Flo Rida & Celsius, McCarthy & the House, Wages & the Fed 01/09/23

Rapper Flo Rida is speaking out about his lawsuit against energy drink company Celsius. After a successful partnership, Flo alleges the company breached his endorsement contract. In an interview alongside his attorney John Uustal, Flo Rida explains the value his own brand lent to Celsius, and why, despite the lawsuit, he’s still drinking the product on stage. After a December jobs report buoyed the markets, investors wonder whether the Federal Reserve will slow rate hikes. White House economist Heather Boushey explains the administration’s take on potential recession and President Biden’s plans to ease economic pains for Americans. Plus, the Rep. Kevin McCarthy (R-CA) finally locked his new job as Speaker of the House, and Salesforce is the latest tech company with a round of layoffs. 

 

In this episode:

Flo Rida, @official_flo

Heather Boushey, @hboushey46

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie