Elon’s New Headline; Cramer’s Urge for the Fed; Monkeypox in the U.S. 5/20/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 20 May 2022

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Health authorities in Europe, the U.S., and Australia are investigating a recent outbreak of monkeypox cases, a rare virus typically confined to Africa. Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, discusses whether this country’s first case of monkeypox is cause for concern, and how the country will handle the latest rise in Covid-19 infections. Business Insider reports that SpaceX paid a flight attendant $250,000 in severance over a sexual misconduct claim made against CEO and founder Elon Musk. Musk tweeted that “wild accusations” against him were untrue, although he didn’t specify the allegations. The Squawk Box team discusses Mad Money host Jim Cramer’s urge for Federal Reserve Chair Jerome Powell to act on inflation, aggressively and immediately. Plus, rates for babysitters are rising, and a shoe stock is on the move! In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:04.0	Hi, I'm the NBC producer Katie Kramer today on Squawk Pod
0:08.0	COVID cases ticking up but American behavior may be staying the same.
0:13.0	What's coming with Dr. Scott Gottley?
0:14.9	We have not had a wave of infection in any summer.
0:17.5	It's hard to imagine why we would have it in this summer,
0:19.6	notwithstanding the fact that this is a more contagious variant.
0:21.7	There's a lot of immunity in the population,
0:23.4	people who were recently infected with B1.
0:26.0	And the Federal Reserve stuck between inflation
0:29.1	and a hard place.
0:30.1	It's a very tough job when the only tool you have to tackle inflation is to kill the economy.
0:37.0	Plus the newest episode in Elon Musk's telenovela, and despite a bleak week, a shoe stock is looking pretty shiny.
0:44.0	I think Becky and I were on the hocco bandwagon, right?
0:48.0	But we love them, right?
0:49.0	It's like running on yoga mats.
0:51.0	Those stories and one club's getting a lot more expensive.
0:54.5	Babysitters you splurge on, because you want one that...
0:58.0	You want one you trust.
0:59.0	Yeah.
1:00.0	It's Friday, May 20, 2022.
1:02.0	Squawk Pod begins right now.
	...

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