Tesla, Coinbase, & ARK’s Cathie Wood 6/09/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 9 June 2023

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Amid the SEC’s lawsuits against crypto exchanges Binance and Coinbase, famed tech bull Cathie Wood is doubling down on crypto. The Ark Invest CEO and CIO explains why she just upped her firm’s stake in Coinbase by over $20m, despite the regulatory issues. She’s betting on crypto, but Cathie Wood’s biggest holding is still Tesla; she also discusses Tesla’s new charging network partners: Ford and GM. Plus, Google employees are pushing back on their new directive to return to the office, and CNBC’s Eamon Javers reports on Donald Trump’s indictment. In this episode: Cathie Wood, @CathieDWood Eamon Javers, @EamonJavers Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin 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 Pot.
0:09.0	Kathy Wood, known as Aunt Kathy, the Redditor's favorite high-tech stock picker her bets on
0:15.4	crypto's future in America. We now have the judicial system and the legislative
0:20.2	system getting involved in this topic and I think it's great and her timeline
0:25.8	for returns. Right now the SEC regulation and uncertainty around it is chasing digital asset business away from this
0:36.6	country. Plus in other high-tech stories Google's employees pushing back on office
0:42.4	mandates and Tesla scoring forward and now GM in its network of EV chargers
0:47.4	Tesla will be collecting lots and lots of revenue for many many many many many years probably forever
0:53.4	But first the big story in Washington former President Trump's
0:56.8	indictment with see NBC's a man jabbers.
0:59.4	The real question is what do Republican voters gain from any of this?
1:03.4	It's Friday.
1:05.4	We repeat that.
1:06.4	It's Friday.
1:07.4	June 9th, 2023, Squack Pod begins right now.
1:11.3	Stand Becky by in three, two, one, queue please.
1:17.0	Good morning everybody.
1:18.0	Welcome to Squackbox here on CNBC.
1:20.0	We're live from the NASDAQ market site in Times Square. I'm Becky Quick along with
1:24.4	Joe Kernan and Andrew Ross Sorkin. And yes it is Friday and here we go.
1:28.9	In the big news, the federal grand jury has now indicted former President Donald Trump on seven criminal charges in connection with the mishandling of more than a hundred classified documents.
	...

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