The Bankruptcy Chapter & Inflation Relief…Maybe 11/11/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 11 November 2022

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

The consumer price index increased 0.4% for the month and 7.7% from a year ago. Joe, Becky, and Andrew discuss how the better-than-expected report prompted a market rally, and consider next steps for the Fed in its fight against inflation. New Jersey Governor Phil Murphy discusses the squeeze on consumers and the rising crime rates across the country. Crypto exchange FTX has filed for bankruptcy. After a tumultuous week in crypto, CEO Sam Bankman-Fried has stepped down. Plus, Elon Musk’s new Twitter Blue policy has proved confusing for tweeters, corporate and otherwise. In this episode: Phil Murphy @GovMurphy Eunice Yoon @onlyyoontv Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:04.0	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pot.
0:11.0	Green arrows, Reprieve. inflation may, may have peaked and the markets cheer.
0:17.0	Seven percent in the NASDAQ is a big move.
0:22.0	Well, for one day, so far.. But man if you missed that rally yesterday you got to be hurting.
0:26.0	Can the Fed help all the hurt? New Jersey Governor Phil Murphy on what consumers need.
0:32.0	I'm on the
0:35.0	on what consumers need. I'm on the side of aggressive behavior because otherwise a lot of inflation is sentiment to feed that positive sentiment in the economy
0:39.0	they've got to take some more steps.
0:41.0	Plus China finally backing off harsh COVID restrictions.
0:45.3	The fake blue checks wreaking havoc for some companies and cryptastrophe,
0:50.1	FTX continues its crumble.
0:52.1	Investors scramble to cash out.
0:54.0	The big question is, are we going to see some customers getting their money out or not?
0:58.0	It's Friday, the 11th day of the 11th month.
1:01.0	Happy Veterans Day.
1:02.7	Squawk Pot begins right now.
1:04.6	Stand Becky by in three, two, one,
1:07.5	queue please.
1:09.3	Good morning, everybody.
1:10.3	Welcome to Squawk Box here on see NBC.
1:12.3	We're live from the NASDAQ market site in Times Square.
	...

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