Transportation Sec. Sean Duffy on the Shutdown’s Impact on Air Travel 10/7/25

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 7 October 2025

⏱️ 38 minutes

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Summary

As the government shutdown enters its seventh day, all eyes are on the transportation sector. Transportation Secretary Sean Duffy joins to discuss how the shutdown is affecting air travel and the growing concerns among air traffic controllers. Meanwhile, CEOs are expressing greater confidence despite operating in an environment of constant uncertainty. Tim Walsh, KPMG U.S. chairman and CEO, breaks down findings from the firm’s latest survey of 400 executives. Plus, there’s more on the partnership between OpenAI and AMD, and Tesla is reportedly gearing up for a major announcement. Emily Wilkins - 09:13 Sec. Sean Duffy - 18:18 Tim Walsh - 32:19 In this episode: Sean Duffy, @SecDuffy Robert Frank, @robtfrank Michael Santoli, @michaelsantoli Becky Quick, @BeckyQuick Zach Vallese, @zachvallese

Transcript

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0:00.0	Bring in show music, please.
0:03.0	Today on Squawk Pod, the government shutdown hits its seventh day.
0:10.0	Transportation Secretary Sean Duffy joins us as concerns rise that furloughed federal workers won't get back pay after a reopen.
0:18.0	Let's not use this as leverage with hard work in Americans that keep our sky safe for political
0:23.6	benefit.
0:24.6	And the critical infrastructure keeping planes safe in the sky.
0:28.6	The software that manages the airspace is kind of like we're running Windows 95 or Windows
0:33.6	XP.
0:34.6	That's the genre of software we use for air traffic control.
0:36.6	We need a new software
0:38.0	system.
0:39.8	How good does your boss feel about how things are going in the economy? KPMG CEO Tim
0:45.6	Walsh with a survey of 400 corporate leaders.
0:49.3	CEOs are becoming more confident with this dynamic of just constant uncertainty,
0:54.1	to be quite honest.
0:55.2	And sentiment in a quickly changing workplace.
0:58.6	When I was hired a KPMG, I was assigned to the copy machine.
1:02.6	Becky Quick is joined today by Robert Frank and Mike Santoli on the massive OpenAI and AMD chips deal we're still talking about.
1:11.6	It's really kind of open AI that's driving a lot of that.
1:15.0	So it's kind of a one-legged stool.
1:17.2	And a new partnership in prediction models.
1:20.4	It's just a mashup of betting, trading, investing.
	...

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