Squawk Pod 100 (More) Days of Trump: Big Tech & Voter Sentiment 4/30/25
Apr 30, 2025
Steve Liesman, CNBC's senior economics reporter, and Frank Luntz, a renowned pollster and political strategist, discuss a pivotal time in President Trump’s second term. Luntz reveals that disappointed independent voters are crucial, highlighting the disconnect between expectations and political action. Liesman analyzes a struggling economy facing contraction and trade deal complexities amidst tensions with Amazon. The conversation captures the intricate relationships between big tech, voter sentiment, and economic realities in a polarized landscape.
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GDP Impacted by Import Timing
- First quarter GDP fell due to front-loaded imports not sold or inventoried.
- The import timing issue will likely boost second quarter GDP, complicating economic interpretation.
Understanding GDP Amid Trade Effects
- Economic data are complicated by 'front running' imports creating misleading GDP figures.
- True economic demand should be analyzed via 'final demand' excluding imports and inventories.
Political Identity Shapes Perception
- Political allegiance now shapes perception of economic reality more than demographics.
- Distrust grips government, media, and institutions except the military, limiting national unity.