The Tee-Up: FTX Hearings, A Fed Decision, & New Inflation Data 12/12/22

It’s a big week for Wall Street! Investors await the Congressional hearings on FTX’s collapse, the Federal Reserve’s next decision on interest rates and the U.S. Bureau of Labor Statistics’ latest inflation data. Ahead of the consumer price index report, White House economist Heather Boushey discusses President Biden’s focus on clean energy, American manufacturing, and the U.S. labor market. As investors brace for testimony from disgraced FTX founder Sam Bankman-Fried, former SEC Chairman Jay Clayton considers what SBF will say to Congress and how he will excuse the leadership that prompted a collapse in crypto. SBF owes money to investors, shareholders, and even Jimmy Buffett, who’s still waiting on SBF’s team’s $55,000 Margaritaville bill. Plus, Twitter is relaunching Twitter Blue (for a higher fee).

 

In this episode:

Heather Boushey, @hboushey46

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.