How Will a Port Strike Affect the Economy? 10/01/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 1 October 2024

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Approximately 50,000 East and Gulf Coast port workers began a strike last night. Investor and Boston Celtics owner Glenn Hutchins discusses his perspective on the strength of the economy and the possibility of a soft landing for the Fed. Next, Steve MacMillan, CEO of diagnostic maker Hologic, talks about breast cancer awareness and how his company is using AI to help detect cancer. Plus, the death toll from Hurricane Helene has reached 130 people and legendary baseball player Pete Rose has died at age 83. Glenn Hutchins - 12:18 Steve Macmillan - 27:19 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese

Transcript

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0:00.0	Bring in show music please.
0:04.0	Today on Squawk Pod.
0:07.0	Did we stick the soft landing?
0:09.0	Did we make it?
0:10.0	Investor and sports team owner, Glenn Hutch Hutchins on the high stakes.
0:15.0	It is entirely possible that J Powell and the Fed pulled off a soft landing and that would be historic.
0:21.0	And the business of artificial intelligence in health care,
0:25.4	Steve McMillan of diagnostic maker Hologic, on new machines and a Breast Cancer
0:31.6	Awareness Month reminder.
0:33.0	Breast cancer is eminently treatable when you catch it early.
0:37.0	Plus, the flooding post-hurricane Helene continues,
0:41.0	a massive strike of dock workers.
0:43.8	For every day that we're on a strike, it's going to take a week, apparently,
0:47.0	to get the supply back online.
0:49.6	And remembering Charlie Hustle.
0:52.0	It just was like a real gut punch.
0:55.0	I'm C and B.C. producer Zach Valisei.
0:58.0	It's Tuesday, October 1st.
1:00.0	Squack-Pod begins right now.
1:02.0	Stand back you by in three, two, Squack-Pod begins right now.
1:02.6	Stand Becky by in three, two, one, queue please.
1:07.7	Good morning everybody and welcome to Squackbox right here on
	...

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