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Squawk Pod

19 Years After September 11; Peloton CEO; Instagram Head

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2543 Ratings

🗓️ 11 September 2020

⏱️ 38 minutes

🧾️ Download transcript

Summary

At-home workout company Peloton has seen sales for its exercise equipment rise 200% in the pandemic. CEO John Foley discusses financial and fitness performance. Another stay-at-home winner Instagram has taken on TikTok in its newly launched “Reels” feature. The social media’s chief executive Adam Mosseri shares the app’s strategy for success under parent company Facebook, as well as its responsibilities amid a polarizing election. 19 years ago, the United States changed forever. Today we honor those lost on September 11, 2001, and all those who are still impacted by the tragedy.

Transcript

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0:00.0

This is Squawk Pod. I'm C. NBC producer Katie Kramer. Today on our podcast. Peloton has been a hot stock for traders and a popular purchase for those stuck at home. Sales are up nearly 200 percent.

0:13.6

CEO John Foley. When you have a choice of working out at home why would you

0:18.0

travel? So we think that post COVID this is still an incredible growth story.

0:22.1

Instagram from a billion dollars to a billion users,

0:25.0

head of Insta Adamissary on the Reals,

0:28.0

the trends, and the challenges of social media in 2020.

0:31.0

We're very focused on getting everything we can to prevent any interference, particularly

0:35.2

with this upcoming election here in the U.S.

0:37.8

We know it's a big test for us, we know we have a lot of responsibility.

0:41.5

Those stories, plus another stalemate in Washington and honoring and historic

0:46.3

tragedy 19 years ago. You can define the world in many ways by that morning.

0:51.8

It's just amazing how quickly time goes.

0:53.8

This last year, we've seen our share of tragedy as well.

0:57.8

It's Friday, it is September 11th, 2020.

1:01.0

Squawk Pot begins right now.

1:04.0

Good morning, welcome to Squawk Box right here on

1:06.4

CMC, I'm Andrew A Sorkin, along with Joe Kernan.

1:09.3

Becky's off today.

1:10.5

These guys in Washington, in Washington news, I don't know, we can talk about this, Andrew, but, so you

1:16.7

don't get everything you want so you don't do anything.

1:18.8

It's kind of weird that you hold out.

1:20.4

This was kind of gonna happen no matter what. They do a lot of stuff down there that's a

...

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