One of the largest IT outages in history started with a software update from cyber security firm Crowdstrike. Around the world, hospitals, businesses, news networks (including NBC) were affected when the update rolled out and crashed Microsoft Windows. CNBC’s Phil LeBeau reports from the airport in Wales, where many flights were grounded as airlines grappled with the outage. CNBC’s Steve Kovach explains how one company’s mistake can bring down millions of systems, and Wedbush analyst Dan Ives explains what’s next for the tech sector. The other headline this Friday: Donald Trump has accepted the Republican nomination for President for the third time. CNBC’s Eamon Javers reports from the Republican National Convention on the increasing pressure on President Biden, and pollster Frank Luntz explains the mixed reactions to Donald Trump’s 93 minute speech.

Phil LeBeau 4:24

Eamon Javers 6:01

Steve Kovach 14:02

Dan Ives 20:13

Frank Luntz 29:07

In this episode:

Dan Ives, @DivesTech

Frank Luntz, @FrankLuntz

Eamon Javers, @eamonjavers

Phil LeBeau, @Lebeaucarnews

Becky Quick,@BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin,@andrewrsorkin

Katie Kramer,@Kramer_Katie

JD Vance made his first speech as Donald Trump’s VP pick at the Republican National Convention; CNBC’s Eamon Javers reports on Senator Vance’s reception at the RNC in Milwaukee, and former SEC Chair Jay Clayton explains how Vance’s new economic conservatism works–or doesn’t work–with the Republican preference for Reaganomics. Meanwhile, President Joe Biden has tested positive for Covid-19, but he’s still campaigning. Plus, ChatGPT scored a 98% on a medical exam that most first year residents score a 70% on. Former FDA Commissioner Dr. Scott Gottlieb says, some AI LLMs are good at providing differential diagnoses when presented with detailed lab results.

Eamon Javers - 07:30

Jay Clayton - 16:56

Dr. Scott Gottlieb - 31:04

In this episode:

Eamon Javers, @eamonjavers

Scott Gottlieb, @ScottGottliebMD

Becky Quick,@BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin,@andrewrsorkin

Katie Kramer,@Kramer_Katie

Silicon Valley support is growing for Donald Trump; Marc Andreessen, Ben Horowitz, Peter Thiel, and Elon Musk have each endorsed the Republican nominee, and The Information founder Jessica Lessin says, it might be part of a more widespread shift in tech. Plus, former President Trump is floating ideas for possible cabinet members (like Jamie Dimon for Treasury Secretary), and he’s weighing the risk of dismissing Fed Chair Jay Powell before the end of Powell’s term. One of Powell’s former colleagues, former Boston Fed President Eric Rosengren, discusses the difference between both candidates’ rhetoric and policy, as well as what it means for monetary policy. Plus, President Biden is weighing a Supreme Court overhaul, Elon Musk is moving SpaceX HQ to Texas, and Spirit Airlines is under pressure.

Jessica Lessin - 16:37

Eric Rosengren - 27:24

In this episode:

Jessica Lessin, @Jessicalessin

Becky Quick,@BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin,@andrewrsorkin

Katie Kramer,@Kramer_Katie