A Weak Jobs Report & Regulating Prediction Markets 3/6/26

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 6 March 2026

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

A surprising February jobs report is raising new questions about the strength of the labor market. The economy lost 92,000 jobs last month weighed down by severe winter weather and a strike at a major health care provider. CNBC’s Steve Liesman and San Francisco Fed President Mary Daly break down the data, the broader economic picture, and what it could mean for the Federal Reserve’s interest rate path. Then, former U.S. Congressman Sean Maloney, now CEO of the Coalition for Prediction Markets, discusses the future of prediction markets, concerns about insider trading, and what regulation might look like in this fast-growing space. Plus, Kristi Noem is out as Homeland Security Secretary, the Pentagon labels Anthropic a “supply chain risk,” and the war with Iran enters its seventh day. Mary Daly - 16:08 Sean Maloney - 33:25 In this episode: Steve Liesman, @steveliesman Mary Daly, @MaryDalyEcon 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 CNBC producer Katie Kramer. Today on Squawk Pod.
0:09.0	A U.S. jobs market that could be on shaky ground, 92,000 job losses in February, Mary Daley, head of the San Francisco Federal Reserve Bank.
0:19.0	I think it's really important to step back. No one month of data is a decisional month of data.
0:24.6	On the jobs picture, inflation, the devil is in the data details.
0:28.6	I think it just tells us that, you know, the hopes that the labor market was studying, maybe that was too much.
0:34.6	Betting on the news?
0:36.6	The popularity of prediction markets on current events has exploded.
0:41.4	Can regulation keep up?
0:43.0	The former congressman now running a coalition of prediction markets, Sean Maloney, joins us.
0:48.1	What we want is good rules, good regulation transparency.
0:52.1	Plus, the latest on the engagement in Iran and the country's stability.
0:56.0	I wouldn't be raising my hand.
0:58.0	Let me run this place.
1:00.0	And the war for AI warfare.
1:02.0	Anthropic versus Open AI versus the Pentagon, the politics.
1:07.0	I can't help you.
1:09.0	Okay.
1:10.0	Well, I can't help you either. It is Friday, March 6th, 2026. Squawk Pod begins right now.
1:18.1	Stand Becky by in three, two, one. Cue, please. Good morning, everybody. Welcome to Squackbox right here on CNBC. We are live from the NASDAQ market site in Times Square. I'm Becky Quick along with Joe Kernan and Andrew Ross Sorkin. This chair doesn't go down.
1:35.2	Chair, they can't tell. They can't tell. We'll leave it like that. Unless they took a wide shot, they can't tell. But your chairs? Yes, ma'am. Andrew, we're like, let her up, boys.
1:47.0	Can I get you some coffee?
	...

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