Squawk on the Street Squawk on the Street 2nd Hour 2/24/26
Feb 24, 2026
Senator Elizabeth Warren, U.S. Senator from Massachusetts and longtime consumer protection advocate. She discusses unlawful tariffs and calls for refunds to families. She outlines plans to cap credit card APRs. She proposes limits on private-equity home ownership and warns about risky pension investments. She also raises concerns about Fed independence and banking deregulation.
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Look Overseas For Cheaper Alternatives
- Investors should diversify internationally as alternatives to expensive US names offer cheaper valuations and dividends.
- Steve Sosnick recommended looking beyond high-valuation US stocks to all-world ex-US ETFs like VEU for value and yield.
Refund Consumers If Tariffs Were Illegally Collected
- If the Supreme Court declares tariffs unlawfully collected, Treasury should refund affected consumers rather than litigate.
- Sen. Elizabeth Warren urged Treasury and the president to return roughly $1,000–$1,700 per family that tariff studies estimate was paid.
Tariff Pivot Signals More Consumer Costs
- The administration's pivot to other trade authorities signals a policy of replacing one levy with another rather than returning funds.
- Warren warned the move would keep squeezing consumer pockets and create chaotic, politically driven trade policy.