Reddit Founder: Stay Home! and Regeneron’s Possible Coronavirus Breakthrough
Stay home! Reddit and Initialized Capital co-founder Alexis Ohanian bought a billboard in Times Square in the hopes “the crossroads of the world” is empty during the coronavirus scare. He explains why he’s staying home. Regeneron aims to have COVID-19 antibody treatment ready for human treatment by early summer, reports CNBC’s Meg Tirrell. The New York Times Foreign Affairs columnist Tom Freidman advises cool heads when understanding the exponential factor of public health and Dr. Michael Osterholm, Director of the University of Minnesota Center for Infectious Disease Research and Policy says we may have many more months of social isolation ahead.
17 Mars 202032min
Pandemic “Peak,” Faster Testing, Uber’s Lost Rides
As global fears of the spread of coronavirus mount, the Federal Reserve slashes rates to stave off a recession, we get analysis from CNBC's senior economics reporter, Steve Liesman. Former FDA Commissioner Dr. Scott Gottlieb says he believes the coronavirus will peak in the U.S. from around late April to early May. Swiss drugmaker Roche has the first commercially available diagnostic test to treat COVID-19 that can deliver results in just over three hours, we hear from CEO Severin Schwan and how he is addressing demand. Plus, Uber’s CFO Nelson Chai discusses a series of measures aimed at mitigating the effect of Coronavirus on its workers.
16 Mars 202025min
Special Episode: Life in China During an Outbreak
CNBC Beijing Bureau Chief Eunice Yoon shares details of living and reporting during a pandemic in a conversation exclusive to Squawk Pod. Cleveland Clinic is developing a test for COVID-19 that delivers results in eight hours, instead of multiple days. CEO of Cleveland Clinic Dr. Tomislav Mihaljevic explains testing capabilities at this stage in the pandemic and urges patients who feel ill to call healthcare facilities ahead of their visits. Plus, a bear market has begun.
13 Mars 202036min
A Pandemic, A Passenger, & A Market Plunge
The WHO has declared the coronavirus outbreak a pandemic, and Pulitzer Prize-winning columnist Tom Friedman says the U.S. needs a “World War II-level response.” Former FDA Chief Dr. Scott Gottlieb warns that the United States has been too slow to roll out broad virus testing. A passenger on a JetBlue flight tested positive for coronavirus; another passenger on that plane explains the airline’s response and his efforts to keep his family safe. The global pandemic continues to rock the economy, sending stocks into a bear market. Allianz Chief Economic Advisor Mohamed El-Erian expects more volatility--and a deeper drop--still to come.
12 Mars 202043min
Coronavirus Cancel Culture; Fact, Fiction, & Financial Fallout
China’s businesses are starting to reopen, but Eurasia Group President Ian Bremmer says China’s economy could be worse off than the government is letting on. Richard Attias is the events coordinator behind the Davos World Economic Forum; as the coronavirus outbreak prompts event cancellations around the globe, Attias explains how digital meetings aren’t the ideal solution. Plus, Tesla CEO Elon Musk is looking for a new gigafactory, and it could be coming to a city near you.
11 Mars 202029min
March Market Madness; Ariel Investments; Saudi Oil Output
Coronavirus fears have shaken the global markets; the New York Stock Exchange even tripped a “circuit breaker” designed to halt trading and give investors a few minutes of perspective. Virtus Investment Partners’ Joe Terranova weighs in on market volatility and President Trump’s planned stimulus package. Volatility has also shaken Robinhood, the millennial-favored trading platform. Ariel Investments Chairman John Rogers has 37 years of experience investing through crises, and he’s thinking long term through this market roller coaster. Plus, RBC’s Helima Croft is fresh off a trip to Riyadh with her insights on the Saudi-Russian oil price war that has sent crude prices to multi year lows.
10 Mars 202034min
Crude (Oil) Realities; Italian Lockdown; Hedge Fund Manager Kyle Bass
A split between Russia and Saudi Arabia has triggered oil’s biggest price plunge since the Gulf War, sparking fears of an all-out price war. ProShares Advisors’ Simeon Hyman and Strategas’ Jason Trennert discuss the oil production battle and the broader market sell-off. Dr. Luciano Borio, former Director of Medical and Biodefense Preparedness as the White House National Security Council joins former FDA Commissioner Dr. Scott Gottlieb to discuss coronavirus testing and the outbreak’s global impact. NBC’s Claudio Lavanga is on the ground in Rome with details on the Italian response to the virus. Hayman Capital Management founder and CIO Kyle Bass weighs in on oil prices, coronavirus concerns, and the market sell-off. The man who predicted the subprime mortgage crisis leading up to the Great Recession thinks the virus peak in financial markets is still a month away.
9 Mars 202038min
U.S. Secretary of State Mike Pompeo; Jamie Dimon’s Recovery
The markets see-sawed this week, but the Labor Department’s February jobs number is out and better than expected. The U.S. Secretary of State Mike Pompeo describes working with China during the coronavirus outbreak and keeping himself healthy during his travels. Exxon Mobil CEO and Chairman Darren Woods discusses sustainability and market volatility with Becky Quick. JPMorgan CEO Jamie Dimon is recovering from successful emergency heart surgery; Yale’s Jeff Sonnenfeld discusses the bank’s leadership during Dimon’s recovery and beyond. CNBC’s Alex Sherman shares details from his exclusive interview with the head of SoftBank’s Vision Fund, Rajeev Misra about SoftBank post-WeWork. Plus, a PSA: Tito’s Vodka is not a suitable hand sanitizer.
6 Mars 202035min
