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Japan's central bank has raised short term interest rates to their highest level in decades, data center deals have hit a record $61 billion in 2025, EU leaders will loan Ukraine $100 billion for defense, House leaders have committed to vote on an individual stock trading ban for lawmakers, and the U.S. government could be on its way to allowing Nvidia to sell its second-most powerful chip to China. Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
BP ousts its CEO Murray Auchincloss overnight following investor frustration with net zero strategy and share under-performance. He is replaced by Woodside Petroleum's Meg O'Neill who becomes the oil major's fourth boss in six years. EU leaders gather in Brussels at a crucial summit to decide funding for Ukraine. And European investors await ‘Super Thursday' with central banks' rates decisions expected from the ECB, Riksbank, Norgesbank and BoE later today.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
OpenAI is talking with Amazon about a possible investment, self-driving car company Waymo is in talks to raise $15 billion in 2026, bankrupt Spirit Airlines is looking to merge with Frontier Airlines again, reports say the Trump Administration is working on an executive order to speed up defense contractors' production, and homebuilder Lennar is feeling the pressure from a cautious housing market. Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
European futures pint to the green and the UK government is buoyed by the November CPI year-on-year print which came in 0.3 per cent lower than expected. The services CPI is down 0.2 per cent, beating expectations for the month. CNBC sources have learned that Open AI is in talks with Amazon over a potential tie-up worth more than $10bn following Sam Altman's negotiations with Microsoft which allows the firm to reach across the tech sector. Crude prices edge higher after President Trump's classification of the Maduro regime in Venezuela a foreign terrorist organisation as well as ordering of a blockade of sanctioned oil tankers. The Venezuelan government says the move is in breach of international law.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The A.I. stock sell-off continues with U.S. futures suggesting a day in the red. Investors now await the U.S. jobs report later today. President Trump signals that a Ukraine peace deal is ‘closer now than we have been, ever' causing European defence stocks to tumble. However, any breakthrough on Ukrainian territorial issues remains a major sticking point. In crypto news, Bitcoin claws back some ground lost after sinking below the $86k-mark in yesterday's session – its lowest level of the year.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Best-selling author and co-anchor of CNBC's "Squawk Box," Andrew Ross Sorkin comments on the battle over Warner Bros., the implications for the economy if the AI bubble bursts, and how the affordability gap is impacting the American consumer. "1929" is available everywhere now. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Chinese data shows the nation's economic slowdown deepened in November, Hong Kong pro-democracy activist and media mogul Jimmy Lai was convicted on all charges in a landmark national security trial, Sanofi shares are down after two setbacks for the company's multiple sclerosis treatment, ServiceNow is reportedly in talks to buy cybersecurity startup Armis, and Zootopia 2 has hit $1 billion at the box office. Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
European markets are set to open in the green following Friday's A.I.-led stock sell-off ahead of a variety of data prints and rate decisions later in the week. Ukraine abandons demands for NATO membership with peace talks continuing in Berlin. Security is increased at Hannukah events worldwide following the massacre of 15 people by two I.S.-inspired gunmen on Bondi Beach, Sydney yesterday.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
President Trump has signed executive orders on AI, the Federal Reserve has voted to reelect 11 of its dozen federal bank presidents, Costco shares are slightly lower after that company's quarterly report, NASCAR has settled an antitrust lawsuit brought by two of its teams, including one owned by Michael Jordan, and Elon Musk has confirmed reports that SpaceX plans to IPO next year. Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
UK GDP data for October disappoints coming in at -0.1 per cent month on month with services output falling by 0.3 per cent. Oracle shares tumble to their lowest level since January as investors show their concern over the company's A.I.-related splurge but global markets reached new record highs during yesterday's session with the S&P 500 breaking through the 6,900-point mark for the first time. Disney and Open A.I. join forces in a $1bn deal with the entertainment giant licensing its characters to feature in the Sora video creation app.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The Fed delivers a rate cut - but the most significant dissent in six years, and division over the policy outlook, reveal a split within the central bank. Nasdaq futures falter as Oracle's data centre spend surges, sending the stock down by double-digit percentage points in extended trade - as Norway's Sovereign Wealth fund shows caution on investing in the infrastructure. Bitcoin slips, briefly dipping below $90,000 and extending a fourth quarter downturn as traders brace for a potential crypto winner. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The price of Warner Brothers Discovery could creep higher as both Paramount and Netflix ready to up their offers in a possible bidding war, computer memory maker and Nvidia supplier SK hynix is considering listing shares in the U.S., Disney is nominating former Apple executive Jeff Williams to join its board, Eli Lilly will spend $6 billion to build a manufacturing plant in Alabama, and European company Delivery Hero says its evaluating its strategic options after a stock slump. Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Markets fully price in a 25-basis point cut at today's Federal Reserve meeting, while deep divisions within the central bank put investors on edge about the potential for easing next year. Chinese consumer prices rise at their fastest level in two years, but factory gate prices remain in deflation territory for the 38th month in a row. Donald Trump condemns European leaders as ‘weak' and says they ‘don't know what to do'.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The Federal Reserve is deeply divided over its December rate decision as hawkish commentary around the FOMC's two-day meeting causes jitters among investors. President Trump is set to authorise exports of Nvidia's H200 chip to ‘approved' customers in China with 25 per cent of sales to be paid to the U.S. government as part of the agreement. Paramount has launched a last-minute $100bn offer for Warner Brothers Discovery in an attempt to thwart Netflix's acquisition. Paramount CEO David Ellison says a deal with Neflix could potentially destroy Hollywood. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
IBM is reportedly in talks to acquire Confluent, CRH, Carvana, and Comfort Systems are being added to the S&P 500, the Trump administration will forgive the remaining $11m civil fine against Southwest Airlines, the Trump administration will unveil its aid package for farmers, and “Five Nights at Freddy's 2” won the box office this weekend. Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Andrew Ross Sorkin does the work of about five people. He founded and writes the DealBook newsletter for the New York Times. He hosts Squawk Box on CNBC every morning at 6am. He runs the DealBook Summit, which has become the premier annual interview event across business, policy, and technology. He co-created the TV show Billions. He wrote the definitive account of the 2008 financial crisis, "Too Big to Fail", and now he's written "1929," a 600-page epic about the greatest crash in Wall Street history. So how does he actually do all of this?Today we sit down with Andrew to answer exactly that question. We dive into his philosophy on interviewing, his start as a teenage freelancer at the New York Times, how he built DealBook from a daily column into a media empire, and his actual daily routine that somehow fits all of this into 24 hours!Links:Andrew's new book 1929DealBookThe DealBook SummitSquawk BoxSponsors:Shopify
Investors anticipate a Fed Christmas rate cut later this week with other central banks' final policy meetings potentially following suit. Soaring Chinese exports to the EU push the country's surplus beyond $1bn for the first time. Outbound shipments are up almost 6 per cent on the year with French President Emmanuel Macron threatening to slap tariffs on Beijing. Swiss lender UBS could soon benefit from the loosening of a banking regulation package which would otherwise require it to raise an additional $24bn in capital.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Even the giants of history couldn't outrun insecurity, comparison, or the feeling of not having enough. In today's episode, Ryan continues his conversation with Andrew Ross Sorkin to talk about why success rarely feels satisfying in the way you expect, why the goalposts always seem to move, and how Andrew has seen this pattern play out in some of the wealthiest and most accomplished people in the world.Andrew Ross Sorkin is a financial columnist for The New York Times and a co-anchor of CNBC's Squawk Box. He is also the founder and editor of DealBook, a financial news service published by The New York Times. He wrote the bestselling book Too Big to Fail and co-produced a movie adaptation of the book for HBO Films. He is also a co-creator of the Showtime series Billions. His new book is 1929: Inside the Greatest Crash in Wall Street History--and How It Shattered a Nation. You can grab signed copies of 1929 by Andrew Ross Sorkin at The Painted Porch: https://www.thepaintedporch.com/Follow Andrew Ross Sorkin on Instagram @SorkinSays and on X @AndrewRSorkin
Docusign shares fell even after the company raised its full year outlook, Hewlett Packard Enterprise missed Wall Street's expectations for its fourth quarter revenue, shares of Ulta Beauty are on the rise after the company raised its forecasts for full year revenue, Apple has announced key leadership transitions, and Costco is adding President Biden's Commerce Secretary Gina Raimondo to its board after announcing a lawsuit against the Trump administration over tariffs earlier this week. Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Global bond yields rise amid complicated pictures in the USA and Japan. Treasurys saw yields rise on stronger U.S. jobs data, while deepening expectations of a rate hike by the BOJ sees JGB prices fall. Elsewhere, Netflix has reportedly won the battle over Warner Bros Discovery; and Meta shares rise on reports the company is planning sweeping cuts to its ‘metaverse' unit, a former darling of CEO Mark Zuckerburg.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The 2025 New York Times DealBook Summit has wrapped, and Andrew Ross Sorkin is back on the Squawk Box set to discuss the highlights with Joe Kernen. He shares the best moments from interviews with Israeli Prime Minister Benjamin Netanyahu, Palantir's Alex Karp, Anthropic's Dario Amodei, California Governor Gavin Newsom, Turning Point USA's Erika Kirk, and Treasury Secretary Scott Bessent. Secretary Bessent, separately, is reportedly in consideration to lead the National Economic Council, should current NEC director Kevin Hassett be named the next Federal Reserve Chair. Then, former FDA Commissioner Dr. Scott Gottlieb discusses his concerns about the Trump administration's approach to regulating vaccines. Dr. Scott Gottlieb - 17:27In this episode:Joe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
European markets are cautiously optimistic as weaker U.S. payrolls data overnight boosted hopes of a Fed rate cut next week. It's a heavy day for geopolitics – French President Emmanuel Macron is in Beijing for a meeting with his Chinese counterpart Xi Jinping, with focus centered on expanding partnership and deepening understanding amid increased trade tensions. Elsewhere, the European Commission presented the details of its plan to use frozen Russian assets to help finance Ukraine. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How do you stay locked in on one project for eight years? Andrew Ross Sorkin shares what he learned while writing his bestselling book 1929: Inside the Greatest Crash in Wall Street History and How It Shattered a Nation in today's conversation with Ryan. They talk about what it really takes to write a massive, deeply researched book while juggling a demanding career and family life. Andrew opens up about the fear, insecurity, and obsession that fueled his eight year journey into the world of 1929. Ryan and Andrew get into why writing still feels hard for him, the surprising reality of how much of history comes down to human behavior, and the strange process of trying to understand people who lived a century ago.Andrew Ross Sorkin is a financial columnist for The New York Times and a co-anchor of CNBC's Squawk Box. He is also the founder and editor of DealBook, a financial news service published by The New York Times. He wrote the bestselling book Too Big to Fail and co-produced a movie adaptation of the book for HBO Films. He is also a co-creator of the Showtime series Billions. His new book is 1929: Inside the Greatest Crash in Wall Street History--and How It Shattered a Nation. You can grab signed copies of 1929 by Andrew Ross Sorkin at The Painted Porch: https://www.thepaintedporch.com/Follow Andrew Ross Sorkin on Instagram @SorkinSays and on X @AndrewRSorkin
Chipmaker Marvell is on the rise thanks to strong quarterly earnings and an acquisition announcement, identity-management firm Okta is lower despite beating earnings and revenue projections, reports say the Trump administration will propose weakening fuel efficiency standards, Saudi Arabia's public investment fund will own more than 90% of videogame maker Electronic Arts and the search for the missing Malaysia Airlines Flight MH370 will resume … more than a decade after the jet disappeared. Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Risk sentiment is reentering markets this morning after AI optimism fueled gains in the U.S. overnight. Also in recovery is Bitcoin, which is surging higher following a week of brutal loses. On the geopolitical front, Russia and the U.S. failed to reach consensus on a deal to end the war in Ukraine, despite five hours of talks in Moscow. Elsewhere, two big AI names, Anthropic and OpenAI, in focus – Reports suggest Anthropic is in early talks to launch what would be one of the largest IPOs in history next year; while OpenAI CEO Sam Altman issued a companywide ‘code red' memo this week, warning employees over increasing competition in the chat bot space.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
November was a whirlwind month for cryptocurrencies, and it seems that volatility is carrying over into December with Bitcoin posting its worst single day decline since March yesterday. Meanwhile, the head of the U.K.'s budget watchdog resigned after the OBR accidently released its report ahead of Chancellor Rachel Reeves' budget last week. And in an exclusive interview with CNBC, the Bank of England's Megan Greene laid out her outlook for the economy, and what she'd need to see in the labour market and inflation figures to prompt a rate cut.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The 5 things you need to know before the stock market opens today: President Trump says he's made his choice for next chair of the Federal Reserve, Disney had brought in more than $500 million globally on the “Zootopia 2” box office, South Korean police are investigating a data breach at e-commerce site Coupang, data analytics firm Databricks is in talks to raise $5 billion at a valuation topping $134 billion, and UnitedHealth Group will reportedly sell off its last South American business. Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Markets eye a cautious start to December with risk-off sentiment still very much in play amid AI valuation fears and continuing weakness in cryptocurrencies. U.K. Chancellor Rachel Reeves faces fresh scrutiny as claims swirl that she misled the public about the state of the country's finances ahead of the budget last week. Progress continues over Ukraine – U.S. officials met with Ukrainian negotiators over the weekend, while a U.S. delegation heads to Russia to hammer out the details of a peace deal.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The 5 things you need to know before the stock market opens today: the CME temporarily halted trading for futures, foreign exchanges, and commodities due to a data center issue, the SEC is investigating Jefferies's relationship with a bankrupt auto parts maker, Alibaba has begun selling its AI smart glasses in China, Apple is challenging India's antitrust penalty law, and Disney's ‘Zootopia 2' clocked the biggest opening day in China for any Hollywood animated film. Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
U.S. markets return following the Thanksgiving holiday but a technical glitch at a CME Group data centre impacts futures trading across equities, treasuries and commodities. European markets see out a turbulent month of November having seen large moves within the tech, health and defence sectors. The Nasdaq break a seven-month winning streak due to ongoing concerns around A.I. stock valuations. Russian President, Vladimir Putin comments on Ukrainian-American peace efforts, saying the talks could form the foundation of a future agreement ahead of next week's talks with Hungarian PM Viktor Orban and the U.S. envoy Steve Witkoff. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
UK Chancellor Rachel Reeves raises the tax burden to an all-time high in her autumn budget, calling them ‘her choices'. Markets, however, remain sanguine with gilts falling and sterling pushing higher. German sportswear brand Puma sees shares surge on reports of a takeover bid from Chinese giant Anta Sports. And at the Adopt A.I. Action Summit in Paris, we hear from Airbus CEO Guillaume Faury who says European aerospace and defence companies are enthusiastic about scaling up to lead the way into what could become a new global space race.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The 5 things you need to know before the stock market opens today: after quarterly results, Urban Outfitters is trading higher and shares of Deere, HP, and Workday are lower. Plus, Medicare negotiated lower prices for over a dozen covered medications including Ozempic. Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
UK Chancellor Rachel Reeves is forewarning the country of ‘necessary choices' to fill a £30bn fiscal hole ahead of her much anticipated high-stakes Budget later today. The Dow enjoys its best session since August, boosted by reports that Alphabet chips are attracting interest from social media giant Meta. Ukrainian President Volodomyr Zelenskyy says he is ready to progress on a revised peace plan for his country and is pushing for in-depth talks with President Trump later this week.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
U.S. tech stocks start the new week in the green and the Nasdaq notches its best day in 6 months with Alphabet shares approaching the $4tn market valuation mark. The U.S. and Ukraine put forward a revised peace plan following 2 days of discussions in Geneva but the most contested points remain to be finalised by both presidents. The talks will now reportedly move to Abu Dhabi with a delegation arriving from Moscow. The UK's fiscal watchdog, the Office for Budget Responsibility, is set to downgrade the country's growth outlook a day before Chancellor Rachel Reeves' high-stakes budget.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The 5 things you need to know before the stock market opens today: airports expect the busiest day of the holiday travel week to be the Sunday after Thanksgiving, DOGE has been officially dissolved ahead of schedule, Kohl's is keeping its interim CEO on as CEO proper, the FBI is investigating a hack of SitusAMC, a technology vendor for real estate lenders, and Eli Lilly has become the first health care company to reach a $1 trillion market cap. Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
The U.S. and Ukraine find common ground on an ‘updated and refined' peace agreement but the deal comes under criticism from President Trump and questions grow as to its origins. Markets on both sides of the Atlantic are set to begin the new trading week in the green as NY Federal Chairman John Williams suggests a rate cut could be imminent following a weakening employment print. And in mining news, BHP says it will abandon a last-ditch bid for rival Anglo American following news of a revised second offer more than a year and half since its initial approach See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The 5 things you need to know before the stock market opens today: Netflix, Paramount and Comcast have all submitted bids for Warner Brothers Discovery, Nvidia shares under pressure have driven the markets lower, prediction market Kalshi has raised $1 billion in its latest fundraising round, the CEO of CrowdStrike has taken a stake in the Mercedes Formula One team, and a painting by Frida Kahlo sets records for female artists at auction. Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
U.S. markets experience their largest single-day reversal since April with the Nasdaq plunging from a high of 2.5 per cent to end the session more than 2 per cent in the red. Following a strong jobs report, investors are now cutting the odds of a final interest rate cut for the year next month. Asia has followed suit overnight with tech stocks selling off while futures in Europe also point south. A U.S.-brokered peace agreement for Ukraine will reportedly demand key concessions from Kyiv which could include ceding land it currently controls as well as giving up its bid for NATO membership. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Nvidia beats expectations in Q3 earnings and guides beyond projections for 2026, sending shares up 5 per cent in after-hours trading. CEO Jensen Huang remains sanguine about over-stretched A.I. valuations. A relief rally moves through global equities and Bitcoin. Chip makers in Asia see shares rise as a result while European and U.S. futures point higher for the session ahead. President Trump slams Federal Reserve Chairman Jerome Powell over inflation and urges Treasury Secretary Scott Bessent to help bring down interest rates. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The 5 things you need to know before the stock market opens today: Nvidia third quarter results are due after the bell, Congress approved legislation to compel the Department of Justice to release all records related to the late sex offender Jeffrey Epstein, the Trump Administration is working on shutting down the Department of Education, an airline trade group wants plans to pay air traffic controllers in future government shutdowns, and a massive sale at Sotheby's – a Gustav Klimt painting sells for more than $236 million. Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Tech stocks continue to sell off Stateside while Europe's Stoxx 600 ends yesterday's session at a one-month low and the DAX plunges to its lowest level since June. Chip giant Nvidia results are due after the bell today with analysts anticipating a sharp rise in sales amid any signs of an A.I. bubble. President Trump hosts Saudi Arabia's Crown Prince Mohammed bin Salman at the White House, calling the Kingdom ‘a major non-NATO ally'. Trump also struck an optimistic tone regarding the expansion of the Abraham Accords to foster stability in the Middle East. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
European markets are sharply in the red amid an accelerating global sell-off. Investors are now awaiting economic data prints Stateside following the recent re-opening of the federal government. Big technology stocks remain under pressure as fears of A.I. over-valuations show no signs of abating. In crypto news, Bitcoin sees its gains for the year wiped out and there are concerns a bigger rout still lies ahead. The European Commission hikes its growth forecast for the year despite predictions that government deficits are set to rise over the next few years. European Economy Commissioner Valdis Dombrovskis warns CNBC any downturn in markets would knock investor confidence in the bloc.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
When President Donald Trump began his tariff rollout, the business world predicted that his unprecedented attempt to reshape the economy would lead to a major recession, if Trump went through with it all. But the markets stabilized and, in recent months, have continued to surge. That has some people worried about an even bigger threat: that overinvestment in artificial intelligence is creating a bubble. Andrew Ross Sorkin, one of today's preëminent financial journalists, is well versed in what's happening; his début book, “Too Big to Fail,” was an account of the 2008 financial crash, and this year he released “1929: Inside the Greatest Crash in Wall Street History—and How It Shattered a Nation.” He tells David Remnick that the concern lies in the massive borrowing to build the infrastructure for a future A.I. economy, without the sufficient revenue, currently, to pay off the loans. “If I learned anything from covering 1929, [and] covering 2008, it is leverage,” Sorkin says, “people borrowing to make all of this happen. And right now we are beginning to see a remarkable period of borrowing to make the economics of A.I. work.” Sorkin is the co-anchor of “Squawk Box” on CNBC, and he also founded the New York Times' business section, DealBook. Please help us improve New Yorker podcasts by filling out our listener survey: https://panel2058.na2.panelpulse.com/c/a/661hs4tSRdw2yB2dvjFyyw Learn about your ad choices: dovetail.prx.org/ad-choices
The 5 things you need to know before the stock market opens today: Berkshire Hathaway has taken a roughly $5 billion stake in Google parent Alphabet, the Financial Times is reporting that Apple is stepping up the search for CEO Tim Cook's successor, Treasury Secretary Scott Bessent says the Trump Administration plan to send Americans rebate checks from tariff revenue would require legislation, Netflix's 10-for-1 stock split happens today, and YouTube and Disney reach a deal after a two-week standoff. Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
When President Donald Trump began his tariff rollout, the business world predicted that his unprecedented attempt to reshape the economy would lead to a major recession, if Trump went through with it all. But the markets stabilized and, in recent months, have continued to surge. That has some people worried about an even bigger threat: that overinvestment in artificial intelligence is creating a bubble. Andrew Ross Sorkin, one of today's preëminent financial journalists, is well versed in what's happening; his début book, “Too Big to Fail,” was an account of the 2008 financial crash, and this year he released “1929: Inside the Greatest Crash in Wall Street History—and How It Shattered a Nation.” He tells David Remnick that the concern lies in the massive borrowing to build the infrastructure for a future A.I. economy, without the sufficient revenue, currently, to pay off the loans. “If I learned anything from covering 1929, [and] covering 2008, it is leverage,” Sorkin says, “people borrowing to make all of this happen. And right now we are beginning to see a remarkable period of borrowing to make the economics of A.I. work.” Sorkin is the co-anchor of “Squawk Box” on CNBC, and he also founded the New York Times' business section, DealBook.New episodes of The New Yorker Radio Hour drop every Tuesday and Friday. Join host David Remnick as he discusses the latest in politics, news, and current events in conversation with political leaders, newsmakers, innovators, New Yorker staff writers, authors, actors, and musicians.
The 5 things you need to know before the stock market opens today: Homeland Security announces bonus checks for TSA officers, Boeing defense workers approve a new contract, Verizon plans more layoffs, SoftBank shares continue to fall after the company disclosed it sold its entire Nvidia stake, and Blue Origin is bound for Mars. Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
President Trump signs a funding bill that reopens the government after the longest shutdown in history, economic data not collected during the shutdown may never be released, the Supreme Court will hear oral arguments in January in the President's challenge to Federal Reserve Governor Lisa Cook, Alibaba is retooling artificial intelligence apps to be more like ChatGPT, and the end of the line for the penny after more than two centuries. Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Pfizer has won a bidding war for obesity drug developer Metsera, Diageo has hired Tesco's Dave Lewis as its new CEO, FedEx and UPS will ground their flights of MD-11 planes after one of those planes crashed at the UPS aviation hub in Kentucky, Visa and Mastercard are nearing a settlement on interchange fees for merchants, affecting the way shoppers use rewards programs, and BBC's head of news has resigned over edits a Panorama documentary made to a speech by President Trump. Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Fans of “Grand Theft Auto” will have to wait for the release of the sixth version of the popular video game will be delayed, Airbnb shares are on the move after reporting upbeat guidance, fintech company Affirm shares also trending up, while competitor Block missed earnings estimates for the fourth-straight quarter, and Ford is considering discontinuing the electric version of its popular F-150 truck. Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
As a business journalist, Andrew Ross Sorkin writes for the New York Times DealBook, which he founded, and co-anchors Squawk Box on CNBC. In this episode, Adam and Andrew riff on what makes a great conversation and compare notes on their best and worst interviews—including when Elon Musk told Bob Iger to f*** off. They also investigate what Andrew has learned about the psychology of powerful people and explore surprising insights from his new book, 1929, on the infamous stock market crash.FollowHost: Adam Grant (Instagram: @adamgrant | LinkedIn: @adammgrant | Website: https://adamgrant.net/)Guest: Andrew Ross Sorkin (Instagram: @sorkinsays | Website: https://www.andrewrosssorkin.com/) LinksBook: https://sites.prh.com/1929Follow TED!X: @TEDTalksInstagram: @tedFacebook: @TEDYouTube: @TEDLinkedIn: @ted-conferencesTikTok: @tedtoksFor the full text transcript, visit ted.com/podcasts/worklife/worklife-with-adam-grant-transcriptsInterested in learning more about upcoming TED events? Follow these links:TEDNext: ted.com/futureyouTEDAI San Francisco: ted.com/ai-sf Hosted on Acast. See acast.com/privacy for more information.