Inflation’s 40 Year High; Twitter’s CFO; Connecticut’s Mask Decision

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 10 February 2022

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Inflation rose 7.5% over the past year, its highest level since 1982. Jim Paulsen, The Leuthold Group CIO, CNBC’s Rick Santelli and Steve Liesman break down January’s key consumer price index data. Twitter reported fourth quarter financial results that missed analyst estimates on earnings, revenue, and user growth. The report is the first under new CEO Parag Agrawal after Jack Dorsey stepped down from the role in November. Twitter CFO Ned Segal discusses the company's latest acquisitions and its share buyback program. Connecticut Gov. Ned Lamont breaks down the state’s decision to lift its mask mandate in schools starting Mon. Feb. 28th. Plus, Uber and Pepsi are sharing their good news after reporting better than expected quarterly results. In this episode: Rick Santelli, @RickSantelli Steve Liesman, @steveliesman Ned Segal, @nedsegal Goc. Ned Lamont, @GovNedLamont Joe Kernen, @JoeSquawk 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 NBC producer Katie Kramer today on our podcast.
0:09.0	Inflation at a 40 year high.
0:12.0	Now there's bad numbers. Food up nearly a... inflation at a 40-year high.
0:12.6	Now there's bad numbers.
0:13.8	Food up nearly a percent.
0:15.4	Used car prices up 1.5 percent.
0:18.2	A parallel of 1.1.
0:19.8	But stronger consumers are good for companies like Uber and Pepsi.
0:23.7	It still holds true. Let me see salty snacks and sodas. Yeah, I get it.
0:30.0	Mask mandates are ending. Again, Connecticut Governor Ned Lamont on his decision.
0:35.2	Our infection rates are back the low, hospitalizations are way down, and most importantly,
0:40.9	people have the ability to keep themselves safe now.
0:44.6	And our second Ned of the day, Twitter, CFO Ned Siegel, fresh off the platform's earnings
0:49.8	call.
0:50.8	We feel like we're set up for a strong 2022. It feels like advertisers are off to a big start in Q1.
0:56.0	Acquisitions, Spotify, and work life after Jack Dorsey.
1:00.0	A busy podcast today, it is Thursday, February 10th, 2022.
1:05.4	Squawk Pod begins right now.
1:07.6	Inflation is running hot as they say. Consumer prices in January surged 7.5% from a year ago
1:20.3	the highest rate of increase since February of 1982 40 years ago.
1:25.8	The Labor Department released today the monthly consumer price index that happened
	...

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