Warby Parker’s CEOs, Roaring Kitty’s Return, & Seinfeld at Duke 5/13/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 13 May 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Biden administration is planning to quadruple tariffs on Chinese electric vehicles. Investment banker and former Treasury official Roger Altman discusses fiscal policy’s impact on inflation and the road ahead for the American economy. Warby Parker co-CEOs Neil Blumenthal and David Gilboa are doubling down on their brick and mortar strategy, despite starting as an e-commerce brand. The two discuss their company’s journey since IPO, their history of monetization, and their omnichannel approach to driving revenue. Plus, OpenAI is launching a new product, Apple workers at a store in New Jersey have voted against unionization, GameStop is on the rise again, and some Duke students walked out of Jerry Seinfeld’s commencement speech in protest. Roger Altman - 12:47 Neil Blumenthal & David Gilboa - 24:02 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer.
0:07.0	Today, on Squawk Pod.
0:09.0	The White House about to slap tariffs on Chinese electric vehicles, but is it too much too late?
0:15.5	Investment banker and one-time Treasury official, Evercours Roger Altman.
0:19.8	How helpful are tariffs really because at the margin they're inflationary.
0:24.8	And Warby Parker's co-ceeos on the hip glasses brand still being all about the brick and
0:30.2	mortar.
0:31.2	Dave Gilboa. We are seeing the majority of our growth coming from stores. And Neil Blue. brick and
0:34.0	Dave Gilboa. We are seeing the majority of our growth coming from stores. And Neil Blumenthal.
0:36.0	The vast majority of folks in America
0:38.0	want to go into a store, want to try on glasses,
0:41.0	and buy them in person.
0:43.0	Plus, what is the deal with graduation protests?
0:47.0	Game stops roaring Kitty breaks his silence,
0:50.0	and Open AI's big day and Possible Big Deal with Apple.
0:55.0	How does Microsoft feel about all of this?
0:57.0	For years all they wanted was for Bing or anybody to use their services.
1:01.0	It's Monday, May 13, 2024.
1:05.0	Quote, feels like magic to me.
1:08.0	Squawk Pod begins right now.
1:10.0	Stand Becky by in three, two, two one queue please.
	...

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