Squawk Pod

FTX founder Sam Bankman-Fried was arrested by Bahamian authorities Monday evening, setting the stage for extradition and U.S. trial for the one-time crypto billionaire at the heart of the crypto exchange’s collapse. Before his arrest was announced, Bankman-Fried had been expected to testify virtually before the House Financial Services Committee today, but his attorneys told CNBC that he will not appear. Joe Kernen, Becky Quick, and Andrew Ross Sorkin discuss the charges of wire fraud, securities fraud, commodities fraud, and money laundering that face Sam Bankman-Fried. Plus, Moderna and Merck have been developing an experimental cancer vaccine that leverages mRNA technology to target melanoma. In a mid stage trial, the vaccine cut recurrence by 44%; Moderna CEO Stéphane Bancel outlines how the company is working with regulators for accelerated approval.In this episode:Stéphane Bancel, @moderna_txBecky 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.

It’s a big week for Wall Street! Investors await the Congressional hearings on FTX’s collapse, the Federal Reserve’s next decision on interest rates and the U.S. Bureau of Labor Statistics’ latest inflation data. Ahead of the consumer price index report, White House economist Heather Boushey discusses President Biden’s focus on clean energy, American manufacturing, and the U.S. labor market. As investors brace for testimony from disgraced FTX founder Sam Bankman-Fried, former SEC Chairman Jay Clayton considers what SBF will say to Congress and how he will excuse the leadership that prompted a collapse in crypto. SBF owes money to investors, shareholders, and even Jimmy Buffett, who’s still waiting on SBF’s team’s $55,000 Margaritaville bill. Plus, Twitter is relaunching Twitter Blue (for a higher fee). In this episode:Heather Boushey, @hboushey46Becky 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 a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are in Washington, D.C. for the annual Business Roundtable meeting, speaking with Raytheon Technologies CEO Greg Hayes. In a conversation exclusive to CNBC, Hayes discusses Raytheon’s $1.2B Pentagon contract for missiles in Ukraine, as well as the other defense technology the U.S. provides in Ukraine and other warzones. As CEO of one of the world’s largest aerospace and defense contractors, Hayes considers how changes to the U.S. tax code could spur more domestic innovation.   In this episode:Becky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Diabetes drug Ozempic has appealed to celebrities and influencers seeking weight loss, and the pharmaceutical “diet” is riding a TikTok, Twitter, and Instagram wave. Former FDA Commissioner Dr. Scott Gottlieb says, while it may be effective for some, the risks and side effects could be more likely in patients taking it off-label. The ‘Twitter Files’ saga continues, as more internal documents from the social media platform emerge publicly. Representative Ro Khanna (D-CA) addresses the next steps for regulating tech and Sam Bankman-Fried’s decision to testify at FTX’s upcoming hearing. Plus, Amazon has launched a TikTok-style feed of content, Arizona Senator Kyrsten Sinema is leaving the Democratic Party to become Independent, and pet-owners are pushing Chewy’s stock higher.  In this episode:Scott Gottlieb @ScottGottliebMDRo Khanna @RoKhannaBecky 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 a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are in Washington, D.C. for the annual Business Roundtable meeting, speaking with United Airlines CEO Scott Kirby. In a conversation exclusive to CNBC, Kirby breaks down his expectations for travel amid the possibility of an economic slowdown. Kirby also weighs in on contract negotiations with labor unions and more. In this episode:Scott Kirby, @unitedBecky 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 the wake of the FTX fiasco and all the crypto damage that accompanied it, Wall Street and Main Street are demanding answers from the man behind it all, Sam Bankman-Fried, and the investors that helped prop up his faulty business. Venture capitalist, Shark Tank investor, and co-host of Money Court Kevin O’Leary took an equity stake in the business and became a spokesperson for the now-bankrupt FTX, but today, he admits that he and his fellow investors made a mistake. Joe Kernen, Becky Quick, and Andrew Ross Sorkin ask O’Leary about his due diligence practices for investments, and Mr. Wonderful details his most recent conversation with former FTX CEO SBF in an attempt to find the millions that have gone missing.. Plus, WNBA star Brittney Griner has been released from Russian prison, China is deciding between two risky Covid-policy options, and Salesforce CEO Marc Benioff has split with another co-chief executive, raising questions about the leadership tension in the “cloud.” 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 a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are in Washington, D.C. for the annual Business Roundtable meeting, speaking with Walmart CEO Doug McMillon. For 50 years, the BRT has represented the CEOs of America’s biggest companies, pushing for U.S. competitiveness and economic growth. In a conversation exclusive to CNBC, CEO of the nation’s largest retailer and largest employer (next to the federal government), discusses the pressures on American consumers this holiday, rising wages, and the road ahead for the American economy.   In this episode:Becky 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.

Sports merchandising and betting giant Fanatics has closed yet another round of private financing, bumping the unicorn up to a $31 billion valuation. CEO Michael Rubin discusses his company’s long road to a public listing, the consumer’s appetite for holiday shopping, and his plans for his burgeoning betting business. Plus, the billionaire explains his decision to sell his stake in the 76ers. In other sports news, Aaron Judge is staying with the New York Yankees, for a cool $360 million. Plus, China is easing its zero-Covid policy, Senator Raphael Warnock (D-GA) has emerged victorious in the Georgia runoff, and the world’s largest asset manager Blackrock is facing accusations of hypocrisy from an activist investor.  In this episode:Michael Rubin, @michaelrubinBecky 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 a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are in Washington, D.C. for the annual Business Roundtable meeting, speaking with General Motors CEO Mary Barra. For 50 years, the BRT has represented the CEOs of America’s biggest companies, pushing for U.S. competitiveness and economic growth. In a conversation exclusive to CNBC, Mary Barra, head of one of America’s most iconic automakers, discusses the risks facing her business and the American economy, including supply chain squeezes, electric vehicle supply and production, and shifting consumer demand. Record date: 12/6/22. In this episode:Mary Barra, @mtbarraBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are in Washington, D.C. for the annual Business Roundtable meeting, speaking with JPMorgan Chase CEO Jamie Dimon. For 50 years, the BRT has represented the CEOs of America’s biggest companies, pushing for U.S. competitiveness and economic growth. This year, Jamie Dimon, CEO of the nation’s largest bank and head of over 250,000 employees, discusses the evolution of corporate responsibility, the risks of a global recession, and the Fed’s path out of inflation in an interview exclusive to CNBC.  In this episode:Becky 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.