The U.S.-Iran Escalation Explained 06/23/25

Senators will begin offering amendments to President Donald Trump’s legislative package after a weekend of tense negotiations aimed at advancing his second-term domestic agenda. CNBC’s Emily Wilkins breaks down the so-called “vote-a-rama.” Then, Verizon CEO Hans Vestberg reflects on 25 years since the company formed from the merger of Bell Atlantic and GTE. Meanwhile, Apple’s new film ‘F1,’ produced by Jerry Bruckheimer and starring Brad Pitt, opened in theaters with a strong box office performance. Bruckheimer discusses the film’s success, the future of Hollywood, and the challenge of competing with streaming. Plus, Zohran Mamdani, the presumptive Democratic nominee for New York City mayor, said that he believes billionaires should not exist. Emily Wilkins - 03:47Hans Vestberg - 22:00Jerry Bruckheimer - 32:40 In this episode:Emily Wilkins, @emrwilkinsHans Vestberg, @hansvestbergBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY

The 5 things you need to know before the stock market opens today: China’s manufacturing contracted for the third consecutive month, President Trump has teased a buyer for TikTok, Tesla says it has completed its first driverless delivery of a new car, and Warren Buffett is making a $6B donation.  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. 

Exxon Mobil CEO Darren Woods discusses the global oil supply in the face of the Israel-Iran conflict, and he highlights the difficulty of the EU’s regulatory push to reduce emissions. YouTuber and influencer Dhar Mann is one of the top scripted creators, and he’s partnered with former MTV president Sean Atkins to create a new production studio specifically for online content creators. The two discuss the addition of creator-driven content to the evolving media landscape. Plus, China and the United States have agreed to a framework for a trade deal, and CNBC’s Sharon Epperson reports on a new money habit for Americans: “revenge saving.” Sharon Epperson - 09:31Darren Woods - 16:27Dhar Mann & Sean Atkins - 32:28 In this episode:Dhar Mann, @dharmannSean Atkins, @atkinsseanSharon Epperson, @sharon_eppersonBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkKatie Kramer, @Kramer_Katie

The 5 things you need to know before the stock market opens today: key inflation data is out today, Elon Musk has fired Tesla’s vice president of manufacturing and operations, a changing of the guard at Vogue, Uber may reunite with founder Travis Kalanick, and a small intimate wedding in Venice for the world’s fourth-richest person. 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. 

President Trump continues to pressure Fed Chair Jay Powell to lower interest rates. Sen. Elizabeth Warren (D-Mass.) reacts to Powell’s testimony and the Fed’s next move. Warren discusses the impact of tariffs on inflation and the state of the Democratic Party. Meanwhile, Health Secretary Robert F. Kennedy Jr.’s revamped vaccine panel has begun reviewing long-approved U.S. vaccines. Former FDA Commissioner Dr. Scott Gottlieb shares his thoughts on the CDC’s new advisory board and the future of vaccine policy. Plus, the latest on President Trump’s legal battle with Paramount and are crypto mortgages in our future? Sen. Elizabeth Warren - 16:28Dr. Scott Gottlieb - 35:16 Sen. Elizabeth Warren, @SenWarrenDr. Scott Gottlieb, @ScottGottliebMDBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkZach Vallese, @zachvallese

An early backer of Facebook and Netflix, Philippe Laffont is known as the founder of famed hedge fund Coatue. In an exclusive and rare interview, Laffont explains his investment strategy through the entire life cycle of companies. He shares his optimism for technological innovation and his belief that AI-prompted changes in business will eventually yield a new era of entrepreneurship and profits. Plus, President Trump is at the NATO summit, CNBC contributor and former Democrat politician Michelle Caruso-Cabrera discusses Zohran Mamdani’s victory in the NYC mayoral primary, and Alex Rodriguez is now part owner of the Minnesota Timberwolves in a deal long in the making.  Michelle Caruso-Cabrera – 6:24Philippe Laffont - 20:04 In this episode:Michelle Caruso-Cabrera, @MCaruso_CabreraBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie

The 5 things you need to know before the stock market opens today: Treasury Secretary Scott Bessent believes President Trump’s tax and spending bill is on track for Senate passage this week, betting site Polymarket is close to raising $200 million in a new funding round, there’s a new opportunity for crypto investors to have access to private companies, chip design firm Ambarella is working on a potential sale, and Micron reports quarterly results after the bell.  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. 

President Donald Trump says he is “not happy” that Israel fired fresh rockets at Iran. CNBC’s Megan Cassella breaks down the latest on a ceasefire. Then, Rep. Mike Lawler (R-N.Y.) discusses more on the Israel-Iran conflict and the SALT deduction cap. Plus, New Yorkers are heading to the polls to rank their choices for the Democratic mayoral primary. Kathryn Wylde, Partnership for New York City president and CEO, discusses the state of race and the late surge by Zohran Mamdani. Meanwhile, Fed Chair Powell testifies today and this year’s Game 7 of the was the most watched NBA Finals game in 6 years. Megan Cassella - 03:05Rep. Mike Lawler - 28:44Kathryn Wylde - 42:48 In this episode:Megan Cassella, @mmcassellaRep. Mike Lawler, @lawler4nyKathryn Wylde, @Partnership4NYCBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie

President Donald Trump said the U.S. has struck Iranian nuclear sites, escalating the Israel-Iran conflict. Retired U.S. Army Col. Jack Jacobs explains the strategic impact of the attack and what Iran might do next. CNBC’s Emily Wilkins covers the reaction in Washington and gives an update on President Trump’s Big Beautiful Bill. Then, Gilead Sciences CEO Daniel O’Day talks about the FDA approval of Yeztugo, a twice-yearly HIV prevention drug, and its importance in public health. Plus, Pixar’s Elio sees the worst box office opening in the studio’s history. Col. Jack Jacobs - 05:06Emily Wilkins - 17:39Daniel O'Day - 24:20 In this episode:Emily Wilkins, @emrwilkinsBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinZach Vallese, @zachvallese

The 5 things you need to know before the stock market opens today: President Trump says damage to Iran’s nuclear program is “monumental” following U.S. strikes, investors are watching the oil markets’ closely, Tesla started robotaxi service in Austin, Apple may beef up AI capabilities with a big acquisition, and the Oklahoma City Thunder has won the NBA Championship. 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.