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Squawk Pod

Weekend at Elon’s: The Twitter Takeover 10/31/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2543 Ratings

🗓️ 31 October 2022

⏱️ 36 minutes

🧾️ Download transcript

Summary

The Elon Musk chapter at Twitter begins with a busy weekend of tweets, trolls, conspiracy theories and tentative changes to “blue-check” verified users’ experience. Walter Isaacson, with a Musk biography in the works, observed events first-hand and shares the tale of the weekend. So much for a spooky October for the markets; the Dow is on pace to have the best month since the 1970s disco era. And, workers at one of the world’s busiest iPhone factories fled the Foxconn facility over fears of a Covid lockdown. Former SEC Chair Jay Clayton describes the interconnected relationship the complicated U.S. supply chain retains with China. Plus, Happy Halloween! In this episode: Walter Isaacson, @WalterIsaacson Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0

Bring in show music please.

0:03.0

Hi, I'm C. NBC producer Katie Kramer today on Squackpot.

0:08.0

A busy weekend for Elon Musk as the Twitter takeover takes shape.

0:13.4

Maybe we should just ban Twitter, not ban individuals,

0:16.8

but let's just ban Twitter.

0:18.8

The tweets, the trolls, the conspiracy theories,

0:21.1

Walter Isakson on all of that, and the new possible future

0:24.3

for Twitter's Blue Check users.

0:26.3

Once you get to user verification and a large amount of the users are paying some subscription fee.

0:34.2

You have fewer trolls, obviously much fewer bots,

0:38.1

and you also have content flow that's a little bit more civil and reliable.

0:46.0

A major Lincoln Apples supply chain vowing better working conditions in China after videos emerge of employees allegedly fleeing.

0:53.2

Former SEC Chair Jay Clayton on the possible domino effect.

0:57.0

Clearly our relationship with China has an effect on the economy more broadly and other drivers

1:02.2

of inflation.

1:03.0

And the Dow Jones industrial average on pace for the best month in

1:08.0

46 years.

1:11.0

1976. 1976.

1:13.0

1976.

1:15.0

1976.

1:16.0

Since 1976. Since 1976.

1:18.0

76.

...

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