Cracking Open Coke & Spilling Media’s Meanest Secrets 02/14/23

Squawk Pod

CNBC

News, Business News, Investing, Business

4.2 • 543 Ratings

🗓️ 14 February 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

The New York Times columnist Jim Stewart is out with a new book chronicling the manipulations and secret machinations of Sumner Redstone’s final years and the battle for his media empire. “Unscripted,” co-authored by Rachel Abrams, follows the drama that built the Paramount-CBS-Viacom business–and it’s a real life “Succession” story. Coca Cola reported a beat on earnings this quarter, and CEO James Quincey discusses his company’s strategy for marketing, inflation, and premixed cocktails. CPI data reveals inflation for January rose 6.4% from a year ago, signaling a continuing–albeit slow–moderation in inflation’s climb. Plus, the White House is shuffling its economic team, Tesla workers are launching a unionization plan in New York, and NBC is reportedly hoping to win back the NBA. Happy Valentine’s Day! In this episode: James Stewart, @JamesStewartNYT Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pot.
0:08.0	The real thing? Coca-Cola CEO James Quincy,
0:12.0	Inflation, Skipping the Super Bowl, and a toast to new spins on old favorites.
0:17.0	The next big phase of this experiment is the launch of Jack Daniels and Coca-Cola.
0:23.0	So Jack and Coke is coming in a premix can.
0:26.0	And spilling the tea on Sumner Redstone's media empire.
0:30.0	New York Times columnist Jim Stewart
0:32.0	has a new book on the makings of Paramount Global,
0:34.8	and it's an intrigue to rival HBO.
0:37.2	It is very much like succession, although I have to say Logan Roy has nothing compared to Sumner Redstone.
0:44.2	Plus we're still obsessed with flying objects.
0:48.7	Tesla workers unionize, job changes at the White House,
0:52.0	and NBC wants the NBA back again.
0:55.0	Still unclear what the ultimate price tag would be.
0:57.0	Here's a hit. It's going to be high.
0:59.0	It is February 14th, happy Valentine's Day.
1:02.8	Then love is in the air.
1:04.4	Squack pod begins right now.
1:06.8	Stand Becky by in three, two, one, queue please.
1:11.3	Good morning everybody.
1:12.3	Welcome to Squackbox here on
	...

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