Big Box Penny-Pinching & America’s Teacher Shortage 8/16/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 16 August 2022

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

: Walmart reported better than expected earnings this quarter, but its profits are still under pressure. CNBC’s Courtney Reagan and Refinitiv’s Jharonne Martis examine the report and what it reveals about inflation and today’s consumers. The U.S. education system is short hundreds of thousands of teachers and support staff, according to estimates. President of Purdue University Mitch Daniels discusses why, after teaching through a global pandemic, many educators have left the profession, and fewer are signing up. Easing gas prices at the pump might be offset by high home energy prices this winter; in the EU, some are paying up to 500% more to heat their homes. Plus, Apple is bringing its employees back to the office, and Wall Street Billionaires like Warren Buffett, David Tepper, and Dan Loeb are making big portfolio swaps. In this episode: Jharonne Martis, @JharonneMartis Mitch Daniels, @purduemitch Courtney Reagan, @CourtReagan Becky Quick @BeckyQuick Brian Sullivan, @SullyCNBC 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 Squack-Pod.
0:08.0	As Walmart goes, so goes the nation.
0:11.0	Breaking down the retail's quarterly report and consumers
0:14.0	buying what really matters. I guess everybody on the planet bought a new TV
0:18.3	over the last couple of years maybe these are just the things that they thought we'd
0:21.7	keep chasing and class dismissed permanently for thousands of teachers after
0:26.6	educating through a global pandemic many are calling it quits.
0:30.8	Mitch Daniels of Purdue University weighs in.
0:33.5	And when researchers have asked teachers themselves why they're leaving, money's not the issue.
0:38.0	Those stories today.
0:39.0	Plus Apple wants workers.
0:41.1	Back to the office., billionaires like Warren Buffett are
0:43.4	changing up their portfolios, and oil prices may have eased in the US but the
0:48.0	energy crisis abroad still alive and well. The UK Becky is talking about going to three day a week school, not for COVID, but because of power costs.
0:58.0	It's Tuesday, August 16, 2022. Squack Pod begins right now.
1:03.7	Stand Becky by in three, two, one, Q3.
1:07.8	Good morning, everybody.
1:09.0	Welcome to Squackbox here on C.
1:11.2	We are live from the NASDAQ market site in Times Square.
1:14.0	I'm Becky Quick along with Brian Sullivan. Joe and Andrew are both off today and Brian
1:18.2	it's good to see you, Bud. Good to be back. Becky, good to see you.
	...

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