Big Apple News, Snap’s and Elon’s, Too 10/21/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 21 October 2022

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

NYC Mayor Eric Adams shares his plans for a “unified” solution to subway and street violence in New York, including a summit on public safety and criminal justice this weekend. The leader of the nation’s largest city discusses the challenges facing his leadership: New Yorkers’ safety anxiety, the thousands of asylum seekers who have arrived in the city as well as encouraging office workers to return to pre-pandemic commutes. After Elon Musk’s tweets about Russia and Ukraine, the Biden administration is reportedly considering putting the Tesla CEO and his businesses under national security reviews. Musk also made waves by telling investors he plans to layoff 75% of Twitter’s workforce if he takes ownership of the social media platform. Plus, Snap’s stock keeps sliding, and TikTok is denying a report that the platform’s parent has used data to track the physical location of users. And, cheese is delicious! In this episode: Eric Adams, @NYCMayor Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C NBC producer Katie Kramer, today on Squawk Pod.
0:08.0	Cleaning up Gotham City with New York Mayor Eric Adams.
0:12.0	You have to deal with actual crime, which we are dealing with in the city,
0:16.1	but you also have to make sure people are feeling safe.
0:19.2	Immigration risks to the budget and getting to the root of crime.
0:23.2	A large number of some of the violent acts that are happening because of those small
0:28.1	number of people are meant to have issues.
0:30.3	World's richest man in hot water again.
0:33.0	Elon Musk's tweets about Russia and Ukraine maybe went a little too far for the White House's liking.
0:39.0	You're going to have other governments around the world who are going to start looking at Elon Musk in a completely different way.
0:43.4	And Musk might be trimming tweaks when he takes over Twitter.
0:46.7	Elon Musk is laying off 75.
0:48.4	I go you got that number wrong.
0:50.0	75%?
0:52.1	Those stories plus Tik-Toc watching you
0:55.0	and a social media plunge.
0:58.0	A year ago, Snap was trading at 40 times sales.
1:01.0	Now it's at four time sales, and that's before the haircut it just
1:03.3	took overnight. It's Friday October 21st squawk pod begins right now.
1:08.6	Stand back you by and three one, fuel please.
1:13.8	Good morning, everybody.
	...

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