Up in the Air: Media Mergers, Fed Policies, & Apple Watches 12/21/23

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 21 December 2023

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Markets are confused, at least according to some economists. The markets snapped 7 straight weeks of gains this week, as Wall Street interpreted the Federal Reserve’s pivot from hiking rates to cutting them. Chief economics correspondent at The Wall Street Journal Nick Timiraos penned a splashy op-ed pointing to confusion among investors and Fed governors. Elon Musk biographer and Tulane professor Walter Isaacson discusses the billionaire’s tendency to polarize his advertisers and consumers. Plus, Puck’s Matt Belloni discusses Warner Bros. Discovery’s early talks with Paramount Global for a potential merger, and Apple lost a bid to delay an import ban on certain Apple watches, but it’s reportedly gearing up to release its new mixed reality headset. Matt Belloni - 6:48 Nick Timiraos - 16:30 Walter Isaacson - 29:03 In this episode: Nick Timiraos, @NickTimiraos Walter Isaacson, @WalterIsaacson Matthew Belloni,@mattbelloni Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pod.
0:08.0	Market confusion, thanks Jay Powell.
0:12.0	Every time we've asked them if there's coordination,
0:13.4	they always say no, we don't coordinate them.
0:15.6	The Federal Reserve's first fight, inflation.
0:18.3	It's second, managing the interpretation.
0:21.1	Wall Street Journal Chief Economics Correspondent Nickerose, on the post pivot.
0:25.0	In some ways, this is a first-class problem for them to have, because we're talking about
0:29.6	you know, decent growth and lower inflation than the Fed expected.
0:34.0	Love him or hate him, and some advertisers do both.
0:37.0	He's everywhere, Elon Musk, that is.
0:39.0	He's too big to fail.
0:41.0	That's what I've come up with.
0:42.0	He is too big to cancel. That's what I've come up with. He is too big to cancel.
0:44.0	Walter Isakson on the tweeting Tesla Chief and University leadership in crisis.
0:49.0	That's one of the problems we're having with our hair being on fire about everything from college
0:53.8	campuses. Take a breath. These things, there's certain things that are really
0:58.0	bad happening in this world. Under citation is not one of them.
1:01.7	Those stories plus a maybe mega media merger
1:06.0	and the fading fads of tech.
1:08.0	Does anyone use the Oculus anymore?
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.