D’Amelios TikTokking to the Bank & Insurers Teaming up with Mark Cuban 8/17/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 17 August 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dad-ager Marc D’Amelio discusses the 200 million+ TikTok followers that his two daughters Dixie and Charli D’Amelio have amassed in the past few years. In the content creating family’s latest IRL venture, D’Amelio Brands is getting into the food business. Insurer Blue Shield of California is teaming up with Amazon and Mark Cuban’s online pharmacy Cost Plus; CNBC’s Bertha Coombs discusses the move away from traditional drug store chains, the pressure it’s putting on CVS, and how much money each player is hoping to save consumers. Plus, options activity put pressure on the S&P 500 this week, NYC has banned TikTok on government devices, and Buy Buy Baby stores are making a comeback. Bertha Coombs - 14:32 Marc D’Amelio - 23:38 In this episode: Marc D'Amelio, @marcdamelio Bertha Coombs, @berthacoombs Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Kelly Evans, @KellyCNBC Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squawk Pod and I'm C. N.C. producer Cameron Costa.
0:08.0	Today on our podcast,
0:10.0	The first family of Tik-Toc breaks into the food market.
0:15.0	Mark DeMellio, manager and dad of Charlie and Dixie DeMellio,
0:19.7	cashing in on the family's 228 million followers.
0:25.0	I think one thing I would say to all the creators out there
0:28.0	that your following doesn't equate to customers,
0:31.0	you really have to do the work. California's Blue Shield and big pharma deal and see nbicombs has the details.
0:44.3	This is just a second health insurer to sign with Koss plus.
0:47.4	I asked Mark Cuban how hard it has been to win them over and he told me there are a lot of bad habits they need to break.
0:55.0	Plus a market sell-off rooted in options action, a Tik-Toc ban in New York, Bye-By Babies Back, and...
1:04.0	The 10-year at 4.290.
1:08.0	Oh my gosh.
1:09.0	The 10-year bond yield hitting a 15-year high. This is the bad kind though. This is the bad
1:15.4	disinversion. Our favorite T-bill fan Kelly Evans joins Joe and Andrew. Now at
1:21.8	430 you can get an appetizer. It's Thursday, August 17th,
1:26.6	2023 and Squawk Pod begins right now. Stand under by and three three two one Q and
1:34.0	Andrew.
1:36.0	Good morning welcome to swapbox right here on see and be see
1:39.0	we're live at the Nasdaq market site at Times Square
1:40.5	I'm Andrew Ross Sorkin along with Joe Kernan and Kelly Evans who is back for an
	...

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