NEW: BMW is building a new, high-end model at its factory in South Carolina aimed at the US market, Chairman Oliver Zipse tells @Lebeaucarnews: https://t.co/A5FF1NQv6l
Squawk Box Thu 26 Aug 2021 10:36- As more American businesses are requiring proof of vaccine, more Chinese counterfeiters are making fake vaccination cards @onlyyoontv reports: https://t.co/BBO7EqkFHO Squawk Box Thu 26 Aug 2021 10:31
- Delta Air Lines becoming the first major company to impose a financial penalty on unvaccinated employees, hitting workers with a $200 monthly health insurance premium increase starting in November. @JoeSquawk and @MelissaLeeCNBC discuss: https://t.co/ge4AAoGelp Squawk Box Thu 26 Aug 2021 10:26
- More #SquawkPod: Vaccine mandates continue to come from employers across a variety of industries. Former EY Chairman and CEO @Mark_Weinberger discusses the risks and nuances of the evolving debate around requiring vaccinations for employees. LISTEN: Link https://t.co/hCVUL0tlwv Squawk Box Thu 26 Aug 2021 00:16
Johnson & Johnson announced that it has enough data to support administering a booster dose of the Covid-19 vaccine. Following the announcement, the CDC tweeted that they need more data and information before recommending a booster dose from J&J. CNBC’s Meg Tirrell reports on the new research supporting the booster. Tim Cook was named CEO of Apple 10 years ago. He took over Apple at a turbulent time when Jobs was battling pancreatic cancer and the company's future seemed uncertain. Toni Sacconaghi, Bernstein senior research analyst and longtime Apple watcher, discusses Apple’s last decade under CEO Tim Cook’s leadership and the company’s legacy. As more and more companies institute a variation of vaccine mandates, former EY Chairman and CEO Mark Weinberger discusses the risks and nuances of requiring vaccinations for employees. Plus, Democrats compromise for Biden’s economic agenda, and meme stock mania is back!
- Today's #SquawkPod: $JNJ announced that it has enough data to support administering a booster dose. But the CDC tweeted that they need more data and information before recommending it. Our @megtirrell CNBC’s Meg Tirrell reports on what's next. LISTEN: Link https://t.co/KNuBMnWcQC Squawk Box Wed 25 Aug 2021 21:11
Johnson & Johnson announced that it has enough data to support administering a booster dose of the Covid-19 vaccine. Following the announcement, the CDC tweeted that they need more data and information before recommending a booster dose from J&J. CNBC’s Meg Tirrell reports on the new research supporting the booster. Tim Cook was named CEO of Apple 10 years ago. He took over Apple at a turbulent time when Jobs was battling pancreatic cancer and the company's future seemed uncertain. Toni Sacconaghi, Bernstein senior research analyst and longtime Apple watcher, discusses Apple’s last decade under CEO Tim Cook’s leadership and the company’s legacy. As more and more companies institute a variation of vaccine mandates, former EY Chairman and CEO Mark Weinberger discusses the risks and nuances of requiring vaccinations for employees. Plus, Democrats compromise for Biden’s economic agenda, and meme stock mania is back!
- "It turned out the very next year he had to pull back three of those rate increases, so now he's saying I made a mistake," says @judyshel on Fed Chair Powell. "He has the wrong prescription because he drew the wrong analytical lesson." https://t.co/oyoBsK2h2q Squawk Box Wed 25 Aug 2021 18:11
- "There is no question that when the Fed can bail out excess spending by purchasing excess debt--they literally tap a keyboard. It is a digital blip. I don't think our founders ever anticipated that government would be in a position to create the money," says @judyshel. https://t.co/aRazr0VAeo Squawk Box Wed 25 Aug 2021 13:15
- "It turned out the very next year he hadn't pulled back three of those rate increases, so now he's saying I made a mistake," says @judyshel on Fed Chair Powell. "He has the wrong prescription because he drew the wrong analytical lesson." https://t.co/NDu6amuTiq Squawk Box Wed 25 Aug 2021 13:10
- "I think he [Fed Chair Powell] is going to be appropriately vague and perfectly non-committal," says @judyshel. "To have markets be so substantially moved by the utterances of a handful of officials at the Federal Reserve I think is no way to run monetary policy." https://t.co/FkkUcHjiCm Squawk Box Wed 25 Aug 2021 12:55
- "They'll probably even get more. The far left is much stronger. You watch Cori Bush, you watch what AOC does. They hold this Democratic Party hostage to their socialist beliefs and they have won time and again," says @GOPLeader on Democratic bills. https://t.co/YKR7YLykTP Squawk Box Wed 25 Aug 2021 12:35
- "When Jay-Z put his crypto punk as his Twitter avatar--one of the kings of culture says I'm going to use a #NFT as my avatar. It should have told everybody to buy #cryptopunks," says @novogratz. "This is a shift culture and I think it is a big, big deal." https://t.co/oK8w0frQ0n Squawk Box Wed 25 Aug 2021 12:30
- "It'll be over my dead body because I'm going to do everything in my power to stop it," says @GOPLeader on if both major Democrat spending priorities get passed in current form. https://t.co/xS6k5LAtQ6 Squawk Box Wed 25 Aug 2021 12:30
- "Anybody under the age of 50 has probably never really felt inflation. The Democrats spending is going to just spark greater inflation," says @GOPLeader. "@JoeBiden says he's bringing America back. He's brought us back to the '70s." https://t.co/LL8ePfOJWe Squawk Box Wed 25 Aug 2021 12:30
- "If somebody is paying 6 figures for the JPEG to some image that I can use on my screen for some reason, why not buy a piece of a company like $AMC or $GME? While wildly perhaps overvalued, it's at least a real company," @michaelsantoli weighs in on the #NFT market: https://t.co/2jCy3Riv91 Squawk Box Wed 25 Aug 2021 12:25
- U.S. Dept of Energy is nearing a deal to purchase a super computer made with chips from $NVDA & $AMD https://t.co/2Es6DMiQIW Squawk Box Wed 25 Aug 2021 12:25
- Today the White House is meeting with CEOs about #cybersecurity and workforce development @eamonjavers reports: https://t.co/T4ty21NgiS Squawk Box Wed 25 Aug 2021 12:20
- "It's almost irresponsible to be a rich guy and be long assets and not have a big fixed income short--that's the real hedge I think ever asset portfolio needs," says @novogratz. "The Fed is going to stop buying $120B a month and I think we could have a big move lower in rates." https://t.co/GiyorRYHsB Squawk Box Wed 25 Aug 2021 12:15
- "I think the government, the Fed, Treasury is playing a really, really dangerous game buying $120B in securities a month and monetizing our debt," says @Novogratz. "It's the most dangerous game I've seen in my career." https://t.co/gmfJG3rXNo Squawk Box Wed 25 Aug 2021 12:10
- "Prices will probably stabilize here a little bit and consolidate," says @Novogratz on #crypto #bitcoin. "My guess is Q4 the S&P has a good quarter and crypto has a good quarter." https://t.co/Ney9XtxaHa Squawk Box Wed 25 Aug 2021 12:10
- "Anybody who comes in and says every employer should mandate because if you don't mandate it's irresponsible, doesn't understand the nuances and risks," says @Mark_Weinberger on if employers should mandate the vaccine for employees. https://t.co/umGd9fQiEH Squawk Box Wed 25 Aug 2021 11:45
- "Over half the employees polled want to have a mandate. But remember 30% or more absolutely do not want a mandate under any circumstance. Even if you want a mandate ... you can't afford to lose those employees who don't want to get the vaccine," says @Mark_Weinberger. https://t.co/UtMdWow3yl Squawk Box Wed 25 Aug 2021 11:40
- Chinese tech stocks rallying as regulators there say the new data rules are not aimed at overseas IPOs. $BABA $JD $DIDI $BIDU @onlyyoontv reports: https://t.co/qLQ0IA8dNn Squawk Box Wed 25 Aug 2021 11:00
- BREAKING: J&J says it has given a booster dose in a small trial 6 months after a single shot of its vaccine and is seeing it produces what it calls a "rapid and robust" in spike binding antibodies @MegTirrell reports: https://t.co/tae27pDkzv Squawk Box Wed 25 Aug 2021 10:55
- "My experience is that once they've taken the vote on the budget, it really becomes very, very difficult to backtrack on your vote ... that is going to be important leverage," says @DonnaFEdwards on what comes next for Democrats in the House. https://t.co/5joSj6Epkb Squawk Box Wed 25 Aug 2021 10:55
- "Those expectations have never fully ratcheted down. I think they're going to start ratcheting down pretty fast. They're not going to get $3.5T. They're probably going to get at least $1T less ... because frankly these are very narrow majorities," says @JimPethokoukis. https://t.co/2qbdAozgjN Squawk Box Wed 25 Aug 2021 10:45
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