Airline Pilots Protesting & Netflix’s Super Slump 7/1/22

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 1 July 2022

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Flight cancellations continue to distrust travelers, and Dennis Tajer, spokesman for the Allied Pilots Association and pilot for American Airlines, is blaming airline management. He claims pilots are being pushed to the edge. In the markets’ roughest first half of the year since the 1970s, Netflix was the worst performing stock. It may have come down to their lackluster content, says Rich Greenfield of LightShed Partners. Cynthia Littleton, Variety co-editor-in-chief, joins Rich to discuss how the streamer’s innovation might have hit a roadblock. The last time the S&P had it this rough in the first half of the year, Joe Kernen looked like a backup singer for the BeeGees.

Transcript

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0:00.0	Bring in show music.
0:02.0	Hi, I'm C.N.
0:04.0	producer Katie Kramer, today on Squawk Pod.
0:07.0	We finally closed the first half of the year,
0:10.0	and it hasn't been this dismal in decades.
0:12.0	Will we say this is the worst years since... And it hasn't been this dismal in decades.
0:12.6	Will we say this is the worst years since 1970 when it's all said and done?
0:18.0	I hope not.
0:19.0	How the worst performer of that worst first half can turn things around.
0:23.2	We're talking Netflix with Media Watcher Rich Greenfield.
0:26.0	The real driver of what's going to make Netflix work again
0:29.2	is the content has to be better than it was over the prior six to nine months.
0:34.0	And if you're packing for a flight this summer,
0:37.3	don't hold your breath.
0:38.3	American Airlines pilot Dennis Taser calls scheduling a mess. Of the over 700 cancellations 90% of them was
0:47.2	because management couldn't connect the pilot to the airplane. This is a
0:51.2	failure of the operation.
0:53.0	And speaking of vacation, where's Elon Musk?
0:56.0	Let's talk about Elon Musk for a second,
0:59.0	or maybe the fact that we haven't talked about Elon Musk for a second.
1:02.0	It's been, it's been a minute, as they say.
1:04.9	Plenty of stories to kick off your long weekend.
	...

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