Juneteenth Commemoration & Financial Inclusion; Covid-19’s Impact on the Brain

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 18 June 2021

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

America celebrates its newest federal holiday: Juneteenth. Commemorating the day that enslaved African-Americans were informed of their freedom two and a half years after the Emancipation Proclamation, Juneteenth celebrates the end of slavery and acknowledges the work left to be done in the road to racial justice. CNBC reporter Frank Holland details the role of Black banks in achieving financial inclusion and economic equality in the United States. Darrin Williams, CEO of Southern Bancorp, one of the few Black-led banks in the country, discusses the significance of Juneteenth and how corporate investments can help communities of color achieve financial equity. New research suggests that Covid-19 may cause long-term loss of brain tissue. Former FDA Commissioner Dr. Scott Gottlieb considers lasting physiological effects of the virus and whether a survival of global variants will prompt a case surge in the autumn. Plus, commodity prices are tumbling and cruise line stocks are soaring. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod. I'm the NBC producer Katie Kramer today on our podcast.
0:08.0	COVID's long haul effects. There's a troubling new study on the virus. We'll talk to former
0:13.8	FDA Commissioner Scott Gottlie. It is concerning to see what appears to be a
0:18.0	pretty consistent loss of brain tissue in patients with COVID. And marking our newest federal holiday Juneteenth.
0:26.0	I think this will go down for me.
0:28.0	It's one of the greatest honors I will have had as president.
0:32.0	155 years after enslaved African Americans were informed of their freedom,
0:37.0	we're still working on black financial equity and inclusion.
0:40.5	Darren Williams, CEO of one of the country's few black lead banks, Southern Bank Corps.
0:45.0	This is an important day for America.
0:47.0	And of course, I can understand why as quickly as this holiday was passed by Congress,
0:51.0	why they may not be closed today, but I sure hope that they recognize and give honor and respect to this natural holiday going forward in years to come.
1:00.0	Those stories and the rest of the headlines that got us talking from commodities to Carnival Cruise.
1:06.0	It's Friday, June 18, 2021, Squackpot begins right now.
1:11.0	Stand back you by in three, two, one, Q3.
1:15.0	Good morning everybody.
1:17.0	Welcome to Squawk Box here on C.
1:19.0	I'm Becky Quick along with Andrew Ross Sorkin.
1:21.0	Joe is off today.
1:23.0	I'm going to start things off on this Friday.
1:25.0	First up today, something investors are watching closely
	...

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