Grab-ing the Biggest SPAC; Supporting Peng Shuai

Squawk Pod

CNBC

Investing, Business, News, Business News

4.2 • 543 Ratings

🗓️ 2 December 2021

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

The omicron variant lands in the United States with its first known case appearing in California. The White House is out with new guidance on how to deal with the new variant by tightening travel restrictions, extending mask mandates, and rapid tests that may be costing consumers. Joe Kernen, Becky Quick, and Andrew Ross Sorkin discuss how this news might be influencing investors and the Fed. And the largest Southeast Asian company to list in the U.S. has gone public on the Nasdaq. SoftBank-backed “super app” Grab debuted in the largest SPAC merger of all time. Grab CEO & Founder Anthony Tan discusses the size of the company’s market. Plus, the Women’s Tennis Association announced they will boycott tournaments in China to protect the safety of their players, a move in support of Peng Shuai. In this episode: Anthony Tan, @AnthonyPY_Tan 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. N.C. producer Katie Kramer, today on our podcast.
0:09.0	The O'machron variant in the US. What's scarier to investors a mutating virus
0:14.7	or changing monetary policy?
0:16.4	I feel so much better than I did in the last 20 months.
0:19.2	You feel better about everything but the Fed.
0:21.4	Yeah. The White House has new travel and COVID. anything but with the Fed
0:23.4	the White House has new travel and COVID testing guidance but with some rapid tests
0:26.9	costing consumers the details matter.
0:29.3	Unfortunately Abbott and others are gouging Americans.
0:33.2	I will say it and I will say it loudly.
0:35.6	And the largest Wall Street debut
0:37.4	by a Southeast Asian company,
0:39.0	grab CEO Anthony Tan on the big day.
0:41.5	We don't view growth and profitability as mutually exclusive.
0:44.5	We operate in a market of a large market opportunity.
0:48.0	Plus women's tennis boycotting China.
0:50.6	This is bigger than sports.
0:51.8	This is bigger than business. This is bigger than business.
0:53.0	This is the relationship between the two countries.
0:55.9	All that and the rest of today's stories, The Gotta Squacking.
0:59.0	It's Thursday, December 2nd, 2021.
	...

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