Nike Founder Phil Knight, Crypto’s Collapse, & Blue Checks, Be Gone! 11/10/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 10 November 2022

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In a supersized episode, Becky Quick sits down with Nike co-founder Phil Knight for a rare interview. For the first time, Knight comments on Nike’s decision to cut ties with NBA star Kyrie Irving. The Oregon gubernatorial race is still too close to call; a proud Oregonian himself, Knight explains why he’s donated nearly $5 million combined to the Republican and Independent candidates, while Nike has publicly backed the Democrat candidate Tina Kotek. Once worth $32 billion, crypto exchange FTX is struggling to survive. SEC Chair Gary Gensler discusses regulators’ roles in protecting investors against the crypto collapse. Plus, an election update in Georgia: Senate candidates Democratic Sen. Raphael Warnock and Republican Herschel Walker are heading to a runoff in December. And, at the helm of Twitter, Elon Musk has nixed the blue check mark! In this episode: Gary Gensler, @GaryGensler Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:03.0	I'm C.N.C. producer Cameron Costa, and this is Squawk Pod.
0:08.0	A crypto crisis. Exchange FTX is on the brink of collapse and investors want their money.
0:15.6	It's insane that this is an area that's not regulated.
0:18.3	We'll hear from the top regulator SEC Chair Gary Gensler with a warning to crypto companies.
0:24.8	Come in and talk to us. The runway is getting shorter. The laws are clear.
0:29.4	And Nike founder Phil Knight poured millions into one 2022 race.
0:36.4	Spoiler, it's at odds with Nike itself.
0:39.8	Nike's got a lot of diverse opinions that it's a creative place so I don't expect everybody
0:47.0	to agree with me and I'm finding the way things off.
0:50.2	Becky Quick has a rare sit-down with the shoe dog on politics and his first comments on Nike's
0:56.7	split with NBA star Kyrie Irving.
0:59.7	Chirey stepped over the line.
1:01.1	It's kind of that simple. Plus what else got us squawking?
1:04.0	We're the CEOs of this show.
1:06.0	The Battle of the Blue Checkmarks
1:08.0	rages on.
1:09.0	Whether I have a Blue Checkmark or not, I don't really care about it.
1:12.0	Really? It's Thursday
1:13.7	November 10th, 2022 and Squawk Pot begins right now. Stand Becky by in three
1:19.6	two, one, kill please.
1:23.8	Good morning everybody. Welcome to Squack Box here on C.
	...

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