Boeing’s Fuselage Failure & Elon Musk’s Extracurriculars 01/08/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 8 January 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

171 Boeing 737 Max 9 aircrafts have been grounded after a door plug blew out of a plane in the middle of an Alaska Airlines flight over the weekend. CNBC’s Phil LeBeau explains what happened on that flight and what happens now at Boeing and the airlines that carry these crafts. Former FAA Administrator and pilot J. Randolph Babbitt discusses industry concerns and airline safety regulation. The crypto community awaits the SEC’s decision on spot Bitcoin ETFs; former SEC chair Jay Clayton is expecting an approval. Clayton, also an adjunct professor at the University of Pennsylvania, weighs in on the reckoning for higher education leadership in the wake of antisemitism on campuses and the resignation of Harvard’s president, Claudine Gay. Plus, Elon Musk’s recreational and prescription drug use is reportedly worrying his SpaceX and Tesla boards. Phil LeBeau - 2:13 Randy Babbitt - 10:26 Jay Clayton - 18:30 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Phil Lebeau, @Lebeaucarnews 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 Pot.
0:09.0	Boeing's Bad Weekend, the FAA grounded hundreds of 737 Max9 jets after a piece of the fuselage
0:16.5	of an Alaska Airlines plane blew out during a flight. What happened with our own Phil LaBoe?
0:22.4	The seats next to the plug that was stripped off the plane,
0:26.0	they were empty.
0:27.0	Thank goodness.
0:28.0	And how it could have happened,
0:30.0	former FAA administrator Randy Babbitt.
0:33.0	If you look at the rate of increase of the FAA's budget,
0:36.0	it hasn't really increased much in real dollars in the last decade.
0:40.0	And Bitcoin ready for its E.T.F. windfall.
0:44.0	If the Securities and Exchange Commission approves it,
0:46.7	former SEC Chair Jay Clayton is optimistic.
0:50.1	I think approval is inevitable.
0:51.6	There's nothing left to decide.
0:54.0	Those stories. Plus, Elon Musk prompts a drug-induced headache for his board at Tesla.
1:00.0	We did have an opportunity to do all this in college, like most of us.
1:03.3	It's Monday, January 8, 2024, Squack Pod begins right now.
1:09.3	Stand Becky by in three, 2, 1, Q, please.
1:15.3	Good morning and welcome to Squawk Box right here on
1:17.8	C. M. B.C. we are live from the Nesdac market site in Times Square.
	...

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