The Harris Economy, DNC Night 3 and Peloton’s Pickup 08/22/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 22 August 2024

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The third night of the Democratic National Convention in Chicago featured speeches from Minnesota Governor Tim Walz, former President Bill Clinton, Oprah Winfrey, Mindy Kaling, plus performances from Stevie Wonder and John Legend. Megan Cassella recaps the energetic evening on the ground in Chicago. Kamala Harris’ former chief economic advisor Mike Pyle discusses the campaign’s policy specifics so far, including corporate tax rates and a price gouging crackdown. CNBC’s Robert Frank breaks down Vice President Harris’ plans for taxing capital gains and unrealized gains. Plus, Peloton is still spinning along despite a slowdown in demand, Disney is searching for a Bob Iger successor, and Microsoft’s controversial AI Recall feature is coming soon to testers. Megan Cassella 19:17 Mike Pyle 22:46 Robert Frank In this episode: Megan Cassella, @mmcassella Robert Frank, @robtfrank Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk 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	Day three of the Democrats National Convention in the books.
0:12.6	Thank you first of all to Vice President Harris for inviting me to be part of this incredible
0:19.5	campaign.
0:22.1	Running mate Tim Walles takes the stage with Oprah and former President Bill Clinton.
0:26.5	What are the policy specifics from Kamala Harris's presidential platform?
0:30.2	Her former economic advisor Mike Pyle joins us, taking on higher prices.
0:34.5	What it isn't is price controls pure and simple.
0:37.8	This is not intervening and the basic price setting mechanisms of our market economy.
0:42.8	And we'll look into plans to tax investment income.
0:46.3	Devil is in the details, once again.
0:48.4	The details that we know about.
0:50.2	Yes.
0:51.6	Then Microsoft's AI, ready to screenshot everything you do? Yikes.
0:57.0	Disney on a succession search, and we're making sense of the markets with some wisdom from Charlie Munger.
1:02.0	Think it over, and you'll agree with me. of the markets with some wisdom from Charlie Munger.
1:02.6	Think it over and you'll agree with me because you're smart and I'm right.
1:07.2	Plus?
1:08.2	Do you use your Peloton?
1:09.2	My Paltte I got sold my friend.
1:11.6	Pandemic Darling Peloton, under $4 a share.
	...

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