Market Momentum & the Largest Profits Ever 8/15/22

Markets are looking less and less like a recession, according to CNBC’s senior economics reporter Steve Liesman. He, Mike Santoli, and Becky Quick explain the rebound in stocks and in jobs data that has assuaged many investor concerns. Former FDA Commissioner Dr. Scott Gottlieb offers a rundown of the latest health news, including the recent discovery of polio in New York City sewage, the CDC’s updated covid guidelines, and national vaccination rates for both viruses. CNBC’s Eamon Javers reports on the alarming backlash against federal law enforcement in the aftermath of the FBI’s Mar-a-Lago search. Plus, China’s economy has hit a speedbump, and oil giant Saudi Aramco has reported record quarterly profits, larger than Apple’s or Exxon Mobil’s.

In this episode:

Dr. Scott Gottlieb, @ScottGottliebMD

Eamon Javers, @EamonJavers

Becky Quick @BeckyQuick

Steve Liesman, @SteveLiesman

Mike Santoli, @michaelsantoli

Cameron Costa, @CameronCostaNY

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