Maryland Gov. Wes Moore: A Cataclysmic Impact on the U.S. Economy 04/05/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 5 April 2024

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

After the Francis Scott Key Bridge collapse, Baltimore is hoping to clear debris in the port and rebuild. Ahead of President Biden’s visit to the city, Maryland Governor discusses Baltimore’s importance to the entire U.S. economy, and delivers a message to lawmakers in Washington reluctant to approve federal funds for the rebuild. Venture capitalist Alan Patricof has seen many tech revolutions, and he’s optimistic about AI’s. At 89, he’s not slowing down; he discusses his investments in the AI-enabled longevity economy, and his perspective on America’s retirement ecosystem. Plus, the U.S. economy added 303,000 jobs in March, well above expectations. CNBC’s Rick Santelli and Steve Liesman break down the unemployment rate and what the numbers mean for the Federal Reserve’s fight against inflation. Rick Santelli & Steve Liesman - 04:49 Emily Wilkins - 17:02 Gov. Wes Moore - 18:25 Alan Patricof - 26:24 In this episode: Gov. Wes Moore, @iamwesmoore Emily Wilkins, @emrwilkins Becky Quick, @BeckyQuick 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 Squack Pod.
0:09.0	Rebuilding Baltimore's Port after the Francis Scott key bridge collapse.
0:14.0	Maryland's Governor West Moore has one message to lawmakers voting on aid.
0:19.0	Maryland doesn't need favors.
0:21.0	What Maryland needs right now is for us to have a coordinated and a bipartisan
0:25.0	response to something that is going to have a cataclysmic impact on the American
0:29.3	economy. And veteran venture capitalist Alan Patrickoff is getting in on the next tech revolution AI.
0:37.0	I think this is the most significant inflection point.
0:40.0	At 89, he loves to work.
0:42.0	I'm going to live to 114 day number. At 89 he loves to work.
0:42.6	I'm going to live to 114 a member.
0:44.8	And he's investing in the longevity economy
0:47.7	for everyone else.
0:48.9	I think it's 55 million people
0:51.0	over the age of 65 is still working and there are going to be 80 million people in the
0:56.2	next 20 years that are going to be over at 65 so the workforce has to be different
1:00.6	plus strong jobs growth in March and fending off activist bugs in
1:06.6	the boardroom in any industry. There's such a thing as corporate gadflies taking
1:11.0	things a bit too far. By the way there's some people who would think that Nelson Peltz is a gadfly is taking things a bit too far. By the way, there's some people who would think that Nelson Peltz is a gadfly.
1:15.6	It's Friday, April 5, 2024.
1:18.5	Squackpot begins right now.
	...

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