Pete Buttigieg, Golfers Striking Back, & Fake News Propaganda 8/4/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 4 August 2022

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Gas prices may have peaked for now, but the road to lower inflation is long. Transportation Secretary Pete Buttigieg discusses the U.S. energy economy and the giant inflation reduction act crafted by Senate Democrats. Pro golfer Phil Mickelson and ten of his co-competitors have filed an antitrust lawsuit against the PGA after their participation in the Saudi-backed LIV tournament prompted suspensions from the PGA Tour. Tom Cruise’s performance in “Top Gun” impressed audiences, but not enough to lift Paramount Global’s stock price. CNBC’s Eamon Javers reports that cyber security firm Mandiant has released research on a fake news propaganda ring in China. Plus, Walmart has announced layoffs just a week after cutting its profit outlook. In this episode: Pete Buttigieg, @SecretaryPete Eamon Javers, @EamonJavers Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @Andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer today on Squawk Pod.
0:08.0	Walmart's second dire warning in two weeks, first slashing its outlook, now making a tough corporate call.
0:15.6	Layoffs just across the board whenever you have them, because they actually affect people,
0:20.7	are hard whether you think that their paper pushes or not.
0:24.4	Inflation's hitting the big box stores and also the little guy.
0:28.0	But will the Senate Democrats many billion dollar big plan ease the pain?
0:32.1	Transportation Secretary Pete Budajevich.
0:34.0	No question the inflation is still biting people.
0:36.0	We want to continue to see gas prices go down and become more affordable for Americans.
0:41.0	Those stories, plus the drama over the Saudi-backed golf upstart goes to the courts,
0:46.5	fake news in China, and, a Hollywood twist, the box office not dead yet, some of us love movie stars.
0:54.4	I think Tom Cruise is like the coolest.
0:57.0	The man.
0:58.0	It's Thursday, August 4, 2022, Squackpot begins right now.
1:03.2	Stand to enter by in three, two, one,
1:06.2	do you Andrew?
1:07.3	Good morning and welcome to Squack Box right here
1:09.4	on C. N. B and Becky's off today.
1:13.2	Do you remember, did you like the movie Wall Street?
1:16.8	You remember the Teldar, you remember Gecko's speech, Teldar paper, he goes,
1:21.0	there's more than 200 vice presidents sitting behind me and I have no
	...

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