Minneapolis Fed Pres. Kashkari & Qualcomm’s Pitch to Intel 09/23/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 23 September 2024

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the wake of the Federal Reserve’s 50 basis point rate cut last week, Minneapolis Fed President Neel Kashkari discusses whether this is “mission accomplished” on inflation and what kind of rate cuts are still coming. He also shares why one FOMC voter cast an historic dissention vote. Next, Andy Dunn, known for co-founding Bonobos, says making friends should be “as easy as calling an Uber.” He has launched a new app called Pie to help people meet new friends in real life through frequent hangouts. Plus, Speaker Johnson has offered a proposal to avoid a government shutdown, FTC Commissioner Lina Khan was on 60 Minutes, and Qualcomm is thinking of buying Intel, which would be the largest tech merger ever. Steve Kovach - 08:51 Neel Kashkari - 17:14 Andy Dunn - 29:18 In this episode: Neel Kashkari, @neelkashkari Andy Dunn, @dunn Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squawk Pod and I'm C.N.C. producer Cameron Costa.
0:08.0	On today's episode,
0:10.0	We're going inside the Federal Reserve vote to cut rates by 50 basis points,
0:16.2	including an historic no vote.
0:18.8	Minneapolis Fed President Neil Cashkari joins us.
0:22.1	I look forward and I think which risk am I more worried about right now?
0:26.0	A surprising uptick in inflation or a surprising uptick in unemployment is to latter.
0:30.4	At least it is for me.
0:31.7	Who dissented and why?
0:34.6	And have you ever looked around and thought, where are all my friends?
0:39.4	New to a city, new job, looking for more friends, friends leaving town, friends having babies, maybe
0:44.7	they're having babies.
0:46.2	Andy Dunn, founder of Bonobos, is launching a new platform to meet new friends in real life.
0:52.2	He speaks from experience.
0:54.2	I didn't have what the Greek called filia,
0:56.1	which is platonic love, or agape, which is love of the tribe.
1:00.4	Those conversations, plus a federal shutdown averted again
1:04.9	FTC's Lena Khan on 60 minutes and speaking of antitrust Qualcomm is thinking about
1:12.1	buying Intel which would be the largest tech merger ever.
1:16.0	Our own Steve Kovac explains the appeal.
1:19.0	This summer, Qualcomm put out their first PC chips that are actually good.
	...

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