Oil’s Boomerang, Turkey Day Travelers and Icahn’s Stock Short 11/22/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 22 November 2022

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Oil prices boomerang, after closing below $80/barrel for the first time since September. White House Special Presidential Coordinator For International Energy Affairs Amos Hochstein weighs in on the tapping of the strategic petroleum reserve, the rumors of OPEC+ changing output plans and global energy prices. Thanksgiving travelers should gear up for possible delays due to airline staffing, warns Dennis Tajer of the Allied Pilots Association, representing 15,000 pilots at American Airlines. Plus, Disney’s new Bob Iger era takes shape, FTX’s bankruptcy proceedings begin and legendary investor Carl Icahn gets in on meme stock mania – with a GameStop short. In this episode: Amos Hochstein @AmosHochstein Dennis Tajer @DennisTajer Melissa Lee @MelissaLeeCNBC Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pod.
0:08.0	Oil prices dropping, the White House energy whisperer almost
0:13.6	Hochstein on production and the impact of tapping our emergency
0:17.1	petroleum supply.
0:18.3	We need to have an SPR that is full than it is today for national security and economic emergencies in the future.
0:25.6	We still have 400 million barrels, that's a lot of barrels.
0:29.1	And look out holiday travelers, the head of a 15,000 strong airline pilot's union has a warning.
0:35.0	You make it sound like we are just one little weather event away from just having a nightmare
0:39.4	for Thanksgiving.
0:40.4	Yeah, that is the truth. Plus the rest of today's stories that got us squocking, Bob v Bob Day 2 at Disney,
0:48.0	crypto exchange FTX's official bankruptcy filing.
0:51.0	You have a great phrase, Joe. Money goes to money heaven.
0:53.7	And a legendary short trader goes after the memes.
0:57.2	Is there a squeeze of common? The mother of all, what is it? Mo-A-S, mother of all short squeezes.
1:05.0	It's Tuesday, November 22nd, Squack Pot begins right now.
1:10.0	Stand under by in three, two, two, one,
1:13.0	Q Andrew.
1:15.1	Good morning and welcome to Squack Box right here on C and V.
1:18.1	I'm Andrew Osorkin, along with Joe Kernan this morning,
1:20.6	and Melissa Lee, Becky is out. Good morning, Melissa, it's nice to see you. We've got a...
1:26.5	What did you just say? I said Melissa Lee is here, I don't know.
	...

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.