The Legacy of Black Wall Street

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 4 June 2021

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

June marks the 100th anniversary of the 1921 Tulsa Massacre -- one of the worst incidents of racial violence in US history, claiming the lives of 300 African-Americans living, working, and thriving in a neighborhood known as Black Wall Street. After a white mob prompted two days of deadly violence, the events were largely forgotten for decades. A century later, in the wake of 2020’s racial justice protests and George Floyd’s murder, survivors of the massacre shared their experience with Congress. CNBC’s Frank Holland reports from Tulsa, Oklahoma, reflecting on those survivor testimonies and the legacy of Black Wall Street. In a conversation about Black representation in finance and beyond, BET Founder and RLJ Companies founder Robert Johnson considers the impact--and the intention--of businesses pledging money and support to the Black community. 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.
0:03.0	This is Squawk Pod. I'm C.N.C. producer Katie Kramer.
0:07.0	Today on our podcast, Two Anniversary's Two Different June. different junes. The board. Holding business accountable for promises made after the 2020 death of George Floyd,
0:19.6	VET founder Robert Johnson.
0:21.5	CEO's and companies, I hope out of good intentions.
0:25.6	Some of it may be just, we don't know what to do. So the knee jerk thing is announce a pledge.
0:31.2	But a pledge is meaningless if it's not fulfilled.
0:34.0	How corporate America can reflect all of America.
0:37.0	The community deserves to know that if you pledge to help us,
0:42.0	we trust you're committed, but verify.
0:45.3	And a story special to this podcast,
0:47.4	see NBC's Frank Holland with a reporter's notebook on covering the centennial
0:51.2	of the June 1921 Tulsa Race Massacre.
0:54.0	There's so many people who have come from all over the country and people who are from there
0:58.2	that are returning all kind of brought together almost like a pilgrimage.
1:02.6	It's Friday, June 4, 2021.
1:04.9	Squawk Pot begins right now.
1:07.0	One year ago, the first week of June in in 2020 we saw a reckoning in our neighborhoods
1:16.8	in our virtual workplaces about race in America.
1:20.0	The death of George Floyd at the hands of Minneapolis police prompted a wave of
1:27.4	protests for racial justice for awareness and corporate America had a
1:31.6	response.
	...

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