Squawk Pod

From Wall Street to Main Street to Washington, everyone is talking about inflation, which is having a real-life impact on all of our wallets. CNBC’s Kristina Partsinevelos reports on the increasing cost of daily life. Meanwhile, the billionaires in the ProPublica report, on the shocking low taxes paid by the wealthiest individuals, didn’t use complicated strategies to shrink their tax bills. For the most part, they used plain, vanilla deductions. CNBC’s Robert Frank discusses why any attempt to reform the system won’t be easy. Plus, It’s been a year since corporate America pledged to focus on diversity and make institutional changes. A recent analysis shows some progress is being made in boardrooms, though the level of Black directors on corporate boards remains low. Sherrilyn Ifill, president and director-counsel of the NAACP Legal Defense and Educational Fund, discussed what she would like to see from corporate America when it comes to speaking out about diversity, equity and inclusion. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

11 Jun 202126min

GameStop, Clover Health, and AMC trades are fueled by buzz on social media, but Reddit co-founder turned venture capitalist Alexis Ohanian says the trading momentum of these “meme stocks” is hardly new. Ohanian shares his outlook for tech startup investing and the blockchain, social media’s role in market surges, and mental health in the workplace. The second Roaring Twenties may be upon us, and furniture retailer RH, formerly Restoration Hardware, is cashing in. Plus, CNBC’s Jane Wells details pork prices and popularity from the World Pork Expo in Iowa. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

10 Jun 202132min

Instagram is making a big play for influencers, rolling out new money-making features for content creators in its first ever “Creator Week.” Instagram head Adam Mosseri, discusses the new tools and his social media strategy, and he compares Facebook’s approach to revenue with Apple’s. ProPublica is reporting data from the IRS, revealing how American billionaires like Warren Buffett, Carl Icahn, and Elon Musk have avoided paying income taxes. Jesse Eisinger, senior reporter and editor for ProPublica, shares his team’s motivation for publishing the data and his vision for its impact. Plus, meme stock mania continues to rock Wall Street and Reddit, rising labor costs could be hitting your Chipotle budget, and El Salvador is taking cryptocurrency seriously. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

9 Jun 202132min

Billionaire businessman and hedge funder Marc Lasry breaks down his outlook for the Federal Reserve, meme stock mania, and the bitcoin roller coaster of 2021. Lasry, a co-owner of the Milwaukee Bucks, weighs pros and cons of getting back in the game for the Olympics--either his players, or himself. Former NYSE President and Chairman of Far Peak Thomas Farley talks basketball and interest rates with Lasry, Becky, and Andrew. The FDA has approved the first Alzheimer’s drug in nearly two decades, but Biogen faces tough questions from investors about the drug and its pricing. CNBC’s Meg Tirrell and CFRA Analyst Kevin Huang break down Wall Street’s concerns about the drugmaker’s next steps. Plus, Apple is out with new gadgets and features, President Biden is unkinking the supply chain, and hackers, hacked: the U.S. government is headed for the Darkside Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

8 Jun 202134min

Amazon founder Jeff Bezos is headed for space; he has a seat on Blue Origin’s first human space flight, and the rocket lift off is in July. As cyber attacks ramp up, White House Cyber Adviser Anne Neuberger shares the government’s efforts to keep American companies safe--but she needs the private sector’s cooperation. Former FDA Commissioner Dr. Scott Gottlieb considers the summer slowdown in U.S. vaccinations, but he expects low Covid-19 prevalence to, for the most part, keep the public safe. Plus, the G-7 nations have agreed to back a globally coordinated tax rate, and economists have their eye on U.S. inflation and consumer optimism. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

7 Jun 202138min

Retail investors have driven much of AMC Entertainment’s stock roller coaster, and they’re calling themselves “apes.” One of the most vocal of those apes: host of YouTube channel “Trey’s Trades,” Trey Collins. Just hours after his YouTube interview with AMC CEO Adam Aron, Collins shared his outlook for AMC stock and the meme stock movement. He believes the fundamental value of the movie theater chain’s shares will be between $20 and $25 at the end of 2021, although shares of the company hit an all-time high this week, topping out at $72.62. Squawk Box anchors Joe Kernen, Becky Quick and Andrew Ross Sorkin go inside the general shift happening in the stock markets -- it’s about more than free popcorn. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

4 Jun 202122min

June marks the 100th anniversary of the 1921 Tulsa Massacre -- one of the worst incidents of racial violence in US history, claiming the lives of 300 African-Americans living, working, and thriving in a neighborhood known as Black Wall Street. After a white mob prompted two days of deadly violence, the events were largely forgotten for decades. A century later, in the wake of 2020’s racial justice protests and George Floyd’s murder, survivors of the massacre shared their experience with Congress. CNBC’s Frank Holland reports from Tulsa, Oklahoma, reflecting on those survivor testimonies and the legacy of Black Wall Street. In a conversation about Black representation in finance and beyond, BET Founder and RLJ Companies founder Robert Johnson considers the impact--and the intention--of businesses pledging money and support to the Black community. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

4 Jun 202131min

AMC stock is taking investors on a wild ride. In the midst of a retail investor trading frenzy, AMC announced a stock sale, tanking its share price in the latest chapter of the movie chain volatility. Miami is gearing up for a crypto-palooza, with 20,000 visitors expected to attend the world’s largest crypto conference in the city this weekend. Miami Mayor Francis Suarez says he’s betting on Bitcoin for the future of his city and the future of his portfolio. Hackers are holding up summer commuters, and President Biden is still working with lawmakers on a bipartisan infrastructure bill. Plus, Elon Musk is trying to save the world from bitcoin’s climate impact...while sending rockets into space. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

3 Jun 202126min