“Long Live the King:” State vs. Federal Rights 2/20/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 20 February 2025

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Trump has declared New York City “saved” from congestion pricing in a recent Truth Social post. President and CEO of the Partnership for New York Kathryn Wylde weighs in whether the state is his to save, and shares the pros and cons for the city’s plan. Palantir is plunging after the CEO Alex Karp unveiled his share sale plan, and President Trump is weighing a plan to offer DOGE dividends. Plus, Andrew Ross Sorkin has written a new book! “1929: The Inside Story of the Greatest Crash in Wall Street History” is out in October. Kathryn Wylde - 21:28 In this episode: Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:02.0	Hi, I'm CNBC producer Katie Kramer.
0:06.0	Today on Squawk Pod.
0:09.0	New York City, a flashpoint for state rights versus Donald Trump's federal government.
0:14.0	I have a lot of thoughts.
0:16.0	You do.
0:17.0	I do.
0:18.0	That scares me.
0:19.0	Do New York and New Yorkers need to be saved from congestion pricing by a king?
0:23.9	President and CEO of the Partnership for New York, Kathy Wilde, explains what's at stake.
0:28.5	The president could say, get rid of that law, and I'll support congestion pricing.
0:32.5	I mean, I do think we're going to win in the courts, in any event, but there are other ways that the president could attack the larger issue.
0:40.4	A plunge for Palantir and Doge savings so big they could pay out dividends.
0:46.4	This seems like just, hey, I'm a nice guy. I hope you love me. But he's not running again.
0:52.0	Plus, Andrew Ross Sorkin, holding out on us for years?
0:56.3	You've been doing this for eight years, never said a word.
0:58.6	Never said a word.
1:00.6	It's Thursday, February 20th.
1:03.2	Squawk Pod begins right now.
1:05.4	Stand to enter by in three, two, one, cue, Andrew.
1:10.7	Good morning and welcome back to Squabox.
1:12.5	Right here on CNBC.
	...

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