You Want a Piece of Me? The NFT Trend; The Chip Shortage; Inflation Kryptonite

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 5 March 2021

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Fed Chair Jay Powell spooks the markets talking about inflation and the Senate is hiding a tax on executive compensation in the 600+ page stimulus bill. The semiconductor supply chain took a hit early in the Covid pandemic since much of the world’s chips are manufactured in places like China and Taiwan. Now the shortage is impacting several companies including Ford and GM. Mark Fields, former Ford president and CEO, discusses the auto industry’s electric future and the headwinds it may face due to the global chip shortage. The newest alternative investment getting attention are NFTs (non-fungible tokens) offering blockchain ownership over digital assets. Gary Vaynerchuk, CEO of VaynerMedia, and CNBC’s Robert Frank offer takes on this brave new world of who owns what. Plus, Suit Supply has an (interesting) ad campaign for a post-vaccine world.

Transcript

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0:00.0	This is Squawk Pod. I'm C. NBC producer Katie Kramer. Today on our
0:06.6	podcast. Inflation kryptonite Fed Chair Powell spooks the markets with
0:11.1	some comments on price pressures.
0:13.0	What? What? And then I read it and I'm like, what?
0:17.0	I mean...
0:18.0	Every device powering our lives relies on computer chips.
0:22.0	Former Ford CEO Mark Fields on the crisis of a semiconductor chip shortage.
0:27.0	It's a big deal.
0:28.0	The bottom line is the capacity in the industry has been strained and it's been exacerbated.
0:34.0	And you've been hearing about them a hot new investment with a weird name,
0:38.0	digging into non-fungible tokens with entrepreneur Gary Vainercheck.
0:42.0	It's about ownership of digital assets, right?
0:44.8	And so it's a ledger, it's an infrastructure
0:48.2	that is going to go way beyond art and collectibles.
0:51.2	Those stories, plus the Senate on stimulus and suit supply, grosses us out.
0:55.4	When were those photos taken and how did the models, were they all cool with this?
1:00.8	I don't know, just like it, Well, she looks like she just missed.
1:04.0	It's Friday, March 5th, 2021.
1:07.0	Squawk Pot begins right now.
1:09.0	Good morning everybody.
1:11.0	Welcome to Squack Box here on
1:12.6	CMBC. I'm Becky Quick along with Joe
	...

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