September Jobs Report; Tech Turns on Capitalism; Steve Schwarzman

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 4 October 2019

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Becky Quick, Andrew Ross Sorkin, and Steve Grasso break down September’s jobs report with BlackRock’s Kate Moore, University of Chicago Booth School of Business’ Austan Goolsbee and Club for Growth’s David McIntosh. Major tech CEOs speak out against wealth — and capitalism; the Squawk Box hosts debate whether our system is worth saving — and how they’d do it. Plus, want to be a legend? Blackstone CEO and Wall Street titan Steve Schwarzman reveals what it takes in a one-on-one conversation with Becky Quick.

Transcript

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0:00.0	I'm Becky Quick and you're listening to Squack Pod.
0:03.0	Bring in show music please.
0:05.0	This is Squack Pod, the daily podcast brought to you by the team behind Squack Box.
0:11.0	NYU, this is C NBC Control 2.
0:12.0	C.N.C. Control 2. C.N.
0:13.0	C. C.R. 2.
0:15.0	Every day get the best stories, debate, and analysis from the biggest names in business and politics.
0:19.6	All right, we're coming to our next.
0:20.6	Today, it's Jobs Friday, unemployment at a 50-year low, but is it all good news?
0:25.8	You know, this kind of a mealy peach of a report.
0:29.2	Our panel on whether the economy is ripe for recession. Plus, tech billionaires turn on capitalism.
0:35.0	People that want to succeed, succeed.
0:37.0	And I know it's not politically correct to say that, to be honest with you,
0:40.0	I think mathematically that's incorrect.
0:42.0	And Steve Schwarzman recalls his worst trade.
0:44.6	I realized I was about to cry.
0:46.6	I'm just not allowed to cry.
0:48.3	The private equity legend tells Becky Quick
0:50.0	about his early struggles and Becky's thoughts
0:52.2	on that conversation, which you'll hear only on the
0:54.3	podcast.
0:55.3	To hear this guy who you think of is making other people cry.
	...

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