Alphabet CFO Ruth Porat: Davos Day 1 5/23/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 23 May 2022

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

At the first in-person World Economic Forum since 2020, global leaders gather in Davos, Switzerland to discuss the future of politics, culture, and business. Andrew Ross Sorkin is on the hillside in the Alps for a rare sit-down interview with Alphabet CFO Ruth Porat; they cover fears of an economic slowdown, U.S. content moderation policies, and tech’s rough year in the markets. Plus, President Biden says that the U.S. would get involved militarily to defend Taiwan if China tries to take it by force. CNBC’s Beijing Bureau Chief Eunice Yoon reports China’s Foreign Ministry expressed “strong dissatisfaction and firm opposition” to the remarks, and Yoon highlights the implications of Biden’s Indo-Pacific trade pact for foreign investment in China. In this episode: Eunice Yoon, @onlyyoontv Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:04.0	Hi there, I'm C. M. C. C. C. C. C. C. C. C. C. C. P.
0:08.0	Today on Squawk Pod, the World Economic Forum in Davos, Switzerland.
0:21.0	Today's big interview from the Alps, chief financial officer of Google Parent Alphabet, Ruth Poirat.
0:23.0	One of the important elements is, regardless of markets,
0:25.8	make sure you're focused on long-term growth
0:27.4	because those who don't actually miss that
0:29.4	and try and catch up.
0:30.3	Weathering tech's market volatility
0:32.4	and regulator scrutiny and planning for the long term.
0:36.0	When you're starting with deep computer science and a set of opportunities, look at cloud.
0:40.0	We believe we are very much still in early innings.
0:43.0	Plus the other international story that got us guocking today,
0:47.0	China reacts to President Biden's comments on Taiwan,
0:51.0	our Beijing Bureau Chief Eunice-Yun.
0:53.5	Obviously, this looks like a way for the U.S. to pressure companies to diversify away from China.
1:00.4	It's Monday, May 23rd, and a very global Squack Pod begins right now.
1:06.0	Stand back to you by in three, two, one, fuel, please.
1:10.0	Good morning, everybody.
1:12.0	Welcome to Squawk Box here on
1:13.7	see NBC. We are live from the NASDAQ market site in Times Square. I'm
1:17.4	Becky Quick along with Joe Kurnen. Andrew Ross
	...

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