Labor Market Shifts: Flight Attendants & AI in Engineering 02/15/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 15 February 2024

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Thousands of flight attendants are picketing at dozens of airports around the country. President of the Association of Flight Attendants Sara Nelson explains the wage increases her colleagues are requesting. Cisco and Morgan Stanley are the latest firms to announce layoffs, joining the ranks of UPS, Paramount Global, Amazon, Macy’s, Alphabet, Levi Strauss, and others. Recruiter.com chairman Evan Sohn discusses a workforce “reshuffling” across industries, including the impact of AI on hiring trends. Japan and the U.K. are facing recessions, New York City is taking on social media, and Berkshire Hathaway has asked the SEC to keep its disclosure of one of its investments private. CNBC’s Leslie Picker discusses hedge fund moves in Q4, as shown in 13F filings. Plus, 15 years after authorities discovered Texas billionaire R. Allen Stanford’s $7B Ponzi scheme, CNBC’s Scott Cohn follows the ongoing issues for Stanford’s 18,000 victims. Leslie Picker - 05:28 Scott Cohn - 08:17 Sara Nelson - 13:49 Evan Sohn - 23:07 In this episode: Sara Nelson, @FlyingwithSara Leslie Picker, @LesliePicker Scott Cohn, @ScottCohnTV 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.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pop.
0:09.0	Thousands of flight attendants are picketing for higher wages.
0:12.8	Union head Sarah Nelson says they're just asking for basics.
0:16.2	We have a lot of people who are qualifying for food stamps out there.
0:19.7	We're talking about raising the standards here just so that people can actually make enough to come to work and do the job.
0:25.0	And another big workplace story, automation and layoffs. Recruiter.com Chairman Evan Zone.
0:32.0	The company that's very heavy in customer... Offs, Recruiter.com Chairman Evan Soan.
0:32.6	The company that's very heavy in customer service roles,
0:36.2	you could certainly see that being replaced by a chatbot
0:38.8	or a live AI person. Plus, a tough economic picture for Japan and the UK,
0:46.0	whale watching the biggest investors.
0:48.0	And the other big Ponzi scheme of the 2000 auts,
0:52.0	Sir Alan Stanford's scam turns 15.
0:55.6	Reporter Scott Cohn on the long story.
0:58.0	Stanford's victims have gotten thus far about 25 cents on the dollar.
1:02.2	It's been 15 years and these victims are still hurting.
1:05.0	It's Thursday, February 15, 2024. Squawk Pod begins right now.
1:11.0	Stand Becky by in three, two, one, queue please.
1:17.0	Good morning everybody.
1:18.0	Welcome to Squackbox right here on CMBC.
1:20.5	We're live from the Neszak Market site in Times Square.
	...

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