President Biden is headed to the Middle East. Former Supreme Allied Commander of Nato Admiral James Stavridis discusses the explicit and implicit politics at play in the Presidential trip to Israel and Jordan. Guggenheim Partners Executive Chair Alan Schwartz discusses his outlook for recession and the greatest risks to the American economy. The last CEO of Bear Stearns also explains his concern for the federal budget. Plus, Choice Hotels has offered a nearly $8B deal to take over Wyndham Hotels and Resorts, and Rep. Jim Jordan (R-Oh.) is hoping for a favorable vote in the still-leaderless House today. Other stories Squawk is watching: Bitcoin’s bounce on a now-retracted CoinTelegraph report, and ‘remote work cities,’ just a pandemic pipe dream.

Alan Schwartz - 10:02

Adm. James Stavridis - 21:17

In this episode:

Andrew Ross Sorkin, @andrewrsorkin
Becky Quick, @BeckyQuick

Katie Kramer, @Kramer_Katie

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Charlie P. FOTS Step 11