Dave’s Hot Chicken & The Reconciliation Bill’s Next Stop 6/2/25

In a roughly $1 billion deal, Roark Capital has added Dave’s Hot Chicken to its portfolio of Auntie Anne’s, Subway, and Dunkin’. CEO of the chicken chain Bill Phelps recounts the company’s journey from folding tables in a parking lot to hundreds of locations around the world. The reconciliation bill has moved from the House to the Senate; Senator Markwayne Mullin (R-Oklahoma) serves as the legislation’s liaison between both branches of Congress and the White House, and he’s confident that the Senate’s changes to the bill will remain cosmetic, rather than structural. Plus, a moment from Squawk Box made it to the Oval Office, and the state of trade and tariffs is still in flux. 

Mike Santelli - 15:12

Sen. Markwayne Mullin - 21:05

Bill Phelps - 34:14

In this episode:

Markwayne Mullin, @SenMullin

Becky Quick, @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie