DC Aid Packages, Bitcoin’s Volatility, & Trump Media’s Slide 04/16/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 16 April 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Days after bitcoin’s weekend plunge and days before the bitcoin halving, Galaxy Digital CEO Michael Novogratz discusses the trajectory of crypto assets amid geopolitical and monetary policy uncertainty. Shares of Trump Media are down 60% from the company’s high in March, after its debut. Semafor business and finance editor Liz Hoffman discusses Truth Social, the platform Trump Media owns, and she considers who owns the volatile stock–and why. House Speaker Mike Johnson plans to split an aid package for Ukraine, Israel, and other U.S. allies into separate bills. Punchbowl News co-founder Jake Sherman discusses what’s at stake for Speaker Johnson (R-LA) and for the GOP. Plus, CNBC’s Emily Wilkins reports on lawmakers encouraging the Nasdaq to delist Chinese companies blacklisted by the Defense Department. And don’t forget to show your support for Squawk Pod! We’re up for a Webby Award, but we can’t win without your votes. Vote for Squawk Pod here, and check out our nominated special series, "Charlie Munger: A Life of Wit and Wisdom," featuring our final interview with the Berkshire Hathaway Vice Chair. Jake Sherman - 02:27 Emily Wilkins - 06:33 Mike Novogratz - 12:06 Liz Hoffman - 24:02 In this episode: Liz Hoffman, @lizrhoffman Jake Sherman, @JakeSherman Emily Wilkins, @emrwilkins Melissa Lee, @MelissaLeeCNBC Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:04.0	Hi, I'm C. NBC producer Katie Kramer, today on Squackpot.
0:09.0	Bit coins 8% plunge just days before the great Bitcoin happening.
0:15.0	The what?
0:17.0	The geopolitics and the leverage in play
0:20.0	with Galaxy Digital's Mike Novigrats.
0:22.0	If the stock market was open on Saturday night... play with Galaxy Digital's Mike Novigrats.
0:22.6	If the stock market was open on Saturday night,
0:25.0	the S&P would have been down 2% to 3%.
0:27.2	I don't disagree.
0:28.1	The question then is why is Bitcoin not back at 70,000?
0:32.0	Separate house votes for foreign aid funding,
0:34.4	Punch Bowls Jake Sherman on the Speaker's floor strategy.
0:37.5	The majority of the House of Representatives
0:39.7	is in favor of Ukraine, is to Israel, and the gamble.
0:44.2	Republicans are in this bill planning to do things like ban
0:47.5	Tik-Tok, sell-off, seized Russian assets.
0:50.3	So this is a big package and a big moment for Mike Johnson.
0:54.0	And is Trump media unmeamable?
0:57.0	Semaphores Liz Hoffman.
0:59.0	It's like, why does anyone own the stuff?
1:02.0	All that, plus the rest of today's stories that got us squawking.
	...

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