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

Merck and partner Ridgeback Biotherapeutics have asked the FDA to approve their Covid-19 antiviral pill molnupiravir for emergency use. It’s only the latest in a stream of biotech innovation this year; Dr. Christiana Bardon, co-managing partner of one of the world’s largest biotech investment firms MPM BioImpact Capital, discusses the sector’s opportunities for portfolios and public health right now. The global energy crisis has sent crude oil to over $80 a barrel, and vice chairman of IHS Markit Dan Yergin says its coming for politicians in Washington, D.C. Plus, Southwest Airlines faces a tough day on Wall Street after mass cancelations over the weekend, and William Shatner is going to space--at the young age of 90. In this episode:Dr. Christiana Bardon, @MPMCapitalDan Yergin, @DanielYerginJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuick Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

11 Okt 202128min

The U.S. economy created much fewer jobs in September than economists were hoping, a disheartening sign of the country’s pandemic recovery. CNBC’s Steve Liesman, BlackRock’s Kate Moore, and Chicago Booth School’s Austan Goolsbee break down the dismal jobs report and its implications. Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, discusses the timeline for getting a Covid-19 vaccine authorized for young children. Tesla CEO Elon Musk is moving the company’s HQ to Texas; CNBC’s Phil LeBeau reports on the key moments from Tesla’s annual shareholder meeting. CNBC’s Ylan Mui discusses the Senate’s short-term bill increasing the nation’s debt limit through Dec. 3, avoiding an economic catastrophe. Plus, pay for your Tinder date's Lyft ride!In this episode:Scott Gottlieb, @ScottGottliebMDYlan Mui, @ylanmui Steve Liesman, @steveliesmanPhil Lebeau, @LebeaucarnewsAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuick Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

8 Okt 202129min

Global gas prices are soaring, and Americans are now paying the most at the pump in seven years. Jeffrey Currie, Goldman Sachs global head of commodities research, discusses what’s driving the spike in energy prices. Currie says that the structural underinvestment to supply and deliver energy commodities and an increase in demand as economies reopen could be to blame. CNBC’s Julianna Tatelbaum also reports U.K. consumers and businesses are bracing for higher electricity bills this winter amid a surge in natural gas prices. General Stanley McChrystal, former commander of the U.S. and International Security Assistance Forces in Afghanistan, offers a “battle-tested” system for finding and assessing risk, drawing on his book, “Risk: A User’s Guide.” Plus, lawmakers work to avoid a debt ceiling “catastrophe,” pandemic wardrobes are shifting away from sweatpants, and bourbon distillers are facing big bills. In this episode: Jeff Currie, @GoldmanSachsGen. Stanley McChrystal, @StanMcChrystalJulianna Tatelbaum, @CNBCJuliannaJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuick Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

7 Okt 202124min

Facebook faced negative testimony about user health and safety from a whistleblower yesterday in front of Congress. CNBC’s Julia Boorstin reports Facebook CEO Mark Zuckerberg is defending the company against the accusations from whistleblower Frances Haugen. Sherrilyn Ifill, president and director-counsel of the NAACP Legal Defense and Education Fund, also discusses why lawmakers need to enact regulations against Facebook.Democrats are looking to suspend the debt ceiling by targeting the filibuster ahead of a mid-October deadline. Treasury Secretary Janet Yellen and other economists say a failure to pay even one interest payment could spark a dramatic rise in interest rates across the country, weaken the U.S. dollar and threaten the greenback’s status as the globe’s reserve currency. Delaware Senator, Chris Coons (D), discusses the way forward on reconciliation and President Biden’s agenda.  In this episode:Chris Coons, @ChrisCoonsSherrilyn Ifill, @Sifill_LDFJulia Boorstin, @JBoorstinJoe 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.

6 Okt 202131min

As the debt ceiling deadline looms, Treasury Secretary Janet Yellen says a failure to suspend or raise it could mean “catastrophic” consequences for the U.S. economy and reputation. If Congress does not find a deal by October 18th, the country will default for the first time. Yellen addresses tax concerns, proposals to avoid default, and the longevity of her successor at the Fed, Jerome Powell. Plus, computing legend Michael Dell discusses his new book, “Play Nice But Win,” and recalls starting Dell 37 years ago from a bathroom, with just $1000. He reveals the real, unglamorous stories behind his success, and what it takes to quietly build an 80 billion dollar brand.  In this episode:Janet Yellen, @SecYellenMichael Dell, @MichaelDell Joe 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.

5 Okt 202136min

Ozy Media CEO Carlos Watson speaks out, addressing numerous reports of mistruths that have led to his company’s demise. Confronted with misleading claims in his own company’s pitch deck and a review of texting exchanges between himself and Andrew Ross Sorkin, Watson defends the company’s history and discusses his own leadership. He addresses the allegations of inflated viewer metrics, his COO’s impersonation of a YouTube executive on an investor call with Goldman Sachs, and suggestions that his staff was misled about their work’s exposure and impact. In a lively interview, Watson assures Joe, Becky, and Andrew that Ozy Media will continue operations, and takes on the NYT media reporter who broke the story  first, Ben Smith.In this episode:Carlos Watson, @carloswatsonJoe 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.

4 Okt 202133min

Merck and Ridgeback Biotherapeutics have developed a therapeutic pill for Covid that reduces the risk of hospitalization or death by around 50% for patients with mild or moderate cases. CNBC’s Meg Tirrell reports that Merck hopes for emergency use authorization after “compelling results” in trials. Dr. Scott Gottlieb, former FDA commissioner, also discusses Merck’s late-stage data and says it’s a ‘profound game changer’. Billionaire investor Marc Lasry has resigned as chairman of Ozy Media, just three weeks to the day after he took the job, and less than a week since the digital news startup’s deceptive marketing methods came to light. Ben Smith, the New York Times media columnist who broke the first story, discusses the Ozy drama. Facebook’s global head of safety spoke to Instagram’s impact on teenagers’ mental health at a Senate subcommittee hearing. Senators compared Facebook to the tobacco industry for going after teens and children with a product they know is harmful to their health.In this episode:Ben Smith, @benytScott Gottlieb, @ScottGottliebMDMeg Tirrell, @megtirrellJoe 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.

1 Okt 202130min

Congress will race to prevent a government shutdown before the debt deadline, today at midnight. CNBC’s Ylan Mui details the various other deadlines on the docket for lawmakers, including a short-term appropriations bill and the infrastructure bill. Former OMB Director in the Trump administration Mick Mulvaney joins former U.S. Senator Heidi Heitkamp (D-ND) to discuss bipartisanship, baseball, and averting a shutdown. AstraZeneca’s Covid-19 vaccine showed 74% efficacy in a U.S. clinical trial, and 83.5% efficacy in people 65 years and older. The company expects to file for U.S. approval later this year. Meanwhile, the CDC has issued a health advisory to increase Covid-19 vaccinations among women who are pregnant, recently pregnant or trying to become pregnant, to prevent serious illness and death. Plus, inflation is hitting Bed Bath & Beyond and Dollar Tree, the Business Roundtable has a new Chair, and booze stocks have a new boon. In this episode:Mick Mulvaney, @MickMulvaneyHeidi Heitkamp, @HeidiHeitkampYlan Mui, @ylanmuiJoe 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.

30 Sep 202129min