Biden’s Budget, Shanghai’s Lockdown, & the On-Stage Slap 03/28/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 28 March 2022

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Joe Biden’s 2023 federal budget proposes tax hikes on the ultra-wealthy and on corporations while providing billions of dollars in new spending at the Defense and Justice Departments. Joe, Becky, and Andrew digest the proposal, its potential to bolster domestic investment, and plans to reduce the federal deficit. In light of increasing Covid infections, Shanghai began a two-stage lockdown today. CNBC’s Eunice Yoon reports the lockdown of China’s largest city includes orders to work from home as well as the suspension of public transit and ride hailing. Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, discusses China’s zero-Covid policy and says Shanghai will have a hard time containing Covid infections. Plus, Axios media reporter, Sara Fischer recaps Sunday’s memorable Oscars ceremony, slaps, streaming wins, and all. In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Eunice Yoon, @onlyyoontv Sara Fischer, @sarafischer Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:02.0	Hi, I'm C NBC producer Katie Kramer today on Squawk Pod.
0:08.0	The Biden Budget, billionaires, buybacks, and what behooves the behemence.
0:13.2	The bigger picture is how do you get American companies to take more of that money and invest
0:18.1	it in R&D and other opportunities here?
0:21.9	Shanghai shutdown, Dr Scott Gottlieb on China's plan
0:25.6	to curb COVID spread again.
0:27.7	This is a city the size of Texas.
0:30.0	I think they're gonna have a very hard time containing this
0:32.4	if this has in fact gotten
0:33.7	out of control inside that city and there's some indication it may have.
0:37.7	Those stories, plus in Oscars for the ages, streamers, slaps, and all the winners.
0:43.2	Axios Media reporter, Sarah Fisher.
0:45.4	It really is streaming's big coming out party
0:48.0	in Hollywood after years of knocking on the door,
0:50.8	just trying to get in. And Joe, covering the season snoises.
0:55.0	I've seen Power the dog three times that I'm only halfway through it.
0:58.0	And that happened to me.
1:00.0	It's Monday, March 28, 2022.
1:03.0	Squawk Pod begins right now.
1:05.0	The Biden administration will officially release the 2023 budget later today and it includes some new tax
1:15.2	proposals that the White House thinks will ensure the wealthy and corporations pay their fair share.
	...

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