Trust, Transparency, & Vaccines; Tax Plan Tacks; Fintech Leveling Finance

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 25 March 2021

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Big banks are appeasing their overworked junior staff with perks, from Zoom-free Fridays to $20,000 bonuses. CNBC.com’s Hugh Son discusses the domino effect the “Goldman Sachs 13” have had, up and down Wall Street. AstraZeneca is struggling to maintain public trust after a series of transparency and communication missteps surrounding its otherwise effective Covid-19 vaccine. President Biden’s tax plan continues to fuel debate across the political aisle; President Trump’s former Chief of Staff Mick Mulvaney and Rep. Tom Suozzi (D-NY) consider whether political ties and promises will win over dollars and cents. Plus, fintech startup Greenwood is getting buy-in from major banks to close the racial wealth gap. CEO Ryan Glover shares his company’s newest funding raise and his plans for a more equitable financial system.

Transcript

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0:00.0	This is Squawk Pod. I'm C. Mee producer Cameron Costa. Today on our
0:06.6	podcast, the markets may be on the mend from pandemic lows, but many Americans
0:11.9	are being left behind.
0:13.5	Ryan Glover, founder of FinTech Greenwood,
0:16.3	is working to eliminate the racial economic inequity in the U.S.
0:20.1	And he's getting major banks to buy in.
0:22.3	This multi-generational wealth gap problem
0:25.9	will take an all hands-on-deck solution.
0:28.7	Politico's debate the Biden tax plan,
0:31.2	but it could be more about red and blue than dollars and cents.
0:35.9	Former White House Chief of Staff McMovaney.
0:38.4	Washington doesn't pay for stuff anymore.
0:40.2	Taxes are about politics now.
0:42.2	They're about following through on promises made and
0:44.8	New York Congressman Tom Swazi.
0:47.6	The rest of states like mine can't afford to lose the high income, the moderate income people that are leaving
0:54.8	our state, leaving lower income and moderate income people behind to hold the back.
0:58.6	Plus it's a hard knock life for a junior banker, so they say,
1:04.2	100-hour work weeks in pursuit of a $10 million per annum
1:08.6	payout later in life could be worse.
1:11.3	You know, I used to walk to school 20 miles uphill both ways.
1:15.0	Those stories, but first the IPO market is on fire in a good way, mostly,
	...

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