Cathie Wood’s New ETF, Policing the Internet & Apple’s China Dealings

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 9 December 2021

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Cathie Wood, CEO and CIO of Ark Invest, says bitcoin’s value could go up by $500,000 over time as hedge funds and other large investors move in. She also shared her most recent thoughts on Twitter, Tesla, as well as details on Ark Invest’s newest exchange-traded fund. Instagram CEO Adam Mosseri, testified for the first time before Congress and refused to commit to permanently ending the paused plans to create a version of the platform for kids under 13. Lawmakers expressed frustration and distrust of the service, owned by Meta, which recently changed its corporate name from Facebook. Apple promised China's government it would make economic investments worth hundreds of billions of dollars. CNBC’s Jon Fortt argues if that was wise, or worrisome. Plus, Starbucks employees in the Buffalo, New York-area have concluded their unionization votes, which are set to be tallied today. In this episode: Cathie Wood, @CathieDWood Jon Fortt, @jonfortt Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music please.
0:04.0	This is Squawk Pod. I'm C NBC producer Katie Kramer today on our podcast.
0:10.0	Kathy Wood, the high profile money manager, Arc Invest CEO, is doubling down on innovation-focused
0:16.3	stock picks like coin-based, Tesla, and Tele-Doc.
0:19.4	I know the most seasoned investors are saying that our stocks have been in a bubble-like
0:24.4	territory we couldn't disagree more. Social media risks, regulation and
0:30.8	across the metaverse. I see people getting married in the
0:33.6	metaverse now. God it could have been so much better looking as a groom you know
0:37.8	what I mean. Plus Apple made a secret five-year deal with the Chinese
0:41.9	government. See NBC's John Ford on the case. secret five-year deal with the Chinese government?
0:42.6	See NBC's John Ford on the case.
0:44.6	You got to think these companies, these CEOs have got to have a red line somewhere
0:48.7	and a plan B and what they will actually do if and probably when the government asked them to do
0:54.3	something and maybe insists on it that they're just not willing to do.
0:58.6	Those stories plus unions maybe coming to Starbucks.
1:02.0	I wouldn't like to be dealing with a lot of the public that come in and something's wrong with my latte.
1:07.0	I mean everybody should have the right to union on this if they decide.
1:10.0	It's Thursday December 9, 2021.
1:13.0	Squawk Pod begins right now.
1:15.0	Stand Becky by in three, two, one,
1:18.0	fuel, please.
1:20.0	Good morning everybody.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.