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Bloomberg Tech

Biden and Inflation, and Tesla's Stock Split

Bloomberg Tech

Bloomberg

Tech News, Business News, News

4.469 Ratings

🗓️ 10 June 2022

⏱️ 43 minutes

🧾️ Download transcript

Summary

Bloomberg's Emily Chang breaks down President Biden's speech on supply chain issues and inflation. Plus, a look at Tesla's 3-for-1 stock split 

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Transcript

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0:00.0

Join Stacey Abrams, Leib Shriver, Gina McCarthy, and more of the planet's environmental

0:06.2

leaders and problem solvers for the Bloomberg Green Festival in Seattle, July 10th to the 13th.

0:12.8

Title sponsor Amazon, Official Airline, Alaska Airlines.

0:17.6

Supporting sponsor, Providence.

0:19.9

Contributing sponsor, Wareyerhauser.

0:22.6

Get 40% off using promo code Radio 40

0:26.0

at Bloomberg Live.com slash Green Festival.

0:35.0

From the heart of where innovation, money and power collide, in Silicon Valley and beyond, this is Bloomberg Technology

0:41.0

with Emily Chang. I'm Emily Chang in San Francisco and this is Bloomberg Technology.

0:57.8

Coming up in the next hour, we are live at the Port of LA after fiery comments from President Biden on soaring inflation and

1:05.2

what he calls the exploitation of oil companies that's spiking gas prices.

1:11.1

Plus developing news out of Tesla the company is asking

1:14.8

shareholders to authorize a three for one stock split and there's a surprising

1:19.3

departure from the Board of Directors. Plaza Culture Clash at Disney drives the TV Chief out.

1:27.0

We're going to talk about the future of the entertainment giant under CEO Bob Chapeck.

1:32.0

I want to get back to those inflation numbers now President Biden

1:35.2

paying a visit to the Port of Los Angeles and talking about surging prices as

1:39.8

inflation hits a 40-year, including some of the biggest jumps ever in gas prices.

1:46.8

The president going after Exxon, which has seen not only record profits, but also a record rise in its share price. Take a listen to what the

1:55.1

president had to say. Exxon made more money than God this year and by the way

2:00.6

nothing's changed and they're not by the one thing I want to say about the oil companies.

2:04.7

They talk about how we have they have 9,000 permits to drill.

...

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