Facebook’s Whistleblower & DC’s Impending Deadline

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 6 October 2021

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Facebook faced negative testimony about user health and safety from a whistleblower yesterday in front of Congress. CNBC’s Julia Boorstin reports Facebook CEO Mark Zuckerberg is defending the company against the accusations from whistleblower Frances Haugen. Sherrilyn Ifill, president and director-counsel of the NAACP Legal Defense and Education Fund, also discusses why lawmakers need to enact regulations against Facebook. Democrats are looking to suspend the debt ceiling by targeting the filibuster ahead of a mid-October deadline. Treasury Secretary Janet Yellen and other economists say a failure to pay even one interest payment could spark a dramatic rise in interest rates across the country, weaken the U.S. dollar and threaten the greenback’s status as the globe’s reserve currency. Delaware Senator, Chris Coons (D), discusses the way forward on reconciliation and President Biden’s agenda. In this episode: Chris Coons, @ChrisCoons Sherrilyn Ifill, @Sifill_LDF Julia Boorstin, @JBoorstin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod.
0:06.0	I'm CNBC producer Zach Valise.
0:09.0	Today on our podcast, Facebook Under Fire, again.
0:14.0	Unpacking Capitol Hill testimony from Facebook whistleblower Francis Houghgan.
0:19.0	The choices being made inside of Facebook are disastrous.
0:22.0	For our children, for our public safety, for our privacy, and
0:25.2	for our democracy.
0:26.2	So what now? How to regulate a giant with N-Double-A-C-P Legal Defense Funds Sherylin Eiffel.
0:32.6	Congress took the original idea
0:35.2	that you couldn't regulate these companies
0:37.0	because it would inhibit their innovation.
0:38.9	But I'm old enough to remember when car company
0:41.0	said that about seatbelt.
0:43.0	And another day another step closer to the U.S. defaulting on its debts, meeting the deadline and battling for bipartisanship with Delaware Senator Chris Coons.
0:53.0	In this instance, what is blocking us from moving forward
0:57.0	is Mitch McConnell's needless use of the filibuster, that 60-vote limit.
1:02.0	It's Wednesday, October 6th, 2021. Squack Pod begins right now.
1:08.0	Stand Becky by in three, two, one, fuel, please.
1:12.0	Good morning everybody.
1:14.0	Welcome to Squackbox here on C.M.
1:16.0	I'm Becky Quick along with Joe Kernan, Andrews off today.
	...

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