Squawk Pod

Scott Bessent, Founder and CEO of Key Square Group, shares his unique insights as an economic advisor to Donald Trump and a possible Treasury Secretary. He discusses the ramifications of Trump’s proposed tariffs and strategies to stimulate economic growth amid rising concerns over government spending. Bessent offers a candid look at his behind-the-scenes role in shaping Trump’s policies and dives into the future of the Federal Reserve under a potential new administration. Tune in for a fascinating take on America's evolving financial landscape.

David Rubenstein, co-founder and co-chairman of The Carlyle Group and owner of the Baltimore Orioles, dives into the economic implications of a potential Republican sweep in the 2024 elections. He predicts a market surge and discusses how political shifts can influence equity markets and Treasury yields. Rubenstein highlights the critical legislative priorities, like tax reform, for tackling national deficits. The conversation also touches on navigating political unity and the significance of understanding voter needs, all with a sprinkle of humor about sports ambitions.

Frank Luntz, a renowned pollster and political strategist, shares fascinating insights into the surprising outcomes of the 2024 election. He reveals the key factors behind Donald Trump's unexpected victory, including appeal to diverse voter demographics. Luntz also discusses the unwavering support for Trump and what this means for Democrats moving forward. With a mix of humor and strategic advice, he prompts a reflection on the shifting political landscape and the need for effective communication within the Democratic Party.

Eamon Javers, CNBC's Senior Washington Correspondent, dives into President Trump's surprising electoral win and its game-changing impact on Washington politics. Emily Wilkins, CNBC's DC Correspondent, highlights the newly flipped Senate and its implications for legislative dynamics. They explore the consequences of rising inflation and housing costs, and how these issues influenced voter sentiment. The conversations also touch on the evolving role of media in shaping political discourse and the potential effects on market dynamics, particularly concerning the electric vehicle sector.

Bill Daley, former chief of staff for President Obama and Al Gore’s 2000 campaign chairman, offers insights into the high stakes of Election Day 2024. He emphasizes the importance of faith in the process, especially if results are delayed. The discussion also highlights the resolution of the Boeing machinists' strike, touching on worker satisfaction in aviation. Additionally, the podcast dives into alarming reports of Russia plotting against U.S.-bound flights and the impact of Super Bowl ad sales amid the election frenzy.

Barry Diller, chairman of IAC and Expedia and a media titan, discusses critical election prospects and his backing for Kamala Harris. He posits that Harris might benefit from bringing Elon Musk onto her team for budget cuts. Diller evaluates the potential Uber-Expedia collaboration and Comcast's strategic moves. He also examines the recent reshuffling in the Dow Jones, touching on major shifts in the semiconductor sector and market dynamics. The conversation highlights the intricate link between media landscapes and political discourse.

Darren Woods, CEO of ExxonMobil, shares insights on the company's strong quarterly results and discusses the current state of oil prices and supply dynamics. He tackles regulatory challenges, including a California lawsuit over plastics waste. Arthur Brooks, a Harvard professor and author, analyzes the mood of the nation as the election approaches, emphasizing the need to maintain personal joy despite political turmoil. Both guests reflect on the interplay of economics and politics in shaping their respective fields.

Mark Barrocas, CEO of SharkNinja, captures attention with insights on consumer behavior and innovative home appliances. He reveals plans for diversification and discusses the potential impact of tariffs on business. Meanwhile, Brian Niccol shares his vision to revitalize Starbucks, tackling declining sales with menu changes and a focus on operational efficiency. Together, they delve into the importance of enhancing customer experience and navigating the current market landscape, making for a riveting discussion on leadership and innovation.

Silicon Valley is split over the 2024 US Presidential election - Elon Musk and Mark Cuban are making waves, while Mark Zuckerberg has chosen to sit this one out. Chris Kelly, Kelly Investments founder and former Facebook general counsel and chief privacy officer, discusses the role of business leaders in this election, the future of Crypto, and Kelly’s support for Vice President Kamala Harris. CNBC’s Robert Frank reports on shares of Trump Media and its rollercoaster trading session. Trump owns nearly 57% of the company, which operates the Truth Social platform. His stake at Monday’s closing price was worth upward of $5.4 billion. Plus, Reddit’s bet on AI pays off and Starbucks ditches its olive-oil infused coffee.Chris Kelly - 2:27In this episode:Robert Frank, @robtfrankBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Eamon Javers, CNBC’s senior Washington correspondent, weighs in on the alarming growth of the federal budget deficit and its implications for the upcoming elections. Steve Liesman, CNBC’s economics reporter, reveals the surprising public indifference towards soaring national debt and its economic repercussions. Meanwhile, Axios co-founder Mike Allen examines the confidence in MAGA-World just days before the election, while discussing how a potential Trump win could reshape fiscal policies. The conversation highlights the urgent need for responsible fiscal management amid political uncertainty.