Apple’s Privacy Crackdown & Supply Chain Squeeze with Mattel CEO

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 28 October 2021

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

As Democrats wrestle over how to pay for their social spending package, a proposal to tax the wealthiest Americans has emerged. However, if the plan survives pushback from other party members, it may still face legal obstacles. As Christmas approaches, toy makers are working around the clock to ensure enough supply and timely delivery for the shopping season. Mattel chairman and CEO Ynon Kreiz discusses how his company is navigating supply chain issues, inflation pressures, and making products that reflect all of Mattel’s consumers. Apple's recent privacy crackdown has affected the largest players in online advertising. CNBC’s Jon Fortt breaks down how the new privacy changes have hit tech companies. Plus, Comcast’s third-quarter earnings beat analyst expectations on the top and bottom lines. In this episode: Ynon Kreiz, @Mattel Jon Fortt, @jonfortt Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod. I'm C. NBC producer Katie Kramer.
0:07.0	Today on our podcast, The White House's new, new framework on spending priorities.
0:13.0	Let's do this. No, you don't have enough votes for that.
0:15.5	Well, how about a carbon tax?
0:16.5	Yeah. No, we can't do that.
0:18.5	The ups and downs of the final hours.
0:20.5	The whole situation is a clown car. You can't have quote bipartisan support to go spend money you don't have.
0:28.0	And the countdown to Christmas already. Toymakers working like busy elves against a supply chain squeeze to get toys under
0:36.0	trees.
0:37.0	CEO of Mattel and Ancries.
0:39.0	We expedited procurement of raw materials, we accelerated production of finished goods, we secured access to
0:44.8	additional ports and shipping lanes. We did a really good job in finding ways to mitigate
0:50.0	some of the disruption.
0:52.0	Plus Apple's privacy changes hitting the ad prices for
0:55.0	others in tech, see MBC's John Ford. Apple likes to say it's not a monopoly and
0:59.4	it's got minor unit chair in smartphones but this is a glimpse of the company's actual power and it's a problem.
1:05.6	Or is it? We'll have both sides to the argument and much more.
1:10.8	It's Thursday October 28, 2021.
1:13.7	Squawk Pod begins right now.
1:15.8	First up, what to spend, what to tax,? Spend tax.
1:23.0	Yesterday on the pod we told you about congressional democrats hunt to raise revenue
	...

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