Once More, With Energy: Gas Prices, G7 and Ken Langone 6/27/22

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 27 June 2022

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

We’re kicking off the week with a super-sized Squawk Pod! Three big interviews that all start with the key question Wall Street is asking: how bad is the impact of 2022’s high energy prices? Becky Quick and Brian Sullivan weigh the influence higher gas prices have on the stock market, and G7 leaders convene in Germany to discuss additional Ukraine support and new sanctions that include a proposal to cap the price of Russian oil exports. Goldman Sachs’ Jeff Currie says a brief pullback in global energy prices signals a buying opportunity for investors. Noted tech investor John Doerr has a legendary track record – he was an early back of both Google and Amazon – and today, he calls the shift away from fossil fuels a revolution that rivals the creation of the Internet. Andrew Ross Sorkin catches up with Doerr at the Aspen Ideas Festival in Colorado. NBCUniversal News Group is the media partner of the Aspen Ideas Festival. Plus, Home Depot co-founder and billionaire Ken Langone joins Squawk Box for a special interview that covers inflation, divisiveness and the complicated balancing act of policy and politics. In this episode: Jeff Currie, @goldmansachs John Doerr, @johndoerr Becky Quick, @BeckyQuick Andrew Ross Sorkin, @Andrewrsorkin Brian Sullivan, @SullyCNBC Zach Vallese, @ZachVallese

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Zach Valisee.
0:07.0	Today's super-sized Squawk Pod,
0:09.0	three big interviews on the top story fueling Wall Street and beyond.
0:14.1	The pain at the pump for consumers.
0:16.1	The national average fell about four cents.
0:18.2	Don't spend it all in one place, Becky.
0:20.3	Which could be an energy buying opportunity, says Golden Sachs head of commodities Jeff Curry.
0:26.0	Investment continues to run from this space at a time it should be coming to this space.
0:32.0	Plus, legendary tech investor John Doer,
0:34.8	we have too many unicorns.
0:36.2	On the move away from fossil fuels.
0:38.8	It's the largest economic development of our lifetimes.
0:41.3	It ranks up with the internet in terms of its impact. It's a
0:44.3	revolution. And a special interview with Ken Langone, the billionaire co-founder of
0:49.9	Home Depot on energy and consumer inflation and what feels like
0:54.4	2022's perfect storm. If we don't address the enemy within, the enemy within is
0:59.8	our divisiveness. We don't address that. Our future won't be as bright as it would be if we did.
1:04.8	It's Monday, June 27th, Squacapod begins right now.
1:09.4	Stand Becky by in three, two, one, fuel brief.
1:14.4	Good morning everybody.
1:15.4	Welcome to Squawk Box here on CNBC.
	...

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