Pepe, “Kekius Maximus,” & A Chinese Hack of the U.S. Treasury 12/31/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 31 December 2024

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In what U.S. Treasury officials described as a “major incident,” a state-sponsored Chinese hacking operation was able to access third-party software to tap into Treasury employees’ desktop computers. Theresa Payton, CEO of cybersecurity company Fortalice Solutions and former White House Chief Information Officer, discusses the implications of the hack. Next, CNBC’s Emily Wilkins breaks down why the last session of Congress is the least productive in the past several decades, enacting 427 pieces of legislation compared to numbers over 1,000 during other recent sessions. Plus, New York City congestion pricing is set to start as planned after a final ruling, and Elon Musk changed his name on X to “Kekius Maximus” and profile picture to Pepe the Frog. Happy New Year! Steve Kovach - 09:35 Theresa Payton - 19:45 Emily Wilkins - 31:18 In this episode: Theresa Payton, @TrackerPayton Emily Wikins, @emrwilkins Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:03.0	Hi, I'm CNBC producer Katie Kramer.
0:07.0	Today on Squawk Pod, the U.S. Treasury hacked by China what the threat could have uncovered with cybersecurity expert Teresa Payton.
0:17.0	Not only do cybercriminals not take a holiday, they typically speed up their attacks in the days and weeks leading up to what they know to be a country's holidays.
0:28.0	Congress's least productive year in decades.
0:31.4	This is just too easy. I'm not going to say anything. It's just too easy.
0:35.0	Our Emily Wilkins on turning the page to the 119th Congress.
0:39.3	Are we going to see a little bit more Republican unity than we saw in the last few weeks
0:44.0	when they were trying to fund the government?
0:46.3	Plus, is it a frog?
0:48.3	Is it a metaphor?
0:49.3	It's a right-wing mascot.
0:51.3	CNBC technology reporter Steve Kovac on Elon Musk's fresh ex-Avatar, and how another
0:58.5	high-profile CEO navigates a relationship with the president-elect.
1:02.6	He needs China.
1:03.6	Tim Cook needs China, but he also needs to dodge these tariffs.
1:07.5	Then last-minute legal challenges to New York's looming congestion pricing surcharge.
1:12.8	This is such an elitist way of looking at it, and the richest people you talk to have no problem with this.
1:18.3	It is Tuesday, December 31st, 2024, New Year's Eve. Squawk Pod begins right now.
1:26.1	Stand Becky by in three, two, one.
1:28.9	Cuea, please.
1:31.0	Good morning, everybody, and welcome to Squackbox right here on CNBC.
	...

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