Baltimore’s Bridge, a “Retirement Crisis”, Doughnuts & Fries 03/26/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 26 March 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Baltimore’s Francis Scott Key bridge partially collapsed after being hit by a cargo ship; NBC’s Tom Costello is on the ground in Baltimore with details. In Florida, the state has banned social media for children under 14, regardless of guardian consent. BlackRock CEO Larry Fink is warning America: a retirement crisis is coming. The Wall Street Journal’s Chief Economics Commentator Greg Ip discusses the slow creep of politics into American boardrooms, as well as the similarities between the U.S. economic trajectory and China’s. Plus, McDonald’s will sell Krispy Kreme doughnuts nationwide, cocoa prices are rising, and Kate Rooney reports that Mastercard and Visa have reached a $30B settlement over credit card fees. Tom Costello - 02:13 Greg Ip - 15:54 Kate Rooney - 27:23 In this episode: Tom Costello. @tomcostellonbc Kate Rooney, @Kr00ney Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer: @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:04.0	Hi, I'm the NBC producer Katie Kramer, today on Squackpot.
0:09.0	A major bridge collapse in Baltimore,
0:11.0	NBC's Tom Costillo on the scene.
0:14.0	Just a phenomenal, phenomenal incident, terrible incident this morning.
0:18.0	Is America sliding toward Chinese-style capitalism
0:22.0	where politics and national security concerns matter more than profits.
0:25.7	Greg Ip of the Wall Street Journal on the slow creep of politics into boardrooms.
0:30.4	The real burden really here is on the folks running the companies to like stay focused on making great products
0:35.5	Rather than trying to please whoever's in the White House at that particular moment
0:39.3	And the head of the world's largest asset manager Black Rock raising the alarm on the retirement
0:44.6	crisis.
0:45.6	We basically told people to do it themselves.
0:47.4	That's the equivalent of dropping a bunch of pieces from an engine and saying
0:50.1	assemble it yourself.
0:51.5	Good luck.
0:53.0	Plus the rest of today's stories
0:54.6	that got us squawking from cocoa to crispy cream
0:57.3	to Florida.
0:59.0	It's Tuesday, March 26th.
1:01.1	Squawk Pod begins right now.
1:03.0	Stand Becky by in three, two, one, queue please.
	...

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