It’s the Economy, 2024. The Fed’s Autonomy, Taxing Tips and Vivek Ramaswamy on Voters 08/12/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 12 August 2024

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Pressure is intensifying on Warner Bros. Discovery CEO David Zaslav to deliver shareholder value after taking a $9.1 billion impairment charge on the decline of its TV business. Puck’s Matt Belloni explores the state of legacy media, Warner Bros. Discovery’s crucial carriage fee negotiations with Comcast, and the future of streaming. Meanwhile, Democratic Presidential Nominee Kamala Harris is set to unveil her policy plans this week. Vivek Ramaswamy, former Republican presidential candidate and co-founder of Strive Asset Management, weighs in on the 2024 election and what the economy might look like under Harris versus Trump. Plus, The Wall Street Journal reports that activist investor Starboard Value has acquired a stake in Starbucks and is pushing for actions to boost the stock price, and Deadpool and Wolverine hits a billion dollars at the box office. Matt Belloni - 17:53 Vivek Ramaswamy - 28:19 Vivek Ramaswamy, @vivekramaswamy Matt Belloni, @mattbelloni Kelly Evans, @kellyCNBC Michael Santoli, @michaelsantoli 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	The Kamala Harris campaign expected to launch an economic plan this week, how the completely the We're not running against an individual candidate. We're running against that system.
0:25.6	And I think a powerful message for Donald Trump is to say that we're going into dismantle that system.
0:31.3	The cable business falling apart? it ain't so streamers knocking down profits
0:36.4	but there are still millions who pay for TV. Puck columnist Matt Bellany.
0:42.0	This is not television and they know it.
0:45.0	Plus, all the rest of today's news that got us squawking.
0:49.0	Bank of America CEO's warning about consumers
0:52.0	Disney's plans to reimagine theme parks, the trouble
0:55.4	with Starbucks, and Donald Trump trading jabs about the Fed's rate moves.
1:00.0	Isn't he saying now he doesn't want them to lower because...
1:02.0	Only because he does it... because he will help his election.
1:04.8	Right, exactly.
1:05.8	So no, that's exactly why you don't want him to be doing this.
1:09.2	It's Monday, August 12, 2024.
1:13.1	Squackpot begins right now.
1:15.8	Stand under by in three, two, one, Q Andrew.
1:19.2	Good morning and welcome to Squack Box right here on
1:23.4	see and be see we are live at the NASDAQ market site in Times Square
1:26.5	I'm into us so working along with Kelly Evans and Mike Santoli this
1:29.5	morning Joe and Beck you're off welcome morning to the circus we've got a lot to do this morning
	...

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