Squawk Pod

Treasury Secretary Scott Bessent says the Trump Administration will roll out a series of measures aimed at stabilizing oil shipments through the Persian Gulf, as Washington steps into the oil tensions.  He also addressed President Trump’s latest tariff policy.  CNBC’s Dan Murphy reports from Dubai on the main energy traffic artery the Strait of Hormuz, and Sam Altman told OpenAI employees the company doesn’t get to choose how the military uses its technology.  And, CNBC Cures’ first summit brought together rare disease families, care providers, regulators and innovators to tackle some of the world’s most difficult diagnoses.  Check out CNBC Cures and watch videocasts of The Path with Becky on YouTube.

 

Scott Bessent         14:16

CNBC Cures             35:32

 

In this episode:

Dan Murphy, @dan_murphy

Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Katie Kramer, @Kramer_Katie

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President Trump says the U.S. will provide insurance to Persian Gulf tankers to ease the traffic slowdown in the Straight ot Hormuz, tech companies are scrambling to ensure safety of employees in the Middle East, cybersecurity company Crowdstrike beat analysts’ expectations for the fourth quarter, Ross Stores seeing an uptick in shoppers at the off-price retailer, and Democratic lawmakers are potentially working on a proposal that could lead to the breakup and American meatpacking companies

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The U.S.-Iran conflict enters its fourth day, spreading across the region and pushing oil prices higher. CNBC’s Dan Murphy reports on the latest military developments and what the surge in energy costs could mean for markets. On Capitol Hill, lawmakers prepare to vote on President Trump’s war powers in Iran. Senator Tim Kaine (D-Va.) explains why he opposes the strikes and argues Congress must reassert its authority. And, as AI becomes a tool of modern combat, Christoff & Co. CEO Niki Christoff discusses the Pentagon’s partnerships, Anthropic’s dispute with the Defense Department, and whether meaningful guardrails are possible. Plus, JPMorgan Chase CEO Jamie Dimon addresses President Trump’s $5 billion debanking lawsuit, and OpenAI CEO Sam Altman admits a recent defense deal was rushed.

 

Dan Murphy - 02:49

Sen. Tim Kane - 15:35

Nikki Christoff - 27:37

 

In this episode:

Niki Christoff, @NikiChristoff

Sen. Tim Kaine, @TimKaine

Kelly Evans, @KellyCNBC

Joe Kernen, @JoeSquawk

Zach Vallese, @zachvallese 

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In 2024, Jeffrey Allen applied to the first season of “Beast Games,” a reality competition show on Amazon Prime Video that was inspired by the Netflix series “Squid Game” and created by YouTuber MrBeast. Why did this California Dad want to be on a game show?  “Beast Games” offered the largest cash prize in history – and Allen wanted to make a difference in the search for a cure for his son Lucas’ rare disease.

 

Lucas was diagnosed as a toddler with Creatine Transporter Deficiency, or CTD, a rare genetic mutation that blocks the transport of the natural source of energy from the brain and muscle.  Symptoms can include difficulty growing and gaining weight, slowed development of motor skills, intellectual disabilities, autistic behaviors and seizures, according to the National Organization for Rare Disorders. There are, estimated, just a few hundred CTD patients worldwide.

 

Known as Player 831, Jeffrey Allen won the first season of “Beast Games” and the massive $10 million prize. “It’s all a miracle,” he says about the serendipitous achievement and the gift of parenting Lucas. 

 

To follow “Ruck for Rare,” visit: https://creatineinfo.org/ruck4rare/

 

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. 

 

Follow Becky Quick on X: @BeckyQuick

 

Please share your thoughts or rare disease story in the comments, and join us on The Path.

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More U.S. forces head to the Middle East, following the initial strikes in Iran by the U.S. and Israel. CNBC reporters Dan Murphy and Brian Sullivan on the market and global energy industry’s response.  Veteran and venture capitalist Alex Harstrick describes Operation Epic Fury as, potentially, the first “AI War” and the language barriers between Silicon Valley and the Pentagon when it comes to artificial intelligence.  And, former Goldman Sachs CEO Lloyd Blankfein looks back on an epic Wall Street career 

 

Dan Murphy          2:27

Brian Sullivan          11:37

Alex Harstrick       24:42

Lloyd Blankfein      34:00

 

In this episode:

Dan Murphy, @dan_murphy

Brian Sullivan, @SullyCNBC

Lloyd Blankfein, @lloydblankfein

Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Katie Kramer, @Kramer_Katie

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