Boeing CEO on Airline Bailouts; Covid-19 Test Ramp Up

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 24 March 2020

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

“If there is no government support…we can still find our way to the other side. But if it goes on for 8 months, probably not.” Boeing CEO Dave Calhoun considers the future of his company with and without an industry bailout. Covid-19 test producer LabCorp is rolling out 20,000 tests per day. CEO Adam Schechter urges Americans to continue social distancing while healthcare companies and the government work to curb the pandemic.

Transcript

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0:00.0	This is Squawk Pot. I'm C. M.C. producer Katie Kramer. Today on our
0:05.1	podcast, Test Provider Lab Corps on the front lines of the fight against
0:09.3	pandemic. And the CEO says 100,000 weekly tests are still not enough.
0:14.4	I believe social distancing has to continue under all circumstances in the foreseeable future.
0:20.4	And begging for a multi-billion dollar bailout, Boeing CEO David Calhoun.
0:24.8	The best option, the simplest option, is an injection of liquidity and a reopening of the credit market.
0:32.0	Two CEOs, two takes on lifting the world
0:34.6	from COVID turmoil.
0:36.3	It's Tuesday, March 24, 2020,
0:38.8	Squackpot begins right now.
0:40.9	Stand Becky by in three, two, one, queue please.
0:45.3	Good morning everybody.
0:46.3	Welcome to Squawk Box here on C.
0:48.2	I'm Becky Quick, along with Joe Kernan and Andrew Ross
0:50.6	Sorck and we are watching. First up on today's podcast, over a billion people worldwide are under shelter and place orders.
0:58.6	As governments, health care workers and drug makers attempt to curb the coronavirus pandemic, one of the companies on the front
1:04.8	lines of this pathogen fight, Lab Corp.
1:07.8	Lab Corp ramping up testing capacity for COVID-19, that company announcing last week it has the ability now to perform
1:14.8	20,000 tests per day.
1:17.4	Joining us right now on the phone to talk about it is Lab Corp CEO.
1:21.1	Adam Schechter, good morning to you, Adam, and thank you for joining us.
1:25.0	You know, we're having a big conversation about testing and the key and importance of testing.
	...

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