Messy Market Signals, & Morals Over Money: The New Hiring Handbook 7/6/22

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 6 July 2022

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

A bevy of market signals have alarmed investors: oil prices slipping, a surprise Nasdaq rally, a yield curve inversion. As inflation remains elevated and recession fears loom over the markets, the Federal Reserve and the Biden administration balance their respective toolsets to mitigate pressure on the American economy. Austan Goolsbee, former CEA chairman and Booth School of Business professor, and fellow economist Michael Strain, director of economic policy at AEI, discuss whether their strategies are enough to avoid a deep recession. In other headlines, the FDA has temporarily paused the ban on Juul e-cigarettes, and senators are urging the Federal Trade Commission to investigate TikTok. Plus, many employees are willing to take a pay cut to work at companies that align with their own values; CNBC’s Sharon Epperson reports on how the pandemic has shifted purpose, well-being, and values to the forefront of employee-employer relationships. In this episode: Austan Goolsbee, @Austan_Goolsbee Michael Strain, @MichaelRStrain Joe Kernen, @JoeSquawk Melissa Lee @MelissaLeeCNBC Sharon Epperson, @Sharon_Epperson 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 Squackpot.
0:08.0	The price of oil falling, it might not be enough to keep a recession at bay.
0:13.0	Why is oil below 100, why are yields falling,
0:16.0	isn't that good?
0:17.0	Depends on why they're falling.
0:20.0	What the federal government can do
0:22.0	with Austin Goolsby who served in the Obama White House.
0:24.6	Washington could try to pass the stimulus, but if the Fed is going to keep raising the interest rate,
0:29.8	we would rediscover how more than two-thirds of the recessions in the U.S. have come. We would you quit if your employer didn't share your values.
0:42.5	C. NBC's Sharon Epperson on the tables turning.
0:45.4	Before the pandemic, it was about work life balance.
0:48.4	Now it's about how work fits into your life.
0:51.6	And one young worker prioritizing values in the job hunt.
0:55.1	Like everyone, I want to make sure I have the salary,
0:57.0	those benefits, and can go into a place knowing that will be protected.
1:00.8	Plus Jules Ban gets a pause, Tik-Toc's data practices investigated.
1:05.7	What's China going to find out about these kids? They may find say we don't have to do
1:11.6	anything that country is screwed.
1:13.4	It's Wednesday July 6th 2022 squawk pod begins right now. The R word
1:25.0	word recession fears have taken hold pretty much everywhere.
1:29.6	So far this week the markets have been surprise, volatile.
	...

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