Pharrell’s New Shoes, Biden’s New Economic Lead, & EV’s New Ports 2/15/23

After his dramatic takeover, Elon Musk aims to name a successor at Twitter before the end of 2023. Musk has also announced that thousands of Tesla’s chargers will soon open all other EVs. Federal Reserve Vice Chair Lael Brainard is leaving her post to become President Biden’s top economic advisor. She’s replacing White House powerhouse Brian Deese, who speaks with Joe Kernen, Becky Quick, and Andrew Ross Sorkin for an exit interview. Deese discusses his legacy at the National Economic Council, President Biden’s push against corporate buybacks, and the administration's remaining agenda. Louis Vuitton has hired designer and musician Pharrell Williams, and CNBC’s Robert Frank reports that it’s LVMH’s biggest bet yet on mixing pop culture and luxury for the world’s largest fashion brand. Plus, Starbucks CEO Howard Schultz has declined a Congressional invitation, and travel costs are up–alongside profits. CNBC’s Phil LeBeau reports on air travel traffic and the FAA’s testimony before the Senate Commerce Committee today. 

 

In this episode:

Robert Frank, @robtfrank

Kayla Tausche, @kaylatausche

Phil Lebeau, @Lebeaucarnews

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie