Good News & Bad Vibes: Jobs, EVs, & American Sentiment 01/05/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 5 January 2024

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

The last jobs report of 2023 came in much better than economists expected, but former Fed Vice Chair Roger Ferguson projects a cautious road forward. Other good economic news: America’s burgeoning electric vehicle industry. U.S Energy Secretary Jennifer Granholm is seeing the “diminishment of demand” for gasoline in America, but she’s confident in the country’s EV manufacturing future, from charging stations to battery supply chains. Despite good economic news, American sentiment remains low. Harvard Professor and happiness scholar Arthur Brooks explains the mismatch between ‘good news’ and unhappy Americans; he’s calling for more optimistic leadership in Washington. Plus, the NCAA and ESPN have inked an 8-year, $920m deal, and Pepsi is in a price war with Carrefour. Roger Ferguson - 3:10 Jennifer Granholm - 14:25 Arthur Brooks - 28:50 In this episode: Jennifer Granholm, @SecGranholm Arthur Brooks, @arthurbrooks Becky Quick, @BeckyQuick Michael Santoli, @michaelsantoli Steve Liesman, @steveliesman Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:04.0	Hi, I'm CNVC producer Katie Kramer
0:07.0	today on Squawk Pod.
0:09.0	What to do about good economic news
0:12.0	when we don't know how to handle it.
0:14.0	Like a much better jobs report than expected,
0:17.0	former Fed Vice Chair Roger Ferguson.
0:19.0	Things are still moving roughly in the right direction,
0:22.0	but not moving as quickly as
0:23.6	maybe some I thought. And the slowly declining cost of electric vehicles, here's
0:28.6	Energy Secretary Jennifer Granholm. We've got 350 companies across the country who've announced that they're going to open up
0:35.8	manufacturing shops to do EVs, batteries. We are going to have a manufacturing backbone
0:41.5	in this country again.
0:43.0	We want to understand why Americans, despite this good economic news,
0:48.0	we're still miserable.
0:49.0	Our happiness counselor, Arthur Brooks.
0:51.0	What we need, we need happier leaders.
0:53.5	We need to make America happy again.
0:56.2	We'll really dig into it today.
0:58.0	Plus, the big deal in college sports,
1:00.4	and a Franco-Pepsy price war.
1:03.0	This is one of my favorite stories of the day, actually.
	...

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