Squawk Pod

The United States’ largest fuel pipeline has been shut down since Friday after a cyber attack, and it’s not clear how long the outage will last. CNBC’s Brian Sullivan reports that the outage could lead to spot shortages of gas, diesel, and jet fuel, and CNBC’s Eamon Javers details the “DarkSide” hacking group reportedly responsible for the attack. The disappointing April jobs report sparked debate about why American hiring hasn’t picked up as quickly as economists expected. CNBC’s Steve Liesman and Rahel Solomon discuss whether the U.S. economy might experience a lasting shortage of labor after the jobs miss. Anthony Scaramucci, founder of Skybridge Capital, says unemployment benefits are not to blame; most Americans want to work. Scaramucci also recaps Elon Musk’s appearance on “Saturday Night Live” and the resulting dogecoin nosedive. The Biden administration announced last week that it supports waiving intellectual property protections for Covid-19 vaccines in order to address the global shortage. Dr. Scott Gottlieb, member of the boards of Pfizer and biotech company Illumina and former FDA Commissioner, says the patent won’t solve the immediate problem of global vaccine distribution. Gottlieb also discussed his thoughts on the quickly-changing federal guidance on coronavirus restrictions. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

In his first major interview as Chair of the Securities and Exchange Commission, Gary Gensler discusses his approach to bitcoin, the GameStop volatility, and the Archegos scandal. He identifies gaps in America’s regulatory ecosystem and emphasizes freshening the SEC’s rules to handle modern technology. While Elon Musk preps for the Saturday Night Live stage this weekend, Gensler shares his own view of media and celebrity roles in the markets. Plus, Twitter has introduced a new Tip Jar feature, and the Squawk Box anchors swap strategies to up engagement--and repair relationships with the new offering. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Booking Holdings CEO Glenn Fogel discusses the travel trends for Americans as vaccinations ramp up across the country. Airports are close to being busier than they’ve been in over a year, and Fogel says the communities with the best vaccination rollouts are the ones who stand to benefit the most from travelers. The Biden administration is attempting to mitigate global vaccination inequality by supporting waiving intellectual property rights for Covid vaccines. Plus, dogecoin’s ascent has Wall Street fascinated, and Broadway is making its way back for the masses. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Serial entrepreneur Gary Vaynerchuk has launched a collection of non-fungible tokens in the hopes of building a community around NFTs and integrating that technology with smart contracts. With his VeeFriends project, he’s attaching “utility” to non-fungible tokens, and he’s betting big on the metaverse and the crypto ecosystem. Jessica Alba, founder of lifestyle brand The Honest Company, joins her CEO Nick Vlahos in a conversation about the company’s debut on the Nasdaq. Her team is betting on a sustained interest in sustainability and the health-conscious economy. Plus, Treasury Secretary Janet Yellen is tempering her comments on a potentially “overheating” economy, and Krispy Kreme is serving up an IPO. Happy Cinco de Mayo! May your celebrations last until the Berkshire Hathaway stock splits. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Union Square Hospitality Group and Shake Shack founder Danny Meyer discusses the restaurant industry’s biggest challenges in getting back to normal as New Yorkers gear up for a summer reopening. Dogecoin’s market cap continues to grow, despite its “funny” origins, and the philanthropic community wonders what’s next for the Bill and Melinda Gates Foundation. CNBC’s Robert Frank considers the couple’s divorce and its repercussions for charitable giving. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

At the Berkshire Hathaway Annual Shareholders Meeting, investing legends Warren Buffett and Charlie Munger reveal their successors and discuss--and defend--their investment decisions. In the first public conversations they’ve had in a year, Buffett and Munger answer questions from Becky Quick and their shareholders about Apple, airlines, climate change, inflation, Robinhood, SPACs, and their own, decades-long friendship. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Twitter CFO Ned Segal discusses Twitter’s growth strategy in a post-pandemic age of social media. Senator Elizabeth Warren’s (D-MA) efforts to get America’s wealthy to “pay their fair share” have consistently centered billionaire investor Leon Cooperman, a vocal critic of her proposed “wealth tax.” In an extended interview, Cooperman, Omega Family Office Chairman & CEO, defends his position on taxes, philanthropy, and Senator Warren herself. Insider, Inc. CEO Henry Blodget unpacks Amazon’s blowout financial performance in the first quarter of 2021, and speculates on what’s next for the behemoth of Bezos. Plus, Apple is under scrutiny in the EU, and the Squawk Box anchors are taking their vitamins. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

In President Biden’s first speech to Congress, he emphasized jobs, support for the middle class, and all Americans “paying their fair share.” Pollster and strategist Frank Luntz breaks down what the President’s priorities mean for Wall Street and for the working class. Plus, get ready to reopen; Joe, Becky, and Andrew discuss New York City’s bright future and the return of the cruise. Squawk Pod is a Webby Nominee! Cast your vote by May 6th for a People’s Voice Award here: https://bit.ly/2QZKzfp Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Senator Elizabeth Warren (D-MA) held the first hearing of her newly formed Senate Finance Subcommittee on Fiscal Responsibility and Economic Growth. She discussed her vision for a fair tax system and the need to raise taxes on corporations and the wealthiest Americans. President Joe Biden will address Congress tonight to pitch his new proposal of $1.8 trillion in investments and tax credits aimed toward children and families. CNBC’s Ylan Mui breaks down what’s in the bill. Microsoft and Google’s parent company Alphabet reported earnings Tuesday after the bell. Alphabet’s big beat came amid a rise in online ad sales and Microsoft saw its biggest revenue growth since 2018. Stephanie Link, chief investment strategist and portfolio manager at Hightower, discussed how investors should approach these results. Plus, where's the beef? And Squawk Pod is a Webby Nominee! Cast your vote by May 6th for a People’s Voice Award here: https://bit.ly/2QZKzfp Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Leaders in Washington continue their debate of “infrastructure” as some lawmakers begin crafting counters to President Biden’s $2T plan. Transportation Secretary Pete Buttigieg discusses the bipartisan effort to invest in America’s infrastructure--and to define what the word should encompass. Pfizer CEO Albert Bourla discusses the Covid-19 crisis in India and addresses the global impact of vaccine hesitancy, at home and abroad. New Bank of America research reveals that amid a busy earnings week, many CEOs are signaling inflation concerns to their investors. Plus, GameStop is in the market for a new leader, and CNBC’s Eamon Javers reports that Washington is budgeting out the minimum wage. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.