“Defund Harvard.” Elise Stefanik & Gary Gensler 4/16/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 16 April 2025

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Trump administration’s standoff with Harvard has frozen $2.2B in grants to the university. Representative Elise Stefanik (R-NY) is a Harvard alumna as well as Chairwoman of the Republican Leadership, and she’s calling to “defund Harvard.” For Rep. Stefanik, the government has a right to demand changes on campus and to withhold grant money. She discusses issues of free speech and antisemitism on college campuses. In his first interview since leaving office, former SEC Chair Gary Gensler weighs in on tariffs, negotiating with China, cryptocurrencies, and the betting markets. Plus, United Airlines is offering two profit outlooks, just in case the economy falls into a recession, and critical minerals may be the Trump administration’s next target for tariffs. Elise Stefanik - 12:30 Gary Gensler - 31:11 In this episode: Rep. Elise Stefanik, @EliseStefanik Kelly Evans, @KellyCNBC Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:03.0	Hi, I'm CNBC producer Katie Kramer.
0:07.0	Today on Squawk Pod.
0:09.0	A call to defund one of America's most elite institutions
0:13.0	from an Ivy League alum in the GOP leadership.
0:16.0	Congresswoman Elise Stefannick explains her stance
0:18.0	on the Harvard versus government debate
0:20.0	that has captured
0:21.3	national attention.
0:22.5	These schools get billions of dollars of U.S. taxpayer funds.
0:25.3	We have a responsibility to be good stewards to make sure that they are protecting Jewish
0:28.7	students and they've abjectly failed.
0:31.8	And in his first interview since leaving office, former SEC Chair Gary Gensler, his tip
0:36.5	for the Trump administration on negotiating
0:38.7	with China.
0:40.0	When they see inconsistency in policy, they tend to veer back.
0:45.2	They lean back and they don't like to engage.
0:49.5	Plus is avoiding a trade war with China even possible.
0:53.4	This shows global trade.
0:55.0	They have things we want.
0:56.0	We have things they want.
0:57.0	We have the Boeing plane, but they make the MAGA gear.
	...

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