Squawk Pod

NFL owners have voted to allow private equity firms to invest at up to 10% of a team stake. Robert Kraft, owner of the New England Patriots, explains the long-deliberated move for the sport, and what it means for fans and players. Former National Economic Council deputy director Bharat Ramamurti once advised Sen. Elizabeth Warren (D-MA) and now advises the Harris-Walz campaign on economic issues. He discusses VP Harris’ latest “opportunity and accountability” pitch: changes to the tax code. Plus, Warren Buffett is selling more of Berkshire Hathaway’s Bank of America shares, and hotel prices are moving higher and higher. Robert Kraft 13:57Bharat Ramamurti 24:47 In this episode:Becky Quick, @BeckyQuickJoe Kernen, @JoeSquawkKatie Kramer,@Kramer_Katie

28 Aug 202432min

Edgar Bronfman has dropped his bid for Paramount Global, clearing the way for a merger with Skydance. Media watcher Rich Greenfield explains that the hardest part is ahead for the legacy entertainment company and its new owner, billionaire David Ellison. CNBC’s Steve Kovach explains Apple’s c-suite reshuffling after the company announced its CFO will change roles in January. Mark Zuckerberg has spoken out in a letter airing frustration with the Biden administration over Covid-19 content on Meta’s platforms. Plus, we dive into space with NASA astronaut and Columbia professor Mike Massimino. SpaceX has postponed the first civilian spacewalk after a helium leak was detected on the Polaris craft. In February of 2025, the company will ferry two astronauts home after an eight day trip to the International Space Station turned into 8 months. Massimino describes how space travel safety has evolved in the past decade.  Steve Kovach 3:08Rich Greenfield 15:05Mike Massimino 21:24 In this episode:Rich Greenfield, @RichLightShedBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkKatie Kramer, @Kramer_Katie

27 Aug 202429min

Former Presidential candidate Vivek Ramaswamy is now a surrogate for the Trump campaign. 70 days before the election, Ramaswamy takes on Democratic nominee Harris’ economic agenda, and calls for her to give an unscripted interview to mainstream media. Ahead of Labor Day, GasBuddy’s head of petroleum analysis Patrick de Haan says fuel prices will likely stay low and get lower by the weekend, in many states below $3 per gallon. Federal Reserve Chair Jay Powell clearly signaled an interest rate cut in 2024, and Kroger and Albertsons are going to court to defend their merger, under FTC scrutiny.  Plus, Elon Musk’s SpaceX might step in to help astronauts stranded by Boeing’s Starliner. Vivek Ramaswamy 16:31Patrick de Haan 31:22 In this episode:Vivek Ramaswamy, @VivekGRamaswamyLeslie Picker, @LesliePickerMike Santoli, @michaelsantoliJoe Kernen, @JoeSquawkKatie Kramer, @Kramer_Katie

26 Aug 202432min

After the Democratic National Convention’s final night, Senator Elizabeth Warren (D-MA) defends Democratic Presidential Nominee Kamala Harris’ economic plan in a lively debate. CNBC’s Megan Cassella recaps the evening–and the week–of joy from Democrats convening in Chicago. Plus, after lunch spot chain Cava reported healthy quarterly results, CEO and co-founder Brett Schulman shares his plans for fast casual Mediterranean food and his strategy for keeping prices reasonable for consumers.  Sen. Elizabeth Warren - 15:11Brett Schulman - 38:08 In this episode:Sen. Elizabeth Warren, @SenWarrenMegan Cassella, @mmcassellaKelly Evans, @KellyCNBCJoe Kernen, @JoeSquawkKatie Kramer, @Kramer_Katie

23 Aug 202441min

The third night of the Democratic National Convention in Chicago featured speeches from Minnesota Governor Tim Walz, former President Bill Clinton, Oprah Winfrey, Mindy Kaling, plus performances from Stevie Wonder and John Legend. Megan Cassella recaps the energetic evening on the ground in Chicago. Kamala Harris’ former chief economic advisor Mike Pyle discusses the campaign’s policy specifics so far, including corporate tax rates and a price gouging crackdown. CNBC’s Robert Frank breaks down Vice President Harris’ plans for taxing capital gains and unrealized gains. Plus, Peloton is still spinning along despite a slowdown in demand, Disney is searching for a Bob Iger successor, and Microsoft’s controversial AI Recall feature is coming soon to testers.  Megan Cassella 19:17Mike Pyle 22:46Robert Frank In this episode:Megan Cassella, @mmcassellaRobert Frank, @robtfrankAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkKatie Kramer, @Kramer_Katie

22 Aug 202437min

Target has reported a strong second quarter. CEO Brian Cornell shares the results, what he’s seeing from inflation-squeezed shoppers, and his perspective on corporate tax rates. After the second night of the DNC, Rep. Josh Gottheimer (D-NJ) discusses the overall sentiment of the event, highlighting the speakers’ focus on hope and unity throughout their remarks. CNBC’s Megan Cassella wraps up the highlights from night two, like a special appearance from Lil Jon and speeches from both Michelle Obama and former President Barack Obama. Plus, a federal judge struck down the FTC’s attempt to ban non-competes, and the Labor Department is revising down the jobs number. Brian Cornell - 11:19Megan Cassella - 23:07Rep. Josh Gottheimer - 28:09 In this episode:Rep Josh Gottheimer, @RepJoshGMegan Cassella, @mmcassellaBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkKatie Kramer, @Kramer_Katie

21 Aug 202433min

The 2024 Democratic National Convention is underway in Chicago. CNBC's Megan Cassella breaks down the first night's key moments, including speeches from President Biden and UAW President Shawn Fain. House Minority Leader Hakeem Jeffries (D-N.Y.) discusses Vice President Harris' economic agenda including her proposal to raise the corporate tax rate to 28%. Meanwhile, the U.S. Open kicks off in just under a week; USTA CEO Lew Sherr previews the action and underscores the rising fandom of tennis in recent years. Plus, Boeing has halted testing of its 777X aircraft after a production snag, and California Governor Gavin Newsom has signed 10 new bills into law, aiming to combat retail crime. Megan Cassella - 04:10Gabrielle Fonrouge - 12:04Rep. Hakeem Jeffries - 18:02Lew Sherr - 31:20 In this episode:Megan Cassella, @mmcassellaGabrielle Fonrouge, @FonrougeGabHakeem Jeffries, @RepJeffriesBecky Quick,@BeckyQuickJoe Kernen, @JoeSquawkCameron Costa, @CameronCostaNY

20 Aug 202436min

In the latest chapter of a volatile month for equities, the S&P rallied nearly 4% for its best week since 2023. High prices for basics like eggs are still squeezing consumers, though, and Vice President Kamala Harris has begun to hint at her economic agenda, including federal action to prevent price gouging. She will formally accept the Democratic nomination for President at the Democratic National Convention kicking off Monday in Chicago. Stephen Moore, economic advisor for the Republican nominee Donald Trump, offers his perspective on VP Harris’ plans, while Groundwork Collaborative’s Lindsay Owens defends the strategy as commonsense. Plus, mpox cases and deaths are rising in the Democratic Republic of the Congo, and the Philippines has detected its first case. Former FDA Commissioner Dr. Scott Gottlieb explains the history of the virus, the treatments for it, and new information on how it spreads.  Lindsay Owens & Stephen Moore 18:30Dr. Scott Gottlieb 33:02 In this episode:Dr. Scott Gottlieb, @ScottGottliebMDJoe Kernen, @JoeSquawkKelly Evans, @KellyCNBCMike Santoli, @michaelsantoliKatie Kramer,@Kramer_Katie

19 Aug 202439min