Uber CEO & a Self-Driving Deal; Shopify President & the 2021 Consumer; The UK & its V-Day

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 8 December 2020

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The United Kingdom has administered the coronavirus vaccine to its first recipient just 10 months after Covid-19 took hold around the globe. Shopify is making projections for the 2021 shopping season, and President Harley Finkelstein says retail’s future is in the hands of the youngest consumers, entrepreneurs, and social media platforms. Uber sold its self-driving unit to $10B startup Aurora; Uber CEO Dara Khosrowshahi and Aurora CEO Chris Urmson discuss the deal and the road ahead for self-driving. Plus, Tesla has unveiled a second capital raise, this time aimed at $5B.

Transcript

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0:00.0	This is Squawk Pod. I'm the NBC producer Katie Kramer today on our podcast.
0:07.0	It's V-Day in the United Kingdom at least vaccines are finally being administered after what feels like a very long road.
0:14.8	20 million will be ready for December and I said, wait a minute, it is December.
0:19.1	I just once again thought, wow, that's, that is pretty fast. And Tik-ic-talk not just for dancing young people are
0:25.5	buying selling and browsing on social media shop of eyes president says these
0:29.4	habits could change retail for good these younger people are starting businesses at a much higher rate.
0:35.0	Most of them are doing it on Shopify, which is why you saw more sign-ups in Q3 than ever before.
0:40.0	But the way they're doing it is totally different.
0:43.0	Plus Uber is veering off from its self-driving unit, sort of, CEO Derek Kausreshahi is excited about the new deal with startup Aurora.
0:51.0	It achieves everything that we thought was crucial and it creates a leading pure play in space.
0:57.0	It's Tuesday, December 8th, 2020, Squack Pod begins right now.
1:03.0	Good morning everybody.
1:04.0	Welcome to Squack Box here on C.
1:06.0	I'm Becky Quick, along with Joe Kurnen and Andrew Ross Sorkin.
1:09.0	Big news, it's official.
1:10.0	Health authorities in the United Kingdom have now begun vaccinating the public
1:13.9	there against COVID-19. The first shot came early this morning on what has been dubbed V-Day.
1:19.8	The recipient was Grandmother Margaret Keenan, who turns 91 years old next week.
1:24.4	The first 800,000 doses will go to people over 80 years of age who are either hospitalized
1:30.0	or have outpatient appointments scheduled and to nursing home workers.
1:34.2	Meantime, back here at home, President Trump expected to sign an executive order today
1:38.6	prioritizing Americans for COVID vaccine distribution.
	...

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