Rate Hikes with Jim Bullard; Crypto Ads with FTX US; Border Watch in Ukraine

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 14 February 2022

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A super-sized episode, starting with St. Louis Federal Reserve President James Bullard’s suggestion of a super-sized hike in interest rates. After Bullard’s original comments spooked the markets last week, he makes his case to mitigate 40-year inflation highs with a fast reaction from the U.S. central bank. Abroad, tensions between Russia and Ukraine--and now the rest of the world--remain unresolved, and investors gauging the geopolitics remain uncertain. Russia’s Foreign Minister Sergey Lavrov suggested Russia would continue diplomatic talks with the West, a move toward deescalation. Plus, The Los Angeles Rams defeated the Cincinnati Bengals in Super Bowl 56, but there was another battle--between crypto companies--during breaks from the game. President of crypto exchange FTX U.S. Brett Harrison discusses crypto commercials at the Super Bowl, his platform’s own collaboration with comedian Larry David, and Coinbase’s QR code that crashed its website. In this episode: James Bullard, @stlouisfed Brett Harrison, @Brett_FTXUS Mike Santolli, @michaelsantoli Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod.
0:06.0	I'm CNDC producer Katie Kramer.
0:08.0	Today on our podcast.
0:09.0	The Federal Reserve's credibility on the line,
0:12.0	St Louis Fed's Jim Bullard calling for super-sized
0:15.3	action.
0:16.3	Inflation is much higher than we would have expected.
0:19.0	If you don't get moderation in the second half, we'll really be in a pickle if we don't position ourselves well in the next couple of months here.
0:27.4	And the morning after the Super Bowl, being in the stadium that halftime show was beyond.
0:33.0	Andrew, Becky, and Michael Santoli on the big game and the big ads with the viral misses.
0:38.0	Wait a second. How much money are you paying to drive this traffic to your website and then you're not prepared to deal with it.
0:44.0	And the hits.
0:45.0	It was a funny ad, you don't want to be like Larry David.
0:48.0	And behind the hits, crypto exchange FTX's Celebrity CoLab, its president Brett Harrison wants more investors despite the volatility.
0:56.5	Here's a lot of short-term anxiety. What we're seeing, especially on the crypto side,
1:00.5	the private markets are booming. We think the longer term outlook is pretty
1:04.4	positive. Those stories plus the latest on the borders between the US and
1:08.9	Canada and Russia and Ukraine. It's Monday, February 14th, hey Valentine's, a super-sized squawk pod begins right now.
1:18.0	Stand Becky by and three, two, one, fuel. You'll please. Good morning, everybody.
1:25.0	Welcome to Squawk Box right here on C.M.
1:27.0	I'm Becky Quick, along with Mike Santoli and Andrew, who is joining us live from outside
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.