Reports Ramp Up, Jeff Shell Steps Down, & Ethical Investing 04/24/23

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 24 April 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

A colossal week for corporate earnings awaits: a third of the S&P 500 and nearly half of the Dow report quarterly results over the next 5 days. JPMorgan Asset Management global market strategist Gabriela Santos explains what we may learn about the U.S. economy through the performance of equities and considers whether a slowdown is coming. Jeff Shell, CEO of CNBC parent NBCUniversal, left his role after admitting to having an inappropriate relationship with a company employee. CNBC’s Julia Boorstin and LightShed’s Rich Greenfield discuss what’s next for NBC’s leadership, business, and content. Plus, CNBC.com political finance reporter Brian Schwartz reports, some state financial officers who have criticized ESG have been simultaneously personally invested in the fossil fuel industry. In this episode: Rich Greenfield, @RichLightShed Julia Boorstin, @JBoorstin Brian Schwartz, @schwartzbCNBC Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick 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	It's the week for earnings geeks,
0:12.0	one third of the S&P 500 and almost half of the Dow's stocks
0:15.9	will report first quarter performance.
0:18.1	What we'll learn about the US economy,
0:20.0	JP Morgan's Gabriela Santos.
0:22.0	We're not expecting any kind of crisis in terms of earnings contraction.
0:26.0	It's just speaking to some downside here in the U.S.
0:30.4	NBC Universal CEO Jeff Shell stepping down
0:33.4	due to an inappropriate relationship at work
0:36.2	looking ahead to our parent company's next chapter with media analyst
0:40.0	Rich Greenfield.
0:41.0	You do wonder whether as new management sort of takes over,
0:45.0	whether there is sort of a scaling back of ambitions.
0:48.0	Plus state leaders targeting climate conscious investing, holding financial stakes, where else,
0:54.8	in fossil fuel companies.
0:56.8	CNBC reporter Brian Schwartz with new information.
1:00.0	There really is no strong regulations at the state level on who and how these folks can own and purchase stocks.
1:08.0	It's Monday, April 24th, Squack Pod begins right now.
1:13.2	Stand Becky by in three, two, one, cure please.
1:18.4	Good morning.
	...

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