How DC Sausage is Made: Ted Cruz & Musk Author Walter Isaacson 6/5/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 5 June 2025

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

In Washington, Senator Ted Cruz (R-TX) discusses the Senate’s ongoing edits to the reconciliation bill, including deficit debates and AI regulation moratorium. On X, Elon Musk has expressed disappointment and disgust at the legislation, calling to “kill the bill.” The Tesla CEO’s biographer Walter Isaacson discusses the wind-down of DOGE, its lasting impact, and the shifting relationship between Elon Musk and President Trump. CNBC’s Eamon Javers discusses the President’s travel ban and the evolution of the Republican Party. Plus, Reddit has sued Anthropic, the Fed has reported an economic contraction, and President Trump has halted Harvard’s student-visa program. Eamon Javers - 15:38 Walter Isaacson - 23:25 Sen. Ted Cruz - 35:56 In this episode: Ted Cruz, @SenTedCruz Walter Isaacson, @WalterIsaacson Eamon Javers, @EamonJavers Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:03.0	Hi, I'm CNBC producer Katie Kramer.
0:07.0	Today on Squawk Pod.
0:09.0	Kill the Bill? Elon Musk taking a public stand against massive spending legislation the President supports.
0:16.0	Today's Thursday? That was Friday of last week when that glowing send-off occurred in the Oval Office.
0:22.7	It was such a love fest.
0:24.5	Biographer Walter Isaacson on the bad blood now between the world's richest man and Washington.
0:29.8	And if you look at what happened with Biden, not being invited to the EV summit, but also the
0:35.6	whole crackdowns and the regulatory thing of the Biden administration.
0:40.2	So I think you're seeing the same thing with the Trump administration.
0:44.2	But Senator Ted Cruz says, while the details are messy, this legislation is happening.
0:50.1	We're going to get it done.
0:51.1	It is going to be ugly. It's going to be bumpy. It always is.
0:55.0	Plus, the rest of today's news that got us squawking.
0:58.5	And with what you said yesterday, I'm ready to just let it all hang out.
1:01.6	Oh, as opposed to your usual button-down self.
1:05.3	It's Thursday, June 5th, 2025.
1:08.3	Squawk pod begins right now.
1:10.8	Stand Becky by in three, two, one. Cuea, 2025. Squawk Pod begins right now. Stand Becky by in three, two, one.
1:13.7	Cue, please.
1:15.8	Good morning, everybody, and welcome to Squackbox right here on CNBC.
1:20.2	We're live from the NASDAQ market site in Times Square.
	...

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