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Squawk Pod

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

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2543 Ratings

🗓️ 15 September 2020

⏱️ 34 minutes

🧾️ Download transcript

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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