BlackRock’s Fink: Masks are needed to avoid future economic shutdowns

Squawk Pod

CNBC

Investing, Business, News, Business News

4.2 • 543 Ratings

🗓️ 17 July 2020

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

The U.S. reported another record one-day spike in new Coronavirus cases on Thursday as outbreaks continue to worsen across the country, particularly in Texas, Florida and California. A growing number of politicians, health and business experts, including BlackRock CEO Larry Fink, are advocating mask-wearing amid concerns about the possibility of having to shut down the U.S. economy again to contain the spread. Fink also discussed the asset manager’s position on environmental, social and governance (ESG) issues and how a young generation of America’s workers are being shaped by the crisis. Plus, the Coronavirus continues to affect Netflix, Twitter, cruise companies … and Joe Kernen tries to tell the difference between the Hemsworth brothers.

Transcript

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0:00.0	This is Squawk Pod. I'm C. NBC producer Katie Kramer today on our podcast.
0:07.0	Black Rocks Larry Fink, the CEO of the world's largest money manager on getting past COVID-19?
0:12.8	We need politicians.
0:14.3	We need business leaders to show more compassion.
0:18.0	We need to be more courageous.
0:20.3	We were witnessing many, many states reopening, but reopening without wearing masks.
0:26.0	I mean, we need a world of compassion, and that compassion is meaning wearing a mask.
0:32.0	And learning from the 2008 financial crisis.
0:35.0	These are very different policies and programs than 2008.
0:38.0	I think our present situation is far more difficult because it's touching so many parts of our economy.
0:45.8	Plus, the coronavirus continues to impact some of America's most watched companies,
0:50.6	Netflix, Twitter, and cruise ships.
0:53.0	The CDC announced it's going to ban U.S. cruises through September, and I wonder if they were booked.
0:58.0	It's Friday, July 17, 2020, Squawk Pie begins right now.
1:03.6	Good morning everybody.
1:05.1	Welcome to Squack Box here on CNBC.
1:07.6	I'm Becky Quick, along with Joe Kernan.
1:09.9	Andrew is off today.
1:11.6	Joe, it's Friday.
1:12.8	It's somebody's birthday tomorrow, too.
1:16.4	Trying to get to you early.
1:17.4	Somebody's birthday.
	...

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