Life Bets with Nate Silver & Social Security’s Security 08/14/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 14 August 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

FiveThirtyEight founder and political prognosticator Nate Silver is out with a new book, “On the Edge: The Art of Risking Everything.” Silver discusses the margin for error in 2024 Presidential election polling, as well as the art of risk and betting on everything, from sports to elections. On the 89th anniversary of Social Security, CNBC’s Sharon Epperson reports that 69% of the Americans polled by CNBC ranked social security a top issue in deciding their votes in the election, and over 70% of adults polled were concerned about the program running out. Social Security Administration Commissioner Martin O’Malley explains the program’s longevity and proposed reform. Plus, the Department of Justice is considering pursuing a breakup of Google parent Alphabet, and activist investor Elliott Management is gearing up for a proxy fight at Southwest Airlines. Sharon Epperson - 11:46 Martin O’Malley - 15:39 Nate Silver - 25:30 In this episode: Nate Silver, @NateSilver538 Sharon Epperson, @Sharon_Epperson Melissa Lee, @melissaleecnbc 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 Squackpot.
0:09.0	Political forecaster Nate Silver, the 538 founder has written a new book on bedding and
0:15.2	political prognostication. He says, be wary of polls this election.
0:20.0	The real margin of error is pretty wide. If it's Harris plus 2 in Pennsylvania on election day,
0:25.0	that's still a highly uncertain outcome, for example.
0:28.2	And Social Security turns 89,
0:31.2	the administration's commissioner Martin O'Malley on keeping it going for years to come.
0:35.6	Congress has reduced Social Security staffing to a 50-year low even as the number of
0:41.6	customers we serve climbs every day to a new record high.
0:45.0	Plus the Department of Justice considering a breakup of Google Parent Alphabet
0:51.0	and activist investor Elliot management gearing up for another proxy fight in the skies.
0:57.0	Seemed to be a great idea.
0:58.0	Do you like mom mentality? Sure, fly southwest.
1:01.0	It's Wednesday, August 14th, Squack Pod begins right now.
1:06.2	Stand under by in three, two, one, Q. Andrew.
1:10.3	Good morning. Welcome to Squack Box right here on C. Andrew. are off today but hanging out and thank you again.
1:23.4	Great to be here.
1:24.1	We are watching shares of Google this morning or we should say alphabet.
1:27.2	They slipped in after hours trading, showing some pressure this morning after
1:30.3	Bloomberg reports said the U.S. Department of Justice is
1:32.9	considering pushing to break up the company.
	...

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