Virtual DNC, New COVID Saliva Test & Big Box’s Big Quarter

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 18 August 2020

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Sen. Bernie Sanders (I-VT) and former first lady Michelle Obama headlined the first night of the 2020 all-virtual Democratic National Convention. James Pethokoukis, Economic Policy Analyst and CNBC Contributor, and Julie Margetta Morgan, Vice President of Research at the Roosevelt Institute, discuss the big takeaways from the first night and look ahead to what voters and viewers can expect in this unprecedented political season. The FDA approved a new saliva test for COVID, developed by the Yale School of Public Health. Researcher Anne Wyllie says scientists hope to get results to patients the same day or within 24 hours. Big box chains like Walmart and Home Depot make huge gains as consumer spending shifts during the pandemic. Plus, the University of North Carolina abandons in-person classes after a COVID-19 outbreak, and Oracle enters the race to buy TikTok’s U.S. operations.

Transcript

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0:00.0	This is Squawk Pod. I'm C. NBC producer Katie Kramer today on our podcast.
0:07.0	2020's virtual Democratic National Convention kicked off last night.
0:11.0	We'll talk Joe Biden's messaging.
0:13.4	It's not really hard to find policies that can unite across Bernie Sanders and Republicans
0:19.6	who aren't interested in voting for Donald Trump because we're all interested in policies that can get us out of the crisis that we're in right now.
0:26.0	And stimulus after crisis.
0:29.0	I do not think you're going to hear much about paying for anything.
0:32.0	We don't do that in Washington anymore. That's really old school thinking.
0:35.0	The FDA approves a new saliva test for COVID, developed by the Yale School of Public Health,
0:40.0	researcher Ann Wiley says it's simple, cheap, and available now.
0:44.0	We do hope that we can see maybe in some situations same day results, if not, what we're really striving
0:48.9	for us to get below that 24-hour time point.
0:51.9	And big box chains, Walmart, and Home Depot make big gains as consumer spending shifts
0:56.4	during the pandemic.
0:57.6	I want to be handy so badly because I think it makes you attractive or something and I'm not.
1:03.3	Those stories and more.
1:05.0	It's Tuesday, August 18th, 2020.
1:07.8	Happy birthday, Grandma.
1:08.9	Squack Pod begins right now.
1:11.8	Good morning everybody.
1:13.0	Welcome to Squawk Box here on C.
1:15.0	I'm Becky Quick along with Joe Curran and Andrew is out today.
	...

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