Countdown to Shutdown, Austan Goolsbee on Inflation, and We’re Singing in the Rain 9/25/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 25 September 2023

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The government funding deadline – midnight on October 1st – is looming and the likelihood of a federal shutdown is high. Pimco’s head of public policy, Libby Cantrill, describes the gamesmanship in Washington and weighs in on its potential impact to investors and consumers. Inflation persists in spite of the Federal Reserve’s rate hike strategy. Chicago Fed President Austan Goolsbee defends the central bank’s goals, arguing that avoiding a recession is still possible – but inflation remains a risk. Puck’s Matt Belloni on the tentative deal between the WGA and Hollywood studios to end the 4 month-long writers strike, Taylor Swift upstages the NFL and Tinder offering subscriptions for seriously-motivated daters. Plus, the earworms we can’t stop singing! Matt Belloni 04:32 Emily Wilkins 14:49 Libby Cantrill 16:42 Austan Goolsbee 25:17 In this episode: Matthew Belloni,@mattbelloni Emily Wilkins, @emrwilkins Libby Cantrill, @Pimco Austan Goolsbee, @Austan_Goolsbee Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick 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	Yeah, it's this week.
0:11.0	Washington's funding deadline is looming, and the devil is in the details
0:14.6	Pimco's head of public policy Liby Cantrell.
0:17.5	Speaker McCarthy has a sort of a Sophie's choice in front of him and is the economy on the
0:22.1	edge we could be in the first quarter of the And is the economy on the edge?
0:23.0	We could be in the first quarter of the slowdown.
0:25.6	It happened gradually and then all at once.
0:28.5	Chicago Federal Reserve Bank President Austin Goolsbee says
0:31.7	avoiding a recession is possible, but inflation still a risk.
0:35.2	You cannot change your target if you haven't reached the target.
0:40.0	Plus the writer's strike reaching an end, T-Swifts dating again.
0:44.6	My wife is happy about Travis.
0:47.2	She's getting away from the singers and the entertainers.
0:49.8	They're, nobody needs them.
0:51.4	They're flaky. And subscription tender has us thinking.
0:56.0	Career or what career? The oldest one. Yeah.
1:00.0	It's Monday September 25th.
1:03.0	There's a party going on right now.
1:06.0	Squawk Pod, the musical, begins right now.
1:09.0	Stand Becky by in three, two, one, queue please 1, Q, please.
	...

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.