Microsoft’s Cyber Walls; “Shang-Chi” at the Box Office; SoftBank Strikes a Deal

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 7 September 2021

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Microsoft President Brad Smith discusses cyber risks in the digital age, and explains his company’s effort to support federal, state, and local governments in building safe online infrastructure. He details Microsoft’s pledge to invest $20 billion in cybersecurity over the next 5 years and the chip shortage hitting global markets. Disney and Marvel Studios’ “Shang-Chi and the Legend of the Ten Rings” broke box office records in the U.S., garnering an estimated $71.4 over the holiday weekend. While celebrated stateside, the film has not yet been released in China. CNBC’s Eunice Yoon reports on the CCP’s relationship with entertainment and media, on the ground in Beijing. SoftBank has struck a $7 billion share-swap deal with Deutsche Telekom to increase its stake in U.S. unit T-Mobile; Softbank Group International CEO (and WeWork Executive Chairman) Marcelo Claure discusses the telecom shakeup and the implications for his own business. Plus, booster shots for Covid vaccinations are on the horizon, and high tech mattresses are in vogue. In this episode: Brad Smith, @BradSmi Marcelo Claure, @marceloclaure Eunice Yoon, @onlyyoontv Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Melissa Lee, @MelissaLeeCNBC

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod.
0:06.0	I'm the NBC producer Katie Kramer.
0:08.0	Today on our podcast, Cyber Attacks, they're coming for you.
0:12.0	Microsoft President Brad Smith on the internet's future.
0:14.8	The sophistication of cyber attacks continues to grow.
0:18.3	It really requires all of us to do more to step up.
0:21.8	A telecom deal for the books, Soft Bank hungry for cash and
0:25.1	Deutsche Telecom hungry for a foothold in the US. Soft Bank CEO of
0:29.2	Marcelo Clorei on the details. As part of this agreement or portfolio companies are going to have access to basically
0:36.1	grow within the European market.
0:39.7	Those stories plus Al Salvador in the crypto game, booster shots on the horizon, and Marvel making box office records.
0:46.0	Shanghai has Americans back in theaters, but in China, not so much, you miss you and in Beijing.
0:51.0	If Shanghai doesn't get the rights for a decision, UNICE
0:53.4	you in Beijing.
0:51.6	If Shanghai doesn't get the rights for a distribution here,
0:55.8	this is going to be a first for the Marvel franchise.
0:59.5	It's Tuesday, September 7, 2021,
1:02.2	sort of like the first day of school.
1:04.0	And you now have butterflies being back right here on?
1:06.5	I do.
1:07.5	It's not butterflies, it was really good.
	...

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