Ron Baron’s Ray of Hope; Black Financial Influencers 6/17/22

Squawk Pod

CNBC

News, Business News, Business, Investing

4.2 • 543 Ratings

🗓️ 17 June 2022

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

The S&P 500 is headed for its worst week since March of 2020, but famed buy-and-hold billionaire investor Ron Baron offers a ray of hope amid Wall Street’s worries. A Tesla bull and futurist investor, Baron likens today’s market with the opportunity that earned him billions in the 1980s. In an all-hands meeting with Twitter employees, Elon Musk addressed layoff and content moderation concerns. For consumers, inflation is still cause for worry; Rep. Ro Khanna (D-CA) discusses pump pressures for Americans and big profits for big oil producers in the U.S. Plus, we mark Juneteenth weekend by celebrating Black social media influencers in finance, with CNBC’s Frank Holland. In this episode: Ro Khanna, @RepRoKhanna Frank Holland, @FrankCNBC Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick 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 Squackpot.
0:08.0	We're bracing for the worst market week since March of 2020, but one billionaire investor is looking ahead
0:15.2	to brighter skies. I want something positive and I love Ron Barron. I don't think
0:19.6	of him as a market timer. I think about him as a futurist.
0:24.0	Still, not all a rosy picture.
0:26.2	We're hitting US inflation and record high gas prices
0:29.4	with California Congressman Roquehanna.
0:31.6	Long term, what's really going to bring price stability
0:34.2	is more of the diversification of our energy sources.
0:38.4	Those stories today, plus Elon talks to the Tweeps.
0:41.5	And we're celebrating the Black Influencers in Finance with
0:44.9	see NBC's Frank Holland ahead of Juneteenth weekend.
0:48.0	The crowd here in Philadelphia isn't cheering for their favorite song or
0:51.2	dancing to the beat. These fans want to know how to make money.
0:55.1	It's Friday, June 17, 2022.
0:57.9	Squawk Pod begins right now.
1:00.2	Stand Becky by in three, two, one, fuel
1:03.4	good. Good morning everybody. Welcome to Squawkbox here on
1:07.1	CNBC. We're live from the NASDAQ market site in Times Square.
1:09.9	I'm Becky Quick along with Joe Kernan. Andrew is off today.
1:14.0	So I'm sure you've noticed this week has been a rough one for the markets and pretty much everyone's
	...

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