China & the World Bank; CVS’ Evolution; AI Learning

Squawk Pod

CNBC

Business News, Business, Investing, News

4.2 • 543 Ratings

🗓️ 5 December 2019

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Hedge fund manager Kyle Bass says China gets too much in loans from the global community. Rep. Anthony Gonzalez (R-OH) has introduced a bill, the Accountability for World Bank Loans to China Act, to make China graduate from the program that lends money to developing countries. Gonzalez tells Becky Quick, Joe Kernen and guest host Tom Farley that China’s economy is too big to qualify. CVS Health CEO Larry Merlo lays out how the company has changed one year after its Aetna acquisition and how it will play a role in healthcare in 2020. Amesite Founder & CEO Ann Marie Sastry says education in artificial intelligence can help today’s workers survive tomorrow.. The Squawk gang and reporter Phil Lebeau discuss United Airlines’ announcement that its CEO Oscar Munoz will step down in May and President Scott Kirby will take over running the airline.

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod, the daily podcast brought to you by the team behind Squawk Box.
0:08.0	NYC, this is NBC Control 2.
0:10.0	See, NBC's essential morning show.
0:12.0	PCR2. Every day get the best stories, debate, and analysis. see Two CEO stories, CVS Health's leader Larry Merleau.
0:23.5	We have an opportunity putting the consumer at the center of our strategy
0:27.5	to transform the way health care is delivered in our country.
0:30.1	And United Airlines announcing a change at the top. This was a clown car of ineptitude when Oscar Munoz took over.
0:36.4	Hedge fund manager Kyle Bass says China doesn't need loans from the World Bank.
0:40.7	The largest strategic military competitor in the world
0:43.4	that the US has and we keep giving them billions of dollars. It's crazy.
0:47.0	And artificial intelligence changing the workforce.
0:50.0	We have to use machines and use algorithms not only to learn but to conduct business.
0:57.0	I'm the NBC producer Katie Kramer. It's Thursday, December 5th, 2019, Squawk Pod begins right now.
1:04.0	Stand Becky by in three, two, one, fuel, please.
1:08.0	Good morning, everybody.
1:09.0	Welcome to Squawk Box here on C.
1:10.8	We are live from the NASDAQ market site in time square.
1:13.2	I'm Becky Quick along with Joe Kern and Andrew is off today but filling in we have
1:16.9	Tom Farley he's the CEO of Farpoint Acquisition Group former president of the
1:21.2	nyse and a CMBC contributor.
1:23.3	Good morning, Tom.
	...

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