Scott Bessent & Trump’s Economy 2.0 11/06/24

Lawmakers in Washington continue to debate the spending bill and infrastructure plan. Transportation Secretary Pete Buttigieg discusses gridlock on the Hill, the Build Back Better Plan, and President Biden’s plans for a fairer tax system. Former Google CEO and Executive Chairman Eric Schmidt discusses his projections for an AI-enabled future in his new book, “The Age of AI and our Human Future.” Schmidt weighs in on Facebook’s Meta rebranding and the digital world’s impact on human society. Tesla’s deal with Hertz isn’t quite sealed yet, Elon Musk is recalling over 12,000 vehicles, and Amazon-backed electric vehicle company Rivian is seeking a market valuation of nearly $55 billion in its upcoming IPO. In this episode;Pete Buttigieg, @PeteButtigiegEric Schmidt, @ericschmidtJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkin  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

2 Nov 202137min

Barclays CEO Jes Staley is stepping down, following investigations into his relationship with convicted sex offender Jeffrey Epstein. CNBC’s Geoff Cutmore reports that UK regulators have not found evidence of Staley’s involvement or knowledge of Epstein’s crimes.  CNBC’s Meg Tirrell reports that Covid-19 vaccines for kids in the U.S. are coming soon, to a pharmacy or pediatrician’s office near you, and Dr. Kavita Patel, former White House policy director and fellow at the Brookings Institution, says that vaccinations are likely to occur by Thanksgiving. World leaders kick off the 2021 United Nations Climate Change Conference in Glasgow; Diana Olick reports on the COP26 agenda. Tom Friedman, New York Times foreign affairs columnist, discusses how the global energy crisis could impact climate goals, and considers how world leaders weigh environmental impact and economic stability. Plus, American Airlines has canceled over 2,000 flights since last week, blaming staffing shortages and weather concerns. In this episode:Tom Friedman, @tomfriedmanDr. Kavita Patel, @kavitapmdDiana Olick, @DianaOlickMeg Tirrell, @megtirrellGeoff Cutmore, @GeoffCutmoreBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkin Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

1 Nov 202133min

Facebook has changed its company name to Meta. The new name reflects the company’s growing ambitions beyond social media and into a more virtual world. Alexis Ohanian, founder of VC firm Seven Seven Six and former executive chairman of Reddit, discusses Facebook’s name change and plans for the metaverse. Alexis also spoke with Eclipse CEO Aylon Steinhart to discuss the plant-based ice cream company’s rapid growth. Treasury Secretary Janet Yellen says the Biden administration’s infrastructure spending proposal will lower inflation by reducing costs vital to households. Yellen also told CNBC that the $1.75 trillion framework for President Joe Biden’s climate and social spending priorities is “fully paid for”. Plus, In this episode:Alexis Ohanian, @alexisohanianAylon Steinhart, @AylonSteinhartBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkin Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

29 Okt 202130min

As Democrats wrestle over how to pay for their social spending package, a proposal to tax the wealthiest Americans has emerged. However, if the plan survives pushback from other party members, it may still face legal obstacles. As Christmas approaches, toy makers are working around the clock to ensure enough supply and timely delivery for the shopping season. Mattel chairman and CEO Ynon Kreiz discusses how his company is navigating supply chain issues, inflation pressures, and making products that reflect all of Mattel’s consumers. Apple's recent privacy crackdown has affected the largest players in online advertising. CNBC’s Jon Fortt breaks down how the new privacy changes have hit tech companies. Plus, Comcast’s third-quarter earnings beat analyst expectations on the top and bottom lines.In this episode:Ynon Kreiz, @MattelJon Fortt, @jonforttBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkin Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

28 Okt 202129min

Ron Baron, Baron Capital chairman and CEO, says he’s made $6 billion on his investment in Tesla and plans to remain a shareholder for at least another ten years. One of the EV company’s biggest bulls on Wall Street, Baron discusses his faith in Elon Musk and the electric road ahead. In the extended interview, billionaire Baron also addresses the Democrats’ latest plan to tax billionaires’ unrealized capital gains. CNBC’s Ylan Mui reports on the proposed wealth tax, and whether it could begin to shore up President Biden’s social services and climate change plan. Plus, Robinhood shares are down after the trading app disappointed Wall Street in its quarterly report, and an FDA panel has recommended a lower dose of Pfizer’s vaccine for children ages 5 to 11.In this episode:Ron Baron, @baronfundsYlan Mui, @ylanmuiBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkin Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

27 Okt 202136min

Shares of Facebook are on the rise despite a slew of negative headlines shrouding the social media company. CNBC’s Julia Boorstin reports on the company’s latest quarterly earnings and discusses Mark Zuckerberg’s response to the leaked “Facebook Papers.” Henry Blodget, Insider Inc. co-founder, CEO and editorial director, weighs in on Facebook’s reputation and its potential to overcome the drama. As lawmakers inch closer to finalizing their social spending package, Senate Democrats are eyeing a tax on billionaires to help fund the plan. CNBC’s Robert Frank discusses how billionaires are reacting to the Democrats’ plan to target their unrealized capital gains; economics professor and former Bernie Sanders advisor Stephanie Kelton joins Loren Ponds, tax policy co-lead at Miller and Chevalier, to break down the battle against the billionaires’ billions. Plus, Elon Musk’s net worth is soaring as Tesla hits a trillion dollar market cap, and Cathie Wood weighs in on the inflation debate on Twitter. In this episode:Julia Boorstin, @JBoorstinHenry Blodget, @hblodgetStephanie Kelton, @StephanieKeltonLoren Ponds, @millerchevalierRobert Frank, @robtfrankBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkin Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

26 Okt 202141min

As Facebook combats leaked internal documents and growing concerns from users and lawmakers alike, early investor and LinkedIn co-founder Reid Hoffman retains hope that the platform will deliver on its potential to do more good than harm. In a wide-ranging interview, Hoffman discusses Apple’s privacy changes and technology’s potential to streamline a struggling supply chain. House Speaker Nancy Pelosi says Democrats are close to finalizing an agreement on the social safety net plan that would allow for the bipartisan infrastructure bill to move forward. CNBC’s Ylan Mui reports on the agreement. Also on the Hill, Democrats are taking aim at billionaires and their unrealized capital gains with a new wealth-tax plan. Plus, CNBC’s Eamon Javers reports that Microsoft says it’s identified another wave of cyber attacks by the Russian intelligence service, similar to last year’s devastating SolarWinds hack. In this episode:Reid Hoffman, @reidhoffmanYlan Mui, @ylanmui Eamon Javers, @EamonJaversJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkin Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

25 Okt 202132min

SPANX has accepted its first outside investor in its 21-year history: Blackstone. Sara Blakely, founder of the billion-dollar shapewear company, shares stories of her start, decades ago, Blackstone’s all-female deal team, and disrupting retail. Blackstone’s Ann Chung discusses striking the deal and betting on shapewear amid a pandemic. Pfizer has revealed that in its clinical trial, its Covid-19 vaccine proved over 90% effective in kids aged 5-11. Plus, the CDC has approved Moderna and Johnson & Johnson Covid-19 booster vaccines for the elderly, immunocompromised, and adults over 18. U.S. Surgeon General Dr. Vivek Murthy discusses both announcements, and what Americans can expect as we head into the colder months. WeWork survived its first day of trading, but Snap had a rough day on the market.  In this episode:Dr. Vivek Murthy, @Surgeon_GeneralSara Blakely, @SPANXBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkin Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

22 Okt 202130min