Fmr. Speaker McCarthy on DC Drama & Staying Fit on GLP-1s 01/06/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 6 January 2025

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

After House Speaker Mike Johnson’s dramatic reelection, the lawmaker and President-elect Trump are reportedly planning a sweeping, multi-trillion dollar piece of legislation. Former Speaker Kevin McCarthy discusses the GOP’s position heading into the inauguration, as well as the future of DOGE, potential tariffs, and Elon Musk’s role in the incoming administration. During his last weeks in office, President Biden is pushing through executive orders ahead of Trump 2.0. The fitness industry has weathered the pandemic and the rise of GLP-1 weight loss drugs in the past 5 years. Joey Gonzalez, Co-CEO and fitness bootcamp instructor at Barry’s, discusses the GLP-1 impact on his industry and his clientele. Plus, tech CEOs including Apple’s Tim Cook are donating to Donald Trump’s inauguration, and NYC congestion pricing has begun. Kevin McCarthy - 14:54 Joey Gonzalez - 30:00 In this episode: Kevin McCarthy, @SpeakerMcCarthy Joey Gonzalez, @BootcampJoey 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 CNBC producer Katie Kramer.
0:07.0	Today on Squawk Pod.
0:09.0	Two weeks till inauguration day, a newly re-elected speaker, Mike Johnson.
0:14.0	The GOP takes control of the House and the Senate.
0:17.0	Much ado in DC with former House Speaker Kevin McCarthy. President Trump is better prepared to go into the job this time than he was eight years ago.
0:24.8	He knows the job. He knows what has to get done. He knows he's got one term. He doesn't want to
0:29.2	waste one day.
0:31.0	Then are the popular weight loss drugs, the GLP-1s, taking a bite out of the traditional
0:36.2	gym industry? Boutique Fitness brand Berries, co-O-CEOGO Joey Gonzalez on the prescription versus the burn.
0:43.2	I think maybe the percentage of various clients who have started in the last year is probably
0:47.7	much higher than those who have been coming prior.
0:51.1	Plus, the tech CEOs writing checks for January 20th and new rules from the Oval Office.
0:57.1	Especially since Obama, President Obama, there have been this real step-up in executive orders that have been issued.
1:02.8	As we get closer to the Biden-Trump transfer of power.
1:06.2	I don't love it. I don't love it.
1:07.7	I think if the country elects somebody, let them do what they're supposed to do.
1:12.3	It is Monday, January 6th, 2025. Squawk Pod begins right now.
1:18.4	Stand Becky by in three, two, one.
1:21.3	Cure, please.
1:23.4	Good morning, everybody, and welcome to Squackbox right here on CNBC.
1:28.7	We're live from the NASDAQ market site in Times Square. I'm Becky Quick, along with Andrew Ross Sork, and Joe is out today. Welcome
	...

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