Google’s Antitrust Issues & “The Black Swan” Author on Markets 08/06/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 6 August 2024

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

As the market rebounds from its sell-off, the Nikkei 225 posts its best day since October 2008. A federal U.S. judge ruled that Google has illegally held a monopoly. Former SEC Chair Jay Clayton discusses the Google antitrust ruling, the recent market sell-off, and the Fed’s interest rate decision. Nassim Taleb, Universa Investments' distinguished scientific advisor and author of ‘The Black Swan,’ weighs in on market volatility, the Fed’s inflation fight, and bitcoin’s volatility. Plus, Vice President Kamala Harris officially secured the Democratic Party’s nomination for President and has selected Minnesota Governor Tim Walz to be her running mate. CNBC's Megan Cassella explains the calculated choice between Gov. Walz and Pennsylvania Gov. Shapiro for the Democratic ticket. Megan Cassella - 11:00 Nassim Taleb - 18:09 Jay Clayton - 32:34 In this episode: Megan Cassella, @mmcassella Nassim Taleb, @nntaleb Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squawk Pod from C and B.
0:07.0	I'm producer Cameron Costa and on today's episode
0:11.0	Making Sense of the Markets. It's not not a turnaround after a huge market
0:17.5	sell-off. We don't know what the front end of a recession looks like and we don't
0:21.2	know if that's what this is. And it may not be.
0:23.2	Author of Black Swan, Niseim Telev, how he is thinking through the plunge, the
0:28.5	Fed, and are bigger economic issues. The problem is not the drop in the market.
0:33.8	The problem is the structure of what we have.
0:35.7	Everyone knows we have a lot of that and nobody's doing anything about it.
0:39.9	And Google has lost an historic antitrust battle, how the decision affects the rest of Silicon Valley
0:46.1	and whether it even matters to the public if Google has a monopoly on search.
0:50.3	Former SEC Chair Jay Clayton.
0:52.8	That's something that the judge has to deal with, the fact that consumers may just like this.
0:57.2	Plus, Kamala Harris, now the official Democratic presidential nominee. and she's got a running mate.
1:05.2	Minnesota Governor Tim Walls beat out Pennsylvania Governor Josh Shapiro.
1:10.0	Shapiro would certainly make her look like she's trying to lean more moderate,
1:13.6	walls more progressive.
1:14.8	It's Tuesday, August 6th, and Squawkpad begins right now.
1:20.1	Stand under by in three three two one Q and
1:24.8	Andrew. Good morning and welcome to
1:27.2	squat box right here on see and be see we're live
	...

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