Masks and Meta Down, Electric Vehicles Ramp Up

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 9 February 2022

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Support is growing among lawmakers on Capitol Hill for legislation that would ban lawmakers from trading stocks. CNBC’s Ylan Mui reports on Pelosi’s proposal, and Senator Steve Daines (R-Mont.), who sits on the Senate Finance Committee, explains the bipartisan support to ban stock trading among Congressional lawmakers. Transportation Sec. Pete Buttigieg discusses U.S. companies investing in manufacturing and ensuring the nation’s electric vehicle infrastructure is made at home. New York is pulling back its strict indoor mask mandate, marking a turning point in how the former epicenter of Covid responds to the pandemic. Plus, Lyft falls short on riders, and Meta’s major market cap slips below a key level. In this episode: Sen. Steve Daines, @SteveDaines Sec. Pete Buttigieg, @SecretaryPete Ylan Mui, @ylanmui Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squawk Pod. I'm C NBC producer Katie Kramer.
0:08.0	Today on our podcast.
0:10.0	A new proposal to ban stock trading by members of Congress,
0:14.0	Montana Senator Steve Danes on the bipartisan effort.
0:17.0	When you're elected, you are here to serve the people, not the elite.
0:21.0	And this, I think, is a step forward, an important step forward, to restore the faith and trust the American people in this
0:26.4	institution.
0:27.4	Electric vehicles are driving the future for President Biden's climate
0:31.9	and job goals,
0:33.4	Transportation Secretary Pete Budajev.
0:35.4	We see the automotive industry heading electric
0:38.5	over the long run no matter what,
0:40.6	but we have to take steps to make sure
0:42.4	that that electric vehicle
0:43.5	revolution is made in America. Those stories plus mask mandates lift falls
0:49.4	short on riders and meta's major market cap slip below a key level.
0:54.0	That shows you how stupid some of these arbitrary levels are.
0:57.0	What it means for big tech regulation.
0:59.0	It's very hard to look at a crystal ball and know what's going to happen next and they may have done it to themselves.
1:04.4	It's Wednesday, February 9, 2022, Squawk Pod begins right now.
1:10.4	Stand Becky by in three, two, one, Q, please.
	...

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