Economic Trends and Governance Challenges

President Trump and Elon Musk defended DOGE’s sweeping government reforms during a joint Oval Office appearance, highlighting their effort to curb what they call excessive federal spending. Trump signed an executive order providing new guidelines for agencies to implement DOGE, reinforcing Musk’s vision of a leaner bureaucracy. Joe Lonsdale, 8VC founding partner, Palantir co-founder, and friend of Elon Musk, shares his thoughts on Musk’s growing role in DC, his $97B+ bid for OpenAI, and the debate over carried interest. CNBC’s Phil LeBeau reports on whether the U.S. has hit peak truck and SUV demand, Disney, Goldman Sachs, and PBS are rolling back aspects of their DEI programs, and JPMorgan Chase workers are pushing back on the five-day office mandate.

Joe Lonsdale    17:10

Phil LeBeau       37:34

Joe Lonsdale, @JTLonsdale5

Phil Lebeau, @Lebeaucarnews

Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @andrewrsorkin

Cameron Costa, @CameronCostaNY