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Squawk Pod

Lloyd Blankfein on Stimulus and Break-Ups; the NFL & a New Covid Test

Squawk Pod

CNBC

Business News, Investing, Business, News

4494 Ratings

🗓️ 9 October 2020

⏱️ 37 minutes

🧾️ Download transcript

Summary

Lloyd Blankfein, former chairman and CEO of Goldman Sachs, joins for an extended interview to discuss the stalemate over more federal stimulus, more federal aid for airlines, the state of the bank sector and more. The National Football League is now experiencing a pandemic crisis sparked by Covid-19 outbreaks that started with the Tennessee Titans. And like Major League Baseball, outside skepticism is starting to intensify whether the league will complete its pandemic season. Plus, FDA granted emergency clearance for GenMark’s test that screens for the flu, coronavirus and other viruses.

Transcript

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0:00.0

This is Guacapod. I'm

0:03.4

C. NBC producer Katie Kramer. Today on our podcast.

0:06.8

An extended interview with Lloyd Blank Fine, the former head of Goldman Sachs.

0:10.9

The banker weighs in on stimulus.

0:12.8

I'm no longer surprised at what comes out of Washington or doesn't come out of Washington.

0:17.6

I would have thought that there would have been huge incentives, you know, especially on the part of the

0:22.2

incumbents to get a deal done.

0:24.7

The role corporate America may play in economic recovery.

0:28.4

Companies should do more what they need to do, and the government's role is to redistribute that's overall success of the

0:35.2

economic system that you get from that kind of harshness and make sure that gets

0:39.5

redistributed into the right place. And Blankline's take on a big tech breakup.

0:44.5

Now we have Mark Zuckerberg and his lieutenants

0:47.2

deciding what gets out there and what doesn't get out there.

0:49.7

That can't work in a democracy.

0:51.8

Those stories plus no swabs, temperature checks, and NFL delays.

0:56.3

Just another day in 2020.

0:57.9

I got really excited.

0:59.4

Very excited.

1:00.4

It's Friday, October 9th.

1:01.9

Squawkpot begins right after this.

1:06.0

Welcome back to Squack Pod.

1:10.0

Lloyd Blankfine served as Chairman and Lock Throughout his time at Goldman, Blankfine accomplished several notable things, including carrying the bank through the 2008 financial crisis, and sticking it out later as one of only two bank CEOs remaining from the crisis, the other being JP Morgan's

...

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