About this episode
Well over 3 weeks into the government shutdown, economists are eager for federal metrics that help paint a picture of our nation’s economy. To that end, the Labor Department brought back some workers from the Bureau of Labor Statistics to release the Consumer Price Index, or CPI . 10 days late, CNBC’s Rick Santelli, Nomura’s David Seif and Richard Bernstein Advisors’s Michael Contopoulos dig into the numbers and what they mean for the data-driven Federal Reserve. It’s the second-longest shutdown in U.S. history, and lawmakers like House Minority Leader Hakeem Jeffries (D-New York) and Senator James Lankford (R-Oklahoma) are standing firm on their respective sides of the standoff. Both explain their perspectives on how the country can move forward. Plus, Target announced it would be laying off about 8% of its corporate workforce, and President Trump says he’s halted trade negotiations with Canada over an Ontario ad featuring President Ronald Reagan criticizing tariffs . Rick Santelli - 17:09 David Seif & Michael Contopoulos - 19:29 Sen. James Lankford - 21:47 Rep. Hakeem Jeffries - 38:26 In this episode: James Lankford, @SenatorLankford Hakeem Jeffries, @RepJeffries Rick Santelli, @RickSantelli Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick 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.