Squawk Pod

Three months into President Trump’s second term, pollster Frank Luntz explains voter sentiment. While conservative and liberal Americans remain steadfast, Luntz says the political center has been disappointed with the execution of the promises it voted for. After a brief but heated spat between the White House and Amazon, President Trump has called Jeff Bezos a “good guy.” Wired Editor-at-Large Steven Levy explains Amazon’s idea–and then rejection–of marking the cost of tariffs on its low-cost site Amazon Haul. Levy discusses big tech’s complicated relationship with the administration. Plus, Commerce Secretary Howard Lutnick says the U.S. has reached its first trade deal, and due to a surge in imports, the U.S. economy contracted during President Trump’s first 100 days. CNBC’s Steve Liesman discusses the intersection of a global trade war and America’s GDP. Frank Luntz - 23:00 Steve Liesman - 16:44 Steven Levy - 34:25 Rick Santelli & Steve Liesman - 40:26 In this episode: Steven Levy, @StevenLevy Frank Luntz, @FrankLuntz Steve Liesman, @steveliesman Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 30 April 2025

The Trump administration will reduce some of the crippling tariffs for automakers. CNBC’s Phil LeBeau explains the potential impact on General Motors, and former Ford President Mark Fields explains how other automakers are preparing their supply chains for the White House’s trade agenda. The “Big 6” GOP leaders have met at the Capitol to discuss a mega-bill; attendee House Ways and Means Chairman Rep. Jason Smith explains his party’s revenue agenda. Plus, Nike is in hot water with shareholder Bill Ackman over a billboard, and Canada voted to keep the Liberal Party’s Mark Carney as Prime Minister. Rep. Jason Smith 16:25 Phil LeBeau 31:44 Mark Fields 37:47 In this episode: Jason Smith, @RepJasonSmith Phil LeBeau, @Lebeaucarnews Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 29 April 2025

Treasury Secretary Scott Bessent discusses the state of global tariff negotiations; he says talks are ongoing, but it’s up to China to de-escalate. Secretary Bessent also warns that the Trump administration has an “escalation ladder” to climb, should it need more leverage in trade talks. Boardroom co-founder and CEO Rich Kleiman and MLB veteran pitcher CC Sabathia discuss the next era of baseball. The MLB is considering ways to better engage fans, including speeding up the pace of play. Plus, it’s a home buyer’s market, if they commit to deals, and Domino’s Pizza reported a beat, thanks to international customers. Scott Bessent - 15:44 Rich Kleiman & CC Sabathia - 33:43 In this episode: Rich Kleiman, @richkleiman CC Sabathia, @CC_Sabathia Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 28 April 2025

Axios White House reporter Marc Caputo and former U.S. Ambassador to China Nicholas Burns discuss the trade talks–or lack thereof–between the U.S. and China. Between comments from the Chinese embassy and President Trump’s interview with Time, the public has conflicting accounts of where trade negotiations currently stand. Plus, Apple may move manufacturing of its US iPhones to India, Google parent Alphabet has reported a beat on earnings, and Paramount is in talks with the FCC over its merger with Skydance. Marc Caputo - 17:29 Nicholas Burns - 24:50 In this episode: Marc Caputo, @MarcACaputo Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 25 April 2025

Ahead of the Chevron Championship in Houston, Becky Quick sits down with LPGA golfers Amy Alcott and Stacy Lewis. Alcott, a hall of famer and Chevron Champion, reflects on the history of fandom for women’s sports and the current momentum for sponsorships and viewership. Lewis, a competitor in the Chevron this week, explains golfing strategy off the green; for the athletes and fans of women’s sports, the time is now for investment and publicity. To watch Stacy Lewis and her competitors at the Chevron this week, tune into NBC or Peacock. Amy Alcott & Stacy Lewis - 6:06 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 24 April 2025

Cleveland Fed President Beth Hammack was once a market participant at Goldman Sachs; she’s a policymaker now, but she says she’s still watching the markets during periods of volatility. Google is still under antitrust scrutiny, but regulation may affect AI innovation. Aravind Srinivas, CEO of AI engine Perplexity, discusses Google’s contributions to its competitors and the future of AI. Plus, Fed Chair Jay Powell, China, the Kentucky Derby, and even millionaires are caught in President Trump’s crosshairs. Aravind Srinivas - 33:13 Steve Liesman & Beth Hammack - 15:44 In this episode: Aravind Srinivas, @AravSrinivas Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 24 April 2025

After news that Harvard is suing the Trump administration over its threats to cut funding, ADL CEO Jonathan Greenblatt discusses antisemitism on college campuses and beyond. Plus, Washington Post reporter Faiz Siddiqui discusses his new book about Elon Musk’s leadership: “Hubris Maximus: The Shattering of Elon Musk.” Third Point CEO Dan Loeb spoke on Tuesday night about his belief in the resilience of the American economy, while President Trump backtracked his previous comments and said he has no intention of firing Fed Chair Jerome Powell. Jonathan Greenblatt - 19:12 Faiz Siddiqui - 34:18 In this episode: Jonathan Greenblat, @JGreenblattADL Faiz Siddiqui, @faizsays Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 23 April 2025

President Trump intensified attacks on Federal Reserve chair Jerome Powell, fueling market volatility and concerns over the central bank’s independence. At the Chevron Leadership Initiative's CoMission Champions of Women in Sports event, Becky Quick sits down with Goldman Sachs CEO David Solomon to discuss market volatility, trade policy, economic uncertainty, and investing in women’s sports. Facebook co-founder and chair of the Economic Security Project Chris Hughes is out with a new book, “Marketcrafters.” Hughes discusses Fed independence and the future of capitalism. Plus, Harvard is suing the Trump administration, the Academy Awards set new AI rules, and the FTC is suing Uber over premium billing. Chris Hughes - 15:43 David Solomon - 26:53 In this episode: Chris Hughes, @chrishuges Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcribed - Published: 22 April 2025

Pope Francis, the Argentine Jesuit and Roman Catholic pontiff, has died at age 88. Joe Kernen, Becky Quick, and Andrew Ross Sorkin reflect on his impact on the business community, and Andrew recalls his interview with the Pope just before the Covid-19 pandemic. President Donald Trump intensified his criticism of Federal Reserve Chairman Jerome Powell, calling him a “major loser” and warning of a potential economic slowdown if interest rates are not lowered immediately. Krishna Guha, Evercore ISI vice chairman, weighs in on the possibility of Powell’s removal, the independence of the central bank, and the potential market implications. Then, CNBC’s Steve Liesman and Chicago Fed President Austan Goolsbee discuss the state of the economy, the Fed’s inflation strategy, and the impact of the Trump administration’s tariff policy on the economy. Krishna Guha - 16:58 Austan Goolsbee - 27:12 In this episode: Austan Goolsbee, @Austan_Goolsbee Steve Liesman, @steveliesman Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcribed - Published: 21 April 2025

Nvidia CEO Jensen Huang is in Beijing, just as U.S. officials are eyeing his company’s supply of AI chips to DeepSeek. CNBC’s Kristina Partsinevelos explains the line between maintaining competition and preserving national security when it comes to tech infrastructure. Federal Reserve chair Jay Powell expressed concern that the central bank could be caught between controlling inflation and supporting economic growth, as tariffs contribute to economic uncertainty. President Trump responded, calling for a rate cut and the termination of Jay Powell as chair. Plus, the IRS is attempting to rescind Harvard’s tax-exempt status, and shares of UnitedHealth Group plunged after the company cut its profit forecast. Kristina Partsinevelos - 26:40 Peter Kraus - 31:43 In this episode: Kristina Partsinevelos, @KristinaParts Kelly Evans, @KellyCNBC Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcribed - Published: 17 April 2025

The Trump administration’s standoff with Harvard has frozen $2.2B in grants to the university. Representative Elise Stefanik (R-NY) is a Harvard alumna as well as Chairwoman of the Republican Leadership, and she’s calling to “defund Harvard.” For Rep. Stefanik, the government has a right to demand changes on campus and to withhold grant money. She discusses issues of free speech and antisemitism on college campuses. In his first interview since leaving office, former SEC Chair Gary Gensler weighs in on tariffs, negotiating with China, cryptocurrencies, and the betting markets. Plus, United Airlines is offering two profit outlooks, just in case the economy falls into a recession, and critical minerals may be the Trump administration’s next target for tariffs. Elise Stefanik - 12:30 Gary Gensler - 31:11 In this episode: Rep. Elise Stefanik, @EliseStefanik Kelly Evans, @KellyCNBC Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 16 April 2025

The Trump administration is investigating semiconductors and pharmaceutical ingredients, the first steps toward tariffs in those industries. Former FDA Commissioner and board member at Pfizer and Illumina Dr. Scott Gottlieb shares his concern that if costs get any higher for generics like heparin, hydrocortisone, and amoxicillin, drugmakers might stop manufacturing them. Dr. Gottlieb explains America’s pharma supply chain through China and India, as well as the thin margins on some of the most commonly used drugs in the United States. The Trump administration ordered a freeze on $2.2B grants to Harvard after the university rejected the White House’s demands for changes, including to DEI programs. The move has sparked another debate about free speech on higher education campuses. Plus, the Chinese government has reportedly ordered Chinese airlines to stop buying Boeing aircraft, and DOGE cuts in DC have hit the workforce in Virginia. Governor Glenn Youngkin (R-VA) is still optimistic about his state’s future. Glenn Youngkin - 21:21 Dr. Scott Gottlieb - 39:36 In this episode: Glenn Youngkin, @GovernorVA Dr. Scott Gottlieb, @ScottGottliebMD Kelly Evans, @KellyCNBC Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 15 April 2025

President Trump exempted consumer technology and components from his reciprocal tariffs on Friday, though by the end of the weekend, his advisors warned that those exemptions may not be permanent. Apple has reportedly increased its iPhone production in India to avoid the impact of the White House’s tariffs on goods imported from China. In an extended conversation, former Federal Reserve Chair and former Treasury Secretary Janet Yellen weighs in on the Trump administration’s tariff agenda, as well as the stability of U.S. treasurys. Former FTC Chair Lina Khan shares her own perspective on President Trump’s tariff agenda, and the two guests both align on one descriptor: chaotic. Khan, once the top antitrust watchdog, discusses the beginning of the FTC’s case against Meta, calling into question Facebook’s acquisitions of Whatsapp and Instagram. Janet Yellen - 17:25 Lina Khan - 35:47 In this episode: Lina Khan, @linamkhan Kelly Evans, @KellyCNBC Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 14 April 2025

This bonus episode of Squawk Pod, from our partners at “The Keynote” features a leader at the forefront of women’s sports. Seattle Storm Forward Nneka Ogwumike has already built her legacy as a WNBA Champion with the Los Angeles Sparks in 2016. The MVP of league (also 2016). The first overall pick in 2012, and before that she brought Stanford to the Final Four, four years in a row. Now after the players opted out of their collective bargaining agreement her next challenge will be leading negotiations for a new contract in a pivotal time for women’s hoops. She spoke with Becky Quick about the growth of the WNBA, advocating for players and her approach to leadership at the CNBC Sport: Inside the Business of Women’s Basketball event on April 5th 2025. To listen to other interviews from events check out “The Keynote by CNBC Events” here: https://podcasts.apple.com/us/podcast/the-keynote-by-cnbc-events/id1493248246 For information on upcoming events visit: CNBCevents.com In this episode: Nneka Ogwumike, @NnekaOgwumike Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcribed - Published: 12 April 2025

China strikes back at the U.S. with 125% tariffs on goods – CNBC’s Eunice Yoon reports on the latest. BCA Research’s Marko Papic says it’s dangerous to get overly bearish in a policy-induced recession. Plus, Minneapolis Fed President Neel Kashkari says the market trends show that investors are increasingly moving away from the U.S. as the safest place to invest while President Trump’s tariff tensions continue to rise. Meanwhile, in the nation’s capital, the House paves the way for Trump’s “big, beautiful bill,” and over in Hollywood, John Malone gives up his seat on the Warner Bros. Board of Directors to become Chair Emeritus. Neel Kashkari - 15:48 Marko Papic - 43:17 In this episode: Neel Kashkari, @neelkashkari Eunice Yoon, @onlyyoontv Marko Papic, @Geo_papic Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese

Transcribed - Published: 11 April 2025

Just days after the White House shut down rumors of a potential pause on tariffs, the world reacts to a swift reversal. National Economic Council Director Kevin Hassett discusses the market’s reaction to President Trump declaring a 90-day pause on tariffs and how a spike in the bond market possibly changed negotiations. Plus, Amazon CEO Andy Jassy sits down in an exclusive interview at the company’s headquarters, saying he believes sellers will pass increased tariffs costs on to consumers. Meanwhile, Becky Quick revisited her 2019 conversation with Warren Buffett, Charlie Munger and Bill Gates discussing the then-latest developments in the U.S.-China trade talks and what they thought would benefit all parties involved. Watch the video from that discussion here. Kevin Hassett 25:37 Andy Jassy 47:07 In this episode: Andy Jassy, @ajassy Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 10 April 2025

Senator Elizabeth Warren weighs in on legislation aimed at repealing President Trump’s tariffs by canceling the emergency declaration used to justify them, saying that tariffs can be useful tools when used correctly – which is not the case right now. Meanwhile, Apollo CEO Marc Rowan said he’s seeing things slow down due to the economic uncertainty, but we’re not in a recession yet. Plus, CNBC’s Robert Frank reports on why the bond market may be the biggest risk to the president’s tax bill, China announces an 84% tariff on U.S. goods and President Trump delivers remarks at the National Republican Congressional Committee President’s Dinner. Sen. Elizabeth Warren - 24:35 Marc Rowan - 36:53 In this episode: Elizabeth Warren, @SenWarren Robert Frank, @robtfrank__ Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 9 April 2025

Treasury Secretary Scott Bessent calls China’s tariff escalation a “big mistake,” adding that he expects the U.S. to be able to reach deals with its trading partners. On the other hand, Kentucky Senator Rand Paul says while he supports President Donald Trump, he does not support tariffs, emphasizing that every trade relationship is mutually beneficial. Plus, Apple is reportedly planning to source more iPhones from India after Trump’s China tariffs, and Shopify CEO Tobi Lutke told employees that they’ll have to show their jobs can’t be done by artificial intelligence before asking for more headcount and resources. Sec. Scott Bessent - 16:39 Sen. Rand Paul - 34:52 In this episode: Scott Bessent, @SecScottBessent Rand Paul, @SenRandPaul Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @cameroncostany

Transcribed - Published: 8 April 2025

Peter Navarro - 22:06 In this episode: Peter Navarro, @RealPNavarro Leslie Picker, @LesliePicker Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 7 April 2025

China announced a 34% retaliatory tariff on all goods imported from the U.S. on Friday morning following President Trump’s decision to slap steep tariffs on many countries. University of Pennsylvania Wharton School of Business professor Jeremy Siegel calls Trump’s actions the “biggest policy mistake in 95 years.” Meanwhile, in the nation’s capital, Senators Maria Cantwell and Chuck Grassley introduced bipartisan legislation to give Congress more power in setting and approving trade policy. Sen. Cantwell explains the push to limit the President’s authority. Plus, Snap-on CEO Nick Pinchuk weighs in on whether the broad tariffs were actually necessary and how they place the spotlight on the difficulties of manufacturing. Jeremy Siegel - 11:40 Sen. Maria Cantwell - 25:46 Nick Pinchuk - 33:18 In this episode: Maria Cantwell, @SenatorCantwell Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 4 April 2025

In remarks in the Rose Garden on April 2, President Trump announced steep tariff rates on many countries, including 34% on China, 20% on the European Union, 46% on Vietnam and 32% on Taiwan. Citi Wealth CIO Kate Moore explains the implications for the markets, and CNBC’s Steve Liesman explains the administration’s calculus in arriving at these numbers. Courtney Reagan and Phil LeBeau report on how retailers and automakers are navigating the changes. Finally, an extended interview with the official at the center of it all: Commerce Secretary Howard Lutnick. Sec. Lutnick defends and explains the tariff strategy, underscoring his and the President’s hopes to bring manufacturing back on shore. Kate Moore - 11:21 Steve Liesman - 24:21 Phil LeBeau - 36:14 Courtney Reagan - 38:37 Howard Lutnick - 43:07 In this episode: Steve Liesman, @steveliesman Phil LeBeau, @Lebeaucarnews Courtney Reagan, @courtreagan Howard Lutnick, @howardlutnick Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 3 April 2025

More details on President Trump’s tariff plans are imminent, but Ontario Premier Doug Ford says POTUS can spare the trouble; Canada would be willing to drop its own tariffs, if the United States agreed to drop tariffs, as well. TikTok US buyers are lining up, as the deadline for Bytedance’s divestiture looms. Plus, OpenAI has made its first investment in cybersecurity: Adaptive Security. The company’s co-founder and CEO Brian Long explains how to mitigate risks to your own security and offers a strange surprise: AI anchors. Doug Ford - 12:37 Brian Long - 27:24 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 2 April 2025

The reconciliation bill remains stalled in Congress. Senator Bill Cassidy (R- Louisiana) says the government must first reel in its “out-of-control” spending and debt to defend the American Dream. John Hope Bryant weighs in on why he believes financial literacy needs to be taught to every American at every education level. Plus, OpenAI closes a funding round at $40 billion, the largest private tech deal on record, Johnson & Johnson loses in court again in its bid to settle talc cases and shares of Newsmax surge for a second day after a massive IPO debut on Monday. Sen. Bill Cassidy - 16:57 Kate Rooney - 28:22 John Hope Bryant - 30:33 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie Bill Cassidy, @SenBillCassidy John Hope Bryant, @johnhopebryant Kate Rooney, @Kr00ney

Transcribed - Published: 1 April 2025

The FDA’s top vaccine official has resigned from the agency, citing what he called “misinformation and lies” from HHS Secretary Robert F. Kennedy Jr. about vaccinations. Former FDA Commissioner Dr. Scott Gottlieb discusses the official’s departure, the U.S. measles outbreak, and the importance of bolstering public trust in science and health systems. Former antitrust assistant attorney general Makan Delrahim discusses the future of M&A under the second Trump administration, and investors and business owners are bracing for President Trump’s tariffs set to take effect on April 3. Plus, President Trump has once again floated the idea for a third term, and the President has commuted Ozy Media founder Carlos Watson’s prison sentence. Makan Delrahim - 18:20 Dr. Scott Gottlieb - 29:53 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 31 March 2025

Ahead of CoreWeave’s first trade, CEO and co-founder Mike Intrator discusses the company’s value in the AI ecosystem, including for clients like Microsoft, IBM, and OpenAI. Despite pricing at the bottom of the company’s listing price range, CoreWeave’s debut is the biggest venture-backed tech IPO in years, potentially signalling a shift in market appetite for IPOs. Senator Chris Coons (D-Connecticut) discusses the DOGE-prompted division among lawmakers and American citizens alike after Elon Musk and DOGE members gave an interview on Fox, explaining their intentions with America’s budget. Plus, Russian President Vladimir Putin has weighed in on President Trump’s intentions for Greenland, and the European Union might hit Meta and Apple with smaller fines than expected. Sen. Chris Coons - 20:29 Mike Intrator - 37:25 In this episode: Sen. Chris Coons, @ChrisCoons Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie

Transcribed - Published: 28 March 2025

After a Signal group chat of government officials discussing pending military strikes inadvertently looped in a journalist, Vice Chair of the Select Committee on Intelligence Senator Mike Warner (D-Virginia) called for two of those officials, Secretary of Defense Pete Hegseth and Director of National Intelligence Tulsi Gabbard, to resign. Sen. Warner discusses his concerns about national security and competence in the administration. Plus, a US judge has set Boeing’s 737 Max fraud trial, and the Treasury Department is set to furlough a “substantial number” of workers. Senator Mark Warner - 18:29 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie

Transcribed - Published: 26 March 2025

After a Signal group chat of government officials discussing pending military strikes inadvertently looped in a journalist, Vice Chair of the Select Committee on Intelligence Senator Mike Warner (D-Virginia) called for two of those officials, Secretary of Defense Pete Hegseth and Director of National Intelligence Tulsi Gabbard, to resign. Sen. Warner discusses his concerns about national security and competence in the administration. Plus, a US judge has set Boeing’s 737 Max fraud trial, and the Treasury Department is set to furlough a “substantial number” of workers. Senator Mark Warner - 18:29 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie

Published: 26 March 2025

Tariffs have rattled the markets, but Carlyle co-founder and chairman David Rubenstein says they won’t push us into a recession. He suspects M&A could pick up soon, though at a discount. Rubenstein discusses owning the Orioles and his departure from the chairman role at The Kennedy Center. “How to Build a Happy Life” host and AEI President Emeritus Arthur Brooks has hope for America’s future, despite partisan vitriol. Plus, a Signal group chat has made it out of the White House and into news headlines, and Warren Buffett’s Berkshire Hathaway March Madness bracket competition has a winner–or 12. Arthur Brooks - 14:53 David Rubenstein - 31:18 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie

Transcribed - Published: 25 March 2025

Columbia University agreed to some demands set by the Trump administration, restoring $400m in federal funds to the institution. University of Chicago president Paul Alivisatos says the deal is concerning, and it is indicative of a crisis of trust in higher education. Co-founder of Dreamworks Jeffrey Katzenberg is betting on Aura, a company that uses AI to protect kids and families online. Aura founder and CEO Hari Ravishandran joins Katzenberg to explain the tools parents can use to keep their children safe while respecting their privacy. Plus, Disney’s latest “Snow White” remake has hit theatres amid multiple controversies, South Korea’s Hyundai will announce a $20B investment in the U.S., the IRS might collect less tax revenue this year, and tariffs are still shaking the markets. Paul Alivisatos - 15:01 Jeffrey Katzenberg & Hari Ravishandran - 26:14 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie

Transcribed - Published: 24 March 2025

President Trump has signed an executive order aimed at dismantling the Department of Education. If Congress approves the dissolution, former U.S. Secretary of Education Margaret Spellings argues that states will need to make up for the data, oversight, and funds that the department currently handles for American students. Former FDA Commissioner Dr. Scott Gottlieb discusses the spread of avian flu and its impact on America’s food supply and its egg prices. Plus, the New York Times reported that Elon Musk is headed to the Pentagon, Tesla is weathering protests and vandalism, and Home Depot CEO has weighed in on President Trump’s tariffs. Margaret Spellings - 16:04 Dr. Scott Gottlieb - 28:43 In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Cameron Costa, @CameronCostaNY Melissa Lee, @MelissaLeeCNBC Joe Kernen, @JoeSquawk

Transcribed - Published: 21 March 2025

In its latest decision, the Federal Reserve will hold interest rates steady. The U.S. markets rallied on Fed Chair Jay Powell’s comments that the economy is still strong. Nvidia rallied as well; CEO Jensen Huang discussed tariffs, bringing chip manufacturing onshore, and tech innovation. Over a dozen leaders in the U.S. oil and gas industry met at the White House on Wednesday. Energy Secretary Chris Wright discusses that meeting and President Trump’s agenda for American power. Plus, tennis legend Stan Smith helped found the ATP in the 1970s. Today he weighs in on the future of the sport, player pay, and his legacy as a player and as the face of a beloved sneaker. Happy March Madness! Chris Wright - 16:07 Stan Smith - 30:16 In this episode: Melissa Lee, @MelissaLeeCNBC Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie

Transcribed - Published: 20 March 2025

In an extended interview, Bank of America Chairman and CEO Brian Moynihan discusses inflation, trade policy, consumers, and the Federal Reserve. The head of the nation’s second largest bank says, though consumer sentiment is down, spending is up. President Trump has fired both Democratic commissioners at the Federal Trade Commission; CNBC’s Eamon Javers reports on the ensuing drama, lawsuits, and debates about Presidential constitutional authority. Plus, Nvidia’s week-long GTC developers conference is underway. Eamon Javers - 08:57 Brian Moynihan - 15:58 In this episode: Eamon Javers, @EamonJavers Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie

Transcribed - Published: 19 March 2025

The Federal Reserve begins its two-day meeting today, but Rockefeller Capital Management CEO Greg Fleming argues that uncertainty around economic factors like tariffs might have the central bank on hold. Google will make its biggest acquisition to date, agreeing to $32B for cloud security startup Wiz. In other news, President Trump and President Putin will meet via phone, and Chinese EV company BYD has unveiled supercharged EV charging. Plus, two astronauts are finally on their way home from the International Space Station, thanks to SpaceX; astronaut Mike Massimino answers all our questions about space travel, from bathroom concerns and hygiene strategies. Greg Fleming - 13:22 Mike Massimino - 24:28 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie

Transcribed - Published: 18 March 2025

The US markets are still searching for solid footing, as President Trump’s tariff agenda unfolds. The President’s economic advisor Kevin Hassett explains that April 2nd will bring the certainty and clarity that investors are hoping for. Elon Musk’s work on DOGE in Washington, DC has split his time between government efficiency and leading Tesla, SpaceX, X, and Neuralink. The Wall Street Journal’s Tim Higgins considers whether Musk’s presence in DC is putting a dent in investor confidence in Tesla, as the company’s stock price feels the pressure. Plus, a government shutdown averted, two astronauts one step closer to Earth, and the public’s view on the economy, under President Trump. Happy St. Patrick’s Day! Kevin Hassett - 16:51 Tim Higgins - 28:53 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie

Transcribed - Published: 17 March 2025

This week, CEOs convened to discuss their relationship with the White House. Jeff Sonnenfeld from Yale's School of Management shares his thoughts on corporate America's dynamics with the administration, CEO sentiments, and policy impacts. Plus, Senate Minority Leader Chuck Schumer, D-N.Y., says he is supporting the Republican's six-month funding bill to prevent a government shutdown. Also, Ontario Premier Doug Ford described his meeting with Commerce Secretary Howard Lutnick as "positive" and "productive," following disputes over tariffs. Then, Compass is in advanced talks to acquire Warren Buffett’s real estate brokerage and Marvel Entertainment is accelerating its production move out of China due to the ongoing trade war. Leslie Picker - 17:16 Jeff Sonnenfeld - 18:47 Jeff Sonnenfeld, @JeffSonnenfeld Leslie Picker, @LesliePicker Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 14 March 2025

New Federal Trade Commission Chair Andrew Ferguson sits down with CNBC’s Eamon Javers to discuss antitrade policy and his plans for Big Tech, saying he’s “unequivocally” not backing off of a case against Amazon. Plus, former Aetna CEO and current Oscar Health CEO Mark Bertolini weighs in on how to improve the messy, frustrating world of health insurance in what’s been a rocky start to the year for the industry. Plus, two astronauts are still stuck in space, JPMorgan Chase’s Jamie Dimon offers a word of caution on consumer spending and the countdown to a possible government shutdown continues. Andrew Ferguson - 18:02 Mark Bertolini - 35:22 Andrew Ferguson, @AFergusonFTC Mark Bertolini, @mtbert Eamon Javers, @EamonJavers Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 13 March 2025

As markets react sharply to President Trump’s 25% tariffs on steel and aluminum, Altimeter Capital CEO Brad Gerstner weighs in on the escalating market turmoil and the broader implications of Trump’s trade policies. Amid these developments, CNBC’s Eunice Youn reports from Beijing on talks between China’s Ministry of Commerce and Walmart, which is seeking price reductions from Chinese suppliers to mitigate tariff impacts. Plus, CNBC’s Eamon Javers delivers insights on Trump FTC Chair Andrew Ferguson’s recent remarks to CEOs, emphasizing that while he won’t allow mergers to falter unnecessarily, automatic approvals for significant mergers aren’t guaranteed. Eamon Javers - 09:14 Eunice Yoon - 16:13 Brad Gerstner - 22:51 Eunice Yoon, @onlyyoontv Eamon Javers, @EamonJavers Brad Gerstner, @altcap Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 12 March 2025

Tesla shares have lost 50% of their value ($800B in market cap) since their peak in December, dropping 15% in Monday’s trading session alone. Despite the slide–and Elon Musk’s increased visibility in DC–longtime Tesla shareholder Ron Baron says he's still a believer in the company’s fundamentals and the company’s leader. Tesla comprises 32% of one of his funds, and Baron explains his persistent optimism. Tesla isn’t the only stock under pressure; the Dow dropped 900 points on Monday, and the Nasdaq suffered its worst day since 2022. Plus, U.S. Secretary of Education Linda McMahon explains why, as a bureaucrat, she believes bureaucracy hurts more than helps education outcomes. Sec. McMahon discusses the imminent unwinding of her own department. Ron Baron - 13:56 Linda McMahon - 45:05 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 11 March 2025

As Wall Street stumbles on fears of a trade war, National Economic Council Director Kevin Hassett discusses the U.S. economy and the uncertainties that are shaking investors. Tariff concerns extend to small businesses, too; Mezcalum co-founders (and Real Housewives of New York stars) Erin and Abe Lichy share how they’re absorbing raised costs in their supply chain for mezcal from Mexico. CNBC’s Eamon Javers reports on President Trump’s latest comments from Washington, including a shift away from the stock market as a barometer for success. Plus, Tesla stock is experiencing its longest losing streak since going public. Eamon Javers - Kevin Hassett - 26:29 Erin and Abe Lichy - 41:17 In this episode: Erin Lichy, @Erindlichy Eamon Javers, @EamonJavers Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 10 March 2025

In an extended interview, Treasury Secretary Scott Bessent discusses the Trump administration’s tariffs, including the timeline of his trip to Kiev and President Zelenskyy’s trip to Washington, DC. Secretary Bessent considers the strength of the U.S. dollar, President Trump’s executive order establishing a strategic bitcoin reserve, and what he calls the market’s “detox” from excessive government spending. Plus, CNBC’s MacKenzie Sigalos explains bitcoin’s reaction to the strategic reserve and the likelihood of foreign governments following suit. MacKenzie Sigalos - 08:33 Scott Bessent - 16:45 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcribed - Published: 7 March 2025

As the United States and Canada spar over tariffs, Karina Gould, a candidate for Canadian Prime Minister and former Canadian government House leader, explains Canada’s retaliation against the Trump administration’s tariffs and the Canadian frustration at the current relationship between neighbors. Then, pollster and political strategist Frank Luntz provides insights into swing voters 6 weeks into President Trump’s second term. Luntz discusses the public’s opinion on Elon Musk's influence in Washington and the economic messaging from the White House. Plus, some Senate Republicans push to codify DOGE cuts after meeting with Elon Musk, and automakers have one month’s reprieve from tariffs on autos coming into the U.S. from Mexico and Canada. Karina Gould - 14:02 Frank Luntz - 25:44 In this episode: Frank Luntz, @frankluntz Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcribed - Published: 6 March 2025

Wednesday marks day two of President Trump’s 25% levies on Mexico and Canada. In his joint address to Congress, the President warned about “a little disturbance” as American industries and neighbors digest his administration’s tariffs. CNBC’s Eamon Javers reports on the rest of the news out of Tuesday’s address, and Phil LeBeau reports that the administration may consider a delay on tariffs for autos. Former US Ambassador to Canada Bruce Heyman explains the toll tariffs may take on the longstanding relationship between neighbors, including social and economic ties. The friction between the U.S. and Canada extends to the ice; National Hockey League Commissioner Gary Bettman discusses the cross border relationships in sport and in finance. Eamon Javers - 9:48 Bruce Heyman - 19:32 Gary Bettman - 29:12 Phil LeBeau - 37:12 In this episode: Phil LeBeau, @Lebeaucarnews Eamon Javers, @EamonJavers Robert Frank, @robtfrank Michael Santoli, @michaelsantoli Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcribed - Published: 5 March 2025

President Trump’s tariffs on Mexico and Canada take effect today. Target CEO Brian Cornell sits down with Becky Quick to discuss the impact they’ll have on his business and on price tags for consumers; Cornell warns, costs at checkout will likely go up, and soon. While U.S. stocks and investors waver on the new trade rules, U.S. Commerce Secretary Howard Lutnick explains the long term vision for “fair” trade, as well as the price the Trump administration is willing to pay to curb fentanyl’s flow into the country and bring more manufacturing stateside. Plus, President Trump has paused all U.S. military aid to Ukraine. Brian Cornell - 14:50 Howard Lutnick - 31:48 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY

Transcribed - Published: 4 March 2025

The markets ended February on a low note as investors digest global and domestic uncertainty and prepare for tariffs set to take effect on Tuesday. Cryptocurrency, however, has rallied on President Trump’s announcement of a strategic crypto reserve. In the aftermath of the heated discussion between President Trump and Ukrainian President Zelenskyy, author, editor, and international affairs professor Nina Khrushcheva examines the U.S. agenda and next steps for Russian President Putin. Hayman Capital Management founder Kyle Bass considers Ukraine’s geopolitical position and the shift in war sentiment among conservatives in the United States. Plus, Anora took home 5 awards from Sunday’s Oscars. Puck founding partner Matt Belloni discusses the other winners, the surprises, and the streaming factor in this year’s Academy Awards. Megan Cassella - 07:23 Nina Khrushcheva - 12:57 Kyle Bass - 21:11 Matt Belloni - 31:45 In this episode: Matt Belloni, @MattBelloni Kyle Bass, @Jkylebass Megan Cassella, @mmcassella Melissa Lee, @MelissaLeeCNBC Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY

Transcribed - Published: 3 March 2025

Uncertainty from U.S. tariffs and the DOGE agenda has prompted a volatile week in the financial markets. UK Prime Minister Keir Starmer visited President Trump days ahead of Ukrainian President Volodymyr Zelenskyy’s Washington visit; both leaders have tariffs and war top of mind. In Texas, a child has become America’s first measles-related death in almost a decade. Former FDA Commissioner Dr. Scott Gottlieb discusses the measles outbreak risks of declining vaccination rates in certain communities, bringing down the average vaccination rates in some states. Plus, Meta plans to release its own AI app, and it’s awards season! Variety’s Cynthia Littleton discusses the expected Oscar wins at the 97th Academy Awards this Sunday. Dr. Scott Gottlieb - 16:36 Cynthia Littleton - 27:06 In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 28 February 2025

In a rare interview, Stripe CEO John Collison sits down with Andrew Ross Sorkin. At 15 years old, the payments company is worth $91.5 billion, but it’s still private. In part, Stripe has avoided going public thanks to tender offers it periodically offers employees and shareholders. In its most recent tender offer, Stripe revealed $1.4 trillion in total payment volume in 2024, and Collison explains that AI, including OpenAI, Perplexity, and over 700 AI agents using Stripe have helped grow the company. In a special, extended conversation, Stripe CEO discusses the company’s future, the utility of stablecoins, and the next era of AI innovation. John Collision - 06:32 In this episode: Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 28 February 2025

President Trump has said tariffs on Mexico and Canada will begin next week. Eamon Javers reports from Washington on the tariff messaging from The White House. Once COO and President of Blackstone and now Chairman of Costco Tony James shares his perspective on the US economy, business strength, and consumer confidence. James considers American business to be slowing down, thanks to uncertainty from the administration. In the face of DEI rollbacks across corporate America, Costco remains consistent in their commitment to equity. Plus, Nvidia topped analyst estimates, for the first time in a decade, a child in the US has died from the measles, and Elon Musk’s efforts in the US government could affect his businesses. Eamon Javers - 16:39 Tony James - 27:10 In this episode: Eamon Javers, @EamonJavers Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 27 February 2025

The Republican-controlled U.S. House of Representatives narrowly passed a multi-trillion-dollar budget plan late Tuesday, advancing President Donald Trump’s tax-cut and border security agenda. CNBC’s Emily Wilkins joins to outline the details of the bill. Then Rep. Ro Khanna discusses the budget’s passage, its impact on Democrats, who benefits from the Trump tax cuts, and his thoughts on proposed spending cuts. And Cava co-founder and CEO Brett Schulman weighs in on the company’s quarterly earnings, 2025 outlook, and the potential impact of tariffs. Plus, Trump floats a $5 million “gold card” visa as a new path to citizenship, the U.S. and Ukraine outline a deal to fund Ukraine’s future security and reconstruction through an investment fund backed by the country’s rare earth minerals, and McDonald’s pushes back against a proposed surcharge on egg-based meals. Emily Wilkins - 20:52 Rep. Ro Khanna - 24:11 Brett Schulman - 35:51 Emily Wilkins, @emrwilkins Rep. Ro Khanna, @rokhanna Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 26 February 2025

“Zero Day” writers and producers Eric Newman, Noah Oppenheim, and Michael Schmidt discuss their limited series political thriller on Netflix. The team discusses Robert De Niro’s performance on the show, as well as the well-timed plotline in today’s political climate. Florida Governor Ron DeSantis weighs in on his DOGE efforts in his own state, Elon Musk’s agenda in Washington, and the evolving relationship between Russia, Ukraine, and the United States. Plus, Home Depot reported its latest earnings, and President Trump said tariffs on Mexico and Canada will move forward. Gov. Ron DeSantis - 16:48 Eric Newman, Noah Oppenheim, and Michael Schmidt - 30:18 In this episode: Ron DeSantis, @RonDeSantis Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 25 February 2025

The Department of Justice’s investigation into United Healthcare’s billing practices has highlighted problematic practices across the American health care system, including upcoding. Former CEO of the Cleveland Clinic Dr. Toby Cosgrove explains common abuses in the system, their legacy, and potential solutions. New York Democratic Congressman Ritchie Torres stops by the set to discuss how city residents consider Mayor Eric Adams’ unusual relationship with President Trump. He explains why he wants the resigned NY Governor Andrew Cuomo to take over as Mayor this election cycle. Plus, DOGE is still making cuts to the federal workforce, the markets suffered their worst day of the year so far, and Omaha Oracle Warren Buffett is amassing more cash–and selling more stock. Ritchie Torres - 17:32 Dr. Toby Cosgrove - 27:39 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcribed - Published: 24 February 2025