The War on ESG and Apple’s Artificial Intelligence 03/03/23

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 3 March 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Senate voted to overturn a Labor Department rule that permits fiduciary retirement fund managers to consider ESG factors in their investment decisions. The House version of the bill passed with the support of every Republican and one Democrat. Sen. Mike Braun (R-Ind.) discusses the critiques around the bill and how it would play out in real-time. Apple quietly included a new feature on your iPhone called Clean Energy Charging and turned it on by default. Joanna Stern, Wall Street Journal senior personal technology columnist, discusses Apple’s new ‘green charing’ setting, how far away consumers are from full AI-written emails and more. Plus, Congressional Republicans aren’t happy with an SEC effort to rein in crypto platforms and USAA tells employees their remote jobs…are no longer remote. In this episode: Sen. Mike Braun, @SenatorBraun Joanna Stern, @JoannaStern Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick 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 Squackpot, The ESG Debate Brewing in Washington,
0:12.0	one of the senators who led a push against the White House's rules for investing with the environment and communities in mind.
0:18.0	Senator Mike Braun answers our questions about politics and power.
0:22.0	If you've got a donor is trying to shove me one way,
0:25.0	they're going to make any difference anyway.
0:28.0	Apple and AI, the changes your smartphone is making that you may not know about with
0:33.1	Joanna Stern of the Wall Street Journal.
0:35.0	Those that seem very fresh about it rightfully so
0:37.2	or that they had no idea this was now turned on by default.
0:40.1	And that really seems to be the issue here. Plus, the markets wait and see,
0:44.0	rising crypto regulation and remote workers
0:48.0	get ready to hear about a change in plans.
0:50.0	I was hired for one thing and then told it was another thing.
0:52.0	That would be a thing.
0:54.4	It's Friday, March 3rd.
0:57.8	Squackpot begins right now.
1:00.0	Stand Becky by in three, two, one, queue please.
1:04.4	Good morning everybody.
1:05.4	Welcome to Squawk Box here on C.
1:07.4	We're live from the NASDAQ market site in Times Square.
	...

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