Megan Casella, a reporter covering live updates from the White House, and Steve Leisman, a CNBC contributor known for his economic insights, dive into the complexities of President Trump's recent tariff announcements. They discuss the immediate impacts on the economy and various sectors, including autos and pharmaceuticals. As stock markets react sharply, they highlight the mixed feelings among investors and potential shifts in manufacturing strategies. The conversation also touches on ongoing bids for TikTok, notably from Amazon, as the divestiture deadline approaches.

Rep. Steven Horsford, a Democratic Congressman from Nevada, discusses the economic fallout from Trump's tariffs, emphasizing the need for a Democratic strategy to counter these policies. Meanwhile, Rep. Mike Lawler, a Republican from New York, defends the tariffs as necessary negotiating tools. CNBC's Steve Leisman offers insight into market reactions and warns of a potential recession. The conversation explores bipartisan concerns over tariffs, their implications for American families, and the complexities of congressional powers in these turbulent economic times.

Dan Clifton, a strategist at Strategas, argues that Elon Musk is the ultimate bond vigilante and discusses the potential market disruptions ahead. Steve Leisman, a CNBC economics reporter, sheds light on the Federal Reserve's recent actions and their ramifications. The conversation also dives into the challenges in Washington, as Congress scrambles to prevent a shutdown. Additionally, Bloom Energy's CEO shares insights on their innovative fuel cell technology, highlighting its role in powering data centers efficiently.