American Dreams & Patriot Travels 07/03/24

After a landslide win for the Labour Party in the UK, Sky News anchor and former CNBC anchor Wilfred Frost explains Keir Starmer’s support, his policies, and the future of the nation’s economy. Here in the US, Democrats are debating the results of the Presidential debate, including whether President Biden should step aside. CNBC’s Megan Cassella reports on the high stakes for President Biden’s TV interview on Friday, and author and professor Adam Grant explains the psychology at play, both for Biden and for the Democratic Party. Friday marks a deadline for Boeing to either plead guilty or go to trial against the Department of Justice over the deadly crashes of 2018 and 2019 and the quality mishaps in subsequent years. Former United Airlines CEO Oscar Munoz considers the costs of each decision, as well as the state of the travel industry at large. Plus, the June jobs report is out–and it’s a set of conflicting labor metrics to inform the Federal Reserve’s next policy decision.  Wilfred Frost - 2:24Megan Cassella -13:58Adam Grant - 17:50Oscar Munoz 27:31 In this episode:Wilfred Frost, @WilfredFrostAdam Grant, @AdamMGrantMegan Cassella, @mmcassellaJoe Kernen, @JoeSquawkAndrew Ross Sorkin,@andrewrsorkinKatie Kramer,@Kramer_Katie

Ahead of the July 4th holiday, Kayak CEO Steve Hafner says this summer is a good time to fly, as demand has not kept up with flight supply. As America celebrates its 248th year of independence, CNBC’s Jon Fortt considers the state of the American Dream for this generation. Plus, the week’s top headlines in business and politics: Paramount’s hunt for a partner, Eli Lilly’s big Alzheimer’s drug approval, and President Biden’s support among Democrats. Happy 4th! Megan Cassella 6:26Phil Lebeau - 15:32Steve Hafner - 20:12Jon Fortt - 24:42 In this episode:Megan Cassella, @mmcassellaJon Fortt, @jonforttJoe Kernen, @JoeSquawkAndrew Ross Sorkin,@andrewrsorkinKatie Kramer,@Kramer_Katie

The Supreme Court has ruled that former President Donald Trump is immune from criminal prosecution for official acts as president, sparking a debate about Presidential immunity and accountability. The Anti-Defamation League has sued Iran, Syria, and North Korea, aiming to hold them accountable for supporting Hamas in its October 7th attacks against Israel. CEO and National Director Jonathan Greenblatt explains why he’s seeking financial compensation for over 125 plaintiffs. The Department of Energy is releasing 1 million barrels of gasoline to lower pump prices before the July 4th holiday. And ahead of that holiday, author and immersive journalist A.J. Jacobs wrote “The Year of Living Constitutionally” about his year living as closely as possible to the Constitution’s guidelines. He explains what he learned using a quill pen and adhering to 18th century norms for a year.  Jonathan Greenblatt - 15:42A.J. Jacobs - 23:35 In this episode:Becky Quick,@BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin,@andrewrsorkinKatie Kramer,@Kramer_Katie

In the wake of the first Presidential debate, President Biden’s campaign is fundraising and rallying support despite a disappointing performance. Andrew Ross Sorkin, CNBC’s Megan Cassella, and Axios correspondent Alex Thompson share their respective reporting from different sources across the Democratic party. The Supreme Court has overturned a 1984 decision called ‘Chevron,’ which set a precedent for lower courts to defer to federal agencies when interpreting ambiguities in laws passed by Congress. Former FDA Commissioner Dr. Scott Gottlieb explains what work the FDA has done under Chevron, and he outlines the challenges that lie ahead, after the new ruling. Plus, the summer box office is ‘Inside Out’ and heating up, and so are politics in France. Megan Cassella - 13:15Alex Thompson -  15:56Dr. Scott Gottlieb - 28:35 In this episode:Megan Cassella, @mmcassellaDr. Scott Gottlieb, @ScottGottliebMDAlex Thompson, @AlexThompBecky Quick,@BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin,@andrewrsorkinKatie Kramer,@Kramer_Katie

America–and the Squawk team–is digesting the CNN Presidential Debate. CNBC’s Eamon Javers reports on the respective performances of Presidents Joe Biden and Donald Trump, including Democrats’ concerns about President Biden’s stamina. Investor and briefly the Communications Director for President Trump Anthony Scaramucci digests the debate, the future of the Democratic ticket, and what it all means for investors. In Colorado, Andrew Ross Sorkin reports on the debate reaction at the Aspen Ideas Festival. He shares comments from legendary entrepreneur and venture capitalist, early Facebook investor, and former GOP donor Peter Thiel. Thiel explains his take on social media, China’s plans for Taiwan, and he makes a surprising call on bitcoin.  Eamon Javers - 2:15Anthony Scaramucci - 15:05Peter Thiel - 27:48 In this episode:Peter Thiel, @peterthielAnthony Scaramucci, @ScaramucciEamon Javers, @EamonJaversBecky Quick,@BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin,@andrewrsorkinKatie Kramer,@Kramer_Katie

In a rare family interview, former Mylan CEO Heather Manchin and her father Senator Joe Manchin (I-West Virginia) discuss America’s future ahead of the first Presidential debate. The Senator shares his hopes for U.S. leadership, and both discuss their Americans Together effort to back centrist politicians. One of AI’s leading innovators is Mustafa Suleyman; years after co-founding DeepMind, Suleyman is CEO of Microsoft AI, and while at this year’s Aspen Ideas Festival with Andrew Ross Sorkin, he shares his perspective on the “AI arms race” and his vision for artificial intelligence. Plus, Walgreens stock plunged after reporting disappointing quarterly results and announcing store closures.  Mustafa Suleyman - 14:57Heather and Joe Manchin - 30:21 In this episode: Mustafa Suleyman, @mustafasuleymanJoe Manchin, @Sen_JoeManchinMelissa Lee, @MelissaLeeCNBCJoe Kernen, @JoeSquawkAndrew Ross Sorkin,@andrewrsorkinKatie Kramer,@Kramer_Katie

Award-winning producer Brian Grazer joins Andrew Ross Sorkin from the Aspen Ideas Festival to discuss AI’s impact on storytelling and content creation. S&P Global Vice Chair and oil market watcher Dan Yergin explains AI’s role on the US energy grid–and on the 2024 election. Plus, some primary results are in, FedEx’s cost-cutting measures are paying off, and CNBC’s Eamon Javers reports on Donald Trump’s VP options.  Daniel Yergin - 18:25Brian Grazer - 28:17 In this episode:Eamon Javers, @EamonJaversMelissa Lee, @MelissaLeeCNBCJoe Kernen, @JoeSquawkAndrew Ross Sorkin,@andrewrsorkinKatie Kramer,@Kramer_Katie

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

From the Aspen Ideas Festival, Carlyle Group co-founder and co-chairman, David Rubenstein, discusses the state of the 2024 race, the Fed’s inflation fight, the state of the economy, and his MLB team ownership. European Union regulators claim that Apple has breached new digital competition laws by preventing app developers from guiding consumers to more affordable services. Joe Lonsdale, founding partner of 8VC and co-founder of Palantir, discusses Apple’s dominance in the app store, the EU's allegations, and how there may be growing silent support in Silicon Valley for former President Trump. Plus, Bitcoin continues its descent to $60,000, and Apple and Meta have discussed an AI partnership for Apple Intelligence. Joe Lonsdale - 14:41David Rubenstein - 25:18 David Rubenstein, @DM_RubensteinJoe Lonsdale, @JTLonsdaleJoe Kernen, @JoeSquawkAndrew Ross Sorkin,@andrewrsorkinBecky Quick,@BeckyQuickKatie Kramer,@Kramer_Katie

New York Governor Kathy Hochul has signed two bills into law to regulate digital platforms' algorithms and the use of children's data, aiming to protect children and teens online. Gov. Hochul discusses the impact of the first-in-the-nation legislation and also addresses the future of congestion pricing in New York City. Jared Bernstein, Chair of President Biden’s Council of Economic Advisers, discusses the current state of the economy, President Biden’s initiatives to lower the cost of living for Americans, government spending, and its impact on the federal budget deficit. Meanwhile, a cyber outage at retail technology and software provider CDK is affecting automobile dealers across the United States. Plus, Amazon’s new AI-powered Alexa might cost you $10 per month.  Jared Bernstein - 11:33Gov. Kathy Hochul - 25:30 Jared Bernstein, @econjared46Gov. Kathy Hochul, @GovKathyHochulJoe Kernen, @JoeSquawkBecky Quick,@BeckyQuickKatie Kramer,@Kramer_Katie