World Cup Bets, HUD Secretary, & an Unconventional IPO 6/10/26

Squawk Pod

CNBC

Investing, Business, Business News, News

4.2 • 547 Ratings

🗓️ 10 June 2026

⏱️ 39 minutes

🔗️ Recording | Apple Podcasts | RSS

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Summary

SpaceX is just days away from going public in what could be one of the biggest and most closely watched IPOs ever. CNBC’s Leslie Picker examines why this offering differs from a traditional Wall Street debut, and who stands to benefit. Some state pension funds could see significant gains as well; North Carolina State Treasurer Brad Briner discusses how the state's retirement system is positioned ahead of the listing and what it could mean for teachers, firefighters, and police officers in his state. Housing and Urban Development Secretary Scott Turner weighs in on America's housing affordability challenges and the role regulations play in slowing new development. Plus, tensions between the United States and Iran are escalating, and the 2026 FIFA World Cup is expected to be the biggest betting event in history. Dan Murphy - 04:06 Contessa Brewer - 12:10 Sec. Scott Turner - 19:55 Leslie Picker - 30:52 Brad Briner - 33:39 In this episode: Dan Murphy, @dan_murphy Leslie Picker, @LesliePicker Contessa Brewer, @contessabrewer Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music, please.
0:02.5	This is Squawk Pod, and I'm CNBC producer Cameron Costa.
0:08.6	On today's episode, we are two days out from SpaceX's enormous IPO, why this listing looks
0:17.0	a little different.
0:18.0	In terms of IPO conventions, they're really thrown out the window here.
0:22.8	I mean, it's Elon Musk, after all.
0:24.8	He's not the only one who stands to benefit, though.
0:27.7	It will be a major wealth generation moment for some state pension funds as well.
0:33.1	State treasurer for North Carolina, Brad Bryner, is watching closely.
0:37.2	We managed just about $200 billion for the people of North Carolina, Brad Briner, is watching closely.
0:42.5	We managed just about $200 billion for the people of North Carolina, the teachers and the firefighters and the police officers. And so we're trying to bring them world-class investment
0:46.4	management, which they certainly haven't always had.
0:49.5	And Housing Secretary Scott Turner on affordability in the United States.
0:55.1	The number one thing I hear what's crippling our housing development is regulations,
1:00.2	regulations on the state level, the local level, and at the federal level.
1:04.5	Plus, the U.S. and Iran have exchanged strikes.
1:08.2	And New York City's tri-state area is gearing up for the World Cup.
1:12.8	Contessa Brewer is at the Meadowlands in New Jersey, where the final will take place.
1:17.4	This will be the biggest sports betting event ever.
1:21.8	It is Wednesday, June 10th, 2026, and Squawk Pod begins right now.
1:27.9	Stand Becky by in three, two, one.
1:30.8	Cure, please.
	...

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