Bets & the Economy: Wells Fargo CEO Charlie Scharf & Fanatics CEO Michael Rubin 9/10/25

In an extended interview, Wells Fargo CEO Charlie Scharf shares his perspective on the health of America’s economy, including the dichotomy between low and high income consumers and the real impact of tariffs on U.S. businesses. Fanatics CEO Michael Rubin has been building sports businesses since his first appearance on Squawk Box in 1999. Now, he’s growing his company’s sportsbook and collectibles businesses and answering questions about his own IPO. Plus, Lisa Cook will remain Federal Reserve governor for now, Klarna is going public on the NYSE, and Oracle Chairman Larry Ellison has surpassed Elon Musk as the world’s richest person, thanks to a stock surge after Oracle’s earnings report.  Charlie Scharf - 19:38Michael Rubin - 37:26 In this episodeMichael Rubin, @michaelrubinJoe Kernen, @JoeSquawk Becky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie 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.