Reading the ‘Recession Predictor’ 4/01/22

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 1 April 2022

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

The bond market briefly flashed a warning that recession could be imminent; Joe Kernen, Becky Quick, Andrew Ross Sorkin, and CNBC’s senior economics reporter Steve Liesman explain Wall Street’s hype about the inverted yield curve. The other talk on Wall Street: a social breakfast between Activision Blizzard CEO Bobby Kotick and trader Alexander von Furstenberg that’s now in the center of official probes into insider trading concerns. Also caught up in the probes are billionaire magnates Barry Diller and David Geffen. Plus, China is in the thick of another battle with Covid, but here at home, former FDA Commissioner Dr. Scott Gottlieb says, we’re nearing the end of its pandemic phase. In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Steve Liesman, @steveliesman Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C, producer Katie Kramer today on Squawk Pod.
0:08.0	The Recession Predictor, maybe.
0:12.0	Five for Five is kind of like 100% though.
0:14.4	The inverted yield curve is it a soothsayer.
0:17.2	24 months from now, we could be through three more pandemics, a couple more world wars.
0:22.4	We want to remember what
0:24.0	actually caused it. Cincinnati could win the Super Bowl and Rutgers could win the
0:27.7	NCAA title in all that time. No, no.
0:30.5	And cautiously optimistic former FDA Commissioner Scott Gottlieb with the latest on COVID after two years of
0:38.2	pandemic.
0:39.2	Once we're out of the pandemic phase and I think we're getting out of it. This is going to become a more seasonal virus.
0:44.0	It's probably going to be around in the fall in the winter.
0:46.0	And a vaccine that protects you for six or eight months
0:48.0	is going to probably be just fine.
0:50.0	Plus the breakfast that Wall Street and regulators can't stop talking about.
0:55.0	It came a few days before the major Microsoft Activision Blizzard deal was announced.
1:00.0	What if you know they're talking?
1:01.0	I don't what is their body language?
1:02.6	Is there anything that would end and someone could surmise
1:05.4	that something was going on?
1:07.6	It's Friday, no April fools there.
	...

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