Steve Eisman, the Fed, & Marathon Sunday 11/02/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 2 November 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Federal Reserve has left interest rates as they are, in its latest decision. Neuberger Berman’s Steve Eisman, the portfolio manager profiled in “The Big Short,” breaks down Fed Chair Jay Powell’s latest remarks, the state of the economy, and the handling of the Israel-Hamas War on campus at his alma mater, University of Pennsylvania. Palantir has reported a strong quarter, and CNBC’s Frank Holland explains CEO Alex Karp’s commentary on American competitiveness, the Palantir software, and standing by Israel. Disney is buying the rest of Hulu from Comcast, in a long-awaited and widely-expected decision on the asset. Plus, the New York City Marathon is this Sunday! Brooks Running CEO Jim Weber expects almost 10,000 runners to be racing in his shoes, and he’s cheering them on. Steve Eisman 13:43 Jim Weber 22:56 In this episode: Andrew Ross Sorkin, @andrewrsorkin 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 Squawk Pod.
0:09.0	The Federal Reserve not touching interest rates this round.
0:12.0	Newberger Berman Steve Eisman tries to read the tea leaves.
0:16.0	I listen to Powell's press conference and he's just as confused by all the different data points as everybody else.
0:21.0	Maybe that's why he wants to pause,
0:23.1	because he doesn't know what to do.
0:25.2	And Disney buying the rest of Hulu,
0:27.7	not everyone's happy.
0:29.3	You've been sour on Disney?
0:30.3	I have.
0:31.3	I have.
0:32.3	I have. Ever since Comp has tried to buy them and they said no.
0:37.0	Those stories today, plus Palindeer standing up for Israel. And the New York City Marathon takes off this Sunday, 50,000 people racing, and plenty more cheering, including Brooks running CEO Jim Weber.
0:49.0	We think we'll have almost 10,000 people out there running in our shoes on Sunday so we're going to cheer them on.
0:55.6	It's Thursday, November 2nd, 2023. Squawk Pod begins right now.
1:00.8	Stand Becky by in three, two, one, queue please.
1:06.4	Good morning everybody.
1:07.6	Welcome to Squack Box right here on C.
1:09.8	We are live from the NASDAQ market site in Times Square. I'm Becky Quick along with
1:14.1	Joe Kernan and Andrew Ross Sorkin. The Fed holding rates steady as
1:18.1	expected but the door remains open for future hikes and levels would remain elevated into 2024 to
	...

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