Squawk Pod Elon Musk’s $1 Trillion Pay Plan & Commerce Sec. Howard Lutnick 9/5/25
Sep 5, 2025
Howard Lutnick, the U.S. Commerce Secretary, shares insights on recent trade policies, including lowered tariffs on Japan and the challenges of a sluggish job market. Robin Denholm, Tesla's Chairwoman, discusses Elon Musk's colossal $1 trillion pay plan, designed to drive company innovation and performance. They delve into how this ambitious compensation might shape Tesla's future and its ties to broader economic trends. The episode also touches on the implications of controversial mortgage claims involving cabinet members and emerging investment strategies.
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Mortgage Records Spark Washington Scrutiny
- ProPublica found at least three Trump cabinet members listed multiple homes as primary residences on mortgages.
- Each official denied wrongdoing and the White House called the report a smear.
Primary Residence Claims Depend On Intent
- Multiple-primary-residence mortgages can be legal but hinge on bank disclosure and intent.
- The key question is whether anyone intentionally misled lenders to gain improper mortgage terms.
Fiery Senate Hearing Over Vaccine Policy
- HHS Secretary RFK Jr.'s Senate hearing focused critics on vaccine policy changes and CDC leadership shakeups.
- Republicans and Democrats expressed concern about missing concrete vaccine guidance for schools.