- "States that have decided not to take on certain parts of the unemployment benefits that driver onboarding has actually increased more quickly," says @JohnZimmer. "We want to make sure the marketplace gets to balance." https://t.co/zFP86S8kiH
Squawk Box Wed 04 Aug 2021 13:30
- "Right now we're evaluating it and we're in deep conversations with our stakeholders to look at what's the right thing to do," $GM CEO @mtbarra on whether or not to mandate vaccinations for the workforce. https://t.co/INQFYe245C
Squawk Box Wed 04 Aug 2021 13:25
- "There are two rare manufacturing defects that if they are found in the same cell will cause this," @GM CEO @mtbarra on Bolt recall. "We're going to do the right thing for our customers ... people have to understand and then they can that we're taking the right steps." https://t.co/8CHO7iskPj
Squawk Box Wed 04 Aug 2021 13:15
- "The launches for both the Lyriq and the BrightDrop product as well as the Hummer EV that is right around the corner are all on track" despite global chip shortage," says @GM CEO @mtbarra $GM https://t.co/la7Ucb4dm5
Squawk Box Wed 04 Aug 2021 13:10
- "The marketplace has never faced this exact extreme situation," says $LYFT President @johnzimmer. "As more people are getting vaccinated the supply and demand imbalance happens but it is getting better. Quarter over quarter we welcomed 50% more new drivers." https://t.co/JW7rdh9Ir6
Squawk Box Wed 04 Aug 2021 13:05
- "This has been an exceptional quarter," says $LYFT @johnzimmer. "Month over month as more people get vaccinated there is more comfort and more desire to go out. July was our highest rider level since the pandemic." https://t.co/6maz0komtD
Squawk Box Wed 04 Aug 2021 13:05
- -$HOOD is surging again this morning -$VSCO begins trading -10-year yield continues downward march @TheDomino has the morning movers: https://t.co/BIagWS7c7b
Squawk Box Wed 04 Aug 2021 13:05
- "We have not been able to audit the auditors of Chinese related issuers," says @GaryGensler. "I'm concerned the retail public doesn't yet fully understand that most of the companies are not Chinese companies--they are buying a Cayman Islands company." https://t.co/it9cNRycQR
Squawk Box Wed 04 Aug 2021 12:30
- "We are looking closely at this market structure," says @GaryGensler on dark pools. "Many of retail public orders are not going to the lit markets but are going to internalizers, going to wholesalers who are taking the retail public trades." https://t.co/MLpNpv2P6N
Squawk Box Wed 04 Aug 2021 12:25
- "I've had wonderful one-on-one discussions with both senators and members of the House, sometimes in group sessions, discussions on #crypto," says @GaryGensler on members of government learning more about cryptocurrency sector #bitcoin https://t.co/Mcq4h4ddyg
Squawk Box Wed 04 Aug 2021 12:25
- "I'm pro innovation but we also need rules of the road," says @GaryGensler. "Satoshi Nakamoto's invention if it is going to meet its potential it needs to come within public policy frameworks." #crypto #bitcoin https://t.co/ohT435NYp4
Squawk Box Wed 04 Aug 2021 12:15
- "#Bitcoin and the hundreds of other coins that investors are trading is a speculative asset class," says @GaryGensler. "The trading platforms they are on are not currently under a regulatory regime that protects them like they are trading on the NYSE." https://t.co/D5oieGeqWl
Squawk Box Wed 04 Aug 2021 12:15
- "We are going to be boosting all of these vaccines--at least for certain cohorts of people particularly older individuals, people who are at higher risk," says @ScottGottliebMD. "It would be optimal if CDC led here and came out with uniform recommendations." https://t.co/bVGNHCchVw
Squawk Box Wed 04 Aug 2021 12:05
- "I'm in favor of municipalities adopting local laws to try to address their situation," says @ScottGottliebMD. "In densely packed cities like New York they have to think differently about the risk of spread in congregate settings. I'm supportive of New York taking this step." https://t.co/Ig5Qida02d
Squawk Box Wed 04 Aug 2021 12:05
- "Unequivocally the virus actually started in Wuhan in September ... We lost 60 days because the Chinese didn't tell us about the virus," says Peter Navarro on US response to the #covid pandemic. https://t.co/xETkim7HSl
Squawk Box Wed 04 Aug 2021 12:00
- "Watching the power of those companies in particular to engage in cancel culture and censorship ... when Xi Jinping looks at that in the West he's going 'I don't want any part of that'," says Peter Navarro on reasons for the tech crackdown taking place in China. https://t.co/ALjmtb934t
Squawk Box Wed 04 Aug 2021 11:50
- "President Xi Jinping might have taken one look at what $GOOGL, $FB and $TWTR did to Donald J. Trump with their political power and decided that big tech in China isn't going to get that big," says former W.H. trade advisor Peter Navarro. https://t.co/Jcucof2mNM
Squawk Box Wed 04 Aug 2021 11:45
- "A lot of our big cities are clogged up in terms of traffic so we're going to have to use the vertical space," says $HON CEO Darius Adamczyk on aerospace plans. "We've already booked $3.5B of potential business in this UAM/UAS space." https://t.co/VbCyyBR0m1
Squawk Box Wed 04 Aug 2021 11:40
- "We've had pretty good success in terms of office employees in terms of vaccinations. We are facing some challenges in some of our manufacturing employees," says $HON CEO Darius Adamczyk. "We haven't offered cash incentives yet, but we have other incentives." https://t.co/5cxX0FbED7
Squawk Box Wed 04 Aug 2021 11:25
- "We are seeing some sustainability in some of the commodities that we purchase. Will that subside over time? I'm not really sure," says $HON CEO Darius Adamczyk on inflation. "Labor is very difficult--we are facing some challenges in hiring people." https://t.co/mlurBrE69g
Squawk Box Wed 04 Aug 2021 11:25
- "It might vary by employee groups, it might vary based on your mode of operations. It will definitely vary on location ... I'm not ready to declare what we're going to do long-term but we're trying to break the mold of working from home," says $HON CEO Darius Adamczyk. https://t.co/4kJUOQ2CS5
Squawk Box Wed 04 Aug 2021 11:25
- "In terms of the delta variant we are not seeing dramatic impact of that yet," says $HON CEO Darius Adamczyk. "It's obviously something that concerns us and something we are watching very, very closely." https://t.co/LBdYtNGsAd
Squawk Box Wed 04 Aug 2021 11:20
- "It's probably likely we are going to pass an infrastructure bill--if it's not this week it will be early next week," says @DanCliftonStrat. "You will probably see a lot of the infrastructure levered company stocks really outperform once we pass this bill." https://t.co/jpcO9VeQ6y
Squawk Box Wed 04 Aug 2021 11:20
- NEW: China is implementing restrictions on subway traffic in Beijing as #covid cases rise there. @onlyyoontv reports: https://t.co/mMptwbVNxn
Squawk Box Wed 04 Aug 2021 10:55
- The CDC is issuing a new eviction ban for the next 60 days. @EamonJavers reports on how it happened: https://t.co/71WpHPW73j
Squawk Box Wed 04 Aug 2021 10:40
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