Scott Bessent & Trump’s Economy 2.0 11/06/24

Big changes in big business. Johnson & Johnson is planning to split into two public companies. CEO Alex Gorsky tells Squawk Box’s Becky Quick why the decision to break off the brand-name-heavy consumer business from its prescription drug and medical device division will be “in the best long-term interest” of the company’s stakeholders.  As companies continue to evolve, workplaces and traditional roles continue to change as well. CNBC’s @Work Summit examines the evolution of work since the pandemic began and ways innovative companies are finding and keeping the best workers, investing and developing creative solutions. Bridgewater Associates Founder Ray Dalio and former Netflix Chief Talent Officer Patty McCord spoke with Becky at CNBC’s At Work Summit to discuss how workplaces are changing -- and which buzzwords are dead!In this episode:Alex Gorsky, @JNJNewsRay Dalio, @RayDalioPatty McCord, @PattyMcCord1Becky Quick, @BeckyQuick Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

12 Nov 202136min

Legendary internet investor John Doerr is making a big bet on green tech. In discussing his new book, “Speed and Scale,” Doerr explains his plan to achieve global net zero emissions by 2050. As a venture capitalist, his eye is on the bottom line, but Doerr shares a vision that stretches far beyond his portfolio returns. Disney has big plans for its own metaverse and Elon Musk has sold $5 billion in Tesla stock. Plus, Andrew is back from his two-day virtual DealBook Conference, and he’s digesting comments from GM’s Mary Barra, Citadel’s Ken Griffin, and others. On this Veterans Day, we thank all current and former military for their service to the United States.  In this episode:John Doerr, @johndoerrJoe 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.

11 Nov 202131min

Toast, the app that helped power many restaurants through Covid-19 shutdowns, released its first quarter results as a public company. CEO Chris Comparato explains how his platform supports small businesses, and how his own strong metrics indicate a strong recovery for the rest of the industry. Pfizer has asked the FDA for broader authorization of its Covid-19 booster shot; the Brookings Institution’s Dr. Kavita Patel shares her expectations for third and even fourth booster shots as we fight our way through the pandemic. In Washington, President Biden met with U.S. corporate leaders to strategize fixes to the global supply chain as the holiday season begins. In New York, only about half of office workers are headed back to their cubicles by the end of January. CNBC’s Robert Frank reports that since 1 in 5 NY office workers will be working permanently from home come 2022, companies are planning to cut New York footprints. Plus, Amazon-backed electric vehicle Rivian is set to go public at a whopping implied valuation of $106 billion, and Elon Musk is working out his liquidity problems.  In this episode:Robert Frank, @robtfrankDr. Kavita Patel, @kavitapmdChris Comparato, @ChrisComparatoJoe 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.

10 Nov 202127min

Hertz is listing on the Nasdaq--again. Back from bankruptcy, Hertz is led by former Ford CEO Mark Fields; he and board members Tom Wagner and Greg O’Hara discuss the road ahead for the rental car business and it’s potential deal with Tesla. Crypto ATMs, which swap cash for cryptocurrencies like bitcoin, are popping up all over the country. So why are they on law enforcement’s radar? Eamon Javers reports on CNBC’s investigation. Plus, General Electric is splitting into three companies, and the Fed is taking on meme stock mania. In this episode:Mark Fields, @HertzEamon Javers, @EamonJaversJoe 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.

9 Nov 202138min

The U.S. borders are once again open to international travelers, but a travel rebound puts even more pressure on airlines who are already short staffed. American Airlines is offering its employees 150% more than their usual pay to work on peak days this season. Marriott CEO Tony Capuano says the world is itching to get back to travel; many of his hotels are full as antiviral Covid-19 therapeutic pills become a reality and vaccinations become more widespread. And Uber CEO Dara Khosrowshahi says his business is also reaping the benefits of more travelers, with airport rides surging and more and more passengers back on the road. Plus, Elon Musk polled millions on Twitter, and the House has finally passed a $1T infrastructure bill--although the social safety net bill is back on hold. In this episode:Dara Khosrowshahi, @dkhosTony Capuano, @MarriottJoe 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.

8 Nov 202134min

Pfizer’s antiviral pill is 89% effective in cutting rates of hospitalization and death in Covid-19 patients. The news is huge for Pfizer and even bigger for the pandemic’s trajectory in this country. CNBC’s Meg Tirrell unveils the news, and Pfizer board member and former FDA Commissioner Dr. Scott Gottlieb says it means we are nearing “the end of the pandemic phase of this virus.” Plus, ‘The Sopranos’ actor Steven Schirripa--the man behind Bobby ‘Bacala’ Baccalieri--shares show secrets and behind the scenes history, and he extends the Sopranos family name to the Squawk team. Peloton shares are on the descent, and U.S. workers are headed out of their office doors.In this episode:Sharon Epperson, @Sharon_EppersonMeg Tirrell, @megtirrellDr. Scott Gottlieb, @ScottGottliebMDSteven Schirripa, @StevenSchirripaJoe Kernen, @JoeSquawkAndrew 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.

5 Nov 202137min

Etsy CEO Josh Silverman discusses the holiday supply chain, competition with Amazon, and strategic ad spend for small businesses on his platform. Domino’s CEO Ritch Allison discusses the post-pandemic appetite for pizza, and whether drones are ready to replace your delivery guy. The Fed is ready to start winding down its emergency economic measures, paid parental leave is back in the Democrats’ social spending package, and former world chess champion Garry Kasparov says Facebook’s decision to abandon its facial recognition AI was a mistake.  In this episode:Josh Silverman, @etsyRitch Allison, @dominosYlan Mui, @ylanmuiJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkin Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

4 Nov 202130min

It’s election day-after. Republican Glenn Youngkin has won Virginia’s hotly contested gubernatorial election, defeating Democratic power player and former Gov. Terry McAuliffe. In New Jersey, incumbent Governor Phil Murphy hasn't yet locked down what was expected to be a relatively easy win. Democrat Eric Adams has won New York City's mayoral race; Adams discusses the city’s relationship with the business community, as well as social reform, and state and local taxes. Plus, the CDC has cleared Pfizer’s Covid-19 vaccine for children ages 5 to 11. CNBC’s Meg Tirrell reports on the 28 million kids now eligible for the shot, and Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, discusses the timeline for kids vaccinations, and overcoming parental hesitancy. In this episode:Eric Adams, @ericadamsfornycMeg Tirrell, @megtirrellDr. Scott Gottlieb, @ScottGottliebMDJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin,@andrewrsorkin Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

3 Nov 202128min