Strong Tech Stocks, A Weak Jobs Report, & FDA Departures 8/1/25

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 1 August 2025

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Trump has ratcheted up tariffs for dozens of countries set to take effect next week. Apple reported its greatest revenue growth in years, Microsoft’s market cap topped $4 trillion after its earnings report, and Amazon’s disappointing earnings forecast overshadowed its solid results. Software design company Figma more than tripled in its NYSE debut; bankers and CEOs are interpreting this performance as a sign that the IPO window is officially open for tech companies this year. Former FDA Commissioner Dr. Scott Gottlieb discusses the new direction of his former agency under leadership of the sitting commissioner, Dr. Marty Makary. Top of mind for Dr. Gottlieb: the body’s large number of scientist departures. Lead Edge Capital Founding Partner Mitchell Green discusses the toll the Silicon Valley battle for AI talent is taking on private company share dilution. Plus, the July jobs report came in weaker than economists expected, and it brought some downward revisions for the previous month. Megan Cassella - 04:12 Dr. Scott Gottlieb - 21:51 Mitchell Green - 34:14 In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Megan Cassella, @mmcassella 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.
0:03.0	Hi, I'm CNBC producer Katie Kramer.
0:07.0	Today on Squawk Pod.
0:09.0	Is America's healthcare healthy?
0:12.0	Former FDA head Scott Gottlieb weighs in on innovation, operations.
0:16.0	I think the largest story here has been just the degradation at the agency in terms of departure.
0:21.6	And the impact of major philosophical and structural changes to the largest healthcare regulator has on our future.
0:28.6	So you're seeing a hollowing out of the scientific staff at the FDA, and that's starting to impact early reviews.
0:34.6	And the Industrial Revolution were living in an age of emerging artificial intelligence,
0:40.7	technology investor Mitchell Green.
0:42.5	We just believe this is like the internet bubble all over again, where this stuff is going
0:46.0	to completely revolutionize the world over the next 20 years.
0:49.2	It's just we are probably still in the 1999.
0:52.8	Plus, the July jobs report hits Wall Street and Washington,
0:56.0	the big tech companies, big earnings, the Figma IPO that soared,
1:01.0	and a flurry of late-night tariff deals from the White House on trade deal deadline day.
1:05.0	It's a wild situation.
1:07.0	I'm hearing he still wants Canada to join the union.
1:10.0	He wants Canada.
1:18.1	It's Friday. August 1st, 2025. Where does the time go? Squawk Pod begins right now.
1:22.0	Stand Becky by in three, two, one. Fuel, please.
1:45.5	Good morning, everybody. Welcome to Squackbox 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. And it's Friday. We're here. And it's a jobs Friday on top of that down day yesterday, at least for the S&P 500 and the Dow. The Dow is down now for four sessions in a row. So is the Russell 2. The NASDAQ closed down yesterday, too. Did it close down? At the end of the session, it was down seven points. Okay, so it gave it back everything. It was like $350. Yeah, it was. It was. It was. It was up with both Meta and Microsoft. Gave it all back. Now people are a little worried about what's happening for this. Four months in a row, though, the NASDAQ has closed higher.
	...

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