episode:Ajit Pai, @AjitPai Joe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
9 Jun 202230min
Retail’s Beauty Mark with Ulta & the Media-Scape with AMC 6/8/22
As most retailers struggle with a difficult quarter, cosmetics might be a bright spot. Alongside Elf Cosmetics, Ulta Beauty reported upbeat first quarter results despite rising inflation; Ulta CEO David Kimbell discusses the company’s year over year revenue growth and the relative strengths of beauty consumers and social media beauty influencers alike. As streaming stocks like Netflix have struggled, AMC CEO Matt Blank suggests the answer to media’s momentary woes might be linear. Plus, a high profile team is making a play for the Denver Broncos, and the FDA is giving Novavax a big vote of confidence. In this episode:David Kimbell, @UltaBeautyMatt Blank, @AMC_NetworksJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinBecky Quick, @BeckyQuickCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
8 Jun 202227min
