Pushing EVs at Rivian & Driving Careers with NBC’s Bonnie Hammer 05/08/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 8 May 2024

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Electric vehicle maker Rivian reported a quarterly revenue beat and a cut to its capital spending forecast. CEO RJ Scaringe explains his vision for the future of EVs, the total addressable market, and Rivian’s charging station partnership with Tesla. NBCUniversal Vice Chair Bonnie Hammer has compiled the best–and worst–advice for workers new and seasoned in her new book, “15 Lies Women Are Told at Work…and the Truth We Need to Succeed.” After years in the business, Hammer shares her favorite moments of mentorship, and encourages younger generations to differentiate “personal worth” from “professional worth.” Microsoft will make a $3.3B AI investment in Wisconsin, and the Biden administration has revoked certain licenses to export chips to Huawei, the Chinese tech company. Plus, Disney stock is under pressure, and FTX is officially able to pay its customers back…with interest. RJ Scaringe 16:00 Bonnie Hammer 22:54 In this episode: RJ Scaringe. @RJScaringe Phil LeBeau, @Lebeaucarnews Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick 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. N.C. producer Katie Kramer, today on Squawk Pod.
0:09.0	Electric vehicle maker Rivian wants to deliver for the EV Curious.
0:13.9	And CEO, RJ Scouringe, has even teamed up
0:16.4	with rival Tesla to make chargers.
0:18.8	As we continue to build our network,
0:21.1	you know, in addition to what you see with Tesla. We really think this is an important part of
0:25.8	pulling more and more customers into electric vehicles.
0:29.6	And the Queen of Cable, NBC Vice Chair Bonnie Hammer has compiled her best and worst career advice for new
0:35.8	grads and seasoned workers.
0:38.0	I think we conflate personal worth and professional worth.
0:42.4	The only way to prove your worth at work is to work at it.
0:47.0	All that, plus Disney has a bad day, cracking down on Huawei's chip supply, Microsoft doubling down on AI,
0:55.9	and FTX customers will finally get their payday.
0:59.2	Shareholders get nothing. This is just people who have had money on the platforms.
1:03.0	It's Wednesday, May 8, 2024.
1:06.0	Squawk Pod begins right now.
1:09.0	Stand Becky by in three, two, one, queue please.
1:14.0	Good morning everybody.
1:15.0	Welcome to Squackbox right here on CNBC.
1:17.6	We are live from the NASDAQ Market site in Times Square.
1:20.6	I'm Becky Quick, along with Joe Kernan and Andrew Ross Sorkin and here we go.
	...

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