Biden’s Budget, Shanghai’s Lockdown, & the On-Stage Slap 03/28/22
President Joe Biden’s 2023 federal budget proposes tax hikes on the ultra-wealthy and on corporations while providing billions of dollars in new spending at the Defense and Justice Departments. Joe, Becky, and Andrew digest the proposal, its potential to bolster domestic investment, and plans to reduce the federal deficit. In light of increasing Covid infections, Shanghai began a two-stage lockdown today. CNBC’s Eunice Yoon reports the lockdown of China’s largest city includes orders to work from home as well as the suspension of public transit and ride hailing. Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, discusses China’s zero-Covid policy and says Shanghai will have a hard time containing Covid infections. Plus, Axios media reporter, Sara Fischer recaps Sunday’s memorable Oscars ceremony, slaps, streaming wins, and all. In this episode:Dr. Scott Gottlieb, @ScottGottliebMDEunice Yoon, @onlyyoontvSara Fischer, @sarafischerAndrew Ross Sorkin, @andrewrsorkinBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkKatie 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.
28 Mar 202231min
Sanctions, Crypto, & ESG with Secretary Janet Yellen. 03/25/22
Treasury Secretary Janet Yellen responds to BlackRock CEO Larry Fink’s warning that the end of globalization is nigh. In a wide ranging interview, she weighs the concerns and the benefits of crypto assets, whether we need sanctions on China, and America’s slow journey toward renewable energy. CNBC’s Kayla Tausche reports on NATO’s deal to cut European reliance on Russian oil in Belgium. Plus, March Madness upsets continue, bitcoin is prompting action in the S&P, and Bed Bath & Beyond has struck a deal with activist investor Ryan Cohen. In this episode:Janet Yellen, @SecYellenKayla Tausche, @kaylatauscheAndrew Ross Sorkin, @andrewrsorkinBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkKatie 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.
25 Mar 202234min
The End of Globalization. 03/24/22
Larry Fink, CEO and chairman of the world’s biggest asset manager BlackRock, wrote in his annual letter that Russia’s invasion of Ukraine is reversing the long-running trend of globalization. Blackrock, which oversees more than $10 trillion, has suspended the purchase of any Russian securities in its active or index portfolios. CNBC’s Kayla Tausche reports from Brussels, Belgium, where President Biden’s and other NATO leaders are meeting to discuss the Russia-Ukraine war. As Covid cases tick upward abroad and begin to tick upward here at home, Moderna CEO Stephane Bancel says the drugmaker wants to provide U.S. regulators “flexibility” in determining eligibility for a fourth Covid vaccine dose. CNBC’s Meg Tirrell sits down with Bancel ahead of the company’s vaccine day and discusses the company’s latest data surrounding its Covid-19 vaccine in young kids. Plus, Google has agreed to test letting app developers offer users their own payment systems, starting with Spotify. In this episode:Stephane Bancel, @moderna_txKayla Tausche, @kaylatauscheMeg Tirrell, @megtirrellAndrew Ross Sorkin, @andrewrsorkinBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkKatie 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.
24 Mar 202227min
America’s Digital Defense & Jamie Dimon’s “Marshall Plan” 03/23/22
Ukraine’s President Volodymyr Zelenskyy has called for more pressure on Russia as the war appears to be entering a stalemate, and CNBC’s Eamon Javers reports on the Biden administration’s efforts to safeguard the U.S. against a potential Russian cyberattack. JPMorgan CEO Jamie Dimon has suggested the White House form a modern-day ‘Marshall Plan’ to wean the US and Europe off of Russian oil, according to an Axios report. CNBC’s Leslie Picker details Dimon’s perspective and his hopes for a long term plan for transitioning to a low-carbon economy. Plus, Seattle Starbucks baristas have voted to unionize, which sets Howard Schulz up for a busy time as interim CEO. In this episode:Leslie Picker, @LesliePickerEamon Javers, @EamonJaversAndrew Ross Sorkin, @andrewrsorkinBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkKatie 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.
23 Mar 202226min
Easing Pain at the Pumps, Hiking Rate Hikes, & Outcry at the House of Mouse. 03/22/22
Federal Reserve Chairman Jay Powell is taking a tough stance on inflation--a lot tougher than the markets had expected. In an effort to combat rising prices, the central bank head suggested that the next interest rate hike might be higher than the quarter percentage point announced last week. Maryland Gov. Larry Hogan explains how the state’s gas-tax pause is helping residents save at the pump. He admits it’s only a temporary solution; a long term fix would be to “increase production here at home so we’re not so reliant on foreign countries for our oil.” Axios media reporter Sara Fischer and Puck News founding partner Matt Belloni weigh in on Disney’s response to Florida’s “Don’t Say Gay” bill as employees continue to express their discontent with CEO Bob Chapek. CNBC’s Julia Boorstin shares intel on the situation from her sources in media. Plus, Christie’s is offering one of Andy Warhol’s famed Marilyn Monroe portraits for just $200 million. In this episode:Sara Fischer, @sarafischerMatt Belloni, @MattBelloniGov. Larry Hogan, @GovLarryHoganMichael Santoli, @michaelsantoliBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkKatie 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.
22 Mar 202234min
Disney Drama, Baller Brackets, & NATO’s Gameplan. 03/21/22
Disney’s old guard and new guard are butting heads in the company’s boardroom, and the tensions between Bob Iger and Bob Chapek are getting awkward. As Russian troops continue their assaults in Ukraine, world leaders prepare for a NATO meeting with a singular objective: to stop Vladimir Putin. Former US Ambassador to Nato Ivo Daalder considers the biggest risks to European stability and the best tools to prompt an end to the conflict. In China, Boeing is helping to investigate a 737 plane crash while still rebuilding its reputation after the 737 Max tragedies. Plus, Warren Buffett’s taking Berkshire Hathaway on a shopping spree, and CNBC’s Jabari Young explains the waning luster of March Madness. In this episode:Ivo Daalder, @IvoHDaalderJabari Young, @JabariJYoungKelly Evans, @KellyCNBCMichael Santoli, @michaelsantoliJoe Kernen, @JoeSquawkKatie 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 Mar 202229min
Rate Hikes & a Relief Rally. 03/18/22
The markets are on track for their best week since November 2020, despite geopolitical risks continuing to brew abroad. CNBC’s Meg Tirrell reports on the rising Covid-19 cases across Europe, and what experts think that means for the U.S.’s pandemic response. Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, also breaks down the latest surge, but says the U.S. will not see a major wave of infections as we head into the spring and summer. President Joe Biden signed an executive order last week directing agencies to study cryptocurrencies as well as to come up with a government-wide approach to regulating digital assets. Perianne Boring, Chamber of Digital Commerce founder and president, says the move is a “huge validation” for blockchain. Plus, March Madness has begun! Joe Kernen discusses his not-so-perfect brackets with guest hosts Brian Sullivan and Michael Santoli. In this episode:Perianne Boring, @PerianneDCDr. Scott Gottlieb, @ScottGottliebMDMeg Tirrell, @megtirrellBrain Sullivan, @SullyCNBCMichael Santoli, @michaelsantoliJoe Kernen, @JoeSquawkKlaire Odumody, @klairemarie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
18 Mar 202233min
Ghosts of Volcker Past: The Fed’s Inflation Fight. 3/17/22
The markets react to the Fed’s strategy to combat inflation with the first rate hike in over three years. Former Vice Chair of the Federal Reserve Roger Ferguson considers whether six more hikes in 2022 would increase the probability of a U.S. recession, and whether investors are haunted by the last time the Fed tried to fix inflation with big hikes. Plus, President Biden has some sharp words for President Putin, and Netflix might be cracking down on shared accounts. In this episode:Steve Liesman, @steveliesmanJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKlaire Odumody, @klairemarie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
17 Mar 202229min
