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Squawk Pod

Sen. Elizabeth Warren on a Credit Card Rate Cap and Affordability 1/14/26

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2543 Ratings

🗓️ 14 January 2026

⏱️ 38 minutes

🧾️ Download transcript

Summary

Bank executives were caught off guard after President Donald Trump said suggested American credit card companies face a 10% cap on the interest rates they can charge. Senate Banking Committee ranking member Senator Elizabeth Warren discusses her conversation with the president, the mechanics of a rate cap and the broader affordability crunch facing consumers. Then, as 2026 is still fresh, many Americans are already struggling with New Year’s resolutions and the pursuit of happiness. Arthur Brooks, Harvard professor and Free Press columnist, shares his own resolutions and explains what research says about finding meaning and happiness in the year ahead. Plus, President Trump weighs in on Iran, and Netflix is reportedly considering an all-cash bid for Warner Brothers. Sen. Elizabeth Warren - 15:27 Arthur Brooks - 28:55 In this episode: Arthur Brooks, @arthurbrooks Sen. Elizabeth Warren, @SenWarren Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0

Bring in show music, please.

0:03.0

Hi, I'm CNBC producer Katie Kramer.

0:07.0

Today on Squawk Pod.

0:09.0

I don't believe in caps. I believe in free markets and capitalism.

0:13.0

And I also believe in the independence of the Fed.

0:15.0

And I don't care about the politics.

0:17.0

The Strange Bedfellow's partnership that sounds like the beginning of a late-night comedy sketch.

0:22.2

Yes, I was surprised. In fact, I did not recognize the phone number.

0:25.9

Senator Elizabeth Warren, maybe working with President Trump to cap interest rates on credit cards,

0:32.0

Stranger Things.

0:33.1

He had not lifted a finger to try to get something through on credit card interest rate caps.

0:40.5

And how to be happier in 26? Arthur Brooks says, put away your phone.

0:46.1

News has always been tough. We want to know what's going on in the world. The problem is that

0:49.8

there are no boundaries to it. Plus, violence in Iran, Netflix's potential all-cash offer for Warner Brothers Discovery

0:57.2

and the rest of today's news that got us squawking.

1:00.4

Congress is going to have a heart attack.

1:02.7

It's Wednesday, January 14th, 2026.

1:06.3

Squawk Pod begins right now.

1:08.8

Stand Becky by in three, two, one. Cure, please. Good morning, everybody. Welcome to Squackbox right here on CNBC. We're live from the NASDAQ market site in Times Square. I'm Becky Quick, along with Joe Kernan and Andrew Ross Sorkin. I want to talk about the banks, exes. Remember, J.P. Morgan. Financials had a rough day, yes. Yeah, and J.P. Morgan initially was up 5% or something. It closed down 4%. The 10% thing. The caps and credit cards. That was probably a. Inflation was pretty good numbers yesterday. I mean, it could have been a good day, but, you know, I looked at how our poor,

1:44.8

well, they're not poor, but, you know, CNBC writes what happened yesterday,

1:47.6

and I looked at them explaining what happened. They even mentioned Greenland,

1:54.2

because there's a big meeting today. They mentioned Iran. I mean, if you want to find things.

...

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