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Squawk Pod

ABCs with Lululemon CEO & “The Anti-Social Network” with Ben Mezrich

Squawk Pod

CNBC

Business News, Investing, Business, News

4494 Ratings

🗓️ 9 September 2021

⏱️ 31 minutes

🧾️ Download transcript

Summary

GameStop’s latest quarterly report did little to answer Wall Street’s--and Reddit’s--concerns about the company’s turnaround plan and sky-high stock price. Ben Mezrich, author of “The Anti-Social Network,” joined to discuss his book about the Gamestop saga and how it continues to shake up Wall Street. Lululemon shares hit a fresh, all-time high after the retailer blew past Wall Street’s expectations in its latest fiscal quarter. Famous for its women’s leggings and “ABC” jogger pants for men (Joe’s & Andrew’s favorite), Lululemon sales have outperformed other retailers during the Covid pandemic. Calvin McDonald, CEO of Lululemon, discusses the company’s Q2 results, employee pay, and what’s next for the brand. Ukraine is the latest country to legalize bitcoin, a sign the currency could be here to stay. United Airlines’ employees who are granted exemptions to a company vaccine mandate for religious reasons will be put on temporary unpaid leave starting next month, citing the recent rise in Covid cases. Plus, day one of the blockbuster Theranos trial is complete as prosecutors called Holmes a liar and a cheat during opening statements.

Transcript

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0:00.0

Bring in show music please.

0:04.0

This is Squawk Pod. I'm C NBC producer Katie Kramer.

0:08.0

Today on our podcast, Memstock,

0:11.0

Mania with the guy who wrote a book on the Reddit Robin Hood

0:13.9

ape crazy saga Ben Mezrich.

0:16.0

What are they actually worth?

0:17.4

I think the reality is they're worth what the mob believes they're worth.

0:21.6

And we're zooming in on the ABC's, the pants of course.

0:25.6

When you feel your best, you perform your best.

0:28.0

Yeah, we do.

0:29.0

In these pants, because we're free and easy.

0:31.2

It makes us better.

0:32.3

The wonderful world of at leisureisure with Lulu Lemon CEO Calvin McDonald.

0:37.0

What has been accelerated is the interest in being fit, the interest in well-being and functional apparel.

0:44.0

Those interviews plus Ukraine and Tom and Jazelle on the Bitcoin bandwagon.

0:50.0

And day one of the Therinos trial complete.

0:52.9

Look at this on Squackbox.

0:54.0

These guys had her guilty right from the very beginning.

0:56.8

None of us can be on this jury.

0:59.1

It's Thursday, September 9, 2021.

1:02.0

Squackpot begins right now.

1:04.4

Stand Becky by in three, two, one, fuel, please.

...

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