Special Report | Markets in Turmoil
Squawk Pod
CNBC
4.2 • 543 Ratings
🗓️ 4 June 2020
⏱️ 45 minutes
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| 0:00.0 | Hi, I'm CNBC producer Katie Kramer, one of the voices behind the CNBC podcast SquawkPod. |
| 0:07.1 | In these times of uncertainty, we want to make sure we're bringing you, our listeners, as much information as possible, as quickly as we can. |
| 0:15.0 | That's why we're sharing with you now a CNBC special report, Markets and Turmoil. |
| 0:19.8 | Listen in. |
| 0:24.9 | Thank you. CNBC's special report, Markets and Turmoil. Listen in. Good evening. I'm Scott Wapner on day 157 of the coronavirus crisis. We start with breaking news tonight. |
| 0:31.2 | A stunning rebuke against the President of the United States. The former defense secretary, General James Mattis, picked by the president |
| 0:38.9 | himself to lead the Pentagon, issued this statement just a short time ago. I'll quote from it now. |
| 0:44.9 | Donald Trump, says General Mattis, is the first president in my lifetime who does not try |
| 0:49.9 | to unite the American people, does not even pretend to try. Instead, he tries to divide us. We are |
| 0:56.0 | witnessing the consequences of three years of this deliberate effort. We are witnessing the consequences |
| 1:01.0 | of three years without mature leadership, says the general. We can unite without him, drawing on the |
| 1:07.0 | strengths inherent in our civil society. We bring in now Mike Santoli and CNBC contributor Ron Insana to react to all of this. |
| 1:14.6 | Mike, we are not a political program. Everybody knows that. |
| 1:17.6 | But we do understand the intersection of politics and Wall Street, and everybody knows that as well. |
| 1:23.6 | And that's what we're going to look at tonight, because this Mike is a stock market that has rallied so far from the lows. |
| 1:30.3 | It has looked past the coronavirus. |
| 1:32.7 | It has looked past the civil unrest in our cities. |
| 1:36.3 | It has not entertained in any way, shape, or form to this point, the election and the re-election prospects of Donald Trump. |
| 1:44.1 | And I wonder at what point does that change? |
| 1:48.2 | It's very difficult to say, Scott, as you suggest, I think the threshold is pretty high for political |
| 1:54.7 | policy issues, social unrest, a lot of the things in the air to really penetrate the day-to-day |
| 2:00.2 | of what the market |
... |
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