Twitter’s Trend, Rating the Rate Hikes, & A Busted Balloon 02/06/23

Squawk Pod

CNBC

News, Business News, Investing, Business

4.2 • 543 Ratings

🗓️ 6 February 2023

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

A suspected Chinese spy balloon was shot down by the U.S. military over the weekend, as tension between both countries escalates. Member of the Council on Foreign Relations Michelle Caruso-Cabrera and partner at The Rhodium Group Daniel Rosen discuss the geopolitics at play, the repercussions of the incident, and the role the American public played in Washington’s response to the surveillance balloon. As the economy digests January’s blowout January jobs report, Allianz and Gramercy advisor and president of Queens’ College Mohamed El-Erian discusses the Federal Reserve’s 25 basis point rate hike and the rate hikes likely still to come. In a candid conversation, El-Erian offers his own preferred course of action for the central bank, and raises concerns about the long-term implications of the Fed’s suspected strategy. Plus, Elon Musk says Twitter is “trending” to breakeven. In this episode: Michelle Caruso-Cabrera @MCaruso_Cabrera Mohamed El-Erian @elerianm Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squag Pod and I'm C. NBC producer Cameron Costa.
0:08.0	On today's episode,
0:10.0	The Markets Still Digesting Friday's blowout jobs report, the data and the
0:16.2	Fed's rate hiking cycle with economist Mohammed Alarian. The economy is very
0:20.9	strong now and that's why you wanted to get the hikes out of the way.
0:24.0	I worry that we may end up hiking into a weakening economy and that would be unfortunate.
0:29.0	Two global powers, the entire American public and one big balloon. What China's
0:36.2	spy efforts mean for diplomacy with Council on Foreign Relations member
0:40.3	Michelle Caruso Cabrera. We're supposed to be in the middle of a diplomatic reset with China.
0:47.9	If this is how China does a diplomatic reset,
0:51.4	how much can you believe their business reset?
0:55.3	Those conversations plus changes afoot for Twitter and for its leader, Elon Musk.
1:01.6	Did it used to be only people that you follow now that it defaults to for you and it just gives me
1:08.2	stuff that I didn't ask for.
1:10.8	It's Monday February 6th, 2023, and Squack Pod begins right now.
1:16.0	Stand Becky by in three, two, one, queue please.
1:20.0	Good morning everybody. Welcome to Squawk Box here on
1:24.1	cn't BC. We are live from the NASDAQ market site in Times Square. I'm Becky
1:28.2	Quick along with Joe Hermann and Andrew Ross Sorkin and let's take a
1:31.6	look at what's been happening with the USA.
1:35.6	First up today on the podcast, Friday's blowout jobs report reverberating across the economy.
	...

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