Squawk Pod “Long Live the King:” State vs. Federal Rights 2/20/25
Feb 20, 2025
The podcast tackles the heated debate over New York City's congestion pricing and the tug-of-war between state and federal rights. Business leaders weigh in on the pros and cons of this controversial plan. Meanwhile, Palantir's stock takes a hit amidst CEO Alex Karp's share sale news. Discussions also include Trump's potential plan for DOGE dividends and Andrew Ross Sorkin's upcoming book about the 1929 Wall Street crash, linking past financial crises to today's challenges. It's a riveting mix of economics, politics, and urban strategy.
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Doge Dividends
- President Trump considers direct payments to Americans using savings from Elon Musk's cost-cutting measures.
- This concept involves distributing 20% of "Doge savings" to citizens and 20% to debt reduction.
Palantir Plunge
- Palantir shares dropped after CEO Alex Karp announced a plan to sell nearly 10 million shares.
- However, Karp canceled a larger previous plan, making the net increase in sellable shares smaller than initially perceived.
Congestion Pricing Clash
- President Trump declared New York City "saved" from congestion pricing, sparking a debate with Governor Kathy Hochul.
- Hochul viewed this as an attack on New York's independence, rejecting the notion of federal interference.
