DoorDash Delivers App Changes & Paul Ryan Speaks on Bidenomics 6/28/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 28 June 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

President Joe Biden will tout his economic agenda in remarks today as he campaigns for a second term. The president’s plan, which the White House dubbed “Bidenomics,” aims to “move beyond” the “trickle down” economic theory that it says disproportionately benefits the wealthy and big corporations. Former House Speaker Paul Ryan discusses the state of the U.S. economy, whether ‘Bidenomics’ is working, and the Fed’s inflation fight. DoorDash co-founder and CEO Tony Xu discusses the most significant app revamp in company history, including changes to how delivery workers get paid. Severe weather and staffing shortfalls have prompted thousands of flight delays and cancellations since the weekend. Plus, Costco is cracking down on shoppers who are using other people’s membership cards. In this episode: Tony Xu, @t_xu @DoorDash Paul Ryan, @SpeakerRyan Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer today on Squack Pod.
0:09.0	Baidonomics, America's debt and inflation, and staying economically competitive,
0:14.8	former House Speaker Paul Ryan joins us.
0:17.1	If we want to beat China and out-compete,
0:19.2	unleash our entrepreneurs and our innovators and get faster economic growth.
0:22.8	But if you want to run capitalism through government
0:25.1	like China does, I don't think we're going to win that bidding war.
0:27.8	A lively conversation with this Republicans take on the next election.
0:31.9	I'm for anybody not named Trump.
0:33.5	I think we beat Biden for sure
0:35.4	if we nominate a Republican not named Trump.
0:38.2	And big changes afoot for Door Dash couriers,
0:41.8	the chance for gig workers to opt in to hourly wages.
0:45.4	Door Dash CEO Tony Schu.
0:47.2	They're literally set and designed to have roughly the same earnings in either choice,
0:52.2	so that dashers don't have to feel like they're
0:54.2	missing out or being advantaged or disadvantaged depending on their preference.
0:59.2	Plus summer travel headaches just beginning and Costco cracking down on non-members like taxes some people pay them some people don't no I just think I'd still want the sales
1:09.4	It's Wednesday June 28 28th, Squack Pod begins right now.
1:14.0	Stand Becky by in three, two, one, queue please.
1:19.0	Good morning.
	...

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