Rate Hikes & a Relief Rally. 03/18/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 18 March 2022

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

The markets are on track for their best week since November 2020, despite geopolitical risks continuing to brew abroad. CNBC’s Meg Tirrell reports on the rising Covid-19 cases across Europe, and what experts think that means for the U.S.’s pandemic response. Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, also breaks down the latest surge, but says the U.S. will not see a major wave of infections as we head into the spring and summer. President Joe Biden signed an executive order last week directing agencies to study cryptocurrencies as well as to come up with a government-wide approach to regulating digital assets. Perianne Boring, Chamber of Digital Commerce founder and president, says the move is a “huge validation” for blockchain. Plus, March Madness has begun! Joe Kernen discusses his not-so-perfect brackets with guest hosts Brian Sullivan and Michael Santoli. In this episode: Perianne Boring, @PerianneDC Dr. Scott Gottlieb, @ScottGottliebMD Meg Tirrell, @megtirrell Brain Sullivan, @SullyCNBC Michael Santoli, @michaelsantoli Joe Kernen, @JoeSquawk Klaire Odumody, @klairemarie

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squag Pot.
0:06.0	I'm C. NBC producer Claire Odymody.
0:08.0	Today.
0:10.0	What scares investors?
0:12.0	This unbelievably serious backdrop of a potential nuclear incident in a World War 3.
0:17.6	Is this just the same to market players for previous things like this.
0:23.0	Our own Michael Santoli remembers the lessons of market history.
0:26.5	You know, for half a century we lived under the shadow of a nuclear threat
0:30.7	and the market did well over point to point.
0:33.0	This again, COVID infections spiking in certain countries.
0:38.0	Dr Scott Gottlieb on what it means.
0:40.0	Europe is seeing a wave of infection right now. We're about three weeks behind Europe
0:44.6	but we also have the benefit of getting further into the spring which is going to
0:47.5	provide some seasonal backstop. And taming the wild west of cryptocurrency, the senators, the advocates,
0:55.7	and the concerns of ill-gotten games, Perian Boring, of the Digital Chamber of Commerce.
1:01.1	We've got to be able to distinguish between the facts and the fears and these knee-jerk
1:05.8	reactions to want to regulate cryptocurrency could have significant unintended consequences. All that today, plus brackets busted.
1:16.0	It's great basketball.
1:17.2	Great basketball, though.
1:19.0	It is. It's Friday, March 18, 2022.
1:22.2	Squawk Pod begins right now.
	...

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