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Guests: Father William Dailey, Miguel Diaz, Steve Liesman, Sam Stein, Kathleen SebeliusTonight: what we know about Pope Leo the 14th and what the first-ever American Pope means for this country and the world. Then, the concerning reality of Trump's first trade deal as he shrugs his shoulders at Americans losing their jobs. Plus, meet the wellness influencer set to become America's top doctor. And Donald Trump gives up on his pick for DC's top prosecutor—but there's apparently a backup plan. Want more of Chris? Download and subscribe to his podcast, “Why Is This Happening? The Chris Hayes podcast” wherever you get your podcasts.
Nicolle Wallace on the historic election of Pope Leo XIV, the first American-born pope, the nationwide crisis of masculinity, and the warning signs for America's democracy. Joined by: Chris Jansing, Mike Barnicle, Christopher White, Steve Liesman, Scott Galloway, Tim Miller, and Charlie Sykes.
President Trump has reached a trade deal with the United Kingdom, and the Federal Reserve is keeping interest rates steady. The decision prompted a post from President Trump calling Fed Chair Jay Powell a “fool,” but one that he likes. CNBC's Steve Liesman breaks down Chair Powell's commentary and the latest economic data. Senator Ted Cruz (R-TX) discusses US competition in AI ahead of his hearing with tech leaders including OpenAI's Sam Altman and AMD's Lisa Su. Sen. Cruz discusses the Trump administration's tariffs and price controls on Medicaid drugs. Plus, Scott Bok was chair of the University of Pennsylvania's board when the university's president was pushed out after the Israel-Hamas war began in 2023. In this episode, he discusses the shifting culture and politics both on and toward U.S. college campuses. Sen. Ted Cruz - 22:42Scott Bok - 36:10 In this episode:Ted Cruz, @SenTedCruzSteve Liesman, @steveliesmanBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
House Democratic Caucus Vice Chair Rep. Ted Lieu (D-Calif.) defends the Democratic Party's strategy for countering President Trump's agenda. NBC News' Vaughn Hillyard and Christine Romans and CNBC's Steve Liesman report on Federal Reserve Chair Jerome Powell's warning of U.S. economic uncertainty as the Trump administration prepares for trade talks with China. Ravi Agrawal, editor in chief of Foreign Policy, discusses the escalating tensions between India and Pakistan.
Nicolle Wallace on Trump drowning in the fallout caused by his sweeping tariffs, a federal judge striking down his use of the Alien Enemies Act, and how the fight against Trump has gained momentum across the nation.Joined by: Steve Liesman, Sarah Longwell, Robert Armstrong, Frank Figliuzzi, Rep. Dan Goldman, Dahlia Lithwick, Tim Miller, Andrew Weissmann, Lee Gelernt, and Stephanie Ruhle.
Ali Velshi – in for Nicolle Wallace – discusses the economic fallout of Trump's tariffs as a new GDP report shows the economy shrunk, updates in the Kilmar Abrego deportation case, a judge's decision to free the Columbia graduate student detained at an interview in his naturalization process, and more.Joined by: Steve Liesman, Justin Wolfers, Catherine Rampell, Basil Smikle, Rep. Jason Crow, Mara Gay, Allen Orr, Nick Miroff, Paul Rieckhoff, Lauren Meckler, and Lisa Rubin.
Three months into President Trump's second term, pollster Frank Luntz explains voter sentiment. While conservative and liberal Americans remain steadfast, Luntz says the political center has been disappointed with the execution of the promises it voted for. After a brief but heated spat between the White House and Amazon, President Trump has called Jeff Bezos a “good guy.” Wired Editor-at-Large Steven Levy explains Amazon's idea–and then rejection–of marking the cost of tariffs on its low-cost site Amazon Haul. Levy discusses big tech's complicated relationship with the administration. Plus, Commerce Secretary Howard Lutnick says the U.S. has reached its first trade deal, and due to a surge in imports, the U.S. economy contracted during President Trump's first 100 days. CNBC's Steve Liesman discusses the intersection of a global trade war and America's GDP. Frank Luntz - 23:00Steve Liesman - 16:44Steven Levy - 34:25Rick Santelli & Steve Liesman - 40:26 In this episode:Steven Levy, @StevenLevyFrank Luntz, @FrankLuntzSteve Liesman, @steveliesmanBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
Markets make back-to-back gains amid hopes trade tensions with China may be easing. Plus, Trump attacks Zelensky accusing him of derailing talks to end the Ukraine war. And, with all the conspiracy theories out there, we talk about the dangers of normalizing disinformation. Steve Liesman, Melanie Zanona, Sam Stein, and Luke Broadwater join The 11th Hour this Wednesday.
Nicolle Wallace discusses the now characteristic instability of the second Trump term's impact on the markets and confidence in America abroad, new reporting that Defense Secretary Pete Hegseth shared classified information in yet another group chat including his wife, the more than two hundred college presidents rebuking “government overreach,” and more.Joined by: Steve Liesman, Derek Thompson, David Jolly, Ty Cobb, Courtney Kube, Luke Broadwater, Retired U.S. Army Brigadier General Steve Anderson, Claire McCaskill, Mike Schmidt, and Harry Litman.
Nicolle Wallace on the life and legacy of Pope Francis, known as “the people's pope,” for his championing of humanity and advocacy for the marginalized. Joined by: Steve Liesman, Courtney Kube, Frank Kendall, Anthea Butler, Christopher White, Lee Gelernt, Dahlia Lithwick, Vaughn Hillyard, Jon Meacham, and Mike Barnicle.
Pope Francis, the Argentine Jesuit and Roman Catholic pontiff, has died at age 88. Joe Kernen, Becky Quick, and Andrew Ross Sorkin reflect on his impact on the business community, and Andrew recalls his interview with the Pope just before the Covid-19 pandemic. President Donald Trump intensified his criticism of Federal Reserve Chairman Jerome Powell, calling him a “major loser” and warning of a potential economic slowdown if interest rates are not lowered immediately. Krishna Guha, Evercore ISI vice chairman, weighs in on the possibility of Powell's removal, the independence of the central bank, and the potential market implications. Then, CNBC's Steve Liesman and Chicago Fed President Austan Goolsbee discuss the state of the economy, the Fed's inflation strategy, and the impact of the Trump administration's tariff policy on the economy. Krishna Guha - 16:58Austan Goolsbee - 27:12 In this episode:Austan Goolsbee, @Austan_GoolsbeeSteve Liesman, @steveliesmanBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY
Nicolle Wallace on Trump targeting Federal Reserve Chair Jerome Powell, the frightening reality for those who stand up to the Trump administration, and the latest on the deadly shooting at Florida State University.Joined by: Steve Liesman, Gene Sperling, Mitch Landrieu, Frank Figliuzzi, Andrew Weissmann, Anne Applebaum, Luke Broadwater, Angelo Carusone, and Tim Miller.
Nicolle Wallace on Trump's handling of the economy deteriorating consumer confidence, massive crowds showing up for Congresswoman Alexandria Ocasio-Cortez and Senator Bernie Sanders' ‘Fighting Oligarchy' tour, and the Trump administration's escalating war on law firms.Joined by: Steve Liesman, David Frum, Mara Gay, Derek Thompson, John Heilemann, Mike Schmidt, Marc Elias, Mary McCord, and Rina Gandhi.
S&P, Dow, and Nasdaq all kicking off the week in the green for the first hour of trade – David Faber, Carl Quintanilla, and Leslie Picker broke down the latest headlines out of Washington amidst some confusion on tariff carve-outs for key products like laptops and smartphones. What the White House is saying – plus more on what it could mean for Apple and Nvidia, as those shares gain. Also in focus: Who will drive the Post-American Global Economy? Former U.K. Treasury Minister and once Chairman of Goldman's Asset Management Business, Jim O'Neill joined the team fresh off a new op-ed arguing for new strategies here… And CNBC's Steve Liesman broke down new worries over the Dollar, hitting 3-year lows in the session. Plus: how to play the bank stocks here, as Goldman becomes the latest of the group to report new numbers – and CEO David Solomon warns of recession risks on the call… And what's at stake in the FTC's growing battle with Meta, as their antitrust case kicks off in court today. Squawk on the Street Disclaimer
Nicolle Wallace on continuing market volatility amid Trump's trade war with China and the Supreme Court upholding a federal judge's order requiring the Trump administration to facilitate the return of a mistakenly deported Maryland father. Joined by: Stephanie Ruhle, Ben Rhodes, Gillian Tett, Steve Liesman, Mitch Landrieu, Pablo Torre, Kristy Greenberg, Rev. Al Sharpton, and Judge Esther Salas.
Nicolle Wallace on Trump's volatility continuing to fuel economic turmoil nationwide, Democrats raising insider trading questions around Trump's tariff announcements, and new fears of authoritarianism after Trump's calls for probes into former aides.Joined by: Steve Liesman, Tyler Pager, Gene Sperling, Tim O'Brien, Richard Painter, Sen. Adam Schiff, Anne Applebaum, Andrew Weissmann, Claire McCaskill, and Alex Wagner.
Nicolle Wallace on the Trump administration reducing tariffs on most countries while increasing tariffs on China to 125% and Trump signing new executive orders targeting two former officials.Joined by: Jason Furman, Michael Crowley, John Heilemann, Steve Liesman, Sarah Longwell, Marc Elias, Mary McCord, Sean Patrick Maloney, Tim Miller, and Basil Smikle.
MSNBC's Ari Melber hosts "The Beat" on Wednesday, April 9, and reports on President Trump's 90-day tariff pause and market uncertainty. Maureen Dowd, Geraldo Rivera, and Steve Liesman join.
MSNBC's Ari Melber hosts "The Beat" on Tuesday, April 8, and reports on the economic fallout from President Trump's tariffs, rising criticism from MAGA insiders toward the Trump administration, and the latest legal fight over Trump's immigration policies. Senator Ed Markey and Steve Liesman join.
On day 75 of the second Trump administration, our Nightcap takes on the President's new tariffs and day 2 of the market slide. Plus, a judge ruled that the Maryland man who was mistakenly deported to a prison in El Salvador be returned to the U.S by Monday night. And, more than 1,000 anti-Trump rallies are planned nationwide tomorrow. Steve Liesman, Chris Jansing, Art Cullen, and Sami Sage join The 11th Hour this Friday.
Nicolle Wallace on U.S. markets nosediving as China retaliates against Trump's tariffs, and the irrevocable damage done to America's global standing. Joined by: Steve Liesman, Charlotte Howard, David Jolly, Michael Linden, Lisa Rubin, Rep. Jim Himes, John Heilemann, Amanda Carpenter, Ben Rhodes, and Michigan State Senator Mallory McMorrow.
Nicolle Wallace on stock markets plummeting as Trump's tariffs wreak havoc across the global economy.Joined by: Steve Liesman, Steve Rattner, Gene Sperling, Charlie Sykes, Marc Elias, Kristy Greenberg, Mitch Landrieu, Sarah Longwell, Derek Thompson, and Tim Miller.
In remarks in the Rose Garden on April 2, President Trump announced steep tariff rates on many countries, including 34% on China, 20% on the European Union, 46% on Vietnam and 32% on Taiwan. Citi Wealth CIO Kate Moore explains the implications for the markets, and CNBC's Steve Liesman explains the administration's calculus in arriving at these numbers. Courtney Reagan and Phil LeBeau report on how retailers and automakers are navigating the changes. Finally, an extended interview with the official at the center of it all: Commerce Secretary Howard Lutnick. Sec. Lutnick defends and explains the tariff strategy, underscoring his and the President's hopes to bring manufacturing back on shore. Kate Moore - 11:21Steve Liesman - 24:21Phil LeBeau - 36:14Courtney Reagan - 38:37Howard Lutnick - 43:07 In this episode:Steve Liesman, @steveliesmanPhil LeBeau, @LebeaucarnewsCourtney Reagan, @courtreaganHoward Lutnick, @howardlutnickBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
3.12.2025 #RolandMartinUnfiltered: Drastic HUD cuts, DOE closings/firings, NOAA mass firings, Trump's economic policies spark chaos The housing crisis will get grimmer with federal cuts to fair housing programs, and to preserve affordable housing. We'll talk to the president of Neighborhood Assistance Corporation of America about how the consequences could be devastating. The U.S. Department of Housing and Urban Development rejects Hurricane Helene repair efforts in Asheville, North Carolina, because the city's proposed recovery plan features a DEI program. The Department of Education is the latest federal agency facing massive layoffs. The National Parents Union president will explain what will happen with the imminent dismantling of the department. Economic expert Steve Liesman calls the twice-impeached criminally convicted felon-in-chief Donald "The Con" Trump's economic policy "insane." The Alabama Freedom Riders Museum is no longer listed for sale by the U.S. General Services Administration. A Federal jury awards two black Chicago men $120 million for spending decades in prison for a murder they did not commit. ✨Get your "Don't Blame Me ... I Voted for the Black Woman" tee and #FAFO 2025 tee TODAY #RMU Merch
We break down what's at stake for your money with our all-star panel including Sofi's Liz Young Thomas, NewEdge's Cameron Dawson and our own Kristina Partsinevelos, Seema Mody and Steve Liesman. Plus, Apollo Global Management's Brian Fuertado reveals where he is seeking safety amid the market uncertainty. And, we drill down on some big moves in the energy space.
This Nightcap roundtable discusses the contentious meeting at the White House in which President Trump and VP Vance berated Ukrainian President Zelenskyy. Then, DOGE plans to roll out more “What did you do last week” emails. Plus, far-right influencers Andrew and Tristan Tate return to the US and we look at the evolution of right-wing “bro culture.” And, see who made this week's MVP list. David Rohde, Steve Liesman, Molly Jong-Fast, and Hagar Chemali join The 11th Hour this Friday.
President Trump's plans for tariffs on Canada and Mexico have prompted promises of retaliation from Canada, as well as concerns of a brewing trade war among America's neighbors. In a newsmaking interview, the Trump administration's National Economic Council Director Kevin Hassett underscores a “misinterpretation” of President Trump's executive order on tariffs. He says, it's a drug war, not a trade war. CNBC's Megan Cassella reports on the details of tariffs and their looming deadline, Phil LeBeau discusses their impact on the auto industry, and Steve Liesman explains the economic calculus of trade, the potential of recession for Canada, and the trajectory of the American economy. Plus, Elon Musk hosted a Spaces discussion on X late Sunday evening. CNBC's Steve Kovach reports on the big takeaways, including Musk's comment that President Trump gave him permission to end USAID. Megan Cassella - 03:56Phil Lebeau - 08:29Steve Kovach - 13:25Kevin Hassett - 25:06Steve Liesman - 42:23 In this episode:Phil LeBeau, @LebeaucarnewsSteve Liesman, @steveliesmanMegan Cassella, @mmcassellaAndrew Ross Sorkin, @andrewrsorkinBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie
Jason Wright has ended his tenure leading the NFL Washington Commanders and has joined Ariel Investments co-CEO Mellody Hobson in a women's sports investing venture. The venture, Project Level, is a part owner in the newest National Women's Soccer League franchise in Denver. The two leaders discuss investing in women's sports and betting on diversity in boardrooms to boost corporate bottom lines. Plus, President Trump's pick to lead the Department of Health and Human Services appeared on Capitol Hill for two intense days of confirmation hearings. Robert F. Kennedy Jr. answered Senator questions about Medicare, Medicaid, and vaccinations, but former FDA Commissioner and Pfizer board member Dr. Scott Gottlieb said RFK's responses showed a failure to fully grasp the fundamentals of the current healthcare system. Plus, the clock is ticking on President Trump's tariffs on Canada and Mexico. CNBC's Steve Liesman breaks down the economics of the plans. Steve Liesman - 06:25Dr. Scott Gottlieb - 15:46Mellody Hobson & Jason Wright - 26:55
Carl Quintanilla, Sara Eisen and David Faber started the show by looking ahead to President Trump's planned 25% tariffs on Mexican and Canadian goods, set to take effect on Feb. 1. The desk then brought in CNBC's Steve Liesman, along with Chicago Fed President Austan Goolsbee to discuss this morning's PCE report as well as the economic implications of the tariffs. Later in the show, Wedbush analyst Dan Ives explained why he's so bullish on Apple AI strategy following the company's latest quarterly results. Also in the mix; Seema Mody reported on what to expect from President Trump's meeting with Nvidia CEO Jensen Huang . Squawk on the Street Disclaimer
Morgan Brennan and Jon Fortt lead the hour with insights from Bespoke's Paul Hickey and U.S. Bank's Eric Freedman on the markets, plus Steve Liesman breaks down the latest PPI and CPI data. Bernstein's Courtney Breen provides an update on Eli Lilly's performance after a guidance cut sunk the stock. Marko Papic from BCA Research discusses tariffs and the TikTok debate, while Stephen Yalof, Tanger CEO, explores the evolving retail and mall landscape. David George from Baird dives into bank earnings and JPMorgan developments, and Contessa Brewer reports on the latest fire risks. Plus, key takeaways from ICR with On Holding co-CEOs and Planet Fitness CEO Colleen Keating in her first interview in the role, and an update on Firefly in "Manifest Space."
Carl Quintanilla, Courtney Reagan and David Faber spoke with CNBC's Steve Liesman and Chicago Fed President Austan Goolsbee about this morning's PCE print and the Fed's revised rate outlook. Goolsbee's comments sparked a market rebound, saying he expects Fed rates to go down by a “judicious amount” in 2025. The desk also hit two key earnings movers: FedEx and Nike. FedEx topped earnings expectations and shares initially rallied after announcing a spinoff of its freight business. Nike shares tried to rebound after its initial drop, following the company's first quarter under new CEO Elliott Hill. Squawk on the Street Disclaimer
Carl Quintanilla, Sara Eisen and David Faber took a closer look at the markets, with the Dow on pace for its biggest losing streak since 1978. One of the group's components, Nvidia, continued to trade lower; The stock entered correction territory, with shares down more than 10% from its last record close. The desk also turned to President-elect Trump taking aim at pharmacy benefit managers, saying that these “middlemen” are driving up drug costs and need to be eliminated. Shares of UnitedHealth, Cigna and CVS all moved lower on those comments. Senior economics reporter Steve Liesman also joined the show with exclusive results from CNBC's latest Fed Survey. Squawk on the Street Disclaimer
Carl Quintanilla and Sara Eisen took a closer look at Broadcom's big earnings beat, which sent that stock soaring. The chip giant became the latest company to reach a $1 trillion valuation. Leslie Picker also joined the show to discuss the bank stocks, following reports that advisors to President-elect Trump are looking to shrink or eliminate bank regulators. Also in the mix; Steve Liesman broke out CNBC's latest All-America Economic Survey, revealing that despite Bitcoin's big run, the public is still hesitant to own cryptocurrencies. Squawk on the Street Disclaimer
Our Nightcap breaks down Trump's pick for Treasury secretary and Matt Gaetz's move to withdraw his bid for AG. Plus, who's the real Vice President: JD Vance - or Elon Musk? And it wouldn't be a Nightcap without our MVPs of the week. Tara Palmeri, Steve Liesman, Don Lemon, and Donny Deutsch join Stephanie Ruhle for this week's 11th Hour Nightcap.
Lawmakers and economists are debating the future of the Federal Reserve after President-elect Trump's promises to fire Fed Chair Jay Powell and Senator Mike Lee's (R-UT) call to #EndTheFed. Judy Shelton and CNBC's Steve Liesman to discuss the role of the central bank and the constitutional precedent for Fed independence. As the AI revolution ramps up, Goldman Sachs's Jared Cohen highlights the infrastructure needed to support the technology's energy demands. Cohen calls for “data center diplomacy” as AI underscores geopolitics and competition between China and the United States. Plus, the price of bitcoin reached nearly $90,000, Trump's victory has lifted Elon Musk's net worth by $70 billion, and Trump's latest picks for his second administration include Sen. Marco Rubio, Rep. Mike Waltz and Gov. Kristi Noem. Jared Cohen - 12:43Judy Shelton - 25:53 In this episode:Jared Cohen, @JaredCohenJudy Shelton, @judyshelSteve Liesman, @steveliesmanEamon Javers, @EamonJaversBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
A Donald Trump presidency could be worse for the federal budget than a Harris presidency, according to a new report from the Committee For a Responsible Federal Budget. Either way the election goes, CNBC's Eamon Javers says the deficit will grow. CNBC's Steve Liesman considers why neither politicians nor the broader public seem to care about America's soaring debt, and shares his concerns about the deficit's economic impact. A week out from election day, Axios co-founder Mike Allen says the MAGA-World is confident. While the election seems like a coin flip, it could end up a landslide for either candidate. Plus, Trump Media shares surged and Washington Post owner Jeff Bezos published an op-ed defending the newspaper's decision against endorsing a presidential candidate this election cycle. Mike Allen - 30:35 In this episode:Mike Allen, @mikeallenEamon Javers, @EamonJaversSteve Liesman, @steveliesmanBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
The Federal Reserve will make its next decision on interest rates immediately following election day. Former Fed Governor Kevin Warsh is advising his former colleagues at the central bank to do less talking, and more thinking. Warsh considers the meaning of inflation, the role of the Fed, and offers his perspective on the last decision to cut rates by 50 basis points. The morning after Vice President Kamala Harris' town hall with Anderson Cooper on CNN, pollster and strategist Frank Luntz explains why Harris may be struggling to win over persuadable voters. Steve Liesman breaks down CNBC's latest election survey and explains the margin for error in both state and national polling. Plus, Boeing machinists on strike rejected the company's latest labor contract, and Peloton's stock is surging after an investor's bullish comments. Kevin Warsh 19:11Frank Luntz 36:44 In this episode: Phil LeBeau, @LebeaucarnewsSteve Liesman, @steveliesmanBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY
Former President Trump spreads lies about how the White House handled the devastating aftermath from Hurricane Helene as the death toll continues to climb. Plus, tomorrow is the first VP debate between Tim Walz and JD Vance and potentially final debate of the 2024 campaign. And will the White House step in to stop a port strike that could be a stress test for the economy? Jeff Mason, Susan Glasser, Sam Stein, Dan Nathan, Steve Liesman, Basil Smikle, and Tim Miller join the 11th Hour this Monday.
CNBC's Steve Liesman sits down with Treasury Secretary Janet Yellen to discuss what risks she is watching in banks' balance sheets, whether she believes inflation is under control, and much more.
Our Nightcap roundtable is in studio talking the state of the 2024 race with just 60 days until election day. Plus, what's next for gun safety reform after the deadly high school shooting in Georgia. And, everyone shares their MVPs of the week. Steve Liesman, Rev. Al Sharpton, Pablo Torre, and Maya Eaglin join The 11th Hour Nightcap this Friday night.
Frank Holland and the Investment Committee discuss their rate cut playbook following Fed Chair Jerome Powell's comments laying the groundwork for coming rate cuts. Plus, the desk share their latest portfolio moves. And later, Steve Liesman joins us with Chicago Fed President Austan Goolsbee to discuss the Fed, rate cuts and more.
Frank Holland and the Investment Committee are on record-high watch as investors await a critical speech from Fed Chair Jerome Powell in Jackson Hole. Steve Liesman joins us with the latest. Plus, the desk share their latest portfolio moves. And later, we take a look at some of the Committee's high-flying stocks and what they're doing with them now. Investment Committee Disclosures
New highs may be back on the table with the major averages notching their best weekly gains for 2024. Charles Schwab's Kevin Gordon, Payne Capital Management's Courtney Garcia, and Steve Liesman set investors up for a big week ahead culminating in Fed Chair Jerome Powell's all-important speech at Jackson Hole. Plus, Morgan Stanley's Erik Woodring makes the case for more Apple upside. And, noted value investor Scott Black cracks open his playbook to share his top picks.
With just 88 days left until the presidential election, both the Harris and Trump campaigns are shoring up support on Wall Street. Lydia Moynihan of the New York Post shares what she's hearing among financiers, including their opinions of both candidates and their perception of VP Harris' approach to regulation. Former President Donald Trump wants a say in the Fed's interest rate decisions, and CNBC's Steve Liesman shares new data on the health of the American consumer. Plus, CNBC's Carl Quintanilla is in Paris with the National Women's Soccer League Commissioner Jessica Berman. They delve into the impressive performance of Team USA's women's soccer at the 2024 Olympics and discuss the broader implications for the sport's popularity and the NWSL's expansion. Catch the Olympic women's soccer final between Team USA and Team Brazil tomorrow on Peacock and NBC. Lydia Moynihan 15:49Jessica Berman 25:43 In this episode:Lydia Moynihan, @LJMoynihanSteve Liesman, @steveliesmanJessica Berman, @JessicaBerman1Carl Quintanilla, @CarlQuintanillaMelissa Lee, @melissaleecnbcAndrew Ross Sorkin,@andrewrsorkinCameron Costa, @CameronCostaNY
David Faber and Mike Santoli started the hour by discussing the wild week for stocks heading into Friday. The S&P was coming off its best performance since November of 2022, but all 3 major indices were headed lower on the week. The desk also brought in Steve Liesman to discuss Republican presidential nominee Donald Trump saying that he should have a voice when the Federal Reserve makes its decisions on interest rates. After the opening bells, Faber also broke down results from Paramount, with the company announcing it will cut 15% of its U.S. workforce. Squawk on the Street Disclaimer
Character actor and director Griffin Dunne joins Andrew Ross Sorkin at the Aspen Ideas Festival to discuss his new memoir, growing up in Hollywood, and the state of entertainment. Plus, how realistic is the Fed's 2% target inflation rate? CNBC's Steve Liesman and former CEA Chair Jason Furman discuss whether the central bank will and should adjust its goal. Plus, Nvidia stock is down in recent market sessions, the EU is taking aim at Microsoft, and the TSA beat its daily record of screenings, checking 2.99m people on Sunday. Steve Liesman - 14:19Jason Furman - 18:16Griffin Dunne - 26:37 In this episode:Steve Liesman, @steveliesmanJoe Kernen, @JoeSquawkAndrew Ross Sorkin,@andrewrsorkinBecky Quick,@BeckyQuickKatie Kramer,@Kramer_Katie
President of the Federal Reserve Bank of Cleveland Loretta Mester has served under 4 different Fed chairs, including Jay Powell. She discusses the Fed's commitment to hitting their 2% target rate of inflation and the central bank's road to rate cuts. Just a few weeks shy of her Fed retirement, she reflects on years of monetary policy. In this episode:Steve Liesman, @steveliesmanBecky Quick,@BeckyQuickAndrew Ross Sorkin,@andrewrsorkinKatie Kramer,@Kramer_Katie
Ahead of the Tesla shareholder vote on Elon Musk's pay package, Ark Invest CEO and CIO Cathie Wood discusses her new, raised 2029 price target for Tesla. As a Tesla investor and an xAI investor, Wood explains her belief in Elon Musk, Tesla's robotaxi strategy, Apple's entrance into AI, and this new era of innovation. Plus, the Federal Reserve will hold rates steady, CNBC's Steve Liesman reports. In an exclusive interview, Treasury Secretary Janet Yellen discusses the labor market, housing's pressure on inflation metrics, and her latest op-ed about supporting Ukraine's war effort with earnings from billions of seized Russian sovereign assets. Janet Yellen - 11:40Cathie Wood - 28:43 In this episode:Cathie Wood, @CathieDWoodSecretary Janet Yellen, @SecYellenSteve Liesman, @steveliesmanBecky Quick,@BeckyQuickAndrew Ross Sorkin,@andrewrsorkinKatie Kramer,@Kramer_Katie
Steve Ballmer, former Microsoft CEO and LA Clippers Chairman founded the data-driven not-for-profit USAFacts. He's ready to deliver his economic data to Congress and push for transparency in government. Former Republican Speaker of the House Kevin McCarthy is out of his seat but not out of politics. The former lawmaker discusses the 2024 race and explains why this time, the election is more about President Biden than it is about former President Trump. Good economic news, from the Labor Department: May's CPI data shows that inflation could be loosening its hold on the US economy. CNBC's Steve Liesman considers the implications for the Federal Reserve's interest rate strategy. A flurry of headlines have emerged from the Elon Musk universe, including Musk's dropped lawsuit against OpenAI, hidden likes on X, and personal relationships at SpaceX. Plus, competitive eater Joey Chestnut is between a hot dog and an Impossible hot dog…and fans of Nathan's hot dog eating contest will miss out on the reigning champion this year. Steve Ballmer - 14:47Kevin McCarthy - 28:21 In this episode:Kevin McCarthy, @SpeakerMcCarthySteve Liesman, @steveliesmanJoe Kernen, @JoeSquawkBecky Quick,@BeckyQuickAndrew Ross Sorkin,@andrewrsorkinKatie Kramer,@Kramer_Katie
The Atlantic contributing writer and happiness guru Arthur Brooks discusses happiness and the upcoming Presidential election; he says, we can all still like each other, even in the face of political polarization. CNBC's Brian Schwartz reports that former President Trump's campaign raised $12m at a San Francisco fundraiser, and CNBC's Steve Liesman reports on May's jobs report, which came in much hotter than expected. Tesla investor Cathie Wood is backing Elon Musk in his pay deal debate. Plus, Happy Donut Day! Founders of Rise Doughnuts Hugh Mangum and Laura Malone share their sweet small business story to celebrate the day. Steve Liesman - 2:52Brian Schwartz - 7:39Arthur Brooks - 13:42Hugh Mangum & Laura Malone 29:45 In this episode:Arthur Brooks, @arthurbrooksBrian Schwartz, @schwartzbCNBCSteve Liesman, @steveliesmanJoe Kernen, @JoeSquawkBecky Quick,@BeckyQuickAndrew Ross Sorkin,@andrewrsorkinKatie Kramer,@Kramer_Katie