Squawk Pod

On the ground in Paris for the Olympics, Andrew Ross Sorkin gets a head start on interviews with the Games attendees, hours before the opening ceremonies on the Seine. Joe Kernen and Becky Quick, in New York until their trips to Paris over the weekend, discuss France’s millions of Olympics visitors and security concerns as the city fills up. Already there is Airbnb CEO Brian Chesky, who says hundreds of thousands of those visitors booked stays through his platform–including one lucky couple staying in the Musée d’Orsay. Also settled for the Games: IAC chairman Barry Diller. The media mogul and Democratic donor discusses why he stopped supporting President Biden’s reelection campaign and why he has full faith in Vice President Kamala Harris. Plus, a veteran media executive, Diller explains why he is no longer vying for Paramount Global. Tune into the Olympics on NBC for the opening ceremonies and all the Games!

Barry Diller - 05:48

Brian Chesky - 25:43

In this episode:

Brian Chesky, @bchesky

Becky Quick,@BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin,@andrewrsorkin

Katie Kramer,@Kramer_Katie

After the Nasdaq’s worst day in two years, Nasdaq CEO Adena Friedman discusses weathering market “adventures” and the slowly warming IPO market. If all the volatility has you stressed, CNBC’s Sharon Epperson has you covered with advice from financial therapists. Southwest Airlines is making its biggest change in company history. CNBC’s Phil LeBeau reports on the carrier’s new venture into assigned seats and extra legroom, after years of a consistent business strategy. Plus, Chipotle will re-coach staff on portion sizes after much online burrito bowl debate, and Change Research Lead Analyst Betsy App has new polling from voters re-energized by a changed Democratic ticket. 

Phil LeBeau - 10:54

Betsy App - 19:44

Adena Friedman - 27:29

Sharon Epperson - 35:00

In this episode:

Sharon Epperson, @Sharon_Epperson

Phil LeBeau, @Lebeaucarnews

Becky Quick,@BeckyQuick

Joe Kernen, @JoeSquawk

Katie Kramer,@Kramer_Katie

Israeli Prime Minister Benjamin Netanyahu is headed to Congress today. “The Genius of Israel” co-author Dan Senor discusses the geopolitics at play in the leader's US visit, as well as the politics of who’s attending the speech. In the aftermath of the largest IT outage in history, Rand senior analyst Jonathan Welburn is asking whether CrowdStrike–and other big tech firms–are too big to fail. Plus, Alphabet’s YouTube ad revenue came up short in the latest quarter, Visa reported a rare miss on revenues, Elon Musk is denying a report that he’d be donating $45m a month to former President Trump’s election campaign, and the Biden administration scored a tentative win in its efforts to ban non-competes.

Dan Senor - 13:39

Jonathan Welburn - 25:53

In this episode:

Dan Senor, @dansenor

Becky Quick,@BeckyQuick

Joe Kernen, @JoeSquawk

Cameron Costa, @CameronCostaNY

Vice President Kamala Harris appears to have won the backing of enough Democratic delegates for the nomination. PIMCO’s Head of US Public Policy Libby Cantrill explains what Harris’s endorsements mean for investors. Movie theater chain AMC has reached a debt refinancing deal, and CEO Adam Aron explains the deal, as well as the box office pipeline and keeping up the Taylor Swift Eras Tour momentum. Plus, Delta is still struggling to recover from the IT outage of last week, and Warner Bros. Discovery is making its pitch for NBA rights. 

Libby Cantrill 13:45

Adam Aron 24:28

In this episode: 

Adam Aron, @CEOAdam

Becky Quick,@BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin,@andrewrsorkin

Katie Kramer,@Kramer_Katie

After President Biden ended his re-election bid, he endorsed Vice President Kamala Harris. CNBC’s Eamon Javers reports on VP Harris’s spike in donations over the weekend, as well as the road toward the Democratic National Convention in August. While some Democrats have already endorsed VP Harris, former President Barack Obama and former Speaker Nancy Pelosi have not, which leaves the door open for other candidates vying for the nomination. Axios’s Mike Allen explains the other candidates who could come forward. Venture capitalist Vinod Khosla is an independent who hosted a Biden fundraiser in May; today, he’s calling for an open convention, but will support VP Harris if she wins the nomination. For Khosla, values are at stake this election, and more important than economic issues. Plus, Warren Buffett’s Berkshire Hathaway has sold $1.5B worth of Bank of America stock, and Delta is still recovering from the largest IT outage in history. 

Eamon Javers 2:07

Mike Allen 16:30 

Vinod Khosla 29:57

In this episode:

Vinod Khosla, @vkhosla

Mike Allen, @mikeallen

Eamon Javers, @eamonjavers

Becky Quick,@BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin,@andrewrsorkin

Katie Kramer,@Kramer_Katie

One of the largest IT outages in history started with a software update from cyber security firm Crowdstrike. Around the world, hospitals, businesses, news networks (including NBC) were affected when the update rolled out and crashed Microsoft Windows. CNBC’s Phil LeBeau reports from the airport in Wales, where many flights were grounded as airlines grappled with the outage. CNBC’s Steve Kovach explains how one company’s mistake can bring down millions of systems, and Wedbush analyst Dan Ives explains what’s next for the tech sector. The other headline this Friday: Donald Trump has accepted the Republican nomination for President for the third time. CNBC’s Eamon Javers reports from the Republican National Convention on the increasing pressure on President Biden, and pollster Frank Luntz explains the mixed reactions to Donald Trump’s 93 minute speech.

Phil LeBeau 4:24

Eamon Javers 6:01

Steve Kovach 14:02

Dan Ives 20:13

Frank Luntz 29:07

In this episode:

Dan Ives, @DivesTech

Frank Luntz, @FrankLuntz

Eamon Javers, @eamonjavers

Phil LeBeau, @Lebeaucarnews

Becky Quick,@BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin,@andrewrsorkin

Katie Kramer,@Kramer_Katie

JD Vance made his first speech as Donald Trump’s VP pick at the Republican National Convention; CNBC’s Eamon Javers reports on Senator Vance’s reception at the RNC in Milwaukee, and former SEC Chair Jay Clayton explains how Vance’s new economic conservatism works–or doesn’t work–with the Republican preference for Reaganomics. Meanwhile, President Joe Biden has tested positive for Covid-19, but he’s still campaigning. Plus, ChatGPT scored a 98% on a medical exam that most first year residents score a 70% on. Former FDA Commissioner Dr. Scott Gottlieb says, some AI LLMs are good at providing differential diagnoses when presented with detailed lab results. 

Eamon Javers - 07:30

Jay Clayton - 16:56

Dr. Scott Gottlieb - 31:04

In this episode:

Eamon Javers, @eamonjavers

Scott Gottlieb, @ScottGottliebMD

Becky Quick,@BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin,@andrewrsorkin

Katie Kramer,@Kramer_Katie

Silicon Valley support is growing for Donald Trump; Marc Andreessen, Ben Horowitz, Peter Thiel, and Elon Musk have each endorsed the Republican nominee, and The Information founder Jessica Lessin says, it might be part of a more widespread shift in tech. Plus, former President Trump is floating ideas for possible cabinet members (like Jamie Dimon for Treasury Secretary), and he’s weighing the risk of dismissing Fed Chair Jay Powell before the end of Powell’s term. One of Powell’s former colleagues, former Boston Fed President Eric Rosengren, discusses the difference between both candidates’ rhetoric and policy, as well as what it means for monetary policy. Plus, President Biden is weighing a Supreme Court overhaul, Elon Musk is moving SpaceX HQ to Texas, and Spirit Airlines is under pressure.

Jessica Lessin - 16:37

Eric Rosengren - 27:24

In this episode:

Jessica Lessin, @Jessicalessin

Becky Quick,@BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin,@andrewrsorkin

Katie Kramer,@Kramer_Katie

Republican Nominee Donald Trump has named his pick for VP: Ohio Senator JD Vance. It’s a pivotal choice for the GOP, reports CNBC’s Eamon Javers, who is in Milwaukee for the Republican National Convention. Vance represents a new era for the conservative party, one of populist economics. Oren Cass, executive director of populist thinktank American Compass, is one of the movement’s leaders; Cass explains his conservative economics and the symbolism of JD Vance on the 2024 Republican ticket. Venture capitalist Bradley Tusk explains how populism plays out on social media, as well as the role of internet rhetoric in today’s political climate. Plus, Elon Musk has made an endorsement–but Teamsters has not. And Fed Chair Jay Powell is still aiming for a 2% inflation rate, but it’s complicated. 

Eamon Javers - 13:53

Oren Cass - 16:46

Bradley Tusk - 24:55

In this episode:

Oren Cass, @oren_cass

Eamon Javers, @eamonjavers

Becky Quick,@BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin,@andrewrsorkin

Katie Kramer,@Kramer_Katie

The GOP kicks off the Republican National Convention today in Milwaukee, days after the attempted assassination of former President Donald Trump. CNBC’s Eamon Javers reports on the security at the RNC and the latest information on the 20-year-old gunman. Republican Pennsylvania Senate Candidate David McCormick was in the front row of the Butler, PA campaign rally; he recounts the confused moments of the shooting and highlights America’s polarized political rhetoric as a factor in the violence. On both sides of the aisle, lawmakers are calling for civility and peace in a highly charged political environment. After President Biden’s Oval Office address, Biden Campaign co-chair Senator Chris Coons (D-Del.) condemns violence and hostile speech.

Eamon Javers - 2:11

David McCormick - 13:29

Sen. Chris Coons - 29:51

In this episode:

Eamon Javers, @eamonjavers

David McCormick, @DaveMcCormickPA

Chris Coons, @ChrisCoons

Becky Quick,@BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin,@andrewrsorkin

Cameron Costa, @CameronCostaNY