Blackrock & Bitcoin, Bill Gates & Xi Jinping, PGA Tour & LIV Golf 6/16/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 16 June 2023

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Bill Gates has met with Chinese President Xi Jinping, just days before U.S. Secretary of State Antony Blinken arrives in the country. CNBC’s Eunice Yoon reports on the U.S.-China relations critical to their meetings. Rep. Ro Khanna (D-CA) represents Silicon Valley, but he’s on a tour of the rust belt; he explains how tech and factory jobs will be interconnected in generations to come. Plus, asset management giant Blackrock has filed to launch a spot bitcoin ETF, Mediterranean fast casual chain Cava made its debut on the NYSE in 2023’s best performing IPO so far, and the Department of Justice’s antitrust division is looking into the PGA Tour-LIV Golf merger. In this episode: Rep. Ro Khanna, @RepRoKhanna Eunice Yoon @onlyyoontv Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squawk Pod and I'm C. NBC producer Cameron Costa.
0:08.0	On today's podcast, California Congressman Ro Kana is touring other states, the tech and factory jobs that are the entire country's business.
0:19.0	For 40 years we allowed jobs to move offshore, 70,000 factories closed in this country between 2010.
0:26.8	We need a manufacturing renaissance.
0:28.8	Black Rock is betting on Bitcoin,
0:32.0	and inflation is still going strong.
0:35.0	My crappy sweet in Rocky Mount North Carolina was $200 last year.
0:39.0	It's $450 this year.
0:41.0	That's inflation.
0:42.0	It's free breakfast, but...
0:43.0	Plus, leaders head to China. Bill Gates is sitting down with President
0:47.8	She just days before the Secretary of State arrives.
0:51.8	CNBC's Eunice Eun. The fact that he's coming here at... Secretary of State arrives, C.N. C. N. C. N. C. N. S. Yune.
0:54.0	The fact that he's coming here at all is seen as an attempt to thaw the very tense relationship.
1:00.0	And the Gulf U.S. Open teas off amid the DOJ's antitrust concerns on the green.
1:08.0	The only thing that to me I can see that they've actually agreed on is that they're withdrawing their lawsuit against each other.
1:13.2	We're gonna stop bashing each other.
1:14.6	Right, right.
1:15.9	It's Friday, June 16, 2023, and Squackpad begins right now.
1:21.9	Stand Becky by in three, two, one, queue please.
1:26.4	Good morning everybody.
	...

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