On the Hill, Under the Sea, & In the Trillion Dollar Club 5/30/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 30 May 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Lawmakers have reached a tentative debt ceiling deal; founder of Punchbowl News Jake Sherman explains who’s satisfied, who’s still on the fence, and the work still left to do. Strategas Research Partners Chairman Jason Trennert discusses the deal’s impact on the markets, and the Federal Reserve’s path ahead. Plus, Nvidia has hit the $1 trillion market cap milestone, The Little Mermaid made a splash at the box office, and Elizabeth Holmes is headed for jail. In this episode: Jake Sherman, @JakeSherman Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer today on Squack Pie.
0:09.0	A debt deal proposal.
0:11.0	No one got everything they want, but that's the responsibility of governing.
0:15.8	Who's satisfied and who's still on the fence with Punch Bowl news founder Jake Sherman?
0:20.5	Joe Biden needs to lean in and get skeptical Democrats to vote for this bill because there are a lot of
0:25.8	skeptical Democrats.
0:27.2	The work still to do to get the deal done.
0:29.8	It's going to be a grueling week.
0:32.4	And the market's reaction to it all,
0:34.0	and to the Federal Reserve,
0:35.0	Strategic Chairman Jason Trenner, watching U.S. monetary policy.
0:39.0	Fed is saying, listen, we have our suicide vests on for 2%,
0:42.0	this is it.
0:43.2	I don't think that's going to be the case ultimately.
0:45.1	I think if they get to 3, they're going to stop tightening.
0:48.4	Those big stories, plus a new entry in the trillion dollar club,
0:52.4	high profile CEOs going to China,
0:54.9	and some pop culture that got us squawking and singing.
0:58.4	Under the sea.
1:00.6	It's Tuesday, May 30th, 2023.
1:03.4	Squack Pod begins right now.
	...

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