United Airlines CEO; Tesla’s Profits; Investor Chamath Palihapitiya

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 23 July 2020

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Scott Kirby, United Airlines CEO, explains why despite safe and clean air circulation on planes, his industry won’t fully recover until a Covid-19 vaccine is widely available. Tech investor, co-owner of the NBA Golden State Warriors and Virgin Galactic Chairman Chamath Palihapitiya breaks down Tesla’s track for the S&P 500. Palihapitiya, a former Facebook insider, says big tech has “had a good run,” but a breakup is good for competition. Plus, a continuing SPAC education: Palihapitiya’s case for special-purpose acquisition companies after taking a few of his own to the public markets.

Transcript

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0:00.0	This is Squawk Pod. I'm C. M.C. producer Katie Kramer, today on our podcast.
0:07.0	Chamoth Polly Hopitilla, tech investor, former Facebook insider and Virgin Galactic Chairman on Tesla's Road to the S&P 500.
0:15.0	From day one you have had this massive tension between the Bulls and the Bears on this company.
0:20.0	And social media's rough road ahead.
0:22.0	We have five companies that are sucking up all the oxygen.
0:25.3	There is a huge incentive to legislate.
0:27.8	Plus, Chamoth continues yesterday's investment education
0:31.0	with another bull case for SPACs.
0:34.0	We need to level the playing field.
0:35.8	We need to allow companies more of them to go public faster.
0:38.7	We need to allow them to talk about what they're doing
0:41.4	in a way where there's actually more transparency not less.
0:44.8	That interview plus CEO of United Airlines Scott Kirby on his industries hoped for recovery.
0:50.3	Once we get past a vaccine and it's widely distributed, we'll quickly recover back towards 100%.
0:55.0	But our guess is that's going to be, we're going to plateau at about 50% before we get to a vaccine.
1:01.0	It's Thursday July 23rd, 2020, Squawk Pot begins right now.
1:05.0	Good morning.
1:07.0	Welcome back to Squawk Box right here on C.
1:09.0	I'm Andrew Raus-Sorkin, along with Joe Kernan and Melissa Lee again today.
1:13.4	Becky's off.
1:14.4	Today on the podcast, Chamoth Polyhapetia.
1:18.9	He's chairman of Virgin Galactic, the Space Tourism Company.
	...

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