29 min listen
Intel’s Chips in the Heartland, Nasdaq Woes, & What’s Next in the Peloton Cycle
FromSquawk Pod
ratings:
Length:
37 minutes
Released:
Jan 21, 2022
Format:
Podcast episode
Description
The Nasdaq is firmly in correction territory, with Peloton and Netflix leading the slide downhill. Veteran investor Jeremy Grantham says there’s more to come, predicting a multi-asset bubble burst, resulting in a 45% decline in stocks. After CNBC’s report that Peloton would halt production of its products and concerns about insider trades in the c-suite, Peloton’s been on a bumpy ride. Its stock price returning to earth from the stratosphere could make it a good target for M&A, maybe even Apple. Plus, Intel is pouring $20 billion on two new manufacturing plants outside of Columbus, Ohio. CEO Pat Gelsinger and CNBC’s Jon Fortt discuss the news, the state of American production, and staying competitive on the global stage. In this episode:Pat Gelsinger, @PGelsingerJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinJon Fortt, @jonforttKatie Kramer, @Kramer_Katie
Released:
Jan 21, 2022
Format:
Podcast episode
Titles in the series (100)
Life, Travel, & Security After a Pandemic: U.S. retail sales have plummeted as Americans cut back spending on non-essential items. Chinese businesses are largely up and running again, although CNBC Beijing Bureau Chief Eunice Yoon says life in the aftermath of the coronavirus looks very different from life before it. Mobile phones generate unique barcodes of health and travel data, and hazmat suits and temperature checkpoints are part of the country’s new normal. CEO of touchless airport security company CLEAR explains handsfree travel technology and health data collection in a post-Covid world. Boeing CEO Dave Calhoun is facing some backlash after he said that a major airline carrier may not survive the Covid crisis. CNBC’s Phil Lebeau discusses airline leadership and how lawmakers are now getting involved in the effort to socially distance plane passengers. Pilot Dennis Tajer, spokesman for the Allied Pilots Association, is calling for concrete guidance from the FAA and the Departmen by Squawk Pod