A Crypto Crumble, Target’s Q1 Bullseye, & the Squarespace Debut

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 19 May 2021

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Target CEO Brian Cornell shares the retailer’s big quarterly results; with sales up over 20% Cornell says American shoppers are finally back--and buying--in stores. Cryptocurrencies are selling off, with bitcoin hitting three month lows. Joe, Becky, and Andrew break down the bitcoin and ethereum meltdowns and consider the risks of speculative assets. Plus, website builder Squarespace went public on the New York Stock Exchange via direct listing. CEO Anthony Casalena explains building the internet, and his company’s path forward as a public, profitable company. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	This is Squawk Pod. I'm C. M.C. producer Katie Kramer, today on our podcast.
0:07.0	Americans are loading up their shopping carts. Target's first quarter sales up over 20% CEO Brian Cornell.
0:15.0	We're seeing a much more optimistic consumer who is excited about getting back to the life that they haven't lived for the last year.
0:23.8	Square space for DIY websites and a lot more
0:26.8	makes its public debut, CEO Anthony Cassellena.
0:30.0	We're known as an all-in-one platform.
0:31.6	We specialize in design.
0:33.0	We're one of the few companies that is invested in design as much as we have,
0:36.3	which helps our customers really stand out, tell their story, and sell more.
0:40.0	And prepping for another market listing this week, Oatley, it's a creamer, it's a beverage, it's a, well.
0:46.7	I think if there's any real question to be asked this morning, is it real milk?
0:50.0	It's not milk.
0:51.0	It kind of stand with the dairy farmers on that bit of it.
0:54.0	Those stories but first tales and tumbles from the crypto,
0:57.8	Bitcoin melting down.
0:59.2	I told you this was going to happen.
1:00.8	Nanny, 90, 90.
1:02.0	This is what you get when you get that speculative fervor.
1:04.5	It's Wednesday, May 19th, 2021. Squawk Pod begins right now.
1:10.8	Good morning everybody. Welcome to Squackbox here on
1:13.6	see and bicki quick along with Joe Kurnen and Andrew Ross
1:17.0	Sorkin. Yeah, Bitcoin continued to continues its recent tumble now below
	...

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