The Box Office Rebound & A Student Debt Debate 5/31/22

Squawk Pod

CNBC

Investing, Business, News, Business News

4.2 • 543 Ratings

🗓️ 31 May 2022

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Paramount’s “Top Gun: Maverick” broke box office records this Memorial Day Weekend. AMC CEO Adam Aron expects moviegoers to continue to return to theaters throughout the summer season, which is good news for all AMC shareholders. The Biden administration is floating a student loan forgiveness plan that has frustrated politicians on both sides of the aisle; Purdue University President Mitch Daniels airs his own concerns. Plus, the EU has committed to a partial ban on Russian oil, and President Biden has laid out his strategy to fight inflation in The Wall Street Journal. In this episode: Adam Aron, @CEOAdam Becky Quick, @BeckyQuick Brian Sullivan, @SullyCNBC Julia Boorstin, @JBoorstin Sharon Epperson, @Sharon_Epperson Cameron Costa, @CameronCostaNY

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music please.
0:02.6	Hi there, I'm C. N.C. producer Cameron Costa.
0:07.4	Today on Squack-Pod, a record-breaking Memorial Day weekend at the box office.
0:13.8	It's like Wizard of Oz, the Godfather, Top Gun Maverick.
0:17.6	AMC CEO Adam Aaron says, yep, movie goers are back,
0:21.7	and this time it might be for good.
0:24.4	I actually think that when Paramount releases numbers today, they'll be higher than what you've seen in the press reports.
0:30.5	This is two and a half times the biggest Tom Cruise movie
0:34.1	opening ever.
0:35.1	And the Biden administration considering a loan forgiveness plan that
0:40.0	has both sides of the aisle underwhelmed,
0:43.2	president of Purdue University, Mitch Daniels.
0:46.4	This dead fish isn't smelling any better the older it gets.
0:49.5	One reason this is taken so long for the administration to say something about is they know it's fatally flawed.
0:55.5	Those stories plus we're tracking what might have been a bull in a bear market that is and the oil issues that just keep coming.
1:04.0	It's Tuesday, May 31st, 2022, and Squawkpad begins right now.
1:10.0	Stand back you by in three two one.
1:13.0	Good morning welcome to squawk box right here on
1:17.1	cnbec we're live from the NASDAQ market site in time square.
1:20.4	I'm Becky Quake, along with Brian Sullivan.
1:22.6	Joe and Andrew are off today.
1:24.1	Brian, it's good to see you.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.