Alex Rodriguez on why he's starting a new blank check company

Slam Corp. is a new blank check company that will make its debut on the Nasdaq Tuesday. The SPAC is seeking to raise up to $500 million and will look to target a company in the sports, media, entertainment or health and wellness sector. Alex Rodriguez, CEO of Slam Corp., and Himanshu Gulati, the SPAC's chairman, joined "Squawk Box" on Tuesday to discuss.