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Squawk Pod

Music Therapy, Smile Meters, & Backing Innovation in Unexpected Places 9/29/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2543 Ratings

🗓️ 29 September 2022

⏱️ 32 minutes

🧾️ Download transcript

Summary

Legendary investor Stanley Druckenmiller warned Wall Street of a gloomy market future at CNBC’s Delivering Alpha Investors Summit. Joe breaks down his Druckenmiller interview with Becky, and they weigh the pros and cons of Federal Reserve policy. Despite a gloomy start, the rest of this episode is uplifting, literally. AOL founder Steve Case discusses his new book, “The Rise of the Rest,” and how supporting entrepreneurs in unexpected places could push America’s innovation forward. The pandemic has forced a reevaluation of city life, commutes, and wealth disparity; Case says that one key to unity and to a bright business future is backing startups between the major hubs that already exist. Plus, September is brain aneurysm awareness month. CNBC’s Sharon Epperson reports on a personal and personal finance story; how the 1 in 4 American adults living with disabilities plan for their financial futures, and the vibrant community that supports them along the way. She highlights Daniel Trush, who founded Daniel’s Music Foundation after surviving a brain aneurysm rupture. The group builds on music therapy, bringing light to a community of New York area adults living with disabilities. For more information about Daniel’s Music Foundation, visit danielsmusic.org and to find resources for survivors of brain aneurysms, go to bafound.org. In this episode: Daniel Trush, @DanielsMusicFdn Steve Case, @SteveCase Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk 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 Squack Pot.

0:08.0

Warning from a Wall Street legend Stanley Druck and Miller's dark economic forecast.

0:14.3

I will be stunned if we don't have a recession in 23.

0:19.2

Don't know the timing, but certainly by the end of 23.

0:22.3

I will not be surprised if it's not

0:25.0

larger than the so-called average garden variety. There may be hope for up-and-comers

0:31.1

Steve Case on the next wave of American innovation.

0:34.8

No wonder people feel up that and left behind.

0:37.0

We have to back new companies, startups, to create new jobs, so do the industries of the future.

0:41.8

Spoiler, looking unexpected places.

0:44.8

It's several dozen cities are on the move, on the rise,

0:48.2

and that's what's going to change the innovation landscape.

0:51.0

Plus, a personal story from C. M.E.

0:53.0

Sharon Epperson.

0:54.0

One in four adults lives with a disability.

0:57.0

I know someone reached out to me on social media and said, are you sure about that fact?

1:01.0

How Americans with disabilities are planning for their financial

1:04.5

futures. Yeah, did it. Here I am.

1:09.5

I don't feel. And how a community can offer invaluable security.

1:16.0

I wish you could see how broadly I'm smiling right now.

1:18.6

It's Thursday, September 29, 2022.

...

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