Robux, CPI, & US Capital Flows to China 8/10/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 10 August 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The latest Consumer Price Index shows inflation may have lost a bit of its hold on the U.S. economy. Bank of America’s Liz Everett Krisberg shares results of Bank of America Institute's August Consumer Checkpoint, which reveals a bounceback in consumer spending in July. Virtual game company Roblox reported quarterly results that disappointed investors, but CEO David Baszucki says, the future of communication, play, even advertising–is all in immersive 3D. The ‘Builderman’ himself explains what he’s building in the Roblox metaverse. CNBC’s Eunice Yoon reports on the CCP’s response to President Biden’s executive order limiting US investment in China, and venture capitalist Mitchell Green considers the impact of the new restrictions, both symbolic and real. Liz Everett Krisberg - 09:55 Mitchell Green - 14:29 Dave Baszucki - 23:20 In this episode: David Baszucki, @DavidBaszucki Andrew Ross Sorkin, @andrewrsorkin Kelly Evans, @KellyCNBC Eunice Yoon, @onlyyoontv 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	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pod.
0:08.0	Inflation's big number, the Consumer Price Index, where the markets are going next, and the silver linings in
0:15.8	your bank account with Bank of America's Liz Everett CRISPR.
0:19.2	I have a lot of reasons to be optimistic right now.
0:22.3	President Biden restricting some U.S. investment into China and China firing back.
0:28.0	The real implications with venture capitalist and investor in Chinese tech, Mitchell Green.
0:32.0	I think it's a lot of political theater personally and I think it's
0:35.1	coming across both sides of the aisle in the United States here's the reality of
0:38.3	it we need China as much as they need us and a virtual world with very real questions about cash flow, online and
0:46.7	on Wall Street. My kids do love Div-Bazuki. Robux is a currency in my household.
0:51.9	Roblox CEO Dave Bazuki,
0:54.3	Bilderman himself.
0:55.7	His stock is down, but his confidence is up.
0:58.7	We're familiar with using messaging,
1:00.5	with using video communication.
1:02.5	Ultimately, the next form of communication
1:04.9	is going to be immersive 3D.
1:07.5	It's Thursday, August 10th, 2023.
1:10.3	Squack-Pod begins right now. Stand to enter by in three, two, one, Q Andrew.
1:18.0	Good morning and welcome to Squackbox right here on
1:20.0	C.M. We're live at the NASDAQ market site in Times Square. I'm Andrew
	...

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.