Populism in DC, NEC Director Kevin Hassett, & RHONY Mezcal 3/10/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 10 March 2025

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

As Wall Street stumbles on fears of a trade war, National Economic Council Director Kevin Hassett discusses the U.S. economy and the uncertainties that are shaking investors. Tariff concerns extend to small businesses, too; Mezcalum co-founders (and Real Housewives of New York stars) Erin and Abe Lichy share how they’re absorbing raised costs in their supply chain for mezcal from Mexico. CNBC’s Eamon Javers reports on President Trump’s latest comments from Washington, including a shift away from the stock market as a barometer for success. Plus, Tesla stock is experiencing its longest losing streak since going public. Eamon Javers - Kevin Hassett - 26:29 Erin and Abe Lichy - 41:17 In this episode: Erin Lichy, @Erindlichy Eamon Javers, @EamonJavers Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music, please.
0:03.0	Hi, I'm CNBC producer Katie Kramer.
0:07.0	Here's what's coming up today on Squawk Pod.
0:10.0	Six weeks gone from animal spirits to a wait-and-see attitude.
0:14.0	That was a really quick turnabout.
0:16.0	What version of the economy does President Trump want?
0:19.0	I think the tariffs are going to be the greatest thing we've ever done as a country.
0:23.6	It's going to make our country rich again.
0:25.6	Trump 2.0 charging ahead on tariffs, no matter the cost.
0:29.6	Will the White House take possible short-term pain for long-term gain?
0:34.6	The Commerce Secretary categorically ruling out a recession this year.
0:38.3	Like Howard would know.
0:39.3	The President's Chief Economic Advisor Kevin Hassett joins us today with his own
0:44.3	rosy take on America's financial future.
0:47.3	There are a lot of reasons to be extremely bullish about the economy going forward, but for
0:52.3	sure this quarter there are some blips of the data, including the negative GDP Dow.
0:57.6	Plus, tariff trouble hitting small business, a mescal brand founded by a real housewife of New York,
1:03.8	how Bravo's Aaron Litchie prepped for a trade war.
1:07.2	Tequila can have, it only has to be, by Mexican law, 51% pure agave, while the rest can be additive heavy.
1:12.9	No one knows this because they don't have to say it on their bottles.
1:16.1	Mescal, by Mexican law, must be 100% pure agave.
1:19.1	Well, we're the real housewives of squawk, I think.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.