NBA’s Chris Paul Scores Off Court, & Chinese Espionage Targets U.S. Companies 6/21/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 21 June 2023

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Federal Reserve Chairman Jerome Powell says he expects more Fed rate hikes ahead as the fight against inflation still “has a long way to go.” Bob Diamond, Atlas Merchant Capital CEO and former Barclays CEO, discusses the outlook for Federal Reserve rate hikes, where the markets got ahead of themselves, and the durable strength of consumers. Chris Paul, NBA athlete, entrepreneur and Olympian, shares how he grew his impact (and portfolio) beyond basketball. He recounts his investing journey and the writing of his emotional new memoir. Plus, CNBC’s Eamon Javers explains his investigation into Chinese espionage targeting U.S. trade secrets. In a new CNBC documentary airing Wednesday at 10PM ET, Javers dives into the risks for American companies with FBI Director Christopher Wray and Senators Marco Rubio and Mark Warner. Go to CNBC Documentaries for details on where to watch. In this episode: Chris Paul, @CP3 Eamon Javers, @EamonJavers Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick 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 Pot.
0:09.0	Pro basketball player and new wizard, Chris Paul, on how he got into investing.
0:14.5	Man, started asking a lot of questions.
0:17.0	You know, you realize you don't know what you don't know.
0:19.5	The NBA All-Stars new emotional memoir memoir and how he encourages his friends and
0:24.6	teammates to do more off the court. Our players now are so engaged in all
0:29.2	different types of businesses no matter what it is whether it's tech you got different players that
0:34.2	own wine brands fashion guys are so much more than just these athletes and
0:40.4	waiting on Fed chair Jay Powell, the rate hiking journey with former CEO of Barclay's Bob Diamond.
0:47.0	I do not believe that the Fed sees any magic in 2%. I think it's about stability. So I think they're pretty pleased.
0:54.0	Plus, what makes a dictator, U.S. China relations after the Secretary of State's trip to Beijing,
1:00.0	and a spy story, see NBC's Aiman Javers, with a special report on Chinese espionage.
1:06.0	My sources in the U.S. intelligence community kept coming to me and saying,
1:10.0	we think corporate America doesn't get it.
1:12.0	It's Wednesday, June 21st. We think corporate America doesn't get it.
1:13.0	It's Wednesday, June 21st, 2023, the first day of summer.
1:17.8	That means winter is right around the quarter.
1:20.3	Squack-Pod begins right now.
1:23.0	Stand Becky by in three, two, one, queue please.
1:28.1	Good morning everybody.
1:29.5	Welcome to Squackbox right here on CMBC.
	...

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