He’s a Political Force: Barry Diller & David Rubenstein, the Morning After

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 4 November 2020

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

As votes are counted across the country, David Rubenstein, co-founder and co-executive chairman of The Carlyle Group, expects market jitters to continue until a clear winner emerges. He and IAC Chairman Barry Diller consider what political division in the U.S. means for the next four years of policy, business, international relations, and the American psyche, regardless of the election outcome. Diller reflects on liberal moral superiority, a potentially fatal flaw of the Democratic Party, and says that humility and respect are the keys to a hopeful future. Both Rubenstein and Diller agree that whatever his fate, Donald Trump is a political force to be respected and not dismissed.

Transcript

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0:00.0	This is Kewak Pod. I'm C. NBC producer Katie Kramer. Today on our
0:05.4	podcast, it's a nail-bitter. I'm here to tell you tonight we believe we're on
0:10.9	track to win this election. We will win this election.
0:12.6	We will win this and as far as I'm concerned we already have one.
0:16.8	A long campaign, a long night and an election still too close to call.
0:21.1	None of us know where the hell we are.
0:22.8	And where we are is completely unknown.
0:25.3	David Rubinstein, philanthropist, and Carlisle Group founder, weighs in on the razor-thin
0:29.7	margins we're watching across the country.
0:31.9	We've had pretty close elections, which shows you the country's pretty well divided,
0:35.4	which is reflected in the Congress.
0:37.4	Barry Diller, Media Mogul and IAC Chairman says, no matter what happens, there's no more room for moral superiority.
0:44.3	Four years ago I thought wow we're scraping the bottom here.
0:47.4	Well now we really are at the bottom.
0:50.2	So from the bottom in a way you can say there's hope but there's only hope frankly if there's real humility on the side of Democrats
1:00.0	It's Wednesday November 4 4th, 2020.
1:03.5	2020, need I say more.
1:05.5	Squawk Pod begins right now.
1:07.5	Good morning and welcome to Squawk Box here on CNBC.
1:14.4	I'm here with Becky Quick and Andrew Ross Orkin on the day after the presidential election.
1:20.2	There's still time.
1:22.0	A little Friday I'm in love on a maybe on a Wednesday at this hour.
	...

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