Easing Pain at the Pumps, Hiking Rate Hikes, & Outcry at the House of Mouse. 03/22/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 22 March 2022

⏱️ 34 minutes

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Summary

Federal Reserve Chairman Jay Powell is taking a tough stance on inflation--a lot tougher than the markets had expected. In an effort to combat rising prices, the central bank head suggested that the next interest rate hike might be higher than the quarter percentage point announced last week. Maryland Gov. Larry Hogan explains how the state’s gas-tax pause is helping residents save at the pump. He admits it’s only a temporary solution; a long term fix would be to “increase production here at home so we’re not so reliant on foreign countries for our oil.” Axios media reporter Sara Fischer and Puck News founding partner Matt Belloni weigh in on Disney’s response to Florida’s “Don’t Say Gay” bill as employees continue to express their discontent with CEO Bob Chapek. CNBC’s Julia Boorstin shares intel on the situation from her sources in media. Plus, Christie’s is offering one of Andy Warhol’s famed Marilyn Monroe portraits for just $200 million. In this episode: Sara Fischer, @sarafischer Matt Belloni, @MattBelloni Gov. Larry Hogan, @GovLarryHogan Michael Santoli, @michaelsantoli Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk 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	Federal Reserve Chair Jay Powell willing to do whatever it takes to combat inflation and it comes with a
0:14.2	warning of bigger rate hikes. If you need to get back to an actual interest rate
0:18.8	that could actually do something about inflation. This is going to be 2030.
0:24.4	Disney pushed into action by its employees on politics.
0:28.1	What's the strategy at the House of Mouse
0:29.9	and of its CEO?
0:31.1	Puck News, Matt Bellany joins us.
0:33.0	This is a narrative that has been created around Bob Chapek,
0:37.2	that he has sort of been tone-deaf to some of the issues
0:40.1	that are important to not only Disney employees, but some of the talent that are so important
0:45.1	to the success of the company.
0:47.6	And easing pain at the gas pump.
0:49.5	Cutting a gas tax cuts the strain for a while but it's only temporary says Maryland
0:53.8	governor Larry Hogan. We've got to provide for America's energy independence
0:58.0	and we've got to increase production here at home and so we're not so reliant
1:02.4	on foreign countries for our oil.
1:04.8	Plus want a war haul? It'll only cost you a cool 200 million.
1:09.3	It's just another way of saying I have enough money to put this on my wall.
1:12.4	It's just another way of compens I have enough money to put this on my wall. It's just
1:12.9	another way of compensating for something else right? It's Tuesday March 22nd
	...

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