Another October 7th & Trillions in Debt Loom 10/07/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 7 October 2024

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Under either Presidential candidates’ economic plans the federal debt will soar, but Fmr. Pres. Trump’s plan could cost twice as much as Vice Pres. Harris’s, according to a new report by the Committee for a Responsible Federal Budget. Retired Goldman Sachs Partner Abby Joseph Cohen discusses the state of the economy and the election’s impact on the markets. Next, on the one-year anniversary of the Hamas attacks against Israel, Anti-Defamation League CEO Jonathan Greenblatt talks about the rise in antisemitism in the past year and how to honor the lives lost. Plus, Starboard Value has taken a roughly $1 billion stake in Pfizer and Trump returned to Butler, Pa. this weekend for a rally after the assassination attempt this summer at that same location. Megan Cassella - 16:31 Abby Joseph Cohen - 21:13 Jonathan Greenblatt - 34:42 In this episode: Megan Cassella, @mmcassella Jonathan Greenblatt, @JGreenblattADL Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm the NBC producer Katie Kramer.
0:07.0	Today, on Squack Pod.
0:09.0	Looming and eye-popping federal debt levels.
0:12.8	We're talking trillions of dollars of deficit,
0:15.4	no matter who wins the election.
0:17.2	Do voters?
0:18.0	No.
0:18.6	I love this.
0:19.6	Campaign plans are often vaguer.
0:20.9	And estimating policies isn't an exact science.
0:25.0	And would they do anything about it?
0:27.0	Veteran Wall Street watcher Abby Joseph Cohen joins us.
0:30.0	How do you figure this out?
0:32.0	And a first anniversary of the deadly Hamas attack in Israel, where are we now?
0:37.0	Jonathan Greenblatt of the Anti-Defamation League.
0:40.0	So what I would say to leaders today, corporate leaders, elected officials, college presidents,
0:45.7	on this day you remember those innocent 1,200 people.
0:49.7	No equivocation.
0:50.9	Plus Pfizer, in an activist's crosshairs, ensuring cyber truck drivers,
0:56.8	and Elon Musk hits the campaign trail with former President Donald Trump.
1:00.5	Michael Jordan always said, you know, Republicans buy sneakers too.
	...

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