Sticky Inflation, MDW Travels, & Netflix Sharing No More 5/24/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 24 May 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Inflation could be stickier than the markets expected, warns Goldman Sachs CEO David Solomon. THL Partners Co-CEO Scott Sperling agrees, suggesting that AI innovation could ease some of the economy’s wage inflation. Ahead of Memorial Day Weekend, The Points Guy founder Brian Kelly explains traveler willingness to splurge on vacation, amid economic uncertainty. Plus, Netflix is cracking down on password sharing, and Florida Governor Ron DeSantis aims for the White House, live on Twitter. In this episode: Brian Kelly, @thepointsguy Becky Quick, @BeckyQuick Melissa Lee, @MelissaLeeCNBC Robert Frank, @robtfrank 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
0:07.0	today on Squawk Pod.
0:09.0	Inflation Nation, heating economic warnings of recession and buckling up for a long journey.
0:15.6	Private Equity Executive Scott Spurling.
0:17.8	I don't think we're going to get wage inflation down to 2% or under.
0:21.6	I think we're in a world where that's going to be stickier
0:24.4	than people think. The solution to sticky inflation, it might all come down to
0:29.2	AI. It's going to be a tool that can be used to drive significant productivity increase.
0:35.0	How consumers are spending their cash, while they have it, the Points Guy Brian Kelly, ahead of
0:40.9	the Memorial Day kickoff to Summer.
0:43.2	People still want to travel, the economy's not in complete meltdown yet,
0:47.6	so people are still bullish and at least saying,
0:49.4	why I'm going to get my trip in now?
0:51.6	Those stories, plus theceiling speed bump. Ron
0:55.1	Desantis aiming for the White House and Netflix Nepo babies not long for this world.
1:00.1	You get to keep your parents insurance till you're 26 but you get kicked off Netflix at 18 so we'll see how that works.
1:05.0	It's Wednesday, it's May 24th, Squawk Pod begins right now.
1:11.0	Stand Becky by in three, two, one, queue please.
1:15.0	Good morning everybody.
1:17.0	Welcome to Squackbox right here on C.
1:19.6	We are live from the NASDAQ market site in Times Square. I'm Becky Quick along with
	...

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