Warren Buffett’s Big Buyback; Back to School Season; President Trump’s Executive Orders, Explained

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 10 August 2020

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Trump took unorthodox action over the weekend in an attempt to fast track pandemic relief for Americans. CNBC’s Eamon Javers breaks down each of the four orders, from delayed payroll taxes to unemployment aid. The newly reinvented Kodak is facing SEC investigations into the company’s disclosure of its deal with the US government. Summer is drawing to a close, and Johns Hopkins School of Education’s Annette Anderson highlights what’s needed to prepare students and families for the new school year--whether it be remote or in person. Plus, Warren Buffett’s Berkshire Hathaway announced that it repurchased $5.1B worth of stock in May and June, the company’s largest buyback in a single period.

Transcript

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0:00.0	This is relief, see NBC's aim in Javers. The potential for this to backfire is if you promise $400 a week in additional
0:17.0	unemployment and you can't deliver it, then people say, hey wait a second,
0:20.0	the president's leaving us in the lurch here.
0:22.0	School districts debate safe reopening the 2020 academic year may be the start of a new American
0:27.3	education.
0:28.3	Johns Hopkins Annette Anderson.
0:30.2	We are starting to see what Ed Reformers have long called for, change, change in education,
0:34.8	and change in how our students are going to be educated for a 21st century economy.
0:39.5	Those stories plus TikTok's lawsuit against the Trump administration the new new Kodak and Warren
0:44.7	Buffett's biggest Berkshire buyback ever.
0:48.3	It's Monday August 10th 2020 Squackpot begins right now.
0:53.0	Good morning everybody.
0:55.0	Welcome to Squawk Box here on C.
0:57.0	I'm Becky Quick along with Melissa Lee and Wilford Frost.
1:00.0	Joe and Andrew are both out today, but Melissa and Wealth, thank you guys for coming in. and
1:03.0	well well thank you guys for coming in early on a Monday morning
1:06.0	I know you guys are afternoon
1:08.0	slash evening type people but I'm really glad to have you here
1:11.0	thank you guys
1:12.0	our pleasure nothing like yanking you out of the weekend early I'm really glad to have you here. Thank you guys. Our pleasure.
1:13.0	Nothing like yanking you out of the weekend early, right?
1:16.7	For this, it's always worth it.
	...

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