Squawk Pod: AI taxes, Dell shares, & A rocket explosion - 05/29/26 | Audio Only

Summary

The episode covers Dell's strong earnings and stock surge, a Blue Origin rocket explosion, an interview with Johnson & Johnson CEO Joaquin Duato about oncology ambitions and growth outlook, and Rep. Greg Casar's proposal to tax AI companies to fund jobs programs.

• Dell shares surge 38% pre-market after reporting 88% revenue growth and raising guidance.
• Blue Origin's New Glenn rocket explodes during a test, delaying satellite launch.
• Johnson & Johnson CEO Joaquin Duato discusses the company's oncology pipeline and growth cycle.
• Duato says JNJ is at the beginning of a new growth cycle targeting double-digit growth.
• Rep. Greg Casar proposes a tax on AI tokens to fund a federal jobs program.
• Casar argues AI could cause mass unemployment and the government must act.
• The hosts debate the implications of Trump accounts and Michael Dell's donation.
• Markets at record highs with oil prices declining on potential US-Iran deal.