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Squawk Pod

Surviving Putin & A Rising PPI 4/13/22

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2543 Ratings

🗓️ 13 April 2022

⏱️ 23 minutes

🧾️ Download transcript

Summary

The Producer Price Index, which measures prices paid by wholesalers, rose 11.2% from a year ago, hitting a record high. Inflation around the world continues to rise as Vladimir Putin presses on in his war in Ukraine. Hermitage Capital CEO and author of “Freezing Order: A True Story of Money Laundering, Murder, and Surviving Vladimir Putin’s Wrath” Bill Browder, shares details of his life under Putin’s eye and concerns about the war’s ripple effects across the globe. Plus, Elon Musk is back in the news–this time, for a lawsuit. In this episode: Bill Browder, @BillBrowder 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.N.C. producer Katie Kramer, today on Squawk Pod.

0:08.0

The I word inflation. This time producer pricing hits an all-time high.

0:13.0

The Putin price increases.

0:15.0

Keep saying it, saying it, saying it.

0:17.0

It's true if you look at grains, if you look at metals.

0:19.0

Elon Musk's 9% Twitter steak back in the headlines.

0:22.0

Well, did it ever really leave? But what would surprise? 9% Twitter steak back in the headlines.

0:22.6

Well, did it ever really leave?

0:24.1

But what would surprise you the most?

0:25.8

Any files that he sharply increased his steak

0:28.6

or he files that he's out of pulpit?

0:30.3

Neither.

0:32.0

Those stories today, plus the ex-banger who faced Neither. The war in Ukraine costs a billion dollars a day.

0:43.0

So he's kind of breaking even, if you will, on this whole operation at the moment because we keep on sending him money to kill Ukrainians.

0:50.0

It's Wednesday, April 13, 2022.

0:53.2

Squawk Pod begins right now.

0:55.0

Inflation is the top headline for another day,

1:01.0

this time the producer price index, which measures the prices paid by wholesalers

1:05.3

for goods and services.

1:06.7

PPI's latest reading for March shows an 11.2% increase in prices from a year ago.

1:13.0

That's the most in over a decade.

...

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