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Squawk Pod

A New AI Browser & Jobs Friday without Jobs Data 10/3/25

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2543 Ratings

🗓️ 3 October 2025

⏱️ 36 minutes

🧾️ Download transcript

Summary

In a government shutdown, the Bureau of Labor Statistics cannot issue its monthly employment report; without that federal data, economists are combining state data and private data like the ADP report to paint an accurate picture of the country’s labor market. President of the Chicago Federal Reserve Austan Goolsbee explains the gaps in an economic picture painted without federal data, and considers what’s next for the central bank’s monetary policy. The $20 billion AI startup Perplexity is out with a new browser, called “Comet.” Founder and CEO Aravind Srinivas views the tool as more of a personal AI assistant, and maps out his vision for a future with AI. Plus, Apple has removed apps that track ICE agents from the App Store, and California Governor Gavin Newsom is threatening to pull billions of dollars in state funding from any California university that signs on to President Trump’s proposal to offer preferential access to federal funding. Aravind Srinivas - 12:41 Austan Goolsbee - 25:19 In this episode: Aravind Srinivas, @AravSrinivas Austan Goolsbee, @Austan_Goolsbee Steve Liesman, @steveliesman Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0

Bring in show music, please.

0:04.3

Hi, I'm CNBC producer Katie Kramer.

0:07.0

Today on Squawk Pod.

0:09.7

Jobs List Friday, with the government shut down and no numbers released, what are we to do?

0:15.3

Austin Goulsby, Chicago Fed President, joins us.

0:18.3

It's the first Friday of the month.

0:20.3

We're sitting here on the quietest jobs day.

0:23.6

Something's wrong with the universe.

0:25.6

Where does a data-dependent central bank go from here?

0:28.6

What the market expects is not in the Fed's mandate.

0:32.6

What should be in the decision of the Fed are the economic conditions on employment and inflation.

0:39.9

And perplexity out with a new artificial intelligence browser Comet, founder and CEO

0:45.1

Arvin Srinivas explains the next era of AI assistance.

0:49.8

Building something like Comet requires orchestration of several different models.

0:53.9

One model that truly reasons, one model that pulls context, one model that synthesizes and processes

0:59.0

them, another model for like computer use.

1:02.0

Those conversations plus Apple removes an app that tracks ICE agents.

1:07.0

But what's the difference between that app and ways which tracks police?

1:11.6

I don't want violence to anybody who can be identified in any of these things.

1:14.6

I don't want to get a ticket either.

1:16.6

It's Friday, October 3rd, 2025.

1:19.6

Squawk Pod begins right now.

...

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