From BBB to PPP: Drama in DC & Virus Ripples Around the World

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 20 December 2021

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Global markets are wavering as cases of the omicron variant ticks up around the world. Moderna says its Covid booster dose does bolster antibodies against the new variant, but even so, CNBC’s Robert Frank reports that big banks are reversing their return-to-work policies. CNBC’s Meg Tirrell explains the Moderna news and compares data on cases of Covid’s omicron and delta variants, and former FDA Commissioner Dr. Scott Gottlieb offers best testing practices to families hoping to gather for a safe holiday. In light of the latest surge, the World Economic Forum usually held in January in Davos has been postponed. Plus, CNBC’s Eamon Javers discusses Senator Joe Manchin’s (D-WV) decision not to support President Biden’s Build Back Better plan, a blow for Democrats and the administration. In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Robert Frank, @robtfrank Meg Tirrell, @megtirrell 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.
0:04.0	This is Swack Pod. I'm C. NBC producer Katie Kramer
0:08.0	today on our podcast.
0:10.0	O' Macron rattles the New York area ahead of the holiday, but there's good news from Moderna about the variant and a testing plan to get you through it safely.
0:18.0	Former FDA Commissioner, Dr Scott Gottlie.
0:21.0	If you're using a rapid test to try to protect the social gathering, you want to generally
0:24.8	use that test as close as possible to the setting, to the activity, and I would still recommend
0:29.6	serial testing if you can.
0:32.0	Biden's build back better plan all that foiled. Magic tricks in
0:35.8	DC with see NBC's Aiman Javers. There just hasn't been any suggestion that
0:40.3	they would get Republicans on this but if they could pull a rabbit out of a hat, they could trade mansion.
0:45.0	Plus, another conference postponed.
0:48.0	Jets for the World Economic Forum in Davos are grounded for now.
0:52.0	All along, who thought of, did anyone say,
0:55.0	Klaus, the Maldives?
0:57.0	I mean, take your pick around the world
0:59.0	of where you could do this.
1:01.0	You're sort of stuck there, and that's what makes it great. It's
1:05.0	Monday December 20th 2021. Squawk Pod begins right now. We start the podcast today with a feeling of deja vu. COVID cases up again and market confidence is down again.
1:24.8	The O'Macron variant of COVID-19 has been found in 43 out of 50 U.S. states and around 90 countries
1:31.2	in the number of new cases doubling in a matter of days.
1:35.1	According to Johns Hopkins University, the US is now averaging more than 121,000 new cases
	...

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