Robux, CPI, & US Capital Flows to China 8/10/23

The latest Consumer Price Index shows inflation may have lost a bit of its hold on the U.S. economy. Bank of America’s Liz Everett Krisberg shares results of Bank of America Institute's August Consumer Checkpoint, which reveals a bounceback in consumer spending in July. Virtual game company Roblox reported quarterly results that disappointed investors, but CEO David Baszucki says, the future of communication, play, even advertising–is all in immersive 3D. The ‘Builderman’ himself explains what he’s building in the Roblox metaverse. CNBC’s Eunice Yoon reports on the CCP’s response to President Biden’s executive order limiting US investment in China, and venture capitalist Mitchell Green considers the impact of the new restrictions, both symbolic and real. 

 

Liz Everett Krisberg - 09:55

Mitchell Green - 14:29

Dave Baszucki - 23:20

 

In this episode:

David Baszucki, @DavidBaszucki

Andrew Ross Sorkin, @andrewrsorkin
Kelly Evans, @KellyCNBC

Eunice Yoon, @onlyyoontv

Katie Kramer, @Kramer_Katie