Kathy Hochul: “Leave the Kids Alone” 06/21/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 21 June 2024

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

New York Governor Kathy Hochul has signed two bills into law to regulate digital platforms' algorithms and the use of children's data, aiming to protect children and teens online. Gov. Hochul discusses the impact of the first-in-the-nation legislation and also addresses the future of congestion pricing in New York City. Jared Bernstein, Chair of President Biden’s Council of Economic Advisers, discusses the current state of the economy, President Biden’s initiatives to lower the cost of living for Americans, government spending, and its impact on the federal budget deficit. Meanwhile, a cyber outage at retail technology and software provider CDK is affecting automobile dealers across the United States. Plus, Amazon’s new AI-powered Alexa might cost you $10 per month. Jared Bernstein - 11:33 Gov. Kathy Hochul - 25:30 Jared Bernstein, @econjared46 Gov. Kathy Hochul, @GovKathyHochul Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick 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	Price Payne. White House Economic Advisor Jared Bernstein says the administration is working to bring them down.
0:16.0	We're trying to cut spending and we're being quite successful, particularly in the area of health care.
0:20.0	And to keep policy at the heart of economics.
0:23.0	Allowing Medicare to bargain for lower prescription drug costs,
0:27.0	that actually saves consumers and helps the budget.
0:30.0	New York's governor signs a first in the nation bill to regulate social media and head off a mental health crisis.
0:37.0	Kathy Hockel joins us.
0:39.0	Leave the kids alone.
0:40.0	Don't bombard them with algorithms that are irresistible to teenagers.
0:45.6	Plus, the soaring drug stock after an FDA thumbs up,
0:49.9	the hacks slowing down car dealerships,
0:52.2	and would you pay to talk to a better version of your
0:55.6	Alexa?
0:56.6	It looks like geego to me. Garbage in, garbage out.
0:59.9	It's Friday, June 21st.
1:01.9	Days are getting shorter.
1:02.8	Stop.
1:03.9	Squack pod begins right now.
1:06.6	Stand Becky by in three, two, one, Q please.
1:11.7	Good morning everybody. Welcome to Squack Box right here on
	...

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