The Four-Day Week Experiment & Steve Eisman: The Economy is Fine 04/02/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 2 April 2024

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Neuberger Berman senior portfolio manager Steve Eisman weighs in on the Federal Reserve’s interest rate debate; Eisman says, the economy is fine, and the Fed has no reason to cut rates this year. Former Flywheel CEO Sarah Robb O’Hagan explains her experiment with a four-day-workweek at her new company, Exos. Plus, Disney’s future hangs in the balance of a board vote this week, shares of Trump Media stock DJT jumped and then stumbled over 20%, and Google is destroying billions of “private” and “incognito” data records, settling a consumer privacy lawsuit. Steven Eisman - 16:14 Sarah Robb O’Hagan - 29:54 In this episode: Steven Eisman, @EismanSteven Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin 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	Steve Eisman, the big short investor at Newberger Berman says the economy is fine and a rate cut just
0:16.0	doesn't make sense.
0:17.0	My actual fear is that if the Fed were actually to cut rates, the market becomes I guess
0:22.0	bubblicious and then we have a real problem.
0:24.7	And making it work with a four-day week, Exo CEO Sarah Rob O'Hagan on
0:30.5	experimenting with less time in the office.
0:33.2	The business performed better, the managers said that their employees held their performance
0:38.3	levels, and most importantly, the employees, people are just significantly feeling better.
0:43.2	Plus the never-ending Disney proxy battle.
0:47.2	Like some of our presidential elections, you might not actually get an answer tomorrow night.
0:52.0	Hanging Chads.
0:53.4	And shares of DJT, Trump media stock jumped and then stumbled.
0:58.9	When people talk about the credibility of the markets
1:00.9	and manipulation and what the SEC is trying to look for
1:03.5	for me this is like the ultimate manipulated stuff well who's manipulating well that's
1:07.6	what's so interesting about it I don't know it's Tuesday April 2nd
1:12.3	2024 squawk pod begins It's Tuesday, April 2nd, 2024.
1:13.7	Squack Pod begins right now.
1:16.2	Stand Becky by in three, two, one, queue please.
1:21.2	Good morning everybody.
	...

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