Market Pressures, the Takeover Bid, & Unemployment Lows 4/25/22

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 25 April 2022

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

In France, President Macron is celebrating victory, American diplomats will return to Ukraine, and all across the globe, markets are under pressure. In Washington, DC, the Biden administration is working to get more Democrats on board for the President’s tax plan; White House Council of Economic Advisors member Jared Bernstein defends different aspects of the wealth tax, the current voting breakdown, and the dynamic between America’s tight labor market and its inflation. Twitter shares jumped on reports the company is nearing a deal with Elon Musk that could be announced as soon as Monday. Former SEC Chairman Jay Clayton weighs in on Musk’s Twitter takeover bid and Wall Street’s concerns. In this episode: Jared Bernstein, @econjared Andrew Ross Sorkin, @andrewrsorkin 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.
0:08.0	Connecting the dots between the American Unemployment Rate and your pocketbook,
0:12.0	Jared Bernstein from the White House Council of Economic Advisory the American unemployment rate and your pocketbook.
0:12.5	Jared Bernstein from the White House Council of Economic Advisors
0:15.3	on inflation and everything else.
0:17.5	As the labor supply increases, we should see a better alignment of labor demand and labor supply and that
0:23.7	certainly comments that you hear from Fed Chair Jay Powell are also in a similar vein.
0:28.8	But first what's standing in Elon Musk's way as he eyes Twitter?
0:33.6	Former SEC Chair Jay Clayton joins us on the latest.
0:36.8	We've seen financing be addressed.
0:39.2	We've seen due diligence taken off the table.
0:41.8	One other constituency that we talked about
0:43.9	that people will be keeping an eye on is regulators.
0:47.0	Those stories plus the market's rough ride.
0:49.4	U.S. diplomats back in Ukraine and President Macron's moment.
0:53.0	It's Monday, April 25, 2022.
0:58.0	It's Monday, April 25, 2022.
1:00.0	Squawk Pod begins right now.
1:03.0	Stand Becky by in three, two, one, fuel brief.
1:08.0	Good morning, everybody.
1:09.2	Welcome to Squawk Box here on the NBC.
	...

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