A Deadline Looms for Kevin McCarthy and Coinbase Goes to Washington 9/28/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 28 September 2023

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

With just days to go before a government funding deadline, House Speaker Kevin McCarthy criticizes a short-term Senate government funding bill — stoking more fears that a shutdown could take place — saying the measure would not bolster border security. Crypto trading platform Coinbase is leading a lobbying effort in Washington to find lawmakers supportive of developing new laws for the crypto industry. CEO Brian Armstrong discusses his goals for “Stand with Crypto Day.” Plus, the highlights of the second debate for Republican Presidential candidates, Bank of America CEO Brian Moynihan’s biggest worries and Delta walks back controversial changes to its SkyMiles program. Rep. Kevin McCarthy 14:01 Brian Armstrong - 28:02 In this episode: Kevin McCarthy, @SpeakerMcCarthy Brian Armstrong, @brian_armstrong Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Zach Vallese, @zachvallese

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squawk Pod today.
0:07.0	It's down to the wire for Speaker Kevin McCarthy.
0:11.0	We are stronger as a Republican conference when we work as one.
0:16.2	Just days remain to pass a funding bill before a government shutdown.
0:20.1	The man at the center of the negotiations joins us.
0:23.3	I think focusing something along that border would put us in a really good position
0:28.4	that we could get a stopgap measure to move forward.
0:32.1	Stand with crypto day takes over DC. We'll focus on
0:35.6	regulation with coin-based CEO Brian Armstrong. The US is behind here and we've
0:41.0	seen the the share of the US job market around crypto shrink from
0:44.4	about 40% to now it's about 29% and it's due to this lack of regulatory
0:48.8	clarity. Plus Republican presidential hopefuls take the stage, Bank of America's CEO doesn't see a recession coming, and Delta backing off changes to its reward programs.
1:01.0	My favorite are there's little Annie sings, Don't they have little pretzels?
1:05.0	How about a cinnamon bun?
1:07.0	Yeah, yeah, yeah, yeah, yeah. That's a winner.
1:10.0	I'm see and be see producer Zach Valisee. It's Thursday, September 28th.
1:14.8	Squack Pod begins right now.
1:17.2	Stand back to you by in three, two, one, cue it please.
1:21.2	Good morning everybody.
1:24.0	Welcome to Squack Box right here on C.
1:26.0	We are live from C. M.C.
	...

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