Uber’s Path to Profits with Dara Khosrowshahi; Martha Stewart’s Expansion; Evergrande’s Debt Dilemma

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 21 September 2021

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Uber may be bumping up its timeline for profitability. After years of losses and struggles with surge pricing and labor shortages throughout the pandemic, CEO Dara Khosrowshahi says the company is ready to turn its first adjusted profit sooner than expected. Martha Stewart shares her plans to expand Martha.com’s shopping and learning experiences for consumers. A real estate company’s debt crisis in China is rippling through markets around the world; CNBC’s Eunice Yoon reports on Evergrande’s path forward and the role the Chinese Communist Party plays in the global economy. Plus, U.S. Democratic congressional leaders are attempting to prevent a government shutdown and suspend the U.S. debt limit through the end of 2022. In this episode: Dara Khosrowshahi, @dkhos Martha Stewart, @MarthaStewart Eunice Yoon, @onlyyoontv Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod.
0:06.0	I'm C. N.C. producer Katie Kramer.
0:08.0	Today on our podcast, Uber, ready to turn its first profit, almost, CEO Dara Kaspershahi.
0:15.0	We were running ahead of our path to profitability.
0:18.0	We have a really strong balance sheet and we have plenty of other investments as well.
0:22.0	So we have time to be patient here.
0:23.3	Martha Stewart's new online marketplace all the good things in one place to shop.
0:29.0	You will not only be able to buy but you'll be able to learn. We have wonderful
0:33.3	wonderful ideas for the homemaker, the gardener, the entertainer.
0:37.5	Those stories and a September swoon for the markets trying to contain worry
0:42.3	that a debt-ridden Chinese real estate
0:44.3	developer is too big to fail for the world and for China's role in it.
0:48.4	In the earlier days a lot of people thought that presidency could potentially be a reformer.
0:53.8	But then very quickly, over the years,
0:56.5	it became more and more evidence that he wanted
0:58.4	to have more state intervention.
1:01.0	It's Tuesday, 921. 21.
1:04.0	Squack Pod begins right now.
1:06.0	Stand Becky by in three, two, one, fuel, great.
1:10.0	Good morning.
1:12.0	Welcome to Squackbox here on
	...

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