Facing Off Inflation; The Next Variant; Buckling Up for Booze

Squawk Pod

CNBC

Investing, Business, News, Business News

4.2 • 543 Ratings

🗓️ 28 January 2022

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Thanks to the Fed’s emergency stimulus measures, the U.S. economy saw its fastest pace of growth since the 1980s in 2021. To combat the resulting inflation however, the Fed plans to dial those measures back, starting with a rate hike in March. Carlos Gutierrez, former Commerce Secretary, former CEO of Kellogg’s, and co-founder of Empath, says that CEOs will have to deal with inflation now, whether it’s transitory or not. In the face of yet another Covid-19 variant, Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, breaks down what experts know about BA.2. Plus, Apple reported its best single quarter revenue ever despite supply challenges, and Southwest Airlines is considering a return of in-flight booze. In this episode: Carlos Gutierrez Scott Gottlieb, @ScottGottliebMD Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

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 C. NBC producer Katie Kramer, today on our podcast.
0:10.0	Employers are facing the highest labor costs in 20 years.
0:14.0	Why are so many CEOs ill-equipped for inflation?
0:18.0	Former Commerce Secretary Carlos Gutierrez.
0:20.0	If inflation is at 7 and you increase prices at 2 or 3 percent because your financial planner said it was
0:27.1	transitory, temporary, not to worry about it, you're going to be behind the curve.
0:33.4	The B.A. Point 2 stealth variant, sub-varian.
0:36.6	Whatever you call it, we've got another one.
0:38.8	Dr. Scott Gottlieb joins us.
0:40.5	It does appear to be more contagious. Is it more virulent? Is it more dangerous of a strain? It doesn't appear to be the case.
0:47.0	Those stories plus Apple's Big Quarter, Neil Young's costly music move and booze stocked and ready for takeoff.
0:54.3	Southwest is making a change.
0:56.0	It's been unruly enough, like you don't need to add alcohol.
0:59.9	It's Friday, January 28, 2022.
1:02.8	Squack Pod begins right now.
1:05.1	Stand Becky by in three, two, one, fuel, brief.
1:09.9	Good morning, everybody.
1:11.2	Welcome to Squackbox right here on
1:12.6	cnbec. I'm Becky Quick along with Joe
1:14.7	Kernan and Andrew Ross Sorkin and T. G. I. F.
	...

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