“Tipping the Waiter” at the TikTok Table; Howard Schultz: This is a five-star emergency

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 4 August 2020

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Over three million small businesses in the U.S. have closed amid the pandemic, and former Starbucks Chairman and CEO Howard Schultz says that without any "significant stimulus" plans available, millions more will follow. As the coronavirus crisis wears on, schools across the country are strategizing safe education. Julie Kashen, Director at Women's Economic Justice and Senior Fellow at The Century Foundation, discusses what’s at stake for parents--and the economy--in school’s new normal. If children are staying home...who’s caring for them? Plus, Microsoft may have competition in its pitch to buy TikTok, and President Trump wants the U.S. government to receive a cut of the deal.

Transcript

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0:00.0	This is Squawk Pod. I'm C. M. C. C. C. C. C. C. C. C. C.
0:05.0	Custa. Today on our podcast, taking stock of all the players eyeing
0:10.0	Microsoft's potential deal with Tik-Toc.
0:12.0	From other international tech companies to the
0:15.2	U.S. government?
0:16.2	On Wall Street and banker parlance, by the way, they call that tipping the waiter, but I don't
0:20.2	think we've ever tipped a government for a transaction.
0:23.6	Former Starbucks CEO Howard Schultz is pushing for long-term support for small businesses
0:28.3	affected by the coronavirus pandemic.
0:30.4	It is no longer a crisis.
0:32.1	This is a five alarm emergency in which I believe all roads should lead to small business release in any stimulus package.
0:42.0	Those stories plus apples race to $2 trillion and it's back to school season.
0:49.0	But this year, parents are adding more than just school supplies to their to-do lists.
0:53.4	The fact that parents are going to be struggling with how to facilitate remote learning while
0:58.4	also working, this affects employers.
1:01.2	It's Tuesday, August 4th, 2020.
1:03.6	Squawkpad begins right now.
1:06.0	Good morning, everybody.
1:07.2	Welcome to Squawk Box here on C.
1:09.4	I'm Becky Quick, along with Andrew Ross-Sorkin
1:11.5	and Scott Wopnerner Joe is out today.
1:14.3	Scott welcome was that really your first day to be doing this from home yesterday?
	...

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