AI Taxes, Dell Shares, & A Rocket Explosion 5/29/26

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 29 May 2026

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

As concerns about AI’s impact on the labor force mount, lawmakers including Rep. Greg Casar (D-TX) are considering taxes on AI to fund federal job programs. Rep. Casar discusses AI-driven layoffs and the obligations of the government during a tech revolution. Ahead of the annual ASCA meeting, Johnson & Johnson CEO Joaquin Duato discusses his company’s innovations in oncology treatment, as well as the FDA’s leadership. Plus, the team dives into the other morning headlines: shares of Dell are soaring on the company’s AI server revenues, and a Blue Origin rocket exploded on the launch pad. Joaquin Duato & Angelica Peebles - 17:05 Rep. Greg Casar - 33:20 In this episode: Rep. Greg Casar, @RepCasar Angelica Peebles, @angelicapeebles Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:04.1	Hi, I'm CNBC producer Katie Kramer.
0:06.8	Today on Squawk Pod.
0:09.1	They're coming to take away your job.
0:11.9	We're in the midst of what's likely the greatest technological transformation of any of our lifetimes.
0:18.6	And we need a plan.
0:20.2	Taxing successful artificial intelligence companies to stave off job decimation,
0:25.2	House Progressive Caucus Chair Greg Kassar joins us.
0:27.8	A tax on AI that would fund a jobs program so the unemployment rate does not rise.
0:36.1	Then Johnson and Johnson, with a bold call.
0:39.3	Our goal is to be able to eliminate cancer.
0:42.7	CEO Joaquin Duwato joins us on his investment to end a terrifying health diagnosis.
0:47.7	We have the bold ambition to become the number one company in oncology by 2030.
0:56.0	Plus, shares of Dell are on a tear, maybe for a surprising reason, and a blue origin rocket
1:01.6	exploded on the launch pad just last night.
1:04.4	We have the latest.
1:05.7	I look at that as a human and go, oh, that looks like a big failure, that looks terrible.
1:10.1	They think of this as like an iterative process where they're learning.
1:14.1	It's Friday, May 29th, Squawk Pod begins right now.
1:19.8	Stand back you by in three, two, one. Cue, please.
1:24.9	Good morning, everybody. Welcome to Squackbox right here on CNBC. We are live from the NASDAQ market site in Times Square. I'm Becky Quick along with Joe Kernan and Andrew Ross Sorkin. It's Friday, folks. You made it. So did we. Let's take a look at where things stand this.
1:40.3	It was only a four-day week and we're- It still felt like we're creaking along.
	...

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