Bed Bath & Way Beyond and The Data on Quitting 8/17/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 17 August 2022

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bed Bath & Beyond, AMC, and Gamestop are all swept up in a revival of meme stock trading; tastytrade founder and Co-CEO Tom Sosnoff discusses the recent meme stock surges. After President Biden signed the Inflation Reduction Act into law, Director of the White House National Economic Council Brian Deese shares the intended impact of the legislation for Americans’ health care costs and greener living. Also in politics, Liz Cheney is considering her next move in her mission to support disillusioned Republicans. Plus, childcare workers including educators have either switched jobs or left their professions permanently. USAFacts President Poppy MacDonald unpacks the data that explains why teachers are quitting at a higher rate than other workers. In this episode: Tom Sosnoff, @tastytrade Poppy MacDonald, @PoppyMacD Brian Deese, @BrianDeeseNEC 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.
0:08.0	The Inflation Reduction Act signed.
0:11.0	There you go, it's now low. Act signed. The impact we hope for American wallets with National Economic Council Director
0:19.2	Brian Deese.
0:20.2	I think the fair characterization is that this bill is the most significant and
0:24.4	consequential step that Congress and the President could take on the fiscal policy
0:28.3	side to try to reduce price pressures in the economy while also providing consumers with some direct relief.
0:35.0	And the striking data behind our educator shortage.
0:39.0	More teachers are leaving their jobs than the average worker.
0:42.0	USA Facts President Poppy McDonald.
0:44.1	You can certainly see concern, right,
0:46.0	as parents go back, will there be qualified daycare teachers there?
0:51.1	Will there be teachers there to support their kids. Those big stories
0:54.6	today but first me mania's return amc bedbath and beyond and Robin Hood all
1:00.8	trading up. Tasty Trades founder Tom Sosnov on the retail traders getting back in the game.
1:06.5	But I think it is really good for the business because it does bring people back and it gets them excited about finance.
1:12.0	I think it's good for you. I think it's good for us.
1:14.0	It's Wednesday, August 17th, 2022. Squackpot begins right now.
1:20.0	Stand Becky by in three, two, one, Q, break.
1:24.0	Good morning everybody.
1:25.0	Welcome to Squawk Box here on CNBC.
	...

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