Ford has announced a $11.4 billion deal to build four new battery and EV factories through a joint venture with South Korean battery maker SK Innovation. Ford CEO, Jim Farley, spoke with CNBC’s Phil Lebeau about Ford’s ambitious electric vehicle plan and what it means for American jobs and the U.S. supply chain. Data analytics company Amplitude (AMPL) has listed on the Nasdaq via direct listing, rather than a SPAC or traditional IPO. Amplitude CEO Spenser Skates and renowned venture capitalist Bill Gurley of Benchmark discuss the debut, tech valuations, and the flaws in the IPO process. Senate Republicans blocked a House-passed bill that would prevent a government shutdown and a potential default on U.S. debt. As the deadline to avoid a government shutdown and a debt default approaches, lawmakers are on the clock to pass an appropriations bill and to suspend or increase the debt ceiling. Plus, Fed Presidents are stepping down and #KenGriffinLied is trending on Twitter as more GameStop drama unfolds.
In this episode:
Jim Farley, @jimfarley98
Spenser Skates, @spenserskates
Bill Gurley, @bgurley
Phil Lebeau, @Lebeaucarnews
Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick
Andrew Ross Sorkin, @andrewrsorkin