Ark’s Cathie Wood & Treasury Secretary Janet Yellen 6/13/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 13 June 2024

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Ahead of the Tesla shareholder vote on Elon Musk’s pay package, Ark Invest CEO and CIO Cathie Wood discusses her new, raised 2029 price target for Tesla. As a Tesla investor and an xAI investor, Wood explains her belief in Elon Musk, Tesla’s robotaxi strategy, Apple’s entrance into AI, and this new era of innovation. Plus, the Federal Reserve will hold rates steady, CNBC’s Steve Liesman reports. In an exclusive interview, Treasury Secretary Janet Yellen discusses the labor market, housing’s pressure on inflation metrics, and her latest op-ed about supporting Ukraine’s war effort with earnings from billions of seized Russian sovereign assets. Janet Yellen - 11:40 Cathie Wood - 28:43 In this episode: Cathie Wood, @CathieDWood Secretary Janet Yellen, @SecYellen Steve Liesman, @steveliesman Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pod.
0:09.0	Treasury Secretary Janet Yellen, her comments on the global economy that you'll get exclusively right here.
0:16.0	Ukraine needs to know that the allies are committed and able to support Ukraine for the long term.
0:27.0	Plus, how Jellyn's thinking about inflation, wage growth, and what her boss, President Biden calls corporate greed.
0:34.0	There's a lack of competition that enables firms to have healthy
0:39.1	markups and profits.
0:41.8	And a recap of the latest Federal Reserve decision to hold interest rates steady.
0:47.0	Again, see NBC Steve Leisman.
0:49.0	It looks like they saw their shadow in March guys and declared six more months of inflation here.
0:54.8	And there's more.
0:56.8	Reddit Trader favorite Kathy Wood, she's betting big on Tesla and Open AI,
1:02.1	and AI in general general full steam ahead.
1:05.0	If you think about the internet, we are in the early 90s when it comes to AI.
1:11.0	We've barely begun.
1:13.2	It's Thursday, June 13, 2024.
1:16.0	Squawk Pod begins right now.
1:18.8	Stand back you by in three, two, one, kill please.
1:24.3	Good morning everybody and welcome to Squackbox right here on
1:27.4	C. We are live from the Nesdac Market site in Times Square.
1:31.3	I'm Becky Quick.
1:32.4	He's Andrew Ross Sorkin. Joe is out today. We're here and
	...

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