Remembering President Jimmy Carter 01/09/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 9 January 2025

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today the nation remembers President Jimmy Carter, whose state funeral is taking place in Washington. Stuart Eizenstat, who served as White House Domestic Policy Advisor under President Carter, delivers one of the eulogies during the funeral; in an interview beforehand, he reflects on his time working with the late President, as well as Carter’s economic legacy. Private equity firms aren’t like they were in the 80s! Steve Klinsky co-founded Goldman Sachs’s Leveraged Buyout Group in 1981, and he’s led his own firm New Mountain Capital since 1999. He reflects on the way the business started, and the type and scale of work he does now. He and his colleagues expect more dealmaking in 2025. Plus, Meta will allow some eBay listings on Facebook Marketplace, and in southern California, fires persist uncontained. Emily Wilkins - 11:45 Stuart Eizenstat - 14:55 Steve Klinsky - 24:53 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music, please.
0:04.6	This is Squawk Pod, and I'm CNBC producer Cameron Costa.
0:08.7	On today's episode, a national day of mourning the life and the legacy of President Jimmy Carter.
0:17.1	To be Carter, we can all celebrate his life. Yes, we can.
0:20.1	We hear from longtime Carter Advisor and one of today's eulogists, Stuart Eisenstaff.
0:26.7	On the economic issues, he was certainly punished.
0:30.4	But the important thing is that he laid a foundation that made it much more innovative,
0:35.8	gave us a much more competitive economy.
0:39.2	And in California, fires rage on.
0:42.6	Homes gone, and much of the burning still uncontained.
0:46.9	Not just the schools and the personal devastation,
0:49.4	but here we are in a business network,
0:51.3	and the long-term economic impact of this is real.
0:55.0	Plus a big picture conversation.
0:58.0	It's not your granddad's private equity firm from the 80s.
1:01.0	And if you are, you're not raising any money.
1:04.0	Private equity pioneers Steve Klinsky on dealmaking then and now.
1:08.0	It's gone from a form of finance to a form of business.
1:11.5	I mean, when I was with firms in the 80s, we had five professionals and you're borrowing a lot of money.
1:16.1	My firm now has 250 people.
1:19.1	Those conversations and much more this Thursday, January 9th.
1:23.4	Squawk pod begins right now.
	...

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.