The Feud, with House Speaker Mike Johnson 6/6/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 6 June 2025

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

President Trump and Elon Musk are in a very public clash on social media, an explosive end to a bromance that began on the President’s campaign trail. The allegations, the X posts, and what’s next–plus, what Congress and the reconciliation bill have to do with the fight. Musk targeted House Speaker Mike Johnson (R-Louisiana) in some of his latest social media posts, but Speaker Johnson tells us, “it doesn’t need to be personal.” He explains the GOP rifts over addressing the national deficit. U.S. hiring in May slowed, but not as much as economists expected. CNBC’s Mike Santoli, Steve Liesman, and Rick Santelli join former CBO Director Doug Holtz-Eakin, Nuveen’s Saira Malik, and former Treasury official Kitty Richards to discuss the report and what the numbers tell us about the country’s economic trajectory. Speaker Mike Johnson - 16:13 Jobs Panel - 34:10 In this episode: Mike Johnson, @SpeakerJohnson Steve Liesman, @steveliesman Mike Santoli, @michaelsantoli 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.
0:07.0	Today on Squawk Pod.
0:09.0	One big, beautiful breakup.
0:12.0	I don't know, Trump said more, and then Elon said you're on the Epstein list.
0:16.0	Elon Musk said, bring it, basically.
0:19.0	The most powerful man and the richest man in a very public clash.
0:23.3	And House Speaker Mike Johnson, on the sidelines of a feud between two congressional
0:27.0	houses on the massive spending and tax cut legislation, and in the thick of another.
0:32.0	It's not personal, shouldn't be personal.
0:33.7	You know, I don't tell my friend Elon how to build rockets, and I wish he wouldn't argue
0:37.0	with me about how to craft legislation and pass it.
0:39.3	The drama on social media and the drama in Congress.
0:43.3	Plus...
0:44.3	And finally, drum roll, please!
0:46.3	U.S. job creation slowed last month, but not as much as we expected.
0:51.3	We break down the numbers and what they mean with a whip of CNBC reporters like our pal Rick Santelli and Mike Santoli.
0:58.0	I do think it's pretty close to the sweet spot in terms of monthly job gains.
1:02.6	And experts from Nouveen's Sarah Malick on the markets.
1:05.5	How the Fed going to think about it, it gives them a little bit of breathing room.
1:08.8	They don't have to rush to cut rates.
1:11.3	To Republican Doug Holtz Aiken.
	...

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