Oil Flows & TikTok’s Millions: Dancing, Branding, & Going Viral with D’Amelio Dad 9/6/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 6 September 2022

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

OPEC+ has announced a cut to production, surprising an already shocked global energy system. Russia has shut down oil flows to Europe through Nord Stream Pipeline 1, indefinitely. State Department official, Special Presidential Coordinator for International Energy Affairs Amos Hochstein, discusses energy geopolitics amid Europe’s deepening crisis. The United Kingdom has a new Prime Minister in Liz Truss, and CVS is buying home health giant Signify. Plus, the two highest-paid influencers on TikTok are Gen Z sisters; the dad and manager of Charli and Dixie D’Amelio, Marc D’Amelio, discusses the six-figure payouts per social media posts, his family’s new business venture, and leveraging TikTok’s algorithm for income. In this episode: Marc D’Amelio, @marcdamelio Amos Hochstein, @amoshochstein Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer: @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pod.
0:09.0	In energy smack in the face to the west, OPEC issues a surprise oil production cut, just as Russia shuts down
0:15.9	energy flows to Europe, the State Department's Amos-Hockstein.
0:19.6	But ultimately, this is going to hurt Russia's revenues and
0:23.7	Russia's credibility as a supplier.
0:26.1	And say what you will about Gen Z, social media, and TikTok,
0:30.1	but many videos are raking in millions per clip.
0:33.4	The dad managing Tik-Tok's two biggest influencers, Mark DeMilio joins us.
0:38.4	Tik-Tok has been incredible as they start to get involved in doing more ads and you can link Shopify
0:46.6	up to it. It's going to be a revenue stream for big creators and small creators.
0:51.8	Those stories, the UK's new PM, and Bill Murray's crypto wallet.
0:57.0	Oh, and CBS is making an $8 billion bet on health care house calls.
1:01.0	May be great for the stock, may be great for the company.
1:03.5	Is it great for the consumer?
1:04.7	I don't know.
1:05.7	All that ahead.
1:06.7	It is Tuesday, September 6, 2022.
1:09.7	Squawk Pod begins right now.
1:11.8	Stand back you by in three, two, one, fuel. God from the NASDAQ market site in Times Square. The gang's all here.
1:23.2	I'm Becky Quick, along with Joe Kernan
1:24.8	and Andrew Ross Sorkin, and we are kind of ready
	...

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