UFC parent Endeavor is taking a majority stake in World Wrestling Entertainment, spinning off UFC and WWE into a new company. CNBC’s Alex Sherman, who broke the story over the weekend, discusses the many colorful characters in the new boardroom, and what’s next in streaming and scripted entertainment. Sen. Joe Manchin (D-WV) discusses the Inflation Reduction Act, U.S. deficit, and pushing for a “reasonable, responsible” middleground. Plus, OPEC is cutting oil output, in a surprise announcement, McDonald’s is preparing to lay off corporate workers, and Starbucks is at odds with the labor unions–again. 

In this episode:
Senator Joe Manchin, @Sen_JoeManchin
Alex Sherman, @sherman4949
Andrew Ross Sorkin, @andrewrsorkin
Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick

Cameron Costa, @CameronCostaNY