Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME from the notepad of the show's senior executive producer.
Joe's New Murse
A lot happened this week. It's hard to know where to start. So in the true spirit of this blog, I thought it was totally appropriate and newsworthy to begin with Squawk co-host Joe Kernen and his new "murse" (man purse). Here's a look at how Joe reacted when he opened his gift (watch video below or here).
It was presented early in the show on Thursday by guest host and our favorite former BuzzFeeder Jon Steinberg, who espoused the convenience of this nifty carry-all in his previous appearance and boasted how it made him look like Indiana Jones. So now Joe can look like Jon (and Harrison Ford). We of course milked the "murse" bit for three hours.
David 'Fricking' Tepper
Billionaire hedge fund manager David Tepper told investors this week they need to keep some cash on the sidelines.
But we're not sure what sparked more debate, the Appaloosa Management boss' cautious comments or whether he said "frickin,'" "fricking," or "friggin'" ... while warning investors about the markets. Our Kate Kelly helped us sort it all out.
The history of Tepper and "Squawk" dates to September 2010 with an appearance that sparked what was dubbed "The Tepper Rally" after he said the Fed's asset-purchase program virtually guaranteed strength in stocks. He's been on the show a few times since (here, here, here)—each time reaffirming his bullish stance.
But his cautionary tone this past week is new and rather troubling considering he made the most money of any hedge fund manager in 2013 at $3.5 billion.
A view from Capitol Hill
Sen. Bob Corker is a longtime friend of the show. The Tennessee Republican came on this week to discuss his plans to unwind Fannie and Freddie.
But he also addressed why he thinks the U.S. and Europe are not doing enough with sanctions to keep Russia from meddling in eastern Ukraine, and why Pfizer's efforts to bolt to the greener corporate tax pastures of the U.K.should be deterred.
Close the loopholes
On the Democratic side, former Rep. Barney Frank from Massachusetts shared his thoughts on what he'd like to see done to offset some of the tax burden and make sure more people pay their fair share of the tax rate.
David Rubenstein runs the Carlyle Group, and he stepped up big-time to help restore the Washington Monument after it was damaged a few years ago during that rare East Coast earthquake.
The iconic obelisk re-opened to visitors this past Monday, and Rubenstein was there to explain to us why this type of public-private partnership should be a model for future projects of this scale.
Climate change laws and the economy
Laws designed to combat climate change won't do anything but hurt economic growth, said Sen. Marco Rubio on the show Wednesday. The Florida Republican—and possible presidential candidate—also weighed in on retirement savings.
Geithner's 'Stress Test'
Tim Geithner sat down with Squawk co-host Andrew Ross Sorkin in an interview that aired on Monday, the former Treasury secretary's new book "Stress Test" hit stores. He started out by defending of his role in the 2008 financial crisis, and then we got him talking about the news of the day including the economy and corporate taxes (check out Andrew's New York Timescolumn from Tuesday about what's really behind Pfizer's plan to buy with AstraZeneca).
Earnings on tap
- Monday: Urban Outfitters
- Tuesday: Analog Devices, Intuit, Medtronic, Salesforce.com, Staples, TJX Companies
- Wednesday: Dick's Sporting Goods, Hormel Foods, Lowe's Companies, Target, Tiffany & Co.
- Thursday: Aeropostale, American Eagle Outfitters, Best Buy, Children's Place, The Gap, Hewlett-Packard, Pacific Sunwear, Tivo, Toro
- Friday: Foot Locker, Sears Holdings, Williams-Sonoma
Hair Nation: 'Joe Corker'
When we get bored in the control room, bad things happen (thanks to our show director @PaulDeFabo and our technical director @Keith_Falcone).
This week, Joe just couldn't keep his political aspirations under wrap. But I'm sure hope Senator Corker doesn't want to run for president because pictures like these can sink a candidate fast.
Squawk co-host Becky Quick's travels this past week put the Word Jumble on hold until next week. But to keep everybody's mind fresh we offer the bonus words anyway. Here is Joe's word of the week: PFPOLY. Becky's word is AELTOH.
(A few quick shout-outs to our CNBC colleagues and a few outside journalists who stepped in for Becky and Andrew this week: @MCaruso_Cabrera and @kaylatausche as well as @Jonsteinberg).
Mark your calendar (or set your DVR)
- Monday: Michael O'Leary (Ryan Air CEO) and Susan Story (American Water Works CFO)
- Tuesday: Julian Emanuel (UBS) , Mary AnnBartels (Merrill Lynch Wealth Management), and Dr. Oz!
- Wednesday: Jim O'Shaughnessy (Platinum Portfolio picker) and Dennis Gartman (The Gartman Letter)
- Thursday: James Paulsen (Wells Capital Management) and Richard Kovacevich (Former Wells Fargo CEO)
- Friday: Richard LeFrak (LeFrak Organization) and WoodyJohnson (New York Jets Owner)
Next week's economic calendar
- Monday: 3 & 6 Month Bill Auction
- Tuesday: ICSC Goldman Store Sales
- Wednesday: FOMC Minutes
- Thursday: Jobless Claims and Existing Homes Sales
- Friday: New Homes Sales
The Corny-Sappy, Motivational Business-Based, Inspirational Quote
"An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today."
—Laurence J. Peter, father of "The Peter Principle"
*Joe's Jumble bonus word answer: PFPOLY = FLOPPY
*Becky's Jumble bonus word answer: AELTOH = LOATHE
The former UN ambassador says Israel is "our anchor in the Mideast."
Dow Chemical says it will separate a large part of its chlorine business in a deal that will give it control of Olin Corp.
Jeremy Siegel tells CNBC he feels more relaxed about the prospects for stocks despite four-straight down trading days.
Jim Paulsen tells him one aspect of the recovery in particular could determine whether the six-year bull market continues.
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