Disney’s Q1; Elon-gated Wealth; Memes from the SOTU

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 5 February 2020

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Trump delivered his third State of the Union address to a divided House Chamber. Andrew Ross Sorkin, Brian Sullivan, Michelle Caruso-Cabrera, and Eamon Javers discuss tension in the Capitol and House Speaker Nancy Pelosi’s meme-able moment. Disney’s first quarter results gave investors a glimpse of the financials for Disney+; leading media analyst Michael Nathanson and CNBC contributor and NYT columnist Jim Stewart digest comments from Bob Iger and the streaming strategies for legacy media companies. Tesla added $20B in market cap in a single day, and Elon Musk has more than one reason to celebrate. Plus, Casper has cut its IPO price range, Iowa’s results are in (mostly), and Nike is temporarily closing half its stores in China due to coronavirus concerns.

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod, the daily podcast brought to you by the team behind Squawk Box.
0:09.0	NYC, this is C. M.C. Control 2.
0:10.0	CMC.'s essential morning show. Every day get the best stories, debate, and analysis from the biggest names in business and
0:17.6	politics.
0:18.6	All right, we're coming to it next.
0:19.6	Today on Squack-POD, President Trump's State of the Union address,
0:23.3	and its very divided reception in the House chamber.
0:26.2	When people say it's never been this bad,
0:27.9	because so well, there were time when people were dueling,
0:30.6	we haven't seen actual fista cuffs yet in Congress, but you do get the sense watching this that maybe we're not that far from it.
0:36.5	Disney's first quarter results are out, New York Times columnist Jim Stewart.
0:41.2	The big big question about about Disney which was essentially could
0:44.0	have survived the streaming revolution has now been answered and I agree the
0:47.4	question is yes. And the Tesla stock rocket adding 20 billion dollars to its market cap in one day,
0:55.2	and giving Elon Musk yet another reason to bust a move.
0:59.4	Did you realize he's now crossed the second threshold for his compensation plan.
1:04.2	His wealth is being elongated.
1:06.4	Those stories and so many more from Washington to Iowa and all the Casper mattresses in between. I like a pull on top. I'm
1:13.9	Cebc. It's Wednesday, February 5th. Squawk Pod begins right now.
1:19.3	Stand under by and three, two, one, few landers. Good morning, welcome to Squawk. nearby in three two one two lander good morning welcome
1:24.7	Scott box right here on cn't be seen we're live from the
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