A Russian Mega-Yacht Auction & Allegations of Mortgage Fraud 8/21/25

Markets suffered the worst day since June as investor confidence wavers ahead of the Federal Reserve’s annual meeting in Jackson Hole. Joe Kernen and Andrew Ross Sorkin break down the rough trading day and Wall Street’s expectations for the rest of this week; Morgan Stanley’s Chief Investment Officer Mike Wilson offers some perspective on the likelihood of a full-blown recession, as well as earnings reports for the rest of 2022. In China, the central bank has cut rates again as the country’s persistent Covid lockdowns take a toll on its economy. International policy analyst Dewardric McNeal discusses the balance between public health and economic growth. Also in China, the CCP is facing a political reshuffle as its 20th national congress approaches; CNBC’s Eunice Yoon offers some insight on how domestic politics are affecting international influences–like ‘Minions’--in China. Plus, Elon Musk is asking former Twitter CEO Jack Dorsey for help in getting out of buying the platform, and “House of the Dragon” has given HBO its biggest premiere ever.  In this episode:Eunice Yoon, @onlyyoontvJoe 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.

23 Aug 202233min

In the latest chapter of meme stock mania, AMC’s shares are tanking, and the company is getting creative to raise capital. As Americans await a potential decision on the Biden administration’s student loan forgiveness, CNBC’s Sharon Epperson reports that many fear the policy could worsen inflation. Cryptocurrencies may be as volatile as ever, but investor and bull Anthony Scaramucci considers Larry Fink’s and BlackRock’s change of heart on the asset to be a good sign for the entire industry. Plus, HBO has a lot riding on its new series, “House of the Dragon,” Julia Boorstin reports.  In this episode:Anthony Scaramucci, @ScaramucciSharon Epperson, @Sharon_EppersonJoe 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.

22 Aug 202230min

The NYC MTA is low on ridership and on revenue, but Chair and CEO Janno Lieber says he has a plan to boost both and restore trust in the safety of public transit. The Big Ten has sealed its 7 year, $7 billion TV deal, marking the biggest annual deal for any college sports league. Sports business executive George Pyne unpacks the giant payout and what it means for the league’s student players. Plus, the Bed Bath & Beyond carnage keeps coming for the company and its traders, and Starbucks has begun its restructuring.  In this episode:Janno Lieber, @MTAGeorge Pyne, @GFPyneMelissa Lee: @MelissaLeeCNBCAndrew 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.

19 Aug 202230min

After internally reviewing its own response to the covid-19 pandemic, the CDC has concluded, there’s room for the agency to improve. Director Rochelle Walensky has announced her plan to restructure the CDC, and in so doing to improve future responses and to rebuild public trust in the organization. Dr. Scott Gottlieb examines the road ahead for the CDC and Washington’s role in improving it. While Wall Street and Twitter still reel from the latest Elon Musk antics, biographer and Tulane professor Walter Isaacson details the little-seen side of the quirky billionaire; as he writes Musk’s biography, Isaacson reveals that there’s much more to Tesla’s CEO than his tweets. Plus, we’re decrypting the Federal Reserve’s July minutes and unpacking the roller coaster trades for Bed Bath & Beyond and other meme stocks this week. In this episode:Walter Isaacson, @WalterIsaacsonDr. Scott Gottlieb, @ScottGottliebMDBecky 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.

18 Aug 202231min

Bed Bath & Beyond, AMC, and Gamestop are all swept up in a revival of meme stock trading; tastytrade founder and Co-CEO Tom Sosnoff discusses the recent meme stock surges. After President Biden signed the Inflation Reduction Act into law, Director of the White House National Economic Council Brian Deese shares the intended impact of the legislation for Americans’ health care costs and greener living. Also in politics, Liz Cheney is considering her next move in her mission to support disillusioned Republicans. Plus, childcare workers including educators have either switched jobs or left their professions permanently. USAFacts President Poppy MacDonald unpacks the data that explains why teachers are quitting at a higher rate than other workers.  In this episode:Tom Sosnoff, @tastytradePoppy MacDonald, @PoppyMacDBrian Deese, @BrianDeeseNECBecky 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.

17 Aug 202232min

:  Walmart reported better than expected earnings this quarter, but its profits are still under pressure. CNBC’s Courtney Reagan and Refinitiv’s Jharonne Martis examine the report and what it reveals about inflation and today’s consumers. The U.S. education system is short hundreds of thousands of teachers and support staff, according to estimates. President of Purdue University Mitch Daniels discusses why, after teaching through a global pandemic, many educators have left the profession, and fewer are signing up. Easing gas prices at the pump might be offset by high home energy prices this winter; in the EU, some are paying up to 500% more to heat their homes. Plus, Apple is bringing its employees back to the office, and Wall Street Billionaires like Warren Buffett, David Tepper, and Dan Loeb are making big portfolio swaps.  In this episode:Jharonne Martis, @JharonneMartisMitch Daniels, @purduemitchCourtney Reagan, @CourtReaganBecky Quick @BeckyQuickBrian Sullivan, @SullyCNBCKatie 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 Aug 202232min

Markets are looking less and less like a recession, according to CNBC’s senior economics reporter Steve Liesman. He, Mike Santoli, and Becky Quick explain the rebound in stocks and in jobs data that has assuaged many investor concerns. Former FDA Commissioner Dr. Scott Gottlieb offers a rundown of the latest health news, including the recent discovery of polio in New York City sewage, the CDC’s updated covid guidelines, and national vaccination rates for both viruses. CNBC’s Eamon Javers reports on the alarming backlash against federal law enforcement in the aftermath of the FBI’s Mar-a-Lago search. Plus, China’s economy has hit a speedbump, and oil giant Saudi Aramco has reported record quarterly profits, larger than Apple’s or Exxon Mobil’s. In this episode:Dr. Scott Gottlieb, @ScottGottliebMDEamon Javers, @EamonJaversBecky Quick @BeckyQuickSteve Liesman, @SteveLiesmanMike Santoli, @michaelsantoliCameron 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 Aug 202225min

As the House prepares for a vote on the Inflation Reduction Act, Representative French Hill (R-AR) discusses the pivotal 15% tax on large corporations as well as the 1% excise tax on corporate buybacks. While Rep. Hill will likely vote against the legislation in part because of these proposed changes to the tax code, billionaire investor Mark Cuban calls into the show with a different perspective. For ordinary investors and for companies, the Mavericks owner and entrepreneur says, “Dividends become a better way of putting money in your shareholder's pockets." In this episode:Mark Cuban, @mcubanRep. French Hill, @RepFrenchHillMelissa Lee: @MelissaLeeCNBCBrian Sullivan, @SullyCNBCKatie 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.

12 Aug 202218min