Gensler’s Crypto Warning and Hulu, Possibly for Sale 02/10/23

Squawk Pod

CNBC

News, Business News, Investing, Business

4.2 • 543 Ratings

🗓️ 10 February 2023

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Disney CEO Bob Iger’s apparent openness to selling Hulu marks a stark reversal in strategy for the company. Iger said Thursday that “everything is on the table” with regard to Hulu’s future. Matt Belloni, Puck founding partner and author, discusses how Disney will treat Hulu, why another company wouldn’t partner with Hulu and more. SEC chair, Gary Gensler, discusses the recent crackdown from the SEC on Kraken, how the company’s operations differ from other yield-based products and potential climate and crypto regulation. Shares of Lyft are falling after the company reported guidance for its first quarter of 2023 that was short of analyst expectations. Plus, Adidas shares tank after company issues warning over unsold Yeezy stock In this episode: Gary Gensler, @GaryGensler Matt Belloni, @MattBelloni Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk 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 Squack-Pod.
0:08.0	SEC Chief Gary Gensler is warning crypto firms to comply after a crackdown on a popular money-making path.
0:15.8	It's called staking.
0:17.1	We'll explain it and why it's cost crypto exchange crackin 30 million.
0:21.6	All we're saying to this generally, largely non-compliant industry
0:26.4	is come in and properly follow the law.
0:30.4	Disney, CEO Bob Eiger, is trying to bring the magic back to the magic kingdom,
0:35.0	and that might not include the streamer Hulu,
0:37.2	Puck founding partner Matt Bellany.
0:39.0	Disney has spent the past four or five years building up its non branded, non IP driven, adult oriented
0:47.1	content on Hulu and he's questioning that entire proposition.
0:52.0	Plus Pizza Tuesday.
0:54.0	Adidas stumbles on old Yeezies and lift shares
0:58.0	tank after weak guidance, but Joe still needs a ride.
1:01.0	I'm a babe in the woods.
1:02.0	It's Friday, finally. still needs a ride. I'm a babe in the woods.
1:03.0	It's Friday, finally, February 10th, Squawk Pod begins right now.
1:08.0	Stand Becky by in three, two, one, queue please.
1:12.0	Good morning everybody.
1:14.0	Welcome to Squack Box here on see NBC.
1:16.0	We are live from the NASDAQ market site in Times Square.
	...

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