Musk’s Stock Sales; Pfizer’s Covid Pill; Slack and the Newest Normal

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 14 December 2021

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

As the specter of omicron looms large over the festive season, governments around the world are desperately trying to deploy Covid-19 booster shots in order to bolster people’s protection against the more transmissible variant. Meanwhile, Pfizer is working on the first antiviral Covid-19 pill. CNBC’s Meg Tirrell broke down the final analysis of Pfizer’s Covid-19 pill that showed a near 90% efficacy in preventing hospitalizations and deaths in high-risk patients. Companies from Lyft to Ford have had to delay and reassess return-to-office plans in recent weeks. Morgan Stanley CEO James Gorman walked back an edict that employees should be back at the office by now and issued a new forecast for how long companies would delay the return. Slack CEO Stewart Butterfield also discussed the future of work, the metaverse and the company’s merger with Salesforce. Plus, Apple’s march to $3 Trillion and Elon Musk – on the tweets and on Time's 2021 Person of the Year. In this episode: Stewart Butterfield, @stewart Meg Tirrell, @megtirrell Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Klaire Odumody, @klairemarie

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squag Pod.
0:06.0	I'm C. M.C. producer Claire Odumodie.
0:08.0	Today on our podcast.
0:10.0	Omicron, the virus variant weighing on Wall Street.
0:14.0	Tidal wave is not a great word to describe Omicron.
0:17.4	We don't need another title.
0:18.4	We don't need any kind of wave.
0:20.3	Pfizer says its COVID pill is nearly 90% effective.
0:24.0	Our Meg Terrell reports.
0:26.0	89% reduction in the risk of hospitalization or death when given within three days of symptoms to high-risk patients. And Slack founder, Stuart
0:36.1	Butterfield, on the newest new normal. The hybrid kind of environment I
0:40.4	think is here to stay forever, because going back to the office two days
0:43.3	a week doesn't seem like a decrease from five anymore it seems like an increase from
0:46.6	zero. That's all coming up today plus apples March to three trillion why
0:52.2	Morgan Stanley's CEO says he was wrong and Elon Musk
0:56.8	tweeter of the year. With a few tweets he is able to move markets he just is.
1:01.8	It's Tuesday December December 14th, 2021. Squopod begins right now.
1:07.0	First up today on the podcast, the markets and the virus.
1:15.2	Fears of the Omercon variant weighed on investors as the major averages started
1:19.7	the week in the red.
1:20.8	In the UK where cases of the highly transmissible variant are doubling every two to three days,
	...

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