Netanyahu at the Capitol & CrowdStrike in the Spotlight 07/24/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 24 July 2024

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Israeli Prime Minister Benjamin Netanyahu is headed to Congress today. “The Genius of Israel” co-author Dan Senor discusses the geopolitics at play in the leader's US visit, as well as the politics of who’s attending the speech. In the aftermath of the largest IT outage in history, Rand senior analyst Jonathan Welburn is asking whether CrowdStrike–and other big tech firms–are too big to fail. Plus, Alphabet’s YouTube ad revenue came up short in the latest quarter, Visa reported a rare miss on revenues, Elon Musk is denying a report that he’d be donating $45m a month to former President Trump’s election campaign, and the Biden administration scored a tentative win in its efforts to ban non-competes. Dan Senor - 13:39 Jonathan Welburn - 25:53 In this episode: Dan Senor, @dansenor Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squack-Pod from CNBC.
0:07.0	I'm producer Cameron Costa and on today's episode,
0:10.0	Israeli Prime Minister Netanyahu is headed for the capital.
0:14.7	Who's attending his speech to Congress and who isn't?
0:17.9	With The Genius of Israel co-author Dan Seinor.
0:21.2	The idea that people are making a statement by not showing up is much
0:24.8	bigger than nothing. I think they're making a statement about Israel. And the road
0:29.6	that brought us to those blue screens of death is Is Crowd Strike and the rest of Big Tech, too big to fail?
0:36.4	Rand senior analyst Jonathan Wellburn says maybe.
0:40.0	It's about identifying these type of companies that pose this type of risk
0:43.8	and really coming up with some of the solutions to manage that risk
0:47.4	before we're in a real state of crisis.
0:50.4	Plus, the fundraising raise in the totally new presidential election, a blow against non-compete
0:56.5	clauses and the stock stories still being told like it's 2020.
1:00.8	I'm going to actually use the P word, again, pandemic, because it's 20-20. I'm going to actually use the P word again, pandemic, because it's still having an effect.
1:06.0	It's Wednesday, July 24th, and Squawk Pod begins right now.
1:11.0	Stand back you by in three, two, one, cure please.
1:15.0	Good morning everybody.
1:18.0	Welcome to Squawklachlach right here on C.
1:21.0	We're live from the Nes NASDAQ market site in Times Square.
1:23.6	I'm Becky Quick along with Joe Kernan.
	...

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