The Lead Cable Selloff & Restricting Chip Sales to China 7/20/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 20 July 2023

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

AT&T's legacy telephone network may have nearly 200,000 miles of lead-covered cables, according to an estimate by AT&T submitted in a court filing. Tom Neltner, Environmental Defense Fund senior director of safer chemicals, discusses the latest in the toxic lead cable investigation, the exposure fallout for telecom companies, the harmful effects of lead exposure, and more. Executives from top U.S. semiconductor companies are raising their concerns about the Biden administration’s attempts to curb the sales of advanced chips to China. Chris Miller, Author of “Chip War” & Tufts University Associate Professor of International History, discusses the additional restrictions on exports and how they are being used in artificial intelligence applications. Plus, Tesla shares are falling after a disappointing earnings call and Apple is reportedly developing its own AI large language model internally. In this episode: Chris Miller, @crmiller1 Phil LeBeau, @Lebeaucarnews Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick 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	AT&T Lake Tahoe and Lead lingering in foam cables, some from the turn of the last century,
0:16.7	measuring safety with the Environmental Defense Funds Tom Neltner.
0:20.6	I had no idea that there were so many lead pipes out there. Are these pipes
0:25.1	really there, these lead cables really there? And if they are, are they releasing
0:30.1	lead into the environment? And we found that in the affirmative.
0:33.0	Dipping into chips, author of Chip War, Chris Miller on the C-suites concerns over
0:39.0	semiconductors.
0:40.0	I think all of the CEOs that have been visiting Washington also realize what's at
0:45.1	state for the US security terms as well as in economic terms.
0:48.9	Those stories and Tesla's earnings called disappointing investors,
0:54.0	Apple getting into AI.
0:55.6	Some engineers are calling Apple GPT.
0:58.4	Plus, do you know where your Netflix password is?
1:02.0	Who's watching what and who's watching you?
1:04.8	I think the ones that are cheating are calling up their nephew and saying, hey,
1:08.0	knock it off, get your own subscription.
1:10.0	It is Thursday July 20th, 2023.
1:13.6	Squawk Pod begins right now.
1:16.2	Stand back to you by in three, two, one, Q please.
1:21.3	Good morning.
	...

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