The Warner Brothers Discovery Split & A Big Handshake with China 6/9/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 9 June 2025

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

National Economic Council Director Kevin Hassett discusses the goals of the top U.S. trade negotiators as they meet their Chinese counterparts in London today. A big handshake and a short meeting will hopefully speed up China’s release of the rare earth metals American tech companies need. CNBC’s Juliana Tatelbaum reports from London on the ongoing trade negotiations. CNBC’s David Faber reports on Warner Brothers Discovery’s plan to split into two public companies by next year. Plus, violence has erupted amid protests in Los Angeles, and Walmart is a top pick for one Wall Street firm. Kevin Hassett - 12:24 David Faber - 24:35 In this episode: David Faber, @davidfaber Julianna Tatelbaum, @CNBCJulianna Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk 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.
0:07.0	Today on Squawk Pod.
0:09.7	Trade talks with China kickoff, Kevin Hassett top White House economic advisor on what's at stake.
0:14.8	Our expectation is that after the handshake, then immediately after the handshake, any export
0:20.7	controls from the U.S. will be eased.
0:22.6	And managing the broader economy, as the president floats, again a preemptive suggestion of a new Fed chair, while the current one is still on the job, will the central bank be keen to cut rates sooner?
0:34.6	If we get another inflation print this week that's about what we've been seeing, then I think
0:39.4	there'll be a lot of pressure on the Fed to do that, but I respect the independence of the Fed.
0:44.1	And breaking news, media moguldom is out, splitting up, spinning off companies is in.
0:50.4	Our David Faber on the news that Warner Brothers Discovery is becoming two companies?
0:55.0	I think there's an expectation or a hope, certainly on the streaming side,
0:58.0	that there may be opportunities to be a consolidator.
1:02.0	Not to be consolidated.
1:04.0	Yes, not to be consolidated.
1:05.0	Plus the rest of today's news from London to Walmart to Los Angeles.
1:10.0	It's the first time that you've seen a deployment of Federal Guards,
1:14.6	of the National Guard, over the objections of a governor since the civil rights movement.
1:19.6	It's Monday, June 9th, 2025, Squawk Pod begins right now.
1:25.6	Stand Becky by in three, two, one.
1:28.3	Cuea, please.
1:30.3	Good morning, everybody.
	...

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