A suspected Chinese spy balloon was shot down by the U.S. military over the weekend, as tension between both countries escalates. Member of the Council on Foreign Relations Michelle Caruso-Cabrera and partner at The Rhodium Group Daniel Rosen discuss the geopolitics at play, the repercussions of the incident, and the role the American public played in Washington’s response to the surveillance balloon. As the economy digests January’s blowout January jobs report, Allianz and Gramercy advisor and president of Queens’ College Mohamed El-Erian discusses the Federal Reserve’s 25 basis point rate hike and the rate hikes likely still to come. In a candid conversation, El-Erian offers his own preferred course of action for the central bank, and raises concerns about the long-term implications of the Fed’s suspected strategy. Plus, Elon Musk says Twitter is “trending” to breakeven.

In this episode:

Michelle Caruso-Cabrera @MCaruso_Cabrera

Mohamed El-Erian @elerianm

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Cameron Costa, @CameronCostaNY

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Twitter’s Trend, Rating the Rate Hikes, & A Busted Balloon 02/06/23