Game Day Bets & Snacks with Goldbelly CEO, and Carlyle’s David Rubenstein: No Recession Coming

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 8 February 2022

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carlyle Group co-founder David Rubenstein says investors should not expect rising inflation or a major stock market downturn to spiral the United States into a recession. Rubenstein shares his market outlook and the impact of growing tensions between Russia and Ukraine. Millions of Americans are expected to bet on the Super Bowl this weekend. CNBC’s Contessa Brewer reports on what has changed as states move to legalize sports betting. Goldbelly founder and CEO Joe Ariel breaks down the game day favorites accompanying those football bets and discusses a surge in food e-commerce amid omicron and inflation. Plus, Dan Ives, Wedbush Securities senior equity analyst, discusses a shakeup at Peloton as John Foley announces his plans to step down as CEO and a slew of layoffs. In this episode: David Rubenstein, @DM_Rubenstein Joe Ariel, @JoeAriel Dan Ives, @DivesTech Contessa Brewer, @contessabrewer 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.
0:04.0	This is Squawk Pod. I'm C. NBC producer Katie Kramer.
0:08.0	Today on our podcast.
0:10.0	Peloton, CEO John Foley is unclipping from his head bike a shake up amid takeover rumors on Wall Street.
0:16.8	Peloton will cut roughly 2,800 jobs as part of all this, and that's about 20% of its corporate positions.
0:23.0	And inflation nation, billionaire investor David Rubinstein says he's not too worried about it.
0:29.0	I don't think the economy is in dire shape. I don't think anything like a recession is isn't imminent and so I do
0:35.2	think you'll have a little air out of a bubble a little bit of a correction but nothing
0:38.8	that I would say is unduly you know nerve-wracking. Those stories, plus Super Bowl snacks from your favorite neighborhood.
0:46.0	We're talking to Goldbelly CEO Joe Ariel.
0:49.0	Basically, we've made the entire country, and eventually the world one ecosystem one platform where you can actually
0:56.1	experience your favorite foods no matter where they are and fashion tips in spite of rising costs.
1:03.3	That Fanny Pack of yours is Chinnell.
1:05.2	Good.
1:07.4	It's Tuesday February 8, 2022.
1:10.2	Squack Pod begins right now.
1:12.3	Stand Becky by in three, two, one, fuel-free.
1:17.0	Good morning everybody.
1:18.0	Welcome to Squack Box right here on CMBC.
1:21.0	I'm Becky Quick, along with Joe Kernan and Andrew Ross
1:23.2	Sorkin who apparently both got haircuts yesterday. Is that the case? I did not
1:28.1	get a haircut. Oh you guys just look good. I just just styled my hair so so looking pretty nice I did not I did not although what I'd like to think that I
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