AMC CEO Adam Aron & VP Harris’s Dem Backers 07/23/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 23 July 2024

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Vice President Kamala Harris appears to have won the backing of enough Democratic delegates for the nomination. PIMCO’s Head of US Public Policy Libby Cantrill explains what Harris’s endorsements mean for investors. Movie theater chain AMC has reached a debt refinancing deal, and CEO Adam Aron explains the deal, as well as the box office pipeline and keeping up the Taylor Swift Eras Tour momentum. Plus, Delta is still struggling to recover from the IT outage of last week, and Warner Bros. Discovery is making its pitch for NBA rights. Libby Cantrill 13:45 Adam Aron 24:28 In this episode: Adam Aron, @CEOAdam Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pod.
0:09.0	Vice President Kamala Harris appears to have won the backing of enough Democratic delegates.
0:15.0	So what does this version of 2024 mean for your investing strategy?
0:19.0	Pimco's Libby Cantrell explains.
0:21.0	The takeaway is that right now just given that the race has been upended is
0:26.3	that the chances of a Republican sweep are less than they were last week and so if you are an ape or if you have friends that are apes or friends that
0:36.9	know apes. AMC CEO and retail trader favorite Adam Aaron joins us his movie theater chain just scored a new debt deal.
0:46.3	It gives us years and years of breathing room and it's coming at a time when the box office
0:50.8	finally after four tough turbulent years the box office is
0:54.4	finally roaring back strong all that today plus Warner Brothers discovery is
1:00.3	making its pitch to the NBA and Delta still struggling post IT outage.
1:05.8	It is Tuesday July 23rd, Squawk Pod begins right now.
1:11.0	Stand Becky by in three, two, one, queue with please.
1:16.6	Good morning everybody and welcome to Squackbox right here on CMBC.
1:20.4	We are live from the NASDAQ market site in Times Square.
1:23.0	I'm Becky Quick along with Joe Kernan and Andrew Ross Sorkin and we are talking amongst ourselves already about this delta outage.
1:31.0	Hard to say exactly why Delta has been hit so much more than
1:35.3	any of the other carriers at this point, but lots of flights coming up on this. I
1:39.6	think we're all flying delta in the next few days, so we have some concerns about some of these issues.
1:44.0	It's a little bit concerning.
1:45.1	Yeah, if you're flying delta.
	...

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