Betting on the Election & Elon Musk’s Tech Gamble 10/04/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 4 October 2024

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

The commodities exchange KalshiEx has resumed accepting wagers on the outcome of the 2024 congressional election after a federal appeals court lifted a previous hold. Tarek Mansour, founder and CEO of Kalshi, discusses the potential impact to the current state of the election betting market. And, OpenAI announced a major funding achievement, securing $6.6 billion and reaching a post-money valuation of $157 billion, setting a competitive stage against Elon Musk's AI company, xAI. Walter Isaacson, author and Tulane professor, weighs in on the AI technology race between Elon Musk and Sam Altman. Plus, CNBC’s Frank Holland breaks down the significant labor negotiation concluded with U.S. dockworkers and the United States Maritime Alliance reaching a tentative wage agreement, extending their current contract into 2025. Tarek Mansour - 15:59 Walter Issacson - 27:29 In this episode: Frank Holland, @FrankCNBC Walter Isaacson, @walterisaacson Tarek Mansour, @mansourtarek_ Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese

Transcript

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0:00.0	Bring in show music please.
0:03.0	Today on Squackpot.
0:06.0	Betting on the house, the White House that is,
0:10.0	the platform making gambling on the election legal for the first time in a century.
0:16.0	Calshi CEO Tereck Monzor.
0:19.0	Markets work. I mean if you believe in markets you have to believe that these work.
0:22.0	They aggregate the wisdom of the crowds and you get an accurate gauge and so on.
0:25.0	And from Tesla and SpaceX to AI and even presidential politics
0:31.6	what's next on Elon Musk Stockett?
0:34.5	Musk Biographer Walter Isaacson.
0:37.2	If you're wondering, is he going to bring all these things together?
0:40.6	My answer is yes. Plus, the Port Strike ends,
0:45.0	oil traders watching tensions in the Middle East,
0:48.0	and DJT.
0:49.0	The Trump Social Media Company
0:51.0	with more ups and downs.
0:53.7	We said when this thing went public that it was a mess and it made no sense and here we are.
0:58.4	I'm C. NBC producer Zach Valise, it's Friday, October 4th, 2024.
1:04.0	Squack Pod begins right now.
1:06.7	Stand Becky by in three, two, one, Qles, please.
1:12.0	Good morning everybody and welcome to Squack Box right here on
1:14.9	cn't b cnbc we're live from the NASDAQ market site in time square I'm Becky quick
	...

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