Crypto Contagion with Binance CEO CZ 12/15/22

12/15/22 • 41 min

In its latest effort to fight inflation, the Federal Reserve has raised interest rates half a point to the highest level in 15 years, but CNBC’s Steve Liesman explains why the markets have reacted poorly. As Wall Street and Washington digest the Capitol Hill hearings on the FTX collapse, the CEO of rival crypto exchange Binance assures investors, “We are financially strong.” Changpeng Zhao “CZ” addresses concerns that his platform is also at risk of liquidity issues, discussing crypto contagion and his own role in the FTX drama. Plus, cheers to the holiday season! Joe Kernen, Becky Quick, and Andrew Ross Sorkin are excited for their shopping–and their festive beverages.

In this episode:

CZ, @cz_binance

Steve Liesman @Steveliesman

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie

In this episode:

CZ, @cz_binance

Steve Liesman @Steveliesman

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie

Previous Episode

Twitter’s ‘Mistakes,’ Tesla’s Slide, & Delta’s CEO Ed Bastian 12/14/22

Since Elon Musk took over Twitter, Tesla’s stock has suffered a slide. Former Twitter CEO Jack Dorsey is speaking out about his own experience leading the social media company; Joe Kernen, Becky Quick, and Andrew Ross Sorkin consider the tricky cocktail of leadership, moderation, and innovation that Twitter demands from its executives, and whether the strain on Tesla is fleeting. FTX founder Sam Bankman-Fried is in custody in the Bahamas, and CNBC’s Kate Rooney reports on what’s next for the bankrupt exchange and its former CEO. Rival crypto exchange Binance is under scrutiny as Wall Street and regulators await the next crypto domino to fall in the FTX fallout. Plus, after a difficult two years, airlines are profitable and surging. Delta CEO Ed Bastian discusses raising Delta’s financial guidance for the years and quarters ahead, as well as the long-awaited contract deal with Delta pilots.

In this episode:

Ed Bastian, @Delta

Kate Rooney, @Kr00ney

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie

Next Episode

Kevin O’Leary’s Defense: Clawbacks & VC Failures 12/16/22

In the continuing FTX saga, the main characters in the soap opera are now at odds: FTX’s disgraced founder Sam Bankman-Fried, Changpeng Zhao of FTX rival Binance, and one of FTX’s investors/spokespeople: Shark Tank investor Kevin O’Leary. The venture capitalist discusses his testimony before the Senate and addresses CZ’s accusation that O’Leary lied to the public. Joe Kernen, Becky Quick, and Andrew Ross Sorkin question O’Leary and his investing judgment as pressure mounts from FTX users who lost money because they trusted the Shark’s endorsement.

In this episode:

Kevin O’Leary, @kevinolearytv

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie