Perplexity CEO Aravind Srinivas & Cleveland Fed President Beth Hammack 4/24/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 24 April 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Cleveland Fed President Beth Hammack was once a market participant at Goldman Sachs; she’s a policymaker now, but she says she’s still watching the markets during periods of volatility. Google is still under antitrust scrutiny, but regulation may affect AI innovation. Aravind Srinivas, CEO of AI engine Perplexity, discusses Google’s contributions to its competitors and the future of AI. Plus, Fed Chair Jay Powell, China, the Kentucky Derby, and even millionaires are caught in President Trump’s crosshairs. Aravind Srinivas - 33:13 Steve Liesman & Beth Hammack - 15:44 In this episode: Aravind Srinivas, @AravSrinivas Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:04.3	Hi, I'm CNBC producer Katie Kramer.
0:07.1	Today on Squawk Pod.
0:09.8	A calm comes over market volatility
0:11.5	as the Trump White House says
0:12.9	its tariff talk to China
0:14.5	will be less confrontational.
0:16.7	It's like three steps forward, two steps back,
0:18.9	every single time.
0:20.0	But Beijing says, you talking to me?
0:22.2	If you're going to tell the public that you're talking to the Chinese, you should be talking to the Chinese.
0:27.1	And Cleveland Fed President Beth Hammack in her first interview in the role
0:30.5	says central bankers are watching everything.
0:33.6	As a policymaker, it's really more about how do the markets impact the real economy
0:37.3	rather than the markets themselves.
0:39.3	Then Google's antitrust battles could impact innovation in artificial intelligence.
0:45.3	CEO of Perplexity, Aravind Srinivas, on his own AI search engines' exposure.
0:50.3	Microsoft's edge browser is a chromium wrapper, and it's a number two browser by market share.
0:55.0	So Google has contributed to other browsers too.
0:58.3	In a sort of open source like way.
0:59.8	Exactly.
1:01.4	Plus the president versus everybody, Fed Chair Powell, millionaires, and tariffs hitting the run for the roses in Kentucky.
	...

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