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Squawk Pod

Sweetgreen’s IPO, Support for Spanx, & Good Stock, Nvidia!

Squawk Pod

CNBC

Business News, Investing, Business, News

4494 Ratings

🗓️ 18 November 2021

⏱️ 19 minutes

🧾️ Download transcript

Summary

Salad chain Sweetgreen made its trading debut today on the New York Stock Exchange. The D.C.-based company, which was founded in 2007, is trying to tap into what it describes as a grossly underserved market for fast-food that is also fresh, seasonal, and healthy. Sweetgreen co-founders Jonathan Neman, Nicolas Jammet and Nathaniel Ru explain their vision for a “McDonald’s of this generation.” Deere & Co. workers approved a new contract late yesterday, delivering 10% raises immediately and ending a month-long strike for more than 10,000 employees. Shares of Nvidia are soaring after reporting a 60% year-over-year increase in adjusted quarterly earnings per share and a 50% year-over-year rise in revenue. Both measures exceeded expectations. More than 2 million children have already received their first dose of Pfizer’s Covid vaccine, just two weeks after the CDC authorized distribution of the shots for kids ages 5 to 11. Plus, Oprah, Reese Witherspoon...and Joe Kernen love their Spanx! In this episode: Jonathan Neman, @sweetgreen Nicolas Jammet, @nicolasjammet Nathaniel Ru, @nathanielru Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0

Bring in show music please.

0:04.0

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

0:09.0

Sweet Green goes public. The salad chain is making wellness waves in food.

0:14.5

CEO Jonathan Neiman.

0:16.0

We wanted to disrupt fast food and make it healthy.

0:18.5

They might be on to something, fellow Sweet Green founder Nathaniel Ru.

0:21.8

There's a seismic shift to plant-based eating.

0:24.2

There's a connection to purpose-driven brands.

0:26.4

And sustainability is top of mind for many of our customers.

0:30.1

And if, after all that salad, you still need some support, we've got you covered,

0:34.8

Spanks, Victoria's Secret, it's a shapeware kind of day.

0:38.0

I'm surprised you didn't know that I have those spanks.

0:40.0

I just thought you looked so spelt.

0:42.0

Plus Boosters ready to boost and NVIDIA the chip beating all other chips.

0:47.0

It's Thursday November 18th, 2021.

0:51.0

Squack-Pod begins right now.

0:53.4

Stand Becky by in three, two, one,

0:56.2

cure please.

0:58.0

Good morning, everybody.

0:59.1

Welcome to Squawk Box here on C.

1:01.2

I'm Becky Quick Quick along with Joe

1:02.6

Hermann and Andrew Ross Sorkin.

...

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