TikTok’s Grilling & Europe’s Banking Contagion 03/24/23

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 24 March 2023

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Lawmakers grilled TikTok CEO Shou Zi Chew on data, the platform’s relationship with Chinese owner Bytedance, and content moderation. Stanford University Geopolitics and Technology Adviser Jacob Helberg recaps the vitriol in DC and suggests that TikTok served merely as a placeholder for all Chinese companies operating in the U.S. CNBC’s Steve Kovach explains the stakes for Apple CEO Tim Cook’s trip to China this weekend, in light of the pressure on TikTok on Capitol Hill this week. European banks are fighting contagion; former Federal Reserve official Dino Kos discusses the global rate hikes righting inflation and the pressure on Deutsche Bank, Barclays, Societe Generale, UBS, and others. Squawk makes sense of AT1s, credit default swaps, CDs, and more. Plus, some streaming recommendations for your weekend! In this episode: Steve Kovach, @stevekovach Joe Kernen, @JoeSquawk 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 C. NBC producer Katie Kramer, today on Squawk Pot.
0:08.0	A Capitol Hill grilling.
0:11.0	We commit to keep Tik-Toc you know, a free place for freedom of
0:14.0	expression without any manipulation by any government. Your platform should be banned.
0:19.2	TikTok CEO under fire and the politics at play,
0:23.5	Stanford Tech Advisor Jacob Helberg.
0:25.5	Sometimes hearings turn into public trials
0:28.5	and I think what you saw yesterday
0:30.3	wasn't just a public trial of TikTok,
0:32.3	but it was really a public trial of Chinese
0:34.4	technologies in the U.S.
0:36.9	And Apple, CEO Tim Cook is headed to China, a big trip with a lot at stake,
0:42.8	C. M. C. C. C. C. C. C. C. C. C. C. C. C. C. C. C.
0:47.1	Now they're mad at us for potentially doing it, too.
0:50.3	Plus, you guessed it. More on the banking crisis, stress on the European banks as investors
0:56.7	rush to mitigate risk.
0:58.3	They're all there.
0:59.3	Pick your country.
1:00.3	Yeah, Society General, Banko Bill Bowe, B.
1:03.0	Pereba, Deutsche Bank.
1:05.8	It's March 24th, 2023.
	...

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