Squawk Pod

It’s a merger Monday! Chevron is buying Hess for $53B in the second huge oil transaction in weeks. Becky Quick shares details on the deal from her conversation with Chevron CEO Michael Wirth, and Joe Kernen and Andrew Ross Sorkin consider the implications of the deal for the American energy ecosystem. Nine new Republicans have joined the race for Speaker, but no clear resolution to the legislative chaos has emerged. CNBC’s Emily Wilkins explains the situation in DC, and former Republican Ways and Means Committee Chair Kevin Brady joins former Democrat Congresswoman Donna Edwards to discuss the logjam and the leadership on the Hill. Plus, a special conversation with NBA star and author Andre Iguodala, who’s hanging up his basketball shoes after two decades on the court. He’s turning to his venture capital career full time, and he has advice for athletes looking to follow his lead: be obsessed.  Emily Wilkins - 12:34Kevin Brady and Donna Edwards - 14:14Andre Iguodala - 22:57 In this episode:Andre Iguodala, @andreAndrew 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.

23 Okt 202329min

Federal Reserve Chair Jerome Powell spoke at the Economic Club of New York, telling Wall Street and Main Street that inflation is too high, but interest rates are not. Atlanta Fed President Raphael Bostic discusses the road ahead for the central bank’s resolute commitment to bringing inflation down to 2%, and suggests that more hikes could come in 2024. In DC, the House is set to vote again for Speaker, and CNBC’s Eamon Javers explains the many complications for the GOP. Fresh off his trip to Israel, President Biden is making a pitch for aid packages to Ukraine and Israel, emphasizing the importance of democracy in both regions of conflict. Plus, Rich Paul is out with a new book, “Lucky Me: A Memoir of Changing the Odds.” The agent representing Lebron James, Odell Beckham Jr., and Anthony Davis, Paul shares his “rules” for tapping into entrepreneurship and ambition and making your own luck. Raphael Bostic - 19:04Rich Paul - 33:29 In this episode:Eamon Javers, @EamonJaversJoe 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.

20 Okt 202341min

Co-founder of Silver Lake, co-chair of Brookings, and chairman of North Island Glenn Hutchins discusses the geopolitics at play in the Israel-Hamas War, including what’s at stake for global actors at the Saudi Arabia Investors Conference next week. He also shares his reasoning on why so far, the conflict has had little impact on the markets. The House Select Committee on the Chinese Communist Party has sent letters to American venture capital firms including Sequoia, asking them to list investments in groups developing AI, machine learning, chips and quantum that are based or have “significant operations” in China. Rep. Raja Krishnamoorthi (D-Il.) and Rep. Mike Gallagher (R-Wi.) discuss their efforts to curb competition from China, and they share their hopes of bipartisanship in the ongoing race for Speaker. Plus, Wall Street awaits commentary from Fed Chair Jay Powell.  Mike Gallagher - 12:10Raja Krishnamoorthi - 12:10Glenn Hutchins - 20:29 In this episode:Mike Gallagher, @RepGallagherRaja Krishnamoorthi, @CongressmanRajaMichael Santoli, @michaelsantoliSteve Liesman, @steveliesmanBecky 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.

19 Okt 202329min

Corporate and university leaders are wavering on public statements about the Israel-Hamas War. Yeshiva University President Rabbi Ari Berman has created a coalition and a statement of “truths” to help those leaders navigate and educate the campus movements making headlines. He underscores the importance of differentiating between Hamas and Palestinians. United Airlines reported better than expected third quarter results, but CEO Scott Kirby offered disappointing guidance for the fourth quarter. Kirby explains his outlook for the airline industry, how the Israel-Hamas War on the ground has disrupted air traffic, and the changes his lower-cost competitors are likely to make in the future. Plus, activist investor Carl Icahn has sued Illumina’s board of directors, and President Biden has touched down in Israel.  Scott Kirby - 11:18Ari Berman - 19:13 In this episode:Scott Kirby, @unitedPhil Lebeau, @LebeaucarnewsAndrew 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.

18 Okt 202330min

President Biden is headed to the Middle East. Former Supreme Allied Commander of Nato Admiral James Stavridis discusses the explicit and implicit politics at play in the Presidential trip to Israel and Jordan. Guggenheim Partners Executive Chair Alan Schwartz discusses his outlook for recession and the greatest risks to the American economy. The last CEO of Bear Stearns also explains his concern for the federal budget. Plus, Choice Hotels has offered a nearly $8B deal to take over Wyndham Hotels and Resorts, and Rep. Jim Jordan (R-Oh.) is hoping for a favorable vote in the still-leaderless House today. Other stories Squawk is watching: Bitcoin’s bounce on a now-retracted CoinTelegraph report, and ‘remote work cities,’ just a pandemic pipe dream.  Alan Schwartz - 10:02Adm. James Stavridis - 21:17 In this episode:Andrew Ross Sorkin, @andrewrsorkinBecky 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.

17 Okt 202327min

As the Israel-Hamas War begins its second week, historian and economist Daniel Yergin considers the impact of a regional conflict on global energy markets. Harvard professor, author, and happiness expert Arthur Brooks weighs the pressures on America’s corporate and educational leaders to speak out on current events like the war, in light of recent calls to action from Apollo CEO Marc Rowan and Anti Defamation League CEO Jonathan Greenblatt. Brooks argues for a more conservative approach to public statements from the C suite. Plus, Taylor Swift’s Eras Tour concert film has already broken records, the US House of Representatives is still looking for a Speaker, and media analysts are eyeing activist shareholder Starboard Value’s stake in Rupert Murdoch’s News Corp.  Arthur Brooks - 10:21Daniel Yergin - 20:27 In this episode:Arthur Brooks, @arthurbrooksAndrew Ross Sorkin, @andrewrsorkinBecky 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.

16 Okt 202327min

After 22 months, Microsoft has closed its $69.5B acquisition of Activision Blizzard. So what now? Activision Blizzard CEO Bobby Kotick reflects on the long road to regulatory approval, and what’s next for gaming and for Activision-turned-Microsoft employees. After building Activision into the gaming giant it is today, Kotick considers his own next chapter and his legacy as CEO. And the White House is taking on junk fees. Consumer Financial Protection Bureau Director Rohit Chopra is co-leading the effort, and he explains what they are and how the administration is planning on curbing them. Plus, NBC’s Kelly Kobiella is in Jerusalem, reporting on the 1m+ Palestinians attempting to flee Gaza after the Israeli Defense Forces ordered an evacuation. In Washington DC, CNBC’s Emily Wilkins explains the House’s ongoing search for a Speaker, after Rep. Steve Scalise (R-LA) ended his bid for the position.  Rohit Chopra - 11:38Bobby Kotick - 22:19 In this episode:Kelly Cobiella, @KellyCobiellaEmily Wilkins, @emrwilkinsAndrew Ross Sorkin, @andrewrsorkinBecky 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.

13 Okt 202334min

How is Hamas funded? TRM Labs Head of Global Policy and former federal prosecutor Ari Redbord discusses how his company tracks Hamas fundraising on the blockchain, and how Israeli and US law enforcement are tracing terror financing on crypto networks. Plus, Apollo Global Management CEO Marc Rowan, a University of Pennsylvania alumni and Chairman of its Wharton School board, is urging fellow alumni to halt donations to the university. Rowan calls the university’s response to the Israel-Hamas War, in conjunction with the school’s controversial bookings at its Palestinian literary festival last month, ‘morally confused and bankrupt.’ He’s pushing back on what he says is the university’s failure to condemn antisemitism, and he is not alone in critiquing universities and corporations for their leadership on Hamas’s attack on Israel. Other business headlines of the day include CPI data, post-IPO Birkenstock, and the drama at the trial of Sam Bankman-Fried.  Ari Redbord - 18:14Marc Rowan - 27:18 In this episode:Kate Rooney, @Kr00neyRobert Frank, @robtfrankAndrew Ross Sorkin, @andrewrsorkinBecky 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.

12 Okt 202341min