Squawk Pod

Two days after election day, the Nasdaq notched its largest single-day dollar loss on record after $2.5 trillion in market cap was wiped out from AI, neoclouds, and other tech companies. At play is Democratic state governance and regulation, potential data center slowdown, and the overall tech debt landscape. Anthropic’s IPO could become the fulcrum of the entire tech ecosystem, thanks to circular financing deals in tech and AI. Then, billionaire investor Ron Baron has been invested in Elon Musk for well over a decade. On the day of the annual Baron Conference in New York, the legendary founder of Baron Capital explains his long-standing support of Tesla and SpaceX–despite the hit both stocks took after Thursday’s rout. Plus, Kalshi co-founder and CEO Tarek Mansour discusses potential regulation under Democrats and how pollsters and prediction markets got the blue tsunami right in their midterms forecasts.

Ron Baron - 18:17
Tarek Mansour - 41:27

In this episode:
Tarek Mansour, @mansourtarek_
Joe Kernen, @JoeSquawk
Andrew Ross Sorkin, @andrewrsorkin
Katie Kramer, @Kramer_Katie

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After the Democrats flipped both the House and the Senate, The Information CEO and founder Jessica Lessin discusses tech’s allegiances across different administrations, including how Silicon Valley’s politics may swing with power shifts on Capitol Hill. AI pioneer Kai-Fu Lee, former lead at Google China and at Microsoft China, has penned a new book on leadership: “AI Native.” Most CEOs, he says, are going about the AI revolution all wrong. Lee also believes there’s room for China and the U.S. to win the AI race. Plus, OpenAI has pledged to solicit community input in its data center development in a new series of commitments published today.

Jessica Lessin - 18:11
Kai-Fu Lee - 34:54

In this episode:
Jessica Lessin, @jessicalessin
Kai-Fu Lee, @kaifulee
Joe Kernen, @JoeSquawk
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.

Democrats have flipped the House and the Senate in a “blue tsunami” that swept the nation. Pollster and strategist Frank Luntz shares his own exit polling data and considers the motivating factors for many Republicans who voted Democrat in the midterms. Luntz argues, the votes were more a rejection of the GOP than they were an embrace of the left. Then, one Democrat fresh off his reelection win: Maryland Governor Wes Moore. Considered a potential candidate for the 2028 election, Governor Moore discusses the future of the Democratic Party and the hopes of “exhausted” voters. Plus, CNBC’s Megan Cassella reports from Washington, and Robert Frank reports on the voter consensus on taxing the wealthy.

Megan Cassella - 11:14
Frank Luntz- 24:29
Gov. Wes Moore - 38:35

In this episode:
Frank Luntz, @FrankLuntz
Gov. Wes Moore, @iamwesmoore
Joe Kernen, @JoeSquawk
Andrew Ross Sorkin, @andrewrsorkin
Megan Cassella, @mmcassella
Robert Frank, @robtfrank
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.

Happy election day! Results from the midterms could impact CEOs, dealmaking, and the regulatory landscape; CNBC’s Megan Cassella reports on the key races Wall Street is watching. Hedge funder Bill Ackman, with nearly $33 billion under management at Pershing Square, shares his perspective on the markets as the midterms begin. While he’s personally invested in SpaceX, he views the company as too uncertain for inclusion in his hedge funds. Rahm Emanuel, former White House Chief of Staff for President Obama, former congressman, and former Chicago Mayor, discusses America’s political landscape heading into the midterms. He’s calling for the Democratic Party to shift back to the center, rather than further left. Plus, OpenAI hired former U.S. Army Secretary Dan Driscoll as senior counselor for national security modernization.

Megan Cassella - 02:43
Rahm Emanuel - 12:45
Bill Ackman - 31:18

In this episode:
Bill Ackman, @BillAckman
Rahm Emanuel, @RahmEmanuel
Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick
Andrew Ross Sorkin, @andrewrsorkin
Megan Cassella, @mmcassella
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 new travelogue docuseries, actor, comedian, and avid golfer Bill Murray joins friend and author Tom Coyne on a trip through Ireland’s golf courses. Bill and Tom share their journeys with Ireland, their own family roots, and their respective golf games. American Express CEO of 20 years Ken Chenault now serves as Chairman of the famed venture firm General Catalyst. He’s penned a book about his lessons from the C-suite, both on leadership and on citizenship: “Equal to the Task: A Life Forged Between America’s Promise and Its Truth.” Plus, after the biggest crypto heist in history, Binance said it processed $4.65 billion in withdrawals and $1.01 billion in deposits on November 1, with net outflows amounting to 2.1% of Binance’s $171 billion in total assets.

Ken Chenault - 14:11
Bill Murray & Tom Coyne - 28:15

In this episode:
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.