Sen. Thom Tillis, Charles Schwab CEO, & Fed Politics 2/4/26

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 4 February 2026

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Charles Schwab President and CEO Rick Wurster discusses different investing habits between generations, including Gen Z’s interest in saving and the increased gamification of trading. Senator Thom Tillis (R-NC) is not running for reelection, and the lawmaker is using his freedom from campaign politics to speak up against the DOJ’s case against Fed Chair Jay Powell and the execution of immigration policies overseen by Kristi Noem. In a fiery interview, Sen. Tillis calls the investigation into the Federal Reserve’s renovation “frivolous” and “vindictive.” Plus, Anthropic’s new legal tool has taken a bite out of tech stocks, and Fed governor Stephen Miran has resigned from his White House post, retaining his seat at the central bank. Senator Thom Tillis - 12:41 Rick Wurster - 27:18 In this episode: 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.
0:04.3	Hi, I'm CNBC producer Katie Kramer.
0:07.1	Today on Squawk Pod.
0:09.4	Charles Schwab, president and CEO Rick Worcester,
0:11.8	with a pulse check on the American investor.
0:14.7	Younger investors, Gen Z investors, are 46% more likely to invest
0:19.2	before they're 21 than the generation before them.
0:22.4	And a rare break from the Republican block.
0:25.7	Sometimes, Senator, the truth will set you free.
0:29.2	Unburdened from running for re-election, North Carolina Republican Tom Tillis is speaking freely and loudly about his concerns with the Trump administration's legal push against
0:38.4	the Federal Reserve and its execution of platform policies.
0:41.8	You have people like Stephen Miller and Christy Knoem undermining what should be a winning
0:47.0	message for us. We have members who share that concern, but they also have to deal with
0:51.8	the politics of re-election. Plus the politics at the Fed, would Chairman Powell leave the Fed board once his term ends
0:58.9	if the president pushed to drop the Department of Justice's case against him?
1:03.0	But the normal way things work is, he doesn't stay after he's not Fed Chairman anymore.
1:07.8	But he could.
1:08.6	But he could.
1:10.4	It's Wednesday, February 4th, 2026.
1:13.8	Squawk Pod begins right now.
1:16.9	Stand Becky by in three, two, one.
1:19.8	Cue, please.
	...

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