A Swiss Lifeline, the Rate Hike Risk, & Threatening TikTok 03/16/23
Squawk Pod
English - March 16, 2023 16:21 - 31 minutes - 29.3 MB - ★★★★ - 450 ratingsInvesting Business News Business News leadership health entrepreneurship business productivity startups finance interview entrepreneur fitness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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, @RepRoKhanna
Andrew Ross Sorkin, @andrewrsorkin
Kelly Evans, @KellyCNBC
Steve Liesman, @steveliesman
Geoff Cutmore, @GeoffCutmore
Klaire Odumody, @klairemarie