Squawk Pod Tokenizing the Private Market & NYC’s Housing Shortage 7/1/25
Jul 1, 2025
Scott Rechler, the Chairman and CEO of RXR, discusses the NYC mayoral race and innovative solutions to the city’s housing crisis. Andrew Durgee, Co-CEO of Republic, shares insights on the launch of a SpaceX token, exploring the revolutionary concept of tokenized investing along with regulatory challenges. CNBC’s Emily Wilkins provides a breakdown of President Trump’s legislative struggles in the Senate, highlighting the political dynamics at play. Together, they dive into the future of finance, housing, and the evolving landscape of technology in New York.
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Senate Bill Faces Hard Opposition
- The Senate struggled to pass a nearly $3.3 trillion tax and spending bill before the July 4th deadline.
- Opposition included fiscal hawks and Medicaid supporters, with Elon Musk threatening to primary supporters of the bill.
Apple May Outsource Siri AI
- Apple may use outside partners like Anthropic to power Siri's AI to meet its 2026 update deadline.
- This approach could reduce capital expenditure and provide insurance against in-house development delays.
Demand Citations from AI
- Tell AI models to provide citations and links with all answers.
- This practice significantly reduces misinformation and improves answer quality.