DeepSeek & Buyouts in Washington 2/7/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 7 February 2025

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Reps. Josh Gottheimer (D-NJ) and Darin LaHood (R-IL) are pushing bipartisan legislation to ban Chinese AI app DeepSeek on government devices. The two lawmakers discuss their concerns about CCP espionage on American data. Also in Washington, the Trump administration offered buyouts to millions to federal workers as part of a “deferred resignation” program, but a federal judge paused the offer just 11 hours before the deadline to accept. President of the American Federation of Government Employees Everett Kelley discusses Elon Musk’s effort to trim the budget fat, arguing that there’s a better way to go about doing it. Plus, the US economy added 143,000 jobs in January, and new Treasury Secretary Scott Bessent assures the American people that DOGE’s access to the Treasury is an “operational review, not an ideological review.” Reps. Josh Gottheimer & Darin LaHood - 14:38 Everett Kelley - 24:56 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:03.0	Hi, I'm CNBC producer Katie Kramer.
0:07.0	Today on Squawk Pod.
0:09.0	First TikTok, now DeepSeek, is a ban coming for the Chinese startup that seems to have built a better mouse trap when it comes to AI.
0:17.0	Republican Congressman Darren LaHood.
0:19.0	It's long overdue that we really question what they're doing and we protect American citizens.
0:25.6	And Democrat Josh Gottheimer on a new move to get deep seek off federal devices.
0:31.6	The CCP, the Chinese Communist Party, has one intention.
0:34.6	They're our number one adversary, and their intention is to spew disinformation and to ensure that our democracy's best days are behind us, not ahead of us. Obviously, we believe
0:42.3	we've got to do everything we can to protect our country.
0:45.3	And the fork in the road, or a knife in the back. We speak to the head of the largest union of government workers
0:51.3	as an Elon Musk-driven deferred resignation deadline looms.
0:55.6	Everett Kelly.
0:56.6	The individual that is making these suggestions have never worked in the government,
1:01.2	don't know anything about what federal workers do, you know,
1:04.1	and I suggest once again that they sit on and talk to the federal workers in their union
1:08.4	and work through these issues.
1:10.5	Plus, it's Jobs Day in America and the Winkle Voss twins weighing an IPO.
1:16.9	At least they're not tall, handsome, and athletic.
1:20.0	Oh, wait.
1:21.4	It's Friday, February 7th, 2025.
1:24.6	Squawk Pod begins right now.
	...

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