The Gulf Takes the Green, The Influencer’s Influence, & A ‘Really Weird’ Recession 7/29/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 29 July 2022

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

As the Saudi-backed LIV Golf tournament begins, fans and athletes debate whether pros can simultaneously condemn human rights violations in Saudi Arabia and accept the Kingdom’s prize money. President of LIV Golf Atul Khosla tells CNBC’s Dominic Chu that it’s no different from a private equity fund’s commercial investment: just business. NYT foreign affairs op-ed columnist and author Tom Friedman discusses the geopolitics on New Jersey’s Bedmin green as well as other global headlines. He comments on President Biden’s two-hour phone call with President Xi Jinping, Nancy Pelosi’s upcoming trip to Taiwan, and the impact of China’s role in Ukraine on Sino-American relations. Plus, the power of the Kardashians: Instagram is rolling back its planned app changes after the influencer moguls brought their feedback to Meta. In this episode: Tom Friedman, @tomfriedman Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @Andrewrsorkin Klaire Odumody, @klairemarie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Claire Odumody today on Squag Pod.
0:09.0	So we have negative GDP, record inflation, but a healthy consumer.
0:15.6	Yep, we're still on the biggest debate of the year, the R word.
0:19.8	It's a really weird recession if it's a recession.
0:22.3	Then we're going global. It's a really weird recession if it's a recession.
0:22.8	Then we're going global, a Saudi-backed golf tournament
0:26.8	in New Jersey and a two-hour phone call
0:29.8	from the Oval Office to Beijing.
0:32.0	The steps to Biden's delicate dance with Zijing the Eyes on the prize, the prize is Ukraine pushing Russia out of Ukraine, and for that China is helping us, again for its own reasons, I wouldn't be poking the bear right now.
0:51.0	Plus, a pivot to the social media powers that be the
0:55.4	Kardashian influence on Mark Zuckerberg and dare I say it the rest of us.
1:00.3	You can totally go down the rabbit hole of Tik-Toc a lot faster than you can ever go down the rabbit hole of Instagram
1:07.6	It's Friday July 29th.
1:10.1	2022
1:11.4	Squawk Pot begins right now.
1:14.0	Stand Becky by in three, two, one, fuel brief.
1:18.0	Good morning everybody.
1:19.0	Welcome to Squawk Box here on CMBC.
1:21.0	We are live from the NASDAQ market site in Times Square.
1:24.1	I'm Becky Quick along with Joe Kernan and Andrew Ross Sorkin.
1:27.0	First of today, a question we asked yesterday on the podcast, and a question everybody's been asking
	...

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