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**SPEAKER_3** (0:56)
Bring in show music, please.
**Cameron Costa** (0:59)
This is Squawk Pod, and I'm CNBC producer Cameron Costa. On today's episode, Eli Lilly blowing past expectations in its latest quarter, thanks in part to international growth. Now that Lilly's GLP-1s have been available in Europe, China, and Brazil for a few quarters. CEO David Ricks in an exclusive newsy interview.
**David Ricks** (1:23)
I think it's answering a question a lot of investors had, which is what's the depth, the breadth of the GLP-1 weight loss consumer market around the world? And here we see just really strong numbers internationally. It turns out people like to lose weight all around the world.
**Cameron Costa** (1:39)
Ready blast off. Artemis II crew has landed on Squawk's set, the groundwork they're laying in space with pilot Victor Glover.
**Victor Glover** (1:51)
Now, going that close to the moon and seeing that, hey, there is a place down there that we could have infrastructure to keep us safe. I think Reid has mentioned it. If we had a lunar lander, we would go and so we're a lot closer than it seemed before we launched.
**Cameron Costa** (2:04)
And mission specialist Christina Koch on the new frontiers.
**Reid Wiseman** (2:08)
NASA's job in a lot of ways is to open markets, and we're doing that on every frontier that we find. As soon as we opened it in low Earth orbit, we're pushing to the lunar market, eventually it'll be Mars, but there's nothing theoretically preventing us from doing any of that.
**Cameron Costa** (2:22)
Plus, Anthropic's eye-popping valuation and a changing of the guard at the Federal Reserve. Steve Liesman is our eye on the Fed.
**Steve Liesman** (2:31)
We have to have a discussion, long, interesting, and probably not trending on the Internet about how the Fed is going to change communication under Kevin Morse.
**Cameron Costa** (2:40)
It's Thursday, April 30th, 2026, and Squawk Pod begins right now.
**David Ricks** (2:47)
Stand under by in three, two, one, cue Andrew.
**Andrew Ross Sorkin** (2:53)
Good morning. Welcome to Squawk Box right here on CNBC. We're live at the NASDAQ Market site in Times Square. I'm Andrew Ross Sorkin along with Joe Kernen. Becky is off today.
**Jerome Powell** (3:05)
Anyway, thank you very much, everyone. I won't see you next time.
**Joe Kernen** (3:12)
Real drama at the Fed meeting in news conference yesterday. Sometimes we say that, and it's, I don't know, we're kind of Fed, you know.
I don't know if the entire country is always talking about drama at the Fed, but this might have broken through yesterday. Well, Liesman, I think, was it trending anywhere? Not quite trending, but close, I would think.
**Steve Liesman** (3:33)
As you might imagine, Joe, I don't really follow trending things. It's not really my thing to be trending or not.
**Joe Kernen** (3:38)
But you are certainly a nerdy Fed head.
**Steve Liesman** (3:40)
But yes, that is true.
**Joe Kernen** (3:41)
For you, it didn't get any better than yesterday.
**Steve Liesman** (3:44)
No, it was a good day, but for that purpose. But I think I'm gonna reverse things the way you guys were talking about. You guys put Powell at the lead, and I think the more important thing is the four dissents.
Because there was sign of potential sharp debate at the Fed over the direction of rates. That was the drama that this nerd was interested in. The upshot may be it's gonna be difficult for the new Fed chair to deliver rate cuts anytime soon. It was the first time since 92 we had four dissents. Three dissenters are regional bank presidents. They opposed the subtle easing bias in the statement, and one governor, Stephen Myron, as he has every time since he joined the Fed, dissented in favor this time of a quarter point cut. Fed Chair Powell indicated others could join with the dissenters at the next meeting in support of eliminating the easing bias, so absent a sharp decline in unemployment or inflation, it's going to be tough for the new Fed Chair nominee, Kevin Worshtey, engineer a June rate cut or beyond. That assumes he wants one. Here's what's interesting. The dissenters only advocated moving the Fed to where the market is already. After yesterday's strong economic data and another surge in oil prices, futures for December, priced just a 10% chance of a rate cut, 86% chance of no change. That's all the way through December, and a 6% chance of a hike. So the market is in the middle, which is where the dissenters want to move the Fed. Meanwhile, on the drama that everybody else is talking about, Treasury Secretary Scott Bessett criticized Powell's decision to stay on the board as a governor, saying it was a violation of all Federal Reserve norms. Powell, earlier in his press conference, pretty much accused the administration of violating norms as well, saying these legal actions by the administration are unprecedented in their 113-year history.
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