A Tight House Vote & OpenAI’s New AI Device 5/22/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 22 May 2025

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

After a near all-nighter of debate and amendments, House lawmakers passed President Trump’s mega-bill. CNBC’s Emily Wilkins explains the long road to a tight vote, and Rep. Chip Roy (R-Texas) discusses his own shift from a “nay” to a “yea” vote. Rep. Roy is hopeful that more revisions will be made during the legislation’s next stop in the Senate, namely those addressing his concerns about the deficit and Medicaid. OpenAI is bringing in ex-Apple innovator and designer Jony Ive to build a new, mystery project. In Washington, authorities have identified and detained the gunman in the killing of two Israel embassy staff. Plus, ahead of the holiday weekend, Brian Kelly (The Points Guy) shares travel trends among Americans. Steve Kovach - 4:28 Rep. Chip Roy - 17:29 Brian Kelly - 30:17 In this episode: Emily Wilkins,@emrwilkins Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:04.3	Hi, I'm CNBC producer Katie Kramer.
0:06.9	Today on Squawk Pot.
0:09.2	The bill is passed.
0:12.4	A tight vote in the House for a massive tax bill made possible by a few holdouts changing their minds,
0:18.9	like Congressman Chip Roy, who is still hoping for
0:21.7	some edits in the big, beautiful bills next phase.
0:25.2	We're going to be pretty strong on some red lines ourselves, the fiscal hawks, saying,
0:28.6	look, guys, don't come back and send us a bill that's going to ratchet up deficits.
0:32.9	And the summer travel season kicks off at the Memorial Day holiday, the points guy,
0:37.5	Brian Kelly, on what the industry expects.
0:40.3	Americans are still traveling, but what the airlines need are those premium customers
0:44.4	paying a lot of money to fly to Europe.
0:47.3	Plus Nike to raise prices on tariff uncertainty, and the iPhone designer, Johnny Ive,
0:53.8	teams up with OpenAIIs Sam Altman,
0:56.6	our Steve Kovac reports.
0:58.2	Wow, wow, wow, I could not believe this was happening.
1:01.4	But what are they building?
1:02.6	I still need to know what it is.
1:05.3	It's Thursday, May 22nd.
1:07.6	Squawk Pod begins right now.
1:10.1	Stand back you by in three, two, one.
	...

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