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Sweetening the Deal for Spirit & Weathering Crypto’s Cold Front 6/6/22

Squawk Pod

English - June 06, 2022 16:10 - 25 minutes - 23.7 MB - ★★★★ - 450 ratings
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Previous Episode: Netflix’s Bumpy Ride & Buy Now, Pay Later Debt 6/3/22
Next Episode: Taming Crypto’s Wild West; Target Feels a Profit Squeeze 6/7/22

JetBlue has upped its offer for Spirit Airlines as the battle with Frontier heats up. CEO Robin Hayes explains the new, larger breakup fee offer and shares why he feels shareholders should be happy with this deal. After Coinbase’s hiring freeze and Gemini’s layoffs, the crypto community could be headed for a “crypto winter.” Forkast founder and CEO Angie Lau says, a contraction is certainly underway. Plus, Elon Musk claims Tesla is overstaffed, Starbucks is closing down a recently unionized store in New York, and gas prices are throwing a wrench in summer travel plans. 

 

In this episode:

Angie Lau, @AngieTVLau

Phil LeBeau, @Lebeaucarnews

Joe Kernen, @JoeSquawk
Andrew Ross Sorkin, @andrewrsorkin

Becky Quick, @BeckyQuick

Cameron Costa, @CameronCostaNY

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