Opening Day with Red Sox Chairman; An Infrastructure Plan & “Smart Capitalism” with NYT’s Tom Friedman

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 1 April 2021

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

President Biden has unveiled his $2 trillion, 15 year infrastructure plan signaling stricter corporate tax policies and a crackdown on offshoring. New York Times columnist Tom Friedman digests the proposal and his hopes for “smart capitalism” in a discussion of his latest column. Tom Werner, Chairman of the Boston Red Sox and of the Fenway Sports Group, discusses the MLB’s Opening Day and Fenway Park’s plans to reopen to fans at a 12 percent capacity. Plus, Pfizer’s Covid vaccine is proving effective and safe as it continues to roll out around the world, and Johnson & Johnson has quarantined some of its own supply.

Transcript

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0:00.0	This is Squawk Pod. I'm C. M. C. producer Zach Valisei. Today on our podcast, President Biden has unveiled
0:08.4	his long-awaited infrastructure plan, the risks and the potential with New York Times columnist Tom Friedman.
0:15.0	Never have more people at access to capital and never have there been more problems to solve.
0:19.0	So the raw material is there for a real explosion of creative destruction.
0:25.0	Pfizer's vaccines are still proving safe and Johnson and Johnson seems to have contained the jab drama.
0:31.0	That lot has itself been quarantined.
0:34.4	This is a weird word to use for what you do to a vaccine.
0:37.6	Plus, baseball is back.
0:40.4	Opening day in the return of sports with Red Sox Chairman Tom Warner.
0:44.0	The bond that fans have with their local sports team is so strong and in an era of disruption
0:50.0	sports really is must carry, whether it's the NFL or the NBA or MLB.
0:55.0	Those stories plus Elon Musk has another job to add to his resume.
1:00.0	No joke. It's Thursday, the first day of April.
1:02.0	April 1st, yes, April Fool's Day. joke. It's Thursday, the first day of April.
1:02.7	April 1st, yes, April Fool's Day.
1:05.0	Squack Pod begins right now.
1:07.8	Welcome to Squack, here on C.
1:10.1	I'm Becky Quick, along with Joe Kernan and Andrew Ross Sorkin.
1:13.0	I'm just trying to make sure I don't get fooled by something now that I've been warned.
1:18.0	I know I was trying to think of a joke that I could pull over on you, but I knew that you'd be wise to the ways of this.
1:24.1	No I wasn't.
1:24.8	I read it.
	...

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