Cava CEO, Tariffs & Inflation, & Perplexity’s Bid for Chrome 8/13/25

Squawk Pod

CNBC

Business News, Business, Investing, News

4.2 • 543 Ratings

🗓️ 13 August 2025

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

After the Bureau of Labor Statistics reported the closely-watched Consumer Price Index for July, economists–and CNBC’s Steve Liesman–are debating the impact of tariffs on economic data points. AI platform Perplexity has offered Google a $34 billion bid for its Chrome browser. Jonathan Kanter, former DOJ Assistant Attorney General under President Biden, shares his perspective on the AI wars for search engine dominance. After Cava’s quarterly report, the fast casual chain’s stock plummeted over 24%. CEO Brett Schulman isn’t worried, though; the morning after the release, he discusses his focus on delivering value for hungry consumers. Plus, Silicon Valley’s interest in “superbabies” is rising. Steve Liesman - 17:04 Brett Schulman - 22:57 Jonathan Kanter - 31:16 In this episode: Steve Liesman, @steveliesman Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:03.0	Hi, I'm CNBC producer Katie Kramer.
0:07.0	Coming up today on Squawk Pod.
0:10.0	President Trump's world in 2025.
0:13.0	Did you know it's only been about 206 days?
0:15.0	He's a riddle wrapped in an enigma.
0:17.0	Have you heard that expression?
0:18.0	I have.
0:19.0	Wrapped in a conundrum surrounded by confusion.
0:21.6	I'm wrapped in all of those things right now.
0:24.6	Tech regulations new frontier, AI-powered search engine perplexity, making a play for Google
0:30.6	Chrome, antitrust AG under President Biden, Jonathan Cantor, weighs in.
0:34.6	Browsers are going to be the front lines for the AI wars, and I think that's becoming clear.
0:39.0	And right now, Google and Apple own most of the distribution points.
0:44.0	Kava, shares of the fast casual chain are down almost 25% after the company's latest earnings
0:49.8	report.
0:50.8	CEO Brett Schulman says he feels good anyway.
0:53.7	Even before our IPO, I told the team, you know, stocks will go up, stocks will go down,
0:57.0	but what really will define us is how we build this over the long term.
1:01.0	Plus the drive to lower interest rates and the rise of super babies.
1:06.0	Doesn't everybody think their own kids are the smartest.
1:09.0	It's Wednesday.
	...

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