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Squawk Pod

Goodbye, Q3! A New Episode of the Musk-Twitter Soap 9/30

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2543 Ratings

🗓️ 30 September 2022

⏱️ 32 minutes

🧾️ Download transcript

Summary

Joe, Becky, and Andrew recap a long, turbulent month and quarter for the markets as we head into the fourth quarter. Investor, founder of Evercore, and former U.S. Treasury official Roger Altman discusses whether the Fed’s policies will have a hard or a soft landing, and Altman considers whether in two years, we’ll be in an economic recession or recovery. A text thread between Elon Musk and Jack Dorsey has revealed the friendships and strains behind the scenes of Musk-Twitter Soap Opera. Plus, Andrew’s won an Emmy! In this episode: 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 Squawk Pod.

0:08.0

September ends the last day of a rough month for the markets,

0:12.8

Investment Banker Roger Altman on the global fears spooking the street.

0:16.6

So look at our side of the Atlantic.

0:18.5

Right now we are not in recession.

0:20.5

And the murky outlook for our economy,

0:22.6

red-hot prices, Federal Reserve intervention.

0:25.4

The $64,000 question is soft landing versus hard landing.

0:29.5

Every day that goes by, the hard landing chances go up.

0:32.2

The group chat we can't get enough of

0:34.6

behind the scenes of the stalled Twitter takeover, Elon Musk and Jack Dorsey's

0:38.9

text thread. There's so many just sort of delicious lines in this whole thing.

0:43.2

And hitting the big time, Andrew Ross Sorkin on the award circuit,

0:47.3

we're pretty excited about it.

0:48.6

Tony, Grammy, Emmy,

0:51.1

it's too big to fail the musical.

0:52.8

Can you imagine Hank Paulson?

0:55.0

It's September 30th, bring on Q4.

0:58.2

Squawk Pod begins right now.

1:00.4

Stand Becky by in three, two, one, Q3, three, two, one, feel great.

1:04.0

Good morning everybody.

...

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