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Starwood Capital’s Barry Sternlicht: Buybacks, Job Cuts, Rate Hikes, & ‘Rich-cession’ 01/26/23

Squawk Pod

English - January 26, 2023 17:33 - 33 minutes - 30.5 MB - ★★★★ - 450 ratings
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Previous Episode: Musk’s Trial, Microsoft’s Guidance, & Mike Pompeo’s Foreign Policy Reflections 01/25/23
Next Episode: Tech’s Troubles: Intel, TikTok, Layoffs, & MSG Security 01/27/23

In an extended interview, Starwood Capital Chairman and CEO Barry Sternlicht offers his outlook on a recession timeline, the Fed’s rate raising playbook, and the U.S. labor market. A real estate and investing mogul, Sternlicht explains what the housing market reveals about America’s economic health. Tesla reported record revenue for the fourth quarter; CNBC’s Phil Lebeau reports the results and shares the highlights from Elon Musk’s comments on the earnings call. Plus, IBM is making job cuts, Chevron is making a big stock buyback, and Donald Trump is back on social media. 

 

In this episode 

Phil Lebeau, @Lebeaucarnews

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie

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