Fallout for Fox, AI in the Markets, & News at Netflix 04/19/23

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 19 April 2023

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Fox Corp. has agreed to pay $787.5 million to Dominion Voting Systems to settle a defamation lawsuit over false claims that Dominion’s machines swayed the outcome of the 2020 presidential election. Tom Rogers, Gamesquare executive chairman, and Barton Crockett, Rosenblatt Securities senior analyst, discuss the fallout from Fox Corp’s defamation lawsuit settlement and the future of Fox. CNBC’s Eamon Javers also discussed the settlement with Hootan Yaghoobzadeh, co-founder of Staple Street Capital, the private equity firm that owns Dominion Voting Systems. Nasdaq CEO Adena Friedman discusses A.I.’s role in the markets and how the exchange is implementing the technology for safety and efficiency. Plus, Google is launching its first foldable smartphone, and Netflix delays its password-sharing crackdown. In this episode: Adena Friedman, @adenatfriedman Eamon Javers, @EamonJavers Joe Kernen, @JoeSquawk 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.
0:09.0	A major media story, Fox News and Dominion Dominion reaching a last minute settlement before trial.
0:16.2	If I was a shareholder, I might sue them for how badly they handled the suit.
0:19.8	$787 million, and it may just be the beginning of legal troubles for Fox's board.
0:25.4	Does that mean that they're fired?
0:26.7	Do they have insurance against this?
0:28.2	Are they being sued for hundreds of millions of dollars that they have or don't have?
0:31.9	Is Rupert Murdoch personally being
0:33.4	sued and what's moving the markets the spacks of the past and the AI of the future
0:39.7	with NASDAQ CEO Adina Friedman. The regulators really need to think about how can this technology actually be harnessed for the right purposes?
0:47.8	How can we bring it into the markets?
0:49.3	How can we bring it into the financial system in a way to protect it.
0:53.6	All that today, plus the dreaded green text bubble,
0:57.0	a new move for Lulu Lemon, and Netflix makes a big change.
1:01.0	I didn't realize they still were doing that. You have a DVD player?
1:04.1	There's one in the basement. Do you have a beta max?
1:05.9	It's Wednesday, April 19th, 2023, Squawk Pod begins right now.
1:12.3	Stand Becky by in three, two. Squack pod begins right now.
1:12.6	Stand Becky by in three, two, one, queue please.
1:17.0	Good morning everybody.
1:19.0	Welcome to Squack Box right here on CMBC.
	...

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