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Squawk Pod

Trucker Troubles; Holdings on the Hill; The Consumer Squeeze

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2543 Ratings

🗓️ 11 February 2022

⏱️ 34 minutes

🧾️ Download transcript

Summary

Inflation is squeezing consumer wallets, and it’s likely to soon start affecting the housing market. Becky Quick and Brian Sullivan discuss how the latest inflation data may strongarm the Fed into taking more aggressive economic action than originally planned for 2022. Truckers protesting vaccine mandates on the U.S.-Canada border are disrupting an already fraught auto industry. New York Times columnist Tom Friedman admits their right to protest and underlines his own right to label the activism “selfish.” As states begin to lift mask mandates, Dr. Scott Gottlieb considers the impact of rates of Covid infection. Cases might not decrease as rapidly, but he says they’ll remain on the decline. Plus, Congress is regulating their own portfolios, and Becky’s preparing for an #AskMeAnything interview with Berkshire Hathaway’s Charlie Munger. Submit questions of your own to dailyjournalquestions@cnbc.com! In this episode: Tom Friedman, @tomfriedman Dr. Scott Gottlieb, @ScottGottliebMD Becky Quick, @BeckyQuick Brian Sullivan, @SullyCNBC Katie Kramer, @Kramer_Katie

Transcript

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0:00.0

Bring in show music please.

0:04.0

This is Squawk Pod. I'm C. NBC producer Katie Kramer.

0:08.0

Today on our podcast.

0:09.0

Hot inflation, Fed members hinting at big hikes

0:13.4

while consumers feel the pinch from food to housing.

0:16.2

Becky Quick and Brian Sullivan get into it.

0:18.6

People are cutting corners.

0:19.6

We have a friend who's doing some remodeling now.

0:21.4

Becky, what are they leaving out? Don't worry about the roof, honey.

0:23.7

We don't need that.

0:25.4

We're weighing the COVID risks, still,

0:27.5

the latest on case counts and health policy

0:29.8

with former FDA head Scott Gottley.

0:31.8

This wave has run its course with people unmask a little early

0:34.9

and they start to take more risk, they socialize more.

0:36.8

Perhaps cases won't continue to decline as rapidly,

0:39.8

but they're going to continue to come down.

0:42.2

And truckers protesting vaccine mandates

0:44.9

blocking the US Canada border and driving disruption

0:48.1

for the auto industry, New York Times columnist Tom Friedman.

0:51.5

Right now we have a pandemic of the foolish and the selfish.

0:54.4

I find all this all being done in the name of freedom.

...

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