The Donut Debut: Krispy Kreme on the Nasdaq; 100 Years of China’s Communist Party

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 1 July 2021

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

One of 18 IPOs this week alone, donut chain Krispy Kreme has debuted for public trading on the Nasdaq. Joe, Becky, and Andrew snack their way through the morning coverage, and Krispy Kreme CEO Mike Tattersfield shares the company’s 84-year journey to its second IPO. As China celebrates the 100th anniversary of its Communist Party, President Xi Jinping resolved to stand up to foreign powers who may “bully” China, and laid out goals for the country’s next 100 years. CNBC’s Beijing Bureau Chief Eunice Yoon considers how Chinese and global citizens are responding to President Xi’s plans, and the direction in which he’s pushing the Communist Party. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Bring in show music please.
0:02.6	This is Squawk Pod.
0:05.9	I'm C. NBC producer Cameron Costa.
0:08.2	Today on our podcast, Donut go anywhere.
0:12.6	You guys eating any of these?
0:14.0	We had a couple pieces of bacon here.
0:16.0	In my sick mind, I thought about layering it on top of a glazed donut and eating it.
0:20.7	Crispy Cream goes back for seconds.
0:23.7	The donut chain going public again, in an IPO a generation after its first launch.
0:30.3	Last year we sold 1.3 billion donuts. I love that. It's great. One third of our donuts are dozens
0:37.5	are actually gifted to others. And China's President Xi is standing up to bullies and pushing the Chinese Communist Party forward, or maybe backward, to its roots.
0:50.0	CNBC's Beijing Bureau Chief Eunice Eun.
0:53.2	A lot of people here are also worried about where President Xi Jin Ping is taking the Communist
0:58.4	Party because it has evolved a lot since it was founded in 1921.
1:04.0	It's Thursday, July 1st, 2021.
1:08.0	Squack-Pod begins right now.
1:10.0	Stand Becky by in three, two, one, Q, gee.
1:14.0	Good morning everybody.
1:16.0	Welcome to Squawk Box here on C.
1:18.0	I'm Becky Quick, along with Joe Kernan and Andrew Ross,
1:21.0	and Andrew, these are the donuts that you can eat.
1:24.1	Lots and lots of, not the heavy ones.
	...

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