Debating the Breakup; Buffett’s Billionaire Giving; Aggression on the Airlines

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 23 June 2021

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

The House Judiciary Committee is debating a number of antitrust bills that could break up tech’s biggest players. OZY co-founder and CEO Carlos Watson and “Big Technology” Substack founder Alex Kantrowitz discuss the scope of antitrust legislation in 2021, and anticipate changes to Apple, Facebook, Amazon, and Microsoft as lawmakers inch nearer to regulation. In a new note, Warren Buffett announced that he’s halfway to his goal of donating all of his Berkshire Hathaway shares; he’s donated $41 billion to five philanthropies in the past 16 years, and he’s set to continue at the same pace. In a reflection on billionaire wealth and charitable giving, Buffett admits that Congress should reevaluate taxes for wealthy philanthropes. He also will resign from the Bill & Melinda Gates Foundation. Plus, unruly airline passengers are endangering other travelers and airline staff, and the markets are digesting the most recent comments from Fed chair Jerome Powell. 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. I'm C NBC producer Katie Kramer today on our podcast.
0:09.0	For Big Tech, size matters.
0:11.0	I see the rest of the world not creating these great companies
0:15.8	because of impediments or because of antitrust concerns. Congress debating six
0:20.7	bills on antitrust in the tech industry, and there's history on the line,
0:25.0	journalist Alex Cantruitz.
0:26.5	I think we're seeing an expansion of what antitrust means in this country.
0:30.4	We want to keep it now like we had in the 1890s, or do we want to move it into something a little bit more broad?
0:35.2	And Carlos Watson of Ozzy Media.
0:37.2	It's tough. It's not a black and white. You appreciate the innovation, but you also know that they're having massive societal impact not all the good not all
0:46.0	of it clear Warren Buffett emptying his pockets he has given away 41 billion
0:50.9	dollars over the last 16 years in these installments to these five philanthropies.
0:55.4	So he has given away half of his Berkshire Hathaway shares.
0:58.4	Ann Buffett speaking out on other billionaires giving.
1:01.8	Brings up the front, philanthropy is a hot topic right now and one that is
1:06.4	worthy for Congress to revisit the tax policy for charitable contributions.
1:11.6	Those stories today plus headlines from the Fed, Amazon, and really crowded airplanes.
1:17.0	It's Wednesday, June 23rd, 2021.
1:20.0	Squack Pod begins right now.
1:22.0	Stand Becky by. And three, two. one Squawk Pod begins right now.
1:22.8	Stand Becky by in three, two, one, fuel free.
	...

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