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Podcast: Squawk Pod
Episode: Barry Sternlicht Takes on the Economy, and Meme Stock Mania Returns 9/29/23
Description: Barry Sternlicht, the hospitality and real estate investor, discusses the risks to the economy from union strikes and the Federal Reserveâs interest rate policy. Washington inches closer to a shutdown as House members have failed to come up with a consensus government funding deal â setting up a busy weekend in the Capitol. GameStop activist Ryan Cohen is becoming the retailerâs CEO, nearly three years after the âMeme Stock Maniaâ showcased individual investors betting on the mall retailer against hedge funds shorting the stock. Author Ben Mezrich remembers fondly the GameStop craze and the story in the new movie âDumb Mo...