De-escalation in Ukraine; Warren Buffett’s $1B ATVI Buy; Tommy John’s New Bedmate

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 15 February 2022

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Russia appears to be backing away from an immediate invasion of Ukraine, cooling geopolitical tensions that have knocked the stock market down the last three days. Daleep Singh, deputy national security advisor for international economics and a deputy assistant to the President, discusses the Russia-Ukraine border crisis and confirms that the U.S. is prepared to levy severe sanctions on Russia, should President Putin pursue an invasion. Warren Buffett’s Berkshire Hathaway bought roughly $1 billion in Activision Blizzard shares during the fourth quarter, right before Microsoft agreed to buy the video game maker. Plus, underwear company Tommy John sealed a deal with former PVH chairman and current partner at PE firm LNK Partners, Manny Chirico, who has joined the company’s board of directors. Tom Patterson, Tommy John co-founder and CEO, joins Manny Chirico to discuss their new partnership. In this episode: Tom Patterson, @tompattersonnyc Matt Bradley, @MattMcBradley Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod.
0:06.0	I'm C. NBC producer Katie Kramer.
0:08.0	Today on our podcast.
0:09.0	Russia pulling troops back from the Ukrainian border and Deputy National
0:13.6	Security advisor DeLeep Singh says the US is aiming to keep it that way.
0:17.8	As with all things Russia actions speak louder than words, if there's a troop or a tank
0:22.3	that crosses the border we're ready to impose
0:24.9	the most severe sanctions ever levied on Russia. And we're going DTC direct to
0:30.3	consumer. Men's brand Tommy John has nabbed a new partner to help meet
0:34.5	buyers anywhere. The former CEO behind names like Tommy Hilfiger and Calvin Klein
0:38.8	Manny Chirico. This brand, when you think about the Tommy John brand, has the potential to be a billion dollar
0:45.6	global lifestyle brand. It has that kind of consumer recognition.
0:50.3	Those stories, plus Whale Watching, a surprising new investment at Warren Buffett's Berkshire Hathaway
0:55.4	and Joe Kernan is back and licking his wounds from Super Bowl 56.
0:59.7	I shouldn't have gotten back on the bandwagon, bottom line.
1:02.2	Yes.
1:03.6	It's Tuesday, February 15, 2022.
1:06.6	Squackpot begins right now.
1:09.0	Stand Becky by in three, two, one, cue please.
1:13.7	Good morning everybody.
1:14.9	Welcome back to Squackbox here on C.
	...

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