Trump and Musk: A Potential Alliance? 05/30/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 30 May 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Foot Locker posted better-than-expected comparable sales as CEO Mary Dillon’s turnaround plan shows signs of success. Dillon discusses the company’s “Lace Up” strategy, innovations in sneakers, and catering to all kinds of consumers. The Wall Street Journal’s Emily Glazer shares her scoop: former President Trump is considering a special advisor role for Elon Musk, should he win the presidency. Plus, Nelson Peltz sells his entire share of Disney stock, ExxonMobil shareholders voted to confirm the board after an activist fight, and McDonald’s says, prices are not too high. Mary Dillon - 11:44 Emily Glazer - 23:03 In this episode: Emily Glazer, @emilyglazer Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squawk Pod and I'm C.N.C. producer Cameron Costa.
0:08.0	On today's episode,
0:10.0	The Scoop that has Wall Street and the Hill buzzing, Donald Trump,
0:15.0	considering an advisory role for Elon Musk if he wins the presidency.
0:19.0	Wall Street Journal reporter Emily Glazer with her story.
0:22.0	Donald Trump and Elon Musk, both don't want to fully show. quarter Emily Glazer with her story.
0:22.7	Donald Trump and Elon Musk both don't want to fully show their cards.
0:25.6	They could both get a lot out of this potential alliance.
0:28.3	Trump needs voters, he needs money.
0:30.1	Elon wants influence.
0:32.3	And Footlockers lace up the plan well underway,
0:36.0	CEO and boardroom veteran Mary Dylan
0:39.0	on her strategy and her strategic partners like Nike.
0:43.0	I think they've got some exciting things today and coming in the future as we get into the Olympics and into next year.
0:49.0	We all wear them, but for different things.
0:52.0	We're going to call you the active athlete.
0:53.5	That's a category that we...
0:54.5	That might be overstating.
0:56.5	Those stories, but first, Nelson Peltz sells out of Disney, and McDonald's corporate is firing back at complaints about high prices.
1:06.7	Large fries.
1:07.7	I don't know if it's large fries, big mac fries in it.
	...

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