President-elect Trump announced last night that Elon Musk and Vivek Ramaswamy will head a Department of Government Efficiency, DOGE for short, to trim government spending during his second administration. CNBC’s Eamon Javers has the Trump team’s latest from West Palm Beach. Next, the Senate is gearing up for a vote today on who will be the next majority leader. Eric Cantor, Wall Street executive and former Republican House leader, gives his prediction on the leadership race and discusses his outlook for M&A and regulation under Trump. Also, shares of fast-casual Mediterranean restaurant Cava are soaring on the company’s earnings beat. CEO Brett Schulman says Cava is a “category-defining brand” and discusses his growth outlook.

Eamon Javers - 02:23

Eric Cantor - 16:21

Brett Schulman - 27:20

In this episode:

Eamon Javers, @EamonJavers

Eric Cantor, @EricCantor

Becky Quick, @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie