Squawk Pod

Charlie Munger, the Vice Chairman of Berkshire Hathaway and Warren Buffett's right-hand man, shares his candid reflections just weeks before his passing. He discusses the childhood experiences that shaped his investment philosophy and the vital lessons learned from both successes and failures, including a noteworthy misstep with Alibaba. Munger emphasizes the importance of self-awareness, friendships, and resilience in navigating life's chaos, while offering a thoughtful look at current geopolitical issues and leadership in challenging times.

Charlie Munger, the billionaire investor and trusted partner of Warren Buffett, shares his life lessons just weeks before his passing. He reflects on his legacy, emphasizing that true success goes beyond financial returns. The conversation dives into his dynamic partnership with Buffett and their shared investment philosophies. Munger also critiques bureaucracy, stresses the importance of lifelong learning, and shares amusing anecdotes about navigating life's challenges, all while embracing curiosity and intellectual growth.

Sue Decker, a lead director at Berkshire Hathaway and board member at Costco, shares her insights ahead of the annual shareholders meeting. She discusses Warren Buffett’s leadership style and the evolving investment strategies of Berkshire. Decker also delves into the challenges facing higher education, advocating for reform in tuition costs. The conversation touches on supply chain complexities and how the company is preparing for the economic landscape leading into 2025, all while maintaining a light-hearted tone.

Mario Gabelli, CEO of GAMCO Investors and a seasoned Berkshire Hathaway shareholder, shares insights on market dynamics and investment strategies. He discusses the tension between traditional broadcasting and the rise of streaming services, illuminating the future of media. Gabelli highlights value investing tactics in uncertain times, emphasizing the importance of economic indicators and technology's impact on agriculture. His reflections on Buffett's leadership add depth, making this discussion a goldmine for investors and market enthusiasts.

Journey to Omaha for Berkshire Hathaway’s annual gathering! CEOs from See’s Candy and Brooks Running share their excitement, showcasing exclusive products for dedicated shareholders. Discover how tariffs challenge production while revenues soar. Witness the community spirit as thousands converge for this ‘Woodstock for Capitalists’. Plus, get insights into candy industry trends and the impact of rising cocoa prices. It’s a sweet mix of business, festivity, and innovation!

Mary Barra, the Chair and CEO of General Motors, is dedicated to reshaping U.S. auto manufacturing amid evolving trade dynamics with China. Kevin Hassett, the National Economic Council Director, discusses the latest U.S.-China tariff negotiations, hinting at a possible deal. They dive into the repercussions of tariffs on GM, the importance of domestic production, and the competitive landscape in the automotive industry. There's optimism about overcoming trade challenges, especially for U.S. farmers, as both nations navigate a complex economic relationship.

Steve Liesman, CNBC's senior economics reporter, and Frank Luntz, a renowned pollster and political strategist, discuss a pivotal time in President Trump’s second term. Luntz reveals that disappointed independent voters are crucial, highlighting the disconnect between expectations and political action. Liesman analyzes a struggling economy facing contraction and trade deal complexities amidst tensions with Amazon. The conversation captures the intricate relationships between big tech, voter sentiment, and economic realities in a polarized landscape.

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 16:25Phil LeBeau 31:44Mark Fields 37:47 In this episode:Jason Smith, @RepJasonSmithPhil LeBeau, @LebeaucarnewsBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie

Scott Bessent, Treasury Secretary, dives into global tariff negotiations, stressing the importance of China's role in trade de-escalation. He addresses the current economic landscape and trade policies under scrutiny. Meanwhile, Rich Kleiman, co-founder of Boardroom, and MLB legend CC Sabathia discuss the future of baseball, emphasizing fan engagement strategies and the cultural significance of sports partnerships. They reflect on how recent rule changes and a focus on player storytelling could reshape the MLB experience.

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 - 17:29Nicholas Burns - 24:50 In this episode:Marc Caputo, @MarcACaputoBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie