A Drama Trio: Robinhood on the Barstool, Minimum Wage on the Hill, & Theranos in the Courts

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 24 February 2021

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Robinhood CEO Vlad Tenev and Barstool Sports’ Dave Portnoy streamed a candid conversation on social media this week, and Wall Street is reacting to their exchange and the continued fallout of the GameStop short squeeze drama. House Minority Leader Rep. Kevin McCarthy (R-CA) is pushing back against President Biden’s stimulus plan and its minimum wage plan, but President of the U.S. Black Chamber of Commerce Ron Busby says the sooner consumers have more in their pockets, the sooner small businesses will recover. Plus, Elizabeth Holmes is back in the news for yet another development in the unraveling of Theranos, and Michael Bolton is back in the sound booth for a comical ad that’s taken the businessworld by surprise.

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	More on Robin Hood's Game Stop Stumbles, The Story that Never Ends,
0:10.8	and the conversation heard round the Twitter,
0:13.1	Robin Hood CEO Vlad Tenev talking to Barstools Dave Portnoy.
0:16.8	The firm that's supposed to have our back
0:19.0	is essentially the one who put us in this mess.
0:22.2	The last thing I want to do is create this problem for our customers.
0:26.0	And the reaction on Wall Street.
0:28.0	It was fascinating to watch Dave really pushed him in some very good ways and I give a lot of credit for actually even sitting down with him.
0:35.6	Plus the clock is ticking on stimulus, House Minority Leader Kevin McCarthy on why Republicans say it's a bad plan.
0:42.1	This is going to do real damage to America. on why Republicans say it's a bad plan.
0:42.6	This is going to do real damage to America
0:45.4	putting this much money out there
0:46.9	in a time that it's not smart or surgical to do it.
0:50.4	But why a higher minimum wage could give small businesses the boost they need with
0:54.4	President of the Black Chamber of Commerce Ron Busby. The minimum wage would impact
0:58.7	a large percentage of African Americans which would give them the extra spending cash to be able to support
1:05.4	black-owned businesses across the country.
1:08.1	Those stories, plus another trading platforms in the news and more juice from the Therinos Lemon.
1:13.3	Remember that.
1:14.3	I want to bet on this.
1:15.3	What do you think about a comeback for Elizabeth Holmes?
	...

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