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Squawk Pod

Dr. Scott Gottlieb & the CDC Reorg; Walter Isaacson & the Other Side of Elon Musk 8/18/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2543 Ratings

🗓️ 18 August 2022

⏱️ 32 minutes

🧾️ Download transcript

Summary

After internally reviewing its own response to the covid-19 pandemic, the CDC has concluded, there’s room for the agency to improve. Director Rochelle Walensky has announced her plan to restructure the CDC, and in so doing to improve future responses and to rebuild public trust in the organization. Dr. Scott Gottlieb examines the road ahead for the CDC and Washington’s role in improving it. While Wall Street and Twitter still reel from the latest Elon Musk antics, biographer and Tulane professor Walter Isaacson details the little-seen side of the quirky billionaire; as he writes Musk’s biography, Isaacson reveals that there’s much more to Tesla’s CEO than his tweets. Plus, we’re decrypting the Federal Reserve’s July minutes and unpacking the roller coaster trades for Bed Bath & Beyond and other meme stocks this week. In this episode: Walter Isaacson, @WalterIsaacson Dr. Scott Gottlieb, @ScottGottliebMD 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

Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pot.

0:08.0

A Mem Stocks missed Signals.

0:11.0

I think a lot of people got this story wrong, possibly including us yesterday, definitely

0:15.5

including Wall Street yesterday.

0:18.2

Bed Bath and Beyond's Big Buy from a Reddit star.

0:21.6

The options were bought back in March

0:23.1

when the stock was trading at about $16.

0:25.6

That may be a big sell.

0:27.0

He clearly saw everybody piling into the stock

0:29.9

and he decided he was going to run for the hills.

0:32.8

The nation's top health agency looking inward.

0:35.8

It's time, says Dr. Scott Gottley.

0:37.8

I don't think CDC ever had the operational capability

0:40.2

to run a national response to a pandemic at this scale.

0:43.5

I think we were wrong to assume that it did.

0:45.2

And that's the original mistake we made.

0:47.1

Plus, the extremely online, Elon Musk,

0:49.9

keeps Twitter, Wall Street newsrooms a buzz.

0:52.1

Was he really behind that team?

0:53.5

But he is not horsing around,

0:55.2

says Arthur Walter Isakson.

...

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