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Squawk Pod

Variants and Vaccines; Twitter Takes Off; Olympics 2021

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2543 Ratings

🗓️ 23 July 2021

⏱️ 36 minutes

🧾️ Download transcript

Summary

Everybody’s online. Twitter’s second-quarter earnings came in stronger than analysts had anticipated as revenue grew 74% year over year in the quarter due to “a broad increase in advertiser demand.” Twitter’s Chief Financial Officer Ned Segal breaks down the earnings results, Bitcoin, and fighting misinformation on the platform. The Covid-19 Delta variant is highly-contagious. Former FDA Commissioner and Pfizer board member Dr. Scott Gottlieb says he expects businesses and organizations to take a more authoritative position on vaccination requirements once full regulatory approval is given. He also weighs in on the virus, variants and vaccines at the Tokyo Olympics. NBC’s Stephanie Gosk checks in from the much-delayed start of the 2020 Games.. Plus, China is stepping up restrictions on the private education industry, which is hitting some U.S. companies and the hard seltzer market may be oversaturated. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

Bring in show music please.

0:03.0

This is Squawk Pod.

0:05.0

I'm the NBC producer Katie Kramer.

0:08.0

Today on our podcast.

0:09.0

New warnings about virus variants.

0:12.0

It kind of snuck up pretty quickly on us.

0:13.8

And you're starting to hear more and more cases

0:16.0

where vaccinated people have tested positive.

0:18.5

From the Olympics to the NFL to your office,

0:21.0

Dr Scott Gottlieb, former FDA chief. I think we're vastly

0:24.2

under measuring how much infection is already underway in the US and where we are

0:28.5

in this epidemic wave. Twitter's business bounces back in 2021 and tries to meet the moment, CFO Ned Siegel.

0:36.0

We work so hard to make sure that Twitter can be a trusted source of information around COVID.

0:41.0

Those stories plus China education stocks taking a hit.

0:45.0

You're really seeing the Chinese government

0:46.8

crack down on so many components

0:49.7

of the technology industry in China.

0:52.0

And Seltzer may be oversaturated.

0:54.4

What was the white thing?

0:55.7

White cloth.

0:56.2

That was the one Joe was obsessed with.

0:58.4

It's Friday, July 23rd, 2021.

...

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