Ryan Reynolds, Nuvei, & Bank Earnings Begin 04/17/23

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 17 April 2023

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

In his latest business venture, actor, producer, and entrepreneur Ryan Reynolds has invested in fintech company Nuvei. Reynolds and his new partner Nuvei CEO Philip Fayer share how they’ll work together, and why they’re betting on fintech and on innovation in Canada. Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, discusses his next concern for the markets, as the “higher for longer” interest rate policy continues. Plus, it’s game time for the banking industry; big banks have begun to roll out results, and mid-size banks are unveiling financials this week. A month after the collapse of Silicon Valley Bank and the subsequent regional banking crisis, investors will read quarterly financials as indicators of banking instability and the long term impact of SVB’s failure. Google CEO Sundar Pichai has big expectations for AI, and Dominion’s lawsuit against Fox News will head to trial Tuesday, after a delay. In this episode: Ryan Reynolds, @VancityReynolds Mohamed El-Erian, @elerianm 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 NBC producer Katie Kramer today on Squack Pod.
0:09.0	Ryan Reynolds, the actor entrepreneur has gone from Deadpool to a billion dollar acquisition of one of his companies to business ventures around the globe.
0:17.0	We really refrain from overthinking things. We kind of, you know, shoot from the hip in a different way way but that's how fast culture moves.
0:23.0	He is announcing with us an investment in Canadian payments platform, Novee,
0:27.0	and he's joined by CEO Philip Fair.
0:29.0	We had a blank canvas, right?
0:31.0	It's hard to create a brand around a B-to-B payments company that is fun, that is engaging.
0:36.0	Mohamed Al-Arrian, the economist on what we coulda, should have done about bank failures and what investors should really be worried about.
0:44.4	I never liked the word crisis because we didn't have a banking crisis.
0:47.0	We had a few tremors and we're seeing that they weren't as bad as a lot of expected.
0:52.1	Plus the Fox versus Dominion trial delayed.
0:55.2	Google doubling down on artificial intelligence
0:57.9	and dozens of companies reporting quarterly results this week.
1:01.3	The new numbers that the Central bank follows for hints on what
1:04.5	to do about interest rates. You know we said we do it we're gonna do it we're not
1:08.3	gonna be swayed by you know data data. It's Monday, April 17th, 2023, Squack Pod begins right now.
1:17.0	Stand Becky by in three, two, one, cure please. Good morning.
1:24.0	Welcome to Squackbox here on CNBC.
1:25.8	We are live from the NASDAQ market site in Times Square.
1:28.6	I'm Becky Quick along with Joe Kernan and Andrew Ross Sorkin.
1:31.8	And if you want to take a look at what's happening with you,
	...

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