SoftBank’s Masa Son on Wins, Losses, & Billion Dollar Bets
In a surprise reversal, Tesla CEO Elon Musk announced that his EV company will no longer accept Bitcoin as payment for its cars. His move comes as concerns about crypto’s environmental impact ring louder and louder: 1 bitcoin transaction has the same carbon footprint as over 735,000 Visa transactions and over 55,000 hours on YouTube. In an exclusive interview, SoftBank founder and CEO Masayoshi Son speaks to Andrew Ross Sorkin about his winning--and losing--bets, from Uber, Alibaba, and DoorDash to WeWork. The legendary tech investor admits that he missed out on opportunities like Airbnb, and explains some of his investment philosophy. Plus, the Japanese billionaire reveals his own concerns about the Tokyo Olympics. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
13 Maj 202132min
Inflation Consternation, Pipeline Problems, & The CryptoPunks Millions
In the wake of the Colonial Pipeline ransomware attack, Senate Intelligence Committee Chair Mark Warner (D-VA) plans to introduce bipartisan legislation that requires mandatory cyber incident reporting. Sen. Warner discusses the need for a coordinated cyber response team to protect American companies from malicious foreign actors employing cyber warfare. A set of NFTs sold for $17 million at a Christie’s auction this week; CNBC’s Robert Frank shares details of the CryptoPunks sale and explains how tech stock performances have affected the Elon Musk and Jeff Bezos fortunes. Plus, Wall Street is reeling from inflation concerns and a market sell-off. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
12 Maj 202123min
Stanley Druckenmiller: The Fed is Playing with Fire
In an extended, CNBC exclusive interview, billionaire investor and hedge fund manager Stanley Druckenmiller shares his concerns about the Federal Reserve’s extended accommodative monetary policy over a year into the pandemic. He considers risks to the markets and to the US dollar, and he highlights foreign bond buys, retail sales, and historical statistics in his case against the Fed Powell’s current course of action. Plus Druckenmiller, CEO of Duquesne Capital Management, ponders the next big thing in crypto and his exit from the US stock market. Pfizer’s Covid vaccine is approved for teens and children, and inflation anxieties mount on and off of Wall Street. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
11 Maj 202140min
The “DarkSide” of the Pipeline Shutdown; Dogecoin’s Nosedive; Hiring Slowdown
The United States’ largest fuel pipeline has been shut down since Friday after a cyber attack, and it’s not clear how long the outage will last. CNBC’s Brian Sullivan reports that the outage could lead to spot shortages of gas, diesel, and jet fuel, and CNBC’s Eamon Javers details the “DarkSide” hacking group reportedly responsible for the attack. The disappointing April jobs report sparked debate about why American hiring hasn’t picked up as quickly as economists expected. CNBC’s Steve Liesman and Rahel Solomon discuss whether the U.S. economy might experience a lasting shortage of labor after the jobs miss. Anthony Scaramucci, founder of Skybridge Capital, says unemployment benefits are not to blame; most Americans want to work. Scaramucci also recaps Elon Musk’s appearance on “Saturday Night Live” and the resulting dogecoin nosedive. The Biden administration announced last week that it supports waiving intellectual property protections for Covid-19 vaccines in order to address the global shortage. Dr. Scott Gottlieb, member of the boards of Pfizer and biotech company Illumina and former FDA Commissioner, says the patent won’t solve the immediate problem of global vaccine distribution. Gottlieb also discussed his thoughts on the quickly-changing federal guidance on coronavirus restrictions. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
10 Maj 202134min
Twitter’s Tip Jar & SEC’s New Chair Gary Gensler on Elon Musk, Bitcoin, & GameStop
In his first major interview as Chair of the Securities and Exchange Commission, Gary Gensler discusses his approach to bitcoin, the GameStop volatility, and the Archegos scandal. He identifies gaps in America’s regulatory ecosystem and emphasizes freshening the SEC’s rules to handle modern technology. While Elon Musk preps for the Saturday Night Live stage this weekend, Gensler shares his own view of media and celebrity roles in the markets. Plus, Twitter has introduced a new Tip Jar feature, and the Squawk Box anchors swap strategies to up engagement--and repair relationships with the new offering. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
7 Maj 202136min
Travel Tips & Trends in a Post-Covid U.S.
Booking Holdings CEO Glenn Fogel discusses the travel trends for Americans as vaccinations ramp up across the country. Airports are close to being busier than they’ve been in over a year, and Fogel says the communities with the best vaccination rollouts are the ones who stand to benefit the most from travelers. The Biden administration is attempting to mitigate global vaccination inequality by supporting waiving intellectual property rights for Covid vaccines. Plus, dogecoin’s ascent has Wall Street fascinated, and Broadway is making its way back for the masses. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
6 Maj 202123min
Jessica Alba & The Honest Company; Gary Vee & His NFT “VeeFriends”
Serial entrepreneur Gary Vaynerchuk has launched a collection of non-fungible tokens in the hopes of building a community around NFTs and integrating that technology with smart contracts. With his VeeFriends project, he’s attaching “utility” to non-fungible tokens, and he’s betting big on the metaverse and the crypto ecosystem. Jessica Alba, founder of lifestyle brand The Honest Company, joins her CEO Nick Vlahos in a conversation about the company’s debut on the Nasdaq. Her team is betting on a sustained interest in sustainability and the health-conscious economy. Plus, Treasury Secretary Janet Yellen is tempering her comments on a potentially “overheating” economy, and Krispy Kreme is serving up an IPO. Happy Cinco de Mayo! May your celebrations last until the Berkshire Hathaway stock splits. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
5 Maj 202138min
Dogecoin’s Epic Rise; The Gates Foundation Fortunes; Reopening New York
Union Square Hospitality Group and Shake Shack founder Danny Meyer discusses the restaurant industry’s biggest challenges in getting back to normal as New Yorkers gear up for a summer reopening. Dogecoin’s market cap continues to grow, despite its “funny” origins, and the philanthropic community wonders what’s next for the Bill and Melinda Gates Foundation. CNBC’s Robert Frank considers the couple’s divorce and its repercussions for charitable giving. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
4 Maj 202128min
