Feuds Over the Fed & The Personal vs. Professional with Ex-Levi Executive Jennifer Sey

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 17 February 2022

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ongoing tension at the Russia-Ukraine border continues to impact market sentiment. The U.S. Ambassador to the United Nations says the conflict has reached a “crucial moment” and that Russia is moving toward “an imminent invasion.” Senate Republicans are blocking votes on President Joe Biden’s five nominees for the Federal Reserve Board, creating an impasse while the central bank is under increasing pressure to combat inflation. Sen. Kevin Cramer (R-ND.), discusses delaying the vote and why he has particular ethical concerns for nominee Sarah Bloom Raskin. Jennifer Sey, former Levi’s Brand president, discusses how publicizing her personal views created problems for her career, and whether it’s happening to other employees across the country. Plus, there are big changes at the FAA and some tech stocks are beginning to lose their luster. In this episode: Sen. Kevin Cramer, @SenKevinCramer Jennifer Sey, @JenniferSey Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Phil LeBeau, @Lebeaucarnews 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.
0:08.0	Today on our podcast.
0:10.0	Senate Republicans boycotting a vote on the president's Fed nominees.
0:13.6	Senator Kevin Kramer describes his ethical concerns about the nominee for the
0:17.4	Fed's powerful banking regulator.
0:19.4	This one stinks big time because we have actual evidence that she made one and a half
0:24.4	million dollars off of a you know a stock trade after lobbying the Casey Fed for
0:29.1	preferential treatment and former Levi's executive Jennifer say out after 20 years of the company what happens
0:36.0	when personal beliefs clash with the professional?
0:38.8	I don't think this is an issue of necessarily aligning with the company or not being progressive enough.
0:45.3	It shouldn't be a condition of employment to 100% align with your employer's views.
0:51.7	Those interviews today, plus big changes at the FAA.
0:55.0	Tech stocks, maybe losing their luster.
0:57.2	And Russia says it's pulling back troops from Ukraine, but NATO allies claim the opposite.
1:02.2	You know the term gaslighting lighting it's a great term.
1:05.0	I realize I've been doing it for years.
1:07.0	Just realize that?
1:08.0	It is Thursday February 17th, 2022.
1:11.0	Squawk Pod begins right now.
1:13.8	Stand Becky by in three, two, one, you agree.
	...

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