Ousted: Who’s Up for Speaker & What’s In for Big Tech 10/04/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 4 October 2023

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

For the first time in U.S. history, the House of Representatives has voted its Speaker Kevn McCarthy (R-CA) out of his leadership seat. 2024 Presidential hopeful Chris Christie, former New Jersey Governor, explains who might be up for the Speaker job and weighs in on the Republican party’s fate, as the Presidential election nears. Plus, the Federal Trade Commission has launched an antitrust case against Amazon, and the Department of Justice has Google parent Alphabet in its sights. Antitrust expert and Columbia Law School Professor Tim Wu explains the regulators’ routes to a competitive marketplace, plus what it means for big tech’s big innovations. Chris Christie, 16:11 Tim Wu, 31:25 In this episode: Chris Christie, @GovChristie Tim Wu, @superwuster Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick 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 Pod.
0:08.0	Oosted.
0:10.0	The office of Speaker of the House is hereby declared vacant.
0:14.8	Kevin McCarthy, the day he spoke to us?
0:17.5	I was doing squawk today.
0:19.0	The first speaker in US history to be booted from the job the who the what's next the why.
0:24.7	Look this stuff over here is completely cray-pray.
0:28.3	Chris Christie former New Jersey governor weighs in on what the GOP can do. Might not be bad to have a speaker from a blue W
0:35.1	Ways in on what the GOP can do.
0:32.3	Might not be bad to have a speaker from a blue state
0:35.3	with somebody who actually understands how to get things done
0:39.3	as a Republican.
0:40.3	And as a candidate for president, he wants to move on.
0:43.5	You've got to get over it.
0:44.8	Joe is just a bummer.
0:47.2	Plus, Microsoft's fight to get Bing to compete against Google, antitrust expert Tim Wu.
0:53.2	We are not taking structural relief off the table and breakups have historically been the most
0:57.4	effective remedy.
0:59.5	It's Wednesday October 4th, 2023.
1:02.3	Squawk Pod begins right now.
1:04.0	Stand back to you by in three, two, one, cue please.
	...

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