Elon Musk off Script; Jobless Claims with U.S. Labor Secretary; Former White House Insider Steve Bannon

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 30 April 2020

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tesla CEO Elon Musk’s expletive-laced rant and subsequent tweet about American shelter-in-place orders has Wall Street and Main Street abuzz. The rolling total of Americans who’ve filed for unemployment in the last six weeks has topped 30 million; U.S. Labor Secretary Eugene Scalia assures Americans that there’s reason to hold on to optimism. Plus, former White House insider Steve Bannon takes on China and warns that the Chinese Communist Party will have to answer to citizens around the world who wonder about its role in the pandemic’s spread.

Transcript

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0:00.0	This is Squawk Pod. I'm C. NBC producer Katie Kramer. Today on our
0:04.8	podcast Steve Bannon, the former White House Chief
0:07.6	strategist on what he says is China's role in the COVID-19
0:10.9	spread. The people of the world are going to demand an accounting.
0:14.5	They're going to demand a responsibility.
0:16.5	And the Chinese Communist Party is going to have to pay.
0:19.5	More than 30 million Americans
0:20.9	have lost their jobs in the last six weeks.
0:23.2	Labor Secretary Eugene Scalia joins us.
0:25.4	We came into this period of unemployment
0:27.6	by a very different path than, say, in the Great Recession,
0:30.4	and we'll go out by a different path,
0:32.0	and there's some reason for optimism there too.
0:34.0	Plus Tesla surprises Wall Street with a profitable quarter and on the earnings call CEO Elon Musk
0:39.6	drops the F-bomb in a rant against stay-at-home orders.
0:43.0	What the fucking? Excuse me.
0:44.4	Outrage, it's an outrage.
0:45.8	So it will cause great harm, not just to Tesla, but to any company.
0:49.0	While Tesla will weather the storm,
0:50.4	there are many small companies company that will not.
0:52.7	Effin Squacbox.
0:53.7	It's Thursday, April 30th, 2020.
	...

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