meta_pixel
Tapesearch Logo
Log in
Squawk Pod

The End of Globalization. 03/24/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2543 Ratings

🗓️ 24 March 2022

⏱️ 27 minutes

🧾️ Download transcript

Summary

Larry Fink, CEO and chairman of the world’s biggest asset manager BlackRock, wrote in his annual letter that Russia’s invasion of Ukraine is reversing the long-running trend of globalization. Blackrock, which oversees more than $10 trillion, has suspended the purchase of any Russian securities in its active or index portfolios. CNBC’s Kayla Tausche reports from Brussels, Belgium, where President Biden’s and other NATO leaders are meeting to discuss the Russia-Ukraine war. As Covid cases tick upward abroad and begin to tick upward here at home, Moderna CEO Stephane Bancel says the drugmaker wants to provide U.S. regulators “flexibility” in determining eligibility for a fourth Covid vaccine dose. CNBC’s Meg Tirrell sits down with Bancel ahead of the company’s vaccine day and discusses the company’s latest data surrounding its Covid-19 vaccine in young kids. Plus, Google has agreed to test letting app developers offer users their own payment systems, starting with Spotify. In this episode: Stephane Bancel, @moderna_tx Kayla Tausche, @kaylatausche Meg Tirrell, @megtirrell Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie

Transcript

Click on a timestamp to play from that location

0:00.0

Bring in show music please.

0:03.0

Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pod.

0:08.0

It's that time again, COVID cases springing up with the daisies.

0:13.0

But Moderna CEO Stephan Bonsel believes

0:15.4

that the world is better prepared than ever.

0:18.1

I think it's very wise to get ready for four of those

0:21.2

in this spring for people at Paris.

0:24.0

Larry Fink, CEO of the world's largest asset manager, says globalization as we know it is over.

0:30.0

Was there globalization during the Cold War?

0:32.0

Is there a globalization ex-Russia and potentially ex-China?

0:36.0

It's Western versus Eastern.

0:38.0

Depending on their behavior.

0:39.0

All that today, but first an extraordinary meeting for NATO with the world's leaders.

0:44.4

When it comes to chemical weapons, is that a red line for NATO should they be prepared to act?

0:49.0

That in the Putin has already crossed the red line into barbarism. It's Thursday, March 24, 2022.

0:53.0

It's Thursday, March 24, 2022.

0:56.0

Squawkpad begins right now.

1:01.0

Good morning, Mr. President.

1:05.0

President.

1:06.0

President Joe Biden joined fellow NATO leaders in Brussels Belgium for an emergency meeting,

1:11.0

the first of three summits of world leaders just today focused

1:14.6

on responding to Russia's war in Ukraine.

...

Please login to see the full transcript.

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.

Copyright © Tapesearch 2026.