Musk’s Stock Sales; Pfizer’s Covid Pill; Slack and the Newest Normal
Squawk Pod14 Joulu 2021

Musk’s Stock Sales; Pfizer’s Covid Pill; Slack and the Newest Normal

As the specter of omicron looms large over the festive season, governments around the world are desperately trying to deploy Covid-19 booster shots in order to bolster people’s protection against the more transmissible variant. Meanwhile, Pfizer is working on the first antiviral Covid-19 pill. CNBC’s Meg Tirrell broke down the final analysis of Pfizer’s Covid-19 pill that showed a near 90% efficacy in preventing hospitalizations and deaths in high-risk patients. Companies from Lyft to Ford have had to delay and reassess return-to-office plans in recent weeks. Morgan Stanley CEO James Gorman walked back an edict that employees should be back at the office by now and issued a new forecast for how long companies would delay the return. Slack CEO Stewart Butterfield also discussed the future of work, the metaverse and the company’s merger with Salesforce. Plus, Apple’s march to $3 Trillion and Elon Musk – on the tweets and on Time's 2021 Person of the Year.


In this episode:
Stewart Butterfield, @stewart
Meg Tirrell, @megtirrell
Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @andrewrsorkin
Klaire Odumody, @klairemarie


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jaksot(1837)

Getting to Work: U.S. Labor and Commerce Secretaries

Getting to Work: U.S. Labor and Commerce Secretaries

U.S. Secretary of Labor Marty Walsh and U.S. Secretary of Commerce Gina Raimondo are teaming up to expand and prepare America’s workforce. The bipartisan infrastructure bill working through Congress aims to invest $100 billion in job creation, supporting small businesses as they recover from and power through the pandemic. In an extended interview with Andrew Ross Sorkin, the two secretaries discuss the infrastructure bill, diversifying the private sector’s talent pipeline, and the future of the American workforce. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

9 Elo 202123min

Vaccinated Only: CNN, United Airlines, & the Corporate Moves (& Jobs) Still to Come

Vaccinated Only: CNN, United Airlines, & the Corporate Moves (& Jobs) Still to Come

The economy added 943,000 jobs in July, the best pace in nearly a year and nearly 100,000 more than economists expected. Kate Moore, head of thematic strategy for BlackRock’s global allocation team, Austan Goolsbee, former Council of Economic Advisers chairman, break down the numbers. CNN has terminated three of its employees for lying about their Covid-19 vaccination statuses and coming to the office, according to a memo sent to staff internally. Tom Gimbel, founder and CEO of staffing firm LaSalle Network, and Kate Kelly, reporter at The New York Times, discuss return to work policies and corporate America’s role in leading the next wave of vaccinations. United Airlines will require its 67,000 U.S. employees to get vaccinated against Covid by no later than Oct. 25th; those unwilling to comply will risk termination. CNBC’s Phil LeBeau says this move will likely ramp up pressure on other major U.S. carriers to follow suit. CNBC’s Kate Rogers reports on the teacher shortage ahead of a new school year. Plus, Virgin Galactic announced it will sell seats for space tourism flights, starting at $450,000. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

6 Elo 202133min

A Meme Stock’s Meta Phase; Uber CEO on Surges & Safety; Driving Climate Solutions with Pete Buttigieg

A Meme Stock’s Meta Phase; Uber CEO on Surges & Safety; Driving Climate Solutions with Pete Buttigieg

Uber CEO Dara Khosrowshahi is prioritizing his customers’ experiences, investing in driver acquisition to alleviate price surging and wait times as ride hailing gets back on track. Khosrowshahi also defends his decision not to mandate vaccines for all riders and drivers. The meme stock mania continues with the company that started it all: Robinhood. Now a meme stock itself, Robinhood has announced a stock sale as the retail “apes” push its price higher. In an effort to combat climate change, the White House announced a target for the country’s cars: by 2030, half of all American vehicle sales will be electric. U.S. Transportation Secretary Pete Buttigieg explains the collaboration between the Biden administration and automakers, including voluntary corporate commitments and corresponding federal funding expectations. Plus, an Elon Musk biography is underway, and earnings season is sending issuer stock prices on the market’s roller coaster. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

5 Elo 202130min

NYC All Access Passes & Guard Rails for the “Wild West”

NYC All Access Passes & Guard Rails for the “Wild West”

SEC Chair Gary Gensler shares his plan for taming the “Wild West” that is the cryptocurrency ecosystem. After years of leadership in finance regulation and teaching blockchain technology at MIT, Gensler praises innovation, but calls for “guard rails.” China is aiming to curb new Covid cases, and New York City has a new access pass for its social scene: proof of vaccination. Plus, CNBC’s Eamon Javers reports that the CDC is stepping in to extend the eviction moratorium. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

4 Elo 202129min

Hope, Finance, & Empowerment with Delta CEO; “Spiritual Opium”; Out of Juice

Hope, Finance, & Empowerment with Delta CEO; “Spiritual Opium”; Out of Juice

After 17 months and three vaccines, Covid cases continue to tick up, even in the U.S. Senate. Operation Hope Chairman and CEO John Hope Bryant offers a progress report of his nonprofit’s efforts to alleviate financial strain on American workers amid the pandemic; he’s partnered with various U.S. corporations to provide financial coaching to employees. Delta CEO Ed Bastian attests to the impact this initiative has had for his own employees. Bastian also discusses maintaining Delta workers’ physical wellbeing with vaccination policies for passengers. Plus, China is cracking down on video games, and Pepsico is shelving its juices. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

3 Elo 202128min

A Square Deal; Delta Data; Infrastructure’s Road Ahead

A Square Deal; Delta Data; Infrastructure’s Road Ahead

Jack Dorsey’s Square is acquiring Australian buy-now-pay-later company Afterpay in a $29 billion deal that deepens its foothold in digital payments. Former FDA Commissioner Dr. Scott Gottlieb discusses potential booster vaccines to curb continuing illness, and he considers the CDC’s data delivery and transparency. Plus, Disney's latest box office debut is straight out of the jungle, and an infrastructure package could mean a smoother ride for road trippers in the years to come. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

2 Elo 202128min

A CDC Reversal, Spirit Airlines CEO, & Hood-winked: After the IPO

A CDC Reversal, Spirit Airlines CEO, & Hood-winked: After the IPO

The Covid Delta variant is likely infecting more people than are being recorded, according to former FDA Commissioner Dr. Scott Gottlieb. He discusses transmission and hospitalization rates and responds to concerning data from an internal CDC presentation obtained by The Washington Post. Spirit Airlines CEO Ted Christie considers what the variant data means for leisure travel, and explains why he hasn’t required vaccinations for his own employees or passengers. Scarlett Johansson and Disney are at odds after “Black Widow'' was released in theatres and on Disney+ on the same day. The actor claims the simultaneous push breached her contract, and Disney has fired back at the lawsuit. Plus, in the wake of Robinhood’s public debut, the stock hasn’t quite lived up to its promise--at least, not yet. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

30 Heinä 202129min

Memes to Market: Robinhood IPO

Memes to Market: Robinhood IPO

Vlad Tenev, Robinhood CEO, says meme investing is no joke, “it’s a real thing.” Free stock trading app Robinhood surged in popularity among retail investors through the Covid-19 pandemic and the meme stock mania of 2021. The company sold shares in its Nasdaq launch at $38 a piece, valuing it over $30 billion. Tenev celebrates Robinhood’s IPO, the role of ‘payment for order flow’ in the next generation of investing, cryptocurrencies, and what the road to the public market means to him personally. Andrew Ross Sorkin, Joe Kernen and Morgan Brennan look for lessons for Robinhood in the legends of IPOs-past and …. Kernen on cruise control. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

29 Heinä 202131min

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