Cathie Wood’s Bets: Recession, Deflation, & Tesla 9/27/22
Ark Invest CEO and Chief Investment Officer Cathie Wood discusses her newest launch: a venture firm for private investments, open to non-accredited investors. As international currencies like the British pound, South Korean won, Japanese yen, and euro all fall weaker against the dollar, Wood shares her firm’s perspective on recession and inflation. A famed tech investor, Wood explains her bullish five-year thesis on Tesla. Plus, mortgage rates keep going up, and three men are answering for a $100 million deli scheme in New Jersey. In this episode:Cathie Wood, @CathieDWoodJoe Kernen, @JoeSquawkAndrew 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.
27 Sep 202226min
Jeremy Siegel is Fired up 9/26/22
Are we on the wrong path in the fight against inflation? Wharton Business School professor Jeremy Siegel criticizes the Federal Reserve and its chairman, Jerome Powell, saying the U.S. central bank is moving too aggressively to fight inflation and will hurt American workers in the process. The British pound falls to historic lows against the U.S. dollar, sparking currency concerns around the globe. Plus, the new fee that car dealerships are trying out on auto lease consumers. In this episode:Phil Lebeau, @LebeaucarnewsMelissa Lee, @MelissaLeeCNBCJoe 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.
26 Sep 202223min
Markets Tumble, Fearing the Fed and Women and Money 9/23/22
A rough week ends on Wall Street as markets take a dive and bond years are surging. Why? Becky Quick and Melissa Lee take a closer look at the investor worries and the wonky numbers driving the market downturn. This comes after the Federal Reserve announced it will be raising interest rates 75 basis points. CNBC’s Steve Liesman explores the market reaction to the Fed’s decision and its global impact. Plus, Boeing has agreed to pay $200 million to settle charges over the two deadly crashes from its 737 Max jetliners. CNBC’s Phil Lebeau breaks down what this means for the plane manufacturer. And Ellevest CEO Sallie Krawcheck shares data from the Women’s Financial Health Index and sheds more light on how women invest and what they’re worried about. Steve Liesman, @SteveLiesmanSallie Krawcheck, @SallieKrawcheckPhil Lebeau, @LebeaucarnewsBecky Quick, @BeckyQuickMelissa Lee, @MelissaLeeCNBCKatie 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 Sep 202223min
Palantir’s Alex Karp and a Disney Princess Takes Aim at the Castle 9/22/22
“Software plus heroism can really slay the giant,” Palantir CEO Alex Karp tells Andrew Ross Sorkin and Becky Quick in his analysis of how big data and technology have changed modern warfare. Karp is carefully watching Russia’s first military mobilization since World War II and the ongoing crisis in Ukraine; he thinks that countries around the world are taking notice of the new global order. The Federal Reserve has raised its benchmark interest rate 75 basis points and the world’s central banks are moving similarly, working aggressively to combat inflation. Former Federal Reserve Vice Chair Roger Ferguson discusses the road ahead for Fed Chair Jay Powell and offers perspective on the market reaction. The CEOs of the nation’s largest consumer banks faced Congressional questioning this week; some financial leaders say they don’t plan to use the new merchant code classification for firearms purchases. And Disney heiress Abigail Disney is taking on inequality inside the company her grandfather founded – she discusses how her viral comments on Squawk Box led to her advocacy. In this episode: Alex Karp @PalantirTechAbigail Disney @abigaildisneyBecky 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.
22 Sep 202238min
Earth the Shareholder, with Patagonia’s CEO 9/21/22
Patagonia’s founding family is redirecting their billions to fight climate change and preserve our Earth; the move has sparked conversation about ‘woke capitalism’ and a company’s impact on the world, versus its return to shareholders. Patagonia CEO Ryan Gellert discusses his predecessor’s choice to “make Earth its only shareholder,” and whether the drastic move will really make a difference. Axios co-founder Mike Allen discusses former President Trump’s strategy for announcing another run for office, President Biden taking a hard line against Russia, and his new book on succinct journalism, ‘Smart Brevity.’ Plus, Europe’s energy crisis is threatening small businesses, and a new study shows, anxiety strikes all ages. In this episode:Ryan Gellert, @PatagoniaMike Allen, @mikeallenBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew 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.
21 Sep 202234min
Layoff Season, A Bonus Squeeze, & The Beyond Meat Bite 9/20/22
Investors are bracing for the Federal Reserve Open Market Committee meeting this week, ready for another policy announcement to curb inflation. Workers are returning to the office, but surveys show that in-person attendance is down, compared to pre-pandemic levels. New Jersey Governor Phil Murphy discusses the impact of New York’s return-to-office push on the Garden State commuters and taxpayers. New York Times reporter Kate Kelly details the in-person trends on Wall Street, the waves of layoffs still to come, and what’s likely to be a meager bonus season. Plus, Beyond Meat’s COO has been arrested for allegedly biting a fellow sports fan’s nose, and Amazon has scored an NFL touchdown–virtually. In this episode:Kate Kelly @katekellyGovernor Phil Murphy, @GovMurphyBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew 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.
20 Sep 202230min
Balancing Powers: China, Russia, & the West 9/19/22
In an interview over the weekend, President Biden discussed his plans for battling inflation and the American strategic response to Chinese aggression in Taiwan. Today, former SEC chair Jay Clayton responds to the President’s comments on the economy; instead of talking about rates of inflation and statistics, Clayton urges economists and lawmakers to start speaking in terms of the prices that Americans are paying for basic needs. Abroad, Presidents Putin and Xi are testing the strategic partnership between Russia and China. Former CNBC anchor and current member of the Council on Foreign Relations Michelle Caruso-Cabrera discusses the meeting between both leaders in Uzbekistan and the role both countries play in the global balance of power. In this episode:Becky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinMichelle Caruso-Cabrera @MCaruso_CabreraKatie 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.
19 Sep 202232min
Precarious Positions; Pete Buttigieg on Inflation and Avoiding a Rail Strike 9/16/22
The Biden Administration, railroad companies and labor unions are sharing credit for averting a potentially expensive strike. Transportation Secretary Pete Buttigieg discusses the close call, as well as the shadow persistent inflation cast on the negotiations and on the White House’s efforts to celebrate recent legislative wins. The stock markets were headed toward another down week as corporate leaders sound alarm bells for a potential recession. FedEx CEO Raj Subramaniam told CNBC the company is aggressively cutting costs following weaker global shipping volumes and that economic conditions are so weak we could be headed right into a global recession. That follows the conversation Joe Kernen, Becky Quick and Andrew Ross Sorkin had yesterday with investor Barry Sternlicht, who also had a grim warning. Plus, Patagonia’s founder says goodbye to the billionaire’s list, Amazon kicks off its NFL coverage and a record set for a jersey Michael Jordan wore to his “Last Dance.” In this episode: Pete Buttigieg: @SecretaryPeteBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew 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.
16 Sep 202234min
