Surveying Isaias Damage; Sen. Marco Rubio (R-FL); College (Ghost) Towns

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 5 August 2020

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Businesses still recovering from Covid-19 shutdowns are now saddled with Tropical Storm Isaias damages. CNBC’s Contessa Brewer shares the storm’s impact on insurers amid the pandemic. Senator Marco Rubio (R-FL), Chairman of the Committee on Small Business and Entrepreneurship, says the worst relief plan for struggling businesses is no stimulus plan. The Senator weighs in on the stimulus stalemate in Congress and TikTok’s journey from hottest teenage app to hottest political headline. CNBC’s Ylan Mui reveals the financial impact of remote university learning on college towns in America, and former White House Health Care Policy Advisor Dr. Zeke Emanuel shares action steps for how schools can reopen safely. Plus, Apple is marching toward a $2T market cap, and Disney is leaning on streaming to survive the year.

Transcript

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0:00.0	This is Squawk Pod. I'm C. NBC producer Cameron Costa. Today on our podcast,
0:05.8	Damage Control after Hurricane E. Siais.
0:08.9	Got lucky to get here. Frankly, I think everybody's kind of lucky to be getting around today.
0:13.0	Getting past the stimulus stalemate with Florida Senator Marco Rubio,
0:18.0	Chairman of the Committee on Small Business and Entrepreneurship.
0:21.0	We have to do something.
0:22.0	Like the biggest problem here, the worst thing that could happen is that we do nothing and the
0:25.7	butt the thing could ride on its own.
0:28.2	And from college towns to ghost towns, remote university learning could mean serious economic repercussions for the communities that rely on students for survival.
0:38.0	CNBC's Alon Moy.
0:40.0	What happens at the university affects almost every aspect of life in this city?
0:44.0	Those stories plus stocks on a role.
0:47.0	Apples marching to 2 trillion and Disney's leaning on streaming to get through the year.
0:51.0	It's the streaming gain versus the rest of the
0:53.6	business pain. It's Wednesday August 5th, 2020. Squack Cloud begins right now.
0:59.2	Stand back you by in three, two, one.
1:02.6	Good morning everybody.
1:03.9	Welcome to Squawk Box here on C. M. Beky Quick,
1:06.7	along with Scott Wopner and Mike Santoli.
1:09.0	Joe and Andrew are both out today,
1:10.6	but guys, it's great to have both of you here.
1:13.0	First up on today's podcast, surveying the damage of Hurricane East Aia.
	...

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