Recession, Recession, Recession? 7/28/22
Squawk Pod28 Heinä 2022

Recession, Recession, Recession? 7/28/22

The Federal Reserve has once again hiked interest rates by 0.75%, but the markets breathed a sigh of relief at the central bank’s signal that the peak hikes might be behind us. Today’s GDP data revealed a second consecutive quarter of contraction in the US economy, which traditionally would constitute a recession; however, Fed Chair Jay Powell does not believe our country to be in a recession, despite the data. He, President Biden, Treasury Secretary Janet Yellen, and other economists are considering a different definition of “recession.” Former Vice Chair of the Fed Roger Ferguson unpacks the latest rate hike and the various components of a true recession. Whether or not we’re in one, consumers are feeling inflation’s squeeze on their wallets. President of Kraft Heinz North America Carlos Abrams-Rivera discusses the pressure on American families in the grocery store, and shares ways he’s hoping to keep mac & cheese and the rest of his portfolio accessible through a downturn. Plus, Meta reported its first ever revenue decline, and Washington is negotiating about a trillion dollars of new spending, including a new chapter of the Build, Back, Better agenda, following Sen. Joe Manchin’s surprising deal on certain key issues for Democrats.



In this episode:

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @Andrewrsorkin

Cameron Costa, @CameronCostaNY


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jaksot(1885)

An “Armada” for Iran & Crypto’s Two Regulators 1/29/26

An “Armada” for Iran & Crypto’s Two Regulators 1/29/26

Meta has reported strong quarterly results, highlighting AI-driven shifts to the company’s business. The SEC and CFTC are hosting a joint conference to underscore collaboration on crypto and the digit...

29 Tammi 28min

Leaders Playbook: Inside Lowe’s 1/28/26

Leaders Playbook: Inside Lowe’s 1/28/26

CNBC Leaders Playbook features candid conversations with the world’s top CEOs and business leaders about how they think, decide, and lead, hosted by CNBC Senior Media & Tech Correspondent Julia Boorst...

28 Tammi 21min

Leaders Playbook: Inside Airbnb 1/28/26

Leaders Playbook: Inside Airbnb 1/28/26

CNBC Leaders Playbook features candid conversations with the world’s top CEOs and business leaders about how they think, decide, and lead, hosted by CNBC Senior Media & Tech Correspondent Julia Boorst...

28 Tammi 21min

NYC Mayor Mamdani & $120 Million for Animal Health 1/28/26

NYC Mayor Mamdani & $120 Million for Animal Health 1/28/26

New York’s new Mayor Zohran Mamdani sits down with Andrew Ross Sorkin for a conversation about taxing the wealthy, preparing for ICE agents in New York, and managing the city’s deficit. Becky Quick si...

28 Tammi 42min

5 Things to Know Before the Opening Bell 1/28/2026

5 Things to Know Before the Opening Bell 1/28/2026

The 5 things to know before the stock market opens today: the Federal Reserve will announce its latest interest rate decision today, Elevance Health stock fell after a Trump administration proposal on...

28 Tammi 1min

Corporate Responses to Minneapolis 1/27/26

Corporate Responses to Minneapolis 1/27/26

New York City Mayor Zohran Mamdani faces his first major test as a massive snowstorm hits the city. Partnership for New York City President and CEO Steven Fulop, in his first TV interview since taking...

27 Tammi 26min

Minneapolis: Officer Training, DHS Funding, & the American Brand 1/26/26

Minneapolis: Officer Training, DHS Funding, & the American Brand 1/26/26

After an ICE officer shot and killed another U.S. citizen in Minneapolis, CEOs of Minnesota-based companies have urged for calm as tensions rise. CNBC’s Eamon Javers reports on the federal, local, and...

26 Tammi 48min

Davos 2026: Binance Founder CZ 1/25/26

Davos 2026: Binance Founder CZ 1/25/26

After serving 4 months in prison and receiving a pardon from President Trump, Binance founder and former CEO Changpeng “CZ” Zhao sits down with Andrew Ross Sorkin at the World Economic Forum in Davos....

25 Tammi 21min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
psykopodiaa-podcast
rss-rahapodi
mimmit-sijoittaa
rss-lahtijat
rahapuhetta
rss-draivi
rss-neuvottelija-sami-miettinen
rss-rahamania
rss-porssipuhetta
rss-bisnesta-bebeja
rss-paasipodi
rss-porssipodi
syo-nuku-saasta
pomojen-suusta
sijoituspodi
juristipodi
rss-paatos-podcast-suomen-kovimmat-paatoksentekijat-2
rss-seuraava-potilas
rss-40-ajatusta-aanesta