Citigroup’s Ray McGuire: Maybe This Time It’s Different

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 10 June 2020

⏱️ 31 minutes

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Summary

Ray McGuire, Vice Chairman of Citigroup, calls for executive action in response to the deaths of George Floyd, Breonna Taylor, Ahmaud Arbery, and other Black Americans. He recommends companies work to close the opportunity gap in the U.S. with investments in early education technology for Black communities. As he recounts his own journey to Wall Street boardrooms, he says, “It’s not about me...it’s about all of those kids who look like me.” As nationwide protests of systemic racism continue, states across the country attempt to reopen their economies and stem a resurgence of Covid-19. Former FDA Commissioner Dr. Scott Gottlieb discusses the uncertain path ahead and highlights which states are on the right track.

Transcript

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0:00.0	This is Squawk Pod. I'm C. NBC producer Katie Kramer. Today on our
0:05.3	podcast, Getting Back to Normal after coronavirus, is that possible?
0:10.1	Scott Gottlieb, former FDA head, weighs in on a possible second wave.
0:14.4	Politically, we're going to tolerate a lot more spread going forward than we did on the first go-around.
0:18.8	And in some respects, we're in better position to do that.
0:21.2	And the politics of pandemics. I think it's going to be very hard
0:24.6	for these governors and mayors to go backwards including the federal government
0:28.1	especially heading into an election cycle. And a conversation with cities vice
0:32.3	chair Ray McGuire on what could be a pivotal moment in American history.
0:36.2	Remember, we know the roll call of the innocent dead from Emmett Till to Trayvon Martin to Ammon Arbury to Brianna Taylor to Eric Garner and not a Floyd.
0:47.6	Maybe this time, maybe this time, maybe this time it's different.
0:51.8	The role corporate leaders can take in ensuring that six weeks, six months,
0:55.4	six years from now, those names won't be forgotten.
0:58.3	I applaud the $10 to $100 million gifts and the rel relatable messages we've been there before.
1:05.9	Let this not just be another stop by another grave marker.
1:10.7	It's Wednesday June 10th 2020 Squawk Pot begins right now.
1:15.0	Good morning, everybody.
1:17.0	Welcome to Squawk Box here on C.
1:18.0	I'm Becky Quick, along with Joe Kernan and Andrew Ross Sorkin.
1:22.0	An update right now on the pandemic. Global cases have
1:24.7	topped 7.2 million with the nearly 2 million of those in the United States.
1:29.1	Texas, one of the first states to loosen restrictions, saw its second straight day of record
	...

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