The Harris “Opportunity Agenda” for Black Men 10/15/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 15 October 2024

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Johnson & Johnson released higher-than-expected third-quarter earnings; CFO Joseph Wolk discusses the company’s performance, the latest updates on its talc subsidiary’s bankruptcy and his thoughts on the corporate tax rate heading into the 2024 election. Next, Vice President Harris released a new economic plan on Monday to give Black men more economic opportunities. Charles Phillips, Recognize co-founder and Black Economic Alliance co-chair, discusses the plan and why he’s supporting the Harris economic agenda. Plus, Fed Gov. Waller sees the need for “more caution” going forward with rate cuts, shares of Covergirl’s parent Coty fell after reporting weaker-than-expected revenue, and Tesla’s Optimus robots were assisted by humans at last week’s Cybercab event. Joseph Wolk - 14:53 Charles Phillips - 32:39 In this episode: Charles Phillips, @PhillipsCE Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk 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
0:07.0	today on Squawk Pod.
0:09.0	I come from the middle class and I will never forget where I come from.
0:15.2	How is business responding to Vice President Kamala Harris's policies?
0:19.2	From pay your fair share to a corporate tax rate that encourages innovation.
0:23.5	Johnson and Johnson is a nearly 400 billion dollar giant in pharma.
0:27.7	CFO Joe Wolke joins us.
0:30.0	If you want a strong economy keeping investment here in the US and adding to it,
0:34.7	21% seems to be the fair rate.
0:37.1	And Charles Phillips, former tech exec and Wall Streeter, he's advising the vice president
0:42.0	on reaching a critical group of voters.
0:44.0	By far the one, two, and three issues in the black community, it's all economic, it's
0:48.3	inflation, it's economy, it's jobs, it's housing.
0:51.0	All that, plus today's top stories, the Fed fight over 50.
0:56.0	Some companies still trying to get workers back in the office,
0:59.0	Tesla's robot renaissance, and watching Israel for retaliation against Iran.
1:05.0	If you continue to mislead your allies to such a point,
1:08.0	they're no longer your allies.
1:09.4	Exactly.
1:11.1	It's Tuesday, October 15, 2024.
1:14.2	Squack Pod begins right now.
	...

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