The Retail Details: Supply, Demand, & Holiday Pressures 11/25/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 25 November 2022

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It’s Black Friday! Retailers are ready for a weekend of holiday shoppers–both in store and online. CNBC’s Bertha Coombs reports on the brick-and-mortar shoppers, and former Macy’s President, CEO, and Chairman Terry Lundgren explains the consumer appetite for spending, even in such a pinched economic environment. Overseas, CNBC’s Eunice Yoon has the supply chain side of the retail story; she reports on Beijing’s “zero-Covid” policy and the protests that have broken out at Foxconn’s iPhone plant in Zhengzhou, China. Plus, Warren Buffett’s made some large donations in the holiday spirit, crypto exchange Binance is looking to lift the entire industry after its rival FTX prompted a sector-wide meltdown, and Elon Musk is rethinking the relaunch of Twitter Blue. In this episode: Steve Liesman @Steveliesman Becky Quick @BeckyQuick Bertha Coombs @berthacoombs Eunice Yoon:@onlyyoontv Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music please.
0:04.0	Hi, I'm C. NBC producer Katie Kramer today on Squawk Pot.
0:12.0	Black Friday door busters. Wait does anyone do that anymore?
0:16.7	Whether you're shopping in store or online, Macy's former CEO Terry Lundgren says it's
0:22.1	crunch time.
0:23.0	Friday today is important for momentum.
0:26.0	It's important for you to have a good experience, a good positive experience going into the stores and you'll want to go back.
0:34.0	Plus China's long COVID impact in global retail.
0:38.0	I can't get this China story out of my head.
0:40.0	Companies that are finding all new ways to get sourcing out of China and that's not going to go back.
0:45.0	And what else got us squawking this holiday?
0:48.0	I'm curious if it came back in your guys conversations during Thanksgiving.
0:51.0	It did not come up at our table.
0:52.9	It came up at ours.
0:54.0	Crypto Exchange Binance offers a recovery fund for a shaken industry.
0:58.2	Elon Musk says a new Twitter is coming.
1:01.0	I was kind of dreading the thought of coming in here today and talking
1:03.5	about it because I'm kind of sick of it. And Warren Buffett spending down
1:06.8	billions. It's not the portfolio you would have for a typical 92 year old, right?
1:11.2	It's not cautious. it's not fixed income it is Friday
1:15.2	November 25th squawk pod begins right now stand back you by in three two one
1:21.5	queue please good morning everybody Three, two, one, kill please.
	...

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.