Friday in DC: Kevin Warsh, Prediction Markets, & OpenAI’s IPO 5/22/26

Squawk Pod

CNBC

Investing, Business, News, Business News

4.2 • 543 Ratings

🗓️ 22 May 2026

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Squawk Box’s Joe Kernen and Becky Quick are in Washington, D.C., where President Trump will swear in Kevin Warsh as the Federal Reserve’s next chair. The two are joined by House Oversight and Government Reform Committee Chairman Rep. James Comer (R-KY) to discuss his congressional probe into insider trading on Kalshi and Polymarket. Then, House Minority Whip Rep. Katherine Clark (D-MA) shares her thoughts on the Democratic agenda ahead of the November midterm elections, the DNC’s 2024 election autopsy, and the affordability crisis. Plus, President Donald Trump said he postponed a signing ceremony for his administration’s much-anticipated executive order on AI, and reports have unveiled more details about OpenAI’s IPO filing. Rep. James Comer - 13:10 Rep. Katherine Clark - 26:13 In this episode: Rep. James Comer, @RepJamesComer Rep. Katherine Clark, @WhipKClark 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.
0:04.3	This is SquawkPod. I'm CNBC producer Cameron Costa. And on today's episode, we are heading to Washington, D.C., where President Trump has postponed his executive order on AI. The reason he doesn't want to block innovation.
0:19.9	There really wasn't an FDA for AI.
0:23.7	No.
0:24.1	Is it just the Wild Wild West and it could come back to haunt us?
0:27.6	I think it's going to be tough.
0:29.6	Then a lawmaker putting prediction markets in the hot seat.
0:33.9	Kentucky Republican representative James Comer's plan for Polly Market and for Kalshi.
0:39.5	There's overwhelming agreement in Congress that there needs to be regulatory framework.
0:43.8	There's just not agreement on.
0:46.2	And Democratic Whip, Representative Catherine Clark, how her side of the aisle is prepping for the midterms.
0:53.3	The fastest thing we can do to lower cost for Americans right now is end this war.
0:59.7	It is Friday, May 22nd, and SquawkPod begins right now.
1:05.4	Stand Becky by in three, two, one.
1:08.3	Cure, please.
1:10.2	Good morning and welcome to Squatbox right here on CNBC.
1:14.3	I'm Becky Quick, along with Joe Kernan.
1:16.4	We are in Washington, D.C. this morning.
1:18.6	Andrew Ross Sorkin is back at headquarters at the NASDAQ market site in Times Square.
1:23.1	We are in our nation's capital, where later today at the White House,
1:26.8	President Trump will swear
1:28.0	in Kevin Warsh as the next chair of the Federal Reserve. Andrew?
	...

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