Big Banks Fending off Fintech; Employers Weighing Vaccine Mandates

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 8 April 2021

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Axios business editor Dan Primack and RiverFront Investment Group senior market strategist Rebecca Felton consider Jamie Dimon’s suggestion that big banks like his own JPMorgan ought to look out; fintech is coming for them, and their money. Schools and employers are weighing pros, cons and legal limits to mandated vaccinations and vaccination disclosures. Wharton’s Management Department Chairperson Professor Nancy Rothbard posits that in the workplace, incentives may be a more effective, less alienating strategy than requirements. CNBC’s Jim Cramer, a small business owner himself, is looking--without success--to state and federal guidelines to shape his own vaccine policy for employees. Plus, AstraZeneca’s vaccine has hit yet another troubling snag abroad, and a brand new airline is ready to hit the tarmac as soon as the pandemic subsides.

Transcript

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0:00.0	This is yours, what JP Morgan Chase CEO Jamie Diamond is worried about with
0:14.0	Axios reporter Dan Premack. Really the current financial regulatory
0:18.0	framework is already antiquated. I think when Jamie says that, that part's true.
0:22.0	And you say we're going back to the office. I think when Jamie says that, that part's true.
0:22.5	And you say we're going back to the office,
0:25.2	not without some drama.
0:26.6	Employers vacillating on vaccine mandates.
0:29.6	The Wharton schools Nancy Rothbard
0:31.4	says incentives might be the better option.
0:34.0	There's a lot of challenges with mandating employees to do anything, quite frankly.
0:39.6	Any boss will tell you, it's a lot more about persuasion than telling somebody to do
0:44.7	something. And see NBC's Jim Kramer says as a business owner himself he's just
0:49.1	trying to follow the rules. We need from the authorities to speak in one voice. We need states to speak in one voice. We need states to agree with the
0:55.4	CDC. We can't have a million different rules on city, county. Those stories
1:01.2	plus infrastructure spending, AstraZeneca's vaccine abroad and a new airline
1:06.9	It's Thursday April 8th 2021 Squack Pod begins right now.
1:17.0	Good morning everybody. Welcome to Squawk Box here on C.
1:18.0	I'm Becky Quick along with Joe Hernan and Andrew Ross
1:21.2	Sorkin.
1:22.0	President Biden pushing back against claims that his two trillion Joe makes the big investments in America will need to compete in coming decades.
1:34.0	To automatically say that the only thing that's infrastructure is a highway, a bridge, or
1:40.8	whatever, that's just not rational. It really isn't. I think the vast majority of
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