CNBC CEO Council Private Dinner in New York
Host
Andrew Ross Sorkin, CNBC “Squawk Box” Co-Anchor
Speakers
Mark Esper, Former U.S. Secretary of Defense
Danny Meyer, Founder & CEO Union Square Hospitality Group
Paul Ryan, Former Speaker of the U.S. House of Representatives
CNBC CEO Council Private Dinner in New York
Members gathered in New York, NY for dinner and discussion to celebrate the launch of the CNBC CEO Council. For more information and to see if you qualify to attend the next one visit https://www.cnbccouncils.com/ceo-council/.
CNBC CFO Council Fed Matters — September 2022
Host
Steve Liesman, CNBC Senior Economics Reporter
CNBC CFO Council Fed Matters — September 2022
Members of the CNBC CFO Council joined Steve Liesman, CNBC Senior Economics Reporter, for a discussion ahead of the FOMC meeting including survey results from a panel of top Wall Street economists, money managers and market strategists about their Fed policy predictions.
Key Points
- For 2024,about 60% of survey respondents think the Fed can hit their desired 2% target. However, if the Fed is committed to hitting the 2% target by 2024 it will have to drastically slow the economy for a significant period of time.
- The economic situation is incredibly complicated right now. Things are doing well in terms of getting back to previous years, especially in leisure and hospitality. However, global recession remains a concern as there is a 72% probability of a recession in Europe and 52% in the US.
- Rate hikes will more than likely catch up to the economy next year which could slow us down.
- 50% currently say stocks are too high relative to earnings and economic forecasts right now. The other 50% say they are too low or just right.
- From the Fed standpoint, the labor market is too tight. The Fed wants to see a reduction in job openings and rise in the unemployment rate. When wage gains are higher than productivity growth rates, it is seen as inflationary.
CNBC CFO Council Private Dinner in New York
Host
Jim Cramer, CNBC "Mad Money" Host; Steve Liesman, CNBC Senior Economics Reporter, Sara Eisen, CNBC "Closing Bell" Anchor, and Steve Liesman, CNBC Senior Economics Reporter
Speakers
Jay Clayton, Former Chairman of the U.S. Securities and Exchange Commission
Tim Gokey, Broadridge CEO
Eileen Murray, Former Chairperson, FINRA Board of Governors
CNBC CFO Council Private Dinner in New York
Members of the CNBC CFO Council, CNBC Journalists, and special guests Jay Clayton, Former Chairman of the U.S. Securities and Exchange Commission, Tim Gokey, Broadridge CEO and Eileen Murray, Chairperson, FINRA Board of Governors gathered in New York for the CNBC CFO Council Private Dinner. For more information and to see if you qualify to attend the next one visit https://www.cnbccouncils.com/cfo-council/.
TEC Member Private Dinner in San Francisco
Host
Deirdre Bosa, CNBC “TechCheck”; Co-Anchor Jon Fortt, CNBC “TechCheck” Co-Anchor
Speakers
Chris Britt, Chime CEO
Ali Ghodsi, Databricks CEO
TEC Member Private Dinner in San Francisco
Members of the CNBC Technology Executive Council gathered for our 2nd Member Dinner of the year in San Francisco. For more information and to see if you qualify to attend the next one visit https://www.cnbccouncils.com/tec.
CNBC CFO Council Fed Matters — July 2022
Host
Steve Liesman, CNBC Senior Economics Reporter
CNBC CFO Council Fed Matters — July 2022
Members of the CNBC CFO Council joined Steve Liesman, CNBC Senior Economics Reporter, for a discussion ahead of the FOMC meeting including survey results from a panel of top Wall Street economists, money managers and market strategists about their Fed policy predictions.
Key Points
- As of today, the odds of recession are much higher than ever before. According to new data,the probabilities for recession in the next year are up by 20 basis points from CNBC’s May survey. There is a 55% probability for a recession in the next 12 months.
- While we have never had a recession without two quarters of negative growth this is not necessarily the definition of a recession. A recession is a pervasive pronounced contraction of the economy.
- In terms of actual declining growth and increase in unemployment, the Fed is going to have to keep tightening until it sees some evidence that inflation is heading back down to the 2% level.
- It is very difficult to have a recession if you don’t have a major impact on the employment market. When you do get an increase of half a point or more in unemployment, that's when you start to get a contraction in the economy. These numbers are difficult to gauge right now due to how quickly everything is happening along with workers bringing employees back that had previously been let go.
CNBC WEC Private Dinner in San Francisco
Host
Deirdre Bosa, CNBC “Techcheck” Co-Anchor
Speakers
Andy Dunn, Bonobos CEO and Author,"Burn Rate"
Jennifer Oliva, UC Hastings Law Professor
CNBC WEC Private Dinner in San Francisco
Members of the Workforce Executive Council, CNBC Journalists, and special guest Andy Dunn, Bonobos CEO and Author,"Burn Rate" convened in San Francisco for the CNBC WEC Private Dinner. For more information on the next event and to see if you qualify to attend visit https://www.cnbccouncils.com/wec.
CNBC TEC Exclusive Member Town Hall
Host
Deirdre Bosa, CNBC “Techcheck” Co-Anchor
Speakers
Reid Hoffman, Greylock Partner
Kevin Weil, Planet Labs President, Product & Business
CNBC TEC Exclusive Member Town Hall
On June 23rd, Members of CNBC’s TEC Council heard from CNBC’s Deidre Bosa with special guests Kevin Weil, President of Planet Labs, and Reid Hoffman, partner of Greylock to discuss the latest in digital trends and innovation.
Key Points
- In terms of tactical changes in condition whether it be capital availability and markets, potential dislocations, supply chain dislocations, or anything of that nature the first reaction is to think defensively. Mistakes often come when you stop thinking defensively.
- Growth still matters. Shareholders still want to see a business that is valuable in 5-10 years. The ability to demonstrate strength in the market is likely what will set you apart from your competitors. Above all, showing that you are on track to being a good business is key.
- In terms of bringing employees back into the office, stay away from a one size fits all model or mandate. While in person work can often boost creativity and productivity, it is imperative that employees still have the option and flexibility to work remotely if necessary.
- You cannot have a great business strategy without having a great technology strategy as part of it.
