DOGE Co-Chair Pete Sessions & CEOs at Mar-a-Lago 12/19/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 19 December 2024

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Friday night deadline is looming for Congress to avoid a government shutdown after President-elect Trump, with the help of Elon Musk, sunk a compromise government funding bill. Representative Pete Sessions (R-Texas), DOGE Caucus Co-Chair, discusses where the negotiations stand and says he wants a “clean” continuing resolution without extraneous items. Next, Yale School of Management’s Jeffrey Sonnenfeld shares CEO sentiment on tariffs and RFK Jr., based on a Yale survey of 200 top executives. Sonnenfeld weighs in on leaders like Jeff Bezos visiting Mar-a-Lago ahead of the inauguration. Plus, markets sunk on the Fed’s 25 basis point rate cut and its signals for 2025. Rep. Pete Sessions - 16:42 Jeff Sonnenfeld - 26:53 In this episode: Rep. Pete Sessions, @PeteSessions Jeffrey Sonnenfeld, @JeffSonnenfeld Becky Quick, @BeckyQuick 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	What a difference a day makes?
0:11.0	A looming deadline, a social media to do, the Speaker of the House, and the President-Elect on opposite sides of a massive funding bill.
0:19.0	He was texting back and with Elon Musk and and Vivek Ramoswamy, too.
0:22.9	Saying stop posting on X, what was he saying?
0:25.1	A government shutdown, possibly under the Christmas tree.
0:28.2	The name of the game is to pass the bill.
0:31.2	We hear from Republican Congressman Pete Sessions on the backroom fights to fund the USA.
0:36.8	As the co-chairman of Doge, we want to make every single item stand on its own.
0:43.3	Speaker Johnson added things that were extraneous to simply funding the government.
0:49.3	And from the corner offices to Mar-a-Lago, the pilgrimage route of America's CEOs with Yale professor Jeffrey Sondonfeld.
0:56.9	The CEOs are not being paradoxical, they're being patriotic.
1:00.4	All that today, plus the market's breaking a winning streak after the Fed's cut and maybe slow it down strategy.
1:07.6	I don't think any of us are surprised at the hawkishness of it.
1:10.9	It is Thursday, December 19th, 2024. Squawk Pod begins right now.
1:16.9	Stand Becky by in three, two, one. Cure, please.
1:22.0	Good morning, everybody, and welcome to Squackbox right here on CNBC. We're live from the NASDAQ market site in Times Square.
1:29.1	I'm Becky Quick, along with Joe Kernan and Andrew Ross Sorkin. Here we go, folks. Yesterday was a day for the markets.
1:36.0	You've now seen the Dow down for 11 sessions in a row. That's the longest losing streak that we've seen since 1974.
1:43.2	10 sessions in a row, yes. It's the longest we've seen since 1974. Ten sessions in a row, yes.
	...

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