So Long to (Some) Loans, & WOOF: Pet Pricing Power 8/24/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 24 August 2022

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Biden’s student loan forgiveness plan has alarmed investors who worry that the policy will be inflationary for our economy. Senator Patrick Leahy (D-VT), the Senate’s longest-serving lawmaker and the body’s president pro tempore, explains how the forgiveness will work, and what the limitations will be. As he reflects on his retirement and on the future of the United States, airing his concerns about our trajectory as a nation. As markets continue their volatile summer, Joe, Becky, and Andrew are reunited to break down the latest moves and market jitters ahead of this week’s Fed meeting. Twitter has a leak, and the whistleblower’s allegations might just help Elon Musk. Plus, Becky and Joe share their family pet affections with Petco CEO Ron Coughlin, who insists, despite the “WOOF” stock ticker, his team doesn’t play favorites. In this episode: Ron Coughlin, @RCoughlinPetco Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk 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 Squack Pod.
0:08.0	Joe Becky and Andrew reunited at last.
0:11.0	There's three of us here.
0:12.6	We can coast.
0:13.6	The wild arc of the markets.
0:15.6	I'm arguing that near term we need that pivot.
0:18.9	I don't want that.
0:19.9	I don't want the medicine.
0:20.9	You've been calling for the medicine for the last... I know I flipped. decade know I've flipped.
0:24.0	And I've known you.
0:26.0	And the arc of our nation.
0:28.0	Higher education and higher standards for our country with the Senate's longest serving lawmaker Patrick Leahy.
0:34.0	The Senate has a duty to come together to go back to being the conscience of the nation,
0:39.4	not a perfect conscience, but a lot better it is today. Those stories today plus Tesla's
0:45.0	whistleblower, meme stock mania, or so mime to begin with, me me me me me me me
0:49.6	and we're talking pets with Petco CEO Ron Coglin.
0:54.0	Your symbol is W-O-O-F.
0:56.5	Is that any type of commentary on your preference for which pets you...
1:01.5	You know, it's not the I have I have twins and I love them both don't worry here
1:06.6	at Squawk we love equally too sort of like people okay but we love animals don't
1:11.3	we I love my cat.
	...

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