‘A Tech War’: China’s Bite Out of Apple; & The MTA’s Pricing Power 9/8/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 8 September 2023

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Apple shares have been under pressure this week, as reports of China’s restriction of Apple products continue. CNBC’s Beijing Bureau Chief Eunice Yoon discusses the report and the CCP’s approach to American big tech. Commissioner of the U.S.-China Economic and Security Review Jacob Helberg warns that this ‘tech war’ could give way to a military war between China and the US. As students get back to school and workers head back to the office, the MTA is prepared for an uptick in NYC ridership, despite the subway’s recent fare hike. MTA CEO Janno Lieber argues that congestion pricing is a good thing for commuters, and explains the declining crime rates in the MTA systems. Plus, Elon Musk interfered in the Russian war with Ukraine, BMW is making small (and hot) changes, and Goldman Sachs CEO David Solomon is speaking out about his negative press. Eunice Yoon 15:37 Jacob Helberg 17:57 Janno Leber 28:13 In this episode: Janno Lieber, @MTA Eunice Yoon, @onlyyoontv Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squackpot.
0:08.0	Keeping New York commutes on track,
0:11.0	MTA CEO Jono Leiber talks subway price hikes,
0:14.5	congestion, and crime.
0:16.2	When you and I were together about a year ago,
0:18.3	we were talking a lot about subway safety.
0:20.6	Subway crime is down over 5% over a year ago but it's lower than it was
0:25.0	pre-pandemic. And a war brewing. Jacob Helberg, Commissioner of the US, China
0:31.0	Economic and Security review
0:33.0	has a stark warning for tech and political leaders.
0:35.8	Shejing has been increasingly
0:38.6	ratcheting up his rhetoric into a more bellicose manner and a lot of science point to a potential armed
0:47.8	conflict between the US and China, potentially within the next decade.
0:52.3	All that today, plus BMW, no longer in the hot seat for hot seats,
0:57.0	Elon Musk's power in Ukraine, and Apple in the sights of Chinese regulators.
1:02.0	Tim Cook has been so good at walking that tight road. Apple in the sights of Chinese regulators.
1:02.6	Tim Cook has been so good at walking that tightrope
1:05.2	between being a US company, but also being a multinational.
1:08.8	It's Friday, September 8th, 2023,
1:11.7	Squack Pod begins right now.
1:14.0	Stand Becky by in 3.
	...

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