Hot Inflation Data & a Boeing Whistleblower 4/10/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 10 April 2024

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Consumer Price Index came in hotter than expected, rising 3.5% from a year ago and 0.4% on the month. CNBC’s Rick Santelli and Steve Liesman break down the report and its implications for the Federal Reserve’s monetary policy with former Labor Department Chief Economist Betsey Stevenson. A Boeing engineer has turned whistleblower, alleging issues on the Boeing aircraft assembly line. Former FAA Administrator Randy Babbitt discusses the workplace culture across the airline industry, taking stock of the toll manufacturing culture takes on aircraft safety. Deputy Treasury Secretary Wally Adeyemo is urging Congress to approve regulatory tools to crack down on cybercriminals using cryptocurrencies. Adeyemo explains his concerns with crypto crime, including the Treasury's recommended reforms. Plus, Intel has unveiled a new AI chip, the USPS is raising the price of stamps, and Scrabble is making board changes to encourage teamwork. Wally Adeyemo - 12:55 Randy Babbitt - 19:00 In this episode: Wally Adeyemo, @wallyadeyemo Steve Liesman, @steveliesman Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pod.
0:09.0	Inflation still hot, the Consumer Price Index showing higher prices are not coming down as fast as
0:15.7	policy makers want.
0:16.7	We're not making progress on inflation.
0:20.3	On Capitol Hill, Wally Adieumo, Deputy Treasury Secretary, is urging Congress to crack down on
0:26.0	crypto crimes.
0:27.0	Those cyber criminals who are doing ransomware attacks, they're almost exclusively doing
0:31.6	them in cryptocurrency.
0:33.0	And an engineer at Boeing turned whistleblower,
0:37.0	scrutiny on the assembly line, and problems across the industry.
0:40.0	We'll check in with former FAA administrator Randy Babbitt.
0:44.0	I think the culture is not just at Boeing. I think it's across the airline industry.
0:48.0	The airlines themselves need to rethink.
0:51.0	All that today, plus a change for Scrabble big basketball ratings and
0:56.7	Intel's unveiled a new AI chip. Is it Gowdy? I don't know for sure but that would be
1:02.4	is a Gaudy I think it's gaudy.
1:04.6	It's Wednesday, April 10th, 2024.
1:07.8	Squawk Pot begins right now.
1:10.0	Stand Becky by in three three two one queue please.
1:14.3	Good morning everybody welcome to squawk box right here on
1:19.4	see NBC we are live from the NASDAQ market site in Times Square.
	...

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