March (Money) Madness & Reopening Momentum with N.J. Governor & Danny Meyer

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 19 March 2021

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

States across the country are relaxing of pandemic rules as more Americans are vaccinated against Covid. New Jersey Governor Phil Murphy discusses vaccine eligibility, reluctance, and efficacy as he reopens business across his state. Union Square Hospitality Group and Shake Shack founder Danny Meyer says the restaurant industry has learned helpful lessons from the pandemic despite its struggles. “When we get to the point where we’re 100% indoor, plus outdoor dining, shipping, takeout, delivery, it’s going to be better than it’s ever been.” Plus, the Biden team has its first meeting with China, the NFL’s locked a $100 billion deal, and March Madness is ready for its comeback.

Transcript

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0:00.0	This is Squawk Pod. I'm C. NBC producer Katie Kramer today on our
0:06.2	podcast ramping up reopening. New Jersey Governor Phil Murphy on COVID
0:11.1	rates in the Garden State. We've definitely plateaued.
0:14.0	We've come down dramatically from hospitalizations
0:17.3	and positivity rates we saw a couple of months ago,
0:20.3	but it's still uncomfortably too high.
0:23.0	And heading over the bridge to New York, Union Square Hospitality CEO,
0:29.0	aka founder of Shake Shack, Danny Meyer,
0:31.0	says city business is set for a big recovery.
0:34.2	So many of the things that we all learned how to do,
0:36.4	digital ordering with takeout delivery pickup are going to stick.
0:40.5	It's going to be better than it's ever been.
0:43.0	Those stories, plus the Biden team's first meeting with China, the NFL's $100 billion deal, and March
0:48.6	madness.
0:49.6	Money to be made on and off the court.
0:52.0	These athletes bring a huge amount of money with what they're doing for the schools
0:56.2	and I think this year in particular, the idea that they can't get anything back as a result.
1:00.1	It's Friday, March 19, 2021.
1:03.5	Squackpot begins right now.
1:06.0	Good morning, everybody.
1:08.0	Welcome to Squackbox here on C.
1:10.0	Welcome to Friday.
	...

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