Google is reshuffling its AI team, moving Demis Hassabis from CEO to chairman of Google DeepMind. Hassabis will also take over the chief scientist role of Alphabet after the current chief scientist Jeff Dean leaves the company. The Wall Street Journal is reporting that President Trump has called Federal Reserve Chairman Kevin Warsh multiple times since Warsh stepped into his role. Google board member and former Fed vice chairman Roger Ferguson weighs in on both Google’s AI strategy and the relationship between the central bank and the White House. Plus, Jamie Dimon has a warning for investors, CNBC’s Sharon Epperson reports on the major wealth transfer from boomers, including the complicated inheritance of real estate. Roger Ferguson 23:17 Sharon Epperson 35:34 In this episode: Sharon Epperson, @sharon_epperson Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Google’s AI Reshuffle, Calls to the Fed, A Great Wealth Transfer 08/06/26

Squawk Pod

[SPEAKER_01] Bring in show music, please. Hi, I'm CNBC producer Katie Kramer. Today on Squawk Pod. We are here again. Inflation versus the economy. What year is it? Former Federal Reserve Vice Chair Roger Ferguson on the policy debates that will drive the rest of 2026. I don't think we get three,

[SPEAKER_02] but I have come to learn a possibility of two this time or this year or early next year. The inflation pressures are not going to subside quickly enough. Aging baby boomers and rising

[SPEAKER_01] house prices contributing to an unusual personal finance quandary. More than 120 trillion dollars. What? With a T? What to do if you are set to inherit a house. Sharon Epperson with news you can use.

[SPEAKER_04] Who's going to manage the house while you still own it? Once, if you do decide to sell it,

[SPEAKER_01] how is that going to be distributed? Plus, the rest of today's news that got us squawking, Jamie Dimon on the markets, SpaceX investors payday, and fears of a U.S. weapons shortage.

[SPEAKER_07] The whole conversation about lowering the total defense budget through all this sort of new

[SPEAKER_01] technology has gone out the window. It is Thursday, August 6th, 2026. Squawk Pod begins right now.

[SPEAKER_06] Stand under by three, two, one, up and enter. Good morning and welcome to Squawk Box right here on CNBC.

[SPEAKER_07] We're live at the NASDAQ market site in Times Square. I'm Andrew Ross Sorkin along with Joe Kernan. Becky is off. So it is just the boys. Back to Aspen. When did you get back? I got back last night.

[SPEAKER_09] I got back last night. You've already, I don't know, indicated that the aura ring's not great?

Google’s AI Reshuffle, Calls to the Fed, A Great Wealth Transfer 08/06/26

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Google’s AI Reshuffle, Calls to the Fed, A Great Wealth Transfer 08/06/26

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.