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Squawk Pod

Housing Affordability & House Speaker Mike Johnson 7/18/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4494 Ratings

🗓️ 18 July 2025

⏱️ 34 minutes

🧾️ Download transcript

Summary

Once the Housing and Urban Development Secretary under President Obama, Shaun Donovan now runs a nonprofit devoted to increasing housing supply and advancing equity. In a conversation about America’s housing affordability crisis, Sec. Donovan explains how the Low-Income Housing Tax Credit in President Trump’s spending bill incentivizes private investment. House Speaker Mike Johnson (R-LA) touts his wins in the spending bill and shares his perspective on monetary policy. Speaker Johnson also weighs in on the Epstein files, saying he and the President believe in transparency. Plus, Netflix reported a strong second quarter, top Federal Reserve official Christopher Waller is calling for a rate cut this month, and The Late Show will end, come next May. Shaun Donovan - 13:46 Speaker Mike Johnson - 20:27 In this episode: Mike Johnson, @SpeakerJohnson Melissa Lee, @MelissaLeeCNBC Joe Kernen, @JoeSquawk Zach Vallese, @zachvallese

Transcript

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0:00.0

Bring in show music please.

0:03.0

Today on Squawk Pod,

0:07.0

Late Night Votes in the House, Speaker Mike Johnson.

0:11.0

What I wanted everybody to know about the one big beautiful bill is it wasn't a magic trick.

0:16.0

This was, I think it was Vince Lombardi that said, victory loves preparation.

0:20.0

And his comments on the Epstein files.

0:23.4

Freeze the rent? An affordability focus boosted New York mayoral candidate Zoran Mamdani,

0:29.8

but the soaring cost of living hits beyond the Big Apple, former New York Housing Commissioner

0:35.3

and former HUD Secretary Sean Donovan.

0:38.3

Rents are rising the fastest in Idaho, in Wyoming, in red states.

0:43.3

And we're seeing more and more Republican governors, Democratic governors, come together to say,

0:48.3

we need to build more housing.

0:50.3

Plus, the rest of today's news with Joe Kernan and Melissa Lee sitting in again, trading calls for cuts at the Fed, axing the late show, and Netflix getting a revenue boost. But still, content is king. No, I don't. No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no.

1:11.6

No.

1:12.6

It's Friday, July 18th, 2025.

1:16.6

Squawk Pod begins right now.

1:18.6

Stand by Joe, and three, two, one, his mic, here.

1:23.6

Good morning, and welcome to Squawk Box here on CNBC.

1:28.6

Yeah.

1:29.2

You're looking at me, which means that the person,

1:32.3

usually I do that cold part where they're showing the pictures and stuff.

1:36.0

And then Becky or Andrew will,

...

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