Washington vs. Big Tech: Taking on the Trillion-Dollar Club
Squawk Pod30 Juli 2020

Washington vs. Big Tech: Taking on the Trillion-Dollar Club

Jeff Bezos, Tim Cook, Mark Zuckerberg, and Sundar Pichai, leaders of the four tech titans, testified remotely on Capitol Hill for 6 hours this week. Becky Quick, Andrew Ross Sorkin, and Wilfred Frost recap the highlights of the hearings, from antitrust defenses to privacy concerns and technical glitches. Former White House Chief Technology Officer Aneesh Chopra breaks down the evidence presented by the House Judiciary Antitrust Subcommittee and how the hearings may change FTC, DOJ, and state-led investigations into Amazon, Apple, Facebook, and Alphabet. Plus, Senator Mark Warner (D-VA) raises his concerns about what might follow a big tech breakup.


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Avsnitt(1840)

Facebook’s Civil Rights Zoom Call; The New College Campus

Facebook’s Civil Rights Zoom Call; The New College Campus

"There are no nuances to white nationalism.” Over 750 companies have agreed to pull or pause their Facebook advertising spending as part of the Stop Hate for Profit campaign. After a virtual meeting about moderating racist content with Mark Zuckerberg, Sheryl Sandberg, and other Facebook executives, the organizers of the boycott expressed deep disappointment. Anti-Defamation League CEO Jonathan Greenblatt, one of the organizers and participants in the civil rights Zoom call, urges Facebook to see and act on the “thick black lines about what’s in bounds and out of bounds” when it comes to upholding civil rights on its platform. Plus, Purdue University President Mitch Daniels lays out his plan for reopening campus and keeping students safe in the fall semester. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

8 Juli 202035min

Government Spending Sprees: Novavax’s Vaccine and U.S. Business Relief

Government Spending Sprees: Novavax’s Vaccine and U.S. Business Relief

Vaccine maker Novavax received $1.6B from the U.S. government for “Operation Warp Speed,” an effort to expedite the race for a coronavirus vaccine. Novavax CEO Stanley Erck maps out his timeline for vaccine distribution. The government has also poured trillions of dollars into the American financial recovery from the Covid-19 pandemic, and Jason Furman, former Chairman of President Obama’s Council of Economic Advisers, says the government is battling two concurrent recessions. He and AEI’s Michael Strain discuss whether more stimulus is still needed to rescue the U.S. economy. Plus, TikTok is dancing its way out of Hong Kong, Palantir is preparing for its IPO, and Patrick Mahomes just closed a $500 million deal. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

7 Juli 202036min

Warren Buffett’s $4 Billion Check; The “Second Wave”; Elon Musk’s (Very) Short Shorts

Warren Buffett’s $4 Billion Check; The “Second Wave”; Elon Musk’s (Very) Short Shorts

Warren Buffett has made Berkshire Hathaway’s first purchase since the pandemic began in a near $10 billion deal to buy Dominion Energy. Becky Quick, who broke the story, explains Buffett’s path to this purchase, and its implications for the future. Former FDA Commissioner Dr. Scott Gottlieb is calling the spikes in Covid-19 cases the “second wave” of the pandemic in the United States. Former Allergan CEO Brent Saunders discusses Regeneron’s phase 3 trials of antibody therapy and America’s path forward. He sees an opportunity to maintain both physical and economic health across the country. Plus, Tesla is now the world’s most valuable car company by market cap, and Elon Musk is mocking the stock’s short sellers with some shorts of his own.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

6 Juli 202031min

Special Report | Markets in Turmoil: Reopening America

Special Report | Markets in Turmoil: Reopening America

Listen to the final episode of CNBC's special report about the Coronavirus outbreak, the treatment and diagnosis of Covid-19 and the impact it’s having on the economy, business and your money. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

3 Juli 202045min

Gary Vee’s Wine Deal; Cisco Systems CEO

Gary Vee’s Wine Deal; Cisco Systems CEO

Gary Vaynerchuk, the entrepreneur behind VaynerMedia, VaynerX, and Empathy Wines has struck a deal with Constellation Brands. The internet celebrity discusses why Constellation’s Empathy acquisition is a match made in the heavens with Constellation’s President of Wine and Spirits, Robert Hanson. Vaynerchuk, followed by over 12 million social media accounts, calls out corporations pulling their advertising from Facebook, calling those companies “hypocritical.” Chuck Robbins, CEO of telecom company and WebEx owner Cisco, discusses his organization’s role in global connectivity in a time of two crises. Plus, big tech’s CEOs are gearing up for testimony on the House floor, and companies and state governments are rolling back their plans for reopening. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

2 Juli 202031min

Special Report | Markets in Turmoil

Special Report | Markets in Turmoil

Listen to CNBC's special report about the Coronavirus outbreak, the treatment and diagnosis of Covid-19 and the impact it’s having on the economy, business and your money. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

2 Juli 202045min

Building a New Normal: Police Reform & FreshDirect

Building a New Normal: Police Reform & FreshDirect

AT&T Executive Chairman and Business Roundtable Chairman Randall Stephenson reveals how the BRT’s coalition of 200 CEOs are thinking about calls to defund the police. He shares AT&T’s vision and action plans for a diverse and equitable workplace. FreshDirect CEO David McInerney discusses the grocery delivery boom throughout the pandemic and how the food landscape may be forever altered.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

1 Juli 202034min

Special Report | Markets in Turmoil

Special Report | Markets in Turmoil

Listen to CNBC's special report about the Coronavirus outbreak, the treatment and diagnosis of Covid-19 and the impact it’s having on the economy, business and your money. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

1 Juli 202044min

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