The Invasion: “It’s a war, there’s no doubt about it.”

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 24 February 2022

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Russia has launched an invasion of its neighbor Ukraine, with military assaults on several key Ukrainian cities including its capital, Kyiv. City officials said the offensive has already killed dozens of soldiers and several civilians. Jack Jacobs, retired U.S. army colonel and a Medal of Honor recipient, discusses global deterrence strategy and says, "It is a war, there's no doubt about it." CNBC’s Kayla Tausche reports on how the White House is reacting to Russia’s attack on Ukraine, NBC’s Matt Bradley is on the ground in Moscow, and Eunice Yoon reports from Beijing, where China has refused to call the Russian attack on Ukraine an ‘invasion.’ Kyle Bass, founder and CIO of the global events-focused hedge fund Hayman Capital Management, discusses Russia’s relationship with China and what this could mean for the future of Taiwan. Plus, CNBC’s Dominic Chu tracks the market’s response to Russia’s aggression, eyeing wheat and oil prices and considering a war’s impact on inflation. In this episode: Jack Jacobs, @ColJackJacobs Kyle Bass, @Jkylebass Kayla Tausche, @kaylatausche Eunice Yoon, @onlyyoontv Dom Chu, @TheDomino Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squack Pod.
0:06.0	I'm C.N.C. producer Cameron Costa.
0:08.0	Today in our podcast, Russia begins military operations in Ukraine,
0:13.0	decorated retired colonel and military analyst Jack Jacobs.
0:17.0	Well, it's a war, there's no doubt about it.
0:20.0	The question is, how is it going to end?
0:22.0	Yes, the world is watching right now.
0:23.7	Gaging the implications of the aggression and of the West's response with Global
0:29.0	Hedge Fund Manager Kyle Bass. The initial sanctions we announced were extremely disappointing. If we're not
0:35.4	willing to sanction, call it the Big Eight Banks in Russia, Putin himself,
0:40.0	Lavrov and others, that tells me that China has the green light to go take Taiwan.
0:45.8	We take you around the world from reports in Moscow to on the ground in Beijing
0:50.8	where President Xi is striking a careful geopolitical balance.
0:55.0	CNVC's Eunice-Yun.
0:57.0	China is blaming the US, actually, for increasing the tensions,
1:01.0	and today it rejected the term invasion. the
1:05.0	and today it rejected the term invasion and in Washington DC Kaye
1:07.2	Tauchy the actions as announced so far are simply not enough to deter Putin that's one of the reasons why President Selensky
1:14.1	was urging the West to implement the full range of sanctions.
1:18.8	Market reactions, political repercussions,
1:21.1	it's all here on Squagpah today,
	...

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