Election Campaigning: Appeals to Voters & Debate Details 5/22/24

Tesla shareholders voted to reinstate Elon Musk’s $56B pay package and to move the company’s corporation from Delaware to Texas. It was a big victory for Musk, but former SEC Chair Jay Clayton says, there’s still more to hash out. Fresh off DC meetings with Republican lawmakers and CEOs, former President Donald Trump is celebrating his 78th birthday. CNBC’s Emily Wilkins reports on the meetings, and Trump’s tax proposals. Attendee House Majority Leader Steve Scalise explains the agenda and the GOP’s plans heading into the November election.   Jay Clayton - 2:02Rep. Steve Scalise - 20:50 In this episode:Rep. Steve Scalise, @SteveScaliseEmily Wilkins, @emrwilkinsBecky 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

Apple has entered the AI arms race. WSJ personal tech columnist Joanna Stern discusses the OpenAI-Siri integration, Genmoji, privacy, and Elon Musk’s reaction to Apple’s announcements at the company’s Worldwide Developers Conference. In the wake of EU elections and a shift to the political right across the bloc, Council on Foreign Relations president emeritus Richard Haass considers implications for US politics. He says it’s a tough time for incumbents, and it’s an uncertain world for whoever wins in the upcoming election. Plus, former media executive Edgar Bronfman is reportedly considering a bid for Paramount’s parent company, CNBC’s Emily Wilkins reports on the bipartisan support to crack down on hotel junk fees, and an FDA advisory panel has endorsed Eli Lilly’s Alzheimer’s drug. Richard Haass - 13:29Joanna Stern - 22:23 In this episode:Joanna Stern, @JoannaSternEmily Wilkins, @emrwilkinsJoe Kernen, @JoeSquawkBecky Quick,@BeckyQuickAndrew Ross Sorkin,@andrewrsorkinKatie Kramer,@Kramer_Katie

Less than 5 months from Election Day, two economic policy experts discuss the sticking points in Bidenomics and Trumponomics. Former President Trump’s 2024 senior economic advisor Steve Moore and former CEA chair under President Obama Jason Furman discuss taxes, tariffs, and energy policy. In a discussion about regulation, former FDIC chair Sheila Bair argues in a recent op ed, not all mergers are bad for consumers. Plus, the far right made big gains in the EU’s elections, Caitlin Clark was not chosen for Team USA, and GameStop tumbled 40% after meme stock enthusiast Keith Gill AKA Roaring Kitty held a livestream.   Steve Moore & Jason Furman - 12:20Sheila Bair - 25:39 In this episode:Joe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie 

This bonus episode of Squawk Pod, from our partners at “The Keynote,” features the two most important players in the Biden Administration’s comprehensive reshaping of antitrust law. Federal Trade Commission Chairperson Lina Khan, and U.S. Assistant Attorney General for the Antitrust Division Jonathan Kanter joined Andrew Ross Sorkin at the CNBC CEO Council Summit on June 4th 2024. They spoke about how they have reinvigorated antitrust enforcement, the challenges and opportunities of the digital age and why they feel empowered to act. Plus, one reveals their “Swiftie” status. To listen to other interviews from events check out “The Keynote by CNBC Events” here: https://podcasts.apple.com/us/podcast/the-keynote-by-cnbc-events/id1493248246. For information on upcoming events visit: CNBCevents.com. In this episode:Lina Khan, @linakhanFTCJonathan Kanter, @JusticeATRAndrew 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

In a rare interview, Tesla Chair Robyn Denholm discusses the upcoming shareholder vote on Elon Musk’s pay package. She discusses Musk’s leadership and Tesla’s growth trajectory. New York Governor Kathy Hochul has paused the NYC congestion pricing plan indefinitely; NJ Representative Josh Gottheimer explains why he and many other New Jerseyans are celebrating. Plus, Nvidia has hit the $3T mark, and Boeing’s outgoing CEO Dave Calhoun will testify before the Senate on his way out of the C-suite.  Josh Gottheimer - 12:13Robyn Denholm - 24:37 In this episode:Joe Kernen, @JoeSquawkBecky Quick,@BeckyQuickAndrew Ross Sorkin,@andrewrsorkinKatie Kramer,@Kramer_Katie

At the Tesla shareholder meeting on June 13th, shareholders will vote (again) on Elon Musk’s compensation package. Longtime Tesla believer and billionaire Ron Baron says he’s voting for the package. In an extended interview, Baron discusses the billions of dollars he has wrapped up in the ‘Elon Musk Ecosystem,’ and how each venture will eventually help the others. CNBC’s Diana Olick explains the state of the housing market, the FCC is looking into AT&T’s latest outage, and The New York Times is reporting that Israel has conducted a covert social media campaign to influence Democrat lawmakers.  Ron Baron - 09:35Diana Olick - 32:50 In this episode:Joe Kernen, @JoeSquawkBecky Quick,@BeckyQuickAndrew Ross Sorkin,@andrewrsorkinCameron Costa, @CameronCostaNY

Jeffrey Katzenberg led The Walt Disney Studios, he founded DreamWorks, he made Shrek, and now he’s doubling down on tech and cybersecurity investing at WndrCo. Katzenberg and Sujay Jaswa, his co-founder at WndrCo, discuss their $460m raise and their bets on AI’s impact across tech and entertainment. Plus, the Hollywood mogul comments on the potential Paramount-Skydance merger and his faith in Bob Iger. Deputy Treasury Secretary Wally Adeyemo has returned from Ukraine and joins Andrew Ross Sorkin at the CNBC CEO Council Summit in Washington, DC. Deputy Sec. Adeyemo discusses the Russian war machine, inflation pressures for American consumers, and the Biden administration’s message to China. Today’s other headlines include Intel’s newest chip and the latest meme stock mania.  Jeffrey Katzenberg & Sujay Jaswa - 16:47Wally Adeyemo - 31:50 In this episode: Wally Adeyemo, @wallyadeyemoJoe Kernen, @JoeSquawkBecky Quick,@BeckyQuickAndrew Ross Sorkin,@andrewrsorkinKatie Kramer,@Kramer_Katie