Wall St Hits Main St, Neel Kashkari & China Strikes Back 4/11/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 11 April 2025

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

China strikes back at the U.S. with 125% tariffs on goods – CNBC’s Eunice Yoon reports on the latest. BCA Research’s Marko Papic says it’s dangerous to get overly bearish in a policy-induced recession. Plus, Minneapolis Fed President Neel Kashkari says the market trends show that investors are increasingly moving away from the U.S. as the safest place to invest while President Trump’s tariff tensions continue to rise. Meanwhile, in the nation’s capital, the House paves the way for Trump’s “big, beautiful bill,” and over in Hollywood, John Malone gives up his seat on the Warner Bros. Board of Directors to become Chair Emeritus. Neel Kashkari - 15:48 Marko Papic - 43:17 In this episode: Neel Kashkari, @neelkashkari Eunice Yoon, @onlyyoontv Marko Papic, @Geo_papic Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm CNBC producer Zach Vileisi.
0:07.0	Today on SquawkPod.
0:10.0	Do you feel liberated yet?
0:12.0	Tariff negotiations between the United States and just about every country we trade with might be on pause.
0:18.0	But is the market whipsaw doing damage to the economy that our
0:22.9	Federal Reserve spent the last couple of years trying to bring into balance?
0:28.0	Neil Kashkari, head of the Minneapolis Fed, joins us.
0:31.9	I think we need to finish the job on inflation, and then we'll be able to get back to the
0:36.3	traditional tradeoffs of the dual-mandate
0:38.6	goals.
0:39.6	And for me, for one policymaker, I'm not there yet.
0:42.5	Will the tariffs, however they're negotiated, prevent the Fed from getting the job done
0:47.2	on inflation?
0:48.8	If we see that attractive deals or whatever the deals are happen very quickly and we
0:52.5	have some confidence, then I think that would give me more confidence that whatever these effects are are going to be shorter lived.
0:58.0	I think if I was a New York Post headline writer, I would say Fed to White House, colon, Donnie do a deal.
1:06.0	But tariffs on China still in effect, and now Beijing strikes back with levies of 125% on
1:15.2	U.S. goods.
1:16.9	Market watcher Marco Poppich on the geopolitics of a brewing trade war.
1:22.4	US is the bubble.
1:23.4	US, all of it.
	...

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