Oscar Health Handoff, Trouble Brewing for Binance, & Disney’s Cost Cuts 03/28/23

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 28 March 2023

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

The CFTC has filed a complaint against Binance, alleging that the crypto exchange violated federal law. Speaker of the House Rep. Kevin McCarthy (R-CA) has sent President Biden a letter pushing for a path forward on the debt limit. In an extended interview, Speaker McCarthy discusses U.S. economic stability, the collapse of Silicon Valley Bank, and the one thing all American lawmakers seem to agree on: cracking down on TikTok. Oscar Health co-founder and CEO Mario Schlosser is handing over leadership to former Aetna and Bridgewater CEO Mark Bertolini. The outgoing and incoming Oscar Health CEOs discuss their mission to shake up the health care system, starting with the company’s profitability. Plus, Disney’s reinstated CEO Bob Iger is cutting costs, starting with layoffs and the Magic Kingdom’s metaverse. In this episode: Kevin McCarthy, @SpeakerMcCarthy Mario Schlosser, @mariots 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	Hi, I'm C NBC producer Katie Kramer today on Squawk Pie.
0:09.0	House Speaker Kevin McCarthy tells President Biden on our show that the debt ceiling clock is ticking.
0:15.2	Let's not play brinkmanship with I will not do.
0:18.0	Let's sit down, let's be reasonable and rational.
0:21.2	But at least there's one tick-talk that both parties can agree on.
0:25.0	Of 150 million Americans knew that their data was being used by the Communist Party of
0:29.5	China, would they be concerned about using it? A handoff at Oscar Health, the outgoing and incoming CEOs, Mario Schlosser, a founder, handing
0:38.9	over the reins.
0:39.9	I think we have a chance to be the most automated health insurer, and I think we have a chance to be the most automated health insurer and I think
0:43.6	have a chance with Mark to be the most intelligence system health insurer as well.
0:48.0	And seasoned health care CEO Mark Bertelini taking over.
0:51.6	Number one, Asker's well prepared for recession or stagflation, whatever we should see,
0:56.8	and there's a lot of arguments about both.
0:59.7	All that today, but first, crypto exchange Binance in hot water with regulators.
1:04.8	This is not FTX.
1:06.2	What they're talking about is still a violation of US law.
1:09.6	In Disney, trying to keep the magic alive.
1:12.0	So you are in the metaverse?
1:13.0	Yes, kind of.
1:14.0	I ran all over Istanbul.
1:17.0	That's pretty cool.
	...

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