Donald Trump Jr., “GrabAGun” SPAC, & Tom LLamas on Nightly News 6/3/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 3 June 2025

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Partners at 1789 Capital Donald Trump Jr. and Omeed Malik are betting on building the “Amazon of guns” through GrabAGun’s SPAC deal. Both discuss their “ideological investments” and the future of conservatism, and Trump Jr. weighs in on his father’s $TRUMP meme coin. After Lester Holt hosted his last Nightly News, Tom Llamas stepped into the role. Llamas explains how he sees his role as a mainstream journalist in the current news environment. Plus, Chicago Fed president Austan Goolsbee and Dallas Fed president Lorie Logan have spoken out on inflation, Neuralink has raised $650m in fresh capital, and CNBC’s Courtney Reagan itemizes the costs of tariffs in retail. Donald Trump Jr. & Omeed Malik - 14:30 Courtney Reagan - 38:33 Tom Llamas - 45:37 In this episode: Donald J. Trump Jr., @DonaldJTrumpJr Omeed Malik, @RealOmeedMalik Courtney Reagan, @courtreagan Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music, please.
0:03.0	This is Squawk Pod, and I'm CNBC producer Cameron Costa.
0:08.0	On today's episode, Donald Trump Jr. and Omead Malik join us.
0:14.0	Their joint venture 1789 Capital is going for guns in their newest SPAC deal.
0:20.0	There's a lot of people that are buying guns that wouldn't have been the typical guys
0:23.5	that were buying guns like I've been doing for decades.
0:25.5	There's women coming into the marketplace for self-defense.
0:28.0	There's a younger generation that's shifting to the conservative side.
0:31.0	A spirited discussion about ideological investing and about the Trump meme coin. It's as bad as Hunter's Art or the Clinton Foundation with her getting back into the White House.
0:42.3	It just seems like a way that greases the skids for influence.
0:45.3	I think, well, I think the meme coin, you don't know who's actually doing any of these things, right?
0:50.3	So, you know, they were done before.
0:51.3	And that's one of the things that has people on edge.
0:53.3	And Tom Yomis takes over the anchor seat
0:57.3	at NBC Nightly News. I work for NBC News, but I work for the viewer. And the best journalists and
1:03.1	the best type of journalism never forgets that. Plus, the rest of today's news, like a stark
1:09.3	warning on growth after tariffs. Do you think that today's economy, the economy of today's news like a stark warning on growth after tariffs.
1:11.6	Do you think that today's economy, the economy of the last two or three months, is doing well as a function of the tariffs?
1:18.6	That's almost impossible to believe.
1:21.6	It's Tuesday, June 3rd, 2025, and Squawk Pod begins right now.
1:26.6	Stand Becky by in three, two, one.
1:30.3	Cue, please.
	...

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