Fed Voting Member Austan Goolsbee & Formula One’s CEO 4/14/23

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 14 April 2023

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

President of the Chicago Federal Reserve Austan Goolsbee considers which economic data reveals the most about the American economy. Goolsbee discusses the Fed’s battle against inflation and the indicators of recession that he’s watching closely. Andrew Ross Sorkin sits down with Formula One CEO Stefano Domenicali, who explains the long road to building an American fanbase, starting with the Netflix show “Drive to Survive.” CNBC’s Phil LeBeau reports on Boeing’s warning about 737 Max deliveries and the many issues the company has faced in recent years. Plus, French protesters stormed the LVMH headquarters this week, home to offices of CEO–and the world’s richest man–Bernard Arnault. In this episode: Stefano Domenicali, @F1 Austan Goolsbee, @Austan_Goolsbee Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Melissa Lee, @MelissaLeeCNBC Steve Liesman, @steveliesman Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squawk Pod and I'm CNVC producer Cameron Costa.
0:08.0	On today's episode, a voting member of the Federal Reserve,
0:12.0	Chicago Fed President Austin Goolsbee A voting member of the Federal Reserve,
0:12.5	Chicago Fed President Austin Goolsby
0:14.9	with what we're missing in the inflation conversation.
0:18.0	The one thing that I think we're spending too much time looking at
0:22.1	is wage growth as an indicator of prices.
0:26.8	And Formula One CEO Stefano Domenicolly, the drive to survive and the long road to streaming.
0:34.4	The biggest thing that happened was for us to convince our world
0:38.0	that net it was the right way to go.
0:40.0	We were quite traditional a couple of years ago.
0:43.0	Plus, a hold-up on the runway for Boeing,
0:46.0	and French protesters at the gates of LVMH.
0:50.0	Protesters that broke into the company's headquarters yesterday
0:53.0	were chanting there is money in the pockets of billionaires.
0:57.0	It's Friday, April 14th, 2023, and Squack-P Pod begins right now.
1:03.0	Stand under by in three, two, one, two,
1:06.0	one, two handers.
1:08.0	Good morning and welcome to Squack Box right here on C.
1:10.0	NBC, we're live at the NasDAQ Market site in Times Square, manager
1:13.2	Austin, Austin Goldsby, Mr. President, Mr.
	...

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