Markets Tumble, Fearing the Fed and Women and Money 9/23/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 23 September 2022

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A rough week ends on Wall Street as markets take a dive and bond years are surging. Why? Becky Quick and Melissa Lee take a closer look at the investor worries and the wonky numbers driving the market downturn. This comes after the Federal Reserve announced it will be raising interest rates 75 basis points. CNBC’s Steve Liesman explores the market reaction to the Fed’s decision and its global impact. Plus, Boeing has agreed to pay $200 million to settle charges over the two deadly crashes from its 737 Max jetliners. CNBC’s Phil Lebeau breaks down what this means for the plane manufacturer. And Ellevest CEO Sallie Krawcheck shares data from the Women’s Financial Health Index and sheds more light on how women invest and what they’re worried about. Steve Liesman, @SteveLiesman Sallie Krawcheck, @SallieKrawcheck Phil Lebeau, @Lebeaucarnews Becky Quick, @BeckyQuick Melissa Lee, @MelissaLeeCNBC 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 Pod.
0:09.0	The outlook is unusually murky.
0:11.0	Becky Quicks joined by Melissa Lee, and it's a brutal time on Wall Street.
0:15.4	It is implying that we are going to close the year lower than the June lows.
0:20.9	Markets taking a dive and bond yield surging.
0:23.7	Yields are complicated creatures.
0:26.3	On fears the U.S. Federal Reserve is overdoing its inflation fight.
0:30.6	I was like, ah, goo! Boeing on the back foot, paying an SEC fine on tragic plane crashes, our Phil LaBoe.
0:39.0	They neither deny nor admit but agree to settle a misled investors about the safety of the 737 max.
0:46.2	And tough times call for strong investment strategies, Wall Street veteran Elovests Sally
0:51.9	Krasheck.
0:52.8	What I sometimes remind myself over my glass of wine at night
0:55.8	after a tough day in the markets is absent this market
0:58.9	we've recovered from 100% of their markets.
1:01.3	We've recovered from 100% of recessions and you don't want to
1:04.1	bet against the U.S. Those stories today and much more. It's Friday, September 23rd,
1:10.4	2022. Squawk Pod begins right now.
1:13.7	Stand Becky by in 3, 2, 1, fuel brief.
1:18.0	Good morning everybody.
1:19.0	Welcome to Squackbox here on CMBC.
1:21.0	We are live from the NASDAQ Market Site in Times Square.
	...

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