Squawk Pod

Palantir CEO Alex Karp discusses the impact of the Russian invasion of Ukraine on modern warfare. They highlight the power of software plus heroism, the threat of nuclear weapons, and the importance of Western countries respecting human rights for business growth.

In a highlight of 2022, investor and private equity legend David Rubenstein, co-founder of the Carlyle Group, shared what he learned from some of the world’s most successful investors. One hint – it’s not a 9 to 5 job. Rubenstein details the habits and strategies of managers like Ray Dalio, Ron Baron, Mary Erdoes, John Paulson and many more in book, “How to Invest: Masters on the Craft.” In this conversation from September 2022, Rubenstein tells Becky Quick and Melissa Lee his thoughts on the Fed’s aggressive rate-raising policy, his best investing ideas and what he thinks about America’s relationships around the world. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Severe winter weather is cause for canceling thousands of flights across the U.S. and delaying package delivery in the last days before Christmas.  But, one flight is guaranteed to have no problem taking off – Rear Admiral Daniel Cheever of the North American Aerospace Defense Command (NORAD) reassures Joe Kernen and Becky Quick that Santa Claus will continue his flawless record of clean departures from the North Pole. Justin Bieber is close to securing a $200 million deal for his publishing and recorded music rights – at age 28!  Jon Fortt takes a look at both sides of the argument for the Belieber legacy. Plus, Elon Musk hits pause on selling his shares of Tesla, Sam Bankman-Fried is free on bail, and Congress secures a $1.7 trillion funding deal hours before the holiday recess – averting a government shutdown.  Merry Christmas to our listeners! Track Santa’s Christmas Eve flight status: https://www.noradsanta.orgIn this episode:Jon Fortt, @jonforttBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkKatie 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.

Ukrainian President Volodymyr Zelenskyy addressed a joint session of Congress in his first trip abroad since the start of Russia’s war in his country. CNBC’s Kayla Tausche recaps his U.S. visit and his speech to lawmakers, during which he appealed for more military support. FTX founder Sam Bankman-Fried is officially back on American soil preparing for his time in court, and two of his former colleagues have already pleaded guilty to fraud. Appaloosa Management Founder and President David Tepper shares his latest portfolio plays in a rare extended interview. The billionaire hedge funder explains why he’s short on equities, short on bonds, and trusting global central banks to keep to their word on raising rates.  In this episode:Kayla Tausche, @kaylatauscheMacKenzie Sigalos, @KenzieSigalosBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkKatie 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.

As cold, Covid, and RSV season wears on, many pharmacy aisles have been picked clean by consumers. Former FDA Commissioner Dr. Scott Gottlieb explains the medicine shortage, suggesting it’s temporary. Also under the weather: airports! Airlines are bracing for mass cancellations and delays this holiday, but The Points Guy Brian Kelly has tips for holiday travelers taking on the country’s wild weather this week. Among the millions traveling this holiday week are Ukraine’s President Vladimir Zelenskyy, en route to the White House, and FTX founder Sam Bankman-Fried, out of Bahamian prison. Plus, CNBC’s Sharon Epperson unpacks America’s layoff worries and workplace happiness.  In this episode:Dr. Scott Gottlieb, @ScottGottliebMDBrian Kelly, @thepointsguySharon Epperson, @Sharon_EppersonBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkKatie 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 Bank of Japan shocked global economists with a tweak to its yield curve control policy, doubling the cap on 10-year treasury yields. Joe Kenen and Becky Quick discuss the implications for markets around the world. FTX founder Sam Bankman-Fried has agreed to extradition, so he’s headed from Bahamian prison to American courts. Former SEC lawyer and currently a financial defense attorney for Dickinson Wright Jacob Frenkel discusses the next steps and legal options for the disgraced crypto king. Netflix and chill season is underway, but Paramount Media President Chris McCarthy is confident in his own platform’s appeal to streamers. He discusses all Paramount+ offerings, but he avoids spoilers, don’t worry! Plus, 3M is making a manufacturing decision with human health in mind, and Ylan Mui reports on lawmakers pushing for a spending bill to avert a government shutdown.  In this episode:Jacob Frenkel, @jacob_frenkelYlan Mui, @ylanmuiBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

China has ended its zero-Covid policy, but the government’s data on virus spread there is widely regarded as unreliable. Member of the Council on Foreign Relations Michelle Caruso-Cabrera discusses the geopolitical sea-change underway, as economists await an economic slowdown in China. Another pivotal shift in the works: the Federal Reserve’s commitment to raising interest rates. Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, Cambridge, issues a warning to the Fed and investors worldwide. Plus, Elon Musk polled Twitter, asking whether he should resign as CEO. When the poll closed, users had voted for his resignation from Twitter; while Elon tweeted that he would abide by the results, no official announcements have been made. Loup founder and tech analyst Gene Munster explains why Tesla shareholders were optimistic on the news.   In this episode:Michelle Caruso-Cabrera @MCaruso_CabreraMohamed El-Erian @elerianmGene Munster: @munster_geneBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkKatie 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.

In the continuing FTX saga, the main characters in the soap opera are now at odds: FTX’s disgraced founder Sam Bankman-Fried, Changpeng Zhao of FTX rival Binance, and one of FTX’s investors/spokespeople: Shark Tank investor Kevin O’Leary. The venture capitalist discusses his testimony before the Senate and addresses CZ’s accusation that O’Leary lied to the public. Joe Kernen, Becky Quick, and Andrew Ross Sorkin question O’Leary and his investing judgment as pressure mounts from FTX users who lost money because they trusted the Shark’s endorsement.  In this episode: Kevin O’Leary, @kevinolearytvBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie 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.

In its latest effort to fight inflation, the Federal Reserve has raised interest rates half a point to the highest level in 15 years, but CNBC’s Steve Liesman explains why the markets have reacted poorly. As Wall Street and Washington digest the Capitol Hill hearings on the FTX collapse, the CEO of rival crypto exchange Binance assures investors, “We are financially strong.” Changpeng Zhao “CZ” addresses concerns that his platform is also at risk of liquidity issues, discussing crypto contagion and his own role in the FTX drama. Plus, cheers to the holiday season! Joe Kernen, Becky Quick, and Andrew Ross Sorkin are excited for their shopping–and their festive beverages.  In this episode:CZ, @cz_binanceSteve Liesman @SteveliesmanBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie 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.

Since Elon Musk took over Twitter, Tesla’s stock has suffered a slide. Former Twitter CEO Jack Dorsey is speaking out about his own experience leading the social media company; Joe Kernen, Becky Quick, and Andrew Ross Sorkin consider the tricky cocktail of leadership, moderation, and innovation that Twitter demands from its executives, and whether the strain on Tesla is fleeting. FTX founder Sam Bankman-Fried is in custody in the Bahamas, and CNBC’s Kate Rooney reports on what’s next for the bankrupt exchange and its former CEO. Rival crypto exchange Binance is under scrutiny as Wall Street and regulators await the next crypto domino to fall in the FTX fallout. Plus, after a difficult two years, airlines are profitable and surging. Delta CEO Ed Bastian discusses raising Delta’s financial guidance for the years and quarters ahead, as well as the long-awaited contract deal with Delta pilots.  In this episode:Ed Bastian, @DeltaKate Rooney, @Kr00neyBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie 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.