Ro Khanna on the Megabill & OpenAI Warns ‘Token’ Investors 7/3/25

The 5 things you need to know before the stock market opens today: President Trump announces new tariffs on Canada, Secretary of State Marco Rubio travels in Asia, Google will provide cloud-computing services for the U.S. government, Apple is prepping a new range of product releases, and Flutter comes closer to buying FanDuel. 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.

11 Juli 2min

Senator Rand Paul (R-Kentucky) stood firm on his “no” vote on President Trump’s megabill. He explains why the legislation’s additions to the deficit were too high for him to change his vote, and why he proposed a spending “leash” as a compromise. Rockefeller Capital Management CEO Greg Fleming digs into market performance in 2025. We were due for an adjustment, he says, but the U.S. stock market is resilient, and American exceptionalism is not over yet. Plus, X CEO Linda Yaccarino is stepping down, Ferrero Rocher is buying cereal company WK Kellogg, Nvidia has touched the $4T market cap threshold, and President Trump is threatening a 50% tariff against Brazil for political reasons.  Megan Cassella - 7:41Rand Paul - 21:14Greg Fleming - 34:59 In this episode:Sen. Rand Paul, @RandPaulMegan Cassella, @mmcassellaJoe Kernen, @JoeSquawkContessa Brewer, @contessabrewerRobert Frank, @robtfrankKatie Kramer, @Kramer_Katie

10 Juli 44min

In another leadership change, Apple’s COO and presumed Tim Cook successor Jeff Williams has announced his retirement. CNBC’s Steve Kovach discusses Apple’s recent turnover and its strategy to rise to investor and innovator expectations in the AI race. Ripple has selected BNY to be custodian of its stablecoin; CEO Brad Garlinghouse explains his vision for crypto and institutional finance ahead of his testimony in crypto hearings on Capitol Hill. Plus, Philadelphia has ended the worker strike that left garbage pickup stalled, two Squawk Box guests (both named Kevin) may be vying for top spot at the Federal Reserve, and President Trump is threatening more tariffs on pharmaceutical companies.   Brad Garlinghouse - 13:41Steve Kovach - 21:29 In this episode:Joe Kernen, @JoeSquawkMelissa Lee, @MelissaLeeCNBCKatie Kramer, @Kramer_Katie

9 Juli 24min

The 5 things you need to know before the stock market opens today: SpaceX is preparing to sell insider shares, the China unit of Starbucks has attracted offers for a potential stake sale, valuing that business at up to $10 billion, Boeing completed delivery of the most planes since December 2023, the TSA has officially changed shoe policy at airports, and Philadelphia workers have reached a deal with the city, nearing an end to a labor strike that halted garbage collection. 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.

9 Juli 2min

CEO and President of Atlantic Council Fred Kempe discusses how the Trump administration’s renewed push for trade deals with foreign partners are being factored into the markets–or not. Meta has lured another AI executive to its team with a multi-million dollar compensation package–this time, it’s Ruoming Pang from Apple. Wired Senior Writer Lauren Goode discusses the ongoing tech battle for top AI talent. Plus, the TSA may be changing shoe requirements at the airport, Elon Musk is releasing a new version of his AI bot Grok, and Courtney Reagan reports on the best deals for Prime Day shoppers.  In this episode:Lauren Goode, @LaurenGoodeFred Kempe, @FredKempeCourtney Reagan, @CourtReaganMegan Cassella, @mmcassellaJoe Kernen, @JoeSquawkMelissa Lee, @MelissaLeeCNBCKatie Kramer, @Kramer_Katie Megan Cassella - 03:18Courtney Reagan - 16:57Fred Kempe - 23:15Lauren Goode - 35:42

8 Juli 41min

In the latest phase of the Trump administration’s tariff strategy, Treasury Secretary Scott Bessent warned that the foreign nations without deals by August 1st would end up with the tariffs enacted in April. Sec. Bessent then announced that the administration will make “several” trade-related announcements within the next 48 hours, signaling imminent progress even as U.S. tariff deadlines remain in flux. Meanwhile, New York City Mayor Eric Adams discusses his independent bid in the city's mayoral race, including the politics of Andrew Cuomo and the campaign promises of the Democratic candidate, Zohran Mamdani. Plus, Elon Musk is forming his own political organization called the "America Party," and CNBC’s Phil LeBeau reports on the negative reaction from some Tesla stockholders.  Phil LeBeau - 7:37Scott Bessent - 13:06Eric Adams - 30:29 In this episode:Sec. Scott Bessent, @SecScottBessentEric Adams, @NYCMayorBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY

7 Juli 41min

AMERICA’S DEFICIT RECKONING: What happens if the U.S. doesn’t rein in the budget deficit? CNBC Senior Finance & Banking Reporter Leslie Picker interviewed a dozen experts, investors and former government officials over the course of five months to explore the consequences of America’s fiscal path – not how to solve it, but what’s at stake if we don’t. This special report unpacks how rising debt threatens markets, hinders economic growth, and fractures international relations. From trillion-dollar annual interest payments to bond-market tremors to geopolitical vulnerability, CNBC explores the tipping point that the U.S. may be approaching – and whether it’s still possible to change course.

7 Juli 49min

The 5 things you need to know before the stock market opens today: Treasury Secretary Scott Bessent said over the weekend that countries who don’t make a trade deal with the U.S. before August 1st will see their tariff rates revert to what they were in April. Israeli Prime Minister Benjamin Netanyahu is meeting with President Trump at the White House today, Oracle is offering the U.S. government a 75% discount on some of its software, and Rep. Mark Green (R-Tennessee) will resign from Congress this month, temporarily tightening the margin between Democrats and Republicans in the House.  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.

7 Juli 1min