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Squawk Pod

AMC, A Wall Street Adventure & Miami’s Mayor, the Bitcoin Bonanza

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2543 Ratings

🗓️ 3 June 2021

⏱️ 27 minutes

🧾️ Download transcript

Summary

AMC stock is taking investors on a wild ride. In the midst of a retail investor trading frenzy, AMC announced a stock sale, tanking its share price in the latest chapter of the movie chain volatility. Miami is gearing up for a crypto-palooza, with 20,000 visitors expected to attend the world’s largest crypto conference in the city this weekend. Miami Mayor Francis Suarez says he’s betting on Bitcoin for the future of his city and the future of his portfolio. Hackers are holding up summer commuters, and President Biden is still working with lawmakers on a bipartisan infrastructure bill. Plus, Elon Musk is trying to save the world from bitcoin’s climate impact...while sending rockets into space. 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.

0:04.0

This is Squawk Pod. I'm C NBC producer Katie Kramer today on our podcast.

0:10.0

There's one story everybody is watching today.

0:12.0

And that is AMC.

0:15.2

One heck of a return to the box office

0:17.0

for the movie theater chain, free popcorn, a stock sale,

0:21.3

and a roller coaster ride for your mind and your money.

0:24.3

It's making a mockery of everything.

0:26.4

All of this.

0:27.8

And the crypto community is headed for the beach, Miami's mayor on the Bitcoin Bananza

0:32.3

taking his town.

0:33.4

We want to be a city that focuses on the next series of technological advances,

0:37.8

artificial intelligence, crypto, biotech.

0:41.3

Those stories plus hackers holding up summer commutes and climate is a change in, but don't worry,

0:47.0

Inner Planet Tech Bros to the rescue.

0:49.0

He needs to get you off the planet because there's going to be so many problems here eventually. Baza is trying to do the opposite, by the way. the 3rd 2021. It's the third day of the rest of our lives.

1:03.0

Squawk Pod begins right now.

1:06.0

Stand by Joe and 3, 2, 1, his mic.

1:10.0

Here.

1:11.0

Good morning and welcome back to Squawk Box, the movie here on

1:14.6

c.m. playing in AMC theaters nationwide. Live from the NASDAQ

1:18.5

market site and Times Square. Not really, but we're going to talk about, I mean,

...

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