Squawk Pod

CNBC’s Alex Sherman reports on the inside story of a CEO succession plan gone awry at Disney — a cautionary tale of how good intentions clashed with ego and hubris at the highest levels of corporate America. Sherman spoke with more than two dozen people who worked closely with Disney’s last two CEOs, Bob Iger and Bob Chapek, between 2020 and 2022. His report features many never-before reported details about Chapek’s tenure, how and why he was fired, and Iger’s plan to revive Disney now that he’s CEO once again. To read the full article go to https://cnb.cx/3Pr3kEd Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

13 Nov 202343min

At the 30th annual Baron Investment Conference, billionaire buy-and-hold investor Ron Baron explains why 10% of his portfolio is Tesla stock, and 4% is SpaceX. He’s Elon Musk’s biggest bull, and he shares his excitement about the “railroad to space” SpaceX is planning to build. A long-term investor and optimist, Baron explains why he has never owned a bond, and why he invests as much as he can, whenever he can. Plus, Senator Joe Manchin (D-WV) is not seeking reelection, which has sparked speculation that he may be readying himself for a Presidential bid.  Ron Baron - 10:35, 26:46 In this episode:Andrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkMelissa Lee, @MelissaLeeCNBCKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

10 Nov 202331min

Senators Joe Manchin (D-West Virginia) and Mitt Romney (R-Utah) have proposed their Fiscal Stability Act, as the deadline to avert a government shutdown approaches. The bipartisan colleagues discuss the government debt crisis, as well as leadership in both parties in the 2024 election cycle. CNBC Julia Boorstin interviewed Disney CEO Bob Iger after the entertainment giant reported its Q4 results. She shares highlights from the conversation and the significance of SAG-AFTRA’s tentative agreement with Hollywood, ending the industry’s strike. Plus, Eli Lilly’s weight loss drug has been approved by the FDA, and America is digesting the third Republican Presidential debate.  Julia Boorstin - 8:52Senators Joe Manchin & Mitt Romney - 16:47 In this episode:Joe Manchin, @Sen_JoeManchinMitt Romey, @MittRomneyJulia Boorstin, @JBoorstinAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

9 Nov 202333min

After testifying before the Senate Judiciary Committee, former Facebook employee and former Instagram consultant Arturo Béjar joins Joe Kernen, Becky Quick, and Andrew Ross Sorkin to discuss his calls for teen safety tools on Meta’s platforms. Béjar shares data on the number of teens who’ve experienced unwanted sexual advances on Instagram, as well as Meta’s responses to his calls for action. Altimeter Capital founder and CEO Brad Gerstner is urging American policymakers to invest at home. The tech investor and founder considers where American financial wellbeing falls on the country’s budgetary priority list, while billions are sent to foreign allies. Plus, Meta is now requiring political advertisers to disclose use of AI in their ads, and Cava has cooked up a surprise profit this quarter.  Brad Gerstner - 09:44Arturo Béjar  - 31:15In this episode:Brad Gerstner, @altcapAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

8 Nov 202337min

Chicago Fed President Austan Goolsbee says the U.S. central bank is making progress in its fight against inflation, but investors still don’t know whether the Federal Reserve has finished hiking rates. Pollster Frank Luntz considers the political state of play on today’s Election Day, a year out from the 2024 Presidential Election. He unpacks the top priorities and top candidates for young voters, as well as the impact the Israel-Hamas War will have on American politics. Plus, WeWork has filed for bankruptcy, and actors are still on strike after rejecting a deal from Hollywood studios.  Austan Goolsbee 12:47Frank Luntz 33:06 In this episode:Austan Goolsbee, @Austan_GoolsbeeAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

7 Nov 202341min

In three parts, Joe Kernen, Becky Quick, and Andrew Ross Sorkin unpack the intense conversations between college students, college administrators, donor alumni, and employers regarding the ‘right’ way to respond to the Israel-Hamas War and the uptick in anti-semitism and islamophobia that has appeared in its wake. Former SEC Chair and University of Pennsylvania Adjunct Professor of Law Jay Clayton offers his own perspective on the law firms that have addressed law school deans directly on this topic. He counts the lack of clear governance as a contributing factor to rising hate speech and insufficient response on university campuses. Hedge fund billionaire Bill Ackman dials in to respond and share his own perspective, as a Harvard alumnus pushing his own alma mater to do better as an emotionally charged geopolitical environment makes waves on campus.  Clayton - 10:07Ackman - 22:40 In this episode:Bill Ackman, @BillAckmanAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

6 Nov 202336min

Sam Bankman-Fried was found guilty on all 7 criminal charges he faced in the weeks-long trial that captivated Wall Street and Main Street. CNBC’s Kate Rooney reports on the prison-time the FTX founder is facing (a maximum of 115 years), and the evidence that got him there. The SEC’s former Internet Enforcement Chief John Stark explains what the verdict means for crypto regulation going forward. Transportation Secretary Pete Buttigieg discusses the UAW’s deals with American automakers after negotiations finally ended a six-week strike. He discusses aviation’s biggest challenges, American infrastructure, and investing in autonomous vehicles. Plus, Kraft Heinz is cashing in on the Taylor Swift economy, which–if you hadn’t noticed–is booming.  Kate Rooney - 2:17John Stark - 6:41Pete Buttigieg - 17:29 In this episode:Kate Rooney, @Kr00neyPete Buttigieg, @SecretaryPeteAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

3 Nov 202337min

The Federal Reserve has left interest rates as they are, in its latest decision. Neuberger Berman’s Steve Eisman, the portfolio manager profiled in “The Big Short,” breaks down Fed Chair Jay Powell’s latest remarks, the state of the economy, and the handling of the Israel-Hamas War on campus at his alma mater, University of Pennsylvania. Palantir has reported a strong quarter, and CNBC’s Frank Holland explains CEO Alex Karp’s commentary on American competitiveness, the Palantir software, and standing by Israel. Disney is buying the rest of Hulu from Comcast, in a long-awaited and widely-expected decision on the asset. Plus, the New York City Marathon is this Sunday! Brooks Running CEO Jim Weber expects almost 10,000 runners to be racing in his shoes, and he’s cheering them on.  Steve Eisman 13:43Jim Weber 22:56 In this episode:Andrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

2 Nov 202328min