Oil & Gas Powers, ‘Digital Gold,’ & Opening the Door for Diplomacy

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 25 February 2022

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

As Russia bombards Ukraine and advances on Kyiv, and Western powers consider deterrence strategies, market swings match changes in the power dynamic. After a call between China’s President Xi and Russia’s President Putin, Russian news outlets reported that Russia would be willing to start talks with Ukraine at a meeting in Minsk. Niall Ferguson, renowned historian, Hoover Institution senior fellow and founder of Greenmantle, discusses Europe’s reliance on Russia’s oil and gas. As investors seek safe haven amid international conflict, crypto bull Anthony Pompliano considers whether bitcoin counts as “digital gold,” or a safe hedge in times of uncertainty. Plus, the Musk brothers are still in hot water with the SEC. In this episode: Anthony Pompliano, @APompliano Niall Ferguson, @nfergus Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

Click on a timestamp to play from that location

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	Today in our podcast,
0:10.0	Air raids in Ukraine, sanctions on Russia, political pressures from China,
0:14.8	and all the market swings to prove it.
0:17.0	That stunning turnaround on Wall Street.
0:19.0	And the West's effort to take action,
0:22.0	Hoover Institution's senior fellow Neil Ferguson.
0:25.0	Europe has got to the point that it can't easily impose the kind of sanctions that would
0:29.8	really hurt Russia without of course hurting itself.
0:34.0	What international conflict means for the oil and gas markets and whether Bitcoin really
0:39.5	is a comparable hedge to gold with crypto bowl Anthony Pompiano.
0:44.0	The prevailing narrative of Bitcoin being that digital gold, being a censorship resistant technology.
0:49.3	I think this is going to become a bigger and bigger narrative and Bitcoin is going to continue to serve as one of the solutions.
0:54.4	It's Friday, February 25, 2022, and Squacapod begins right now.
1:00.4	Stand Becky by in three, two, one, Q3.
1:05.6	Good morning.
1:06.2	Welcome to Squawk Box right here on C.
1:08.0	I'm Becky Quick, along with Joe Kernan and Andrew Ross Sorkin.
1:11.2	We've been watching the US Equity Futures.
1:14.0	Heading into the weekend, we're coming off of a stunning comeback on Wall Street.
1:19.0	The Dow, the S&P, and the NASDAQ were were down really down for the majority of the day on
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.