Squawk Pod: Cheating in chess with Ben Mezrich, taxing AI with Andrew Yang - 06/04/26 | Audio Only

Summary

This episode of Squawk Pod covers a variety of topics: Andrew Yang discusses AI job displacement and the case for taxing AI and robots; the hosts review market moves including Broadcom's disappointing earnings and Bitcoin's decline; Eamon Javers reports on a ceasefire between Israel and Lebanon; and Ben Mezrich discusses his new book on the chess cheating scandal. The show also touches on SpaceX IPO, a flesh-eating screw worm found in Texas, and the House vote on Iran war powers.

• Andrew Yang argues AI will replace junior workers and suggests taxing AI to fund social programs and reduce labor taxes.
• Broadcom shares fall 12% after earnings beat but revenue miss and unchanged AI sales guidance.
• Bitcoin drops 3.8% to ~$63,000, with hosts calling it crypto winter.
• Israel and Lebanon announce a ceasefire conditional on Hezbollah withdrawal.
• Ben Mezrich discusses chess cheating scandal and the growth of chess as a business.
• JPMorgan CEO Jamie Dimon is pitching the SpaceX IPO to high-net-worth clients.
• A flesh-eating screw worm is detected in a Texas cow, raising concerns for cattle herds.
• The House passes a War Powers resolution to restrict U.S. military action in Iran.