Squawk Pod

SpaceX is just days away from going public in what could be one of the biggest and most closely watched IPOs ever. CNBC’s Leslie Picker examines why this offering differs from a traditional Wall Street debut, and who stands to benefit. Some state pension funds could see significant gains as well; North Carolina State Treasurer Brad Briner discusses how the state's retirement system is positioned ahead of the listing and what it could mean for teachers, firefighters, and police officers in his state. Housing and Urban Development Secretary Scott Turner weighs in on America's housing affordability challenges and the role regulations play in slowing new development. Plus, tensions between the United States and Iran are escalating, and the 2026 FIFA World Cup is expected to be the biggest betting event in history.

Dan Murphy - 04:06

Contessa Brewer - 12:10

Sec. Scott Turner - 19:55

Leslie Picker - 30:52

Brad Briner - 33:39

In this episode:

Dan Murphy, @dan_murphy

Leslie Picker, @LesliePicker

Contessa Brewer, @contessabrewer

Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Cameron Costa, 

@CameronCostaNY

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OpenAI has officially joined the IPO race with its confidential S-1 filing, but fellow AI lab Perplexity is planning to go public in 2028, . After the Senate’s vote-a-rama to pass the reconciliation bill that funds immigration enforcement, Senate Majority Leader John Thune (R-SD) discusses the DC agenda and elections in Texas and Maine. Apple has unveiled Siri AI at its Worldwide Developers Conference, and CNBC’s Dan Murphy reports on President Trump’s confidence in a deal with Iran. Plus, the Spurs may have beat the Knicks in Game 3, but Washington University in St. Louis sports business director Patrick Rishe underscores the importance of the playoffs for NYC’s economy. 

 

Murphy - 04:53

Thune - 15:49

Rishe - 36:15

 

In this episode:

Dan Murphy, @dan_murphy

Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @andrewrsorkin

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.

After a stronger-than-expected May jobs report on Friday, US markets tumbled, breaking the S&P 500’s 9 week winning streak. Steve Liesman explains the monetary policy that could be coming this year under new Federal Reserve Chair Kevin Warsh. Ahead of the SpaceX IPO this week, Leslie Picker reports on retail investor demand for the listing, including which assets investors might flow out of to accumulate enough cash to buy into SpaceX. Despite the hype around Elon Musk’s listing, famed hedge funder Steve Eisman is not as positive. Eisman explains his own rationale for cynicism on SpaceX. Plus, CNBC’s Dan Murphy reports on the first strikes between Iran and Israel since the April ceasefire, and U.S. Agriculture Secretary Secretary Brooke Rollins explains how the USDA is managing screwworm. 

 

Steve Liesman - 04:19

Dan Murphy - 11:40

Leslie Picker - 20:16

Steve Eisman - 26:30

Sec. Brooke Rollins - 36:54

 

In this episode:

Steve Liesman, @steveliesman

Dan Murphy, @dan_murphy

Leslie Picker, @LesliePicker

Robert Frank, @robtfrank

Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @andrewrsorkin

Cameron Costa, @CameronCostaNY

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A week out from the SpaceX IPO, WSJ business columnist Tim Higgins discusses the interest from retail investors. While the Nasdaq plans to fast track SpaceX’s entry into the Nasdaq 100 index, the S&P will not be fast tracking the company into its own marquee index. CNBC’s Robert Frank reports on the major wealth that the IPO will generate for SpaceX employees and of course, for Elon Musk. Plus, the Senate has voted to pass a reconciliation package that approves immigration funding. Anthropic is urging its fellow AI labs to slow down AI’s development. Rep. Lori Trahan (D-MA) and Rep. Jay Obernolte (R-CA) are part of a bipartisan group of lawmakers drafting AI legislation. Happy National Donut Day!

 

Leslie Picker - 9:25

Reps. Lori Trahan & Jay Obernolte - 21:16

Robert Frank 31:27

Tim Higgins 35:56

 

In this episode:

Leslie Picker, @LesliePicker

Robert Frank, @robtfrank

Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @andrewrsorkin

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.

Noted value investor Guy Spier first gained the public's attention in 2007 when he and a partner paid just over $650,000 at a charity auction to have lunch with the world's most famous investor, Warren Buffett. Spier launched his fund Aquamarine in 1997, following closely to Buffett’s principles, but closed it down in early 2026 and returned money to investors following a diagnosis of the brain cancer glioblastoma. He tells Becky Quick how facing the end of his life taught him the true meaning of value.

 

Check out Guy Spier’s podcast and videos: https://www.youtube.com/@GSpier12

Read his newsletter: https://www.guyspier.com/

 

Join us in advancing awareness and understanding of rare diseases. Visit CNBC.com/Cures to access clips, resources, or to sign up for our weekly newsletter. 

 

Learn more about rare disease – and what to do in a diagnosis – at the National Organization for Rare Disorders: https://rarediseases.org/

 

Follow Becky Quick on X: @BeckyQuick

 

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