39 min listen
A Swiss Lifeline, the Rate Hike Risk, & Threatening TikTok 03/16/23
FromSquawk Pod
ratings:
Length:
32 minutes
Released:
Mar 16, 2023
Format:
Podcast episode
Description
Credit Suisse gets a lifeline! CNBC’s Geoff Cutmore reports on the Swiss Central Bank’s backstop for banking contagion, and CNBC’s Steve Liesman explores how this week of financial instability affects the chances of another immediate rate hike from the Federal Reserve. Today’s podcast further investigates the shockwaves from the Silicon Valley and Signature bank collapses, first with the congressman who represents Silicon Valley itself: Rep. Ro Khanna (D-CA). Rep. Khanna argues for more banking regulation and considers the culture that could have pushed these banks to the brink. Former 4 star General Stanley McChrystal also unpacks the fallout; in his current role as a CEO consultant, Gen. McChrystal says, the best crisis response is drafted before a crisis even hits. Plus, the US government is threatening action against TikTok, and Virgin Orbit is coming back to earth, and its staff–and stock–are taking a hit. In this episode:Ro Khanna, @RepRoKhannaAndrew Ross Sorkin, @andrewrsorkinKelly Evans, @KellyCNBCSteve Liesman, @steveliesmanGeoff Cutmore, @GeoffCutmoreKlaire Odumody, @klairemarie
Released:
Mar 16, 2023
Format:
Podcast episode
Titles in the series (100)
Kara Swisher on Elon Musk: He’s not bluffing: “I don’t love to compare him to Trump but these techniques…are not dissimilar.” Pivot podcast co-host and Silicon Valley journalist Kara Swisher talks Tesla and says Elon Musk is not bluffing in his threat to relocate his California manufacturing. Musk may be eager to reopen economies and get back to business, but Director of the NIAID Dr. Anthony Fauci is warning the U.S. about the dangers of reopening state economies too soon. Senator Rob Portman (R-OH) discusses his state’s gradual reopening and the House Democrats’ $3T pandemic relief proposal. Plus, CEO of direct-to-consumer online shoe retailer M.Gemi explains how his company is ramping business back up as Italy’s economy reopens and America’s remains largely closed. by Squawk Pod