September Showdown, Avoiding a Recession and Longevity Investing 8/14/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 14 August 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Lawmakers face a ticking clock when they return from recess after Labor Day. They have until September 30th to pass an appropriations bill to keep the government running and avoid a shutdown. President Biden is now seeking an additional $40 Billion for emergency spending including Ukraine aid, disaster relief and immigration efforts. Former U.S. Senator Judd Gregg (R-N.H.) and former U.S. Congresswoman Donna Edwards (D-Maryland) discuss Bidenomics and the odds of a government shutdown. Abby Miller Levy, Primetime Partners co-founder and managing partner, discusses how innovation from big pharma is affecting venture capital flows to health tech, the impact on markets and investors, and more. Plus, Mark Zuckerberg calls off the Elon Musk cage match and the dreaded yield curve inversion may not mean a recession … this time. And, Joe Kernen’s back from vacation! Donna Edwards and Judd Gregg: 15:51 Abby Miller Levy: 25:05 In this episode: Donna Edwards, @DonnaFEdwards Kelly Evans, @KellyCNBC 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. NBC producer Katie Kramer, today on Squawk Pod.
0:09.0	September, showdown. The clock is ticking on yet another government funding deadline.
0:15.1	We turned to two Washington veterans on the spending debate about to come our way.
0:19.6	Republican Judd Gregg.
0:21.0	In the end, this is going to reduce the standard of living of all Americans because at some
0:24.9	point you're going to have to pay the piker.
0:26.8	And Democrat Donna Edwards.
0:28.4	I think we're just beginning to see the results of these economic investments and they will pay back over and over again.
0:36.8	That's just an economic fact.
0:40.5	Investing in longevity, not the markets, hours, the health tech trends capturing dollars,
0:46.3	venture capital investor Abby Miller Levy.
0:48.8	What makes for a good investment in this space is recognizing that the population is going to double in size
0:55.0	in terms of those age 65 and older.
0:58.0	Plus, actually this is what's really interesting.
1:01.0	The market's trying to shake off an August slump and a
1:04.8	recession signal. Once you start uninverting the inversion, then your goose is cooked.
1:08.8	And the Zuck- Musk cage match that may never be, the latest and all the name calling.
1:15.0	Chicken!
1:17.0	It is Monday, August 14th, 2023, Squawk Pod begins right now.
1:25.0	Good morning and welcome to Squawk Box here on the NBC,
1:28.3	live from the NASDAQ market site in Times Square.
	...

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