Taking Off: Holiday Travel & Beauty Gifting 12/18/23

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 18 December 2023

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

As holiday travel ramps up, Southwest Airlines is landed with a $140 million fine for last holiday season’s travel meltdown. U.S. Transportation Secretary Pete Buttigieg emphasizes airline obligations to passengers, as well as the infrastructure needed to protect American consumers and travelers. Companies must now disclose cyberattacks in a timely manner, in compliance with new rules from the SEC. Former CEO of FireEye and current Mandiant CEO Kevin Mandia explains the implications of this new rule for shareholders and corporations. Plus, the world’s fourth largest steel producer, Japan’s Nippon Steel, is buying US Steel for $14.9 billion. CNBC’s Courtney Reagan reports on the strength of beauty this holiday season, as the total addressable market for the sector expands in age and gender identity. Courtney Reagan - 6:49 Phil Lebeau - 13:10 Pete Buttigieg - 10:03 Kevin Mandia - 28:36 In this episode: Pete Buttigieg, @SecretaryPete Courtney Reagan, @courtreagan Phil Lebeau, @Lebeaucarnews Joe Kernen, @JoeSquawk 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	Twas the week before Christmas and all the bags were packed.
0:12.8	Transportation Secretary Pete Budajetch,
0:15.0	on the multi-million dollar fine against Southwest
0:17.8	and the busy holiday season.
0:19.5	The Sunday after Thanksgiving,
0:21.0	that was the most passengers to board airplanes in the United States
0:24.6	of America in our history. Hack attack, the new SEC rules requiring companies to disclose
0:30.7	cyber breaches in days.
0:32.8	Security expert Kevin Mandia on the year in Hex.
0:35.8	The impact of the attacks has gone up.
0:38.1	Throughout my entire career responding to breaches,
0:40.9	it used to be you could manage through the breach and there was not material
0:45.0	business impact. Plus, Deal or No Deal Monday, U.S. Steel bought by the Japanese,
0:50.8	Adobe walking away from an acquisition, and the retail sector putting on its holiday
0:56.0	lipstick.
0:57.0	What?
0:58.0	It's a final shopping week before Christmas.
1:00.9	Rainy days and Mondays. It is wet.
1:03.0	It's December 18th, 2023, Squawk Pod begins right now.
1:08.0	Stand Becky by in three, two, one, kill please.
	...

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