Sneakerhead Wardrobes, Washington’s Shakeup, & Taming the Wild West 11/18/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 18 November 2022

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the wake of the midterms, a leadership shakeup in Washington: Nancy Pelosi will step aside from her leadership post, and Rep. Kevin McCarthy (R-CA) is likely to take her place as Speaker of the House. FTX’s fiasco has triggered a crypto meltdown, and the mistakes of its leadership have renewed urgency for regulation in the space. Former SEC enforcer Lisa Braganca explains how regulators can protect crypto investors from future collapses like this one. Plus, in the reign of Elon Musk, Twitter is undergoing major layoffs, and, a story for the sneakerheads! Foot Locker’s new CEO Mary Dillon discusses her company’s big quarter and the trends giving a new life to “sneaker wardrobes.” Have a long memory about corporate name changes like Joe Kernen? Check out this classic CNBC report on retail bankruptcies and how Venator became Foot Locker. In this episode: Lisa Braganca: @LisaBraganca Mary Dillon:@Footlocker Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin 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 Pod.
0:08.0	Beyond the FTX fiasco, where does crypto go now?
0:13.4	And who's ready for some regulation?
0:15.3	Former SEC Enforcer, Lisa Berganza.
0:17.9	Frauds happen.
0:19.1	Frauds happen in highly regulated areas
0:22.0	and they happen in low regulated areas.
0:25.0	And calling all sneaker heads, new footlocker CEO Mary Dylan is building community,
0:31.0	business, and wardrobes.
0:32.8	The category of sneakers is really hot, right?
0:36.3	Get your kicks from your kicks.
0:38.3	With a casualization of society, we're wearing sneakers and we're not going back. Plus, chaotic layoffs at Twitter as the Musk era takes shape.
0:47.0	A hardcore work environment.
0:49.0	And Chaos at the box office, Swifties Ticketmaster, and Fangirling 101.
0:54.5	Think of what Harry Stiles did in New York.
0:57.4	Fourteen concerts and non-sport gardens.
0:59.4	You only made half of those, only made half.
1:01.8	I actually didn't make any of them I wanted to though.
1:03.4	For the kids? No for me! It's Friday November 18th, 2022. Squawk Pod begins right now.
1:12.4	Stand Becky by in three, two, Squawk Pod begins right now.
1:13.0	Stand Becky by in three, two, one, queue please.
	...

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