Economics Up for Election, Team USA, & One Mewing Kitty 6/10/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 10 June 2024

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Less than 5 months from Election Day, two economic policy experts discuss the sticking points in Bidenomics and Trumponomics. Former President Trump’s 2024 senior economic advisor Steve Moore and former CEA chair under President Obama Jason Furman discuss taxes, tariffs, and energy policy. In a discussion about regulation, former FDIC chair Sheila Bair argues in a recent op ed, not all mergers are bad for consumers. Plus, the far right made big gains in the EU’s elections, Caitlin Clark was not chosen for Team USA, and GameStop tumbled 40% after meme stock enthusiast Keith Gill AKA Roaring Kitty held a livestream. Steve Moore & Jason Furman - 12:20 Sheila Bair - 25:39 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 C. NBC producer Katie Kramer, today on Squawk Pod.
0:09.0	Less than five months till election day.
0:12.7	Bidenomics versus Trumponomics, part two.
0:16.3	The former president's 2024 economic advisor, Steve Moore.
0:20.1	Now give Biden credit, he's telling people these crazy things that he wants to do like tax
0:25.2	on realized capital gains, which has never been done before in the history of this country.
0:29.4	He spars with Jason Furman who served as chair of the Council of Economic Advisors under President Obama.
0:36.0	I have no idea what Trump is trying to accomplish with a 10% tariff on every single import coming from every single country in the world.
0:46.4	What exactly are we trying to do in terms of leverage?
0:50.8	Sheila Bear, former head of the FDIC, says mega mergers aren't all bad.
0:55.6	This is symptomatic of a broader policy initiative to attack corporate concentrations.
1:00.2	In the banking sector, they're focusing on the wrong place.
1:03.0	Plus right wing wins in Europe.
1:06.0	Roaring Kitty speaks activist Elliot management versus Southwest.
1:11.0	Elliot.
1:12.0	Elliot. Oh. Elliot.
1:13.0	Elieit. Bone home.
1:14.0	And basketball phenom Caitlin Clark, not heading to the Paris Olympics.
1:19.0	This is basically like poking the sleeping giant.
1:21.0	Okay.
1:22.0	We'll see. Yeah. This is going to bring me on and
	...

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