Crumbling Infrastructure Talks; “Secretary Mayor Pete;” HBO vs. 5G

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 22 July 2021

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A failed Senate test vote dealt a blow to the bipartisan infrastructure framework, but the plan could have a chance to move forward again as soon as Monday. Transportation Secretary Pete Buttigieg believes there will be an infrastructure deal and said the Biden Administration’s “not trying to get gold-plated water pipes, just ones without lead.” AT&T beat analysts’ estimates for monthly phone bill paying subscriber additions in the second quarter, fueled by more Americans converting to 5G phones. Axios media reporter Sara Fischer discusses AT&T’s earnings report and what investors should know about the company’s outlook. Plus, Elon Musk speaks at a Bitcoin conference and PG&E’s decision to bury around 10,000 miles of power lines in an effort to reduce the risk of wildfires. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod.
0:05.0	I'm the NBC producer Katie Kramer.
0:07.0	Today on our podcast,
0:09.0	Pete Budajajed on crumbling infrastructure.
0:12.0	We're not trying to get gold-plated water pipes
0:14.9	to everybody.
0:15.5	We're just trying to keep ones that don't have any lead.
0:18.5	And the bipartisan talks crumbling too.
0:20.8	The Transportation Secretary weighs in on all of it.
0:23.2	It's a secretary, Mayor Pete.
0:25.8	I'll take it. I don't know if it rolls off the tongue.
0:28.4	Then AT&T divesting media assets and going back to phones, Sarah Fisher, Vaxios.
0:34.0	It's great for the first time we're hearing great things about the fundamentals.
0:38.0	We're not being distracted by this media stuff that quite frankly is not going to be as important to their business long term.
0:44.0	Those stories plus Elon Musk on Dogecoin and Bitcoin.
0:50.0	He doesn't dump.
0:51.0	Bitcoin.
0:52.0	Everybody dumps, right?
0:53.0	There's a book written for kids called that, isn't there?
0:56.0	I think it's everybody poops.
0:57.0	Oh, okay.
	...

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