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

Republican Nominee Donald Trump has named his pick for VP: Ohio Senator JD Vance. It’s a pivotal choice for the GOP, reports CNBC’s Eamon Javers, who is in Milwaukee for the Republican National Convention. Vance represents a new era for the conservative party, one of populist economics. Oren Cass, executive director of populist thinktank American Compass, is one of the movement’s leaders; Cass explains his conservative economics and the symbolism of JD Vance on the 2024 Republican ticket. Venture capitalist Bradley Tusk explains how populism plays out on social media, as well as the role of internet rhetoric in today’s political climate. Plus, Elon Musk has made an endorsement–but Teamsters has not. And Fed Chair Jay Powell is still aiming for a 2% inflation rate, but it’s complicated.

Eamon Javers - 13:53

Oren Cass - 16:46

Bradley Tusk - 24:55

In this episode:

Oren Cass, @oren_cass

Eamon Javers, @eamonjavers

Becky Quick,@BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin,@andrewrsorkin

Katie Kramer,@Kramer_Katie

The GOP kicks off the Republican National Convention today in Milwaukee, days after the attempted assassination of former President Donald Trump. CNBC’s Eamon Javers reports on the security at the RNC and the latest information on the 20-year-old gunman. Republican Pennsylvania Senate Candidate David McCormick was in the front row of the Butler, PA campaign rally; he recounts the confused moments of the shooting and highlights America’s polarized political rhetoric as a factor in the violence. On both sides of the aisle, lawmakers are calling for civility and peace in a highly charged political environment. After President Biden’s Oval Office address, Biden Campaign co-chair Senator Chris Coons (D-Del.) condemns violence and hostile speech.

Eamon Javers - 2:11

David McCormick - 13:29

Sen. Chris Coons - 29:51

In this episode:

Eamon Javers, @eamonjavers

David McCormick, @DaveMcCormickPA

Chris Coons, @ChrisCoons

Becky Quick,@BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin,@andrewrsorkin

Cameron Costa, @CameronCostaNY

If inflation numbers are improving, the Federal Reserve should be ready to cut interest rates–maybe. Wall Street Journal Chief Economics Correspondent Nick Timiraos, known as the ‘Fed whisperer,’ explains the Fed’s rate cut calculus, including inflation metrics and changes in the labor market. CNBC’s Megan Cassella reports on Capitol Hill’s reaction to President Biden’s rare, unscripted press conference, and EU regulators are taking aim at Elon Musk’s X platform. Plus, the Paris Olympics are just weeks away! Washington University in St. Louis Sports Business Director Patrick Rishe says Americans are ready to bet on everything, from gymnastics to basketball.

Megan Cassella - 7:37

Nick Timiraos - 15:20

Patrick Rishe - 25:15

In this episode:

Nick Timiraos, @NickTimiraos

Megan Cassella, @mmcassella

Melissa Lee, @MelissaLeeCNBC

Joe Kernen, @JoeSquawk

Katie Kramer,@Kramer_Katie

Inflation slowed in June! The Labor Department released its monthly consumer price index, a measure of costs of goods and services and a key metric for the Federal Reserve. Two economists, Wendy Edelberg of Brookings and Joe Lavorgna of SMBC Nikko Securities America, discuss what the better-than-expected numbers mean for the Fed’s next interest rate cut. Head of Bank of America Institute Liz Everett Krisberg shares Bank of America’s latest consumer checkpoint, which reveals a softening in credit card spending. Plus, it’s a pivotal week for Democrats, whether they’re supporting President Biden’s bid for a second term, or not. Consistent backer Senator John Fetterman (D-Pennsylvania) discusses division in his party, as well as the Biden 2024 campaign. Plus, Apple reached a deal with EU regulators on its mobile payments network, and North American demand for Pepsi products has slowed down.

Sen. John Fetterman - 15:41

Liz Everett Krisberg - 28:25

Wendy Edelberg & Joe Lavorgna - 35:43

In this episode:

Sen. John Fetterman, @SenFettermanPA

Kelly Evans, @KellyCNBC

Joe Kernen, @JoeSquawk

Katie Kramer,@Kramer_Katie

In the AI arms race, some tech giants are teaming up: OpenAI is training on servers that Microsoft rents from Oracle, but Elon Musk is going at it alone. Founder and editor-in-chief of The Information Jessica Lessin explains the strange bedfellows in AI. CNBC’s Emily Wilkins reports on the latest fault lines in the Democratic Party, and Politico’s Politics Bureau Chief Jonathan Martin discusses the many variables deciding President Biden’s next step in the 2024 race. Plus, Amazon is out with its latest processor, venture capital firm Andreessen Horowitz is angling for more AI deals, and CNBC’s Sharon Epperson explains how retirement planning differs between Gen X, millennials, and Gen Z.

Jonathan Martin - 22:16

Jessica Lessin - 30:47

In this episode:

Jonathan Martin, @jmart

Jessica Lessin, @Jessicalessin

Emily Wilkins, @emrwilkins

Melissa Lee, @MelissaLeeCNBC

Joe Kernen, @JoeSquawk

Katie Kramer,@Kramer_Katie