Palantir’s Alex Karp and a Disney Princess Takes Aim at the Castle 9/22/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 22 September 2022

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

“Software plus heroism can really slay the giant,” Palantir CEO Alex Karp tells Andrew Ross Sorkin and Becky Quick in his analysis of how big data and technology have changed modern warfare. Karp is carefully watching Russia’s first military mobilization since World War II and the ongoing crisis in Ukraine; he thinks that countries around the world are taking notice of the new global order. The Federal Reserve has raised its benchmark interest rate 75 basis points and the world’s central banks are moving similarly, working aggressively to combat inflation. Former Federal Reserve Vice Chair Roger Ferguson discusses the road ahead for Fed Chair Jay Powell and offers perspective on the market reaction. The CEOs of the nation’s largest consumer banks faced Congressional questioning this week; some financial leaders say they don’t plan to use the new merchant code classification for firearms purchases. And Disney heiress Abigail Disney is taking on inequality inside the company her grandfather founded – she discusses how her viral comments on Squawk Box led to her advocacy. In this episode: Alex Karp @PalantirTech Abigail Disney @abigaildisney Becky Quick @BeckyQuick 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 Squackpot.
0:08.0	Central Bank FOMO following the Fed's 75 basis point hike.
0:13.7	Just about everyone is on the move today,
0:16.0	England, Switzerland, Indonesia.
0:18.0	Do these Central Banks have control of any of this anymore?
0:20.4	Former Fed Vice Chair Roger Ferguson on the global fight against inflation led by Chairman J Powell.
0:26.5	I think he's hoping that but he might believe that by definition hope is not a strategy.
0:31.5	And Alex Karp, he's CEO of data analytics company Palantier on Modern Warfare.
0:37.0	Software plus heroism can really slay the giant.
0:41.0	The high stakes at play in the war in Ukraine. It's a zero-sum game in Russia and there is no ability for Putin to lose. He can't just fail at war and then retire.
0:52.0	Plus the Disney heiress pulling back the curtain
0:55.0	on inequality at the House of Mouse.
0:57.2	Abigail Disney joins us.
0:58.8	I know and I get it about cost, but labor isn't a cost these are human beings that work as your partners
1:06.0	in creating those profits it is Thursday September 22nd squawk Pod begins right now.
1:13.0	Stand Becky by in three, two, one, fuel brief.
1:17.0	Good morning.
1:18.0	Welcome to Squackbox here on C.
1:20.0	We are live from the NASDAQ market site in Times Square.
1:23.0	I'm Becky Quick along with Andrew Ross Orkin.
1:25.0	Joe is on assignment.
	...

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