Binance was hacked in the largest crypto heist ever, impacting $6.3 billion, and Alphabet stock suffered its worst day since Google went public in 2004, dropping 13% on Thursday and wiping out roughly $500 billion in market cap. Just days away from the U.S. midterms, Representative Suzan DelBene (D-WA) addresses her party’s hopes for voters as they cast ballots with affordability in mind. As Chair of the Democratic Congressional Campaign Committee, Rep. DelBene also addresses the Democrats’ voting scandal in Alaska. Plus, biographer Walter Isaacson discusses Elon Musk’s involvement in politics, including his latest X post warning that democracy is at stake in the upcoming election.

Suzan DelBene - 16:34

Walter Isaacson - 30:20

In this episode:

Rep. Suzan DelBene, @RepDelBene

Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie

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Fed Chair Kevin Warsh announced that the Federal Reserve is holding interest rates steady. CNBC’s Steve Liesman breaks down the decision, and former director of the National Economic Council Gary Cohn looks to the Fed’s future, risks in the AI economy, and what’s coming for consumers. Former New Hampshire Governor Chris Sununu (R) now leads the Airlines for America trade organization, and he warns that jet fuel prices will continue to feel pressure from the Iran war. He’s watching his own brother’s election as well as the rest of the key midterms races around the country. Plus, ECB President Christine Lagarde is stepping down, and the Milwaukee Brewers are baseball’s world champions for the first time in their history.

Steve Liesman - 04:37

Gary Cohn - 16:23

Chris Sununu - 35:34

In this episode:

Gary Cohn, @Gary_D_Cohn

Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @andrewrsorkin

Steve Liesman, @steveliesman

Katie Kramer, @Kramer_Katie

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

California voters will decide next week whether to impose a one-time 5% tax on residents worth more than $1 billion. Paris School of Economics Professor Gabriel Zucman joins to advocate for the proposal while Stanford’s Joshua Rauh explains why it will generate far less revenue than projected. Former U.S. Ambassador to NATO Kurt Volker breaks down the pockets of unrest around the world: Houthis in Yemen, protests in Europe, and the ongoing war in Ukraine. The Israeli elections still have no clear winner, and Amb. Volker warns that it may be some time before results are declared. Plus, GM is planning to roll out new hybrid vehicles, and Sam Altman is warning the public about cybersecurity risks exposed by AI

Zucman/Rauh - 13:22

Volker - 31:55

In this episode:

Gabriel Zucman, @gabriel_zucman

Joshua Rauh, @joshrauh

Kurt Volker, @kvolker

Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.