Alibaba’s Joe Tsai: The NBA, Jack Ma, & #StopAsianHate

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 15 June 2021

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Alibaba co-founder and Brooklyn Nets owner Joe Tsai discusses the global economic recovery, the NBA playoffs, founding the Asian American Foundation, and the role of sports teams in fighting for social justice. Tsai offers insight into the abruptly mysterious life of fellow billionaire and Alibaba founder, Jack Ma. Plus, investors are prepping for a momentous Fed meeting, and mask on, mask off: uncovering post-vaccination etiquette. 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.
0:05.0	I'm C. NBC producer Katie Kramer today on our podcast.
0:09.0	Squawk Box has taken over the Barclay Center.
0:12.0	Joe Cy, owner of the Brooklyn Nets on Bark. the
0:13.3	owner of the Brooklyn Nets on Barclays, the NBA and Social Justice.
0:17.3	One thing that I realize when you own a sports team is it's larger than a sports team it's a social institution why the
0:25.3	billionaire founded the Asian American Foundation in response to crisis everybody's
0:30.3	okay with Asian Americans as long as things are going well but if there's a
0:34.8	crisis there's a pandemic there's a war or there's an economic downturn
0:39.7	Asian Americans get scapegoated. Plus where in the world is Jack Ma,
0:44.0	Joe Cy on the formerly public face of Alibaba's lower profile.
0:49.0	He's fine.
0:50.0	He is lying low right now. I talk to him every day. He's taken up painting as a hobby. It's actually pretty good.
0:57.0	That interview, plus the Fed takes center court, inflation fears, and getting back out there, it's hard.
1:03.8	I'm socially awkward, what can I say?
1:05.8	It's Tuesday, June 15, 2021.
1:08.7	Squawk Pod begins right now.
1:11.0	Stand Becky by in three, two, one, Q, three.
1:16.2	Good morning. Welcome to Squack Box here on
1:18.1	C. I'm Becky Quick, along with Andrew Ross Sorck. Joe is out today.
1:23.0	Andrew is reporting live from the Barclay Center in Brooklyn.
	...

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