JD Vance & A New GOP: Conservative Economic Populism 07/16/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 16 July 2024

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Republican Nominee Donald Trump has named his pick for VP: Ohio Senator JD Vance. It’s a pivotal choice for the GOP, reports CNBC’s Eamon Javers, who is in Milwaukee for the Republican National Convention. Vance represents a new era for the conservative party, one of populist economics. Oren Cass, executive director of populist thinktank American Compass, is one of the movement’s leaders; Cass explains his conservative economics and the symbolism of JD Vance on the 2024 Republican ticket. Venture capitalist Bradley Tusk explains how populism plays out on social media, as well as the role of internet rhetoric in today’s political climate. Plus, Elon Musk has made an endorsement–but Teamsters has not. And Fed Chair Jay Powell is still aiming for a 2% inflation rate, but it’s complicated. Eamon Javers - 13:53 Oren Cass - 16:46 Bradley Tusk - 24:55 In this episode: Oren Cass, @oren_cass Eamon Javers, @eamonjavers Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Hi, I'm C. NBC producer Katie Kramer, today on Squack Pod. See Change.
0:09.2	This really does cement a change of the Republican Party.
0:14.3	Senator J. Vance is former President Donald Trump's new pick for Vice President.
0:21.6	He represents a new era for conservatives.
0:24.3	This is not your father's GOP anymore and I think that has significant implications for
0:29.4	how Wall Street begins to interpret where this administration would go.
0:35.0	At the Republican National Convention is
0:36.6	CNBC's Aemon Javers, and if it's not your father's GOP,
0:40.9	whose is it?
0:41.8	We're digging into J.D. Vance as a symbol of this new
0:45.3	conservative economics with one of the movement's lead thinkers or in Kass.
0:49.8	Just the choice of him on the ticket I think rightfully has the old right, you know the Wall Street
0:55.2	Journal editorial board and so forth recognizing that they are no longer in charge in this party.
0:59.9	And how populism and other politics play out on social media with venture capitalist Bradley Tusk.
1:06.5	The underlying incentives for politicians who just want to stay in office at any cause
1:10.9	is to cater to those groups and those groups are angry.
1:14.4	Plus, Elon Musk endorses, the teamsters don't, Fed Chair Powell eyes that 2% target
1:21.5	rate. We've got it all right here on the podcast today.
1:24.4	When we get hate mail from both sides, I guess we're doing something right.
1:27.6	It is Tuesday, July 16, 2024.
1:31.4	Squawk Pod begins right now.
1:36.3	Good morning everybody and welcome to Squack Box right here on
	...

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