Musk vs. California; Virgin Galactic Chairman; Crypto & Covid

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 12 May 2020

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Virgin Galactic Chairman, Social Capital founder, Facebook alumnus, and outspoken investor Chamath Palihapitiya weighs in on Tesla and its famed founder, the Fed’s controversial moves, and roles governments and businesses should play during a pandemic. Plus, bestselling author Ben Mezrich has teamed up with The Boston Globe in his newest work, a slow-release novella available chapter by chapter throughout May. The writer behind “The Social Network,” “Bitcoin Billionaires,” and “Q,” a 2015 book about a pandemic forcing New York City into quarantine speaks to our new world of crypto-investing, streaming, and staying home.

Transcript

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0:00.0	This is Squawk Pod. I'm C. NBC producer Katie Kramer. Today on our
0:05.0	podcast, Venture Capitalist Virgin Galactic Chairman and Facebook veteran
0:09.4	Chamoth Polyhapetia describes the consumer conundrum in an economy hampered by coronavirus.
0:15.4	The best technology companies in the world have literally been training billions of consumers
0:20.9	to not really spend money. The whole idea is if you wait tomorrow you'll get
0:25.4	more for less. And why he doesn't think the moves of the Central Bank are enough.
0:29.8	Yeah, the Fed did calm the waters. Asset inflation does not solve income disparity.
0:35.4	It actually doesn't solve full employment.
0:37.6	It doesn't do any of the things we needed to do
0:39.7	for it to be a robust economy.
0:41.6	Plus, Social Network author Ben Mezrich
0:44.0	on the opportunities in staying at home.
0:47.2	What we're seeing is that people are all starting
0:49.6	to live like hermits like I always have.
0:52.7	It's Tuesday, May 12, 2020,
0:54.9	Squawk Pot begins right now.
0:58.0	Good morning, everybody.
0:59.0	Welcome to Squawk Box here on C.
1:01.1	I'm Becky Quick, along with Joe Kernan and Andrew Ross Sorkin.
1:05.0	First up on today's podcast, a special extended interview with Chymouth Polly Hopetia.
1:10.0	He's the chairman of Richard Branson's Virgin Galactic, which might be how you know him, or maybe his viral comments about
1:16.2	the dangers of social media put him on the map for you.
	...

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