Another “Plus” for Streaming, & Chamath Palihapitiya: Democratizing the Stock Market

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 15 September 2020

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

ViacomCBS is rebranding its streaming platform as Paramount+, another “plus” for the streaming wars. CEO Bob Bakish reveals what viewers--and shareholders--can expect. Investor, NBA owner, and Virgin Galactic Chairman Chamath Palihapitiya has yet another SPAC announcement. He’s betting on special purpose acquisition companies to rebalance the supply/demand issues in the stock market and to democratize investing opportunities. TikTok’s final rose goes to Oracle, though the pair still has a few political and technical obstacles to hurdle. Citi’s new leader Jane Fraser may be on a glass cliff, and Cinnabon is coming to a grocery near you.

Transcript

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0:00.0	This is Squawk Pod. I'm CMBC producer Cameron Costa. Today on our podcast
0:06.7	Chamoth Polyhapatia, investor, MBA owner and Virgin Galactic Chairman turning to special purpose acquisition vehicles or
0:14.8	SPACs to save the public markets.
0:17.3	Over time I think what we want to see is the number of public companies go back to
0:22.2	8,000 or frankly be at 10,000 or 12,000.
0:25.6	A new streaming service, Viacom CBS is rebranding its over-the-top service to Paramount Plus.
0:32.0	Everything's called something Plus now. Plus, Plus Paramount Plus. Everything's called Something Plus Now, Plus Plus.
0:34.7	CEO Bob Backish.
0:36.3	What this is is really an exciting next chapter
0:38.9	for one of the most story brands in Hollywood.
0:42.2	Those stories and so much more from Tik-Tok's final rows to sweet treats in the freezer aisle.
0:48.0	My favorite!
0:50.0	It's Tuesday, September 15, 2020.
0:53.0	I can hear like the bounce in your step.
0:55.4	I hear it in your voice.
0:56.6	Squack pod begins right now.
0:59.4	Good morning and welcome to Squack Box, right here
1:02.4	on C.M.
1:03.2	I'm Ed Ross Storkin along with Joe Kernan.
1:05.1	Becky's off today.
1:06.6	We miss Becky whenever she's out, but I think, you know,
1:09.6	you like to talk, and I guess I do too, and it's 50-50 instead of 33 33 and I think
	...

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