Apple Turnovers & Two Kevins Eye the Fed 7/9/25

In another leadership change, Apple’s COO and presumed Tim Cook successor Jeff Williams has announced his retirement. CNBC’s Steve Kovach discusses Apple’s recent turnover and its strategy to rise to investor and innovator expectations in the AI race. Ripple has selected BNY to be custodian of its stablecoin; CEO Brad Garlinghouse explains his vision for crypto and institutional finance ahead of his testimony in crypto hearings on Capitol Hill. Plus, Philadelphia has ended the worker strike that left garbage pickup stalled, two Squawk Box guests (both named Kevin) may be vying for top spot at the Federal Reserve, and President Trump is threatening more tariffs on pharmaceutical companies. Brad Garlinghouse - 13:41 Steve Kovach - 21:29 In this episode: Joe Kernen, @JoeSquawk Melissa Lee, @MelissaLeeCNBC Katie Kramer, @Kramer_Katie