Bids to Buy TikTok & Disney’s Proxy Battle 03/14/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 14 March 2024

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Former Treasury Secretary Steven Mnuchin is looking at buying TikTok, after the House passed a bill pushing for Bytedance’s divestiture of the platform. Mnuchin weighs in on the social media business, the U.S. deficit, and former President Donald Trump’s vision for another 4 years in the White House. Disney is in the midst of a proxy fight with billionaire activist investor Nelson Peltz. 13D Monitor founder Kenneth Squire explains the various characters and their roles in the drama, including Ike Perlmutter, former Disney CFO Jay Rasulo, and Disney’s CEO Bob Iger. Plus, Altria is selling over $2B of its stake in AB InBev, and former CNN anchor Don Lemon’s X show is no more, after Elon Musk canceled the partnership…after he gave Lemon an interview. Steven Mnuchin - 14:14 Kenneth Squire - 34:19 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squackpot from C. NBC.
0:07.0	I'm producer Cameron Costa and on today's episode
0:10.0	Stephen Manushin from Treasury Secretary under President Trump to Tik-Tok,
0:15.8	I'm going to put together a group to buy Tik-Tok.
0:18.3	You're trying to buy Tik-Tok?
0:19.4	I am, because this should be owned by US businesses.
0:23.4	And Nelson Peltz's push to restore the magic to Disney,
0:28.1	the proxy fight underway at the House of Mouse,
0:30.8	and how Disney is fighting back with 13D Monitor founder Kenneth Squire.
0:35.6	Bob Eager is obviously pulling all the stops to win this proxy fight.
0:39.7	Plus the latest on Boeing's manufacturing issues, and X-ing, Elon Musk's interview on X.
0:47.0	Former CNN anchor Don Lemon recording a show that will no longer premiere.
0:52.0	It's an interview you're conducting,
0:53.6	but it's also an interview for the job
0:55.3	with the guy who's hiring you, sort of.
0:58.6	It's Thursday, March 14, 2024,
1:01.6	and Squawk Pod begins right now.
1:04.0	Stand Becky by in three, two, one, queue please.
1:09.0	Good morning everybody.
1:10.0	Welcome to Squawkbox right here on C.'t b cn't b cemb cuz we're live from the nazdac market site in time square
1:15.9	i'm becky quick along with joe kernan and and and ros sorkin
	...

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