Warby Parker’s Debut, the Latino GDP, & a “Dangerous Man”

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 29 September 2021

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Eyewear start-up Warby Parker (WRBY) begins trading today via a direct listing, testing investors’ appetite for a household direct-to-consumer retail name. Warby Parker co-founders and co-CEOs Neil Blumenthal and Dave Gilboa discuss the company’s outlook and a tech driven future. The Latino Donor Collaborative has released its 2021 U.S. Latino GDP report, revealing that growth has averaged 5.6% over the last two years, double the rate of the U.S. economy. Sol Trujillo, co-founder of the Latino Donor Collaborative and of L’Attitude, discusses the findings from the report from the L’Attitude Conference in San Diego. Federal Reserve Chair Jay Powell addressed inflation, the Fed’s stock trading ethics on Capitol Hill, and Senator Elizabeth Warren (D-MA) delivered impassioned remarks on the “danger” of Powell’s renomination. Plus, it’s National Coffee Day! In this episode: Neil Blumenthal, @NeilBlumenthal Dave Gilboa, @WarbyParker Sol Trujillo, @LATTITUDEevent, @LDCLatino Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod. I'm CNVC producer Cameron Costa.
0:08.0	Today on our podcast, Warby Parker in focus, literally.
0:13.0	The eyglass company hit the public markets today,
0:15.7	and we've got the history and the strategy
0:18.2	from co-founders and co-ceeos, Neil Blumenthal,
0:21.5	and Dave Galboa. We're just excited for a bigger stage here
0:25.0	to amplify the brand and our impact.
0:27.0	What we're most excited about is that the business continues
0:30.0	to grow at north 30% year over year
0:32.0	while increasing profitability incrementally each year.
0:36.4	And some specific important GDP data is out, co-founder of Latitude and the Latino
0:42.2	donor collaborative
0:43.4	Sal Trujillo.
0:44.5	The U.S. Latino cohort has been growing.
0:46.9	2.7 trillion dollars.
0:48.6	Just in the last decade, it's grown from essentially 1.7 trillion to 2.7 trillion.
0:55.0	And United Airlines employees have hit the deadline to get vaccinated.
0:59.0	Plus drama in DC, when isn't there?
1:02.0	I pretend I was dangerous at bars and I was the least
1:05.1	dangerous person in that bar. Didn't you always want to be kind of dangerous?
1:09.8	Well yeah you wanted to be double-o-7. Just another Wednesday.
	...

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