Zero-Covid’s Tipping Point: Unrest Across China 11/28/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 28 November 2022

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Protesters across China are risking their own safety and freedom to push back against President Xi Jinping and his ‘zero-covid’ policy. CNBC’s Beijing Bureau Chief Eunice Yoon reports from Beijing, one of the country’s many locations of unrest, on the activist risks, the student-strong upheaval, and how watching the World Cup pushed many Chinese citizens to speak out. Global event-driven investor Kyle Bass, CIO of Hayman Capital Management, discusses the unrest and its impact on companies caught in the thick of it–like Apple. Plus, in the wake of Thanksgiving, airlines suffered some turbulence, and Disney saw mixed results at the box office. Get out your popcorn; the House of Mouse is bracing for Bob (the first) Iger, back in the CEO saddle. In this episode: Kyle Bass, @Jkylebass Eunice Yoon @onlyyoontv Joe Kernen, @JoeSquawk Becky Quick @BeckyQuick Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hey there, I'm C.N.C. producer Cameron Costa.
0:07.0	Today on Squack-Pod...
0:09.0	Unrest across China.
0:14.0	CNUS Eun is on the ground in Beijing.
0:17.0	Arguably the biggest show of resistance
0:20.0	to the Chinese Communist Party since the 1989 crackdown on Tiananmen Square.
0:25.0	Zero tolerance for zero COVID.
0:28.0	How endless lockdowns have pushed citizens over the edge.
0:32.0	Strict lockdown for since August.
0:35.0	Some of the protesters are even saying things like I want to play video games.
0:38.0	Calls for President she to step down the high stakes of activism and one investor's perspective, an asset manager
0:46.5	who invests in global event-driven opportunities, Kyle Bass.
0:51.1	The sensors in China have been working overtime trying to quell the
0:57.4	mobilization of the people. That huge story today plus the others that got us talking air travel traffic and
1:04.8	tweets and Disney's bumpy couple of weeks to Bob's and a holiday movie bust. We're going to have to see whether,
1:14.0	is Eiger the right guy?
1:15.0	Is he still the right guy?
1:17.0	It's Monday, November 28, 2022.
1:20.0	Welcome back.
1:21.0	Squack-P Pod begins right now.
1:23.7	Stand Becky by in three, two, one, queue please.
	...

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