Warren Buffett on Banks, Boards, & Scandal; Coronavirus Fears Hit Wall Street

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 27 February 2020

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Oracle of Omaha Warren Buffett discusses corporate leadership and the Wells Fargo scandal with Becky Quick. The world’s most famous investor explains his choice to pass on investing in California’s utility, PG&E. Don’t miss Buffett’s thoughts on Boeing, banks, interest rates, and the markets’ Cinderella stories. Plus, COVID-19 has spread to at least 47 countries; former FDA Commissioner Dr. Scott Gottlieb explains what’s coming for the United States and what small changes we can make to protect our health. As Wall Street reacts to fears of a global pandemic, C-suites at Microsoft, HP, Airbnb, and elsewhere are making decisions to mitigate risk.

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod, the Daily Podcast brought to you by the team behind Squawk Box.
0:08.0	NYC, this is C. NBC's Essential Morning Show.
0:12.0	Every day get the best stories, debate, and analysis. See, The US has reported its first COVID-19 case of unknown origin.
0:24.0	Dr Scott Gottlieb, who used to run the FDA, explains what's next for the United States.
0:29.0	An epidemic isn't inevitable, but we need to start taking concerted actions right now.
0:34.0	And more from the Oracle of Omaha, Warren Buffett's insight on boards, banks, and avoiding corporate
0:39.2	disaster.
0:40.2	And also prevention is worth a ton of cure.
0:42.2	Plus how the world's most famous investor finds those Cinderella stories.
0:46.4	It can take a lot longer than you think,
0:48.4	but eventually you get to midnight and everything turns to pumpkins and mice.
0:52.0	All that and a few small changes that could make a big difference in your health.
0:56.4	Shaking hands is a barbaric thing to do.
0:59.1	Barbaric?
1:00.1	I'm CIMC producer Katie Kramer.
1:01.7	It's Thursday, February 27, 2020.
1:04.4	Squack Pod begins right now.
1:06.2	Stand back you by in three, two, one, fuel brief.
1:10.6	Good morning everyone. Welcome to Squawk Box here on
1:13.0	cn't B. We're live from the NASDAQ market site in Times Square. I'm
1:16.7	Becky Quick along with Joe Kernan and Andrew Ross Sorkin.
	...

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