US Chips Break New Ground, & Remembering Queen Elizabeth II 9/9/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 9 September 2022

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In Ohio, Intel is breaking ground at the sites of its two new semiconductor factories, marking a major shift in American manufacturing. Intel CEO Pat Gelsinger discusses the pivotal moment for the US chip industry, and why the factories in America’s heartland will boost national security. As the markets await Fed Chair Jay Powell’s next announcement later this month, Becky Quick, Joe Kernen, Andrew Ross Sorkin, and Steve Liesman break down the Fed’s aggressive policies to combat inflation, under Powell and his predecessors. In an extended interview, former Vice Chair of the Federal Reserve Richard Clarida discusses his own role in the Fed’s legacy, the likelihood of imminent recession, and whether the markets should believe in the Fed. Plus, Britain’s longest-serving monarch has died at age 96. We remember the historic reign of Queen Elizabeth II and her seven decades of leadership with former Hearst executive Joanna Coles. In this episode: Joanne Coles, @JoannaColes Pat Gelsinger, @PGelsinger Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Steve Liesman, @SteveLiesman Kristina Partsinevelos, @KristinaParts 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	Failure is not an option to J-Pow.
0:10.0	Sharp words on taming record high inflation from Richard Clarita, former Vice Chair of the Federal Reserve.
0:17.0	I think they're going to 4% hell or high water. Until inflation comes down a lot, the Fed's really a single mandate central bank.
0:23.0	Intel making ground-breaking strides in Ohio.
0:27.0	Let's dig!
0:28.0	Giant semiconductor factories to put America back on the manufacturing map.
0:34.0	Intel CEO Pat Gelsinger.
0:36.0	This is the most important thing for humanity as we go forward.
0:40.0	Everything is becoming digital.
0:41.0	This is so critical not only to our economy but our
0:43.7	national security. And goodbye to a constant on the world stage Britain's
0:48.6	Queen Elizabeth II.
0:50.3	God's favorite king. Joanna Kohl's on the Not say the king, it's great!
0:54.0	Joanna Coles on the Queen's legacy and her successor.
0:57.0	King Charles has had the longest apprenticeship in history for this job,
1:02.0	so I do think he will be a much more capable king than
1:06.4	people perhaps have been expecting. It's Friday, September 9th, 2022, and Squac Pod begins right now.
1:15.0	Stand back you by in three, two, one, fuel brief.
1:19.0	Good morning, everyone.
1:20.0	Welcome to Squacbox here on C.
	...

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.