Elon Musk Goes to the Oval Office 2/12/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 12 February 2025

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Trump and Elon Musk defended DOGE’s sweeping government reforms during a joint Oval Office appearance, highlighting their effort to curb what they call excessive federal spending. Trump signed an executive order providing new guidelines for agencies to implement DOGE, reinforcing Musk’s vision of a leaner bureaucracy. Joe Lonsdale, 8VC founding partner, Palantir co-founder, and friend of Elon Musk, shares his thoughts on Musk’s growing role in DC, his $97B+ bid for OpenAI, and the debate over carried interest. CNBC’s Phil LeBeau reports on whether the U.S. has hit peak truck and SUV demand, Disney, Goldman Sachs, and PBS are rolling back aspects of their DEI programs, and JPMorgan Chase workers are pushing back on the five-day office mandate. Joe Lonsdale 17:10 Phil LeBeau 37:34 Joe Lonsdale, @JTLonsdale5 Phil Lebeau, @Lebeaucarnews Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music, please.
0:04.3	This is Squawk Pod and I'm CNBC producer Cameron Costa.
0:08.7	On today's episode,
0:10.4	millions and billions of dollars in waste, fraud and abuse.
0:14.4	President Trump and Elon Musk together in the Oval Office,
0:19.1	presenting a Doge defense.
0:21.6	The reason the press exists is for things like this.
0:24.6	I just wish it was applied evenly.
0:27.6	And an extended interview with Palantir co-founder Joe Lonsdale, how he's thinking about the Doge agenda.
0:34.6	And this is more, I guess, of a tech world way than a DC way.
0:37.7	But is that the right way to go about change?
0:41.0	Lonsdale says it's better than the alternative.
0:43.8	It's such a mess that I think being bold is the right answer.
0:46.0	I get it's going to have a few mistakes, but I'd rather have those few mistakes and fix it.
0:50.7	Plus DEI rollbacks at Goldman Sachs and at Disney.
0:54.8	And tariffs, it's a big American auto story with CNBC's Phil Lebo.
1:00.2	We are big people who want big automobiles.
1:03.4	It's Wednesday, February 12th, and SquawkPod begins right now.
1:08.7	Stand back you by in three, two, one.
1:11.6	Cuea, please.
1:13.9	Good morning, everybody.
1:15.4	Welcome to Squackbox right here on CNBC.
	...

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