Steve Eisman’s Market Calls: Middle East Conflict & a Trade War 6/17/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 17 June 2025

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Trump has left the G7 meeting early, citing his priority monitoring the Israel-Iran conflict. Steve Eisman famously called and profited from the housing crisis, and today the Wall Street watcher is optimistic on the conflict in the Middle East–at least when it comes to the markets. Former FDA Commissioner Dr. Scott Gottlieb weighs in on the price of cutting health and research funding, as well as his outlook for the innovation pipeline in the U.S. Plus, drama might be brewing between OpenAI and Microsoft, and crypto billionaire Justin Sun is taking Tron public. Steve Eisman 11:59 Dr. Scott Gottlieb 22:54 In this episode: Steve Eisman, @EismanPlaybook Dr. Scott Gottlieb, @ScottGottliebMD Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk 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. Today on Squawk Pod.
0:09.0	President Trump makes an abrupt departure from the G7 in Canada, citing the strikes between Israel and Iran as top priority.
0:16.0	They should have done the deal. I told him do the deal.
0:19.0	And Steve Eisman, the big short investor who famously bet against the housing market before the financial crisis, he warns against the worst-case scenarios.
0:28.6	People have been making those kind of predictions for 40 years. Why haven't they ever come even close to true?
0:33.6	But defends his right to make prognostications.
0:36.6	Sometimes I'm too early.
0:38.7	And in our business, if you're one or two years too early, it's equivalent of being wrong.
0:42.3	But the world can only end once. You just don't want to be late for that.
0:46.0	Then former FDA Commissioner, Dr. Scott Gottlieb, on the future of the agency he used to run
0:50.9	and the costs of cutting health funding. A lot of the cuts that they've made,
0:55.0	they're going to have to figure out a way to either spend the money on the grants that it was allocated towards
0:59.0	or find other ways to spend it.
1:01.0	And so I think you could see a bolus in NIH spending towards the later half of this year.
1:05.0	Plus reported drama between Open AI and Microsoft and a crypto billionaire headed to U.S. markets.
1:13.0	It's Tuesday, June 17th. SquawkPod begins right now.
1:17.7	Stand Becky by in three, two, one.
1:20.5	Cooley.
1:22.6	Good morning, everybody. Welcome to Squawk Box right here on CNBC.
1:26.4	We're live from the NASDAQ market site in Times Square. I'm Becky Quick along with Joe Kernan. Andrew is off today.
1:33.3	We're not looking for a ceasefire. I didn't say I was looking for a ceasefire. What specifically is better than a ceasefire? What are you looking for here?
	...

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