Stocks fell sharply Thursday and erased large gains seen in the previous session after the Federal Reserve raised rates by half a point. CNBC’s Steve Liesman breaks down the Federal Reserve’s move – and his role in the initial relief rally. Tesla CEO Elon Musk has lined up additional funding for his takeover of social media giant Twitter, according to a new filing. Meanwhile Bill Gates has warned that Elon Musk could make Twitter “worse” after Musk accused him of shorting Tesla stock last month. Facebook parent Meta is slowing the pace of hiring as it reckons with its weakest revenue growth on record and ongoing business challenges, such as Apple’s privacy changes and the war in Ukraine. Glenn Fogel, president and CEO of Booking Holdings, breaks down the company’s latest quarterly earnings report and summer travel demand. Plus, happy Cinco de Mayo!

In this episode:
Steve Liesman, @steveliesman
Glenn Fogel, @BookingHoldings
Andrew Ross Sorkin, @andrewrsorkin
Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick
Katie Kramer, @Kramer_Katie

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Uber reported surging revenue during the first quarter as the ride-hailing company said it’s recovering from its coronavirus lows and wouldn’t have to put up “significant” investments to keep drivers on the platform. CNBC’s Deirdre Bosa reported on Uber and Lyft's latest first-quarter earnings report. John Zimmer, president and co-founder of Lyft, also discussed the ride-hailing company’s latest quarterly earnings report and broke down how high gas prices are impacting the company and high-cost driver incentives. Elon Musk has told potential Twitter investors that he can return the social media company to public ownership in as little as three years after buying it, according to the Wall Street Journal. Gary Vaynerchuk, founder and creator of VeeFriends, discusses his outlook for the future of nonfungible tokens, or NFTs. Plus, streaming platform Roku is angling to buy a piece of Starz in a bid with Apollo Global Management. 

In this episode:
John Zimmer, @johnzimmer
Gary Vaynerchuk, @garyvee
Deirdre Bosa, @dee_bosa
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.

Legendary investor Paul Tudor Jones, CIO at Tudor Investments, discusses the Robin Hood Foundation’s annual benefit to fight poverty in New York City, markets, the Federal Reserve and more. Jones says he “can’t think of a worse environment than where we are right now for financial assets.” Employees at an Amazon warehouse on Staten Island overwhelmingly rejected a unionization effort, a significant victory for the e-retailer a month after a nearby fulfillment center became the first in the country to vote to join a union. A leaked draft of a Supreme Court opinion that would overturn a half-century of abortion rights triggered shock waves in Washington. Plus, Campari sales jumped in the first three months of the year -- as Joe Kernen dreams of an Aperol spritz in the sun.

In this episode:
Paul Tudor Jones, @ptj_official
Andrew Ross Sorkin, @andrewrsorkin
Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick
Katie Kramer, @Kramer_Katie

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Becky Quick highlights the biggest takeaways from the first in-person Berkshire Hathaway Annual Shareholders Meeting since 2019. At what’s affectionately nicknamed the “Woodstock for Capitalists,” Warren Buffett and Charlie Munger answered hours of shareholder questions about their $40 billion March buying spree, inflation, bitcoin, and why the Robinhood trading app is justly ‘unraveling’. Among the guests at the meeting: actor and comedian Bill Murray, who is also a Berkshire shareholder. In a candid interview with Becky Quick and Mike Santoli, Murray spoke for the first time about the complaints of inappropriate behavior on the set of the movie, ‘Being Mortal,’ and its subsequent pause in production. He reflects on the evolution of his own comedy and on life lessons in perpetual learning from Buffett and Munger. For the full live stream of the Berkshire Hathaway Annual Meeting, exclusively available on CNBC, watch all 6 hours, here: https://www.cnbc.com/brklive22/. 

In this episode:
Mike Santoli, @michaelsantoli
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.

Amazon shares fell as much as 12% after the company gave revenue outlook for the current quarter that fell short of Wall Street’s estimates. It could mark Amazon’s worst day since January 2014 if the losses hold through the close. Apple shares also dipped after management said supply chain constraints could hinder fiscal third-quarter revenue. Toni Sacconaghi, Bernstein senior research analyst, reacts to Apple’s latest quarterly earnings report. Brooks Running CEO Jim Weber joins Becky Quick in Omaha ahead of Berkshire Hathaway’s annual meeting to break down how the company is navigating supply chain woes and more. For exclusive coverage of the 2022 Berkshire Hathaway Annual Shareholders Meeting, with appearances from Bill Murray, Jimmy Buffett, and the Oracle of Omaha himself, tune into CNBC.com Saturday, at 9:45 am ET: https://www.cnbc.com/brklive22/. 

In this episode:
Jim Weber, @brooksrunning
Andrew Ross Sorkin, @andrewrsorkin
Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Cameron Costa, @CameronCostaNY

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

Ford is cutting 580 U.S. salaried and contract employees as it restructures to focus on EVs. The automaker also reported a net loss of $3.1 billion in the first quarter, largely due the loss in value of a 12% stake in electric vehicle start-up Rivian Automotive. Facebook parent Meta surged 15% after the company reported better-than-expected profit in the first quarter. Rich Greenfield, LightShed Partners co-founder, breaks down how the platform is evolving, and how Mark Zuckerberg’s attitude has shifted. Archegos founder Bill Hwang is free on bail after being formally charged over accusations of a massive stock market fraud. Elon Musk’s bid for Twitter remains contentious, particularly among employees; Alan Guarino, Korn Ferry vice chairman, Tsedal Neeley, Harvard Business School professor, and CNBC’s Jon Fortt discuss Elon Musk’s recent tweet criticizing Twitter’s top lawyer, and whether Musk’s leadership style will drive current Twitter employees away. As a reminder, you can watch Berkshire Hathaway’s annual shareholders meeting on April 30 on CNBC.com! The Omaha, Nebraska, event gives shareholders a chance to hear Buffett and Munger discuss investing and their economic and life outlooks.

In this episode:
Jon Fortt, @jonfortt
Tsedal Neeley, @tsedal
Rich Greenfield, @RichLightShed
Andrew Ross Sorkin, @andrewrsorkin
Joe Kernen, @JoeSquawk
Cameron Costa, @CameronCostaNY

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U.S. stocks rose in volatile trading today after the Nasdaq Composite closed yesterday at a new low for the year, attempting to rebound from a tech-led sell-off in April. Archegos Capital Management’s owner, Bill Hwang, and its former chief financial officer, Patrick Halligan, were arrested today in connection with the implosion of the family office last year. The men are being charged with racketeering conspiracy, securities fraud and wire fraud, according to a statement from the U.S. district court. Companies including Texas Instruments and Deutsche Bank are out with new warnings about the potential impact of the Covid outbreak in China. CNBC’s Eunice Yoon reports Beijing is currently winding down its city wide testing and Shanghai is expected to lift the lockdown measures. Meanwhile, former FDA commissioner and CNBC contributor, Scott Gottlieb, says China does not have a Covid endgame and will see rolling lockdowns for the “foreseeable future”.

In this episode:
Eunice Yoon, @onlyyoontv
Scott Gottlieb, @ScottGottliebMD
Andrew Ross Sorkin, @andrewrsorkin
Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick
Cameron Costa, @CameronCostaNY

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

Twitter has accepted Elon Musk’s $44B buyout deal. Musk, adamant that Twitter champions free speech, will take the company private. Anti-Defamation League CEO Jonathan Greenblatt discusses what Musk’s idea of free speech means for a safe, productive virtual town square, and investor Kevin O’Leary shares why this move might bring many former Twitter users back to the platform. One noticeably absent former Twitter user: Donald Trump. According to our own Joe Kernen’s conversation with the former President, Trump won’t be among the tweeters returning to the fold under Elon’s watch. Plus, Fidelity will now allow bitcoin in your 401(k). 

In this episode:

Jonathan Greenblatt, @JGreenblattADL

Kevin O’Leary, @kevinolearytv

Andrew Ross Sorkin, @andrewrsorkin
Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick
Katie Kramer, @Kramer_Katie

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In France, President Macron is celebrating victory, American diplomats will return to Ukraine, and all across the globe, markets are under pressure. In Washington, DC, the Biden administration is working to get more Democrats on board for the President’s tax plan; White House Council of Economic Advisors member Jared Bernstein defends different aspects of the wealth tax, the current voting breakdown, and the dynamic between America’s tight labor market and its inflation. Twitter shares jumped on reports the company is nearing a deal with Elon Musk that could be announced as soon as Monday. Former SEC Chairman Jay Clayton weighs in on Musk’s Twitter takeover bid and Wall Street’s concerns. 

In this episode:
Jared Bernstein, @econjared
Andrew Ross Sorkin, @andrewrsorkin
Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick
Katie Kramer, @Kramer_Katie

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The streaming wars have left big players with some battle scars: Netflix is recovering from a rough year so far, and CNN+ is no more. Axios media reporter Sara Fischer and The Wall Street Journal’s Joanna Stern discuss what went wrong for the service, and why Warner Bros. Discovery has opted to shut it down. Political strategist and pollster Frank Luntz discusses America’s complicated response to corporations getting involved in politics, as Disney finds itself on the outs with Florida’s lawmakers. Plus, Elon Musk is still trying to scrounge up the funds to buy Twitter. 

In this episode:

Joanna Stern, @JoannaStern

Sara Fischer, @sarafischer

Frank Luntz, @FrankLuntz

Andrew Ross Sorkin, @andrewrsorkin
Joe Kernen, @JoeSquawk

Cameron Costa, @CameronCostaNY

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