Squawk Pod

The tech stock darlings of the pandemic have finally hit a pullback. For the first time in five years, the Dow is outperforming the Nasdaq. The Fed’s signals for rate hikes on the horizon has prompted a reversal for high-growth cloud stocks, which could spell trouble for portfolios of tech bulls like Cathie Wood. Omicron is weighing on the markets and a group of former advisers to President Biden, who urge, “We need to do better.” Former FDA Commissioner Dr. Scott Gottlieb discusses test and vaccine distribution in the U.S., variants popping up all over the world, and the realistic longevity of this new normal. Supply chain issues are also hitting the pizza world; Papa John’s CEO Rob Lynch says, despite staffing, inflation, and supply chain issues, he’s kept his teams tossing pies every day of the pandemic. The last jobs report of 2021 disappointed economists, but the unemployment rate has fallen to a pandemic low. Plus, Tim Cook’s big, 2021 payout.  In this episode:Rob Lynch, @PapaJohnsDr. Scott Gottlieb, @ScottGottliebMDBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinMike 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.

7 Jan 202238min

One year after the deadly insurrection at the Capitol, we consider leadership, complicity, and the future of American democracy with New York Times columnist Tom Friedman. President Biden delivered remarks from Statuary Hall of the Capitol building, a space that a year ago was overrun by rioters discontent with the 2020 election results: “You can’t love your country only when you win.” In this episode:Tom Friedman, @tomfriedmanBecky 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.

6 Jan 202217min

President Joe Biden’s overall disapproval rating reached a new high in December as more voters signaled their unhappiness with his handling of the economy and the Covid pandemic. Harvard University’s Arthur Brooks, AEI president emeritus, contributing writer for the Atlantic, and host of “The Art of Happiness,” breaks down why Americans are feeling disappointed with the U.S. economy despite strong employment and economic metrics. Walmart and Kroger have raised the price of Abbott’s at-home Covid-19 test kit after their reduced-price agreement with the White House expired. Biden said last month that the administration plans to ship as many as 500 million free test kits to people who request them through a website — a plan experts have said will require significant scaling up. Plus, Fanatics CEO Michael Rubin discusses the company’s estimated $500 million acquisition of the Topps’ trading cards business. Rubin explains why the deal was a “win-win” for the companies and how Fanatics plans to continue with the Topps brand.In this episode:Arthur Brooks, @arthurbrooksMichael Rubin, @michaelrubinBecky 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.

5 Jan 202235min

Theranos founder Elizabeth Holmes was found guilty on four of eleven charges in her criminal fraud trial; CNBC’s Scott Cohn breaks down the jury’s verdict and the life that now awaits Holmes. The U.S. reported a record 1 million cases of new Covid infections on Monday, according to data compiled by Johns Hopkins University. The record single-day total may be due in part to delayed reporting from over the holiday weekend. Dr. Kavita Patel, former White House health policy director and fellow at the Brookings Institution, discusses the latest numbers and testing strategies in the U.S. Plus, BlackBerry is finally retiring its iconic hardware. Once a status symbol in the C-suite, BlackBerry phones are officially a relic after the 20+ year journey from two-way pagers to BBM. In this episode:Dr. Kavita Patel, @kavitapmdScott Cohn, @ScottCohnTVBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinMike Santoli, @michaelsantoliKatie 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.

4 Jan 202227min

Kicking off 2022, CNBC’s Meg Tirrell discusses the latest surge in Covid-19 cases, up more than 200% in the last two weeks. 2021’s issues at the airport continue in 2022, as well: over 13,000 flights were canceled in the U.S. between Christmas Eve and New Year’s Day. CNBC’s Phil LeBeau reports on the latest wave of flight cancellations and says airlines have blamed the disruptions on a combination of bad weather and omicron infections that sidelined staff. While a problem for air travel, Covid-19 seems to be less of an issue for the fitness industry; CNBC’s Diana Olick reports on investor confidence in gyms, and Planet Fitness CEO lays out his own bullish perspective for the new year. Plus, Tesla’s had a big year. The electric vehicle maker beat fourth-quarter and full-year delivery expectations, and the stock is rising to match the success. Walter Isaacson, history professor at Tulane University, advisory partner at Perella Weinberg Partners, and the author tasked with writing Elon Musk’s biography, discusses the Tesla CEO and what we can expect from him--and his projects--in 2022.In this episode:Walter Isaacson, @WalterIsaacsonChris Rondeau, @PlanetFitnessDiana Olick, @DianaOlickMeg Tirrell, @megtirrellBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinMike Santoli, @michaelsantoliKatie 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.

3 Jan 202235min

In the final episode in Squawk Pod’s special series on the wealth and wisdom of the leaders behind Berkshire Hathaway, Warren Buffett and Charlie Munger share their combined 187 years of wisdom, both in life and in finance. The two consider history’s patterns, from fiscal stimulus to global pandemic, and offer perspective on today’s economic and social problems. Buffett and Munger discuss wealth’s impact on character, both for individuals getting rich, and America, growing ever more prosperous. Reflecting on their years together, Buffett, Munger, and Becky Quick discuss what it takes to make magic, and what living a successful life really means.Warren Buffett Archive: https://buffett.cnbc.com/warren-buffett-archive/Berkshire Hathaway Portfolio Tracker: https://www.cnbc.com/berkshire-hathaway-portfolio/Sign up for CNBC’s Warren Buffett Newsletter:https://buffett.cnbc.com/2018/08/15/warren-watch.htmlWarren Buffett on America (video clips available): https://buffett.cnbc.com/2018/07/02/buffett-on-america.htmlWarren Buffett’s not-very-active Twitter @warrenbuffettBecky Quick, @BeckyQuickKatie Kramer, @Kramer_KatieSquawk Box, @squawkcnbc Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

30 Des 202137min

In part three of our most popular episodes of Squawk Pod, featuring real stories behind the leadership of Berkshire Hathaway, CEO Warren Buffett and Vice Chairman Charlie Munger share lessons learned from investing through nearly 7 decades of economic history. In conversations with Becky Quick, the two share their perspective on axe murderers, “swingers,” and the costs of a free market, and the two speak candidly on the dangers of Robinhood, bitcoin, and stock market “gambles.” Buffett identifies patterns in the economy’s long road from the Great Depression, Great Recession and the Covid-19 pandemic; he warns against the investing pitfalls of markets past. Munger details his own controversial opinion of China as a global economic power, and in a conversation exclusive to this podcast, Becky Quick shares her takeaways from over a decade of conversations with the pair.Warren Buffett Archive: https://buffett.cnbc.com/warren-buffett-archive/Berkshire Hathaway Portfolio Tracker: https://www.cnbc.com/berkshire-hathaway-portfolio/Sign up for CNBC’s Warren Buffett Newsletter:https://buffett.cnbc.com/2018/08/15/warren-watch.htmlBerkshire Hathaway, Inc.: https://www.berkshirehathaway.com/Warren Buffett’s not-very-active Twitter @warrenbuffettBecky Quick, @BeckyQuickKatie Kramer, @Kramer_KatieSquawk Box, @squawkcnbc Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

29 Des 202134min

In part two of a series of Squawk Pod episodes - Berkshire Hathaway CEO Warren Buffett and Vice Chairman and long-time partner and friend Charlie Munger recount their humble origins at the same Nebraska grocery store, tracing their nearly 70-year-long journey through their worst trades and best influences. The two discuss Berkshire Hathaway succession plans and the links between being the bigger person and making the bigger profit in conversations with CNBC’s Becky Quick spanning the last 15 years. In reflections exclusive to this podcast, Becky Quick discusses the “Buffett-Munger magic” and the duo’s secrets to building a full life as well as a full portfolio.Warren Buffett Archive: https://buffett.cnbc.com/warren-buffett-archive/Berkshire Hathaway Portfolio Tracker: https://www.cnbc.com/berkshire-hathaway-portfolio/Sign up for CNBC’s Warren Buffett Newsletter: https://buffett.cnbc.com/2018/08/15/warren-watch.htmlHighlights of the 2021 Berkshire Hathaway Annual Meeting: https://buffett.cnbc.com/2021-berkshire-hathaway-annual-meeting/Warren Buffett’s not-very-active Twitter @warrenbuffettBecky Quick, @BeckyQuickKatie Kramer, @Kramer_KatieSquawk Box, @squawkcnbc Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

28 Des 202128min