Elon Musk, “A Bona Fide Texan,” & Wall Street’s Scandals, from Goldman Sachs to Tapestry

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 24 July 2020

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Texas Governor Greg Abbott discusses the new $1B Tesla factory moving into Austin. After issuing a statewide mask mandate, Governor Abbott explains his strategy for keeping Texan businesses open amid rising coronavirus cases. The U.S. and China are in a diplomatic spat that’s escalating quickly, and the highly anticipated big tech hearing on the Hill has been postponed. Plus, two Wall Street scandals: Goldman Sachs has reached a settlement with Malaysia, putting the star-studded 1MDB debacle to bed, and Coach & Kate Spade parent Tapestry’s CEO abruptly resigned as questions about his past behavior came to light. Vanity Fair special correspondent and CNBC contributor William Cohan chronicles how what started as a profile on Jide Zeitlin turned into a bizarre discovery of a double life. Happy National Tequila Day!

Transcript

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0:00.0	This is going to be Squawk Pod. I'm C. NBC producer Katie Kramer today on our
0:05.9	podcast. The consulate closures between the US and China a diplomatic spat that's
0:11.1	quickly escalating. I think this is going to be a political football coming up in the election, China.
0:17.0	Governor of Texas, Greg Abbott, on recovering from rising coronavirus cases.
0:21.4	We're going to be fine and we will continue through this
0:24.6	process to make sure that Texas remains a premier environment globally for
0:29.8	the location of businesses. And Elon Musk, newest Texan in the Lone Star State.
0:34.6	He changed his license from a California license to a Texas license already.
0:40.6	And so he is a bonafide Texan now.
0:43.0	Those stories, plus catching up on Wall Street scandals this Friday,
0:47.0	how the 1MDB scheme went from Jets, Yachts, and Andy Warhalls
0:50.0	to a settlement between Golden Sachs and Malaysia and the double life of Tappestries
0:54.7	former CEO, how we managed both and how it all fell apart.
0:58.4	The board did not do its due diligence on G-Day's Island.
1:01.4	It wasn't that hard, believe me.
1:03.0	It's Friday, July 24th, 2020 National Tequila Day.
1:08.0	Ander, do you have that tequila handy? I could use it. I got it right here.
1:11.0	Squawk Pot begins right now.
1:14.0	Good morning, welcome Squawk Box, right here on
1:17.0	on C.N.
1:18.0	I'm Andrew Ausorkin, along with Joe Kernan.
1:20.0	We should be playing just the two of us, Joe.
	...

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