Markets Brace for More Bumps, & To the Moon! Almost. 8/29/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 29 August 2022

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

After Fed Chair Jay Powell spooked the markets with his comments in Jackson Hole, Joe Kernen, Mike Santoli, and Hightower’s Stephanie Link consider the next moves for the markets as the central bank fights inflation. Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, Cambridge, shares his perspective on Powell’s aggressive policies to curb inflation. Plus, NASA’s Artemis I is eyeing the moon! The launch–when/if it happens–will be a crucial step in humankind’s first return to the moon in over 50 years. Chief astronomer at the Franklin Institute Derrick Pitts explains what scrubbed the Artemis I launch, as well as the likelihood of extraterrestrial life and humans on Mars. In this episode: Mohamed El-Erian @elerianm Stephanie Link, @Stephanie_Link Derrick Pitts, @CoolAstronomer Mike Santoli @michaelsantoli Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. M. D.C. producer Cameron Costa.
0:07.0	Today on Squawk Pod, brace yourself.
0:10.0	The markets are spooked and Fed Chair Jay Powell says you better get used to it.
0:14.7	Our own Mike Santoli.
0:16.2	He may have been presenting a case that a recession is what's needed as opposed to what might
0:21.1	be an unfortunate side effect.
0:23.6	The nasty fight against inflation and the pain still to come for investors and consumers
0:29.6	with economist Mohamed Alarian.
0:31.6	He finally sent the correct message.
0:33.6	He should have done that months ago.
0:35.1	Plus, we're heading out of this world.
0:40.7	Well, soon.
0:41.8	NASA's Artemis launch that didn't,
0:44.4	and the Moon and Mars exploration
0:46.8	just around the corner, astronomer Derek Pitts.
0:50.2	If you want to send humans to Mars
0:52.3	at some point in the future, then we need to do some serious in-situ training,
0:56.2	and that in-situ training is going to happen on the moon.
0:58.8	It's August 29, 2022, and Squawk Pod begins right now.
1:03.6	Stand by 3, 2, 1, is Mike here.
1:07.7	Good morning and welcome to Squawk Box here on
	...

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