Guilty: The Verdict’s Impact on Fundraising, Tech, & Crypto 05/31/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 31 May 2024

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Former President Donald Trump was found guilty on 34 felony counts of falsifying business records related to a hush money payment made to a porn star before the 2016 election. Following the verdict, Trump's campaign raised $34.8 million from small-dollar donors in less than seven hours, nearly doubling its single-day fundraising record and crashing the donation website. CNBC’s Brian Schwartz discusses the implications for the election in November. Plus, veteran tech investor and longtime Democrat donor Alan Patricof discusses Silicon Valley's political ties, the 2024 race, and the AI industry's impact on tech valuations. At the Consensus conference in Austin, former NYSE president and Bullish CEO Tom Farley shares both Presidential candidates’ approaches to crypto, and weighs in on the politicization of digital assets. Brian Schwartz - 03:10 Alan Patricof - 16:55 Tom Farley - 27:20 In this episode: Brian Schwartz, @schwartzbCNBC Tom Farley, @thomasfarley Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese

Transcript

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0:00.0	Bring in show music please.
0:04.0	Today, former President Donald Trump guilty on all 34 counts.
0:10.0	The debate that's happening all over the country.
0:14.0	You can't not believe in the system, otherwise you can't really believe in this country.
0:18.0	If you're going to convict a president and take a former president, it should be a significant
0:23.0	I understand your perspective you do understand
0:26.2	it don't dismiss it because it's not just me your
0:28.9	perspective their country and what this verdict means for fundraising,
0:33.8	C and B.C.'s Brian Schwartz.
0:36.2	Within hours, you know, he starts raising money at a clip.
0:39.6	I bet it it. He got to a point where his fundraising website crashed.
0:44.6	How Silicon Valley could take the news
0:47.4	after Tech's partial shift to the right
0:49.6	with veteran tech investor and Democrat Alan Patrickoff.
0:53.8	People are so focused on their pocketbook
0:56.2	and their self-interest in not really thinking about,
0:58.7	you know, democracy, the total country.
1:02.4	And how crypto comes into it all.
1:05.0	Former New York Stock Exchange President Tom Farley is at his consensus conference in Austin,
1:11.0	with thousands of the Web 3 community.
1:14.0	I was with R.F.K. Jr. yesterday when that news came out
1:18.0	and it was surreal. I mean, it was standing room only to hear what he had to say.
	...

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