Warren Buffett and Bill Gates together; Blackstone boss Steve Schwarzman on set; a bird pooping on Becky's head; and Dow 15,000! It's "Talking Squawk"—blogging tidbits, insights and some sarcasm on the WEEK THAT WAS, and the WEEK TO COME from the notepad of the senior executive producer of "Squawk Box."
'The Great Gatsby' Rally?
To get you ready for the latest movie version of "The Great Gatsby," starring Leonardo DiCaprio, I figured I'd start this week with a look at what we could call the "Gatsby" stock market.
The current rally to record high after record high is certainly mysterious like Jay Gatsby, confounding many so-called market experts who keep warning of a "correction." Joe Kernen has certainly been out in front on this issue. (video)
But one thing this market rally is lacking, at least from individual investors, is some Gatsby-like passion. We'd pointed out on the show in recent weeks that while the little guy is coming back to the market, it's still been a slog back from the financial crisis and the crisis of confidence that ensued.
Looking at the bull market of 1924-1929, there are similarities to the rally of today. However, we all know what happened at the end of the Gatsby era. Let's hope history doesn't repeat itself.
One thing I think we do right on this show is get our viewers access to arguably the world's greatest investor.
On Monday, we gave you three straight hours of the Oracle of Omaha, following last weekend's annual Berkshire shareholder meeting.
Instead of trying to write something witty, I'll just let him do the talking. We broke it up into topics to make it easier. (And make you click on more web commercials!)
Buffett on… Heinz (video), stocks going higher (video), good companies at cheap prices (video), the wealth effect fueling private jet travel (story and video), bonds being a terrible investment (video), railroads (video), the media (video), the sequester (video), and building value long term (video).
The Blackstone boss is a legend on Wall Street. Now Steve Schwarzman just launched a $300 million scholarship program in China (the largest philanthropic gift in China's history from a foreign donor.) He spent a half hour on the "Squawk" set this week talking about that (story and video), and the soaring stock market and the Fed (story and video).
Viral Bird Poop!
And who says business journalists don't take risks in the name of getting the story. Becky Quick found herself in the line of fire at the end of the Buffett and Gates interview. Call it poopgate!
The Twittersphere lit up in support, and many TV news sites couldn't resist writing about it.
CNBC Buffett Watch Blogger @alexcrippen: Revealing a bird "pooped on her head" just before returning to air, @beckyquickcnbc ends 3-hour live @WarrenBuffett intvu on @squawkcnbc
@CramersShirt: @beckyquickcnbc supposedly that's good luck... #birdpoop
Pop quiz time! So why was it called the Internet bubble?
While shares of Akamai Technologies have soared about 40 percent in the past 52 weeks—trading at around $45 each, they're well below their all-time high of more than $300 in 1999 and their all-time lows of under a buck early this decade.
But somehow the company survived, and now CEO Tom Leighton has the company rising like a phoenix. He also talked to "Squawk" about the hacking problem in China. (story and video)
The Juiceman Cometh
He's the face of "Juicing."
Jay Kordich wrote a new book "Live Food Live Bodies."
He's 89 years old and still plays racquetball.
Ok, maybe I should try some fruits and vegetables once in a while.
Joe Kernen: "What!?"
Andrew: "No! I meant we were both at the Council of Foreign Relations gala with Paul Volker."
Joe: "Oh, too bad."
Look, it's Wharton Finance Professor "Jeremy Kernen"? Check out this control room mash up of Joe Kernen and Wharton prof Jeremy Siegel courtesy of "Squawk" Director @pauldefabo and Technical Director Keith Falcone.
Joe getting cozy at the White House Correspondents' Dinner (a week ago Saturday) with singer Katy Perry. (photo)
Tweets of Note
@huffingtonpost: Four things that will make you instantly happy http://huff.to/18T8Elz
(This is what's wrong with social media. How come I clicked on this link and none of them made me instantly happy? And then that made me mad!)
@dubois: The sun turns into a "Ring of Fire" Thursday. How to watch online: http://nbcnews.to/10rpy6X
(I love almost anything about space and astronomy. But my understanding of a ring of fire is something I definitely don't want to watch. Ouch!)
@seemacnbc: Apple should be its own beat
(You know my rule of Biz TV. Always find a way to mention "Apple" somewhere in you program or risk be ridiculed. Thank you Seema for providing me this week's solution.)
The Big Business of the Girl Scouts
Earlier, we mentioned "The Great Gatsby" and the Roaring Twenties. But the Girl Scouts have been empowering young girls since 1912.
And now, over 100 years later, the Girl Scouts have become big business. Like $700 million in revenue big!
And on "Squawk," we got inside word from the chief Girl Scout, CEO Maria Chavez. (video)
Tuesdays with Murrays
Years ago on CNBC, we had a stock picking segment called "Tuesday with Murrays." (It's my CNBC all-time favorite segment name.)
It was a pair of money managers, who happened to be twins, and came on every Tuesday to pick stocks. (I give full credit to CNBC Producer Rich Fisherman for this epiphany.)
Just look at those guys! (photo)
But who knew Rich was so far ahead of his time?
We have now finished higher on the Dow Jones Industrial Average for 17 Tuesdays in a row. On this past Tuesday, the blue-chip index closed above 15,000 for the first time ever!
If we go 18 for 18 this coming week, I may have to track down the Murrays for a reunion!
Another short week (Becky was in Omaha for part of it)! The final score was Joe with two wins and Becky with none.
Words Becky stumbled on when jumbled: BEDULO (DOUBLE). Joe didn't stumbled on any.
Here's a bonus practice word for Becky: ZGTATEE; and one for Joe too: GNOOLBA.
*Answers at the end
Guest Hosts: Mark Your Calendar (or Set Your DVR)
- Monday: Oscar Schafer, Rivulet Capital
- Tuesday: Jim Chanos, Kynikos Associates
- Wednesday: Robert Wolf, 32 Advisors CEO; Michael Novogratz, Fortress Investment Group
- Thursday: David Kelly, JPMorgan Funds; Larry Bossidy, former Honeywell chairman and CEO
- Friday: Facebook IPO Anniversary day with Business Insider Editor-in-Chief Henry Blodget
- Monday 8:30 a.m. ET: Retail Sales (April)
- Tuesday 8:30 a.m. ET: Import/Export Prices (April)
- Wednesday 8:30 a.m. ET: PPI (April)
- Thursday 8:30 a.m. ET: Weekly Jobless Claims, CPI (April), Housing Starts (April)
An 'Audible' Disruptor
Disruptors and book authors. If this isn't Andrew's sweet spot I don't know what is! He loves this stuff and this week found a guy who used to write books until he figured out how to the flip the whole book industry upside down. Amazon.com bought the idea and made him a fortune. (video)
The "Corny-Sappy Motivational Business-Based Inspirational Quote" for the Weekend
"You miss 100 percent of the shots you don't take." – Wayne Gretzky, former professional hockey player nicknamed "The Great One"
Looking Forward to the Weekend Because …
I can't wait to go buy the weekend edition of The Wall Street Journal! (Just kidding.)
Last Line (Literally)
"So we beat on, boats against the current, borne back ceaselessly into the past." It's the often quoted last line of F. Scott Fitzgerald's, "The Great Gatsby."
*Joe's Jumble Bonus Word Answer: GNOOLBA (BOLOGNA)
*Becky's Jumble Bonus Word Answer: ZGTATEE (GAZETTE)