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U.S. Oil Buys & Home Depot’s Demand Problem 5/16/23

Squawk Pod

English - May 16, 2023 16:40 - 32 minutes - 30 MB - ★★★★ - 450 ratings
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Previous Episode: Paul Tudor Jones: “Fed could declare victory over inflation now” 5/15/23
Next Episode: SI Cover Model Martha Stewart, House Speaker Kevin McCarthy, & House Minority Leader Hakeem Jeffries 5/17/23

In DC, the Senate Banking Committee is prepared to hear testimony from former Silicon Valley Bank and Signature Bank executives. Senator J.D. Vance (R-OH) shares his concerns about regulator oversight in the regional banking crisis, and he weighs in on the debt ceiling showdown. White House energy advisor Amos Hochstein discusses the administration’s newly announced plans to buy three million barrels of oil to replenish the U.S. Strategic Petroleum Reserve. Plus, the U.S. Virgin Islands issued a subpoena to Elon Musk in connection with the Jeffrey Epstein lawsuit, and Home Depot’s rough quarter is weighing on the Dow. 

 

In this episode:

Amos Hochstein @AmosHochstein 

Sen. J.D. Vance, @JDVance1

Eamon Javers, @EamonJavers

Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie

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