Tariffs with the USTR & Prediction Markets with the CFTC 6/2/26

Squawk Pod

CNBC

Business News, Business, Investing, News

4.2 • 543 Ratings

🗓️ 2 June 2026

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

In Washington, D.C., U.S. Trade Representative Jamieson Greer stops by the Squawk set to discuss trade and tariff strategy. Shortly after news broke of a potential tariff on Brazil, Ambassador Greer references his office’s investigations into unfair trade practices. CFTC Chairman Michael Selig is in DC as well, addressing his own role in regulating prediction markets. In corporate news, Anthropic is going public, Google plans to raise $80 billion to fund its AI build-out, short-seller Andrew Left was found guilty of securities fraud, and Senator Bernie Sanders has a pitch for national AI ownership: the American AI Sovereign Wealth Fund Act. Dan Murphy - 15:37 Jamieson Greer - 20:09 Michael Selig - 29:48 In this episode: Michael Selig, @ChairmanSelig Dan Murphy, @dan_murphy Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music, please.
0:02.5	This is Squawk Pod, and I'm CNBC producer Cameron Costa.
0:08.6	On today's episode, On the Ground in Washington,
0:12.7	the team catches up with DC leaders like US trade representative Jameson Greer.
0:18.2	There's been more nuanced to it than people realize.
0:25.9	The tariff strategy so far, and the changes still to come, like in Brazil.
0:30.8	We're investigating specific unfair trading practices by different countries.
0:39.5	Chairman of the CFTC joins us too, Michael Selig, on how he views his own role in the market of prediction markets.
0:40.5	I do believe that the intent of Congress was for the CFDC to exclusively regulate these
0:45.9	products and to have discretion over certain areas, sports, gaming, all of that.
0:52.7	We have authority to prohibit potentially if we choose to use that authority.
0:57.2	Plus Anthropic is officially going public.
1:00.9	Google is selling $80 billion worth of stock to fund its AI build-out.
1:05.8	Short-seller Andrew Left was found guilty of securities fraud.
1:09.8	And Bernie Sanders has a proposal to democratize AI ownership.
1:14.9	If we as a country can invest in companies like Intel, why not have a stake in the upside?
1:20.7	You were insane.
1:21.3	Go to Bernie Sanders for any type of economic proposals and public policy?
1:24.6	No, never, never, never, never.
1:26.5	It is Tuesday, June 2nd, and SquawkPod begins right now.
1:32.0	Stand Becky by in three, two, one, cue, please.
1:37.0	Good morning, everybody. Welcome to Squackbox. We are live from the CNBC CEO Council Summit in Washington, D.C. this morning, big show for us.
	...

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