Rates to Weights: Esther George and Obesity Doctor Angela Fitch 11/13/23

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 13 November 2023

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

After Moody’s revised its outlook for the United States government from stable to negative, investors are watching the Federal Reserve to see where it will take rates next. Former Kansas City Fed President Esther George share’s her thoughts on the Fed's decision to keep their options open on rate hikes and her observations on signs of economic cooling. Plus, Novo Nordisk’s weight loss drug Wegovy cut the risk of serious cardiovascular complications in people with obesity and heart disease. Dr. Angela Fitch, Chief Medical Officer of Knownwell and President of the Obesity Medicine Association, joins to delve into the latest study on Wegovy, exploring its implications for the obesity epidemic in the U.S., and more.

Transcript

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0:00.0	Bring in show music please.
0:04.0	Today on Squawk Pod, House Republicans unveiled their latest stopgap funding bill
0:10.0	to avert a government shutdown with major disagreements across party lines.
0:15.0	It's a continuing saga.
0:17.0	It's what's happening in the house.
0:19.0	Credit rating agency Moody's has changed the US credit outlook to negative.
0:24.6	Former Kansas City Fed President and CEO Esther George on the report.
0:29.3	Our fiscal situation is not sustainable.
0:32.6	And so, however, these rating agencies
0:35.4	pen their marks on the U.S. economy, I think what is clear
0:39.3	is that we're not on a good path,
0:41.1	and action will be required.
0:43.0	Plus, Novo Nordisk's weight-loss drug, Wigovi, is slashing the risk of serious heart events.
0:49.0	Obesity Medicine Association President Dr. Angela Fitch on the findings.
0:54.4	It's very important for us to recognize that obesity is treatable
0:58.1	and now we have a treatment that can prevent heart attack
1:00.7	and stroke at the same time.
1:03.0	I'm CNBC producer Zach Valisee.
1:05.0	It's Monday, November 13th.
1:08.0	Squack Pod begins right now.
1:10.0	Stand Becky by in three, two, one, queue please.
1:14.7	Good morning everybody and welcome to Squawkbox right here on
	...

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