Squawk Pod

Businesses still recovering from Covid-19 shutdowns are now saddled with Tropical Storm Isaias damages. CNBC’s Contessa Brewer shares the storm’s impact on insurers amid the pandemic. Senator Marco Rubio (R-FL), Chairman of the Committee on Small Business and Entrepreneurship, says the worst relief plan for struggling businesses is no stimulus plan. The Senator weighs in on the stimulus stalemate in Congress and TikTok’s journey from hottest teenage app to hottest political headline. CNBC’s Ylan Mui reveals the financial impact of remote university learning on college towns in America, and former White House Health Care Policy Advisor Dr. Zeke Emanuel shares action steps for how schools can reopen safely. Plus, Apple is marching toward a $2T market cap, and Disney is leaning on streaming to survive the year.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Over three million small businesses in the U.S. have closed amid the pandemic, and former Starbucks Chairman and CEO Howard Schultz says that without any "significant stimulus" plans available, millions more will follow. As the coronavirus crisis wears on, schools across the country are strategizing safe education. Julie Kashen, Director at Women's Economic Justice and Senior Fellow at The Century Foundation, discusses what’s at stake for parents--and the economy--in school’s new normal. If children are staying home...who’s caring for them? Plus, Microsoft may have competition in its pitch to buy TikTok, and President Trump wants the U.S. government to receive a cut of the deal. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Microsoft is in talks to buy some of the TikTok business from Chinese parent company ByteDance as U.S. government officials raise concerns about the platform’s risks to national security. Microsoft’s largest shareholder, former Microsoft CEO, founder of USAFacts, and Chairman of the NBA LA Clippers Steve Ballmer talks TikTok, big tech, and Covid cases. Plus, Cameron Mitchell operates dozens of successful restaurants across the country, but he says his industry won’t survive without another stimulus package.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The biggest tech companies and market leaders, Amazon, Apple and Facebook, reported stellar quarterly results. Legendary tech investor, Alan Patricof, says “everybody’s got to face up to the fact they are basically utilities.” Emergency unemployment benefits are set to expire today and Congress and the White House still seem far apart on an agreement. O’Shares ETFs Chairman and ”Shark Tank” Co-Host Kevin O’Leary, and Operation Hope Chairman, John Hope Bryant, discuss what they would like to see be done at the state and federal level. Plus, Shake Shack CEO Randy Garutti on the company’s push in digital, and plans for Drive-Thru services. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jeff Bezos, Tim Cook, Mark Zuckerberg, and Sundar Pichai, leaders of the four tech titans, testified remotely on Capitol Hill for 6 hours this week. Becky Quick, Andrew Ross Sorkin, and Wilfred Frost recap the highlights of the hearings, from antitrust defenses to privacy concerns and technical glitches. Former White House Chief Technology Officer Aneesh Chopra breaks down the evidence presented by the House Judiciary Antitrust Subcommittee and how the hearings may change FTC, DOJ, and state-led investigations into Amazon, Apple, Facebook, and Alphabet. Plus, Senator Mark Warner (D-VA) raises his concerns about what might follow a big tech breakup. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kodak is back. The once-giant corporation responsible for most twentieth century American memories is now reinventing itself as a drug company. Executive Chairman James Continenza explains Kodak’s comeback amid the coronavirus pandemic. SEC Chairman Jay Clayton discusses corporate hygiene as company boards cash in on their own holdings. He issues a word of advice for investors looking to get involved in SPACs, and urges transparency among corporate management. Plus, former FDA Commissioner Dr. Scott Gottlieb discusses the race for a Covid vaccine and planning schools’ fall semesters.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In an interview exclusive to CNBC, billionaire philanthropist and Microsoft co-founder Bill Gates discusses the efforts to find a coronavirus vaccine and therapeutic, how those technologies may change our new normal, and when. Gates weighs in on big tech ahead of the Silicon Valley giants’ antitrust hearings this week, as well as the other tech giant: Elon Musk. Plus, when would Bill Gates send his children back to school?  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

As coronavirus cases spike in hot spots across the country, biopharmaceutical companies race to find a vaccine. Moderna Therapeutics has secured an additional $472 million in government funding to develop its own vaccine candidate, which begins phase 3 human trials today. Moderna CEO Stéphane Bancel discusses the vaccine development and addresses concerns about his executive team’s lucrative and unscheduled stock sales over the past six months. The Harlem Children’s Zone is going national with its efforts to provide communities with holistic Covid-19 relief. President Geoffrey Canada and CEO Kwame Owusu-Kesse discuss the disproportionate effect the pandemic has had on Black communities, and share their approach to scaling relief efforts from NYC to six other cities across the US.   Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Texas Governor Greg Abbott discusses the new $1B Tesla factory moving into Austin. After issuing a statewide mask mandate, Governor Abbott explains his strategy for keeping Texan businesses open amid rising coronavirus cases. The U.S. and China are in a diplomatic spat that’s escalating quickly, and the highly anticipated big tech hearing on the Hill has been postponed. Plus, two Wall Street scandals: Goldman Sachs has reached a settlement with Malaysia, putting the star-studded 1MDB debacle to bed, and Coach & Kate Spade parent Tapestry’s CEO abruptly resigned as questions about his past behavior came to light. Vanity Fair special correspondent and CNBC contributor William Cohan chronicles how what started as a profile on Jide Zeitlin turned into a bizarre discovery of a double life. Happy National Tequila Day! Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Scott Kirby, United Airlines CEO, explains why despite safe and clean air circulation on planes, his industry won’t fully recover until a Covid-19 vaccine is widely available. Tech investor, co-owner of the NBA Golden State Warriors and Virgin Galactic Chairman Chamath Palihapitiya breaks down Tesla’s track for the S&P 500. Palihapitiya, a former Facebook insider, says big tech has “had a good run,” but a breakup is good for competition. Plus, a continuing SPAC education: Palihapitiya’s case for special-purpose acquisition companies after taking a few of his own to the public markets.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.