Goldman Sachs CEO David Solomon & Pershing Square’s Bill Ackman 10/21/25

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 21 October 2025

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ahead of the annual Goldman Sachs Alternatives Summit, CEO David Solomon discusses the AI bubble, concerns about the private credit markets, and his own firm’s growth ambitions. In an extended interview, hedge fund manager Bill Ackman makes his pitch to fellow New Yorkers and business owners: vote in the NYC mayoral election. Ackman underscores the importance of Curtis Sliwa’s voters in this election, and he shares his concerns about Zohran Mamdani’s plans, should he be elected mayor. Plus, Apple hit an all time high, President Trump has turned to Australia for rare earth minerals, and two members of the ‘Paypal mafia’ are sparring over AI on social media. David Solomon - 12:09 Bill Ackman - 34:35 In this episode: Bill Ackman, @BillAckman 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.
0:04.4	This is SquawkPod, and I'm CNBC producer Cameron Costa.
0:08.4	On today's episode, Goldman Sachs CEO David Solomon, in his first interview on set in years.
0:16.4	It's great to be in the studio.
0:17.4	It's been a while since I've been in the studio with you guys.
0:19.4	It's good to be in the studio.
0:20.6	The markets, alternative investments, the economy, and the studio. It's been a while since I've been in the studio with you guys. It's good to be in the studio. It's really nice to have you here. The markets, alternative investments, the economy, and the hot topic, Dejure, private credit. We've had three events that on the face seem to be three idiosyncratic events. You know, three idiosyncratic events does not make, you know, a trend or a systemic issue by any stretch. And we're zeroing in on New York City politics two weeks out from the mayoral election. Bill Ackman. Bill Ackman. If Slewa voters vote for Andrew, Andrew wins. The key is Slewa has to be out of the race. What awaits New York on November 4th and, of course, November 5th?
0:56.7	You don't think the National Guard is coming here the day after the election?
1:00.0	I do.
1:01.0	The policies on the ballot and Ackman's concerns about the Mondani movement.
1:06.1	Where is Mondami right?
1:07.7	He's right that we have an affordability issue here.
1:09.6	Okay, why do we have an affordability
1:10.9	issue in York? Rent is too high. Why is that? Right? The answer is because of policies that he wants to make worse. Plus, Apple shares hit a record high and a spat between the PayPal Mafia. It's Tuesday, October 21st, 2025. You're not a boomer. Are you? You're not a boomer? No, I'm not a boomer. Do you know? Becky, you're not a boomer? No. Anyone know the song? Just walk away, Renee. A very full squawk pod with our dynamic trio begins right now. Stand Becky by in three, two, one. Cuel, please.
1:47.8	Good morning, everybody.
1:50.3	Welcome to Squawk Box right here on CNBC.
1:53.0	We're live from the NASDAQ market site in Times Square.
1:56.5	I'm Becky Quake along with Joe Kernan and Andrew Ross Sorkin. A strong day of gains on Monday for all of the major averages.
1:59.9	In fact, at this point, all three of those averages, less than 1% from their all-time highs.
2:05.0	You also had the Russell 2000 that was up sharply yesterday.
2:07.6	It is now less than 2% from its all-time high.
2:10.2	And then gold, which was at another all-time high yesterday this morning pulling back by just under 2%.
	...

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