Maryland's proposed tax overhaul aims to address a $3 billion budget deficit by increasing taxes on the wealthiest residents. Governor Wes Moore discusses the details of the state’s new budget proposal, weighing spending cuts versus raising taxes and strategies to spur growth in the state. Then, "Saturday Night Live" celebrates its 50th anniversary with a special three-hour live broadcast. Former and current cast members including Alex Moffat, Garrett Morris, Taran Killam, Jay Pharoah, and Chloe Fineman crash the Squawk set to discuss the show's 50-year legacy. Plus, CNBC's Eamon Javers analyzes President Donald Trump's flurry of executive orders, and GameStop explores potential investments in bitcoin and other cryptocurrencies.

Eamon Javers - 02:16

Gov. Wes Moore - 18:09

SNL Cast - 29:25

Eamon Javers, @EamonJavers

Saturday Night Live Cast, @nbcsnl

Wes Moore, @GovWesMoore

Joe Kernen, @JoeSquawk

Kelly Evans, @KellyCNBC

Zach Vallese, @zachvallese