Walmart CEO & Business Roundtable Chairman Doug McMillon: Keeping the Spotlight on Racial Justice

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 15 October 2020

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Four months after the 200 American CEOs in the Business Roundtable committed to combating racial injustice in this country, the group has released a set of policy recommendations to hold themselves accountable to their goals, and to encourage other business leaders to do the same. Walmart CEO and BRT Chairman Doug McMillon discusses strategies for keeping the spotlight on racial inequality amid the current news cycle. McMillon underscores the real economy’s need for stimulus, his expectations for Black Friday and Cyber Monday amid the pandemic, and his hopes for a deal with TikTok’s parent company ByteDance. Plus, Covid cases are rising in Europe, and Wells Fargo has had another bout of internal fraud--and subsequent firing.

Transcript

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0:00.0	This is Guacapod. I'm the NBC producer Katie Kramer. Today on our podcast
0:06.0	Walmart CEO Doug McMillan, his work as chair of the Business Roundtable
0:10.7	leading America's CEOs on the fight for equity.
0:14.0	There's obviously a lot more work to do with everything that's going on from the
0:18.0	pandemic to all of us trying to make sure the economy gets to where it needs to get to the election. We want to keep
0:24.6	a spotlight on racial equity and keep the work moving forward.
0:28.4	And McMillan's message to Capitol Hill amid the stimulus stalemate.
0:32.2	For both sides, I think what they need to keep in mind is that they're Americans that need them.
0:36.0	They don't really care about what's happening in politics aren't completely tied up in this election,
0:41.0	and they just need some help.
0:42.0	That interview plus
0:44.0	coronavirus is rising in Europe. Cloud companies are rising in value and
0:48.3	number and Wells Fargo has had another fraud and firing scare.
0:52.8	Who was doing the hiring at Wells Fargo for a number of years?
0:56.2	I really did.
0:57.2	I was like, oh my God.
0:58.2	It's Thursday, October 15th.
1:00.2	It's also the odds of October and it's also 2020 still fortunately.
1:05.0	Squawk Pod begins right now.
1:07.0	First up today on the pod, the fears of a COVID second wave.
1:14.0	European countries are trying to head that off by reinstituting tougher restrictions.
1:18.8	In the UK, Londoners are being told they will not be allowed to mix with other households indoors and public
	...

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