Bitcoin Turbulence, Stimulus Pressure, & A Waning SPAC Sparkle

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 23 February 2021

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Former Senior Advisor to President Obama and current President of the Barack Obama Foundation Valerie Jarrett discusses President Biden’s first 100 days in office, the metrics by which Americans will judge his success, and the latest iteration of the stimulus package. Bitcoin’s wild ride continues, catching the attention of Treasury Secretary Janet Yellen. Plus, a former Tesla employee’s electric vehicle SPAC could be the tipping point for the hyped listing process, highlighting all that could go wrong in any public debut.

Transcript

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0:00.0	This is Former senior advisor to President Obama, Valerie Jarrett, is unpacking stimulus plans and
0:15.2	outlook for success.
0:16.7	I think what Americans are going to sit around in 100 days and say, is our country on the right track?
0:22.3	Is President Biden focusing on our needs?
0:24.9	Is he helping us meet our ends
0:26.9	and make sure that we can provide for our families?
0:29.6	And another day, another Bitcoin roller coaster, the big personalities and the big losses in this wild
0:35.8	crypto ride.
0:36.8	There's accounting and there's, whoa, I just lost my shirt.
0:41.1	Plus Facebook News is back on track down under and another spact-tastic story, complete with
0:47.0	electric vehicles and the 30% plunge.
0:49.6	Does anybody have a bell?
0:50.8	This might be the date to ring the bell on spax thank you thank you so
0:56.0	much it's Tuesday February 23rd 2021 squawk pod begins right now.
1:03.0	Good morning everybody.
1:04.0	Welcome to Squack Box here on C.
1:06.0	I'm Becky Quick, along with Joe Kernan and Andrew Ross Sorkin.
1:10.0	First up today on the podcast, Bitcoin, again, Bitcoin. The world's most valuable
1:16.4	digital coin has plunged more than 15% in the last day after hitting huge
1:21.2	numbers, topping 50,000 in value in a market cap of over a trillion.
1:26.0	On Monday, Treasury Secretary Janet Yellen had a warning about Bitcoin for our Andrew Ross
1:30.8	Sorkin at the New York Times Dealbook DC policy project.
	...

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