The TikTok Bill, SOTU, & the Fed’s Next Move 03/08/24

President Biden delivered his State of the Union, addressing the tax code, inflationary pressures, and American unions 8 months before the 2024 election. Axios National Political Correspondent Alex Thompson discusses the speech, the reception on the hill, and the impact it may have on voters. TikTokkers inundated their government representatives with calls this week, as lawmakers voted on legislation targeting the platform’s parent company ByteDance. A House committee unanimously approved a bill aimed at forcing a ByteDance divestiture of TikTok; Representative Cathy McMorris Rodgers (R-Wash.) explains the bill’s intended impact, and characterizes the move as “not a ban.” Plus, the February jobs report came in above expectations, while unemployment ticked up to 3.9%. Former Federal Reserve Vice Chair Roger Ferguson explains how the report is likely to impact the Fed’s interest rate strategy in 2024.

Alex Thompson - 04:29

Rep. Cathy McMorris Rodgers - 19:45

Roger Ferguson - 27:42

In this episode:

Rep. Cathy McMorris Rodgers, @cathymcmorris

Alex Thompson, @AlexThomp

Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Katie Kramer, @Kramer_Katie