Big Tech’s Big Challenges & Transportation Sec. Sean Duffy 11/3/25

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 3 November 2025

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Transportation Secretary Sean Duffy addresses the government shutdown’s impact on travel and federal travel workers across the country as we enter the second month of the standstill in Washington, DC. Tim Wu, Columbia Law Professor and tech and competition adviser under President Trump, discusses the importance of competition in the big tech landscape. For him, the best foil for China’s tech dominance and competition here in the United States. Plus, Kimberly-Clark will buy Tylenol maker Kenvue, SNAP food benefits could restart this week, and in an interview with 60 Minutes, President Trump discussed the government shutdown and Binance founder Changpeng Zhao, the crypto billionaire the President pardoned last month. Sec. Sean Duffy - 18:25 Tim Wu - 32:28 In this episode: Sean Duffy, @SecDuffy Tim Wu, @superwuster Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Michael Santoli, @michaelsantoli 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.
0:07.1	Today on Squawk Pod.
0:09.8	The government shutdown hits day 34.
0:12.4	An air traffic control staffing is on the brink.
0:15.0	Transportation Secretary Sean Duffy says it's Democrats that are playing politics.
0:19.9	Well, what is leverage?
0:37.5	Their leverage is to hurt the American people. And that critical workers are going without pay. I'm not going to, you know, fire air traffic controllers who are trying to put food on their family's table. I am asking all of them to come to work. I want them to come to work. They have a job to do. Big tech's bigness grows.
0:44.7	Antitrust expert Tim Wu on the mega-cap trillion-dollar-plus companies battling for speed and for business.
0:49.5	The most important industrial policy for the United States at home is competition.
0:54.4	In other words, what we want is we want a big fight at home, so our companies are stronger when they face the Chinese companies.
0:56.0	Plus, a big deal. Kimberly Clark is acquiring Tylenolmaker Kenview.
1:01.5	President Trump was on 60 Minutes, and Andrew Ross Sorkin is in London, but it was close.
1:07.0	I was a victim, a victim of the government shutdown over the weekend.
1:11.7	Oh, with the planes.
1:15.5	It's Monday, November 3rd, 2025.
1:18.1	Squawk Pod begins right now.
1:22.1	Stand and under by in three, two, one, cue, Andrew.
1:27.4	Good morning and welcome to Squackbox right here on CNBC.
1:29.3	I'm Andrew Ross Sorkin along with Joe Kernan.
1:31.6	Mike Santoli is joining us.
1:32.7	Becky is off today.
	...

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