Big Tech Blowout, Coronavirus Relief Bill & Shake Shack Drive Thru

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 31 July 2020

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

The biggest tech companies and market leaders, Amazon, Apple and Facebook, reported stellar quarterly results. Legendary tech investor, Alan Patricof, says “everybody’s got to face up to the fact they are basically utilities.” Emergency unemployment benefits are set to expire today and Congress and the White House still seem far apart on an agreement. O’Shares ETFs Chairman and ”Shark Tank” Co-Host Kevin O’Leary, and Operation Hope Chairman, John Hope Bryant, discuss what they would like to see be done at the state and federal level. Plus, Shake Shack CEO Randy Garutti on the company’s push in digital, and plans for Drive-Thru services.

Transcript

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0:00.0	This is Squawk Pod. I'm the NBC producer Katie Kramer today on our podcast.
0:06.0	Big tech is big. Congress is concerned with the pandemic proves we all need to connect.
0:11.6	Legendary tech investor, one of Apple's first, Alan Patricoff.
0:15.0	Every second, they are building up more information, more control, and they inevitably have to take over more and more of the world.
0:25.0	A debate about stimulus and fairness with John Hope Bryant.
0:29.0	Don't King did not say, I have a dream that GDP will grow by 2% a year.
0:33.0	And Shark Tank investor Kevin O'Leary.
0:35.0	Stop funding losers.
0:37.0	That's my whole point.
0:38.0	No more money on just some random arbitrary basis
0:42.0	that doesn't have to be paid back.
0:44.6	And Shake Shack's CEO on continuing to serve burgers and shakes and concretes and Chicago
0:49.4	dogs during the COVID crisis.
0:51.5	No matter what we look like in the future,
0:53.4	as we do gather again in the best Jackson we've ever had,
0:56.6	and as we look for more convenience in our life,
0:59.6	Shake Shack's going to do that.
1:01.4	It's Friday, July 31st, 2020, Squawk Pot begins right now.
1:06.6	Good morning everybody. Welcome to Squawk Box here on C. M.C. I'm Becky Quick, along
1:10.9	with Andrew Ross-Sorkin and Wilfred Frost.
1:13.4	First up on today's podcast, The Tech Titans, just 24 hours after the CEOs of Apple,
1:21.8	Amazon, Alphabet, and Facebook testified in a
	...

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