Squawk Pod

Meta has officially debuted its  Twitter-like messaging app “Threads,” which the company is pitching as Instagram’s “text-based conversation app.” Just sixteen hours after launch, the  social network had surpassed 30 million signups . Joanna Stern, Wall Street Journal senior personal technology columnist, discusses the launch of Threads and the challenge it poses to Twitter. 30% of Americans think...

A U.S.  federal judge has restricted some government agencies and officials from communicating with social media companies to discuss content. Twitter has implemented usage limits on its platform, and  Meta has announced Threads , a Twitter competitor available through Instagram. Writer Walter Isaacson, currently in the middle of biographing Elon Musk, discusses the role of social media in politic...

As thousands of holiday weekend travelers faced flight delays and cancellations,  United Airlines CEO Scott Kirby boarded a private jet to keep his schedule on track. After facing backlash from frustrated passengers, he’s issued an apology. Hollywood SAG-AFTRA actors are in contract negotiations, temporarily postponing a potential strike. Plus, CNBC’s Phil LeBeau reports,  Tesla has over delivered...

Grimace and his purple McDonald’s milkshake have gone viral on TikTok, and New York Times reporter Sapna Maheshwari discusses all the TikTok headlines, including the  TikTok-funded lawsuit from users in Montana, railing against the state’s recent ban. Some of  Wall Street’s interns are getting paid as much as $150 an hour, this summer. New York Post reporter Lydia Moynihan says it's part of financ...

As July 4th weekend kicks off, air travelers are faced with  flight delays and cancellations across the country. CNBC’s Phil LeBeau reports on flight disruptions from the Denver airport during the busiest travel week since before the pandemic. Former FAA Acting Administrator Billy Nolen discusses the issues leading to so many disruptions, including staffing, weather, and visibility. Rounding out P...

President Joe Biden will tout his economic agenda in remarks today as he campaigns for a second term. The president’s plan, which the White House dubbed “Bidenomics,” aims to “move beyond” the “trickle down” economic theory that it says disproportionately benefits the wealthy and big corporations. Former House Speaker Paul Ryan discusses the state of the U.S. economy, whether ‘Bidenomics’ is worki...

In 1934, professors Benjamin Graham and David Dodd published the intellectual foundation for investors everywhere: Security Analysis. In the decades since, investors have returned to this “bible” of investing; today, founder of the Baupost Group  Seth Klarman is publishing a 7th edition  of the iconic book. Klarman’s first book on investing, the 1991 “Margin of Safety,” is a collector’s item, with...

Traders are also keeping an eye on Europe, after Russia saw a  brief rebellion by a private military group over the weekend. Dewardric McNeal, Longview Global managing director, discusses the broader impact of the revolt and how it may change the relationship between Russia and China. Eric Schmidt, former Google CEO and chairman, discusses the intersection of technology and war in Ukraine, the use...

The Dow Jones Industrial Average could rise as high as 900,000 over the next 50 years, according to longtime investor and Baron Capital CEO, Ron Baron. Baron also discussed what’s happening in the U.S. economy, market outlook, investing in Tesla, and more.  3M has reached a $10.3 billion settlement with a host of U.S. public water systems to resolve water pollution claims tied to “forever chemical...

Federal Reserve Chair Jerome Powell cautioned on Wednesday that he and all other members of the rate-setting Federal Open Market Committee  expect to raise interest rates further to bring down inflation.  Barry Sternlicht, Starwood Capital chairman and CEO and chairman of Starwood Property Trust, discusses the Fed’s inflation fight, commercial real estate, market outlook, and more.  The FTC on Wed...

Federal Reserve Chairman Jerome Powell says he expects more Fed rate hikes ahead as the fight against  inflation still “has a long way to go.” Bob Diamond, Atlas Merchant Capital CEO and former Barclays CEO, discusses the outlook for Federal Reserve rate hikes, where the markets got ahead of themselves, and the durable strength of consumers. Chris Paul, NBA athlete, entrepreneur and Olympian, shar...

After the long weekend commemorating Juneteenth, Executive Leadership Council Chair Gale King and ELC CEO Michael Hyter discuss corporate America’s progress in pursuing parity, 3 years after company commitments in the wake of George Floyd’s murder. It’s slow progress, but  Black representation in boardrooms is moving in the right direction. Former New Jersey Governor  Chris Christie is a 2024 Pres...

Bill Gates has met with Chinese President Xi Jinping , just days before U.S. Secretary of State Antony Blinken arrives in the country. CNBC’s Eunice Yoon reports on the U.S.-China relations critical to their meetings. Rep. Ro Khanna (D-CA) represents Silicon Valley, but he’s on a tour of the rust belt; he explains how tech and factory jobs will be interconnected in generations to come. Plus, asset...

In its latest decision on interest rates, the  Federal Reserve will skip a rate hike this month. CNBC’s Steve Liesman explains what the “hawkish skip” means for Wall Street and Main Street. Mediterranean fast casual chain  Cava has listed on the New York Stock Exchange at $42 per share. One of the company’s early investors Steve Case discusses his venture bets on innovation outside Silicon Valley....

The Federal Trade Commission is seeking to  stop Microsoft’s acquisition of Activision Blizzard . In AI news, the SEC is considering AI rules for brokerages, AMD is launching  a new chip to challenge Nvidia , and Paul McCartney is leveraging the technology for a new Beatles release. Plus, former Vice President turned Presidential hopeful Mike Pence discusses inflation, the U.S. deficit, and the Fe...

Home Depot CEO Ted Decker sits down with Becky Quick between cordless power tools and outdoor umbrellas in one of his New Jersey stores. In an extended interview, Decker shares how the retailer is tackling organized shoplifting crime and shifting consumer behavior. Whether the home improvement boom of the pandemic has finally fizzled out, which trends aren’t going anywhere, and Decker’s own home i...

On the eve of the  Federal Reserve’s next interest rate decision , former Fed Governor Kevin Warsh, a veteran of the 2008 crisis, offers a warning to the central bank and the markets: the banking troubles may not be over yet. In his WSJ op-ed, he urges the Fed and investors to find some “risk management.”  Nearly all of the country’s cancer centers have reported a chemotherapy shortage. Former FDA...

Amid the SEC’s lawsuits against crypto exchanges Binance and Coinbase, famed tech bull Cathie Wood is doubling down on crypto. The Ark Invest CEO and CIO explains why she just  upped her firm’s stake in Coinbase  by over $20m, despite the regulatory issues. She’s betting on crypto, but Cathie Wood’s biggest holding is still Tesla; she also discusses Tesla’s new charging network partners: Ford and...

New York Times foreign affairs columnist Tom Friedman discusses his most recent trip to the Middle East, comparing the region today with the region even six months ago. He weighs in on  Saudi Arabia’s LIV Golf and its deal to merge with the PGA, and the rapid progressive evolution of Israel and the Kingdom. In a damning investigation into Instagram, The Wall Street Journal, Stanford University, an...

On Monday, the  SEC sued crypto exchange Binance , on Tuesday, the SEC sued Coinbase, and on Wednesday, Coinbase CEO Brian Armstrong is speaking out. In a candid interview, Armstrong discusses  the SEC’s complaint , the regulatory environment for crypto, and the next steps in court. In her first interview since the debt ceiling deal was passed, Treasury Secretary Janet Yellen weighs in on fiscal r...

Host of “How to Build a Happy Life,” Harvard professor, The Atlantic contributing writer, and now co-author of a new book with Oprah Winfrey, Arthur Brooks has dedicated his career to cracking the code on happiness. He offers his wisdom and shares some tips for a happier life–away from screens and closer to people. Apple’s first product announcement since 2014 has rocked techies, in the metaverse...

The markets may be  poised to exit the bear market , and Washington has averted a debt default crisis. House Speaker Rep. Kevin McCarthy (R-Calif.) discusses  the passage of the debt ceiling deal , spending cuts, and bipartisanship moving forward.  Labor disputes in California  have congested shipping flows, and oil prices are on the rise in the wake of  the latest OPEC+ meeting and an announcemen...

The U.S. payrolls report for May  blew past expectations , supported by strong jobs gains in the professional and business services sector — as well as a jump in government employment. Bruce Feiler, author of ‘The Search: Finding Meaningful Work in a Post-Career World’, discusses why Americans are unhappy with their careers and how more people are seeking meaning from their jobs. Geoff Lewis, foun...

The Federal Reserve’s buzzword of the week: “skip.” Fed officials have signaled a  plan to hold steady on interest rates in June, but urging the public that the decision would not signify an end to the tightening cycle. SMBC Nikko Securities America Chief Economist Joe Lavorgna offers his own extrapolation of the news, as well as what it may mean for Wall Street. In Washington, the President Biden...

The long-awaited debt ceiling deal advances to the House floor, after a narrow vote in the House Rules Committee. President Joe Biden and House Speaker Kevin McCarthy had announced  the deal over the weekend, capping federal baseline spending for two years and raising the debt ceiling. Former SEC Chair Jay Clayton, and Gary Cohn, vice chairman at IBM and former National Economic Council director,...