Apple Turnovers & Two Kevins Eye the Fed 7/9/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 9 July 2025

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In another leadership change, Apple’s COO and presumed Tim Cook successor Jeff Williams has announced his retirement. CNBC’s Steve Kovach discusses Apple’s recent turnover and its strategy to rise to investor and innovator expectations in the AI race. Ripple has selected BNY to be custodian of its stablecoin; CEO Brad Garlinghouse explains his vision for crypto and institutional finance ahead of his testimony in crypto hearings on Capitol Hill. Plus, Philadelphia has ended the worker strike that left garbage pickup stalled, two Squawk Box guests (both named Kevin) may be vying for top spot at the Federal Reserve, and President Trump is threatening more tariffs on pharmaceutical companies. Brad Garlinghouse - 13:41 Steve Kovach - 21:29 In this episode: Joe Kernen, @JoeSquawk Melissa Lee, @MelissaLeeCNBC Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:04.3	Hi, I'm CNBC producer Katie Kramer.
0:07.0	Today on SquawkPod.
0:09.5	Changes taking a bite out of Apple.
0:11.9	The company's C-O-O and presumed successor to Tim Cook is retiring.
0:16.5	Another shift for the tech mega-cap feeling pressure from tariffs and investors.
0:21.4	CNBC of Steve Kovac on the story.
0:23.7	Apple's demise has been greatly exaggerated.
0:25.9	Many times.
0:27.6	Hot stablecoin summer rolls on.
0:30.0	Ripple CEO Brad Garlinghouse is in Washington for a blockchain hearing,
0:34.3	and he's thinking big about the future of finance.
0:37.3	The world isn't going to be taken over by crypto.
0:39.3	Instead, we think about how do we take the best of what crypto brings in facilitating faster,
0:44.3	cheaper transactions and bring it to traditional finance.
0:48.3	Plus, a tale of two Kevins as the president weighs a new Fed chair.
0:53.3	The tariff two steps the White House is
0:54.9	dancing and trashing a strike in the city of Brotherly Love. Squawk Box has been all over this one,
1:00.7	like this thing that has plagued Philadelphia. It's Wednesday, July 9th, 2025.
1:07.7	Squawk Pod begins right now. Stand by, and three, two, one.
1:12.7	Secure, please.
1:15.4	Good morning.
	...

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