Shortages, Lockdowns, & Inflation Nations 4/11/22

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 11 April 2022

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

China’s strict “no-Covid” policy is prompting lockdowns across the country, and residents are sharing reports of food shortages and hoarding as they weather the latest wave of the pandemic. CNBC’s Eunice Yoon reports from China on the quarantines and the inflation sweeping the nation. Former FDA Commissioner Dr. Scott Gottlieb details the low vaccination rates in China that might be contributing to such a dire situation over 2 years into the pandemic. White House economist Heather Boushey, a member of President Biden’s Council of Economic Advisors, discusses inflation in the U.S., high energy costs around the world, and what the government might do to mitigate American pocketbook pains. Plus, WarnerMedia and Discovery have made their merger official; investors and streamers are tuned in for the resulting changes to the entertainment and media landscapes. In this episode: Heather Boushey, @hboushey46 Dr. Scott Gottlieb, @ScottGottliebMD Eunice Yoon, @onlyyoontv 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 the NBC producer Katie Kramer today on Squawk Pod.
0:08.0	China under lockdown, the cities, the shortages, and the inflation.
0:12.9	How things grew this dire two years into the pandemic,
0:16.1	Dr Scott Gottley.
0:17.3	So they're not using these kinds of mitigation measures
0:19.9	or any of the mitigation that they deployed
0:21.4	over the last two years
0:22.1	to try to buy themselves
0:23.0	time to get immunity to that population.
0:25.8	And White House Economist Heather Boucher on the price pinches, hitting American consumers
0:30.0	and energy costs still up around the globe.
0:33.2	We are pulling out all the stops to make sure that Americans have access to the energy they need,
0:38.6	which of course is why we need to be making these long-term investments in clean energy.
0:43.6	Plus, days of our Twitter Lives, the Elon Musk Twitter soap opera.
0:48.0	He's not joining the board.
0:49.6	JetBlue may not be ready for your summer vacation,
0:52.7	and the newest in mega media,
0:55.0	Warner Brothers and Discovery make it official.
0:57.2	I think it's to be fascinating just to see what happens to CNN,
0:59.7	but I also think it's gonna be fascinating
1:00.8	to see what happens to the movie business.
	...

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