Goldman Sachs CEO David Solomon & Facebook Co-Founder Chris Hughes 4/22/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 22 April 2025

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

President Trump intensified attacks on Federal Reserve chair Jerome Powell, fueling market volatility and concerns over the central bank’s independence. At the Chevron Leadership Initiative's CoMission Champions of Women in Sports event, Becky Quick sits down with Goldman Sachs CEO David Solomon to discuss market volatility, trade policy, economic uncertainty, and investing in women’s sports. Facebook co-founder and chair of the Economic Security Project Chris Hughes is out with a new book, “Marketcrafters.” Hughes discusses Fed independence and the future of capitalism. Plus, Harvard is suing the Trump administration, the Academy Awards set new AI rules, and the FTC is suing Uber over premium billing. Chris Hughes - 15:43 David Solomon - 26:53 In this episode: Chris Hughes, @chrishuges 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.
0:04.6	This is Squawk Pod, and I'm CNBC producer Cameron Costa.
0:09.2	On today's episode, Uncertainty breeding market volatility.
0:14.5	We know what it looks like it means, and that's a sell America trait.
0:17.5	Goldman Sachs CEO David Solomon issues a word of caution about tariffs.
0:23.6	Until businesses and individuals all over the world, not just here in the United States,
0:28.6	can understand our trade policy, how it's going to be implemented, and that allows people
0:34.6	to step back and make decisions about their capital spending, their investment, their planning.
0:39.3	Solomon's watching U.S. treasuries and tariff plans, but he says you can't unwind 80 years of global investment in a snap.
0:48.3	And markets, well, they tend to overreact.
0:52.3	This is a stressful time, but in terms of market function, this is in no way a crisis.
0:58.0	And Facebook co-founder and economist Chris Hughes is out with a new book.
1:03.0	Just as regulators are taking aim at Google and at the company he found it.
1:09.0	Hughes is not opposed to raining in the giants.
1:13.0	I wrote the book because I believe the private sector is very, very important to spurring
1:17.9	innovation.
1:18.9	It just needs to be managed.
1:20.6	Those conversations plus AI at the Oscars, not off the table, and Harvard is suing the
1:26.7	Trump administration.
1:28.2	That is where the free speech piece of this is complicated.
1:31.9	It's Tuesday, April 22nd, and SquawkPod begins right now.
1:37.9	Stand Becky by in three, two, one.
	...

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