Gary Vee’s Wine Deal; Cisco Systems CEO

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 2 July 2020

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Gary Vaynerchuk, the entrepreneur behind VaynerMedia, VaynerX, and Empathy Wines has struck a deal with Constellation Brands. The internet celebrity discusses why Constellation’s Empathy acquisition is a match made in the heavens with Constellation’s President of Wine and Spirits, Robert Hanson. Vaynerchuk, followed by over 12 million social media accounts, calls out corporations pulling their advertising from Facebook, calling those companies “hypocritical.” Chuck Robbins, CEO of telecom company and WebEx owner Cisco, discusses his organization’s role in global connectivity in a time of two crises. Plus, big tech’s CEOs are gearing up for testimony on the House floor, and companies and state governments are rolling back their plans for reopening.

Transcript

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0:00.0	This is Squawk Pod. I'm
0:03.4	C. NBC producer Katie Kramer today on our podcast.
0:06.8	McDonald's Apple and a few states are rolling back reopening plans.
0:11.0	That's a setback obviously.
0:12.4	That's why we use companies like this
0:14.3	as a bell weather because no matter what you're hearing from government officials
0:17.9	those companies are cautious. Cisco is managing cybersecurity and connectivity amid a health and social crisis.
0:25.0	CEO Chuck Robbins.
0:27.0	We all have more work to do.
0:28.0	We have to do the things we need to do for our
0:35.0	entrepreneur, entrepreneur investor, social media master and wine geek,
0:38.6	Gary Vainer Chuck on his deal with alcohol
0:40.8	behemoth constellation brands. This is one of those 1 plus 1 equals 11. with Alcohol Behemoth Constellation Brands.
0:42.8	This is one of those 1 plus 1 equals 11,
0:45.0	where both sides of the equation
0:46.4	bring so much value, it becomes a no-brainer.
0:49.2	And why Gary V is doubting the companies
0:51.4	who've pulled their Facebook ad spending in the
0:53.4	stop hate for-profit campaign. To stop on Facebook and not to stop all your
0:57.2	internet advertising is just hypocrisy. Those stories plus an all-star
1:02.2	tech CEO lineup is heading to Congress for antitrust testimony,
1:06.0	and we made it, some plans for the holiday weekend.
	...

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