Facebook Whistleblower on Social Media Safety, Frank Luntz Polls Discontent Biden Voters 02/01/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 1 February 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

CEOs from the top social media companies testified yesterday on Capitol Hill about safeguarding children on their respective platforms. Arturo Béjar, former Facebook engineering director and former Instagram consultant, discussed key takeaways, what companies can do to safeguard their apps, and more. Frank Luntz, FIL Inc. pollster and political strategist, discusses the state of the 2024 race and why many Biden voters are looking for a change. Interest rate cut expectations were pushed out Wednesday after Federal Reserve Chair Jerome Powell said it’s unlikely the central bank will lower rates in March. Plus, Elon Musk asked his followers via a straw poll on X whether Tesla should change the state where it is incorporated to Texas, where its physical headquarters are. More than 80% of those who voted said yes. Arturo Béjar: 15:23 Frank Luntz: 23:02 In this episode: Frank Luntz, @FrankLuntz Melissa Lee, @MelissaLeeCNBC Andrew Ross Sorkin, @andrewrsorkin Michael Santoli, @michaelsantoli Zach Vallese, @zachvallese

Transcript

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0:00.0	Bring in show music please.
0:03.0	Today on Squawk Pod
0:06.0	Fed Chair J Powell says the Central Bank will not be raising rates,
0:11.0	signaling a March cut is also off the table, sending jitters through the market.
0:15.6	It really felt like the markets were at a point where he was looking for an excuse to sell
0:19.3	off and this may have been one of them.
0:22.1	In a fiery Senate hearing, CEOs from the top
0:24.9	social media companies were grilled on how to protect kids online. Former
0:29.2	Facebook engineer turned whistleblower Arturo Bayhore.
0:32.8	They have the infrastructure, they have the know-how, but they need to be investing it in things that
0:37.4	they help teens.
0:39.2	Plus, Polster and political strategist Frank Luntz on the 2024 presidential race and why many and Trump is Joe Biden. Any other Democrat would run further ahead. Any other Democrat would be beating Donald Trump right now.
0:57.0	I'm C, NBC producer Zach Valisee, it's Thursday, February 1st. Squawk Pod begins right now.
1:04.6	Stand under by in three, two, one,
1:07.6	Q, Andrew.
1:10.7	Good morning and welcome back to Squack Box right here on CNBC.
1:13.7	We're live at the NASDAQ market site in Times Square.
1:15.6	I'm Andrew Ross Sorkin, along with Melissa Lee and Mike Santoli.
1:19.0	Becky and Joe are out, but we've got a good group hanging in together. Great to be here.
1:24.0	Okay, we got a lot to do.
1:27.0	Markets experienced a late day drop yesterday
1:30.0	as Federal Reserve Chairman Jay Powell suggested that a March rate cut was unlikely.
	...

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