2020’s First Half; Uber’s Appetite; Lululemon’s New Mirror

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 30 June 2020

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

The first half of 2020 is over, finally. University of Pennsylvania Wharton Professor Jeremy Siegel explains why the market whiplash investors weathered in 1H might very well continue until political and pandemic uncertainties are resolved. Real estate and hospitality magnate Barry Sternlicht calls for states to reopen despite those uncertainties, just as he has for the last few months. Plus, Uber is reportedly gearing up for an acquisition, and the ridesharing giant has an appetite for Postmates delivery. Lululemon is also expanding its business, moving from workout clothes to workout technologies with the at-home fitness innovator Mirror.

Transcript

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0:00.0	This is Squawk Pod. I'm C. NBC producer Katie Kramer. Today on our
0:05.5	podcast Pandemic and political uncertainty from Wall Street to Washington.
0:09.9	I don't know where the reality check needs to be.
0:13.0	It certainly seems like the market needs one.
0:15.0	Wharton Professor Jeremy Siegel on the market
0:17.2	whiplash in 2020's first half.
0:19.4	There's two great uncertainties.
0:20.6	First of all, whether this latest wave is going to subside.
0:24.0	And then, you know, let's face it, Joe.
0:26.0	Political uncertainty is definitely there for November.
0:30.0	The real estate mogul who stands by his bullish perspective Barry Sternlick calling for business to resume
0:36.3	I mean I think we should be smart about it, but I think we should get back to work
0:39.2	There's only one state in the country that's 40% of its crisis levelness Arizona.
0:44.0	Those stories plus Uber's in gear for an acquisition and Lulu Lemons suited up for an at-home
0:50.1	workout. It's Tuesday June 30th, Squack Pod begins right now.
0:55.0	And there is a line at the food truck outside the studio this morning.
1:00.0	Good morning, everybody. Welcome to Squawk Box here on
1:02.8	see NBC. I'm Becky Quick along with Joe
1:05.0	Kernan and Andrew Ross Sorkin and Joe when you say a line you mean more than
1:09.0	two people at the food truck outside? There were six people and it never when the show starts they're gone and I think
1:14.0	they have to be at work at six maybe. Would that make sense? And they're getting something
1:17.6	before they go in coffee or at work. But there, it's been a long time.
	...

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