CEO Confidence, The Rally’s Longevity, & Elon Musk’s Hot (and Unpopular) Take 10/4/22

After a bright start to the fourth quarter, Joe, Becky, and Andrew consider what’s driving the rally, whether it will last, and what the Fed might do in response. In KPMG’s new CEO survey, almost all 400 leaders included, the vast majority of them (91%) are expecting a recession in the next year, but even more of them (93%) are confident in the growth prospects for the U.S. economy. KPMG Chair and CEO Paul Knopp discusses the survey findings, including the biggest concerns weighing on the c-suite, and the biggest opportunities that executives envision on the horizon. CNBC’s Diana Olick reports on the hybrid work model’s impact on urban office space, just as Meta announced layoffs and an office closure in New York. Plus, Theranos founder Elizabeth Holmes is getting another hearing and Elon Musk is in hot water on Twitter. In this episode: Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Diana Olick @DianaOlick Cameron Costa, @CameronCostaNY