Twitter’s ‘Mistakes,’ Tesla’s Slide, & Delta’s CEO Ed Bastian 12/14/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 14 December 2022

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Since Elon Musk took over Twitter, Tesla’s stock has suffered a slide. Former Twitter CEO Jack Dorsey is speaking out about his own experience leading the social media company; Joe Kernen, Becky Quick, and Andrew Ross Sorkin consider the tricky cocktail of leadership, moderation, and innovation that Twitter demands from its executives, and whether the strain on Tesla is fleeting. FTX founder Sam Bankman-Fried is in custody in the Bahamas, and CNBC’s Kate Rooney reports on what’s next for the bankrupt exchange and its former CEO. Rival crypto exchange Binance is under scrutiny as Wall Street and regulators await the next crypto domino to fall in the FTX fallout. Plus, after a difficult two years, airlines are profitable and surging. Delta CEO Ed Bastian discusses raising Delta’s financial guidance for the years and quarters ahead, as well as the long-awaited contract deal with Delta pilots. In this episode: Ed Bastian, @Delta Kate Rooney, @Kr00ney Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pot.
0:08.0	Dramatic fallout from the FTX fiasco.
0:12.0	What's the next crypto domino to fall and what'll happen to Sam Bankment Freed?
0:16.5	The wheels of justice turned very slowly.
0:19.8	It was not a nice looking prison or jail in Bahamas. And airlines are a long way
0:26.9	from 2020 Delta CEO Ed Bastion. We've just been through our recession. The
0:31.2	deepest recession in this industry's
0:33.0	hundred year history. How far they've come and what's still ahead. We will be
0:36.9	the most profitable airline in the industry. 2.6 billion dollars of profit this
0:40.8	year. Those stories, plus Twitter's former CEO is speaking
0:44.8	out and its current CEO has a lot on his plate. How Elon Musk is juggling
0:49.6	Twitter Tesla and all of his stakeholders. For years you would never buy a Tesla, remember?
0:54.0	Yeah.
0:55.0	It's Wednesday, December 14, 2022.
0:58.0	Squackpot begins right now.
1:00.0	Stand Becky by in three three two one cue please
1:04.3	Good morning everybody welcome to squawkbox here on see NBC. We're live from the
1:08.2	NASDAQ market site in time square. I'm Becky Quick along with Joe
1:11.3	Kernan and Andrew Ross Sorkin.
1:13.0	SBF, we got to start calling him Samuel Bankman Freed.
1:16.4	I think did you see that not freed?
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.