Squawk Pod

The Labor Department released the number of  American jobs added in August: 315,000. Only slightly below expectations, CNBC’s Steve Liesman and former CEA member Tyler Goodspeed consider what the report means for the Federal Reserve’s next rate hike. According to a new study by a group of professors, commission-free trades might not be free. UCLA Irvine Professor Christopher Schwartz explains the...

In an extended interview, Carlyle Group co-founder David Rubenstein discusses his new book, "How to Invest: Masters on the Craft,” featuring his own interviews with the world’s best investors, including Larry Fink, Ron Baron, Sam Zell, Mary Callahan Erdoes, Ray Dalio, Stan Drunkenmiller, and John Rogers. As markets digest rate hikes from the U.S. Federal Reserve,  a new lockdown in China , and Eur...

Majority state-owned  Russian Gazprom has shut down gas flows through Nord Stream 1 pipeline, an energy lifeline for much of Europe. CNBC’s Joumanna Bercetche reports on the evolving crisis abroad. Stateside, Vivek Ramaswamy, founder of Strive Asset Management, and Christy Goldfuss, a former Obama energy official now at the Center for American Progress discuss energy politics and ESG investments a...

Kyle Bass, founder and CIO of the global events-focused hedge fund Hayman Capital Management, discusses  Europe’s energy crisis , China’s tenuous path forward, and how both are affecting his portfolio strategy. As employees gear up for a employer-mandated return to the office, Korn Ferry’s Alan Guarino and journalist and Yale lecturer Joanne Lipman discuss politics, power, and pressures of a 2022...

After Fed Chair Jay Powell spooked the markets with his comments in Jackson Hole, Joe Kernen, Mike Santoli, and Hightower’s Stephanie Link consider the next moves for the markets as the  central bank fights inflation . Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, Cambridge, shares his perspective on Powell’s aggressive policies to curb inflation. Plus,  NASA’s A...

At this year’s Jackson Hole meeting Federal Reserve Chair Jay Powell has assured the U.S. that the central bank will continue hiking interest rates to ease inflation, even if it prompts an economic slowdown. Jason Furman, former chair of President Obama’s Council of Economic Advisors and a speaker at that same Jackson Hole meeting, discusses the various players working to lower inflation: the Fed,...

The legendary buy-and-hold investor says there has never been a better time to buy stocks and invest in the U.S. markets.  In an extended interview, the Baron Capital Chairman and CEO said he’s been  picking up bargains  since the market rebounded from a June low point.  Baron correctly called the comeback in stocks and now he is sharing what he’s been buying:  growth companies that hedge against...

President Biden’s  student loan forgiveness plan has alarmed investors who worry that the policy will be inflationary for our economy. Senator Patrick Leahy (D-VT), the Senate’s longest-serving lawmaker and the body’s president pro tempore, explains how the forgiveness will work, and what the limitations will be. As he reflects on his retirement and on the future of the United States, airing his c...

Markets suffered the  worst day since June  as investor confidence wavers ahead of the Federal Reserve’s annual meeting in Jackson Hole. Joe Kernen and Andrew Ross Sorkin break down the rough trading day and Wall Street’s expectations for the rest of this week; Morgan Stanley’s Chief Investment Officer Mike Wilson offers some perspective on the likelihood of a full-blown recession, as well as earn...

In the latest chapter of meme stock mania,  AMC’s shares are tanking , and the company is  getting creative to raise capital . As Americans await a potential decision on the Biden administration’s  student loan forgiveness , CNBC’s Sharon Epperson reports that many fear the policy could worsen inflation. Cryptocurrencies may be as volatile as ever, but investor and bull Anthony Scaramucci consider...

The NYC MTA is low on ridership and on revenue, but Chair and CEO Janno Lieber says he has a plan to boost both and restore trust in the safety of public transit. The Big Ten has sealed its 7 year, $7 billion TV deal, marking the  biggest annual deal for any college sports league. Sports business executive George Pyne unpacks the giant payout and what it means for the league’s student players. Plu...

After internally reviewing its own response to the covid-19 pandemic, the CDC has concluded, there’s room for the agency to improve. Director Rochelle Walensky has announced her  plan to restructure the CDC , and in so doing to improve future responses and to rebuild public trust in the organization. Dr. Scott Gottlieb examines the road ahead for the CDC and Washington’s role in improving it. Whil...

Bed Bath & Beyond, AMC, and Gamestop are all swept up in  a revival of meme stock trading ; tastytrade founder and Co-CEO Tom Sosnoff discusses the recent  meme stock surges.  After President Biden signed the Inflation Reduction Act into law, Director of the White House National Economic Council Brian Deese shares the intended impact of the legislation for Americans’ health care costs and greener...

:  Walmart reported better than expected earnings this quarter, but its profits are still under pressure. CNBC’s Courtney Reagan and Refinitiv’s Jharonne Martis examine the report and what it reveals about inflation and today’s consumers. The U.S. education system is short hundreds of thousands of teachers and support staff, according to estimates. President of Purdue University Mitch Daniels disc...

Markets are looking less and less like a recession, according to CNBC’s senior economics reporter Steve Liesman. He, Mike Santoli, and Becky Quick explain  the rebound in stocks and in jobs data  that has assuaged many investor concerns. Former FDA Commissioner Dr. Scott Gottlieb offers a rundown of the latest health news, including the recent discovery of  polio in New York City sewage , the CDC’...

As the House prepares for a vote on the Inflation Reduction Act, Representative French Hill (R-AR) discusses the pivotal 15% tax on large corporations as well as the 1% excise  tax on corporate buybacks . While Rep. Hill will likely vote against the legislation in part because of these proposed changes to the tax code, billionaire investor Mark Cuban calls into the show with a different perspectiv...

Disney is raking in streaming subscribers, but it’s still  hiking the price for Disney+ .  Gas prices may be on the decline , but inflation is still front and center for the Federal Reserve and Wall Street investors; CNBC’s Steve Liesman breaks down the market’s reaction to the latest inflation data, and political strategist and pollster Frank Luntz offers a rhetorical analysis for President Biden...

Elon Musk sold nearly $7 billion worth of Tesla shares, just in case the courts mandate he follow through with his deal to buy Twitter. As a part of the Inflation Reduction Act the  IRS will receive an $80 billion investment , but Sen. Tim Scott (R- SC) says it won’t help inflation, and it will unfairly impact the average American. The author of “America: A Redemption Story” shares his personal Am...

The FBI searched Mar-a-Lago , former President Donald Trump’s resort home in Palm Beach, Florida, escalating federal law enforcement scrutiny on Trump and sparking drama on both sides of the political aisle. CNBC’s Eamon Javers breaks down the unprecedented action by the FBI in search of classified National Archives-related materials. President Biden signed the bipartisan CHIPS act into law today,...

In a tight vote after a weekend vote-a-rama, the  Senate passed the Inflation Reduction Act , sending the legislation to the House. Brian Sullivan and Ylan Mui discuss the climate, health care, and tax bill as a “zombified” Build Back Better bill, and White House CEA member Jared Bernstein explains how the Democratic party envisions its impact on inflation, American families, and corporate players...

President Biden is set to sign the Chips and Science Act, aimed to support US semiconductor manufacturing. Senator Maria Cantwell (D-WA) discusses the bipartisan effort to boost US competitiveness with China and other major chips producers. Also in Washington,  Senator Kyrsten Sinema (D-AZ) has finally signed off  on the Inflation Reduction Act, the Democrats’ reconciliation bill that includes hun...

Gas prices may have peaked for now, but the road to lower inflation is long. Transportation Secretary Pete Buttigieg discusses the U.S. energy economy and the giant  inflation reduction act crafted by Senate Democrats. Pro golfer Phil Mickelson and ten of his co-competitors have filed an  antitrust lawsuit against the PGA after their participation in the Saudi-backed LIV tournament prompted suspen...

St. Louis Fed President James Bullard says, with labor growth as strong as it’s been, it’s unlikely we’ve been in a recession–and we might have brighter economic days to come. In an extended interview, voting FOMC member Bullard discusses America’s path out of inflation, GDP growth in the second half of the year, and geopolitical and global health impacts on our economy. CNBC’s Beijing Bureau Chie...

In our continuing coverage of the lawsuit against Pornhub parent MindGeek and Visa, hedge fund investor and Pershing Square billionaire Bill Ackman discusses the next steps he expects Visa and other credit card companies to take to ensure that their tools are not being used for harm. Founder and CEO of the Justice Defense Fund Laila Mickelwait shares how many victims of non-consensual and underage...

A district judge has denied Visa’s motion to be removed from a lawsuit against MindGeek, Pornhub’s owner. The judge upheld the legitimacy of the plaintiff’s allegation that Visa “knowingly” provided the tool for the site to monetize child pornography. Micheal Bowe, the lead attorney for the plaintiff, discusses suit against MindGeek, the fallout for Visa, and the precedent this case could set for...