Hertz’s $1B Relisting; GE’s Breakup; Crypto ATMs

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 9 November 2021

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Hertz is listing on the Nasdaq--again. Back from bankruptcy, Hertz is led by former Ford CEO Mark Fields; he and board members Tom Wagner and Greg O’Hara discuss the road ahead for the rental car business and it’s potential deal with Tesla. Crypto ATMs, which swap cash for cryptocurrencies like bitcoin, are popping up all over the country. So why are they on law enforcement’s radar? Eamon Javers reports on CNBC’s investigation. Plus, General Electric is splitting into three companies, and the Fed is taking on meme stock mania. In this episode: Mark Fields, @Hertz Eamon Javers, @EamonJavers Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod.
0:06.0	I'm the NBC producer Katie Kramer.
0:08.0	Today on our podcast.
0:10.0	Hurts, back from bankruptcy, a billion dollar re-listing a deal with Tesla maybe interim CEO Mark
0:16.6	Fields.
0:17.6	This is about you know us positioning ourselves to lead and be a central player and role and component of the modern mobility
0:25.6	ecosystem and we are uniquely positioned to do that. And cash in, fraud out?
0:31.7	ATM swapping cash for cryptocurrency are popping up all over the country.
0:36.4	So why are they on the FBI's radar?
0:38.6	CNBC's Aiman Jaffers investigates.
0:40.7	Many companies allowed customers to buy up to $900 worth of cryptocurrency with only a cell phone number or no information at all.
0:49.0	Those stories and more like a surprising hack at Robin Hood.
0:53.8	I think the bigger news is they got through to a customer service operator.
0:56.5	Right.
0:57.5	And a new era for GE, the original Dow component founded by Thomas Edison splitting into pieces.
1:04.0	Whoa!
1:05.0	It's Tuesday, November 9th, 2021.
1:08.0	Squawk Pod begins right now.
1:10.0	Stand back you by in three, two, one, fuel please.
1:15.0	Good morning everybody.
1:16.0	Welcome to Squack Box here on C.
	...

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