The $2000 Check Debate with Senator Toomey & The $1B+ Club: Unqork

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 30 December 2020

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Senator Pat Toomey (R-PA) shares why he remains against upping the American stimulus checks from $600 to $2000 amid the pandemic. CNBC’s Senior Economics Reporter Steve Liesman breaks down the economic arguments on both sides of the stimulus debate. The United Kingdom has approved the Oxford-AstraZeneca coronavirus vaccine for emergency use, and the shot will join the Pfizer-BioNtech vaccine distribution already underway there. Dan Loeb’s activist hedge fund Third Point is pushing chipmaker Intel to explore a strategic deal, and the news has already directly impacted Intel’s stock price. Plus, it’s a new age for enterprise according to Unqork, the three-year-old no-code software platform that hit a $2B valuation in 2020. CEO Gary Hoberman and CapitalG General Partner Laela Sturdy discuss how software infrastructure is evolving, and which enterprise giants are taking part.

Transcript

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0:00.0	This is Squawk Pod. I'm CNVC producer Cameron Costa. Today on our
0:06.6	podcast, The Battle for Bigger Stimulus Checks Wages On, Pennsylvania Senator
0:12.1	Pat Toomey on Direct payments to Americans amid the global health crisis.
0:17.0	The idea that we're going to send out $2,000 checks per person to households that have had no loss of income.
0:26.9	That makes no sense whatsoever to me.
0:29.2	Across the pond, United Kingdom regulators have greenlighted the Oxford AstraZeneca COVID vaccine for emergency use.
0:36.0	UK Prime Minister Boris Johnson just tweeted out calling this a massive triumph for British science.
0:42.0	Plus, in spite of the no code software platform uncork.
0:52.6	CEO and founder Gary Hoperman on the new age for enterprise.
0:56.9	For the last 30 years, there's been no improvement in the way we actually create the software
1:02.0	that runs on that infrastructure and creates that data
1:04.7	that's being analyzed by all these machine learning technologies.
1:08.4	Those stories and Intel's pressure to make a deal.
1:11.8	It's Wednesday, December 30th, 2020. Today is New Year's
1:15.9	Eve. Yesterday was the eve of New Year's Eve. Squackpot begins right now.
1:22.4	Good morning everybody.
1:23.0	Welcome to Squack Box here on C.
1:25.0	I'm Becky Quick along with Joe Kern and Andrew is out today.
1:29.0	So you're here.
1:30.0	What's today?
1:31.0	Wednesday?
1:32.0	So you're here. yeah, I'm here.
	...

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