Cooling Inflation, Kevin McCarthy, & a Hot Dog Dispute 6/12/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 12 June 2024

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Steve Ballmer, former Microsoft CEO and LA Clippers Chairman founded the data-driven not-for-profit USAFacts. He’s ready to deliver his economic data to Congress and push for transparency in government. Former Republican Speaker of the House Kevin McCarthy is out of his seat but not out of politics. The former lawmaker discusses the 2024 race and explains why this time, the election is more about President Biden than it is about former President Trump. Good economic news, from the Labor Department: May’s CPI data shows that inflation could be loosening its hold on the US economy. CNBC’s Steve Liesman considers the implications for the Federal Reserve’s interest rate strategy. A flurry of headlines have emerged from the Elon Musk universe, including Musk’s dropped lawsuit against OpenAI, hidden likes on X, and personal relationships at SpaceX. Plus, competitive eater Joey Chestnut is between a hot dog and an Impossible hot dog…and fans of Nathan’s hot dog eating contest will miss out on the reigning champion this year. Steve Ballmer - 14:47 Kevin McCarthy - 28:21 In this episode: Kevin McCarthy, @SpeakerMcCarthy Steve Liesman, @steveliesman Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pod.
0:09.0	Steve Balmer wants to teach Congress transparency.
0:13.3	We have to make data-driven decisions as a government.
0:17.2	The former Microsoft CEO's new passion,
0:20.3	the Business of America, and his self-described 8k of our balance sheet USA Facts.
0:26.7	And Kevin McCarthy former Republican House Speaker on the 2024 campaign.
0:32.4	This election is more about Biden than it is about Trump.
0:37.0	But first, today's big headlines like cooling inflation.
0:41.0	Many pieces of Elon Musk news from Elon Musk's many companies and Apple's plan to
0:47.2	improve Siri with more AI. Right now when I do something wrong and Siri
0:52.2	comes up it's like,
0:53.0	it's like, oh!
0:54.0	It's Wednesday, June 12, 2024.
0:58.0	Squawk Pod begins right now.
1:00.0	Stand Becky by in three two one cue please.
1:06.0	Good morning everybody. Welcome to
1:08.0	Squackbox right here on see MBC. We are live from the
1:10.8	Nesdac market site in Times Square.
1:12.7	I'm Becky Quick along with Joe Kernan and Andrew Ross Sorkin.
1:16.0	The International Energy Agency warning that a US-led surge in global oil production
1:20.8	is expected to outstrip demand growth by the end of the decade.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.