Hoping for the End of Hikes & Pushing for Packages in Washington 12/04/23

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 4 December 2023

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

After Fed Chair Jay Powell’s comments on Friday, investors are hopeful that the Federal Reserve is done hiking interest rates, and the interest rate environment has led to highs in the Dow Jones Industrial Average, gold prices, and bitcoin. Restaurateur Cameron Mitchell shares his consumer’s spending habits in the inflationary environment, including new trends in how Americans are dining out. Plus, Israeli forces announced an expansion of ground attacks against Hamas in Gaza, Yemen’s Iran-backed Houthi military group attacked commercial vessels in the Red Sea, and the US Senate is in the midst of heated negotiations to pass aid packages to Israel and Ukraine. Senator Roger Marshall (R-Kansas) explains his perspective on Washington’s priorities, balancing geopolitical obligations of emergency aid in warzones and domestic goals like border security. Sen. Roger Marshall - 13:20 Cameron Mitchell - 22:13 In this episode: Sen. Roger Marshall, @RogerMarshallMD Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squat Pod from CNBC.
0:07.0	I'm producer Cameron Costa and on today's podcast,
0:10.0	A Consumer Spending-in.
0:13.4	Resator Cameron Mitchell has the trends
0:16.1	at his dozens of restaurants across the country.
0:19.2	We're seeing a little bit of movement
0:21.0	from our fine dining restaurants down to our more polished
0:24.4	casual brands. And a tug of war in the Senate getting foreign aid packages
0:30.8	off the ground while supporting domestic goals.
0:34.0	Kansas Senator Roger Marshall with his perspective.
0:37.8	Why would we send 60, 70 billion dollars more to Ukraine
0:41.2	when we haven't secured our own border yet. It's always to me about
0:44.1	priorities it's the border. Those conversations plus today's other headlines.
0:49.2	Fed Chair Powell is warning investors not to get their hopes up for rate cuts, what interest rates have done for gold and for Bitcoin, and Walmart has stuck advertising on Eila Musk's X.
1:02.0	But Musk's colorful message to advertisers big and small
1:06.5	still making headlines. That word is just way too common, is it not?
1:10.5	Get yourself a swear jar. It's Monday, December 4th, 2023, and Squawk Pod begins right now.
1:18.0	Stand Becky by in three, two, one, queue please.
1:22.0	Good morning and welcome to Squawk Box right here on C NBC.
1:26.3	We are live from the Nesdac Market site in Times Square.
1:29.0	I'm Becky Quick along with Joe Kernan and Andrew Ross Sorkinkin and it's a Monday morning.
	...

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