28 min listen
Fed Tips from the Tetons, A U.S. Trade Trip to China, & Drug Pricing Power in DC 8/28/23
FromSquawk Pod
Fed Tips from the Tetons, A U.S. Trade Trip to China, & Drug Pricing Power in DC 8/28/23
FromSquawk Pod
ratings:
Length:
35 minutes
Released:
Aug 28, 2023
Format:
Podcast episode
Description
The Federal Reserve’s Jackson Hole meeting is over, but chair Jay Powell’s comments there are still echoing through the markets. Allianz Chief Economic Advisor Mohamed El Erian digests Powell’s Wyoming speech, including his comments that inflation is still too high, and his choice to leave the door open for more rate hikes in the future. U.S. Commerce Secretary Gina Raimondo is in China this week, meeting top officials in an effort to pursue a more stable relationship with the CCP. CNBC’s Beijing Bureau Chief Eunice Yoon reports from China on the local response to Sec. Raimondo’s visit, and what Chinese officials expect to get from the meetings. Plus, the Biden administration is poised to negotiate costs of Medicare drugs directly with pharmaceutical companies. Former FDA Commissioner Scott Gottlieb discusses the impact of these negotiations and the complications still ahead to lower prescription prices. Eunice Yoon - 11:46Mohamed El Erian - 17:46Dr. Scott Gottlieb - 28:27 In this episode:Eunice Yoon, @onlyyoontvScott Gottlieb, MD, @ScottGottliebMDMichael Santoli, @michaelsantoliRobert Frank, @robtfrankJoe Kernen, @JoeSquawkKatie Kramer, @Kramer_Katie
Released:
Aug 28, 2023
Format:
Podcast episode
Titles in the series (100)
Unemployment Hits 14.7%; Uber CEO Navigating a Crisis: The historic April jobs report from the U.S. Labor Department revealed the highest level of unemployment since the Great Depression. Market historian and UPenn Wharton Professor Jeremy Siegel shares some context for these numbers, as well as his projections for America post-Covid. Plus, Uber CEO Dara Khosrowshahi explains his plan to support and protect drivers providing essential services during the crisis. by Squawk Pod