The “Winning” Bid for WeWork; Under Armour’s Handover; Trade & Taxes

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 22 October 2019

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The WeWork saga continues, even during broadcast. Joe Kernen, Becky Quick, and Andrew Ross Sorkin break out the details of Softbank’s rescue plan for the company as the news hits the wires. You’ll hear Andrew’s own reporting, as well as reporting from The Wall Street Journal’s Maureen Farrell. Under Armour’s Kevin Plank is handing the CEO role over to Patrik Frisk; CNBC’s Courtney Reagan interviews them both. Economist Art Laffer has an economic theory named after him, and now he has a plan for redistributing wealth in America. Plus, Republican Senator Chuck Grassley trusts President Trump’s word more than he trusts China’s.

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod, the daily podcast brought to you by the team behind Squawk Box.
0:09.0	NYC, this is C. M.C. Control 2.
0:10.0	C. M.C.'s essential morning show.
0:13.0	Every day get the best stories, debate, and analysis from the biggest names in business and politics.
0:19.0	We're coming to it next.
0:20.0	Today, rescuing We Work and paying out the CEO.
0:23.6	That's unbelievable.
0:24.6	They'd offer him more money to go away.
0:26.2	You're effectively paying him twice.
0:28.6	Economist Art Laffer.
0:29.9	Whenever we've lowered the rates on the rich.
0:32.4	For evidence has gone way up, these people can get around your taxes, Joe.
0:36.5	The man behind the Laffer curve weighs in on the ideal tax rate for the 1%.
0:41.3	And Senator Chuck Grassley on phase one.
0:43.6	When you consider that China's 15% of the world's economy, we're 22%.
0:49.2	That's 37% added together.
0:51.5	When they get together, it's going to have an influence on a whole globe.
0:55.0	The devils in the details of the China Trade Deal.
0:58.0	We've got those stories and more including new leadership at Undermer.
1:01.0	I'm C. M.C. C. C. C.
1:03.6	It's Tuesday, October 22nd, 2019.
	...

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