CVS Health CEO; “10,000 staffers are ready to vaccinate” & Starbucks’ 2021 Rebound

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 10 December 2020

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Food and Drug Administration votes today on whether to recommend the approval of Pfizer and BioNTech’s coronavirus vaccine for emergency use. CVS Health Chief Executive Larry Merlo said the company is ready to administer “vaccines into the arms of some of our most vulnerable populations” within 24 to 48 hours upon receiving its share of Covid-19 vaccines. Starbucks lost billions of dollars in sales this year due to the coronavirus pandemic, but sales in the United States and China have been rebounding faster than expected. Starbucks CEO Kevin Johnson discussed the company’s projections for 2021 as hopes rise over a coronavirus vaccine becoming available to the general public. Plus, consumers’ holiday spending plans in data from CNBC’s All America Economic Survey.

Transcript

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0:00.0	This is Squawk Pod. I'm C. NBC producer Katie Kramer. Today on our
0:05.8	podcast, The First COVID Vaccines Final Step. Pfizer's Vaccine
0:10.8	awaits emergency use authorization and pharmacies are getting ready to distribute.
0:15.3	CVS Health CEO Larry Merlow.
0:17.8	We will be in facilities within 24 to 48 hours of poverty seat.
0:22.2	Again, penny approval, you know, I'm confident that
0:24.8	we'll be in thousands of facilities before the Christmas holiday.
0:28.6	Starbucks lost billions in sales and closed hundreds of cafes this year due to the
0:32.1	pandemic, but CEO Kevin Johnson
0:34.3	says he sees a brighter future.
0:36.1	We've built the resilience within the company to adapt and we knew this recovery in this pandemic
0:40.8	would not be linear. And a lump of coal for retailers this holiday season,
0:45.0	the latest spending data from
0:47.0	C. N.C. All-America Economic Survey.
0:49.0	I hope it's better than we're thinking here.
0:51.0	Some people have money because they haven't spent
0:52.8	it on travel. Maybe it'll go into gifts. It's Thursday, December 10th, 2020,
0:58.1	Squack Pot begins right now. Good morning everybody. Welcome to Squawk Box here on
1:03.4	see and Beky Quick along with Joe Kernan and Andrew Ross
1:06.6	Sorkin. The United States is hitting some new milestones for the pandemic. The
1:10.9	death toll yesterday, 3,100, that's the single day record and the case count of
1:16.1	nearly 223,000 also broke the previous high water mark. The number of people
	...

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