A Balance of Power: The CCP, Fox Corp, & “Woke” Executives 10/17/22

After President Xi Jinping delivered a speech at the Chinese Communist Party congress over the weekend, leaders and experts around the world are considering what his strategy to maintain power means for the balance of geopolitics around the globe. Member of the Council on Foreign Relations Michelle Caruso-Cabrera discusses the implications of Xi’s speech for the U.S. and for global markets, as well as the next chapter for a U.K. struggling with an energy crisis, falling pound, and leadership transition. Geopolitics have also taken hold in executive boardrooms in the U.S., shifting corporate strategy across industries. NYTimes bestselling author and famed critic of “woke” culture Vivek Ramaswamy argues that ESG initiatives and shareholder capitalism are doing more harm than good; however, Yale’s leadership expert Jeff Sonnenfeld insists that C-suite stances on social justice and the global balance of power are worthwhile. In a heated debate, the two corporate culture pundits spar over the many implications of America’s outspoken companies. Plus, Meta’s metaverse is low on traffic, and reorganizations could be en route for Fox and for Goldman Sachs. In this episode: Michelle Caruso-Cabrera @MCaruso_Cabrera Vivek Ramaswamy, @VivekGRamaswamy Jeff Sonnenfeld, @JeffSonnenfeld Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie