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Squawk Pod

Reopenings and Resurgence: Dr. Scott Gottlieb & Yelp’s Small Business Data

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2543 Ratings

🗓️ 15 June 2020

⏱️ 25 minutes

🧾️ Download transcript

Summary

Dr. Scott Gottlieb, former FDA Commissioner and CNBC board member at Pfizer and Illumina discusses concerns about a second wave of Covid-19 in states attempting to reopen, as well as the potential consequences. Justin Norman, Yelp’s Vice President of Data, shares the stats on small businesses reopening across the country, in a dataset exclusively for CNBC.

Transcript

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0:00.0

This is Squawk Pod. I'm C. NBC producer Katie Kramer. Today on our

0:05.6

podcast reopening and resurgence. Dr. Scott Gottlieb says once we reopen we

0:11.7

can't shut back down. So what happens if a second wave of

0:14.8

COVID follows relaxing pandemic protocol? I think come this fall you're likely to

0:19.1

see situations where Americans can't travel abroad, where other countries that manage to crush their virus aren't going to allow Americans

0:25.9

to travel to those countries because we're going to have higher infection rates.

0:29.1

And assessing the damage to brick and mortar businesses with Yelps VP of data science Justin Norman.

0:33.8

As of June 10th, we've seen more than a 143,000 total business closures.

0:39.2

And what we're seeing within that data is that over 35% of these are marked as permanent closures by

0:44.9

businesses. Plus grounded airlines and their new ways to stay aloft. It's Monday

0:50.6

June 15th 2020 Squack Pod begins right now.

0:55.4

Good morning, everybody.

0:56.4

Welcome to Squack Box here on C.M.

0:58.8

I'm Becky Quick, along with Joe Kernan and Andrew Ross Sorkin.

1:01.6

Let's take a look at this.

1:03.0

First up on today's podcast, a surge in coronavirus cases.

1:06.8

Many US states are opening backup for business and unfortunately some have the COVID numbers to prove it.

1:12.8

Reported record numbers of new cases

1:15.0

over the past three days in Alaska, Arizona,

1:18.1

Arkansas, California, Florida, North Carolina,

1:21.5

South Carolina, and Oklahoma.

1:24.0

Alabama reported a record number of new cases for its fourth day in a row, and hospitalizations

...

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