Netflix & Bill (Ackman); Druckenmiller & the Great Fed-spectations; Spotify & Neil Young’s ‘Separate Ways’

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 27 January 2022

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Legendary investor Stanley Druckenmiller says he’ll be listening to the bond market as the Federal Reserve backs away from its economic easing policies. CNBC’s Steve Liesman breaks down Fed Chair Jay Powell’s tricky road ahead. Hedge funder Bill Ackman bought up enough Netflix stock to make him one of the streamer’s top 20 shareholders. Musician Neil Young set an ultimatum for Spotify, asking the team to remove either Joe Rogan’s ‘The Rogan Experience,’ which Young claims is spreading Covid-19 misinformation, or his own music. Spotify picked its lucrative podcaster Joe Rogan over the works of legendary rocker. Axios reporter Sara Fischer breaks down why Spotify’s optimism about podcast advertising dollars might have justified the decision. In this episode: Sara Fischer, @sarafischer Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Steve Liesman, @steveliesman Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:05.0	This is Squawk Pod.
0:06.0	I'm C. NBC producer Katie Kramer,
0:08.0	today on our podcast.
0:10.0	The Fed ready to raise rates as soon as March.
0:13.2	Inside the tricky task ahead for Chair Powell,
0:15.8	C. NBC's Steve Leisman.
0:17.4	The Fed has to normalize policy in any event,
0:20.0	now it's also got an inflation problem on top of that.
0:22.4	Some collateral damage in the stock market is not. Now it's also got an inflation problem on top of that.
0:22.5	Some collateral damage in the stock market is not a primary concern.
0:27.2	And a key trend to watch from investor Stan Druckin Miller comments he gave only to Squack Box.
0:33.0	I got excited Becky because you know what this means.
0:35.8	The Bond Vigilantes?
0:37.2	Is that what you were going to say?
0:38.5	Yes, yes, yes.
0:40.5	Netflix and Bill,
0:41.6	Hedgefunder Bill Ackman is the streamer's new top 20 shareholder.
0:45.0	He had a chance to buy Netflix just like the rest of us.
0:47.0	All along five years ago.
0:50.0	And there comes a time for Spotify and Neil Young to go separate ways.
0:54.1	The platform has picked podcasts over music,
	...

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