American Industry, Tech Titans, & a Gloomy Day for Yellow 8/07/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 7 August 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

A week into Twitter’s rebranding as X, Semafor business and finance editor Liz Hoffman discusses Elon Musk’s vision for the company, including his hopes of a superapp with financial integrations. President Biden is heading on a trip through the western United States to highlight clean energy manufacturing jobs and the Inflation Reduction Act. President and CEO of the National Association of Manufacturers discusses the efforts to keep the U.S. competitive and the industry criticism of manufacturing regulations under the Biden administration. Elon Musk and Mark Zuckerberg are sparring virtually, planning a physical showdown of the tech giants this summer and drumming up traffic on each leader’s respective platform. Plus, trucking firm Yellow has filed for bankruptcy, potentially leaving US taxpayers with losses. In this episode: Liz Hoffman, @lizrhoffman Andrew Ross Sorkin, @andrewrsorkin Michael Santoli, @michaelsantoli Kelly Evans, @KellyCNBC Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in Show Music, please.
0:02.6	Hi, I'm C. NBC producer Katie Kramer.
0:07.0	Today on Squawk Pod.
0:09.0	Is Bidenomics opening factories,
0:12.0	president of the National Association of Manufacturers Jay Timmons, on keeping America's edge.
0:17.0	If we believe that the United States needs to maintain our manufacturing edge, our technological edge, our economic edge in the world,
0:25.3	then we do have to have a manufacturing strategy. There is no question about that.
0:30.3	And a virtual feud leaving X for IRL, the Musk Zuck rivalry.
0:36.5	They're fighting, but they're not really.
0:38.0	This isn't WWE, no.
0:40.0	And what Elon Musk is planning outside the ring, semaphore editor Liz Hoffman on his platform's next chapter.
0:47.0	It was a great product that was a bad company, I think was always the knock on Twitter.
0:51.0	And, you know, Jack Dorsey has said since then they never
0:53.6	should have been a company it should have been a protocol I don't entirely know what
0:56.8	he means by that. Plus this Barbie made a billion dollars and yellow
1:01.8	trucking filing for bankruptcy and taxpayers facing a loss.
1:05.6	We own 30% of the shares.
1:07.2	No, I know, but do we really think there's value there?
1:09.7	No, of course that.
1:12.1	It's Monday, August 7th, 2023. Squack Pod begins right now.
1:17.0	Stand under by in three, two, one, Q, Andrew.
1:22.0	Good morning and welcome to Squack Box right here on C NBC.
	...

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