Stimulus (Again), SALT-y Debates & Covid Brain Fog

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 9 December 2020

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Senate Majority Leader Mitch McConnell says he wants Congress to pass a coronavirus relief bill with neither legal immunity for businesses nor state and local government relief. Congress is trying to come to agreement on coronavirus relief and government funding before the end of the year, and have a new proposal from the White House to consider. Stimulus checks, liability protections and state and local aid are some of the biggest sticking points remaining in discussions. Brain fog, severe fatigue and shortness of breath are three of the main post-COVID symptoms doctors are seeing, says Mayo Clinic's Dr. Greg Vanichkachorn, which can affect 25% of patients. High-tax states like New York and California are seeing Fortune 500 companies leaving for lower tax states like Florida and Texas. Rep. Tom Suozzi (D-NY) wants to keep New York open for business and has a plan for the debate over SALT deductions for federal income taxes. Plus, the cost of convenience for home delivery and a stunning cybersecurity breach offers a good reminder … update your password!

Transcript

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0:00.0	This is House's last minute offer to Congress. The question here is, you know,
0:14.2	is there enough support around the direct checks
0:16.8	at the expense of something else?
0:19.2	Goodbye to New York.
0:20.5	Goldman Sachs plans to fly south to Florida caught one congressman's eye.
0:24.4	New Yorker Tom Swazi warns other companies and other states, not so fast.
0:29.1	Right now, New York subsidizes the rest of the country.
0:32.4	We set up this system under the New Deal and the Great Society
0:35.7	to subsidize these other states to help them to catch up with us.
0:39.0	Now we're subsidizing them to kick our ass.
0:42.2	And when COVID continues, too many patients experience symptoms for the long haul.
0:48.0	The Mayo Clinic is studying rehab and getting people back to work.
0:52.0	Many of the patients that we are seeing are younger in age
0:54.6	and are quite healthy and physically fit
0:56.7	before their COVID infection.
0:58.8	Those stories today, plus Joe Becky and Andrew
1:01.5	on the cost of convenience for home delivery.
1:04.0	It's good to be conflicted, I think.
1:05.9	I'm conflicted.
1:07.3	It's my middle name.
1:08.3	And a stunning cybersecurity breach reminds us, have you updated your password? You have a good defense going, Joe. Reach 9th 2020 Squack Pot begins right now.
1:24.0	Good morning everybody. Welcome to Squack Box. This is C.M.
	...

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