The Democratic Party: What Now? 07/22/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 22 July 2024

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

After President Biden ended his re-election bid, he endorsed Vice President Kamala Harris. CNBC’s Eamon Javers reports on VP Harris’s spike in donations over the weekend, as well as the road toward the Democratic National Convention in August. While some Democrats have already endorsed VP Harris, former President Barack Obama and former Speaker Nancy Pelosi have not, which leaves the door open for other candidates vying for the nomination. Axios’s Mike Allen explains the other candidates who could come forward. Venture capitalist Vinod Khosla is an independent who hosted a Biden fundraiser in May; today, he’s calling for an open convention, but will support VP Harris if she wins the nomination. For Khosla, values are at stake this election, and more important than economic issues. Plus, Warren Buffett’s Berkshire Hathaway has sold $1.5B worth of Bank of America stock, and Delta is still recovering from the largest IT outage in history. Eamon Javers 2:07 Mike Allen 16:30 Vinod Khosla 29:57 In this episode: Vinod Khosla, @vkhosla Mike Allen, @mikeallen Eamon Javers, @eamonjavers Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk 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 Squack Pod.
0:09.0	President Biden withdraws from the 2024 race and puts his endorsement in the spotlight on Vice President
0:15.6	Kamala Harris.
0:16.6	It is now Harris for president, not Biden for president.
0:19.8	Our Aiman Javers reporting and Axios is Mike Allen on Harris's road from hopeful
0:24.8	Veepe to potential nominee. Most people don't know her. She has a golden
0:29.6	moment here to introduce herself, define herself.
0:34.0	And Vinote Kosela, an independent venture capitalist who hosted a Biden campaign fundraiser in May,
0:40.0	now calling for an open Democratic convention, but he will still support Vice President
0:45.0	Harris if she's the nominee.
0:46.6	I do believe she has a good chance of beating Trump, and beating Trump is more important
0:51.8	than winning the presidency.
0:54.7	Plus Warren Buffett, selling a billion and a half dollars worth of Bank of America
0:58.8	stock, and Delta, still recovering from the biggest global IT outage in history just a couple of days ago.
1:05.9	Remember that?
1:06.9	What did you guys do?
1:07.9	We stumble through three hours of television.
1:12.2	It's Monday July 22nd, Squack Pod begins right now.
1:16.0	Stand Becky by in three, two, one, queue please.
1:21.0	Good morning everybody. Welcome to Squackbox right here on
1:24.8	CMBC. We are live from the NASDAQ market site in Times Square. I'm Becky
	...

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