M&A in the Metaverse, 5G in the Skies, & Trades on the Peloton

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 19 January 2022

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Microsoft’s enormous deal for Activision Blizzard might be the catalyst for consolidation of metaverse projects in 2022. AT&T and Verizon have turned on a major new part of 5G coverage, but alarm from some airlines has delayed the launch near U.S. airports. Verizon CEO Hans Vestberg discusses 5G safety and how the new 5G C-band coverage could supercharge the internet, just in time for more metaverse projects. Plus, Pfizer’s new Covid antiviral drug is effective against the omicron variant, and stock sales from Peloton executives are raising some eyebrows while CNBC’s Robert Frank raises the bar for anchor workouts. In this episode: Hans Vestberg, @hansvestberg Brian Trunzo, @NTBro Cathy Hackl, @CathyHackl Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Julia Boorstin, @JBoorstin 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 NBC producer Katie Kramer.
0:08.0	Today on our podcast.
0:10.0	Wireless Giants were supposed to flip the switch on new 5G service across the country today,
0:15.6	but some towers will be lighting up due to safety concerns from airlines.
0:19.2	Here we are four years down the road when the major carriers have spent 80 billion dollars on this.
0:23.7	Verizon CEO Hans Vespersberg says the delay doesn't dim the future of 5G.
0:29.0	I'm a super patient guy.
0:30.7	I'm a super patient guy.
0:32.0	Microsoft's enormous deal for the Metaverse,
0:35.0	what the many billion dollar Activision Blizzard acquisition
0:38.0	means for the rest of Big Tech,
0:40.0	Polygon's Metaverse lead Brian Trunzo. Anyone in Big Tech, Polygon's Metiverse lead Brian Trunzo.
0:43.2	Anyone in Big Tech is going to be receiving shareholder scrutiny.
0:47.6	What are you doing to take advantage of this multi-generational and multi-trillion-dollar opportunity.
0:55.0	That's all on the pod today, plus the rest of the news that got us squawking, like Peloton
0:59.5	execs cashing in before a steep stock drop.
1:03.2	Well time, but any time in the last year
1:05.3	has been a pretty damn good time to sell.
1:07.8	It's Wednesday January 19th, 2022.
1:10.9	Squackpot begins right now.
1:13.3	Stand Becky by in three, two, one,
	...

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