Uber CEO, Lazard CEO, & ‘Versant’ 5/7/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 7 May 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

The U.S. and China will meet in Switzerland this weekend to negotiate global tariffs. Lazard CEO Peter Orszag discusses the likely outcome of that meeting, including what’s at stake for the global and domestic economies. Plus, Uber CEO Dara Khosrowshahi discusses the company’s latest bookings results, including shifts in pricing for rides, the FTC’s lawsuit over Uber One, Uber’s expansion into Turkey, Uber’s lawsuit against Doordash, and consumer appetite for Uber Eats. Plus, India escalated tension with Pakistan, an appointment at the FDA has prompted a pharma stock drop, and Comcast’s cable spinoff has a name! Megan Cassella - 03:15 Dara Khosrowshahi - 16:45 Peter Orszag - 35:11 In this episode: Megan Cassella, @mmcassella Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:04.3	Hi, I'm CNBC producer Katie Kramer.
0:06.8	Today on Squawk Pod.
0:09.5	Delivery wars, heating up.
0:11.3	Uber's lawsuit against DoorDash, a lawsuit against Uber, an expansion into Turkey,
0:16.3	Dara Khashahi on the Uber rides and orders that just keep coming.
0:19.9	We don't see any consumer slowdown at this point.
0:23.6	We don't see consumers trading down to more affordable restaurants or pulling back from any of our services.
0:31.3	And the U.S. and China meet this weekend in Switzerland.
0:34.4	Lozard's CEO Peter Orszag says this is the beginning of a high-stakes road.
0:38.4	But we need to get to framework agreements with the most important trading partners in this 90-day window.
0:44.2	We're not going to get that with China.
0:46.7	Plus an escalation between India and Pakistan, a change of the FDA that's prompted a change in drug stocks and a name change right here at home.
0:55.4	We're conversant. Yes. Yeah. Very conversant. All of that today and much more. It's Wednesday,
1:02.1	May 7th, 2025. Squawk Pod begins right now. Stand Becky by in three, two, one. Cure, please.
1:11.1	Good morning, everybody.
1:12.6	Welcome to Squawk Box right here on CNBC.
1:15.1	We're live from the NASDAQ market site in Times Square.
1:17.9	I'm Becky Quick, along with Joe Kernan and Andrew Ross Sorkin.
1:21.2	China's central bank and financial regulators announcing sweeping measures to ease policy.
1:25.5	That includes cutting key interest rates to 10 basis points and reducing the amount of cash that banks must hold by its reserves by 50 basis points. Now, the central bank saying that the cutting of the reserve requirement ratio effectively injects an additional liquidity of about $138 billion into the market. It also announced some broad measures to try to support financing for key sectors.
1:47.2	That includes technology, real estate, lending for autos, and a couple of other items.
	...

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