37 min listen
Another Hike, Congressional Stock Trading, & Clothing Labor in China 05/04/23
FromSquawk Pod
ratings:
Length:
29 minutes
Released:
May 4, 2023
Format:
Podcast episode
Description
The Fed has hiked rates again. Chair Jerome Powell announced the quarter point increase and suggested a pause in the tightening cycle may be coming soon. CNBC’s Steve Liesman discusses the hike and the Fed’s response to the banking crisis. Representatives Mike Gallagher (R-WI) and Raja Krishnamoorthi (D-IL) discuss the letter from their House Select Committee on China to companies including Temu, Shein, and Nike. The two lawmakers have spearheaded a request for information from these companies amid concerns that products leaving China have come from forced Uighur labor. New York Times journalist Kate Kelly discusses the potential conflicts of interest between members of Congress and their stock portfolios. Plus, Paramount Global stock took a hit, and Google CEO Sundar Pichai’s payday has prompted grumblings within his company. In this episode:Kate Kelly @katekellySteve Liesman, @steveliesmanJoe Kernen, @JoeSquawkMelissa Lee, @MelissaLeeCNBCCameron Costa, @CameronCostaNY
Released:
May 4, 2023
Format:
Podcast episode
Titles in the series (100)
Paul Tudor Jones: America’s Love of Freedom, Its Greatest Strength & Greatest Weakness: Hedge fund titan and Robin Hood founder Paul Tudor Jones weighs in on the markets, the American spirit, and charity amid the pandemic. Tonight’s Robin Hood Foundation Annual Benefit will be hosted virtually by Tina Fey. Dr. Scott Gottlieb explains the recently approved antigen test that identifies asymptomatic Covid carriers. PayPal CEO Dan Schulman shares how his platform is monitoring and accommodating shifting consumer behavior during the pandemic. Plus, Elon Musk’s busy weekend: filing a lawsuit against a California county and celebrating his partner Grimes’ first Mother’s Day with X Æ A-12. by Squawk Pod