Squawk Pod

This special hosted by the Squawk Box crew hits on all the business topics at play in tonight’s midterm elections and how the results could impact your money. Guest lineup includes Scott Minerd, Dan Niles, former Commerce Secretary Carlos Gutierrez, Chamber of Commerce CEO Suzanne Clark, Former Fed Vice Chair Roger Ferguson, and much more. Hosted by Simplecast, an AdsWizz company. See https://pcm....

Thousands of workers have been laid off across the tech industry, and employees are  braced for another blow from Meta . Labor expert and consultant Jason Greer warns workers: if you’re worried, start working from your office. As recession looms and inflation pressures consumers, gaming might be taking a hit; Take-Two Interactive Software, game publisher and owner of Grand Theft Auto and NBA 2K, c...

Layoffs are sweeping Silicon Valley. In a wide-ranging interview, Chairman of IAC and of Expedia Barry Diller comments on  Meta’s layoffs and Mark Zuckerberg’s $30B bet on the metaverse, the midterm elections, TikTok’s stateside future (or lack thereof), and Netflix’s dominance in the streaming wars. The media mogul considers  Elon Musk’s next move , and inflation’s squeeze on corporate bottom lin...

Baron Capital CEO and Founder Ron Baron joins Becky Quick at the 29th annual Baron Conference, a gathering of Baron-invested businesses at Lincoln Center in New York City. The conference is back in person for the first time since 2019 celebrating 40 years since the fund was founded. They discuss the current volatility in the economy and actions by the Fed. Baron is also a big investor in Elon Musk...

Billionaire investor Sam Zell warns of potential  recession heading toward the U.S. in a lively discussion on the Squawk Box set in Times Square.  The U.S. Federal Reserve continues its aggressive interest rate increase policy in 2022; Chairman Jerome Powell warned in his regular press conference that more economic pain is likely to come as the central bank wages an historic battle against inflati...

The Biden Administration is highlighting the record high profits of big oil companies by proposing the  implementation of a windfall profit tax . National Economic Council Director Brian Deese calls for gas companies to lower their prices and reduce the high margins they’re charging. However, the proposal for this tax remains controversial as the midterm elections approach. Plus, the Twitter soap...

Uber CEO Dara Khosrowshahi says that U.S. consumers are healthy and choosing to spend on services, like ride-sharing.  The company reported third quarter  financials today - and suffered a loss, but beat analysts’ expectations on revenue.  Khosrowshahi is also confident on the business for the rest of the year due to booming travel, easing COVID restrictions and shifts in consumer spending.  And,...

The Elon Musk chapter at  Twitter begins with a busy weekend of tweets, trolls,  conspiracy theories and tentative changes to “blue-check” verified users’ experience. Walter Isaacson, with a Musk biography in the works, observed events first-hand and shares the tale of the weekend.  So much for a spooky October for the markets; the Dow is on pace to have the best month since the 1970s disco era. ...

Elon Musk officially owns Twitter. $44 billion, and one soap opera later, the Tesla CEO has completed the deal to buy social media platform Twitter, and he’s already prompted some  big changes to its executive leadership . After two consecutive quarters of big profits for oil companies, Exxon Mobil CEO Darren Woods joins the team to discuss global energy prices, geopolitics’ implications on the gl...

Facebook parent  Meta reported disappointing quarterly results , prompting a plunge in its stock price. In spite of Wall Street’s doubters, CEO Mark Zuckerberg defended his investments in the metaverse to investors on the company conference call. As midterms creep closer, Ways and Means Committee Republican Leader Rep. Kevin Brady (R-TX) explains his party’s plans for the country, should they win...

Now that the “Davos in the Desert” has wrapped up in Riyadh, Representative Ro Khanna (D-CA) discusses America’s role in the global energy markets, and California’s plan for taxing residents, taxing tech, and taxing the oil companies. For the first time in Alphabet’s recorded history,  YouTube’s revenue declined . The platform’s shrinking ad budget could be a warning for the rest of the industry....

Comedian Hasan Minhaj has made his career off of his social commentary; an episode of his talk show “Patriot Act” was even removed by Netflix after a legal complaint from the Saudi government. His second Netflix special “The King’s Jester” is now streaming, poking fun at hedge funds as well as his own life, and he’s bringing his humor to Squawk. In a conversation spanning  Yeezy and the Adidas dec...

U.S. midterm elections are about two weeks away, and the biggest voting issue for the American public: the economy. A close second, according to NBC polling, is the  preservation of American democracy . CNBC’s Ylan Mui explains the widespread concern about election integrity, and political strategist and pollster Frank Luntz urges both sides of the political aisle to stop their squabbling in the n...

NYC Mayor Eric Adams shares his plans for a “unified” solution to subway and street violence in New York, including a summit on public safety and criminal justice this weekend. The leader of the nation’s largest city discusses the challenges facing his leadership: New Yorkers’ safety anxiety, the thousands of asylum seekers who have arrived in the city as well as encouraging office workers to retu...

Major League Pickleball?! NBA star Kevin Durant and investor Rich Kleiman have purchased an MLP expansion team, and they’re set to compete in 2023. The investing team shares  the appeal of pickleball teams , the upside financial potential, and the upcoming NBA season. Overseas, the UK is managing yet another shift of power with  Liz Truss’s resignation , and here at home, Americans are gearing up...

It has been 35 years since the October 1987 Black Monday market crash, still the record for Wall Street’s worst single-day stock plunge: a 22.6% drop. Wall Street veteran and Merrill Wealth Management President Andy Sieg reflects on the lessons investors can glean from market history. State Department official, Special Presidential Coordinator for International Energy Affairs Amos Hochstein, discu...

In an extended interview, Goldman Sachs CEO David Solomon discusses the  bank’s planned reorganization , as well as how 2022’s market volatility has affected his company’s bottom line in its  third quarter financial report . Solomon looks ahead to the “choppy markets” that could affect portfolios in the coming months, and considers the benefits of his bank’s return-to-office policy.  Plus, UK Prim...

After President Xi Jinping delivered a  speech at the Chinese Communist Party congress over the weekend, leaders and experts around the world are considering what his strategy to maintain power means for the balance of geopolitics around the globe. Member of the Council on Foreign Relations Michelle Caruso-Cabrera discusses the implications of Xi’s speech for the U.S. and for global markets, as we...

In his new memoir “Up Close and All In: Life Lessons from a Wall Street Warrior,” former Morgan Stanley Chairman and CEO John Mack recounts his time leading the bank through the 2008 Financial Crisis, including the market and leadership strategies that earned him the nickname, “Mack the Knife.” Mack sits down in an extended interview with Andrew Ross Sorkin that turns personal: he opens up about h...

September’s Consumer Price Index data is out, and  inflation is showing no signs of a slowdown , despite multiple Fed rate hikes. In a review of the monetary and fiscal policies the U.S. government has implemented to tame the economy, former Speaker of the House Paul Ryan considers this country’s timeline to recession, and which strategies will make a downturn worse. With so much inflation and mar...

The British pound continues its volatile month as the Bank of England reportedly considers  extending its emergency bond-buying program . Joe, Becky, and Andrew discuss the “gilts,” the latest  comments from President Biden ,  Treasury Secretary Janet Yellen , and JPMorgan Chase CEO Jamie Dimon, and what global monetary and fiscal policies are doing for our economic outlook.  Amazon is holding its...

As the markets waver amid concerns of an oncoming–or ongoing–recession, Joe, Becky, and Andrew consider the latest economic commentary from the likes of  JPMorgan Chase CEO Jamie Dimon , investor Paul Tudor Jones, and Fed Vice Chair Lael Brainard. After 16 years of reporting on founders, startups, and tech, CNBC’s Julia Boorstin has woven together new research and 60+ interviews with female leader...

Ahead of Robin Hood’s annual Investors Conference, Robin Hood Foundation founder Paul Tudor Jones considers whether the  U.S. economy is in a recession , the Federal Reserve’s role in getting us here, and Fed Chair Jay Powell’s plan to get us out. A billionaire hedge funder and legendary trader, Paul Tudor Jones weighs in on the crypto market and offers some macroeconomic perspective, explaining t...

The Labor Department has reported that  263,000 jobs were added in September , and the unemployment rate fell to 3.5%. The numbers will likely encourage the Federal Reserve to stay the course, on their aggressive rate hike policy to curb inflation. In the aftermath of the  OPEC+ decision to cut oil output by 2 million barrels a day, the U.S. is exploring an ease of its sanctions on Venezuela in an...

OPEC+, including Saudi Arabia and Russia, have decided to cut oil production by 2 million barrels a day. The decision puts  pressure on a Europe already squeezed by an energy crisis and a conflict in Ukraine, and it could be interpreted as a snub to the Biden administration, which has been asking the Saudi Kingdom to ramp up production to ease pressure on the U.S. energy markets. CNBC’s Brian Sull...