Squawk Pod

Sam Bankman-Fried was found guilty on all 7 criminal charges he faced in the weeks-long trial that captivated Wall Street and Main Street. CNBC’s Kate Rooney reports on the prison-time the FTX founder is facing (a maximum of 115 years), and the evidence that got him there. The SEC’s former Internet Enforcement Chief John Stark explains what the verdict means for crypto regulation going forward. Transportation Secretary Pete Buttigieg discusses the UAW’s deals with American automakers after negotiations finally ended a six-week strike. He discusses aviation’s biggest challenges, American infrastructure, and investing in autonomous vehicles. Plus, Kraft Heinz is cashing in on the Taylor Swift economy, which–if you hadn’t noticed–is booming.  Kate Rooney - 2:17John Stark - 6:41Pete Buttigieg - 17:29 In this episode:Kate Rooney, @Kr00neyPete Buttigieg, @SecretaryPeteAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Federal Reserve has left interest rates as they are, in its latest decision. Neuberger Berman’s Steve Eisman, the portfolio manager profiled in “The Big Short,” breaks down Fed Chair Jay Powell’s latest remarks, the state of the economy, and the handling of the Israel-Hamas War on campus at his alma mater, University of Pennsylvania. Palantir has reported a strong quarter, and CNBC’s Frank Holland explains CEO Alex Karp’s commentary on American competitiveness, the Palantir software, and standing by Israel. Disney is buying the rest of Hulu from Comcast, in a long-awaited and widely-expected decision on the asset. Plus, the New York City Marathon is this Sunday! Brooks Running CEO Jim Weber expects almost 10,000 runners to be racing in his shoes, and he’s cheering them on.  Steve Eisman 13:43Jim Weber 22:56 In this episode:Andrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stanley Druckenmiller, legendary investor and hedge fund manager, shares concerns about US debt and government aid for Ukraine and Israel. He criticizes Treasury Secretary Janet Yellen for missed opportunities and refers to government spending as 'drunken sailor' behavior. Topics discussed include fixed commission rates in real estate, potential consequences of fiscal recklessness, long-term inflation, burdening future generations, the current state of the economy, and the impact of debt on interest rates.

PIMCO's Libby Cantrill discusses how Presidential nominees are likely already set. The potential surge of oil prices due to the Israel-Hamas conflict is explored. The idea of issuing a 50-year bond and the implications of crowding out are discussed. The risk of a government shutdown and 2024 election predictions are analyzed. Sundar Pichai's defense of Google's exclusive search agreements is highlighted. The importance of improving visibility and taking screenshots is emphasized.

The United Auto Workers union has reached a tentative deal with Stallantis. CNBC’s Phil LeBeau reports the details of the deal and the outlook for GM, which is still at the negotiating table. Two courtroom dramas are underway: Alphabet CEO Sundar Pichai is testifying in the DoJ’s antitrust case against Google, and disgraced FTX founder Sam Bankman-Fried is testifying in his own fraud trial. In DC, former White House Chief Technology Officer Aneesh Chopra considers the price of Google search and the many nuances of alleged anticompetitive business. In New York, Puck founding partner Teddy Schleifer has followed the Sam Bankman-Fried case from the beginning, and offers his outlook on the case, the defense, the evidence, and the jury so far. Plus, CNBC’s Eamon Javers has the details on President Biden’s Executive Order on AI, former Vice President Mike Pence has dropped out of the race for President, and a familiar voice made a cameo on the Simpsons!  Aneesh Chopra - 16:36Teddy Schleifer - 24:35 In this episode:Teddy Schleifer, @teddyschleiferEamon Javers, @EamonJaversPhil Lebeau, @LebeaucarnewsAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Disgraced FTX founder Sam Bankman-Fried testified in his own trial–without jurors. CNBC’s Kate Rooney was in the courtroom, and she shares details of what he said and how the judge responded. Former SEC Commissioner and attorney Jay Clayton joins to discuss the strategy of SBF’s defense team. Check out Andrew Ross Sorkin’s interview with Sam Bankman-Fried at the beginning of the saga–when he was still in the Bahamas! Plus, in a conversation you’ll only hear on this podcast, Andrew Ross Sorkin speaks with singer, songwriter, and entrepreneur Will.i.am and inventor and philanthropist Dean Kamen on their work to educate kids in STEM and robotics. Kamen founded nonprofit FIRST in 1989, and now he and Black Eyed Peas frontman Will.i.am are gearing up for their annual fundraising gala in December. The two discuss the value of FIRST’s K-12 STEM education programs, how the musician first met the Segway inventor, and how AI is changing job opportunities for everyone–from kids to creatives.  Kate Rooney - 10:31Jay Clayton - 15:26will.i.am + Dean Kamen - 26:39 In this episode:Will.i.am, @iamwillKate Rooney, @Kr00neyAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

United Auto Workers union reaches tentative deal with Ford, ending strike. House Republicans appoint Rep. Mike Johnson as new Speaker. Anti-Defamation League CEO discusses condemning antisemitism. Nikki Haley talks foreign policy strategy. The importance of supporting Ukraine and Israel to prevent war. ADL calls for action against anti-Semitism. Israel faces PR battle amid potential invasion of Gaza.

House Republicans have settled (for now) on another nominee for Speaker: Rep. Mike Johnson (R-La.). A bipartisan group of 42 attorneys general is suing Meta, alleging that its apps are addictive and aimed at their youngest users. Wharton Professor, author, organizational psychologist, and “Re: Thinking” podcaster Adam Grant discusses his new book, “Hidden Potential.” He shares his advice for unlocking talent in ourselves and others, and offers a different metric for measuring success. WeWork’s former CEO Adam Neumann is in Riyadh for Saudi Arabia’s Future Investment Initiative. Having grown up in Israel, Neumann shares his grief for his home kibbutz, among those attacked in the Israel-Hamas War, and explains the role business can play in building a community to contribute to peace. Plus, where are you most productive? Blackstone’s Steve Schwarzman says remote workers are literally and metaphorically phoning it in.  Adam Grant - 17:29Adam Neumann - 27:35 In this episode:Adam Grant, @AdamMGrantAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Apple supplier Foxconn is reportedly facing a tax investigation in China. Apple’s other issue these days: Chinese e-commerce retailers are offering iPhone 15s at a steep discount, raising questions about demand for Apple products. Professor, former CEO, and biographer of both Steve Jobs and Elon Musk Walter Isaacson discusses the tricky terrain for a corporation like Apple, navigating Chinese and American geopolitics. Plus, a pivot to the Middle East. One of many, a tech entrepreneur lost his daughter in the Israel-Hamas War. Eyal Waldman, co-founder of Nvidia-acquired Mellanox, grieves for his daughter, who was among those killed in the Hamas attack on the Nova Music Festival. He shares his perspective on the conflict and on the road forward, hoping for a two-state road to a peaceful future.  Walter Isaacson - 01:39Eyal Waldman - 13:39 In this episode:Walter Isaacson, @walterisaacsonAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

It’s a merger Monday! Chevron is buying Hess for $53B in the second huge oil transaction in weeks. Becky Quick shares details on the deal from her conversation with Chevron CEO Michael Wirth, and Joe Kernen and Andrew Ross Sorkin consider the implications of the deal for the American energy ecosystem. Nine new Republicans have joined the race for Speaker, but no clear resolution to the legislative chaos has emerged. CNBC’s Emily Wilkins explains the situation in DC, and former Republican Ways and Means Committee Chair Kevin Brady joins former Democrat Congresswoman Donna Edwards to discuss the logjam and the leadership on the Hill. Plus, a special conversation with NBA star and author Andre Iguodala, who’s hanging up his basketball shoes after two decades on the court. He’s turning to his venture capital career full time, and he has advice for athletes looking to follow his lead: be obsessed.  Emily Wilkins - 12:34Kevin Brady and Donna Edwards - 14:14Andre Iguodala - 22:57 In this episode:Andre Iguodala, @andreAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.