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Squawk Pod

Meetings and Metaverses 6/23/22

Squawk Pod

CNBC

News, Business News, Business, Investing

4.2543 Ratings

🗓️ 23 June 2022

⏱️ 39 minutes

🧾️ Download transcript

Summary

Big Oil executives head to Washington today for a meeting with the Biden Administration to go over a diminishing list of options to contend with the rising price of gas. President Biden announced plans to enact a “gas tax holiday” in the U.S. this summer, and has not received broad initial support. Amos Hochstein, State Department Special Envoy and Coordinator for International Energy Affairs, discusses the $0.18 reduction per gallon the holiday would save and the outlook for getting the policy through Congress. Mark Zuckerberg says a billion people will soon be spending their time – and money – in the metaverse, but Joe Kernen, Becky Quick and Andrew Ross Sorkin have differing ideas about what to actually do there. Plus, the FDA will ban the sale of Juul e-cigarettes. Squawk Box regular and former head of the regulator, Scott Gottlieb, weighs in on the vaping industry as well as the latest concerns about Covid-19 variants. And, more smaller cities will soon be harder to reach by airplane. To hear more from Mark Zuckerberg about Meta’s future, check out CNBC’s Mad Money podcast: https://www.cnbc.com/2018/03/01/mad-money-with-jim-cramer-podcast.html In this episode: Amos Hochstein, @AmosHochstein Scott Gottlieb, @ScottGottliebMD Joe Kernen, @JoeSquawk 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 Squawk Pod.

0:08.0

Oil CEOs go to Washington.

0:11.0

What do you think they could actually say in this moment?

0:15.0

On either side. The White House running low on options to ease pain at the pump and with

0:19.4

little support for a gas tax holiday they're talking right to the producers.

0:23.4

Energy envoy Amos Hochstein.

0:25.3

The oil production of the Biden administration is actually at a higher rate than it's been

0:29.3

under our predecessor and previous president.

0:32.3

To your health, Dr. Scott Gottlieb,

0:34.4

former FDA chief on the push to regulate nicotine,

0:37.7

and is another COVID surge out of the cards.

0:40.8

I think the bottom line is we have a lot of immunity in our population and this is

0:44.8

becoming less impactful with each round of these new variants.

0:47.7

Plus it's so meta, Zuckerberg and the billions who may soon be living in a meta world.

0:53.0

Have you done it yet?

0:54.0

Ask me if I've bought something online.

0:56.0

Let's start with that.

0:57.0

You know, it actually is amazing.

0:59.0

It's Thursday, June 23rd, 2022.

1:01.0

Squackpot begins right now.

1:04.0

Stand Becky by in three, two, one, fuel,

...

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