A Poll that Popped Tesla & Data that Pushes the Fed 12/19/22

China has ended its zero-Covid policy, but the government’s data on virus spread there is widely regarded as unreliable. Member of the Council on Foreign Relations Michelle Caruso-Cabrera discusses the geopolitical sea-change underway, as economists await an economic slowdown in China. Another pivotal shift in the works: the Federal Reserve’s commitment to raising interest rates. Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, Cambridge, issues a warning to the Fed and investors worldwide. Plus, Elon Musk polled Twitter, asking whether he should resign as CEO. When the poll closed, users had voted for his resignation from Twitter; while Elon tweeted that he would abide by the results, no official announcements have been made. Loup founder and tech analyst Gene Munster explains why Tesla shareholders were optimistic on the news.  

 

In this episode:

Michelle Caruso-Cabrera @MCaruso_Cabrera

Mohamed El-Erian @elerianm

Gene Munster: @munster_gene

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Katie Kramer, @Kramer_Katie

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