2021 Surprises; Jack Ma’s Mystery; An Exchange’s About Face; Haven’s End

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 5 January 2021

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Jack Ma, co-founder of Alibaba, Chinese tech celebrity, and outspoken innovator in China, has not been seen in public for two months. China Beige Book International CEO Leland Miller discusses why the CCP and the Chinese banking sector might be pleased that Ma is lying low. Miller considers the global community’s theories on Ma’s disappearance and what China’s crackdown on tech means for President-elect Biden’s international agenda. CNBC’s Beijing Bureau Chief Eunice Yoon shares China’s response to an about face on the New York Stock Exchange; after suggesting that they’d delist three Chinese companies, the NYSE has changed its mind. Blackstone’s Byron Wein returns for his 36-year-old tradition of projecting the biggest market surprises in the year to come. Plus, Haven, the joint health care venture between Amazon, JPMorgan, and Berkshire Hathaway, is scheduled to shut down next month.

Transcript

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0:00.0	This is Squawk Pod. I'm C. NBC producer Katie Kramer today on our podcast.
0:06.2	Where in the world is Jack Ma, the Alibaba co-founder and Chinese tech
0:10.6	celebrity has been missing from the public eye for two months.
0:13.8	China Beigebook CEO Leland Miller.
0:15.8	Jack has got an enormous number of people who really dislike him inside the Chinese
0:20.2	banking system.
0:21.0	This has been a tension, for months but for years.
0:24.1	Predictions for 2021, a longstanding squawk tradition with Blackstone's Byron Ween,
0:29.2	what the market forecaster says the New Year has in store.
0:32.3	We're going to have a correction in the first half and we're probably beginning it now.
0:38.1	And so much for finding a haven, the J.P. Morgan, Berkshire Hathaway, and Amazon Healthcare
0:42.8	will be no more.
0:44.8	Jamie Diamond, Warren Buffett, and Jeff Bazel saying,
0:47.2	forget it, we can't fix this problem.
0:49.0	And yeah.
0:50.6	It's Tuesday, January 5th, 2021.
0:53.4	Squack Pod begins right now.
0:56.4	Good morning, everybody.
0:57.6	Welcome to Squack's here on CMVC.
0:59.7	I'm Becky Quick, along with Joe Hermannan and Andrew Ross Sorkin.
1:03.0	And we're going to start with this markets this morning because, yeah, if you were watching yesterday,
1:07.2	that was really something to see.
	...

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