Trust in Zuck, Travel Havoc for the Holiday, & EV Leader Evolution 7/5/22

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 5 July 2022

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Meta is down 52% in 2022, and Mark Zuckerberg is bracing his shareholders for more tougher times ahead. He’s shuttering the company’s digital wallet project and announced a slash to engineer hiring; Cleo Capital’s Sarah Kunst says Zuckerberg’s revamped approach to employees could be what investors need. Plus, President Biden might be rolling back Trump-era China tariffs, Germany’s economic data has global investors on edge, July Fourth travelers had little to celebrate at airports this weekend, and Tesla’s EV competition could be catching up to Elon. In this episode: Sarah Kunst, @sarahkunst Joe Kernen, @JoeSquawk Melissa Lee @MelissaLeeCNBC Phil LeBeau, @Lebeaucarnews Eunice Yoon, @onlyyoontv Katie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Bring in show music, please.
0:03.0	Hi, I'm CNBC producer Katie Kramer.
0:06.0	Today on Squawk Pod, all the headlines that got us squawking after the long weekend.
0:14.0	Mark Zuckerberg may be too honest about who should work at meta tech investor Sarah Kuntz.
0:20.0	He's looking to trim the fat.
0:21.6	He's looking to cut costs.
0:23.6	And that could work really, really, really well for the stock price.
0:27.6	Trump-era China tariffs could be rolled back.
0:30.6	CNBC's Eunice Yunn.
0:31.6	This would be a very difficult choice for President Biden.
0:35.6	This potentially might not have as big of an impact as one might think.
0:41.2	A data surprise from Germany has global investors on edge.
0:45.3	It's like one of my whirdle streaks.
0:46.7	When my whirl streak breaks, it ruins my day.
0:50.4	Joe Kernan and Melissa Lee in studio.
0:52.9	We've got a weekend almost from hell at the airports.
0:55.7	Bezos butts heads with Biden.
0:57.8	And Tesla, oh, it's got competition.
0:59.8	Have you seen a lucid?
1:01.1	Someone parked at a pretty swanky country club.
1:03.9	I wonder if it was placed there as advertising.
1:07.7	It's Tuesday.
	...

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