Squawk Pod

Sen. John Fetterman, Cooling Inflation, & Consumer Demand 07/11/24

Jul 11, 2024

Sen. John Fetterman discusses Democrat division and Biden's 2024 campaign. Economists analyze inflation impact on Fed rate cut. Bank of America reveals credit card spending decline. Apple EU deal and Pepsi's slowed demand are highlighted.

36:42

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Quick takeaways

Inflation slowdown prompts discussions on Fed's interest rate cut, while consumer demand softens credit card spending.

Senator Fetterman's unwavering support for Biden amidst party division highlights key considerations for backing the current administration.

Deep dives

Economic Insights and Financial Market Trends

Financial markets' future predictions are consistently researched by over 1,400 investment professionals specializing in diverse asset classes. The investment teams offer global and local expertise, shaping the investments of today for future impact. Insights include Pennsylvania Senator John Fetterman's support for President Biden, inflation updates by Wendy Edelberg, and Bank of America's Liz Everett Crisberg discussing labor market slowdown signs.

Intro

2min

Market Performance, Inflation Concerns, and Political Dynamics

13min

Support for President Biden and Sponsorship Shoutout

2min

Support for President Biden and Economic Indicators

11min

Analysis of Consumer Spending Trends and the CPI Data

2min

Consumer Behavior in Travel and Economic Indicators

6min

Debate on the Timing of Fed Rate Cuts and Economic Outlook

3min

Inflation slowed in June! The Labor Department released its monthly consumer price index, a measure of costs of goods and services and a key metric for the Federal Reserve. Two economists, Wendy Edelberg of Brookings and Joe Lavorgna of SMBC Nikko Securities America, discuss what the better-than-expected numbers mean for the Fed’s next interest rate cut. Head of Bank of America Institute Liz Everett Krisberg shares Bank of America’s latest consumer checkpoint, which reveals a softening in credit card spending. Plus, it’s a pivotal week for Democrats, whether they’re supporting President Biden’s bid for a second term, or not. Consistent backer Senator John Fetterman (D-Pennsylvania) discusses division in his party, as well as the Biden 2024 campaign. Plus, Apple reached a deal with EU regulators on its mobile payments network, and North American demand for Pepsi products has slowed down.

Sen. John Fetterman - 15:41

Liz Everett Krisberg - 28:25

Wendy Edelberg & Joe Lavorgna - 35:43

In this episode:

Sen. John Fetterman, @SenFettermanPA

Kelly Evans, @KellyCNBC

Joe Kernen, @JoeSquawk

Katie Kramer,@Kramer_Katie

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Squawk Pod

Sen. John Fetterman, Cooling Inflation, & Consumer Demand 07/11/24

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Economic Insights and Financial Market Trends

Pepsi's Earnings Report and Apple's EU Antitrust Decision

Market Updates and Tech Sector Performance

Senator John Fetterman's Stance on President Biden's Reelection Bid

Remember Everything You Learn from Podcasts