A Meme Stock’s Meta Phase; Uber CEO on Surges & Safety; Driving Climate Solutions with Pete Buttigieg

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 5 August 2021

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Uber CEO Dara Khosrowshahi is prioritizing his customers’ experiences, investing in driver acquisition to alleviate price surging and wait times as ride hailing gets back on track. Khosrowshahi also defends his decision not to mandate vaccines for all riders and drivers. The meme stock mania continues with the company that started it all: Robinhood. Now a meme stock itself, Robinhood has announced a stock sale as the retail “apes” push its price higher. In an effort to combat climate change, the White House announced a target for the country’s cars: by 2030, half of all American vehicle sales will be electric. U.S. Transportation Secretary Pete Buttigieg explains the collaboration between the Biden administration and automakers, including voluntary corporate commitments and corresponding federal funding expectations. Plus, an Elon Musk biography is underway, and earnings season is sending issuer stock prices on the market’s roller coaster. 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	Bring in show music please.
0:03.0	This is Squawk Pod. I'm the NBC producer Katie Kramer.
0:07.0	Today on our podcast, Charge Up, a new White House plan to take on climate change and drive electric.
0:13.7	Transportation Secretary Pete Budicheh.
0:15.9	Industry is stepping up, recognizing that there is a business as well as a moral
0:21.3	imperative to do something.
0:22.7	We are setting the tone and setting the regulations.
0:25.4	Speaking of getting on the road, Uber out with its quarterly numbers,
0:29.6	CEO Dara Kazr Shahi, tackling profitability and passenger safety.
0:34.0	With Uber, it would only be fair to require vaccines for both riders and drivers.
0:40.0	To put that responsibility, that kind of decision-making power on a company I don't think is right
0:45.7	And remember Robin Hood
0:49.2	The Commission-Free broker used by retail traders now loved by retail traders as a stock.
0:55.6	Am I supposed to say it feels crazy but maybe it isn't. I don't know.
0:59.4	Those stories plus writing the book on Tesla and TV were watching less. The idea that there's a billion hours of less.
1:04.0	The idea that there's a billion hours of less viewing,
1:07.0	I think just speaks to sort of where we are.
1:09.0	Outside, that's where we are.
1:11.0	Outside, outside. It's Thursday, August 5th, 2021.
1:15.0	Squac Pod begins right now.
1:18.0	Stand back you by in three, two, one, fuel, brief.
1:22.0	Good morning. Welcome to Squack Box here on
	...

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