The Hawkish Fed and Sam Zell’s Recession Indicator 11/03/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 3 November 2022

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Billionaire investor Sam Zell warns of potential recession heading toward the U.S. in a lively discussion on the Squawk Box set in Times Square. The U.S. Federal Reserve continues its aggressive interest rate increase policy in 2022; Chairman Jerome Powell warned in his regular press conference that more economic pain is likely to come as the central bank wages an historic battle against inflation. And, admitting an addiction to Twitter is the first step… In this episode: Steve Liesman @Steveliesman 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.
0:03.0	Hi, I'm the NBC producer Katie Kramer.
0:07.0	Here's what's coming up today on Squawk Pie.
0:10.0	The Fed moves again and says, yeah, there's more to come.
0:14.0	This is like a groundhog day.
0:16.0	Another jumbo hike in interest rates,
0:18.0	the US Central Bank's key and controversial weapon in the fight against inflation.
0:23.0	The fear factor is what we're dealing with in the markets, what you saw yesterday.
0:26.0	Fear factor, I miss that. People eat worms.
0:28.0	And billionaire investor Sam Zell has a dark outlook.
0:32.0	The likelihood is that we're going to have a risk. investor Sam Zell has a dark outlook.
0:32.6	The likelihood is that we're going to have a recession.
0:35.7	A special interview with the always outspoken real estate mogul
0:39.2	on set today.
0:40.4	Frankly, that's what happens when you flood the world with money.
0:45.0	Plus, tweets, twits, trolls, and our emotional roller coaster around a certain social media platform.
0:52.0	Am I in denial about whether I really do in fact like Twitter?
0:55.5	Well, you're kind of addicted.
0:56.6	Kind of a d'
1:00.1	d'I'm kind of a d's.
0:58.6	What? It's Thursday, November 3rd, 2022.
1:01.6	Squawk Pod begins right now.
	...

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