MAGA at Madison Square Garden & The Election Betting Game 10/28/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 28 October 2024

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Donald Trump held a rally at Madison Square Garden in New York on Sunday, kicking off his final appeal to voters as election day approaches. One rally speaker, Rep. Byron Donalds (R-Florida), joined the Squawk set the morning after, discussing a rally joke that sparked controversy and the vitriol surrounding this year’s election. Former Rep. Donna Edwards (D-Maryland) suggests that votes for Vice President Harris are votes for a forward-looking administration, and weighs in on the political tension across the country. Next, Robinhood is joining the election betting game alongside platforms like Polymarket and Kalshi. Despite polls indicating a close race, betting platforms favor former President Trump to win the White House. Kalshi co-founder Tarek Mansour discusses betting market accuracy, as well as competition between the betting platforms. Plus, Boeing announced a capital raise of $18.9 billion, and McDonalds has returned its Quarter Pounder to the menu following the E. coli outbreak. Tarek Mansour - 27:21 Rep. Byron Donalds, fmr. Rep. Donna Edwards - 11:03 In this episode: Rep. Byron Donalds, @ByronDonalds Fmr. Rep. Donna Edwards, @DonnaFEdwards Tarek Mansour, @mansourtarek_ Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squack Pod and I'm C. M.C. producer Cameron Costa.
0:09.0	On today's episode, Twas eight days before the election and Madison Square Garden was buzzing with the Trump campaign. Representative Byron Donald's was there before coming to our set.
0:25.0	We don't believe in pure democracy in America.
0:28.0	We are a constitutional republic and the Democrats don't like that because they simply can't get their way when they happen to a mass power.
0:35.0	And on the other side of the aisle, former Congresswoman Donna Edwards argues there's a reason for all the vitriol.
0:42.0	Well, when you have a campaign that travels in racism, sexes, and misogyny, and hatred,
0:47.0	it's not a surprise that this is where you end up.
0:50.0	Where will we end up?
0:52.0	The election betting markets don't know the future, but they're hosting
0:56.3	millions in trades while we wait. CEO of Kalshi Tarek Mansour joins us.
1:02.1	I think we're gunning for number one for the entire App Store.
1:05.0	By election date.
1:06.0	Those stories plus McDonald's is cutting the onions,
1:09.0	and Boeing is pushing to raise $19 billion.
1:15.0	It's Monday, October 28th,
1:17.0	and Squawk Pod begins right now.
1:20.0	Stand Becky by in three two one cue please.
1:26.0	Good morning everybody welcome to
1:27.7	squawkbox right here on see nbicy we are live from the
1:30.6	NASDAQ market site in time square. I'm Becky Quick along with Joe
1:33.7	Hermann and Andrew Ross Sorkin. Here we go. We have some news just out from Robin Hood,
	...

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