The Biden Administration, railroad companies and labor unions are sharing credit for averting a potentially expensive strike. Transportation Secretary Pete Buttigieg discusses the close call, as well as the shadow persistent inflation cast on the negotiations and on the White House’s efforts to celebrate recent legislative wins.  The stock markets were headed toward another down week as corporate leaders sound alarm bells for a potential recession.  FedEx CEO Raj Subramaniam told CNBC the company is aggressively cutting costs following weaker global shipping volumes and that economic conditions are so weak we could be headed right into a global recession. That follows the conversation Joe Kernen, Becky Quick and Andrew Ross Sorkin had yesterday with investor Barry Sternlicht, who also had a grim warning. Plus, Patagonia’s founder says goodbye to the billionaire’s list, Amazon kicks off its NFL coverage and a record set for a jersey Michael Jordan wore to his “Last Dance.”

In this episode: 

Pete Buttigieg: @SecretaryPete

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer: @Kramer_Katie

In an extended interview, Starwood Capital Chairman and CEO Barry Sternlicht warns that the economy is slowing, and considers what August’s hot inflation data could mean for the Federal Reserve’s next rate hike decision. The real estate mogul and investor discusses the current labor market, including wage pressures on the economy and the corporate push to return to in-person offices. Plus, in an eleventh hour deal, the Biden administration negotiated a stop to the planned railroad strike. 

In this episode:

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer: @Kramer_Katie

Markets have their worst day since June 2020 following worse than expected inflation data.  Squawk Box anchors Joe Kernen, Becky Quick and Andrew Ross Sorkin hit the impact of inflation on investors, the housing market, and the outlook for the Fed’s next interest rate decision.  Members of Congress can buy and sell stocks with few restrictions, The New York Times’ Kate Kelly reports on the paper’s exhaustive analysis of lawmakers and their family members’ trades.

Plus, Twitter’s whistleblower Peiter Zatko tells the Senate Judiciary Committee about security flaws he saw at the social media company and Softbank is considering raising a third “Vision Fund”

Kate Kelly @katekelly

Eamon Javers @EamonJavers

Diana Olick @DianaOlick

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Zach Vallese, @ZachVallese

Inflation in August rose more than economists were expecting, and the markets are reacting poorly. CNBC’s Steve Liesman, former Acting CEA Chair Tyler Goodspeed, and JPMorgan’s Meera Pandit discuss the repercussions of this data for the Fed’s next rate hikes and the labor market, in September and beyond. Millions of Americans are headed back to in-office work this week, and Walter Isaacson says, it’s about time. The Tulane professor discusses the shift in employer-employee negotiations. Isaacson is also in the middle of writing an Elon Musk biography; he compares this brilliant mind with other brilliant minds, contemporary and historical. He, Joe Kernen, Becky Quick, and Andrew Ross Sorkin consider how the Twitter whistleblower’s testimony will affect Elon Musk’s deal to buy the platform–or rather, his effort to get out of it. Plus, negotiators are trying to avoid a railroad strike. 

In this episode:

Walter Isaacson, @WalterIsaacson

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Steve Liesman, @SteveLiesman

Zach Vallese, @ZachVallese

77% mass shootings in America were committed with guns bought legally, the majority with credit cards. Four years ago in columns for The New York Times, Andrew Ross Sorkin suggested that credit card companies have the power to help spot dangerous patterns in U.S. firearms sales by categorizing gun purchases the same way retailers categorize transactions at hair salons, and movie theaters. Earlier this year Amalgamated Bank, a union-owned U.S. bank driven by social responsibility, proposed that financial institutions use a new merchant code specifically for guns; now, CEO Priscilla Sims Brown discusses the proposal’s success and the decision from Mastercard and Visa to implement that code. Plus, President Biden is looking to curb U.S. chip shipments to China even further, and billionaire activist investor Dan Loeb has changed his mind about Disney–ESPN should stay. 

In this episode: 

Priscilla Sims Brown, @AmalgamatedBank

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer: @Kramer_Katie

In Ohio, Intel is breaking ground at the sites of its two new semiconductor factories, marking a major shift in American manufacturing. Intel CEO Pat Gelsinger discusses the pivotal moment for the US chip industry, and why the factories in America’s heartland will boost national security. As the markets await Fed Chair Jay Powell’s next announcement later this month, Becky Quick, Joe Kernen, Andrew Ross Sorkin, and Steve Liesman break down the Fed’s aggressive policies to combat inflation, under Powell and his predecessors. In an extended interview, former Vice Chair of the Federal Reserve Richard Clarida discusses his own role in the Fed’s legacy, the likelihood of imminent recession, and whether the markets should believe in the Fed. Plus, Britain’s longest-serving monarch has died at age 96. We remember the historic reign of Queen Elizabeth II and her seven decades of leadership with former Hearst executive Joanna Coles. 

In this episode: 

Joanna Coles , @JoannaColes

Pat Gelsinger, @PGelsinger

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Steve Liesman, @SteveLiesman

Kristina Partsinevelos, @KristinaParts

Katie Kramer: @Kramer_Katie

Apple has announced its new suite of products, from earbuds to phones and watches. It may look like the company hasn’t hiked prices in the US, but CNBC’s Jon Fortt explains, it’s all in the marketing. As employees across the country head back to the office, former SEC Chair Jay Clayton and investor and entrepreneur Kevin O’Leary discuss the WFH options now expected from existing talent and new workers. CNBC’s Steve Liesman crunches the numbers on long Covid’s long impact on our economy and workplace productivity. Plus, Bob Iger almost bought Twitter for Disney, and China is extending its Chengdu lockdown. 

In this episode: 

Kevin O’Leary, @kevinolearytv

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Jon Fortt, @jonfortt

Katie Kramer: @Kramer_Katie

Starbucks founder and longtime on-and-off CEO Howard Schultz is finally, officially, handing over the chain’s reins to a new CEO: Laxman Narasimhan. Andrew Ross Sorkin sits down with both in Seattle and discusses Starbucks leadership and culture, inflation, China, and labor unions over a “not cheap” cup of coffee. Plus, Meta is gearing up to release some next gen technology, Russia is tightening its literal power grip, and the markets are hitting all kinds of highs–and lows. 

In this episode: 

Howard Schultz, @HowardSchultz

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer: @Kramer_Katie

OPEC+ has announced a cut to production, surprising an already shocked global energy system. Russia has shut down oil flows to Europe through Nord Stream Pipeline 1, indefinitely. State Department official, Special Presidential Coordinator for International Energy Affairs Amos Hochstein, discusses energy geopolitics amid Europe’s deepening crisis. 

The United Kingdom has a new Prime Minister in Liz Truss, and CVS is buying home health giant Signify. Plus, the two highest-paid influencers on TikTok are Gen Z sisters; the dad and manager of Charli and Dixie D’Amelio, Marc D’Amelio, discusses the six-figure payouts per social media posts, his family’s new business venture, and leveraging TikTok’s algorithm for income. 

In this episode:

Marc D’Amelio, @marcdamelio

Amos Hochstein, @amoshochstein

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer: @Kramer_Katie

The Labor Department released the number of American jobs added in August: 315,000. Only slightly below expectations, CNBC’s Steve Liesman and former CEA member Tyler Goodspeed consider what the report means for the Federal Reserve’s next rate hike. According to a new study by a group of professors, commission-free trades might not be free. UCLA Irvine Professor Christopher Schwartz explains the study, the fee and payout discrepancies between brokerages, and shares the best and the worst firms for retail trader pockets. As offices across the U.S. gear up for a reunion, China is locking down over 21 million people because of 700 covid cases. Former FDA Commissioner Dr. Scott Gottlieb discusses the difference between our approaches to public health, and shares which vaccines we should be getting–and when we should get them. Plus, Starbucks has named Howard Schultz’s successor, and Lululemon delivered a strong quarterly performance. 

In this episode:

Dr. Scott Gottlieb, @ScottGottliebMD

Becky Quick @BeckyQuick

Mike Santoli @michaelsantoli

Steve Liesman, @SteveLiesman

Cameron Costa, @CameronCostaNY