Michael Rubin & Marc Lasry: “LA Strong” & Women’s Sports 01/13/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 13 January 2025

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

As Los Angeles fires continue, LA sports teams have partnered with Fanatics to contribute to the LA Fire Department Foundation and the American Red Cross. 100% of the proceeds from the “LA Strong” team-branded t-shirts will be donated; it’s part of Fanatics CEO Michael Rubin’s plan to support those affected by the devastation. CNBC’s Contessa Brewer offers insight on the efforts to rebuild from her location on the ground in LA. Billionaire investor Marc Lasry is doubling down on his sports investing strategy. He says, while he’s seeing debt financing opportunities in Northern Europe, he’s excited about the returns on sports leagues, especially women’s teams. After buying and selling the Milwaukee Bucks and investing in pickleball, Lasry says he has the cheat code for a successful sports investment. Plus, Meta’s Mark Zuckerberg criticized Apple in a recent interview with Joe Rogan. Marc Lasry - 14:26 Contessa Brewer - 32:40 Michael Rubin - 38:55 In this episode: Contessa Brewer, @contessabrewer Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:04.3	Hi, I'm CNBC producer Katie Kramer.
0:06.9	Today on Squawk Pod.
0:09.5	Billionaire investor Mark Lazary is doubling down on debt abroad and on women's sports.
0:15.5	But he says opportunities will surprise you.
0:18.6	If somebody said to you, well, all you got to do is stand there and somebody's going to slap you.
0:22.1	Have you invested in it?
0:23.3	No, I haven't.
0:24.1	Okay.
0:24.3	But do you know what the ratings for that are?
0:25.9	Off the chart.
0:26.5	Off the chart.
0:28.1	Bringing aid and maybe some hope to victims of the LA wildfires, sports gear and memorabilia company Fanatics leading the charge, CEO Michael Rubin.
0:42.6	Anyone of our size who has a platform like we do, you have a real responsibility to use your platform to make a difference.
0:44.9	Plus, where big tech stands in D.C.
0:48.4	Who's not in the MAGA 7? Netflix.
0:51.0	Plus, meta's Mark Zuckerberg's political evolution, what he told podcaster Joe Rogan about
0:56.7	competition, content moderation, and the iPhone.
1:00.0	This is almost a declaration of war.
1:02.0	He's been doing this, though, for the last five years, maybe longer.
1:06.0	It's Monday, January 13th, 2025.
1:10.0	Squawk Pod begins right now.
	...

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