Dragon Fodder and Going “APE” 8/22/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 22 August 2022

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In the latest chapter of meme stock mania, AMC’s shares are tanking, and the company is getting creative to raise capital. As Americans await a potential decision on the Biden administration’s student loan forgiveness, CNBC’s Sharon Epperson reports that many fear the policy could worsen inflation. Cryptocurrencies may be as volatile as ever, but investor and bull Anthony Scaramucci considers Larry Fink’s and BlackRock’s change of heart on the asset to be a good sign for the entire industry. Plus, HBO has a lot riding on its new series, “House of the Dragon,” Julia Boorstin reports. In this episode: Anthony Scaramucci, @Scaramucci Sharon Epperson, @Sharon_Epperson Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer: @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer today on Squawk Pod.
0:08.0	It's Monday, we're getting you all caught up up Joe Kernan to
0:12.8	this is how you welcome me back
0:14.6	with today's headlines me mayhem Tesla price hikes Warren Buffett's bet on
0:19.0	Occidental and so much more
0:21.3	I was watching a little bit it wasn wasn't all eyes, I might have had like one eye or maybe a half
0:26.2	an eye.
0:27.2	I was watching the markets, but I was trying to relax.
0:29.8	And portfolio hedging 101 with investor Anthony Scaramuchi.
0:33.6	Bitcoin still is not a mature enough asset to be regarded as a potential inflation
0:38.8	heads.
0:39.8	You just don't have the wallet bandwidth in Bitcoin.
0:42.8	Plus, Dragons and Thrones and Streamers, oh my.
0:46.3	Joe, we got a new show to watch, apparently.
0:48.3	What if the Hobbets met the characters on Game of Thrones?
0:51.7	Probably not possible.
0:53.4	It's Monday, August 22nd, Squack Pot begins right now.
0:57.8	Stand to enter by in three, two, one,
1:00.8	Q Andrew.
1:02.0	Good morning and welcome to Squackbox right here on
1:04.4	CNB, C, I'm as we're all sorting along with Joe Kern and Becky's off today.
	...

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