Elizabeth Warren’s Message to the Fed 06/18/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 18 June 2024

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Senator Elizabeth Warren (D-MA) is taking on big banks and Federal Reserve Chair Jay Powell, to whom she says, “do your job.” She has a spirited conversation with Becky Quick and Joe Kernen about the Fed, the banking system, and tax code fairness. And after the Surgeon General’s warning on social media’s harm to kids, former FDA Commissioner Dr. Scott Gottlieb discusses the science proving social media’s toll on teens, and he compares Congress’s strategy today with the FDA’s strategy navigating illicit opioid sales on social media, years ago. Plus, CNBC’s Emily Wilkins reports on the boom of “revenge porn” deepfakes, Apple will stop offering buy now, pay later loans in the U.S., and some victims of the AI craze: Chegg stock is down 90% since OpenAI’s launch of ChatGPT. Sen. Elizabeth Warren - 10:36 Dr. Scott Gottlieb - 28:26 In this episode: Sen. Elizabeth Warren, @SenWarren Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick 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 Pot.
0:09.0	Senator Elizabeth Warren, taking on the big banks,
0:12.5	and now telling our Federal Reserve chair to do his job.
0:16.1	Jay Powell turns around and seems to be undercutting
0:19.8	exactly what the Vice Chair for Supervision is doing doing and I want to understand why and I want to
0:26.1	understand if it is related to the fact that J Pell has had multiple meetings with Jamie Diamond and with other big bankers.
0:36.2	And legislating against social media's harm to kids, Dr. Scott Gottlieb on the effort and
0:42.2	the road ahead.
0:43.1	We all know social media is harming youth,
0:45.4	but the harm isn't so direct and the scientific evidence right now.
0:48.9	I don't think meets the threshold that they had.
0:50.8	Really?
0:51.8	With respect to alcohol and tobacco.
0:53.0	Plus, today's other big stories, like the Apple Pay Plan,
0:58.0	AI's big losers, and revenge porn, the deep fakes causing a stir on Capitol Hill and beyond.
1:04.4	I don't want it to happen to me.
1:05.3	I don't think anyone, right?
1:06.5	Nobody needs to see that.
1:08.7	It's Tuesday, June 18, 2024.
1:11.8	Squack-P Pod begins right now.
1:14.2	Stand Becky by in three, two, one, queue please.
	...

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