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Squawk Pod

America’s Two Crises

Squawk Pod

CNBC

Investing, Business, News, Business News

4.2543 Ratings

🗓️ 1 June 2020

⏱️ 33 minutes

🧾️ Download transcript

Summary

Protests continue across the country as Americans demand justice for George Floyd, Breonna Taylor, and other black citizens who’ve died at the hands of the police. In a candid and powerful interview, Merck CEO Ken Frazier highlights economic opportunity--and lack thereof--in the United States racial divide. Robin Hood CEO, veteran, and author Wes Moore delivers a poignant commentary on protests that turn violent and the collective pain in the black community.

Transcript

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0:00.0

This is Quackpot. I'm C. NBC producer Katie Kramer.

0:06.0

Protests rage coast to coast as Americans demand justice for George Floyd, Brianna Taylor,

0:11.5

and other black citizens who died at the hands of police.

0:14.4

Today on our podcast, two powerful interviews on the two American crises rocking the nation

0:19.8

and what lies beneath.

0:21.2

Merck, CEO Ken Frazier, on the Black Experience in 2020.

0:25.0

This African American man who could be me or any other African American man is being treated as less than human.

0:31.0

And the relationship between race and economic opportunity.

0:34.4

In good times when the community is quiet,

0:37.0

we can ignore it.

0:38.2

We can go about doing what we believe is in our economic self-interest.

0:42.2

But in the long run, what's in our economic self-interest, but in the long run what's in our enlightened

0:44.7

economic self-interest is that for all Americans to feel like they're

0:48.2

participants in our economy.

0:50.1

Wes Moore, author veteran activist and CEO of the Robin Hood Foundation speaks out on protests and violence in the push for social change.

0:58.6

There will never be peace nor calm nor tranquility without justice. I stand by the calls for peace. But where is our collective

1:06.2

pain supposed to go in the absence of justice?

1:09.8

It's Monday June 1st, 2020, Squack Pot begins right now. Small and large cities across the US witnessed the largest public demonstrations this weekend since the

1:27.5

1960s.

1:28.8

In light of these events, Squackbox today aimed to tackle the systemic issues beneath the unrest, racism,

1:34.8

income inequality, and a global pandemic that could make the economic divide even

1:39.2

deeper. We start the podcast today with an idea proposed by guest Robert Johnson, the founder of

...

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