A-Rod explains why he decided to get involved in OZY Fest

Thousands are expected to brave the heat and attend Ozy Fest in New York City's Central Park. The two-day festival features music, speakers and more. Carlos Watson, Ozy Fest CEO and co-founder, joins "Squawk Box" along with Marc Lasry, Avenue Capital Group co-founder, chairman and CEO, and Alex Rodriguez, founder and CEO of ARod Corp., who will be attending the event.