Balancing Powers: China, Russia, & the West 9/19/22

Squawk Pod

CNBC

Investing, Business, News, Business News

4.2 • 543 Ratings

🗓️ 19 September 2022

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In an interview over the weekend, President Biden discussed his plans for battling inflation and the American strategic response to Chinese aggression in Taiwan. Today, former SEC chair Jay Clayton responds to the President’s comments on the economy; instead of talking about rates of inflation and statistics, Clayton urges economists and lawmakers to start speaking in terms of the prices that Americans are paying for basic needs. Abroad, Presidents Putin and Xi are testing the strategic partnership between Russia and China. Former CNBC anchor and current member of the Council on Foreign Relations Michelle Caruso-Cabrera discusses the meeting between both leaders in Uzbekistan and the role both countries play in the global balance of power. In this episode: Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Michelle Caruso-Cabrera @MCaruso_Cabrera Katie Kramer: @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm CNVC producer Katie Kramer today on Squack Pod.
0:08.0	The High Wire Act walked by Washington and the Federal Reserve as inflation remains stubbornly high.
0:16.0	Former SEC Chair Jay Clayton.
0:18.0	People don't pay inflation, they pay prices, and we should actually start talking in terms of prices.
0:24.0	Plus President Biden says U.S. forces would defend Taiwan from a Chinese invasion, the tricky
0:30.2	geopolitics at stake.
0:31.2	China is going to take Taiwan.
0:32.8	The question is, when do they do it?
0:34.9	And later, China's relationship with Russia.
0:37.9	China matters.
0:38.6	It's the big economy here.
0:40.3	Russia was trying to ride on the coat tails on this and I think this is China saying you are causing problems.
0:45.2	We're joined by Michelle Caruso Cabrera, former C. NBC journalist.
0:49.3	This is historically an extremely tough relationship.
0:53.4	They have never trusted each other.
0:56.1	Those stories and much more.
0:58.0	It's Monday, September 19, 2022.
1:00.7	Squack-P Pod begins right now.
1:03.2	Stand Becky by in three, two, one, fuel break.
1:07.3	Good morning.
1:08.0	Welcome to Squawk Box here on CNBC.
	...

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