Oat Milk Appetite with Oatly CEO; Market Whiplash with Carlyle's David Rubenstein

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 20 May 2021

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Swedish oat milk brand Oatly makes its market debut on the Nasdaq after pricing its initial public offering at $17 per share and raising $1.4 billion, the top of the expected range. Oatly CEO Toni Petersson discusses the company’s sustainability mission and business outlook. The Federal Reserve is hinting at pulling back from its pandemic-prompted bond buys. David Rubenstein, co-founder and co-executive chairman of the Carlyle Group, discusses the resulting market whiplash, crypto's roller coaster ride, and post-Covid investor sentiment. Plus, Colonial Pipeline made a $4.4 million ransom payment to its cyber attackers. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	This is Squawk Pod. I'm C. NBC producer Katie Kramer today on our
0:05.7	podcast Market Whiplash. The Federal Reserve gives a wink and the markets go
0:11.0	wild. I'm not looking for a tail or a dog, it's just all one big
0:14.6	St Bernard, one big dog.
0:16.2	Making sense of a crazy week on Wall Street with Carlisle Group's David Rubinstein.
0:20.8	What business people really want is some kind of certainty and I
0:23.6	think we'll have some uncertainty for a while until we know what Congress is
0:26.2	likely to do. Investor appetite for certainty. Plus speaking of appetite, we gotta
0:32.0	talk milk today.
0:33.2	Not milk.
0:34.2	Oat Milk brand, oatlete going public on the NASDAQ today,
0:37.6	CEO Tony Peterson on building a $10 billion drink.
0:40.9	The reason why we started as a company was to create the best milk period.
0:45.8	We didn't try to mimic animal-based milk or anything like that.
0:49.4	We just wanted to do a milk that was better for people in the planet.
0:53.0	Those stories, plus a peak into the dark side,
0:56.0	what we know about the colonial pipeline ransomware attack.
0:59.0	It's Thursday, May 20, 2021.
1:02.0	Squawk Pod begins right now.
1:05.3	Good morning.
1:06.2	Welcome to Squawk Box here on C.
1:08.7	I'm Becky Quick, along with Joe Kernan and Andrew Ross-Sork
	...

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