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Squawk Pod

McDonald’s CEO Chris Kempczinski 9/2/25

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2543 Ratings

🗓️ 2 September 2025

⏱️ 36 minutes

🧾️ Download transcript

Summary

A federal appeals court’s ruling late Friday that the vast majority of President Trump’s tariffs are illegal does not change the status quo for now, but it sets the stage for a showdown at the Supreme Court. CNBC’s Megan Cassella breaks down the latest developments in the tariff fight. McDonald’s announced that it is expanding its value offerings to reach more price-conscious diners. McDonald’s CEO Chris Kempczinski discusses the launch of the new Extra Value Menu, the health of the consumer, and the company’s exit from Russia. Plus, Kraft Heinz announced it will split into two public companies, and OpenAI rolls out updates to some of its safety features. Chris Kempczinski 19:13 In this episode: Megan Cassella, @mmcassella Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese

Transcript

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0:00.0

Bring in show music, please.

0:03.0

Today, on Squawk Pod, President Trump's tariffs ruled illegal by an appeals court.

0:11.0

More on where the case goes next.

0:13.0

I think Supreme Court may strike it down.

0:15.0

Yeah.

0:16.0

McDonald's is launching extra value meals and lowering menu prices.

0:20.0

We've got the Mick Scoop with CEO Chris Kimchinski.

0:24.6

The reality is that if you weren't using the app and you didn't buy McValue,

0:28.6

where did you find value on the menu?

0:30.6

And OpenAI rolling out new guardrails for ChatGPT after a tragic use case unfolded.

0:36.6

There are other people who are using these services and it's quite helpful to them.

0:41.2

I'm CNBC producer Zach Velisi. It's Tuesday, September 2nd, 2025. Squawk Pod begins right now.

0:49.1

Stand Becky by in three, two, one.

0:52.0

Cure, please. Good morning, everybody. Welcome to Squawk Box right here on CNBC. We're live from the NASDAQ market site in Times Square. I'm Becky Quick, along with Joe Kernan and Andrew Ross Sorkin. Summer's over, folks. You're here. Back to work. This is when Back to work. This is it. The mad rush.

1:11.4

It takes us all the way into the holidays. We were both out. Yeah. I almost didn't come in this morning. Yeah. Why? Airlines now have carte blanche to do whatever they want. Yes, I've experienced this recently, too. Air traffic controllers. It's a, you know, when companies report earnings and they say it's weather. So I got in at 1 o'clock last night. Did you really? I did it on the way out. We were delayed by four hours. So I almost didn't come in this morning. But you felt you missed us so much. No, I figured if I didn't come in, no, I figured if I didn't come in that

1:46.9

people on Twitter would say I was dead. Or even worse, or even worse, even worse, that I was retired.

1:57.2

So neither of those things are true. You're here. You're just tired.

2:02.5

I am tired.

2:04.4

Many of President Trump's global tariffs now in doubt following a high-profile court ruling, Megan Kassela joins us with the latest.

2:12.7

Where are we?

2:13.5

Guys, good morning.

2:14.4

So to catch everybody up.

...

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