Squawk on the Street SOTS 2nd Hour: Key Earnings Movers, NYC Comptroller Brad Lander, Plus: Paramount’s New Chairman & CEO 8/8/25
19 snips
Aug 8, 2025 
In this discussion, David Ellison shares insights as the new Chairman and CEO of Paramount Skydance, revealing his bold vision for merging tech with storytelling. Brad Lander, NYC Comptroller, addresses pension fund investments and the city's economic health, emphasizing sustainable growth. Rebecca Patterson offers her expert market analysis, commenting on Bitcoin's rise and the impacts of tariffs on gold prices. Together, they delve into the intersection of innovation, finance, and future strategies impacting New York and media landscape.
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Fed Pick Signals Policy Shift
- Steve Liesman warned Myron's appointment signals risk to Fed independence and a tilt toward tariffs and a weaker dollar.
- Markets reacted with a slightly weaker dollar and higher yields.
Fed Reform Needs Congressional Buy-In
- Steve Liesman said most Fed structural changes would require Congressional action and face legal complexity.
- Some proposals, like taxing foreign bond holders or shifting Fed budget approval, are politically controversial.
Markets Price Fed Independence Risk
- Rebecca Patterson said markets priced the perception that Fed independence could be eroded.
- That perception weakened the dollar and boosted inflation expectations and longer yields.