American Dreams & Patriot Travels 07/03/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 3 July 2024

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Ahead of the July 4th holiday, Kayak CEO Steve Hafner says this summer is a good time to fly, as demand has not kept up with flight supply. As America celebrates its 248th year of independence, CNBC’s Jon Fortt considers the state of the American Dream for this generation. Plus, the week’s top headlines in business and politics: Paramount’s hunt for a partner, Eli Lilly’s big Alzheimer’s drug approval, and President Biden’s support among Democrats. Happy 4th! Megan Cassella 6:26 Phil Lebeau - 15:32 Steve Hafner - 20:12 Jon Fortt - 24:42 In this episode: Megan Cassella, @mmcassella Jon Fortt, @jonfortt 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	A summer holiday week, Americans are on the road and in the skies.
0:13.6	Kayak CEO Steve Haffner says, ready for takeoff.
0:17.1	The airlines added a lot of capacity going into the summer flying season and demand hasn't quite kept up with that.
0:25.0	And after 248 years of American dreaming have today's generations
0:30.0	finally woken up, See NBC's John Fort.
0:33.5	An essential part of the American dream
0:35.9	and July 4th is sometimes seemingly irrational optimism
0:39.9	that despite overwhelming odds,
0:41.9	this generation can make things more fair and more economically
0:44.9	just for the next one.
0:47.2	All that today plus a big win for Eli Lilly's Alzheimer's treatment.
0:51.1	Another episode in the play for Paramount, and shifting tides in the Democratic Party,
0:55.8	C. N. C. N. C. C. C. C. C. C. C. C. C. C. who had been sticking with the president through the weekend are now telling me
1:04.8	that they don't think that this can last. There's an emerging consensus among
1:08.4	this group that President Biden will have to step aside.
1:10.6	It is Wednesday, July 3rd, 2024.
1:14.8	Fricking July 4th, can we please be happy to be here?
1:19.5	Squawk Pod begins right now.
1:22.1	Stand to enter by in three, two, one, Q Andrew.
1:25.0	Good morning.
	...

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