Wall Street Dramas: JetBlue’s Hostile Bid, Elon Musk’s Twitter Plan, Jeff Bezos’s Pointed Tweets 5/17/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 17 May 2022

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

A new SEC filing reveals Elon Musk’s original plan to join Twitter’s board, and to later abandon that plan in favor of a takeover. Transportation Sec. Pete Buttigieg reacts to JetBlue’s hostile takeover bid for Spirit Airlines and Jeff Bezos’s pointed tweets at President Biden’s economic agenda. Plus, Intel shareholders voted against the company’s compensation for its top executives, sending a signal that some Intel investors are closely watching the performance of CEO Pat Gelsinger and the progress of his turnaround plan for the chip giant. In this episode: Pete Buttigieg, @SecretaryPete Brian Sullivan, @SullyCNBC Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi there, I'm C.N.C. producer Cameron Costa.
0:07.0	Today on Squack-Pod, Transportation Secretary Pete Buda Judge,
0:12.0	we're talking JetBlue's hostile bid for Spirit Airlines
0:15.0	and Jeff Bezos's pointed tweets at Biden.
0:19.0	The President's theory of the case
0:21.0	when it comes to economics is probably never going to be wildly
0:24.5	popular with billionaires for the simple reason that he is calling on them to pay
0:28.8	their fair share. Intel's shareholders are speaking up about salaries in the C-suite and appetite for air travel is back on the rise.
0:38.0	We were, I was moaning and groaning yesterday, Andrew, you guys, the commercial breaks about airfares.
0:42.0	Yep. But people are paying them.
0:44.4	Those stories plus the other corporate drama this week and most weeks,
0:48.8	Elon Musk's bid for Twitter making news again.
0:52.0	It's like a drama. It's like a drama.
0:54.2	It's like a great book.
0:55.8	It's Tuesday, May 17, 2022,
0:58.8	and Squackpot begins right now.
1:01.2	Stand Becky by in three, two, one, fuel.
1:05.0	Good morning everybody.
1:07.0	Welcome to Squawk Box here on C NBC.
1:09.0	We are live from the NASDAQ market site in Times Square.
1:12.0	I'm Becky Quick Quick along with Andrew Ross
	...

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