Closing the Racial Wealth Gap, International Spies, & a 6-Letter Word for Game Gone Viral

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 1 February 2022

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Black spending power reached a record $1.6 trillion in 2021, up 171% since 2000, but CNBC’s Frank Holland reports that Black Americans have seen their net wealth decline 14%. Bob Johnson, founder and chairman of RLJ Companies and founder of the BET Network, kicks off Black History Month with a discussion about closing the racial wealth gap. Johnson considers whether President Biden’s Build Back Better plan will ultimately improve economic mobility, and he lays out the biggest streaming players in media right now. FBI Director Christopher Wray delivered a speech on Chinese corporate espionage, saying the threat to the West from the Chinese government is “more brazen” and damaging than ever before. CNBC’s Eamon Javers reports on why LinkedIn could be a spy’s way in. Plus, Peloton is lowering expectations for its own performance, and The New York Times has bought Wordle. In this episode: Bob Johnson, @RLJOfficial Eamon Javers, @EamonJavers Frank Holland, @FrankCNBC Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squawk Pod. I'm C NBC producer Katie Kramer.
0:08.0	Today on our podcast kicking off Black History Month with B.E.T. founder Bob Johnson, finding America's path forward.
0:15.5	I'm not convinced Bill Bank Better the way to cost us allocated a transfer of government money
0:21.6	into program is going to close the wealth gap.
0:25.0	A warning from the FBI, mind your network.
0:29.0	International spies could be looking at you,
0:31.0	see NBC's Amen Jaffers.
0:32.0	LinkedIn is sort of God's gift to spies. be looking at you, see NBC's Amen Javers.
0:32.6	LinkedIn is sort of God's gift to spies and investigative reporters, right?
0:36.5	Because you can get a whole org chart of everybody inside an organization and
0:40.3	they post astonishing things.
0:41.8	Those conversations, plus Peloton, is lowering its own goals.
0:46.0	You bought the treble and then you started buying the clothes.
0:48.0	I mean that was part of it.
0:50.0	And DeWortle? The New York Times new by?
0:52.8	Is there a merger? Is that five letters?
0:55.2	No, merge would be five.
0:56.6	Merge.
0:57.3	Merge. Yeah, thanks.
0:59.7	It's Tuesday, February 1st, 2022. Squack Pod begins right now.
1:05.0	Stand Becky by in three, two, one, pure please.
	...

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