The Fed’s Cut & An Election Hangover Debate 11/08/24
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Hi, i'm C N, B, C. Producer katy cramer today on squad. What a week the fed cut a key interest rate by twenty five faces points and what would be a major headline takes a backseat to the election hangover.

I think you have to be tropez tive about what's happening in this country.

what's to come in a second tromp administration former presidential candidate and on on trump's orter of rosa I law, a plan on the border crisis.

People who are already in detention, who have not yet even integrated into the communities of this country, who have come even over the course of the last year, twelve months is not a time period for establishing roots, easy case, automatic deportation and .

rebuttals from former trump s staffer. Now on the other side, Anthony's car, moi.

and we're talking about Grace. I would put aside those sorts of things, and I would focus on growing the economy and making people more prosperous.

You might be having similar conversations. We are hitting the emotional core of america's politics, plus the five day a week office, making a comeback of brewing back and forth between the president elect and the fed chief he hired. And yet it's the economy.

Thought of recession was going to happen two years ago for sure, and IT didn't. Aren't we? Two years closer to one actually coming around?

It's friday, november eight, twenty, twenty four squared begins right now.

Stand by and three, two, one, two, ander. Good morning with the squad box right here on c. nbc.

On this friday morning, we alive at the aztec market, said in times square, Andrea is working along with joe carnon and Becky quick, who is off today. Yes, right. I was so used to sing .

and Becky away, and I I myself .

and she's off today. I feel her presence. You feel her presence always.

So she's not here physically might be able to get her to call in. Although I what planned, he may not want to do that. May the .

downing S M, P, five hundred are each up four percent of the week. And you know, this is one of those moments when safe. You're not in the market, right? Those days.

You remove those days, the biggest loser days and the biggest gainer days, and you're nowhere reminder today. Keep talking about the door Jones dust rial average. It's different today in video and showing Williams replacing intel and dw ink and IT is effective for today's session. So when IT starts not third this morning, those guys are in, the other guys are out meantime with you treasurer yields, that's been one one piece of the puzzle we've been trying to understand and whether the bond vigilantes are going to a ultimately come for us. Uh, the ten you note four point two nine eight at the two year treasury at that four point one seven.

I will talk all about interest rates in all kinds of things for some reason I it's going up yeah I think that I hope in video is not an allegory for the entire market and room by that I mean, here we are getting at three trillion.

It's made unbelievable .

moves as it's going to go to sixteen. IT might IT might. We don't know with A I there's a lot of but then again, there's plenty room if there's competition or if it's not quite as as exit if the future I guess that the future is bright for AI, you can't discount that. But here we are in the past when it's happened, the stocks of the company is of continue do well like apple.

I've got this like is just in the market for the first time and the only yeah but it's most people.

I think if the world but if IT just stays where IT is, it's be achieved if IT goes down, you know, every point that takes off that I guess, you know what I am worried about the entire plan scape from here. There's some, some city and you've talked about how if elan must does do what you want to do, there will be, you know, there will be pain.

I don't got to be along the way and you got to hope that it's good on the other end.

But yes, but there has been a recession in a long time, backed up a lot of debt, boast administrations and not blame either one. But that's gotto be dealt with. I just think we wait, if we thought of recession was going to happen two years ago for sure, and IT didn't, aren't we? Two years closer to one actually coming round.

usually always yes OK. And when you're change and even thing your trump comes and it's gonna .

these things that maybe your good long term terris trying to bring manufacturing home.

Today, the fmc decided to take another step in reducing the degree of policy restraint by lowering our policy interest rate backward percentage point. We continue to be confident that with an appropriate requalification of our policy stance, strength in the economy and the labor market can be maintained with inflation moving sustainably. Down to two percent .

was a fed J. J. pow. Outlining the ration after yesterday's corner point rate cut. Power was also asked about the possibility and legality of being fired by president trump. T, who initially appointed him to the job.

Some of the president, alex advisers have suggested that you should resign. Um if he asked you to leave, would you go?

no.

Can you follow up on that? Is if do you think that legally he did are not required to leave?

No, you believe the president .

has the power to fire or demote you and IT has the fed determined the illegality of a president demoting at will any of the other governors with leadership .

positions not promoted into law, not let, not permitted under the law?

Let's get to our senior economic porter, Steve basement, with more on the fed decision on cheer pills comment as a ten year, his tick tire hasn't that tighten conditions instead of loosening ing conditions a little bit, even more gage rates gone up. Steve, it's also hard understand and it's perverse.

That's exactly what I asked power yesterday, whether I think an against IT he was like way wow.

I hesitate to say great minds because this might be all agreeing on it's a my mal joe.

it's what's going on. But let me go through the basics and what happened them will get back to this question here. So they cut, raised by a quarter as expecting them to four sixty three.

And they did suggest more to come venture. J. S, that the central bank was on a core towards neutral, but in no particular hurry to get there. He tried to present this status school policy, other, because if nothing had changed even, well, of course, much has changed with the presidency, elections for a trump presidency, promises of the actually different fiscal regime. I respond to that the fed would essentially take IT .

as IT comes course. The real question is not the effect of that law, it's all of the policy changes are happening. What's the net effect and the overall effect on the economy of the given time. So I think that's a that's a process that takes a lot of time and that we go through all the time with every administration constantly. And I just this will be no difference.

Futures market is ended up a bit more duv in their outlook than they started before the meeting, probably for rate cut, december ninety two percent that IT goes thirty eight percent for january and back up to seventy eight percent for march twenty five, march twenty twenty five. And then you have these higher yields already and higher socks. The result, I think, the market and the feds own.

Now look one more closely alive now. So the market has next year, one less rate cut built in, appear to the fence to team projects as you. So we just watch that.

That's not a big view. It's interesting. The market came to where the fed was even before what happened with the with the presidential election. So I don't know, joe. It's very weird. It's very weird because the stock market rising is a Lucy of conditions, bony's ds rising is a tightening of conditions, I don't know to them to which they offset. Obviously, they offset all things being equal in favor of equity financing more than they do debt financing.

Alright, that do you want to do worst case scenarios first or best case scenario first for for what happens now, which would you want to do? Tell me which one tell .

you and what happened .

with the policies we don't do the worst case scenario first, tariff s and other policies cause some a reflation and um immediately trying to pair down the government and not spending much causes a slowdown. So we go into a stag stag flag. What's the fed supposed to do?

That happens you, I, anna, give some advice to the trump administration.

You're ready. Uh.

you can do you. And I said this when he did salt, you can do big changes and the american economy can adapt, but it's important to give business a runway OK. In other words, let business let consumers adapt.

And and that's really a big answer to my question to your question, you, which is tell me how it's implemented. Tell me how big IT is if he wants to put tariff on. okay. Maybe what you say is over the course of a two year period, we're going to have a rising tariff rate that will try to induce and incentivize companies .

to bring back manufacturing to him that you're my best gradual and you just do terrible like that. And let's say that the in terms of deregulation, in cutting spending and shrinking the government, let's say that all becomes actually growth or IT. So you don't get the inflation and you actually have more growth than what does the fed do. So either way, I I mean, I can see I can see you I got into the the best case in area why you're explain what to do to avoid the worst, right? right?

exactly. Look, I don't know. I think the fed has to stand back.

And I think terrace overall are very, very harmful to the global economy. I think they are ultimately mal to the U. S.

economy. So if I could just tell you one thing, I was in russia, all the products there absolutely sucked, right? yes.

And I always wondered, did they suck because of communism, which took away the profit incentive, or did they suck because of protectionism, which took away any incentive? One of the things that imports due to the U. S. Economy and to all economies is that create competition. If you close the borders, you have all these shiny products in, one of them will work you .

ever been to boot.

Pest, I have not.

I think that you would probably thought so. Beautiful renaissance chieko, right next to something that looks like the worst prison, and it's like an office building. And right next .

they should. The four comes, came in, the .

comments came in and and everything IT built looks just af. It's a blight on all the ark and and right next. So IT is this beautiful european everywhere.

And it's very strange, very much like perfect. Just opposition of communism versus freedom in capitalism? Oh, thank you.

exactly. Thanks, thanks. Thank you. I hope you're ready for this next one. So can I get so many things to say about this? And president elect trump has named susie wiles as chief of staffs, has been running trumps political Operation for the last four years.

She's going to be the first woman ever to be chief of staff. In a statement, trump said, susie, tough, smart, innovative and univerSally admired and respected. And I saw a lot of positive comments from democrats who works across the world.

If you look behind, if you you pull back, the curtain sheet is reportedly the person who has maybe tempered some of trump's worst impulses during the campaign and ran the most disciplined campaign. I guess he did have at least one strong woman. I don't know.

Mark cuban maybe didn't see this woman, didn't know he was around, but if SHE deserves IT apparently past summer ols daughter, now remember now, pat summer, all member, here's an arcane l razer back actually played with the decorate lines, and they want a championships. So I think I was I was like to fifty I think like the last time maybe the lions did but yeah maybe other room knows. But there's also how many chief of deaths ended badly in the first.

You you've mentioned a lot. You've quoted a lot, quoted a lot of a look, you've quote a john Kelly. I think you actually played some recordings of .

john Kelly and said, if in fact, he is the one who was responsible for .

the strategy that left is when great campaign, obviously.

this is one of the campaign for the ages.

Shea, he is tough. He is tough and is back to no strong woman who gas a great comment. We haven't seen much of him since ah that comment I think but we'll see the mooch .

today you are in the world yeah the today we discuss what's happened and where things are headed.

But he's on with the c, which is even Better. IT is even Better because .

we can actually hear from both sides and we can hear where where, where they can find some common ground. You know, though I say this to you on wednesday.

you going if you read the notes about what much is going to say.

but we are going to figure out away as a country. We're going to have to even the even folks who are frustrated and they did this was not their choice that we are we are four years and we're going to I I I know you think i'm crazy.

N T, you you might be OK. You've been going alright. Jimmy kim is not doing .

all right.

people.

And i'm sure there are lots of people who feel rustrained and and put a lot of their efforts into with the other candidate. There's no question, jose, right? You know what?

He's smile and and laugh.

I think he's happy. I know for those folks who feel vindicated, who won. Other thing that in company, I would also argue upon them, is to try to embrace those on the other side who didn't win, who may feel that way. I think it's .

important. Honey, moon over. I'm IT is i'm already morning.

No, i'm already seeing the same old to i'm already seeing the same. We're going to hear IT for four years. We're going to hear how bad he is again.

Then there's one day where all the sand get seventy three million votes and every one says, wow, maybe we didn't understand the actual mood of the country. And it's like a wake. I are Better than you. I think you have .

to be expecting what time is. No, there's no question. And I there's a lots of reasons that the outcome landed the way I did. And there are people who are frustrated, like the ones you referred to, and there are people who are vindicated and very happy, like you may very well be. But my only point is if we don't at least try to come together and and those who are ve indicated feel like they can, they try to embrace those who feel indicated.

You putting onus on on sore winner is the sore losers.

But go and it's also in coming upon the losers to be dressed active enough themselves to say, okay, how can we make this work? Take to the whole point OK.

let's watch out works. And I will point out when I unhappy with the return petite s and then you can be unhappy when .

you see people glowing. I.

was that what I know. Do you know that the terms are already putting us into session with you know with globe, you take out the l do you know what you get 豆浆？

Cheese will be next coming up on spot.

Americans seem to vote with their hearts, and emotions run high throughout an election process. Our next conversation is no different, and IT might even be hard to listen to. It's authentic and maybe reflects discussions in your own life. One of our guests used to be on donal trumps team, perhaps infamous ously Anthony su chi, and the other is currently in donal trumps camp.

the vagrom swim. Don't want those pain promises for the film.

I disagree.

respectful, despite stark and vivid feelings this election and in the days after swanki ROM swam, can agree on one thing.

We lost the one, but it's america.

In my advice to our fellow republicans is that after, yes, we won and one decisively, we're done criticizing commoner's or joe biden or the past.

Cnbc has quick and easy to understand business news updates at the open midday and close every weekday, markets, money and more from wall street to main street. I, C, N, B, C, Jessica, adding a follow and listen to C, C, business news updates wherever you get your podcasts.

You are listening to school pod bringing you the best, most important conversations from cnbc school box today with joe carnon and Andrew ross sorkin. Here's Andrew now for .

a look at expections for a second trump term plus bitcoin and so much more when to bring and strive asset management cofounder that ROM swami and sky bridge capital founder and managing partner Anthony y sky muti. You want to thank both of you for joining us a lot to discuss um before we even get in to sort of the economics of where this goes. Just I want to actually go to Anthony and I know that uh you've been outspoken throughout the campaign um and uh ultimately were on the losing end of IT and and just wanted to get your reaction to IT.

Well first of uh congratulate lations the vivid in the team. I mean, they had an unbelievably well executed campaign and also sue wong, somebody I know a very long time. Congratulations to her on being the chief of staff.

Sten, we lost the one but in america. And one of the things I like about the deck is that he is an american and he wants to unify people. So i'm hoping this will be that type of discussion.

You know, there were certain things that happened in that campaign, Andrew, that i'm not in love with. There was a course ness to some of the rhetoric. c. There was some threatening suggestions to people related to being political adversary and so on and so forth. And I hope we can put that aside and we can move forward and think about what we're gona do as a country to unify the country and make the people in the country, particularly the lower and middle income people .

in the country, more prosperous. The got heated everywhere. You got pretty here, Anthony. And how .

did I get heated?

What did I say you about trump?

What did I say? I said, i've repeated what he was said. I said, this is wrong.

You have, you have. I've had an other disdain for trump. You will always be welcome at the table of legacy media and have people nodding as you trust trump. It's always going to happen.

But aren't you the slater bit embarrassed, at least tumbled about how wrong you were, about the feeling of most americans will be finish and for enthusiastically supporting a candidate who a majority of people thought he had no business being anywhere near the evolves. And you're republican and you saw that all the different policies that he was talking about, our an anthem to what you thought your whole life, and yet you went along with that. Do you ever eat any crow or not? Even even a little show, a little cape on.

And Michael van, I could still be on A T. V. And trump always find a place on TV.

If he wasn't in prison, he's still beyond CNN. We running for president with brian's filter. Just give me a little bit, get little bit, Anthony, about how wrong you are.

So first of all, I immediately put out of a congratulatory ory tree. They won. We lost in the mortal words, a barrier dealer when he'd lost a paramon deal next year. What would you .

like me to do? Do you want to get ended before.

you know, I just start. We have a violent disagreement about lots of things related to trumps personality. You like trump.

I was sa cup close to trump. I got to see the ugly as of what he is. And by the way, jose, not just me, there were forty of us here.

the president, people. I think it's been very good for you. I think he's been very good for your career, Anthony, and he'd been incredibly good.

You're here, are you not? And you're going to be welcome anywhere you want to go. And you've been very good for you and you be able to live off this for another four years.

So why did you calm down to why did you come down a secretary? We know each other a long time. Are you saying that you and I can't disagree on somebody y's personality is ever .

you're said .

and and you're saying and you're saying what i'm saying in terms of identifying those features and traits of the personality, you don't see those two, but you're choosing to ignore them.

I guess seventy five million people looked at everything you looked at and decided .

that there were other things that ty seven america, that's what makes amErica job. But you but you're saying to me that stuff that I was saying wasn't actually true if somebody is saying they're going to use the american militaries to go after their political adversaries and I say, jeez, that sounds very on american .

to somebody like me. Let me just take a moment to say this was a decisive win, right? Put something .

with republican or democrat. This is the first time of, and I can just so so I think .

this .

is useful in one way.

which is we've had a heated year to half headed into this election. And right now, in these few days afterwards, this process, what happened? OK, you have every county that joe biden performed well in, every county across the country, there was not one which come harder, Better.

Now this is not a dunk on the other side. What i'm in this to say is that that decision of when gives us an opportunity as a country. And my advice to our fellow republicans is that after, yes, we want, and one decisively, we're done criticising commoner or joe biden or the past.

Let's turn the page to chase the future. One of the things I loved about Donald trumps of Victory speech, and I was personally there, was beginning to talk about this golden age in america. I think everyone who wants that goldman age, a growing economy and immigration system that works.

We now have an electoral Mandate to deliver IT. And so the republicans might ask is, you know what? Let's put aside our own sense of grievances, revenue or whatever we want. Let's use IT or run into something.

And I ask the democrats into those in the left who may not have like donal trump and may not like him still, is to say, to give a chance and give us a chance to say that, you know what, we have a chance to unite this country in a way that we have not in a very long time. Most people favorite economic growth. Most people want to pay lower taxes.

Most people want an american dream for their kids in an immigration system that works and secure borders for our country, and don't want their kids lining up to fight in the world war three. That's the opportunity that we have. And I think it's a generational opportunity that we shouldn't square. And so know even to those who disagreed, my ask is give us a chance and we're going to do our part by exhibiting, I hope, some Grace to the people who we believe we're wrong, but moving this country .

forward that what .

we're looking .

to do say no. But I just want them to suggest I appreciate the point about the Grace yeah but not only .

do I agree with vivid about all of that, the only thing that I would say to vivid and the truth, people just be very careful, uh, setting up deportation camps and deportation centers that would get people on sixty minutes talking about rounding up all the family members. There are all people making suggestions that they are gonna, uh, renounce birthright citizens for, uh, moms that are illegal, where the child was more n in the united states.

I would just say, listen, if we're talking about Grace, I would put aside those sorts of things, and I would focus on growing the economy and making people more prosperous. You know, if joe has an issue, if joe has an issue, me, that's fine. But let's look at the video tape of what the president elect was saying during the campaign, and let you and I sit down and go over that tape. And joe will tell me .

what he likes about some of that rhetoric OK. Forget the tape of the past. Let's talk about some healthy debates in areas where .

the agreements with, let's not fully those I make the point. We don't want those kind of campaign promise. I we're gonna use the sa a little like view you let me your view.

I hear you let me let me lay out the alternative case for you, which is on the case of mass deportations and securing the border. Here is the basic premise. If you're first act of entering the united states of amErica violated the law, if you lied to the U.

S. Government to enter, then he broke the law. And where a nation founded on the rule of law that is separate from our attitude towards legal immigration, which needs some serious reform to benefit this country.

But I do think that that is a campaign promise that is worth keeping, even looking at smart things we can do out of the gate for voluntary deportations, you could self deportation and the incentives stop funding sancy cities and the usage of the welfare state by anybody who entered this country illegally and government benefits for somebody who broke the law and entering this country. We're gona see a large wave of self deportations from those steps alone. A lot of still in detention, if I think that's .

the question in terms of also healing the country, right? As as Anthony said, there's still sixty seven million people who voted on the other end. And the question, how do you actually bring those people together? And I think there is a level of a question about what kind of Grace goes into how how the immigration piece of this is solved.

And that's not to say that he doesn't need to be solved, that one hundred percent needs to be solved. That needs to be solved quickly. But all of those edge cases cannot be done with Grace, right?

I think that's a real question. You know we learned during the campaign. Um and by the way, i'm so glad that this guy is in this country and and is here now and is hopefully to do great things for this country.

I'm back to talking about iron mosque, but you know there were questions about his immigration status at one point. And so the point is how we can do this in a way that actually benefits the country and that people feel good about IT. And I think the important point about this honeymoon period, if there is one at all, is to do IT in a way where everybody is brought together and with this administration and to also not the little.

And i'm not suggesting you are at all, but to belittle those who may have questions and may care deeply about trying to hold a Frankly accountable for what they are saying. And I don't think that much. As for absolutely entered a few things.

First of all, I will never believe those who ask questions to the country. We're going to be the best version of ourselves when we have open debate question on the question of Grace, which I agree is an important part of moving this country forward. Let's be more specific about to whom that Grace is old, and I have a view on that.

That is to americans who already live here, the sixty seven million people who voted in this election. Let's hope that didn't include too many illegal immigrants to this country, but to the people who legally voted as citizens of this country in the election, even on the other side, that's the people to whom we owe Grace. So on the question of immigration here, I think first principles could be a good place to start.

Think about your country like a body. No migration without consent. Consent should only be granted and should be granted to migrants who benefit america, but those who enter without consent must be removed.

I think those are fair principles that most americans actually agree with. Now actually look upon IT. Well, if I, if I may just finish on the how practical I believe that is, remain mexico was the law of the land when trump was president.

Courts have actually held that IT is still the law of the land right now under joe biden. And coal herri s IT just isn't being enforced. You have millions of migrants who are already in detention. Anyone who's committed a crime after coming here, automatic deportation. Anybody who violated the law, they are here, automatic deportation.

People who are already in detention, who have not yet even integrated into the communities of this country, who have come even over the course of the last year twelve months, is not a time period for establishing roots. Easy case, automatic deportation. The question of birthright de citizenship, because this is one of the most controversial, and you brought me up.

So I want to go to the controversial case here. The kid of an illegal born in this country should not automatically enjoy birthright citizenship, just as the kid of a mexican diplomat who's here legally in the country. If he was a kid on the soil, the united states, that he doesn't enjoy birthright ship, no one thinks he does the fourteen, the mendon is clear on that.

The same goes for somebody who intentionally entered this country illegally, bore that purpose. And so, yes, some of this is gonna Spark some serious debate. We should have .

the devil s but .

I do think the indoors, I think we ragna ticket, and in a principled way, in a way that respects people, actually says that if you're going to come to this country legally and you're going to make contributions to this country in integrate, that the united states of amErica is at our best, and we've always been. But that is separate from really prioritizing those who have entered the country illegally, exploited our welfare state, I believe, before able to do this in a principled way that respects basic human dignity, but above all the citizens of this country. That's the kind of Grace I want to see for all americans and actually respect their interest whether or not they voted for us.

When not this quickly, we're going to a night, me on her hand, you get to talk about the practicality of all this. When that stuff goes down, we have a lot of people, this country, that want to stay in this country, and the law biting, taxpaying people that are in this country. Okay, and this this country does stand for something.

Okay, you know that that statute liberty stands for something. Now, vivid wants to say, well, there's a different between illegal and legal. And I respect that, I understand that. But if you want to put in place a system, let's say we have ten million people in the country that are here illegally and let's let's just stipulate that for this discussion, if you want to put in place a system that remove those people, you're going to terrorize the rest of the people in the country. Is not necessarily y to do that.

And then let me just be very specific and find some common ground.

Let me just get me some point .

i'll get. I think you and I want to use this to be useful here establishing. And do you believe that somebody has entered this country, even in the last six months, whose in detention should be returned to their country of virgin?

I do. Do you believe somebody commit a crime while they're been in this country should instantly be deported to their country origin? I do indeed you also believe that we should not be giving out welfare benefits to anybody who's actually entered this country illegally. Government benefits of any kind I do. And if we take care of those things instead funding century cities, I think we're already going to have made a meaningful .

leaf on addressing this rational way.

And I I want unfortunate I 哦， vivid and congratulations on the win. But the way he's explaining IT is too simplistic. And as vivid c knows, trump one, president trump one on feeling and emotion and the culture and the democrat are going to have the exam and what they did to lose, even though even the catholic vote trump on the catholic vote.

And i'm just telling you, this is a type of thing that will inspire fear in people. It'll tip us into a recession, reduce our tax revenues and by the way, a lot of the people that are here, if we figured out a pathway to citizenship for them, look like the rest of the country. Our good majority of them are gona vote republican.

Some will vote democrat. Uh, and you know, all say something. I'll finished this to one thing, the best among us choose not to judge human frailty.

So horses, we should figure how to pass for these people. I'm telling you, they help america. Most of them do the ones of vivid talking about. They're doing illegal things. Totally understand that, but there's a lot of little biting people here .

that are paying tax. We got to ended IT was a great discussion.

I hope we can do IT again. Like trump, joe.

more school pot is right ahead. Like work from home fridays, maybe on the way out will be right back.

Cnbc has quick and easy to understand business news updates at the open midday and close every weekday, markets, money and more from wall street to main street. I C N B C, Jessica adding to follow and listen to C N B C business news updates wherever you get your podcasts.

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we've got a story for your .

employees at the washington post. They are being ordered back to the office five days a week, five days a week, just like us here. Here, the desk, according to a memo to employees, to managers, they have to comply with the policy by baby very third um and then some others june second see you've got some time folks um the new policy at the jeff baza zed company mirrors similar in office Mandates tes amazon workers though I think this was a very different and distinct policy. The memo was met with disapproval apparently from the washing post gilled, an employer union that called the policy inflexible and outdated so the debate about where to do the work but will Lewis, the the head of the washing post, said, look at how inspired they were beating the staff was when they were all in the office the night of the election. And that's what they were making the argument .

to till the results .

start to cover IT. No, no. But things when .

you're in an office, the world in a business like that, remote work is fine. And I actually think maybe even Better since the group thing so pervasive at the washington post, you wouldn't have to be there to hear. You can be out on your own and and maybe come to some different conclusions. So and you don't need to be in an office setting at a place like the wash. You don't need to be IT where as other places.

you really depends what the business we take deep work you're actually like doing writing and stuff sometimes is Better. And look, the joke is, if you are a sales person and about possibly a reporter, I mean, when I was Young, I remember if you were in the when, when, when I was Young, you were in the new Young. There was an editor that used to walk around and say, what are you doing here? There's no news inside the building. And I remember that, and I also remember a very similar phrase with some ad sales people, one point where someone said there's no money here, like go go out in you write of your sales person or a reporter or people that have to be out and about being in the office is a different thing, right? Depends.

depends with the gigas does. And I mean, I remember red when you are tell a mark, I don't know what you call a stock broker. Well, when you went to those guys, you're making calls in the office to set up going out to see people that try and get in this kind usually.

Well, as you work for a new report in the organ in says intel plans to bring back free coffee and tea at its working sites and that's a part that was eliminated during around of cost cutting. Last hour in an internal memo of the company said, we understand that small comforts play a significant role in our daily routines. The company did not resume offering free fruit, another perk, uh, that was eliminated last summer, and we're going to update this story as important as IT is if we get any other details.

And joe, I have some news for you. Tell me, I know you don't always agree with my politics. No, but apparently a in the great county of bergen county, new york, new jersey.

Rather, there's a list of folks who have been written in for the presidential election. And yours truly, Andrew sorkin was one of the riders in burger county. I don't know who that person was. I want to thank them for your vote. I like.

appreciated very, very much. The couple man said mitt romney, i'd much Better have a weekend, everybody.

That's the pod for today and for the week we made IT maybe one step closer to A R S. Twenty twenty eight. Take a rest this weekend.

Log up for a bit. I mean, keep downadup podcasts. Listen whenever you want. Squad box is hosted by joe carnon becket quick and Andrew ross sorkin were on T, V, weekday mornings on C, N, B, C, at sixty turn. And we're in your ears anytime in this podcast. Please follow quake pod tea friend to follow to will me you back here on monday? Have a good weekend.

We are .

clear.

Thanks guys.

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