Squawk Pod

Matt Mahan, the Mayor of San Jose and a vocal critic of California's proposed wealth tax, shares his insights on the potential dangers of capital flight and the impact on innovation. He discusses the growing concerns of billionaires leaving the state and stresses the need for pragmatic solutions before imposing new taxes. Additionally, Mahan highlights the necessity of addressing government waste and closing loopholes. The conversation sheds light on the intricacies of local economic policy amidst a national debate.

Today’s market highlights include Merck’s ambitious plan to acquire cancer drugmaker Revolution Medicines for up to $32 billion. Saks is reportedly on the brink of securing over $1 billion in bankruptcy financing. Meanwhile, fitness tracking app Strava is set to confidentially file for an IPO. In entertainment, Paramount Skydance is looking to partner strategically with MTV. Lastly, NASA is bringing a crew home early from the ISS due to a serious medical condition onboard.

Tom Friedman, a Pulitzer Prize-winning journalist, dives into the complexities of U.S. involvement in Venezuela, cautioning against removing Maduro without a solid democratic transition. He emphasizes the need for a legal framework for foreign investment in the country. Joining him is Scott Gottlieb, a former FDA commissioner, who tackles the regulatory challenges in treating rare diseases, highlighting the importance of streamlined processes for breakthroughs in gene therapy. Their insights intertwine global politics and crucial healthcare discussions.

Becky Quick shares her personal journey as a mother of a child with a rare genetic disease. The challenges faced by families navigating the complexities of rare diseases are highlighted. Delve into the emotional impact of losing typical childhood milestones and the long diagnostic journey. Discover the unique biology of SYNGAP1, the personal triumphs of their daughter Kaylee, and the urgent need for awareness and funding in this arena. The discussion advocates for community action and highlights a new initiative aimed at supporting families affected by rare diseases.

Eamon Javers, a CNBC reporter specializing in foreign policy, and Brian Sullivan, a CNBC anchor with energy insights, dive into the implications of Venezuela's oil flow to the U.S., revealing that sanctioned oil will be sold indefinitely. They discuss the intricate details of the arrangement and its impact on American banks. Jacob Soboroff, an MSN anchor and author, shares his personal tale following the Los Angeles fires and the challenges of recovery, including housing issues and labor shortages. Together, they explore the intersection of geopolitics and community resilience.

Jeff Landry, the Governor of Louisiana and U.S. special envoy to Greenland, delves into the renewed relevance of the Monroe Doctrine and its implications for modern geopolitics. He emphasizes a business-oriented approach to Greenland, focusing on economic opportunities over territorial disputes. Joining him is Daniel Osorio, an investor and founder of Andean Capital Advisors, who analyzes the Venezuelan migration crisis and the potential of oil markets in the region. They also discuss how crypto adoption in Venezuela is becoming essential amid economic turmoil.

Jay Clayton, former SEC Chair and U.S. Attorney, shares insights on the legal proceedings against Nicolás Maduro, emphasizing the complex history dating back to 2011. He discusses drug trafficking as a national security threat, revealing the strategic implications of prosecution. Meanwhile, Mark Lazarus, CEO of Versant, unveils the company’s fresh start on NASDAQ, outlining ambitious plans for digital expansion and acquisitions. The conversation highlights the intersection of international law and media strategy as both guests navigate high-stakes discussions.

Stocks are on the move with Chevron and Exxon rising following the capture of Venezuelan leader Maduro. Airlines scramble to accommodate stranded Caribbean travelers. Interest rate cuts might not be imminent, according to Philadelphia's Fed president. Tesla faces challenges after falling short of delivery goals. Meanwhile, the latest 'Avatar' film continues to dominate the box office, sparking discussions on its performances and potential awards.

Bill Shufelt, Co-founder and CEO of Athletic Brewing, dives into the booming world of non-alcoholic beer. He discusses the impressive growth of the category and Athletic Brewing's unique offerings, highlighting their 12 styles of NA beers and innovative mocktails. Bill taps into the 'sober-curious' trend, noting how health-conscious consumers are reshaping the beverage market. He also shares insights on nutrition-focused innovations and the company’s plans for retail expansion, making NA drinks more mainstream and socially accepted.

Sal Khan, the founder of Khan Academy, shares his urgent insights on the looming job apocalypse driven by AI automation and promotes corporate responsibility in reskilling displaced workers. Meanwhile, Bill Simon, former CEO of Walmart U.S., analyzes the retail landscape, highlighting winners like Dollar General while strategizing for 2026. Their discussions provide a compelling look into how AI and retail dynamics will shape the future as 2025 wraps up.