The Tee-Up: FTX Hearings, A Fed Decision, & New Inflation Data 12/12/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 12 December 2022

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

It’s a big week for Wall Street! Investors await the Congressional hearings on FTX’s collapse, the Federal Reserve’s next decision on interest rates and the U.S. Bureau of Labor Statistics’ latest inflation data. Ahead of the consumer price index report, White House economist Heather Boushey discusses President Biden’s focus on clean energy, American manufacturing, and the U.S. labor market. As investors brace for testimony from disgraced FTX founder Sam Bankman-Fried, former SEC Chairman Jay Clayton considers what SBF will say to Congress and how he will excuse the leadership that prompted a collapse in crypto. SBF owes money to investors, shareholders, and even Jimmy Buffett, who’s still waiting on SBF’s team’s $55,000 Margaritaville bill. Plus, Twitter is relaunching Twitter Blue (for a higher fee). In this episode: Heather Boushey, @hboushey46 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, today on Squawk Pod.
0:08.0	A big week ahead, crypto on the hill, inflation data, and a fresh fed decision.
0:14.5	White House Chief Economist Heather Boucher and the biggest issues on the President's radar.
0:18.7	When you look over the past few decades, the United States has seen labor supply that has not kept up with what has happened in other countries.
0:26.0	Washington is waiting to hear from Embattled Kripo Kid Sam Bankman Freed directly.
0:31.0	Jay Clayton, former head of the SEC, has a preview of the testimony will all be watching.
0:35.8	One of the things that makes you a good witness in front of Congress is whether you're coming
0:40.1	off as authentic or not.
0:42.4	And that is actually a very important part
0:45.4	of preparing for these types of hearings.
0:47.6	Plus, SBF and crew in Margaritaville,
0:50.4	forcing Jimmy Buffett to search for his lost Bill.
0:53.8	Jimmy Buffett confirmed to me that the story is true.
0:56.1	I emailed it yesterday just to ask him about it.
0:58.0	He said, yep, it's true.
1:00.2	All that and the rest of today's stories that got us talking, Janet Yellen on
1:04.0	2023, Twitter Blue 2.0, and Joe Kernan wowed by Apple Pay.
1:09.4	Welcome to 2022.
1:12.0	Whether he's paying for it or not.
1:13.9	I like everybody to be happy.
1:15.9	Yes, smart man.
	...

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