Pod install is staying on “Setting up CocoaPods Master repo”

You could try running in verbose mode:

pod install --verbose

That’ll show you what cocoa pods are up to:

Setting up CocoaPods master repo

Cloning spec repo `master` from `https://github.com/CocoaPods/Specs.git` (branch `master`)
  $ /usr/bin/git clone 'https://github.com/CocoaPods/Specs.git' master
  Cloning into 'master'...

(as suggested here)

For me the above step took quite a long time as the repo (Dec 2016) is now 1.1 GB

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