Warren Buffett’s $4 Billion Check; The “Second Wave”; Elon Musk’s (Very) Short Shorts

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 6 July 2020

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Warren Buffett has made Berkshire Hathaway’s first purchase since the pandemic began in a near $10 billion deal to buy Dominion Energy. Becky Quick, who broke the story, explains Buffett’s path to this purchase, and its implications for the future. Former FDA Commissioner Dr. Scott Gottlieb is calling the spikes in Covid-19 cases the “second wave” of the pandemic in the United States. Former Allergan CEO Brent Saunders discusses Regeneron’s phase 3 trials of antibody therapy and America’s path forward. He sees an opportunity to maintain both physical and economic health across the country. Plus, Tesla is now the world’s most valuable car company by market cap, and Elon Musk is mocking the stock’s short sellers with some shorts of his own.

Transcript

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0:00.0	This is Squawk Pod. I'm C. NBC producer Katie Kramer today on our podcast.
0:07.0	Wall Street hopes to build on momentum and move higher.
0:09.8	Remember when I said we need a reality check, either the stock market needs a reality check or the or the reporting needs a reality check
0:15.6	While shrugging off new coronavirus case numbers across the US
0:19.0	We'll get into those numbers with former FDA chief Dr Scott Gottley.
0:22.8	This still has a long way to go.
0:24.2	We are at, for all intents and purposes,
0:26.1	we are now in the second wave.
0:28.3	And Alergan's former CEO on walking the fine line
0:31.6	between risks of COVID spread and risks of a closed economy.
0:35.2	There's a saying, right? The presence of disease kills people, but the absence of livelihood
0:40.7	also kills people. Those stories plus Warren Buffett's new deal and
0:45.0	Kanye 2020.
0:47.0	It's Monday, July 6, 2020, Squawk Pot begins right now.
0:52.0	Good morning everybody.
0:54.0	Welcome to Squack here on C.
0:55.0	I'm Becky Quick along with Joe Kernan and Andrew Ross Sorkin.
0:58.0	And guys, the best I can figure out is futures are up, I don't know, because it's Monday.
1:02.0	Starting this Monday podcast. futures are up, I don't know, because it's Monday.
1:08.9	Starting this Monday podcast with the markets, after the three-day holiday weekend for the 4th of July, the U.S. stock markets are kicking things off with a bang and seem poised for a surge in the first week of
1:14.2	20th's third quarter. What was that last week? A four day week? I could make up a
1:21.3	bunch of reasons but because we're reopening
	...

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