Business (& Character) on the Ballot, FTX on Fire, & ‘DIS’ for Disappointment? 11/09/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 9 November 2022

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

As results for the U.S. midterm elections trickle in, Joe Kernen, Becky Quick, Andrew Ross Sorkin, and Ylan Mui discuss the tightest races and the value–and lack thereof–in polling. Former Senator Judd Gregg and President Obama’s former chief of staff Bill Daley consider what the results might tell us about the electorate’s biggest concerns. The biggest corporate stories might be moving the markets even more than politics: Disney’s big disappointment, Meta’s 11,000 laid off employees. A crypto drama is also affecting the wider markets: crypto exchange Binance has offered to buy out its rival FTX. Circle CEO and crypto expert Jeremy Allaire discusses whether FTX’s liquidity issues are simply one of many crypto dominos to fall, as well as the celebrities and star investors that got caught up in the FTX hype. In this episode: Jeremy Allaire, @jerallaire Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Ylan Mui, @ylanmui Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Hi, I'm C. NBC producer Katie Kramer. Today, on Squack Pod. The Red Wave that was a
0:10.7	whisper. What they say kill the bankers? I think we gotta kill the pollsters. I mean what are they?
0:15.0	Just thinking kill the lawyers. That's a- No, yeah, kill the lawyers, maybe.
0:18.0	Republican gains in the midterm elections more muted than expected, power hangs in the balance.
0:23.8	Look, Pennsylvania, clearly not MAGA.
0:26.0	Two Washington veterans join us.
0:28.0	Former White House Chief of Staff, Bill Daly.
0:30.6	Polling was once again proven to be rather inaccurate.
0:33.4	And former Senator Judd Gregg on what mattered in the voting booths.
0:37.4	People are upset about this economy.
0:39.0	They're very upset about the economy.
0:40.6	But people are more upset about the way the government functions in Washington.
0:44.0	Plus, a crypto drama goes mainstream. Rival's Binance and FTX, a proposed buyout, and all the virtual chips still left to fall.
0:53.9	Crypto expert Jeremy Allaire on why FTX's star power just wasn't enough to save it.
0:59.7	For many people, this is sort of a shock.
1:02.1	I think there was a perception that FTX was one of the strongest
1:06.4	firms in the space it's Wednesday November 9th 2022 squawk Pod begins right now.
1:15.0	Definitely not a Republican wave, that's for darn sure.
1:18.0	The next speaker of the House of Representatives Kevin McCarthy.
1:23.0	Thank you all very much.
1:25.0	I know it's a late night, but first I want to start by thanking every single candidate and their families for running.
1:31.0	Good morning morning everybody.
	...

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