Veterans Day with General David Petraeus; Lyft President John Zimmer

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 12 November 2020

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In a rare interview, Lyft co-founder and President John Zimmer discusses the ridesharing app’s path to profitability, plans for food delivery (or not), and a post-pandemic boost to business. Plus, the U.S. is celebrating and remembering veterans today; former CIA Director and retired U.S. Army general David Petraeus explains why it’s a good day to thank our servicemen and servicewomen, and an even better time to hire them. General Petraeus examines President-Elect Joe Biden’s campaign promise to “end never-ending wars,” and calls on history and geopolitical practice to imagine a world with less U.S. involvement in international conflict.

Transcript

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0:00.0	This is Squawk Pod. I'm C. NBC producer Katie Kramer. Today on our
0:06.0	podcast, it's Veterans Day and former CIA Director General
0:10.2	David Petraeus says it's a good day to give thanks and to hire our servicemen and women.
0:15.4	What our portfolio companies have learned is that hiring a veteran is not just the right thing to do.
0:20.6	It's really the smart thing to do from a business perspective and while
0:23.7	we're talking strategy the retired Army general says Joe Biden's
0:27.2	campaign promises may not live up to geopolitical practice what you can do then is
0:32.3	manage endless wars because ending endless wars is a great campaign
0:37.3	slogan but it doesn't always work out the way you intend it.
0:41.2	And Rhinesharing app Lift is hoping for a lift to its business post-pandemic, CEO John
0:46.6	Zimmer.
0:47.6	The company is a great recovery stock because it's tied to mobility and transportation and
0:52.3	economic activity.
0:54.0	It's Wednesday, November 11, 2020,
0:56.7	Squawk Pot begins right now.
1:00.0	Good morning everybody and welcome to Squawk Box on this Veterans Day, a day that we remember
1:04.4	veterans we've lost and thank those who have served us in the past and continue to serve us today.
1:08.9	I'm Becky Quick along with Joe Curnan and Andrew Ross Sorkin and our next guest knows firsthand the value of hiring a veteran.
1:15.3	Let's welcome David Petraeus, retired four-star Army General, he's former CIA Director and now
1:20.4	KKR's Global Institute director.
1:23.0	KKR's Vets at Work Program, by the way,
1:25.0	has hired nearly 90,000 veterans and their spouses
	...

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