Musk’s 9% Twitter Stake & Workers Unite 4/04/22

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 4 April 2022

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Tesla CEO Elon Musk purchased a giant stake in Twitter making him the largest outside shareholder in the social media stock, not long after criticizing the company for what he said was its failure to uphold the tenets of free speech. Rich Greenfield, partner and co-founder of LightShed Partners, reacts to Elon Musk’s passive stake in Twitter and explains why he thinks Twitter could be an acquisition target—and a buying opportunity for investors. Amazon workers on New York’s Staten Island made history after becoming the first group to vote in favor of unionizing at a U.S. facility operated by the country’s largest e-commerce company. Mary Kay Henry, president of the Service Employees International Union, or SEIU, reacts to the historic unionization vote and a similar sentiment building among Starbucks baristas. Plus, CNBC’s Leslie Picker breaks down the highlights from JPMorgan CEO Jamie Dimon’s annual letter to shareholders. In this episode: Mary Kay Henry, @MaryKayHenry Rich Greenfield, @RichLightShed Leslie Picker, @LesliePicker Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pod.
0:08.0	Elon Musk takes a 9% stake in Twitter.
0:12.0	Elon Musk and passive is like a takes a 9% stake in Twitter.
0:12.5	Elon Musk and passive is like an oxymoron.
0:15.9	We unpack the buy with media and tech watcher
0:18.6	and tweeting enthusiast himself, Rich Greenfield.
0:21.3	I do think it underscores for investors that Twitter could be acquired.
0:25.8	And I think given the weakness in the stock that you've seen, there's an opportunity to own
0:29.2	Twitter.
0:31.0	And this is a BFD for working people.
0:35.0	Amazon Workers Unionized, President of the Service Employees International Union, Mary Kay Henry on today's labor movement.
0:42.0	We're witnessing the great resignation of
0:45.2	workers turn into the great reckoning by workers deciding not to quit their job
0:50.4	but by joining together in demanding unions.
0:54.8	Those stories, plus Howard Schultz, back on the job at Starbucks
0:58.5	and JPMorgan's Jamie Diamond, sounding the alarm for risk in the global economy,
1:03.6	see NBC's Leslie Picker on his annual message to Wall Street.
1:07.3	He really did echo the comments made by Fink
1:10.0	and the ones made by Howard Marks, this idea
1:12.0	that companies really need to be kind of
1:13.6	rethinking their supply chains and looking at who are the countries that they're
	...

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