U-Turns for Automakers, a “Big, Beautiful Bill,” & a Nike Billboard 4/29/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 29 April 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Trump administration will reduce some of the crippling tariffs for automakers. CNBC’s Phil LeBeau explains the potential impact on General Motors, and former Ford President Mark Fields explains how other automakers are preparing their supply chains for the White House’s trade agenda. The “Big 6” GOP leaders have met at the Capitol to discuss a mega-bill; attendee House Ways and Means Chairman Rep. Jason Smith explains his party’s revenue agenda. Plus, Nike is in hot water with shareholder Bill Ackman over a billboard, and Canada voted to keep the Liberal Party’s Mark Carney as Prime Minister. Rep. Jason Smith 16:25 Phil LeBeau 31:44 Mark Fields 37:47 In this episode: Jason Smith, @RepJasonSmith Phil LeBeau, @Lebeaucarnews Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin 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 Pot.
0:09.0	New Trump tax cuts coming, House Ways and Means Chair, Jason Smith.
0:14.0	We're going to provide that certainty to the markets, the certainty, the small businesses,
0:18.0	the certainty to the families, that they're going to have
0:21.2	a very aggressive pro-growth tax bill.
0:25.9	And a U-turn in the auto sector, GM and the rest of the car industry are facing crippling
0:31.2	tariffs.
0:32.2	Former Ford CEO Mark Fields joins us.
0:34.6	The automakers are going to look very closely on moving very fast to automate
0:38.6	as much of the processes as possible. But the bottom line is, yes, it will add jobs back here in the
0:44.0	U.S. Plus, Canada votes, the division of labor between the DOJ and the FTC in antitrust issues,
0:51.4	and Nike's in hot water with a shareholder over a billboard.
0:55.1	Not a good ad anyway. Whoever wrote this copy was so ignorant.
1:00.3	It's Tuesday, April 29th. Squawk Pod begins right now.
1:05.2	Stand Becky by in three, two, one. Cuea, please.
1:10.4	Good morning, everybody.
1:11.5	Welcome to Squackbox right here on CNBC.
1:14.2	We're live from the NASDAQ market site in Times Square.
1:17.4	I'm Becky Quick, along with Joe Kernan and Andrew Ross Sorkin.
1:20.8	Here we go on a Tuesday.
	...

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