Black Friday, Bonuses, & Bitcoin

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 27 November 2020

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On a Black Friday unlike any other, CNBC’s Bertha Coombs reports on the scene outside a New Jersey mall. Former Saks CEO Steve Sadove and former Walmart U.S. CEO Bill Simon unpack what 2020’s retail landscape means for shopping seasons to come. Vanity Fair’s Bethany McLean and The NYT’s Kate Kelly discuss what Wall Streeters can expect--or not expect--from their bonuses this year; amid the country’s health, political, and economic environment, some firms may offer a holiday payout, and others may hold out. Bitcoin’s weathered a wild ride this week, topping off an impressive 9 months. Andrew Ross Sorkin, Becky Quick, and Steve Liesman consider where cryptocurrency has been, where it’s headed, and what it’ll do to our global financial system. Plus, CNBC’s Contessa Brewer brings some pent up seasonal cheer from a neighborhood already decorated for the holiday season.

Transcript

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0:00.0	This is
0:02.0	is Squawk Pod. I'm C. NBC producer Katie Kramer.
0:05.0	Today on our podcast,
0:06.0	It's Black Friday, or is it?
0:09.0	This is a year to throw out all the rules.
0:10.0	Like all things, 2020, holiday shopping is about to look very different.
0:15.0	Who wins over consumers? Big box retailers like Walmart or higher-end department stores?
0:20.0	Sacks, former CEO saysounters, may have it easier.
0:23.2	The department stores were a difficult sector coming into the pandemic,
0:28.0	and they're going to continue to be struggling relative to some of the other category
0:31.8	killers and the big box retailers.
0:34.0	It's holiday season which also means bonus season.
0:37.5	Vanity Fair's Bethany McClain on who's getting an extra gift at work
0:41.0	and who's going home empty-handed.
0:43.0	Private firms are going to have an opportunity to pay people in a way that the big publicly
0:47.0	traded banks are not.
0:49.0	Plus, Bitcoin's wild holiday ride, where it's been, where it's going, and more importantly, where it's been where it's going and more importantly where it's taking us
0:55.2	I would have thought hearing that the government wants to regulate it would have actually been a
1:00.3	bullish sign long term for Bitcoin because it would have meant that it could be more and more mainstream.
1:07.0	It's Friday, November 27th, 2020, Christmas is coming. Call it pent up Joy demand. We've had our Christmas trees coming. Call it pent-up joy demand. We've had our Christmas trees up for a week at
1:15.8	this point. We got three this year. Squackpot begins right now.
1:20.6	Welcome to Squack Box. This is C. M. Beky Quick along with Andrew Ross
	...

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