Inflation Breakdown, Microsoft’s Victory over FTC & Weight-Loss Drug Probe 7/12/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 12 July 2023

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Inflation rose just 0.2% in June, less than expected as consumers get a break from price increases. CNBC’s Rick Santelli and Mike Santoli were joined by Manhattan Institute’s Allison Schrager and Economist Betsey Stevenson to help break down June's CPI data. A federal judge in San Francisco has denied the FTC’s motion to stop Microsoft from completing its acquisition of Activision Blizzard. Jamillia Ferris, former DOJ & FCC antitrust official and partner at Freshfields’ antitrust, competition and trade group, discusses the state of the Microsoft-Activision deal. Jared Holz, Mizuho Securities healthcare sector specialist, discusses news of EU regulators expanding its review of drugs used to treat obesity and diabetes after reports or some patients experience suicidal thoughts. In this episode: Rick Santelli, @RickSantelli Allison Schrager, @AllisonSchrager Betsey Stevenson, @BetseyStevenson Michael Santoli, @michaelsantoli Jared Holz, @MizuhoAmericas Joe Kernen, @JoeSquawk Melissa Lee, @MelissaLeeCNBC 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 Squack Pod.
0:09.0	A number worth paying attention to.
0:11.0	Inflation falling to its lowest rate in more than two years.
0:15.1	Is inflation going to come down faster than the economy deteriorates?
0:18.9	Have the Fed's policies cooled the heat without stalling growth.
0:23.0	This is exactly what a soft landing looks like.
0:25.4	The fact that everyone now expects it
0:27.0	makes me think that now it won't happen
0:28.6	because we've jinxed it.
0:30.4	One big deal back on.
0:32.3	Microsoft winning the fight against the FTC to buy Activision
0:36.0	This is the much bigger this was the whale and they miss this one. What it means for regulators against big companies getting bigger.
0:43.3	Antitrust attorney Jamila Ferris joins us.
0:45.8	Her decision brings out all the hallmarks for why vertical deals,
0:49.5	which is what this is.
0:50.6	Hard to challenge. All that today plus Joe Kernan and Melissa Lee take on
0:56.1	stock surges for weight loss meds, Disney's global plan and the looming strike
1:01.4	deadline in Hollywood.
1:02.8	Have you ever tried to act?
1:03.8	Every day Joe.
1:05.0	I sit here next to you and I smile.
	...

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