Two Courtroom Dramas: Google Search on Trial & Sam Bankman-Fried Makes His Case 10/30/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 30 October 2023

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

The United Auto Workers union has reached a tentative deal with Stallantis. CNBC’s Phil LeBeau reports the details of the deal and the outlook for GM, which is still at the negotiating table. Two courtroom dramas are underway: Alphabet CEO Sundar Pichai is testifying in the DoJ’s antitrust case against Google, and disgraced FTX founder Sam Bankman-Fried is testifying in his own fraud trial. In DC, former White House Chief Technology Officer Aneesh Chopra considers the price of Google search and the many nuances of alleged anticompetitive business. In New York, Puck founding partner Teddy Schleifer has followed the Sam Bankman-Fried case from the beginning, and offers his outlook on the case, the defense, the evidence, and the jury so far. Plus, CNBC’s Eamon Javers has the details on President Biden’s Executive Order on AI, former Vice President Mike Pence has dropped out of the race for President, and a familiar voice made a cameo on the Simpsons! Aneesh Chopra - 16:36 Teddy Schleifer - 24:35 In this episode: Teddy Schleifer, @teddyschleifer Eamon Javers, @EamonJavers Phil Lebeau, @Lebeaucarnews Andrew Ross Sorkin, @andrewrsorkin 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 Pond.
0:08.0	Two down, one to go.
0:10.0	That's where we stand with the UAW.
0:12.0	Automaker Stellantis makes a deal with striking workers.
0:15.0	The White House with an executive order raining in AI.
0:18.0	This is likely to be the most aggressive piece of American regulation
0:22.0	over this fast growing new
0:23.9	industry for some time to come. Courtroom drama on two fronts, Alphabet CEO
0:29.7	Sundar Pichai testifying in a landmark antitrust case,
0:32.8	Anish Chopra, former U.S. Chief Technology Officer,
0:35.8	on the questions raised for Google Search.
0:38.4	They couldn't come at a better time with the advent of AI
0:41.8	to have a new type of search experience appear as a potential
0:45.4	default in our daily lives. And Sam Bankman freed on trial for misuse of
0:50.8	client funds and not doing so hot according to people in the room
0:54.4	like Puck News Teddy Schliefer. Sam has not mounted a credible defense to date.
1:00.0	Plus the rest of today's news that got us squawking.
1:04.0	It's Monday, October 30th, 2023.
1:07.0	Squawk pod begins right now.
1:10.0	Stand back to be by in three, two, one, queue please.
1:15.4	Good morning everybody.
	...

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