Flo Rida & Celsius, McCarthy & the House, Wages & the Fed 01/09/23

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 9 January 2023

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rapper Flo Rida is speaking out about his lawsuit against energy drink company Celsius. After a successful partnership, Flo alleges the company breached his endorsement contract. In an interview alongside his attorney John Uustal, Flo Rida explains the value his own brand lent to Celsius, and why, despite the lawsuit, he’s still drinking the product on stage. After a December jobs report buoyed the markets, investors wonder whether the Federal Reserve will slow rate hikes. White House economist Heather Boushey explains the administration’s take on potential recession and President Biden’s plans to ease economic pains for Americans. Plus, the Rep. Kevin McCarthy (R-CA) finally locked his new job as Speaker of the House, and Salesforce is the latest tech company with a round of layoffs. In this episode: Flo Rida, @official_flo Heather Boushey, @hboushey46 Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer today on Squack Pond.
0:09.0	Finally, we have a speaker of the House, Kevin McCarthy has secured the votes narrowly.
0:14.4	I mean, they almost came to fisticuffs on the floor.
0:16.5	It did.
0:17.5	That was all part of it.
0:18.5	It was not as cool, but I mean, it was riveted.
0:22.1	And we have movement on jobs and wage growth,
0:25.0	but is it enough to prompt a change from the Fed?
0:28.0	White House Council of Economic Advisors member Heather Boucher
0:31.0	While we want to see continued wage gains, we wanted that pace to be more
0:34.2	in line with what the economy can bear, and I think there was some good news.
0:39.4	Those stories, plus, name that rapper.
0:42.0	When it comes down to music, you know, I was the first to introduce the world to Lady Gaga.
0:46.4	I introduced a lady who's well known by the name of Sia.
0:49.2	You know, I did her first record.
0:50.7	I did Keshia.
0:51.7	She was on my record right round. It's Flo Reiner on his lawsuit against former partner,
0:57.1	Celsius Energy Drinks. This product has done, you know, over tens and
1:01.0	tens of millions of dollars since I joined the company I'm talking
1:04.3	about the likes of Doja Cat. She's doing interviews you catch and saying this is flows drink.
1:09.8	It is Monday January January 9, 2022.
	...

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