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Squawk Pod

Facebook’s Foray into Crypto; The Democrats’ American Dream

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2543 Ratings

🗓️ 16 October 2019

⏱️ 34 minutes

🧾️ Download transcript

Summary

Facebook’s cryptocurrency venture is no longer Facebook’s alone. It’s complicated. The co-founder of the Libra project, David Marcus, explains the details. Plus, billionaire investor and long-time hedge fund manager Leon Cooperman debates the debate with Joe, Becky, and Andrew. The Squawk team agrees: today’s podcast is especially good.

Transcript

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0:00.0

Don't forget to subscribe to our new podcast. You're going to hear interviews from our guests, special behind the scenes content. What?

0:06.0

Taping us during the commercial breaks?

0:08.0

Right. I hope not. You'll also get the latest headlines.

0:11.0

Everything you expect from Squack Box Box you can look for us on Apple

0:13.8

Podcast or on your favorite podcast app.

0:16.4

Subscribe today. Bring in show music please.

0:22.1

This is Squack Pod, the daily podcast brought to you by the team behind Squawk Box.

0:26.2

NYC, this is NBC Control 2.

0:27.8

See, NBC's Essential Morning Show.

0:30.3

Every day get the best stories, debate, and analysis from the biggest names in business and politics.

0:35.0

All right, we're coming to our next.

0:36.0

Today, Facebook is so big it's making money, literally making money.

0:41.0

Libra is the social network's attempt to create a digital dollar, a government sanctioned

0:45.9

blockchain protocol currency.

0:48.2

We'll hear from the guy in charge who is contending with defection from major consumer partners

0:52.3

and pressure from regulators.

0:54.0

No one needs to trust Facebook to use Libra.

0:57.6

Then investor Leon Cooperman on Wall Street's response to the Democratic primary.

1:02.0

Stop portraying billionaires as criminals.

1:05.0

Our economy would be better off if we had more billionaires.

1:08.0

Just tax them.

1:09.0

Those stories and much more from baseball.

...

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