Weekend Movies, Tax-Fueled Movers, & “Master Plan 3” 4/6/23

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 6 April 2023

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Macron is meeting President Xi, Speaker Kevin McCarthy (R-CA) is meeting President Tsai, and CNBC’s Eunice Yoon has the pulse of Beijing through it all, on the ground in China. Stateside, high tax states like New York and California are seeing an exodus of residents due to the burden. CNBC’s Robert Frank reports on the money-fueled movers, and former Senator Judd Gregg (R-NH) debates sitting Senator Michael Gianaris (D-NY) about the tax policies and wealth disparities shifting in America. LightShed’s Rich Greenfield offers a sneak peek at the movie and streaming world: a weekend watch list for moviegoers and a “for sale” sign, for moviemakers. Plus, Costco reported lackluster sales, and Tesla has released its “Master Plan 3.” In this episode: Rich Greenfield, @RichLightShed Eunice Yoon @onlyyoontv Robert Frank, @robtfrank Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squack Pod and I'm CMVC producer Cameron Costa.
0:08.0	On today's episode, House Speaker McCarthy meeting with Taiwan's President
0:14.0	Sai, French President Macron meeting China's President Xi
0:18.0	and our own Eunice Yun on the ground in Beijing.
0:21.0	As it's coming at a time when the economy isn't doing particularly well and they have been trying
0:25.2	to drum up business from the US.
0:28.4	And there's a mass exodus out of high-tax states like New York and California, but who's to blame?
0:34.8	Former New Hampshire governor and senator, Judd Gregg says it's all greedy politics.
0:40.1	In our economy, which is based on market, economics people are going to move around
0:45.3	where they can be most productive and most effective in utilizing their dollars in creating
0:50.2	wealth.
0:51.2	Meanwhile, New York Senator Michael Gianores says taxing the wealthy won't force
0:56.2	residents out. We shouldn't be making grand policy decisions based on anecdotal
1:01.5	or instinctive feelings when we had data to look at.
1:04.1	New York is more millionaires today than it had before.
1:06.6	Plus Costco falters, Tesla's master plan three, and what to watch at the box office this holiday weekend with media expert
1:15.1	Rich Greenfield. Individual movies are certainly getting back to levels that we saw
1:20.9	pre- Pandemic. Like there is definitely desire to go to movies
1:24.8	to see great films and I think you're going to see that this weekend. It's April 6th
1:29.2	2023 and Squawkapod begins right now.
1:33.0	Stand Becky by in three, two, one, queue please.
	...

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