The Harris Economy, DNC Night 3 and Peloton’s Pickup 08/22/24

In a lively conversation, House Minority Leader Rep. Hakeem Jeffries (D-New York) discusses the future of the Democratic Party, Zohran Mamdani’s role in it, and strategies to make America more affordable. Centers for Medicare and Medicaid Services administrator Dr. Mehmet Oz discusses the Trump administration’s plans for the American health care system, including prior authorization requirements for Medicare. President Trump is weighing up to 11 potential Fed Chair nominees while pushing for lower interest rates from the central bank. Plus, Chinese AI company DeepSeek has reportedly run into issues using Huawei chips and investor Mario Gabelli is suing Shari Redstone’s National Amusements. Rep. Hakeem Jeffries - 22:02Dr. Mehmet Oz - 38:47 In this episode:Hakeem Jeffries, @RepJeffriesDr. Mehmet Oz, @DrOzJoe Kernen, @JoeSquawk Andrew 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.

14 Aug 43min

After the Bureau of Labor Statistics reported the closely-watched Consumer Price Index for July, economists–and CNBC’s Steve Liesman–are debating the impact of tariffs on economic data points. AI platform Perplexity has offered Google a $34 billion bid for its Chrome browser. Jonathan Kanter, former DOJ Assistant Attorney General under President Biden, shares his perspective on the AI wars for search engine dominance. After Cava’s quarterly report, the fast casual chain’s stock plummeted over 24%. CEO Brett Schulman isn’t worried, though; the morning after the release, he discusses his focus on delivering value for hungry consumers. Plus, Silicon Valley’s interest in “superbabies” is rising. Steve Liesman - 17:04Brett Schulman - 22:57Jonathan Kanter - 31:16 In this episode:Steve Liesman, @steveliesmanJoe Kernen, @JoeSquawk Andrew 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.

13 Aug 40min

The 5 things you need to know before the stock market opens today: the White House is still working out the details of President Trump’s plan to charge 15% export taxes on chipmakers’ business in China, OpenAI’s Sam Altman is working on a Neuralink competitor, the FDA is considering revoking authorization for Pfizer's Covid-19 vaccine for healthy children under age 5, Circle announced a new stock offering and a U.S. base in Anchorage is preparing to host the upcoming Trump-Putin Alaska summit.  Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin.  Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

13 Aug 1min

In his first interview since Circle’s IPO, Circle co-founder and CEO Jeremy Allaire explains the blockchain-native company’s first earnings report, as well as his own vision for the future of finance.  Elon Musk is threatening to sue Apple over its App Store rankings of AI apps; CNBC’s Steve Kovach and contributor Michal Lev-Ram discuss Musk’s strategy and the race for AI dominance. For the new BLS commissioner position, President Trump will nominate E.J. Antoni, an economist at the conservative Heritage Foundation. Steve Kovach - 21:27Michal Lev-Ram - 26:42Jeremy Allaire - 34:12 In this episode:Michal Lev-Ram, @mlevramJeremy Allaire, @jerallaireJoe Kernen, @JoeSquawk Andrew 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.

12 Aug 40min

Nvidia and AMD have reportedly agreed to give the U.S. government 15% of revenues from the chips they sell in China, in exchange for export licenses. The deal is an unprecedented arrangement between the government and private industry, raising concerns about what the deal represents for executive power whether it constitutes “paying off” the government.  Lip-Bu Tan, CEO of fellow chipmaker Intel, is headed to the White House after President Trump has publicly called for his resignation. President Trump and President Vladimir Putin will meet in Alaska on Friday; former Democratic Senator Heidi Heitkamp and former Acting Chief of Staff to President Trump Mick Mulvaney discuss the meeting and its optics. The Verge Deputy Editor Alex Heath maps out the battle for AI talent in tech, while firms offer millions for a small pool of hires. Plus, the list of potential Fed Chair nominees has gotten longer.  Heidi Heitkamp & Mick Mulvaney - 16:58Alex Heath - 30:09 In this episode:Alex Heath, @alexeheathJoe Kernen, @JoeSquawk Andrew 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.

11 Aug 35min

The 5 things you need to know before the stock market opens today: President Trump is considering deploying up to 1,000 National Guard troops in Washington, D.C., the President is urging China to quadruple its American soybean purchases, shares of lithium miners are spiking in Asia after a Chinese company halted operations, Warner Brothers’ “Weapons” claimed the top spot at the weekend box office, and AOL is officially ending dial-up on September 30. Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin.  Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

11 Aug 2min

The only person to have served as Treasury Secretary and as Federal Reserve Chair, Janet Yellen sits down to discuss interest rates, central bank independence, and the health of the U.S. economy. In a conversation with Andrew Ross Sorkin at the Aspen Economic Strategy Group Forum in Colorado, Yellen speaks candidly about President Trump’s pressure on sitting Fed Chair Jay Powell, as well as the policies of her successor at the Treasury, sitting Secretary Scott Bessent.  In this episode:Andrew 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.

8 Aug 22min

OpenAI CEO Sam Altman sits down for an extended interview after the ChatGPT-5 launch this week. In a wide-ranging conversation, Altman discusses the impact his AI is having on human agency and hints at the world he envisions, as AI becomes more integrated into every aspect of society. He explains the expensive bet he’s making on Silicon Valley’s top AI talent, as well as his decision to keep pushing innovation–before focusing on his OpenAI’s profitability. Plus, Intel is still in focus on Capitol Hill and Wall Street. Sam Altman - 19:23 In this episode:Sam Altman, @samaJoe Kernen, @JoeSquawk Andrew 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.

8 Aug 38min