BlackRock’s Larry Fink; Johnson & Johnson’s Vaccine Study

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 13 October 2020

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Larry Fink, co-founder, Chairman, and CEO of BlackRock, gives his outlook for the markets, the U.S. economic recovery, and fiscal stimulus. For the second time, BlackRock, the world’s largest money manager, is working with the Federal Reserve to help prop up the American economy. Larry Fink considers the promise of SPACs and retail investing platforms like Robinhood, and he underscores the role corporations can play in curbing climate change. Plus, Johnson & Johnson’s Covid vaccine study is paused after a participant reported an illness. Dr. Zeke Emanuel, former White House Health Care Policy Advisor to President Obama, explains that pauses are part of standard scientific inquiry. In a new research letter for the Journal of the American Medical Association, Dr. Emanuel compares America’s response to the pandemic with other similarly populated OECD countries.

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	Larry Fink, co-founder chairman and CEO of the world's largest asset manager Blackrock. Amid market health and political
0:14.6	uncertainty, think says monies still moving. We are seeing a record amount of
0:19.8	retail participation in the marketplace.
0:22.6	Across the board, the average investor is putting more and more money to work.
0:27.2	The Wall Street icon considers equitable rescue for the American economy.
0:31.4	Monetary policy, which I've always talked about,
0:33.8	creates more income inequality
0:35.4	because monetary policy lifts financial assets
0:38.5	and it is really mostly the wealthy people
0:40.8	who own all the financial assets. and that's why fiscal stimulus is so
0:44.3	important and Larry Fink on the brave new world of SPACs. I think SPACs could
0:50.0	replace many private equity platforms.
0:53.0	That interview plus Johnson and Johnson's COVID vaccine study is on pause.
0:58.0	Health Policy Advisor for the Obama White House Dr. Zeke Emanuel.
1:01.5	This is actually standard process for every research study.
1:04.8	You get a serious adverse event, you investigate it.
1:08.1	It's Tuesday, October 13, 2020,
1:10.7	Squawk Pod begins right now.
1:13.6	Good morning everybody.
1:14.6	Welcome to Squawk here on C.
1:16.7	I'm Becky Quick, along with Joe Kernan and Andrew Ross Sorkin.
	...

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