Barry Diller: Media Deals & Election Day Votes 11/4/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 4 November 2024

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the final 24 hours until election day, media mogul Barry Diller, chairman of IAC and Expedia, discusses the state of the race and his support for Kamala Harris. He says if Harris wins, she should consider asking Elon Musk to serve on her cabinet to help with cutting government costs. Diller also weighs in on the likelihood of an Uber-Expedia deal and a Comcast spin-off. Plus, the Dow Jones Industrial Average is swapping Intel and Dow Inc for Nvidia and Sherman Williams, a Semafor report says policymakers have begun discussing whether Intel needs more assistance, Berkshire Hathaway sold another chunk of its Apple stake, and Salesforce Co-founder Marc Benioff is in talks to sell media company Time. Barry Diller - 16:34 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:03.0	Hi, I'm CNBC producer Katie Kramer.
0:07.0	Today on Squawk Pod.
0:09.0	Media mogul Barry Diller on the election and the fate of our country.
0:13.0	The one thing I really want really badly is for it to be decisive.
0:18.0	I want it to be over tomorrow night. He's chairman of Expedia and IAC, and he's weighing in on the media deals making headlines.
0:26.6	I think Comcast is better with them, but if they do spin all these off, that would be a really solid enterprise.
0:32.6	Plus, the rest of the news that got us squawking, like another big stock sale at Warren Buffett's
0:38.3	Berkshire Hathaway.
0:40.0	What do you think he is getting ready for?
0:42.8	And a shake-up in the Dow Jones Industrial Average that pushes chipmaker Intel, a key
0:47.6	beneficiary of the Chips and Science Act, off the blue chip index.
0:51.8	With the government have bet on MySpace, the instances where the government is better
0:56.8	than just market forces, it's very rare.
0:59.9	It's Monday, November 4th, 2024.
1:02.7	One day left, Squawk Pod begins right now.
1:06.9	Stand Becky by in three, two, one,
1:09.7	cue a please. Good morning, one. Cuea, please.
1:13.4	Good morning, everybody.
1:16.1	Welcome to Squawk Box right here on CNBC.
1:18.9	We are live from the NASDAQ market site in Times Square.
1:24.2	I'm Becky Quick, along with Joe Kernan and Andrew Ross Sork, and it is election week,
	...

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