Squawk Pod

Carlyle Group co-founder and co-chairman David Rubenstein considers how the banking crisis of today compares to that of 2008. In a wide-ranging conversation, he discusses the latest jobs report, the tight labor market, and the Federal Reserve’s path forward. Rubenstein shares details from his upcoming new docuseries on PBS, “Iconic America.” A federal judge in Texas suspended the FDA’s approval of the abortion pill mifepristone. CNBC’s Meg Tirrell reports on the pharmaceutical response to the decision. Plus, ‘The Super Mario Bros. Movie’ had a big weekend at the box office, China completed military exercises near Taiwan, and Jon Rahm mastered the Masters.  In this episode:Meg Tirrell, @megtirrellEamon Javers, @EamonJaversAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkMelissa Lee, @MelissaLeeCNBCCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

10 Apr 202326min

The U.S. economy added 236,000 jobs in March, and the unemployment rate ticked down to 3.5%. Joe Kernen, Becky Quick, and Andrew Ross Sorkin break down the Labor Department’s latest data and what it means for investors and for the Federal Reserve’s rate hiking journey. CNBC’s Steve Liesman and Rick Santelli join SMBC Nikko Securities America Chief Economist Joe Lavorgna and former Labor Department Chief Economist Betsey Stevenson to digest the report.   In this episode:Steve Liesman, @steveliesmanAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

7 Apr 202315min

President Macron is meeting President Xi, Speaker Kevin McCarthy (R-CA) is meeting President Tsai, and CNBC’s Eunice Yoon has the pulse of Beijing through it all, on the ground in China. Stateside, high tax states like New York and California are seeing an exodus of residents due to the burden. CNBC’s Robert Frank reports on the money-fueled movers, and former Senator Judd Gregg (R-NH) debates sitting Senator Michael Gianaris (D-NY) about the tax policies and wealth disparities shifting in America. LightShed’s Rich Greenfield offers a sneak peek at the movie and streaming world: a weekend watch list for moviegoers and a “for sale” sign, for moviemakers. Plus, Costco reported lackluster sales, and Tesla has released its “Master Plan 3.” In this episode:Rich Greenfield, @RichLightShedEunice Yoon @onlyyoontvRobert Frank, @robtfrankAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

6 Apr 202338min

For better or worse, the age of AI has arrived! LinkedIn co-founder, ‘Masters of Scale’ podcaster, and OpenAI investor Reid Hoffman co-founded AI company Inflection and co-wrote a book with GPT-4; he considers public fears of the technology, calls to pause its development, and the rift between Elon Musk and OpenAI founder Sam Altman. ExxonMobil is growing its green energy business. Dan Ammann, President of ExxonMobil Low Carbon Solutions, shares how clean energy fits in with the company’s larger business goals. The Justice Department has criminally charged Charlie Javice, founder of college financial planning platform Frank, with defrauding JPMorgan Chase out of $175 million. Plus, CNBC’s Eamon Javers reports on news from former President Trump’s arraignment in Manhattan.In this episode:Reid Hoffman, @reidhoffmanDan Ammann, @exxonmobilEamon Javers, @EamonJaversAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

5 Apr 202332min

JPMorgan Chase CEO Jamie Dimon delivers a direct warning in his annual letter: “The current crisis is not yet over.” Joe Kernen, Becky Quick, and Andrew Ross Sorkin digest Dimon’s commentary on the banking crisis, inflation, and energy with real estate mogul and Starwood Capital Chairman and CEO Barry Sternlicht. In a direct conversation spanning inflation, the Fed, and corporate real estate, Sternlicht warns, a recession is coming. At Disney, CEO Bob Iger has fired back at Florida Governor Ron DeSantis, and he has spoken directly to shareholders. BofA Securities analyst Jessica Reif Erlich unpacks all the storylines in the House of Mouse. Plus, Google is cutting costs–and paper–where it can.  In this episode:Andrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

4 Apr 202334min

UFC parent Endeavor is taking a majority stake in World Wrestling Entertainment, spinning off UFC and WWE into a new company. CNBC’s Alex Sherman, who broke the story over the weekend, discusses the many colorful characters in the new boardroom, and what’s next in streaming and scripted entertainment. Sen. Joe Manchin (D-WV) discusses the Inflation Reduction Act, U.S. deficit, and pushing for a “reasonable, responsible” middleground. Plus, OPEC is cutting oil output, in a surprise announcement, McDonald’s is preparing to lay off corporate workers, and Starbucks is at odds with the labor unions–again. In this episode:Senator Joe Manchin, @Sen_JoeManchinAlex Sherman, @sherman4949Andrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

3 Apr 202336min

Former President Donald Trump has been indicted by a grand jury for hush money payments to porn star Stormy Daniels just before the 2016 election. It marks the first time a former U.S. president has been charged with a crime. CNBC’s Eamon Javers reports on Trump’s indictment and what it means for the future of the Republican party. The Fed’s key inflation gauge rose slightly less than anticipated in February, providing some hope that interest rate hikes are helping ease price increases. Jason Furman, former chair of the Council of Economic Advisers and Harvard economics professor, discusses his current thoughts on the Federal Reserve. Plus, Atlantic Council CEO Fred Kempe discusses the United States’ relationship with China and what it means for big tech companies like TikTok, Apple and Tesla.In this episode:Jason Furman, @jasonfurmanFred Kempe, @FredKempeEamon Javers, @EamonJaversJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickZach Vallese, @ZachVallese Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

31 Mars 202325min

House lawmakers tore into top U.S. bank regulators at congressional hearings this week about how Silicon Valley Bank and Signature Bank collapsed practically overnight. Daniel Tarullo, former Fed governor and Harvard Law School professor, discusses what went wrong with Silicon Valley Bank, if de-regulation had any impact on the collapse, and who is at fault. Elon Musk and dozens of other technology leaders have called on AI labs to pause the development of systems that can compete with human-level intelligence. Michael Wolf, Activate co-founder and CEO, discusses his concerns with artificial intelligence but says you can’t stop the forward march of technology. Plus, CNBC’s Robert Frank reports some wealthy residents in Los Angeles are racing to unload their high priced homes before a new mansion tax goes into effect.In this episode:Michael Wolf, @mjwRobert Frank, @robtfrankJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickZach Vallese, @ZachVallese Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

30 Mars 202331min