Layoff Season, A Bonus Squeeze, & The Beyond Meat Bite 9/20/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 20 September 2022

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Investors are bracing for the Federal Reserve Open Market Committee meeting this week, ready for another policy announcement to curb inflation. Workers are returning to the office, but surveys show that in-person attendance is down, compared to pre-pandemic levels. New Jersey Governor Phil Murphy discusses the impact of New York’s return-to-office push on the Garden State commuters and taxpayers. New York Times reporter Kate Kelly details the in-person trends on Wall Street, the waves of layoffs still to come, and what’s likely to be a meager bonus season. Plus, Beyond Meat’s COO has been arrested for allegedly biting a fellow sports fan’s nose, and Amazon has scored an NFL touchdown–virtually. In this episode: Kate Kelly @katekelly Governor Phil Murphy, @GovMurphy Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk 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 Pot.
0:09.0	Higher prices still here and squeezing the supply chain.
0:12.6	You know what it's called?
0:13.6	The Bull Whip effect.
0:14.8	Right.
0:15.8	You know why I know that?
0:16.8	Studying up for my big supply chain conference.
0:19.2	New Jersey Governor Phil Murphy on the volatile economy.
0:22.3	On the one hand, you've got real hurt at the kitchen table in terms of affordability.
0:27.0	On the other hand, we've had 21 straight months of job growth.
0:31.0	We're at or near our all-time low unemployment rate.
0:35.1	And September rolls on.
0:37.1	Offices are open. Are the workers showing up?
0:39.8	Is this the new normal though?
0:41.0	Life is relative.
0:42.0	Half of the people are here on the busiest days.? Life is relative.
0:44.3	The New York Times Kate Kelly on Wall Street's tough choices in 2022.
0:49.1	They're reinstating the dreaded performance review and they're going to be getting rid of the bottom
0:54.2	performers. Plus Amazon's NFL touchdown and a Beyond Meat exec did what? This is one of
1:01.5	those things that you know only the New York Post can do this story well.
1:05.0	It's Tuesday, September 20th, 2022.
	...

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