Build, Back, Passed -- and Moxie, Salad and TikTok

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 19 November 2021

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

The House of Representatives has passed the largest expansion of the social safety net in decades, a $1.75 trillion bill that funds universal pre-K, Medicare expansion, renewable energy credits, affordable housing, a year of expanded Child Tax Credits and major Obamacare subsidies. Now President Biden’s Build Back Better Act heads to the Senate. CNBC’s Ylan Mui reports on the Congressional Budget Office estimate that the legislation would add $367 billion to budget deficits over a decade. Veteran CEO Richard Parsons, senior advisor at Providence Equity Partners and former CEO of Time Warner, tells Joe Kernen, Becky Quick and Andrew Ross Sorkin that the President hasn’t been showing enough “leadership moxie.” Scott Cohn reports on the end of the 11-week trial against Theranos founder Elizabeth Holmes. Plus, Sweetgreen has a sweet debut and the kids - they love TikTok. In this episode: Ylan Mui, @ylanmui Scott Cohn, @ScottCohnTV Andrew Ross Sorkin, @andrewrsorkin 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	This is Squawk Pod. I'm C NBC producer Katie Kramer
0:08.0	today on our podcast.
0:10.0	Past.
0:11.0	On this vote, the yeas are 217 the nays the house voting yes on President
0:15.8	Biden's social spending plan but a CBO analysis says it would slightly boost the
0:20.4	deficit see nbeces alan mui the cost, the deficit, see NBSC's Alon Moy.
0:22.8	The cost over the decade may be well above the 1.75 trillion cost and then the
0:29.0	367 billion that it adds to the deficit.
0:31.4	It could certainly be much higher than that.
0:34.0	Dick Parsons, who ran the C-suite at Citigroup and Time Warner, weighs in on the plan, and
0:38.8	President Biden's falling approval rating.
0:41.2	I don't think he's showing the kind of leadership that we need and
0:44.6	hope for. He's a very nice guy. I think he's headed in the right direction.
0:49.5	Plus Elizabeth Holmes Theranos trial nearing the end.
0:53.4	Sweet Green's tasty day one, and Joe loves social media.
0:57.3	What about Snap, Colonel?
0:58.7	Is that the one where it goes away right away
1:00.8	where you can't get busted or something.
1:02.6	That would be good for me.
1:04.2	It's Friday.
1:05.2	Friday, Friday, Friday, Friday.
	...

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