AMC’s Box Office & Dr. Scott Gottlieb: The Pandemic’s Seventh Inning

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 19 October 2020

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Former FDA Commissioner Dr. Scott Gottlieb looks ahead to 2021 for vaccines and a possible end to the coronavirus pandemic. He says we’re nearly through, but the hardest road is still ahead. AMC movie theaters are starting to reopen in New York, and CEO Adam Aron is optimistic about cinema safety but concerned about consumer demand. He emphasizes that movie releases, not limited theater capacity, may hinder his business. Plus, stimulus negotiations slog on in Washington, and Boeing’s 737 Max is inching closer to its next takeoff.

Transcript

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0:00.0	This is Squawk Pod. I'm C.N.C. producer Katie Kramer today on our podcast.
0:06.2	COVID fatigue, vaccines, trials, and when it'll all be over. Dr. Scott Gottlie.
0:12.8	We're probably in the seventh inning
0:14.0	of the acute phase of this pandemic right now,
0:16.5	but the hardest parts probably ahead.
0:18.8	Getting back to the box office,
0:20.4	some movie theaters are opening back up,
0:22.4	but CEO of AMC says limited
0:24.4	capacity is the least of his concerns. We've very carefully modeled these
0:28.6	seat limitations on our capacity. That really doesn't take many people out of our theaters. The issue is
0:34.2	consumer demand. And platforms or publishers Twitter, Facebook, making
0:39.1	editorial decisions and getting in some hot water. Insider CEO Henry Blodgett.
0:43.6	Whether they want to be or not, they are media distributors.
0:47.8	Those stories plus Boeing 737 Max is almost back in the air,
0:52.4	and the long winding road to more stimulus.
0:55.2	I just don't know the last time I spent an hour talking about anything.
0:58.8	It's Monday, October 19th, 2020 Squawk Pod begins right now.
1:04.0	Good morning everybody. Welcome to Squawk Box here on
1:07.0	on NBC. I'm Becky Quick, along with Joe Kurnen and Andrew Ross
1:10.0	Sorkin.
1:11.0	The top story out of Washington, House Speaker Nancy Pelosi is calling on the White House
1:14.8	to reconcile its remaining differences on a new coronavirus economic stimulus package.
	...

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