The S&P 500 is on the brink of a bear market. Wednesday, the Dow fell more than 1,100 points, marking its worst sell-off in nearly two years. The S&P 500 also suffered its worst one-day decline since June 2020, and the Nasdaq Composite fell 4.7%. Those losses were driven in part by disappointing back-to-back quarterly reports from Target and Walmart that showed higher fuel costs and restrained consumer demand. Target CEO Brian Cornell reacts to the company’s first-quarter earnings report and breaks down how consumer spending has shifted as the economy moves beyond the Covid-19 pandemic. Plus, Jan Kniffen, JRK Worldwide CEO, and Aneesha Sherman, senior analyst covering apparel and specialty retail at Bernstein, react to a handful of retail earnings released this week.

In this episode:
Brian Cornell, @Target
Jan Kniffen, @JRogersK
Joe Kernen, @JoeSquawk
Andrew Ross Sorkin, @andrewrsorkin

Becky Quick, @BeckyQuick

Cameron Costa, @CameronCostaNY

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In his first interview since the $43 billion dollar media merger, Warner Brothers Discovery CEO David Zaslav shares the company’s plan to combine HBO Max and Discovery into one streaming platform. Zaslav also discusses what prompted the company’s decision to shutter CNN+ shortly after its launch. Redpoint Ventures founding partner Geoff Yang, who invested early in Netflix, DraftKings, Twilio, and Snowflake, breaks down tech valuations as stocks in the sector come under pressure. Plus, Lowe’s missed Wall Street’s sales expectations for its first quarter, as cooler spring weather hurt demand for supplies for outdoor do-it-yourself projects.

In this episode:
David Zaslav, @wbd
Geoff Yang, @geoff_yang
Joe Kernen, @JoeSquawk
Andrew Ross Sorkin, @andrewrsorkin

Becky Quick, @BeckyQuick

Cameron Costa, @CameronCostaNY

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A new SEC filing reveals Elon Musk’s original plan to join Twitter’s board, and to later abandon that plan in favor of a takeover. Transportation Sec. Pete Buttigieg reacts to JetBlue’s hostile takeover bid for Spirit Airlines and Jeff Bezos’s pointed tweets at President Biden’s economic agenda. Plus, Intel shareholders voted against the company’s compensation for its top executives, sending a signal that some Intel investors are closely watching the performance of CEO Pat Gelsinger and the progress of his turnaround plan for the chip giant.

In this episode:
Pete Buttigieg, @SecretaryPete
Brian Sullivan, @SullyCNBC
Andrew Ross Sorkin, @andrewrsorkin

Becky Quick, @BeckyQuick

Cameron Costa, @CameronCostaNY

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Former Chair of the Federal Reserve Ben Bernanke weighs in on the US economic recovery from Covid-19, the likelihood of an impending recession, and the Fed’s strategy to combat inflation. In an extended, exclusive interview with Andrew Ross Sorkin, Bernanke explains how he uses history to inform his perspective on today’s economy in his new book, “21st Century Monetary Policy: The Federal Reserve from the Great Inflation to Covid-19.” Bernanke shares his thoughts on bitcoin and on climate-conscious investments as inflation and oil prices around the world remain high. 

In this episode:

Andrew Ross Sorkin, @andrewrsorkin

Becky Quick, @BeckyQuick

Katie Kramer, @Kramer_Katie

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Elon Musk announced today that his Twitter deal is on hold “temporarily” until he receives more information about how many fake accounts exist on the social media platform. In a follow-up tweet a few hours later, Musk added that he was “still committed to the acquisition.” Wedbush’s Dan Ives discusses the implications of the tweet and the future of the deal. Coinbase shares hit a new 52-week low on Thursday after reporting revenue that fell 27% from a year ago. Coinbase CFO Alesia Haas addressed these concerns with Andrew Ross Sorkin in a wide ranging interview – Squawk Pod is where you’ll hear their full conversation. They discussed the bankruptcy disclosure the company released this week and a major outage yesterday that kept users unable to trade during the worst of the market sell-off. Plus, check out the podcast Monday for an exclusive interview with Former Fed Chair Ben Bernanke! He shares his perspective on the Fed’s latest rate hike, inflation, crypto & more.

In this episode:
Alesia Haas, @coinbase
Dan Ives, @DivesTech
Andrew Ross Sorkin, @andrewrsorkin
Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick
Zach Vallese, @zachvallese

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Bitcoin fell to its lowest in 16 months today, leading a rush out of risk assets, while the collapse of TerraUSD, a so-called stablecoin, underscored the strain on cryptocurrency markets. Bitcoin, the world’s largest cryptocurrency, has lost a third of its value in the last eight sessions. Disney reported stronger-than-expected growth in streaming subscribers across all of its media platforms, but the stock fell today after the company warned it’s still seeing the impact of Covid on its theme parks in Asia. Puck’s Matthew Belloni and Tom Rogers, Engine Media executive chairman and founder of CNBC, react to Disney’s latest quarterly earnings report and the streaming wars. CNBC’s Robert Frank reports how several corporate insiders and executives managed to avoid the tech wreck with big payouts. WeWork’s first-quarter loss narrowed sharply as gross desk sales reached pre pandemic levels with the gradual return of employees in the U.S. to in-person work. Plus, Beyond Meat shares tumbled after it’s jerky launch leads to wider-than-expected losses.

In this episode:
Matthew Belloni, @MattBelloni
Robert Frank, @robtfrank
Andrew Ross Sorkin, @andrewrsorkin
Joe Kernen, @JoeSquawk 

Becky Quick, @BeckyQuick
Zach Vallese, @zachvallese

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Inflation rose again in April, continuing a climb that has pushed consumers to the brink and is threatening the economic expansion. The consumer price index accelerated 8.3% in April, more than the 8.1% estimate and near the highest level in more than 40 years. Bitcoin dropped below $30,000 for the second time this week before turning positive as the hot inflation report causes investors to shun risky assets. Purdue University President, Mitch Daniels, former OMB director and former governor of Indiana, discusses the opportunities facing new college graduates amid the U.S.’s tight labor market. Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, breaks down China’s pandemic response and rising Covid cases in the Northeast. Plus, job cuts at Carvana and Got Milk? Starbucks is under fire from actor James Cromwell for charging its customers extra for vegan milk. That won’t do, Starbucks, that won’t do.

In this episode:
Mitch Daniels, @purduemitch
Scott Gottlieb, @ScottGottliebMD
Andrew Ross Sorkin, @andrewrsorkin
Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick
Katie Kramer, @Kramer_Katie

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The technology sector attempted a comeback today after suffering some of the biggest losses in recent weeks. Tim Armstrong, founder and CEO of tech startup Flowcode and former CEO and chairman of AOL, discusses the latest tech sell-off. Shares of Peloton Interactive plummeted 15% after reporting a wider-than-expected loss in the recent quarter. AMC Entertainment posted a narrower-than-expected loss during the first quarter. CNBC’s Robert Frank reports Andy Warhol’s 1964 portrait of Marilyn Monroe sold for $195 million at Christie's - the second-most expensive piece of art ever auctioned. Plus, turn off your toilet heaters! CNBC’s Brian Sullivan reports a few tips the Japanese government has for conserving energy as global demand continues to outstrip supply.

In this episode:
Tim Armstrong, @tim_armstrong
Robert Frank, @robtfrank
Brian Sullivan, @SullyCNBC
Andrew Ross Sorkin, @andrewrsorkin
Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick
Katie Kramer, @Kramer_Katie

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The S&P 500 is at a fresh 52-week low as the market sell-off continues. Minneapolis Federal Reserve President Neel Kashkari says he’s confident inflation will come back to normal - though it’s taking longer than he expected. His comments come less than a week after the FOMC raised benchmark rates by half a percentage point. The 50-basis-point hike was the largest increase in 22 years and sets the stage for a series of similar-sized moves in the months ahead. Alexis Ohanian, Reddit co-founder and Seven Seven Six founder, breaks down opportunities in the public and private tech sector. Plus, Uber plans to slash spending on marketing and incentives and Dr. Strange ushers in the Summer box office season.

In this episode:
Neel Kashkari, @neelkashkari@MinneapolisFed
Alexis Ohanian, @alexisohanian
Andrew Ross Sorkin, @andrewrsorkin
Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick
Zach Vallese, @zachvallese

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April’s job growth was strong and wage gains were solid, yet for some reason fewer Americans were working or looking for jobs than in March. Saira Malik, chief investment officer for Nuveen, Nela Richardson, chief economist at ADP, Austan Goolsbee, former CEA chairman and Booth School of Business professor, and Georgetown University’s Nada Eissa react to the better-than-expected April jobs report. Peloton is targeting potential investors, including industry players and private equity firms, to take a stake in its business of around 15% to 20% according to The Wall Street Journal. Galaxy Digital CEO Mike Novogratz discussed the recent market sell-off, and the future of crypto. Plus, Boeing exits Chicago and Spotify makes a $50 Million investment after shares hit a record low.

In this episode:
Mike Novogratz, @novogratz
Nela Richardson, @NelaRichardson
Austan Goolsbee, @Austan_Goolsbee
Andrew Ross Sorkin, @andrewrsorkin
Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick
Katie 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.