No Landing is Not Ok; Zombie Office Buildings and Climate Change on Trial on Montana 8/15/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 15 August 2023

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

While the Fed hopes for a soft landing for the economy, “no landing” may not be acceptable and could require additional rate hikes. CNBC’s Steve Liesman reports on the latest economic data and what it signals for Federal Reserve policy. Former Kansas City Fed President Esther George weighs in on what the Fed is watching in the economy. Commercial real estate CEO Scott Rechler of RXR says that some office buildings have what it takes to lure remote workers in and some just won’t make the cut. Plus, Home Depot’s sales slide, Tesla’s launches cheaper versions of Model X and Model S and young climate activists in Montana get a big win in court. Esther George: 19:37 Scott Rechler: 30:59 In this episode: Courtney Reagan, @courtreagan Scott Rechler, @scottrechler Steve Liesman, @steveliesman Michael Santoli, @michaelsantoli Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin 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.
0:08.0	We've been hoping for an economic soft landing.
0:12.0	Inflation declines, the unemployment rate rises. hoping for an economic soft landing.
0:12.6	Inflation declines, the unemployment rate rises a bit and growth slows at
0:16.4	least for a time, something below potential but doesn't dip into a recession.
0:20.9	What about a no landing?
0:22.3	Esther George, who ran the Kansas City Federal Reserve Bank, tells us what the Fed is watching now.
0:27.5	I think they will be careful not to make commitments about their rates until they see inflation being more convincing.
0:37.0	And commercial real estate CEO, RxR's Scott Reckler, on the challenge of back to office. Dark buildings, bad infrastructure, bad light, bad air.
0:46.0	People don't want to be in those buildings.
0:48.0	Plus Home Depot's sales decline.
0:51.0	EVs charging your house, a landmark court ruling on climate change.
0:55.5	I don't think this is a crazy decision.
0:57.5	It's a totally crazy decision.
0:59.8	All that today with Joe, Andrew, and Mike Santoli.
1:03.0	What about Mo, Curly and Larry?
1:05.0	Three Amigos?
1:06.0	Three Amigos.
1:07.0	It is Tuesday, August 15th, 2023.
1:11.0	Fred Flintstone, Barney Barney and Bam Bam
1:13.8	Squack pod begins right now
	...

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