CEO Confidence, The Rally’s Longevity, & Elon Musk’s Hot (and Unpopular) Take 10/4/22

10/04/22 • 20 min

1 Listener

After a bright start to the fourth quarter, Joe, Becky, and Andrew consider what’s driving the rally, whether it will last, and what the Fed might do in response. In KPMG’s new CEO survey, almost all 400 leaders included, the vast majority of them (91%) are expecting a recession in the next year, but even more of them (93%) are confident in the growth prospects for the U.S. economy. KPMG Chair and CEO Paul Knopp discusses the survey findings, including the biggest concerns weighing on the c-suite, and the biggest opportunities that executives envision on the horizon. CNBC’s Diana Olick reports on the hybrid work model’s impact on urban office space, just as Meta announced layoffs and an office closure in New York. Plus, Theranos founder Elizabeth Holmes is getting another hearing and Elon Musk is in hot water on Twitter.

In this episode:

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Diana Olick @DianaOlick

Cameron Costa, @CameronCostaNY

In this episode:

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Diana Olick @DianaOlick

Cameron Costa, @CameronCostaNY

Previous Episode

Kim K’s Crypto Ad with SEC Chair Gensler; Credit Suisse Concerns 10/3/22

Kim Kardashian’s Instagram ad post about the EthereumMax token has cost her $1.26 million. SEC Chair Gary Gensler discusses the celebrity’s settlement with the regulator and explains why her post–and others from DJ Khalid and Steven Seagal–raised a flag that other celebrity ads do not. Concerns about whether Credit Suisse is on the brink of a “Lehman moment” have rocked the global banking industry. Andrew reports on the Swiss bank’s financial health and the fallout it could have on the rest of the financial ecosystem. Plus, Hurricane Ian has claimed dozens of lives, and as one of the biggest storms to ever hit the U.S., its path is costing residents and insurers millions, from South Carolina down to Florida. Property and casualty insurance analyst from KBW Meyer Shields discusses the widespread damage, and offers tips for maintaining water supply and building safety for those returning home for the recovery.

In this episode:

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Cameron Costa, @CameronCostaNY

Next Episode

The Twitter, Musk Affair: On Again, Off Again, On Again 10/5/22

Elon Musk’s deal to buy Twitter is back on track–but questions remain. Can he afford it, and does he have the time to run it? CNBC’s wealth reporter Robert Frank maps out Musk’s financial ability to complete the deal, highlighting the $6 billion he’s still short. If he scrounges together the cash to succeed, Musk biographer Walter Isaacson considers whether Musk has the time to run the platform, and offers insights into the billionaire’s desire to own the platform in the first place. It might, he suggests, be to create a “super app”; CNBC’s China Tech Correspondent Arjun Kharpal discusses whether Musk could turn Twitter into a “super app” like China’s WeChat.

In this episode:

Walter Isaacson, @WalterIsaacson

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Arjun Kharpal, @ArjunKharpal

Cameron Costa, @CameronCostaNY