Pandemic Jobs Report; Sen. Amy Klobuchar; Eyeing $43B from Bezos

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 7 August 2020

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Two months of record-setting payroll growth slowed in July, but the Labor Department's monthly report still showed encouraging signs. Jason Furman, Former Chair of President Obama’s Council of Economic Advisors, Kate Moore, Head of Thematic Strategy at Blackrock and Steve Liesman, CNBC’s Senior Economics Reporter break down the jobs report. Senator Amy Klobuchar (D-MN) discusses the latest stimulus negotiations and the U.S. economy. Plus, Nasdaq's new highs, U.S.-China tech tensions, and supporting struggling Americans: will billionaires be on the hook to cover fellow citizens' health costs?

Transcript

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0:00.0	This is Squawk Pod. I'm C&B.C. producer Cameron Costa. Today in our podcast,
0:07.0	The July jobs numbers are in. 1.8 million jobs created, 10.2% unemployment.
0:14.3	Former chair of President Obama's Council of Economic Advisors.
0:18.0	This report was definitely a relief,
0:20.6	but I wouldn't celebrate too much.
0:23.0	Senator Amy Klobuchar on what the next round of stimulus could look like.
0:28.0	The point is that we just can't do something small right now.
0:31.0	We've got a big gigantic crisis and we need to
0:35.2	respond in a way that makes sense. And the billionaires who may be
0:39.9	officially asked to help. Jeff Bezos would be on the line for nearly $43 billion.
0:46.2	Those stories, plus a global pandemic, widespread power outages,
0:50.4	and escalating tensions between the US and China,
0:53.7	just another day in this year's news cycle.
0:57.0	We are in 2020, Becky, what could go wrong?
0:59.4	What could go wrong in 2020?
1:01.0	It's Friday, August 7th in this wild 2020.
1:05.0	Squawk Pod begins right now.
1:07.0	Good morning everybody.
1:09.0	Happy Friday and welcome to Squawk Box here on C.
1:12.0	I'm Becky Quick along with Andrew Ross
1:14.2	Sorkin and Scott Wopner. Joe is out today on vacation. Technology pushed
1:18.2	the NASDAQ to close above 11,000 for the first time ever yesterday.
	...

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