Musk in the Clubhouse, & Retail Traders on the Rise

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 1 February 2021

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Starting off a new week and a new month, Wall Street continues to weather concerns about the Reddit-sparked retail trading frenzy around GameStop. Joe Moglia, former chairman and CEO of TD Ameritrade, puts the Reddit traders’ short squeeze into perspective with the broader market. Elon Musk turned to social media audio app, Clubhouse, for a conversation with Robinhood CEO Vlad Tenev about the retail investor rebellion. Paul Davison, CEO and co-founder of Clubhouse, the audio social networking app popular with Wall Street and Silicon Valley insiders, discusses social media’s role in the markets. Plus, could Silver be the new GameStop?

Transcript

Click on a timestamp to play from that location

0:00.0	This is Squawk Pod. I'm CMVC producer Cameron Costa. Today on our podcast,
0:08.0	retail investors on the rise.
0:10.5	All we want are free and fair trading.
0:12.1	Free and fair.
0:13.0	That's all anyone wants.
0:14.0	And still rising.
0:15.0	Can Robin Hood keep up with demand?
0:17.0	Can they make it through this week as an independent company?
0:20.0	Former TD Ameritrade Chairman and CEO Joe Moglia on democratizing the stock market.
0:27.0	If 2020 was the year in our country where we had a lot of upheaval, racial, political, sexual
0:31.6	equality, maybe 2021 is about individual investor equality.
0:37.0	Elon Musk interviewed and interviewing on the new social media app Clubhouse.
0:43.2	CEO and co-founder Paul Davidson on his new network,
0:46.7	the risks, and the opportunity.
0:48.7	We're a platform where anyone can become a creator.
0:51.4	I mean, you look at what happened last night.
0:53.0	They met while teaching kids in remote villages
0:55.8	to Code and suddenly they're here interviewing Elon Musk.
1:00.0	Those stories end Haiyo Silver. The metal having a moment it hasn't seen in 40 years.
1:06.7	All those commercials, for the last 10 years they might finally be right.
1:10.4	It's Monday, February 1st, 2021.
1:13.0	Squawk Pod begins right now.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.