Vivek Ramaswamy, Labor Day Gas Prices, & Rate Cuts A’Comin’ 08/26/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 26 August 2024

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Former Presidential candidate Vivek Ramaswamy is now a surrogate for the Trump campaign. 70 days before the election, Ramaswamy takes on Democratic nominee Harris’ economic agenda, and calls for her to give an unscripted interview to mainstream media. Ahead of Labor Day, GasBuddy’s head of petroleum analysis Patrick de Haan says fuel prices will likely stay low and get lower by the weekend, in many states below $3 per gallon. Federal Reserve Chair Jay Powell clearly signaled an interest rate cut in 2024, and Kroger and Albertsons are going to court to defend their merger, under FTC scrutiny. Plus, Elon Musk’s SpaceX might step in to help astronauts stranded by Boeing’s Starliner. Vivek Ramaswamy 16:31 Patrick de Haan 31:22 In this episode: Vivek Ramaswamy, @VivekGRamaswamy Leslie Picker, @LesliePicker Mike Santoli, @michaelsantoli Joe Kernen, @JoeSquawk 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 Pod.
0:09.0	Vivek Ramaswami, former presidential candidate turned Trump campaign surrogate,
0:14.0	we're counting down 70 odd days to the election.
0:16.8	He may not agree with the policies, but at least he's given them to you.
0:19.7	And I think American voters deserve the same from Kamala Harris. And Payne at the Pump may be
0:24.6	alleviated this holiday weekend, Gas Buddies Patrick Tahan. We expect by Labor to
0:29.3	another seven-cent drop or so and it gets better. We're already tracking seven states below three
0:34.4	dollars a gallon. Plus a rate hikes time has come. The grocery store merger with
0:39.7	one heck of a shelf life and the Boeing stumble that just may be SpaceX's opportunity.
0:44.8	Elon Musk has some plans for launch just like three a week.
0:48.9	Oh yeah, it's wild.
0:50.0	It's Monday, August 26,, Squack Pod begins right now.
0:54.0	Stand by Joe, and three, two, one.
0:58.0	His mic is here.
0:59.0	Good morning and welcome to Squackbox here on CNBC,
1:02.0	live from the NASDAQ market site in time square.
1:04.5	I'm Joe Kernan along with Leslie Picker and Mike Santoli,
1:08.0	Becky and Andrew are off today.
1:09.5	No big banks, right? You're just here. I'm here to see you that's amazing yeah
1:16.0	that's amazing because normally I'm like oh no it's not that I'm dreading big banks
1:20.3	but there are a lot of it's a lot of really arcane in the weeds
	...

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