Hot Data, Musk’s Endgame, & A Commuter Comeback: “It’s good for society” 9/13/22

Inflation in August rose more than economists were expecting, and the markets are reacting poorly. CNBC’s Steve Liesman, former Acting CEA Chair Tyler Goodspeed, and JPMorgan’s Meera Pandit discuss the repercussions of this data for the Fed’s next rate hikes and the labor market, in September and beyond. Millions of Americans are headed back to in-office work this week, and Walter Isaacson says, it’s about time. The Tulane professor discusses the shift in employer-employee negotiations. Isaacson is also in the middle of writing an Elon Musk biography; he compares this brilliant mind with other brilliant minds, contemporary and historical. He, Joe Kernen, Becky Quick, and Andrew Ross Sorkin consider how the Twitter whistleblower’s testimony will affect Elon Musk’s deal to buy the platform–or rather, his effort to get out of it. Plus, negotiators are trying to avoid a railroad strike. 

In this episode:

Walter Isaacson, @WalterIsaacson

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Steve Liesman, @SteveLiesman

Zach Vallese, @ZachVallese