Debt Default Drama; Theranos Texts on Trial; Smart Travels with The Points Guy

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 23 September 2021

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Fed Chair Jerome Powell signaled a rate hike and a stimulus taper, prompting a positive day on Wall Street. In Washington, Congress may be at a standstill to raise or suspend the debt limit, thus averting a government shutdown, and a debt default. Eric Cantor, former Republican House Majority Leader and CNBC’s Ylan Mui discuss the debt ceiling and the possible economic fallout. The Food and Drug Administration authorized Pfizer and BioNTech’s Covid-19 booster shots for people 65 and older and other vulnerable Americans six months after receiving the first two doses. Theranos founder Elizabeth Holmes continues her trial, and CNBC’s Yasmin Khorram has obtained 600 pages of Holmes’s private texts with her ex-boyfriend Sunny Balwani. Khorram reveals details of their relationship, now in the courtroom spotlight. Plus, The Points Guy Brian Kelly offers his tips for making the most of a credit card, capitalizing on the best ways to leverage Amex and Chase points for travel. In this episode: Eric Cantor, @EricCantor Brian Kelly, @thepointsguy Ylan Mui, @ylanmui Yasmin Khorram, @YasminKhorram Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod.
0:06.0	I'm C. NBC producer Katie Kramer.
0:08.0	Today on our podcast, A Stand Off on the Hill to Fund or not to fund the government,
0:13.7	former Republican House Majority Leader Eric Cantor
0:16.2	on suspending the debt ceiling and roadblocks in the Senate.
0:19.6	There's no question that the Democrats have a path out of this and I believe in the end
0:25.2	are going to take care of this. And make the most of your Amex, the points guy Brian
0:31.3	Kelly has tips for smart charges to your credit card.
0:34.5	I've actually noticed that Freight Fire Miles
0:36.5	have become more valuable because they give more flexibility.
0:39.5	If you want to cancel that trip for whatever reason,
0:42.0	you can get all your miles back.
0:44.4	Those stories plus Fed Chair Jay Powell speaks and inside Farinos founder Elizabeth Holmes
0:50.1	trial and her private text messages.
0:52.8	The NBC's Yasmin Coram has all the details.
0:55.6	These text messages paint a picture of Elizabeth Holmes that we all knew, a cruel confidence
1:00.4	CEO.
1:01.4	It's completely different than the Elizabeth Holmes we are seeing inside and outside this courthouse.
1:07.0	It's Thursday, September 23rd, 2021. Squawk Pod begins right now.
1:13.0	Stand Becky by in three, two, one, fuel, glee.
1:17.6	Good morning.
	...

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.