Warren’s War on Wealth: Leon Cooperman Responds; Twitter & Amazon Earnings

Squawk Pod

CNBC

News, Investing, Business, Business News

4 • 494 Ratings

🗓️ 30 April 2021

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Twitter CFO Ned Segal discusses Twitter’s growth strategy in a post-pandemic age of social media. Senator Elizabeth Warren’s (D-MA) efforts to get America’s wealthy to “pay their fair share” have consistently centered billionaire investor Leon Cooperman, a vocal critic of her proposed “wealth tax.” In an extended interview, Cooperman, Omega Family Office Chairman & CEO, defends his position on taxes, philanthropy, and Senator Warren herself. Insider, Inc. CEO Henry Blodget unpacks Amazon’s blowout financial performance in the first quarter of 2021, and speculates on what’s next for the behemoth of Bezos. Plus, Apple is under scrutiny in the EU, and the Squawk Box anchors are taking their vitamins.

Transcript

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0:00.0	This is Squawk Pod. I'm C. NBC producer Katie Kramer. Today on our
0:05.5	podcast, The Wealth Tax Debate heard round the Twitter. Senator Elizabeth
0:10.9	Warren has been calling for billionaires,
0:12.9	like investor Leon Cooperman,
0:14.5	to pay their fair share.
0:16.1	All we're saying is that when you make it big,
0:18.9	and I mean really big, I mean the top one-tenth of one percent pitch in a little more.
0:26.0	And today Leon Cooperman is telling his side of the tax story.
0:30.0	I do believe in the progressive income tax structure. I do believe rich people should pay more.
0:35.0	Okay, the wealth tax makes no sense to me for lots of reasons.
0:40.0	Twitter earnings beat expectations but missed on user growth.
0:44.1	CFO Ned Seagull on getting people to tweet.
0:47.0	As economies open all around the world,
0:49.7	our product improvements are designed to help people continue to find what they're looking for.
0:53.6	Those stories plus Amazon, the EU investigating Apple and a vitamin deal that brings people together.
1:00.8	I'm happy that we share a lot of things, Joe. We do. It's Friday, April 30th,
1:05.7	2021, Squawk Pot begins right now. Good morning, everybody. Welcome to Squawk Box here on
1:11.8	C. M. More importantly, welcome to
1:13.7	to Friday I'm Becky quick along with Joe Kernan and Andrew Ross
1:16.8	Sorck and Andrew.
1:17.8	Andrew thanks Becky appreciate it does very good to see everybody let's talk about
1:21.2	these record Amazon results because they were blowout numbers
	...

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