Troubles on the Tarmac & Changes in the WWE Ring 01/11/23

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 11 January 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The FAA suffered a computer outage, grounding and delaying thousands of flights across the country. CNBC’s Phil LeBeau discusses the ripple effects of the outage and the ongoing modernization of the airline industry. As the dust settles on the GOP’s hold in Congress, New Hampshire Governor Chris Sununu discusses what’s next for the Republican Party. He addresses revisions to the U.S. tax code, efforts to limit big government, and rumors that he is considering a run for President. Plus, FTX is headed back to bankruptcy court, and World Wrestling Entertainment is reinstating its former CEO, despite his retirement amid allegations of sexual assault. In this episode: Chris Sununu, @GovChrisSununu Phil Lebeau, @Lebeaucarnews Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod.
0:06.0	I'm CNBC producer Zach Valise, today on the podcast.
0:10.0	A major outage at the FAA, thousands of flights are grounded.
0:15.0	C and B. C's Phil LaBoe.
0:17.0	The question becomes now, how long does it take for this to be rebooted
0:21.0	and how long do we see the ripple effects of this.
0:24.0	Massive layoffs hitting Wall Street and Silicon Valley,
0:28.0	Labor consultant Jason Greer on the cuts still coming.
0:31.0	What we unfortunately see for white collar employees is that for the first time and a long time,
0:36.0	they find that they are actually targets of the layoff and it looks like it's not going to stop.
0:40.9	Those stories, plus FTX heads to bankruptcy court, C-SPAN's angling for spicier camera shots in Congress,
0:48.0	and an update in the world of wrestling, changes are afoot for the
0:53.0	WWE, but some of us just can't escape our fate.
0:57.0	Supposedly a fabulous movie coming out.
1:00.0	About wrestling?
1:01.0	With Zach, um, looks so ripped.
1:04.1	Oh yeah Ephraim.
1:05.3	How come I try?
1:06.6	Nothing happens.
1:08.0	It's Wednesday January 11th, 2023.
1:12.4	Squak Pod begins right now.
	...

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