Rich Kleiman, the Knicks, & Barry Diller’s Bid for MGM 6/1/26

**SPEAKER_1** (0:00)
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**Joe Kernen** (0:27)
Hey, Fidelity.

**SPEAKER_3** (0:29)
How can I remember to invest every month?

**SPEAKER_4** (0:32)
With the Fidelity app, you can choose a schedule and set up recurring investments in stocks and ETFs.

**Joe Kernen** (0:39)
Oh, that sounds easier than I thought.

**SPEAKER_4** (0:41)
You got this.

**Joe Kernen** (0:42)
Yeah, I do.

**SPEAKER_6** (0:44)
Now, where did I put my keys?

**SPEAKER_4** (0:46)
You will find them where you left them.

**SPEAKER_3** (0:50)
Investing involves risk, including risk of loss. Fidelity Brokerage Services LLC member NYSE SIPC.

**Andrew Ross Sorkin** (0:58)
Bring in show music, please.

**Cameron Costa** (1:02)
This is Squawk Pod and I'm CNBC producer Cameron Costa. On today's episode, a warning on our ability to manage an Ebola outbreak. From the Director of the University of Minnesota's Center for Infectious Disease, Dr. Michael Osterholm.

**Dr. Michael Osterholm** (1:18)
We actually had a very serious Ebola outbreak back in 2014, 2015 in Western Africa with over almost 30,000 cases. I think this has the ability to far outstrip that.

**Cameron Costa** (1:31)
But don't panic. He says transmission is nothing like COVID-19.
Then a lighter note, famed sports agent and entrepreneur, Rich Kleiman.

**Rich Kleiman** (1:43)
When I was younger, a lot of times I always imagined that when the Knicks were in the finals, the whole world would be watching.

**Cameron Costa** (1:48)
What this extraordinary run for the Knicks could mean for the media.

**Rich Kleiman** (1:53)
I think the ratings in this series because of the story around the Knicks, because of Wembee, I think the ratings and just the overall demand on these events right now, I think these finals could be the highest rated or one of the most highest rated in a long time.

**Cameron Costa** (2:07)
Plus, the many other stories that got us squawking today, a delay at Blue Origin after a rocket explosion, Barry Diller's People Inc preparing a bid for MGM Resorts, and Berkshire Hathaway is getting busy under its new CEO's direction.

**Becky Quick** (2:23)
That's kind of the Berkshire way to try and move quickly on these things.

**Cameron Costa** (2:27)
It is Monday, June 1st, and Squawk Pod begins right now.

**Andrew Ross Sorkin** (2:32)
Stand back you by in three, two, one, cue please.

**Becky Quick** (2:38)
Good morning, everyone. Welcome to Squawk Box right here on CNBC. We are live from the NASDAQ market site in Times Square. I'm Becky Quick along with Joe Kernen and Andrew Ross Sorkin.

**Andrew Ross Sorkin** (2:48)
In time, Nvidia jumping into the PC business. The company dominates the market for AI data center chips. Now it's going to be making chips that serve as the main processor for personal computers as well. Speaking at the Computex Tech event in Taiwan, CEO Jensen Wang unveiling a new N1X processor made alongside Microsoft. It's going to be incorporated into a new RTX Spark Superchip that will debut this fall in a new line of Windows PCs from Microsoft, Dell, HP, and several other manufacturers.

**Jensen Wang** (3:20)
There is no question this reinvention of the computer is as big of a deal as the reinvention of the phone into what we now know as the smartphone. And so this is the beginning of that journey. This is the beginning of a new line. And so we have a roadmap for this. This is a brand new product family for us.
Every single generation of architecture, we will have a desktop, a laptop, a workstation, and then a desktop, a laptop, and workstation.

**Andrew Ross Sorkin** (3:50)
And this may be the beginning or at least another indication of just this idea of quote unquote moving to the edge, more and more AI processing ultimately may get processed by physical computers. That's not been the case thus far for the most part. If that is true, perhaps this is to some degree even a hedge, if you will, against whatever you think is going to happen in the cloud.
Shares in Nvidia are rising while shares of PC chip maker Intel, we should mention, pulling back in a pretty significant way, about 5% this morning. So if you own Nvidia, you are happy. If you're a taxpayer, you may be less happy, which becomes sort of the next interesting sort of dynamic in terms of how folks root or root against different stocks.