35 min listen
Streaming’s Collapse; Crypto’s Decline & Vegan Jerky 5/12/22
FromSquawk Pod
ratings:
Length:
35 minutes
Released:
May 12, 2022
Format:
Podcast episode
Description
Bitcoin fell to its lowest in 16 months today, leading a rush out of risk assets, while the collapse of TerraUSD, a so-called stablecoin, underscored the strain on cryptocurrency markets. Bitcoin, the world’s largest cryptocurrency, has lost a third of its value in the last eight sessions. Disney reported stronger-than-expected growth in streaming subscribers across all of its media platforms, but the stock fell today after the company warned it’s still seeing the impact of Covid on its theme parks in Asia. Puck’s Matthew Belloni and Tom Rogers, Engine Media executive chairman and founder of CNBC, react to Disney’s latest quarterly earnings report and the streaming wars. CNBC’s Robert Frank reports how several corporate insiders and executives managed to avoid the tech wreck with big payouts. WeWork’s first-quarter loss narrowed sharply as gross desk sales reached pre pandemic levels with the gradual return of employees in the U.S. to in-person work. Plus, Beyond Meat shares tumbled after it’s jerky launch leads to wider-than-expected losses.In this episode:Matthew Belloni, @MattBelloniRobert Frank, @robtfrankAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawk Becky Quick, @BeckyQuickZach Vallese, @zachvallese
Released:
May 12, 2022
Format:
Podcast episode
Titles in the series (100)
Racing for a Vaccine: Moderna’s Phase 1 Human Trial: Moderna CEO Stephane Bancel shares the first human data for a Covid-19 vaccine program. Early results from the study are promising, and the markets agree. Surgeon, author, and The New Yorker staff writer Dr. Atul Gawande has a “Regimen for Reentry” as the United States plans reopening businesses in the wake of the pandemic. Plus, sagas from Silicon Valley: Grubhub spurns an Uber union, Softbank weathers a leadership and monetary loss, and Senator Amy Klobuchar (D-MN) is taking on big tech (again) via Twitter. by Squawk Pod