Bank of America CEO; JetBlue CEO; The Latinx GDP

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 24 September 2020

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

The U.S. airline industry is one week away from potentially furloughing tens of thousands of workers, and major carriers are asking Congress for billions of dollars in additional aid. JetBlue CEO Robin Hayes makes his--and his employees’--case for more federal support. Bank of America CEO Brian Moynihan is spearheading the World Economic Forum International Business Council’s effort to set forth a new framework for corporate ESG tracking and disclosure. Moynihan discusses stakeholder capitalism, the economy, and Covid bailouts. Plus, a new report reveals that the Latinx community in the U.S. generated a GDP larger than that of Italy, South Korea or Brazil in 2018. Solomon Trujillo, Trujillo Group Investments Chairman and Founder of L’Attitude, discusses the value in the new mainstream economy.

Transcript

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0:00.0	This is Squawk Pod. I'm C. N. B.C. producer Cameron Costa. Today on our
0:06.4	podcast, Bank of America CEO Brian Moynihan is leading the charge for new
0:11.7	environmental, social, and governance metrics,
0:14.6	and he's keeping business leaders accountable for sustainable change.
0:18.4	To solve these huge problems that the world faces, you have to bring capitalism to a task.
0:22.4	Charity can't do it. governments can't do it.
0:24.7	The clock is ticking for airlines and their employees.
0:28.7	CEOs like JetBlue's Robin Hayes are asking Congress for more support.
0:33.4	The question is another extension of the payroll support program, is it a bridge to nowhere
0:38.5	or is it a bridge to somewhere?
0:40.3	And I passionately feel it's a bridge to somewhere. And a new report
0:43.8	new report reveals that the Latinx community in the US
0:46.8	generates a GDP larger than Italy's or South Korea's or Brazil's.
0:52.5	Saul Trujillo, founder of latitude, the Executive Business Initiative
0:56.7	devoted to understanding the new mainstream economy.
0:59.9	The US Latino cohort outgrew the GDP of China and India.
1:04.7	I think it just knowing the numbers I think it helps us understand the path forward
1:09.1	probably.
1:10.1	It's Thursday September 24th, 2020.
1:13.0	Squack Pod begins right now.
1:15.0	Good morning, everybody.
1:17.0	Welcome to Ground Dogs Day here on Squack Box on C.
	...

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