Squawk Pod Treasury Secretary Bessent & Media with Mario Gabelli 7/31/25
Jul 31, 2025
Scott Bessent, U.S. Treasury Secretary, shares insights on trade negotiations with South Korea and tensions with China, emphasizing the complexities of international diplomacy. He also discusses his plans for filling upcoming vacancies at the Federal Reserve. Meanwhile, billionaire investor Mario Gabelli reflects on his long-term investment in Paramount Global, the merger with Skydance, and strategies to revitalize Hollywood. They explore the impact of AI on jobs and the evolving media landscape marked by significant corporate earnings from tech giants like Microsoft and Meta.
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South Korea Trade Deal Template
- South Korea agreed to a trade deal involving 15% tariffs and significant US energy purchases and investments.
- This deal sets a template for other trade agreements with top US trading partners.
Fed Rate Strategy Amid Tariffs
- The Federal Reserve is cautious about rate cuts due to tariff impacts.
- Despite uncertainty, economic momentum and productivity boosts from AI and tax reforms signal growth potential.
Complex China Negotiations
- Negotiations with China involve complex economic and military rivalry dynamics.
- They reached good progress but final details and deadlines remain uncertain.