Mark Cuban: We are at an inflection point
Squawk Pod
CNBC
4.2 • 543 Ratings
🗓️ 13 April 2020
⏱️ 34 minutes
🧾️ Download transcript
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| 0:00.0 | This is Squackpot. I'm C. NBC producer Katie Kramer today on our podcast. |
| 0:05.4 | The story of the U.S. stock markets coming off a best week ever right in the middle of the |
| 0:10.3 | coronavirus pandemic. We'll hear from Mohammed Al-Arion. |
| 0:13.3 | Narratives matter. So the next narrative is a realization that the restart is going to be really tricky |
| 0:20.0 | and that the post-crisis landscape is going to be different. |
| 0:23.7 | Author Richard Preston on what previous outbreaks have taught us about finding a cure. |
| 0:28.8 | These drugs, if they work, they can reverse the disease with remarkable speed. |
| 0:34.0 | And billionaire investor Mark Cuban on getting back in the game, both basketball and |
| 0:38.8 | Main Street businesses. |
| 0:40.0 | We're at the point now where if things continue to cascade down, then we start looking at really bad news. |
| 0:47.0 | It's Monday, April 13, 2020, Squack Pot begins right now. |
| 0:52.0 | Good morning morning everybody. |
| 0:54.0 | I'm Becky Quick along with Joe Kernan and Andrew Ross Sorkin. |
| 0:57.0 | First up on today's podcast, |
| 1:00.0 | How the U.S. Economy is weathering a pandemic. |
| 1:03.0 | Last week, the S&P 500 had its best week since 1974. |
| 1:07.7 | And on Thursday, the last trading day of that week, |
| 1:10.0 | the Dow Jones Industrial Average closed |
| 1:11.8 | less than 20% off of its February highs. |
| 1:14.8 | Of course, during that same week, we saw the total number of Americans newly seeking |
| 1:18.8 | unemployment benefits reach higher than 16 million. That means the U has lost about 10% of its workforce in just three weeks. |
| 1:27.0 | This week as we closely watch the number of new coronavirus cases and related fatalities |
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