Fed Meeting Kickoff & Sen. John Fetterman (D-PA) 7/28/26

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The Federal Reserve, under Kevin Warsh, has decided to keep interest rates steady. Former Fed vice chairman Roger Ferguson discusses the decision and the FOMC member dissents. After Dr. Anthony Fauci’s testimony before the Senate Homeland Security Committee, Committee Chair Sen. Rand Paul (R-KY) discusses his plan to consider holding Dr. Fauci in contempt for exercising his Fifth Amendment rights 111 times throughout the hearing. CNBC’s Dan Murphy reports on the latest strikes between the U.S. and Iran, and Amos Hochstein, former White House Senior Advisor for President Biden, discusses strategies in regional conflict and its impact on global energy.     Roger Ferguson - 5:05 Sen. Rand Paul - 21:11 Dan Murphy - 37:03 Amos Hochstein - 42:50   In this episode: Rand Paul, @SenRandPaul 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.

After OpenAI released new information about its model’s hack of Hugging Face, the debate about open-source and closed-source AI wages on. Kindred Ventures founder Steve Jang, an AI, tech, and robotics investor, discusses the future of AI, including the moat around memory chips player SK Hynix, despite recent stock moves. Mark Zuckerberg is on an AI optimism press tour, penning an Opinion piece for The Wall Street Journal and giving interviews to The Financial Times and others. Plus, Senator Rick Scott (R-FL) and Senator Kirsten Gillibrand (D-NY) are both members of the Aging Committee, working to inform senior citizens being targeted by fraud and scams. The senators discuss the rise of AI scams and the tools to keep seniors protected and aware.    Senators Kirsten Gillibrand & Rick Scott - 16:57  Steve Jang - 28:11    In this episode: Kirsten Gillibrand, @SenGillibrand Rick Scott, @SenRickScott 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.

Pennsylvania Democrat Senator John Fetterman has  changed his mind on the filibuster. Sen. Fetterman discusses where he differs from his party lines, including Democratic Socialist efforts around the country. Stephen Miran was appointed by President Trump to the Federal Reserve Board of Governors. Ahead of the central bank’s two-day policy meeting, Miran discusses money supply, its relationship to inflation, and the future of United States monetary policy. He’s expecting the Fed to hold rates steady. Plus, Sherwin-Williams has reported a quarterly beat, Johnson & Johnson has agreed to pay $5.5B to settle the talc lawsuits that have hung over the stock for years, Cracker Barrel is bringing in a new CEO, and YouTube and Peacock are teaming up.   Stephen Miran - 18:31 Sen. John Fetterman - 34:04   In this episode: Stephen Miran, @SteveMiran John Fetterman, @SenFettermanPA 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.

Nvidia is in talks with OpenAI to finance a new data center project in Ohio, according to reports. As markets kick off the busiest week of earnings season, investor Steve Eisman shares his perspective on the AI trade, big tech’s big capital expenditures, the moats around tech and AI companies, and how he’s hedging his own portfolio. CNBC’s Dan Murphy reports on the current pause in fighting between the U.S. and Iran, and RBC Capital Markets’ Helima Croft discusses the conflict’s impact on the energy markets. Plus, PharmatrophiX co-founder and Stanford Professor Dr. Frank Longo explains Compound 31, a new FDA-approved drug to treat Alzheimer’s. He shares his personal journey toward medical innovation in the field, and shares the differentiators between Compound 31 and the Alzheimer’s treatments that have come before it.    Dan Murphy - 07:50 Helima Croft - 12:43 Steve Eisman - 22:36 Dr. Frank Longo - 34:43   In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Dan Murphy, @dan_murphy 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.

In a nearly 90 minute interview, SpaceX and Tesla CEO Elon Musk sat down with The Economist’s editor-in-chief Zanny Minton Beddoes. Beddoes shares her biggest takeaways from the conversation, including the most viral moments about AI regulation and Musk’s own relationship with the alt-right. Partnership for NYC President and CEO Steven Fulop discusses Mayor Mamdani’s appointment of former FTC Commissioner Lina Khan to lead the city’s Economic Development Corporation. He airs concerns about the appointment within the business community. Plus, Wall Street Journal reporter Gunjan Banerji discusses Wall Street’s rush to get first access to President Trump’s posts on Truth Social. CNBC’s Eamon Javers reports on the White House’s newest round of tariffs.    Gunjan Banerji - 8:57 Zanny Minton Beddoes - 21:13 Steven Fulop - 36:15    In this episode: Gunjan Banerji, @gunjanJS Zanny Minton Beddoes, @zannymb Steven Fulop, @StevenFulop Andrew Ross Sorkin, @andrewrsorkin Melissa Lee, @MelissaLeeCNBC Eamon Javers, @eamonjavers 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.

Former CFTC Commissioner Brian Quintenz is now on the board of Kalshi Exchange and a senior advisor to the Coalition for Prediction Markets. The morning after Kalshi unveiled a “Midterms Hub” for election contracts, Quintenz discusses prediction markets regulation and impact on U.S. elections. AI-native IT startup Serval is helping customers like SeatGeek bring IT engineers off of IT help desks and into business units, where they can focus less on support tasks and more on big picture problem solving for the organization. Serval CEO and founder Jake Stauch and SeatGeek CEO Jack Groetzinger discuss the future of work in the age of AI. Plus, Google parent Alphabet has hiked capital expenditures, and Meta has unveiled its newest perspective on AI.    Brian Quintenz - 19:00 Jake Stauch & Jack Groetzinger - 35:28   In this episode: Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin 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.

AT&T reported better-than-expected earnings for its second quarter. CEO John Stankey discusses the results, the future of connectivity, and the potential for partnership with SpaceX’s Starlink. In AI news, Elon Musk announced that Grok Imagine will produce a full length AI adaptation of The Odyssey, and OpenAI has disclosed an “unprecedented cyber incident” in which its models escaped a sandbox and found ways to cheat an internal evaluation by hacking Hugging Face. Plus, president of the National Association of Evangelicals Reverend Walter Kim has penned an op-ed in The Wall Street Journal on the future of AI–and humanity. Rev. Kim discusses his position, as one of many religious leaders to join the conversation about responsible and ethical tech innovation. In geopolitics, President Trump has approved a landmark civilian nuclear deal with Saudi Arabia.    John Stankey - 16:23 Walter Kim - 34:10   In this episode: Rev. Walter Kim, @revwalterkim Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin 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.

U.S. Trade Representative Jamieson Greer signaled another round of President Trump’s tariffs is on the way, on the heels of a new 50% levy on Canadian goods as varied as wine and hockey sticks.  Greer says he expects action soon.  The cyclospora pathogen is sparking fears – and false positives - as regulators struggle to determine the source of the recent explosive diarrhea outbreak. Former FDA Commissioner Dr. Scott Gottlieb describes why this parasite is harder to track down than others. Plus, the U.S. has carried out its 10th consecutive evening of attacks on Iran, as the Middle East conflict approaches the five-month mark.   Eamon Javers - 04:01 Jamieson Greer - 16:50 Dr. Scott Gottlieb - 33:24    In this episode:  Jamieson Greer, @jamiesongreer Scott Gottlieb, @scottgottliebMD Eamon Javers, @eamonjavers Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin 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.

After The Odyssey’s strong opening weekend at the box office, AMC CEO Adam Aron discusses the shifting entertainment landscape and AMC’s financial results this quarter. Aron also discusses audience appetite for films using AI tools and AI actors. AI is also on the table for the next interview, with OpenAI chairman and Sierra co-founder Bret Taylor. Taylor weighs in on the debate about tokenmaxxing, Apple’s lawsuit against OpenAI, and what the future of data sovereignty might look like. He comments on Sam Altman’s public spat with Elon Musk, as well as the push to innovate both stateside and in China. Plus, CNBC’s Eamon Javers reports on the war in Iran, and findings of cyclospora in Taylor Farms lettuce turned out to be a false positive.    Eamon Javers - 05:04 Adam Aron - 17:33 Bret Taylor - 39:08   In this episode: Adam Aron, @CEOAdam Bret Taylor, @btaylor Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Eamon Javers, @eamonjavers 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.