UAW Strikes Resolved & Presidential Nominees Nearly Set 10/31/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 31 October 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

After more than six weeks, the United Auto Workers union strikes have finally come to an end, though the tentative agreements must still be ratified by union members. Abroad, the World Bank is warning that oil prices could soar if the Israel-Hamas War expands. Stateside, PIMCO’s Head of US Policy Libby Cantrill is telling her clients that the Presidential nominees are likely already set, and they’re familiar faces for American voters. Plus, an update on the two biggest courtroom dramas this week: Sundar Pichai’s testimony before the DoJ and Sam Bankman-Fried, grilled by prosecutors in his fraud trial. Happy Halloween! Libby Cantrill - 14:17 Kate Rooney - 25:09 In this episode: Kate Rooney, @Kr00ney 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 the NBC producer Katie Kramer.
0:07.0	Today on Squawk Pod.
0:09.0	The UAW's strike wrapped up.
0:12.0	Sean Feynman, he's feeling his oats,
0:14.0	didn't you see him?
0:15.0	Just crowing.
0:16.0	Auto workers got their biggest pay bump in decades,
0:19.0	and carmakers, well, they're still in business.
0:22.0	And the state of play in DC.
0:24.0	We have a speaker of the House
0:26.0	and we probably already have our presidential nominees.
0:29.0	PIMCO's head of U.S. policy, Libby Cantrell.
0:32.0	We've heard from a lot of clients' questions about whether it's going to be Gavin Newsom or Jamie Diamond.
0:36.6	I always have to break it to them.
0:37.8	No, it's not going to be either of those candidates.
0:40.6	Plus, an oil price warning from the World Bank, and never a dull day in the Sam Bankman-freed
0:46.5	saga. Kate Rooney is in the courtroom for his fraud trial and she has all the wild details.
0:52.6	They also had him read aloud some messages where he called
0:55.2	crypto traders, dumb mother effers.
0:58.7	It's Tuesday, October 31st.
1:01.0	Happy Halloween.
	...

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