Treasury Sec. Scott Bessent: Mayor Mamdani is Leading Democrats 6/24/26

Squawk Pod

CNBC

Investing, Business, Business News, News

4.2 • 547 Ratings

🗓️ 24 June 2026

⏱️ 44 minutes

🔗️ Recording | Apple Podcasts | RSS

🧾️ Download transcript

Summary

In an extended interview, U.S. Treasury Secretary Scott Bessent addresses the administration’s approach to tariffs, negotiations with Iran, and his own view on America’s AI dominance and regulation, and the future of the Federal Reserve. The morning after the NYC primary elections, Sec. Bessent also weighs in on the future of the Democratic Party. Plus, Google parent Alphabet has replaced Verizon in the Dow Jones Industrial Average. Sec. Scott Bessent - 16:24 In this episode: Scott Bessent, @SecScottBessent Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:04.5	Hi, I'm CNBC producer Katie Kramer.
0:07.1	Today on Squawk Pod.
0:09.1	Treasury Secretary Scott Besant, a robust conversation that starts with tariffs.
0:14.5	We have rebooted the tariff program right now.
0:17.6	We have something called Section 122 tariffs, which is a 10% global tariff.
0:22.2	And covers the New York City political primaries.
0:25.0	Last night, we saw the Mayor Mondami is the leader of the Democratic Party and the establishment
0:31.5	Democrats. Finally, we are seeing where the Democrats are going in this election.
0:36.3	Plus, America's role in writing the rules of the road for AI.
0:40.2	I think we have the obligation to do it because we're the leader.
0:43.2	We are the AI superpower.
0:45.3	China's next.
0:46.5	And, you know, France is a distant third.
0:48.8	Plus the rest of today's news that got us squawking.
0:51.7	Oil prices, the newest Dow component, and...
0:55.1	Do you remember the sheriff on the rifle, man?
0:56.7	No.
0:57.5	You don't?
0:57.8	I don't even remember the rifle man.
0:59.4	It is Wednesday, June 24.
1:01.8	Squawk Pod begins right now.
	...

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