Taking on Price Gouging & Understanding Mpox 08/19/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 19 August 2024

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the latest chapter of a volatile month for equities, the S&P rallied nearly 4% for its best week since 2023. High prices for basics like eggs are still squeezing consumers, though, and Vice President Kamala Harris has begun to hint at her economic agenda, including federal action to prevent price gouging. She will formally accept the Democratic nomination for President at the Democratic National Convention kicking off Monday in Chicago. Stephen Moore, economic advisor for the Republican nominee Donald Trump, offers his perspective on VP Harris’ plans, while Groundwork Collaborative’s Lindsay Owens defends the strategy as commonsense. Plus, mpox cases and deaths are rising in the Democratic Republic of the Congo, and the Philippines has detected its first case. Former FDA Commissioner Dr. Scott Gottlieb explains the history of the virus, the treatments for it, and new information on how it spreads. Lindsay Owens & Stephen Moore 18:30 Dr. Scott Gottlieb 33:02 In this episode: Dr. Scott Gottlieb, @ScottGottliebMD Joe Kernen, @JoeSquawk Kelly Evans, @KellyCNBC Mike Santoli, @michaelsantoli 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	Kamala Harris rolling out an economic plan.
0:12.0	Key to creating this opportunity economy
0:17.0	is building up our middle class.
0:19.0	That includes cracking down on inflated prices.
0:25.0	Is this 70-style price controls?
0:28.0	Heritage Foundation Stephen Moore joins us.
0:30.0	Socket to businesses, that business are bad, profits are are bad we have to limit the prices that they're charging
0:36.0	or is it the response to voters asking why don't you do something? Groundwork
0:40.8	Collaboratives Lindsay Owens if you're a company who relies on ripping off consumers,
0:46.0	you want to be taking a close look at your business model.
0:49.0	And negotiated drug prices, former FDA head Scott Gottlieb on the market for prescriptions.
0:55.6	Really what should happen is the net price should be the list price.
0:58.8	You should have true pricing in the marketplace.
1:00.9	Plus, stocks shake off a speed bump
1:04.4	for the best week of the year.
1:05.9	Joe Kernan is joined today by Mike Santoli and Kelly Evans.
1:09.2	A friend still in the brokerage business has said,
1:11.1	Kelly must sleep with a nightlight on you couldn't
1:13.4	think of buy some invidious some am d on the fear factors versus the numbers you
1:18.5	started this I totally I had to welcome back I miss you thank us. Thank you. I missed you too.
	...

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