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

Shares of Novavax are down sharply after Politico reported the company is having problems manufacturing its highly anticipated Covid-19 vaccine. Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, discusses Covid therapeutics, vaccines, and the U.S. production and manufacturing system. Paul Tudor Jones, founder and CIO at Tudor Investment Corporation and founder of the Robin Hood Foundation, shares his inflation trades and portfolio breakdown. The legendary hedge fund manager also explains which assets investors should stay away from as the Federal Reserve slowly reacts to rising prices. New York City has announced an expansion of its Covid vaccine mandate to all public employees, removing the option to test out. Plus, Facebook may soon be rebranded with a new name.In this episode:Dr. Scott Gottlieb, @ScottGottliebMDPaul Tudor Jones, @ptj_officialBecky 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.

20 Okt 202140min

The SEC’s long-awaited report on GameStop is finally here, a full 44 pages on the trading frenzy, payment-for-order-flow, and stock market “gamification.” Streaming wars are heating up as Wall Street watches subscriber growth numbers for the industry’s biggest players. Interim AMC Networks CEO Matt Blank shares his own company’s strategy for competing with Netflix, HBOMax, and Amazon Prime, and details a plan to bring linear content to streamers. Procter & Gamble topped analyst expectations in its quarterly report, but commodity and freight costs are weighing on the company’s profits. Vice Chairman and incoming CEO Jon Moeller discusses P&G’s business in China, corporate tax rates, and managing kinks in the supply chain. Plus, Covid vaccine mandates have put even more pressure on the labor force; some employers are dismissing those who refuse to get vaccinated, despite a difficult hiring environment. In this episode:Matt Blank, @AMC_TVJon Moeller, @ProcterGambleJoe 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.

19 Okt 202134min

Disney’s streaming business could be running out of steam; MoffettNathanson founding partner and media watcher Michael Nathanson weighs in on Wall Street’s Disney debate. Nathanson also dives into the 'Squid Game' mania and what its eyepopping metrics mean for Netflix and the streaming wars. CNBC’s Steve Liesman breaks down the latest GDP forecasts for the back half of 2021. The first bitcoin-linked exchange-traded fund will make its official debut tomorrow. Three other bitcoin futures ETFs are also expecting to move forward with their launches this month. Plus, spooky movies and (scary) dad jokes.In this episode:Michael Nathanson, @MoffettNathansoSteve Liesman, @steveliesmanJoe 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.

18 Okt 202127min

A key FDA advisory committee unanimously recommended giving booster shots of Moderna’s Covid-19 vaccine to people ages 65 and older and other vulnerable Americans. Dr. Kavita Patel, a fellow at the Brookings Institution and former White House health policy director, breaks down the FDA’s debate over Covid-19 boosters. CNBC’s Scott Cohn provides an update on the trial of Theranos founder Elizabeth Holmes, on week six of what’s slated to be a 13-week trial. According to court testimony this week, the blood-testing start-up hired a dermatologist with no board certification in laboratory science or pathology to become the lab director. Bitcoin has climbed above $60,000 as traders expect U.S. regulators to clear the first bitcoin futures ETF. Plus, Virgin Galactic plans to delay spaceflights to next year as it refurbishes its vehicles.In this episode:Dr. Kavita Patel, @kavitapmdScott Cohn, @ScottCohnTVBecky 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.

15 Okt 202121min

The U.S. is reporting an average of about 362,000 booster vaccine shots administered per day over the past week, 57% higher than the 231,000 average daily first doses. A key FDA advisory panel is meeting today and tomorrow to discuss the efficacy and safety of extra doses of the Moderna and J&J vaccines. Shellye Archambeau, former MetricStream CEO and Verizon, Okta and Nordstrom board member, discusses how Covid-19 has disrupted the workplace. Carlos Gutierrez, Empath co-founder, former commerce secretary and former Kellogg CEO, and Hubert Joly, former Best Buy CEO, advise CEOs to navigate Covid-19 vaccine requirements while keeping workers safe. Plus, CNBC’s Ylan Mui reports millions of women are missing from the U.S. workplace, and schools reopening in September didn’t help.In this episode:Shellye Archambeau, @ShelArchambeauCarlos Gutierrez, @carlosgutierrezHubert Joly, @HubertJoly_Ylan Mui, @ylanmui Joe 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.

14 Okt 202129min

Starwood Capital Chairman and CEO Barry Sternlicht discusses the current real estate market, U.S. labor shortages, and his crypto portfolio. The noted investor and real estate mogul reacts to comments from BlackRock CEO Larry Fink, and explains why he thinks the service economy is in a major labor crisis right now. Corporate vaccine mandates are causing friction in Texas, and after China’s crackdown on the crypto community, the U.S. has become the most popular place for metaverse miners. Plus, William Shatner is officially the oldest person to go to space, and his stardom has inspired a trip down memory--and inspiration--lane with Joe, Becky, and Andrew.In this episode:Joe 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.

13 Okt 202132min

Over the course of three days, Southwest Airlines has canceled more than 2,000 flights and left thousands of travelers stranded around the country. CNBC’s Phil LeBeau and Casey Murray, president of the Southwest Airlines Pilots Association, discuss what's behind the canceled flights and what travelers can expect during the upcoming holiday travel season. JPMorgan Chase chairman and CEO, Jamie Dimon, says he’s still a bitcoin skeptic and calls the coin “worthless.” Plus, Amazon is switching up its return-to-work plan and Prince Harry and Meghan Markle are getting into finance.In this episode:Casey Murray, @swapapilotsPhil LeBeau, @LebeaucarnewsAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky 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 Okt 202124min

Merck and partner Ridgeback Biotherapeutics have asked the FDA to approve their Covid-19 antiviral pill molnupiravir for emergency use. It’s only the latest in a stream of biotech innovation this year; Dr. Christiana Bardon, co-managing partner of one of the world’s largest biotech investment firms MPM BioImpact Capital, discusses the sector’s opportunities for portfolios and public health right now. The global energy crisis has sent crude oil to over $80 a barrel, and vice chairman of IHS Markit Dan Yergin says its coming for politicians in Washington, D.C. Plus, Southwest Airlines faces a tough day on Wall Street after mass cancelations over the weekend, and William Shatner is going to space--at the young age of 90. In this episode:Dr. Christiana Bardon, @MPMCapitalDan Yergin, @DanielYerginJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuick Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

11 Okt 202128min