TikTok, the App of Microsoft’s Eye; LA Clippers Chairman Steve Ballmer; Restaurateurs Seeking Relief

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 3 August 2020

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Microsoft is in talks to buy some of the TikTok business from Chinese parent company ByteDance as U.S. government officials raise concerns about the platform’s risks to national security. Microsoft’s largest shareholder, former Microsoft CEO, founder of USAFacts, and Chairman of the NBA LA Clippers Steve Ballmer talks TikTok, big tech, and Covid cases. Plus, Cameron Mitchell operates dozens of successful restaurants across the country, but he says his industry won’t survive without another stimulus package.

Transcript

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0:00.0	This is Squawk Pod. I'm C. M.C. producer Cameron Costa. Today on our podcast,
0:08.0	Tic- Talk, the app of Microsoft's eye, a roller coaster weekend for the social media platform from a presidential threat to a big tech bid.
0:17.0	Former CEO of Microsoft Steve Balmer on TikTok's potential deal.
0:21.0	It's an exciting avenue for Microsoft to really increase its
0:25.2	consumer base. Plus Balmer, the chairman of the LA Clippers, says it's finally
0:30.3	time for sports. Society wants some sense of normalcy's.
0:35.0	Society wants sports.
0:37.0	Sports rallies people.
0:38.0	It brings people together.
0:40.0	And a stimulus stalemate, how one restaurateur is troubleshooting his own business
0:46.3	while he awaits a new round of government relief.
0:48.9	Here we are today and I feel just as nervous about the future as I did back in the beginning of March
0:55.6	when coronavirus was coming over the horizon. It's Monday August 3rd 2020
1:01.6	Squack Pod begins right now.
1:04.0	Good morning everybody.
1:06.0	Welcome to Squackbox here on C.
1:08.0	I'm Becky Quick along with Andrew Ross Sorkin and Scott Wopner.
1:11.0	Joe is out today, but Scott we're thrilled to have you with us how you doing
1:14.2	I'm doing well guys it's good to be with you this morning thanks for having me yeah
1:17.8	good to see you
1:19.8	first up on today's podcast tick toic-Toc's Wild Weekend.
1:24.2	Tic-Toc is a short-form video social media platform
	...

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