Labor Squeeze with Barry Sternlicht; Hollywood Stars in Space

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 13 October 2021

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Starwood Capital Chairman and CEO Barry Sternlicht discusses the current real estate market, U.S. labor shortages, and his crypto portfolio. The noted investor and real estate mogul reacts to comments from BlackRock CEO Larry Fink, and explains why he thinks the service economy is in a major labor crisis right now. Corporate vaccine mandates are causing friction in Texas, and after China’s crackdown on the crypto community, the U.S. has become the most popular place for metaverse miners. Plus, William Shatner is officially the oldest person to go to space, and his stardom has inspired a trip down memory--and inspiration--lane with Joe, Becky, and Andrew. In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music please.
0:03.0	This is Squag Pod.
0:06.0	I'm C. NBC producer Claire Odomode.
0:08.0	Today on our podcast,
0:10.0	Rebuilding the economy and managing a broken supply chain, real estate mogul and investor Barry Sternlick.
0:17.0	The whole service economy is in the crisis.
0:20.0	Whether it's a restaurant, a pizzeria, this labor force contraction, the fact that so many people are not looking for a job,
0:26.4	is really hurting the underbelly of the U.S. economy.
0:29.6	Plus, one great investor reacts to another.
0:32.6	Sternlich responds to an exclusive conversation with Black Rocks Larry Fink.
0:36.8	But I do believe there is a huge role for a digitized currency.
0:42.4	As Larry also mentioned, I've become... a digitized currency.
0:42.6	As Larry also mentioned, I've become very interested in the blockchain technology as a whole,
0:48.6	and the digital ledger, which is going to change everything.
0:51.6	Those stories and others that got us
0:53.9	squawking this morning from the American crypto mines to the stars. Nine years old
0:58.6	Mr. Schattener will become the oldest person to ever go to space.
1:03.0	It's Wednesday, October 13, 2021.
1:06.0	Squad begins right now.
1:08.0	First up today on the podcast, Supply Chain Bottlenecks. Port congestion, especially on the West Coast, could threaten the holiday shopping season, delaying gifts from getting to store shelves and delaying your online orders.
1:23.6	The White House announced early today that the Port of Los Angeles will move to a 24-hour
1:27.8	service seven days a week to ease these bottlenecks.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.