Inflation Hits 39 Year High, Covid Boosters & Returning to Restaurants

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 10 December 2021

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Inflation accelerated at its fastest pace since 1982, putting pressure on the economic recovery and raising the stakes for the Federal Reserve. CNBC’s senior economics reporter, Steve Liesman, breaks down the latest consumer price index data. Dr. Kavita Patel, former White House health policy director and fellow at the Brookings Institution, reports on the latest CDC recommendations around Covid-19 booster shots. Restaurateur Lidia Bastianich discusses the pandemic’s impact on the restaurant industry and her new PBS special, ‘Lidia Celebrates America: Overcoming the Odds’. Starbucks employees have voted to join a union at one store in Buffalo, New York, the first unionized company-owned location in the U.S. Workers at a second location in the city voted to reject the drive to organize. Thursday’s vote count for a third Starbucks store in upstate New York ended without a definitive result because a number of ballots were still under review. Plus, Rutgers upsets #1 ranked Purdue with buzzer-beater game winner. In this episode: Dr. Kavita Patel, @kavitapmd Lidia Bastianich, @LidiaBastianich 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.
0:04.0	This is Squawk Pod. I'm C and B.
0:07.0	producer Zach Valisei today on our podcast.
0:11.0	Inflation surging to 6.8%, the fastest rate since 1982.
0:17.0	More with C and B.C.'s Steve Leisman.
0:20.0	At the moment, it seems like everybody's kind of copacetic with where we're at even though these numbers are hot and hot across the board
0:26.6	And how is inflation affecting restaurants and other businesses?
0:30.6	Chef and restaurateur Lydia Bastionich.
0:34.0	We have to be careful because we want the customers.
0:36.5	We want to keep the energy going,
0:38.0	but the costers are going up.
0:40.0	And it looks like a fourth COVID shot could come sooner rather than later.
0:45.0	Dr. Kavita Patel on what the future looks like for vaccine mandates and COVID restrictions.
0:51.0	I'm already talking with employers of different sizes in the United States who are rethinking
0:56.1	their mask policy.
0:57.1	I've seen a lot more employers now putting masks back in.
1:00.1	They've also been moving a lot more of their larger gatherings back to Zoom.
1:04.0	Plus, a Starbucks store in Buffalo, New York makes history after workers voted to unionize.
1:10.0	Did you just say they pulled up the living level of baristas all around the world?
1:14.5	Did you really just say that?
1:16.2	It's Friday, December 10th, Squack Pod begins right now.
1:20.0	Stand back you by in three, two, one,
	...

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