Palantir CEO Alex Karp & Treasury Secretary Scott Bessent 11/4/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 4 November 2025

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Supreme Court will hear the oral arguments for the Trump administration’s use of the International Emergency Economic Powers Act to justify tariffs. Treasury Secretary Scott Bessent, who will be at the hearing, defends the emergency measures and discusses the ongoing government shutdown. Palantir reported a beat in its third quarter earnings, but short sellers are concerned about AI valuations. CEO Alex Karp snaps back at dubious investors, doubling down on the value Palantir and its industry offer the United States. Plus, Vice President Dick Cheney has died, and Norway’s sovereign wealth fund will vote against Elon Musk’s pay package. Happy Election Day! Sec. Scott Bessent - 15:07 Alex Karp - 35:19

Transcript

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0:00.0	Bring in show music, please.
0:03.0	This is Squawk Pod, and I'm C&C producer Cameron Costa.
0:08.0	On today's episode,
0:10.0	Treasury Secretary Scott Besant is ready for the Supreme Court hearing
0:15.0	on President Trump's emergency tariffs.
0:18.0	There are lots of other authorities that can be used, but AEPA is by far the cleanest,
0:24.1	and it gives the U.S. and the President the most negotiating authority.
0:30.1	He says an economic tipping point merits emergency measures.
0:34.3	AEPA is an emergency authority, and we were in an emergency situation.
0:41.5	And Palantir CEO Alex Karp has a sharp message for critics.
0:47.0	Most of GDP growth in this country is because of AI.
0:49.6	The real question is, how do we grow that and expose workers?
0:52.9	What is the worker available GDP?
0:55.1	He's snapping back at short sellers, and he's speaking colorfully, as he always does.
1:00.1	I'm not the only one who's a freak show.
1:02.0	I'm just more open about it.
1:04.6	Those big conversations, plus the longest government shutdown in U.S. history, and another
1:10.3	opponent to Elon Musk's pay package.
1:13.4	Okay, Norway, we got you.
1:15.8	It's Tuesday, November 4th, 2025 election day, and Squawk Pod begins right now.
1:23.1	Stand Becky by in three, two, one, cue, please.
1:28.4	Good morning, everybody.
	...

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