Staying Home or Hitting the High Seas: Lowe’s & Royal Caribbean 11/16/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 16 November 2022

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Despite a housing slump, Lowe’s CEO Marvin Ellison says that the home improvement business is going strong. In an interview after the company’s earnings beat, Ellison highlights the key demographic heating up its home-buying: millennials. For Royal Caribbean, demand is strong, too; CEO Jason Liberty recalls the rough seas during the height of the pandemic, but underlines the travel and cruise resurgence. Plus, former President Trump has officially announced his bid for the White House in 2024, and NASA’s Artemis 1 mission heads to the moon! In this episode: 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.
0:07.0	Today on Squack Pod, The Consumer Story,
0:10.0	Two huge businesses on the other side of the pandemic.
0:13.6	The first, Lowe's the big box retailer delivers for investors,
0:17.6	housing slump interest rates, whatever,
0:19.7	CEO Marvin Ellison and his key demographic.
0:23.0	Through 2025, we're going to see 250,000 millennial buyers per year enter the market.
0:31.2	And then Royal Caribbean, travel surging once again, and CEO Jason Liberty says it is smoother
0:37.3	sailing ahead.
0:38.3	People are trading stuff or experience.
0:40.6	Our pricing's up, our volumes are up. To where it was was to where it was a pre-pandemic.
0:45.0	Lost former President Trump and 2024.
0:49.0	Tonight announcing my candidacy for President of the United States.
0:53.6	We all knew this was coming.
0:54.9	He went ahead with it.
0:55.8	He went ahead with it.
0:56.7	Two letters.
0:57.4	Was the headline?
0:58.1	No.
0:59.1	It's Wednesday, November 16, 2022. Squack Pod begins right now.
1:04.7	Stand Becky by in three, two, one, queue please.
	...

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