On the Road Again: U.S. Welcomes Travelers, Uber & Marriott Recover

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 8 November 2021

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The U.S. borders are once again open to international travelers, but a travel rebound puts even more pressure on airlines who are already short staffed. American Airlines is offering its employees 150% more than their usual pay to work on peak days this season. Marriott CEO Tony Capuano says the world is itching to get back to travel; many of his hotels are full as antiviral Covid-19 therapeutic pills become a reality and vaccinations become more widespread. And Uber CEO Dara Khosrowshahi says his business is also reaping the benefits of more travelers, with airport rides surging and more and more passengers back on the road. Plus, Elon Musk polled millions on Twitter, and the House has finally passed a $1T infrastructure bill--although the social safety net bill is back on hold. In this episode: Dara Khosrowshahi, @dkhos Tony Capuano, @Marriott Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod. I'm the NBC producer Katie Kramer.
0:08.0	Today on our podcast, Back on the Road.
0:11.0	Global Travel on the Men's The many travelers and investors making that bet with
0:15.4	Marriott CEO Tony Capuano. The investment community is gaining confidence in the
0:20.4	recovery of travel. Could it be the end of the pandemic as we know it?
0:25.0	Uber CEO Dara Kazir Shahi says things are a change in.
0:28.0	As the world is opening up, so is our business.
0:31.0	We hit an all-time high in terms of gross bookings.
0:34.6	October again was an all-time high for us. It was up over 40%.
0:38.8	Those stories plus infrastructure week, finally, vaccine mandates are up for debate again and
0:46.2	American Airlines staffing is back up in the air. Those who work during peak holiday
0:50.8	periods will earn 150% of their normal pay.
0:54.0	It's Monday, November 8th, 2021, Squack Pod begins right now.
0:59.0	Stand back you by in three, two, one good morning welcome to squawk box here on
1:06.0	see mbicky quick along with Joe Kern and Andrew is off today Joe we match
1:11.2	pretty nicely though that happens a lot I don't know what that means.
1:14.0	I know what that means either.
1:15.0	It's being, you know, work spouses for how long?
1:20.0	20 years.
1:21.0	16 and 17.
1:22.0	Getting up there. 17.
	...

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