Financial Inclusion, the Fed, & Forecasting America’s Covid Future

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 24 March 2021

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Operation Hope founder John Hope Bryant is working with former SEC Chair Jay Clayton to expand financial literacy and inclusion across the country, in an effort to shrink poverty and the wealth gap in the U.S. Nonresident Fellow at Brookings and NBC News contributor Dr. Kavita Patel considers what a third wave of Covid in Europe may mean for the pandemic trajectory here at home. A Covid-free world, she suggests, may not be the post-pandemic reality. Investors are eyeing GameStop after its quarterly earnings call; Hightower CIO and Portfolio Manager Stephanie Link weighs the risks of the meme stock trade. Plus, Elon Musk is midnight tweeting, and the markets are digesting comments from Treasury Secretary Janet Yellen and Fed Chairman Jerome Powell.

Transcript

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0:00.0	This is
0:02.0	This is Squawk Pod. I'm C. M.
0:04.0	Cady Kramer, today on our podcast.
0:06.0	A COVID third wave is hitting Europe,
0:09.0	but the US might be in the clear or as clear as possible.
0:11.0	Brookings Dr. Kavita Patel.
0:13.2	This isn't going to be a pandemic we eliminate.
0:15.6	We're just going to get to a level where we can treat and learn to deal with it.
0:19.4	And financial literacy could be the key to breaking a global cycle of poverty.
0:23.7	Two unlikely partners are betting on it.
0:25.7	Operation Hope's John Bryant.
0:27.4	By giving more education to everybody, irrespective of race,
0:31.1	you deepen the best strength, you strengthen America, you strengthen markets, you create more customers.
0:35.7	And former SEC chair, Jay Clayton.
0:38.0	With technology today, the cost of connecting people to the financial system is much lower and the cost of providing education at the point of sale is much lower.
0:49.0	Those stories plus finally a word from GameStop leadership and money money money must be
0:56.1	funny in Mike Santoli's world. Money never sleeps, pal. I check in I have the
1:00.8	feelers out all hours. It's Wednesday, March 24, 2021,
1:04.7	Squawk Hot begins right now.
1:07.8	Good morning, everybody.
1:08.8	Welcome to Squawk Box here on C.
1:10.9	I'm Becky Quick, along with Joe Kernan and Mike Santoli.
	...

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