Squawk Pod

John Driscoll, former president of Walgreens Boots Alliance, raises alarms about Robert F. Kennedy Jr.'s nomination as Secretary of Health and Human Services, emphasizing its potential risks to healthcare policy. Ted Decker, Home Depot CEO, discusses how inflation is impacting consumers and the company's strategic responses, including a significant grant for healthcare initiatives. Additionally, Cathie Wood shares insights on Elon Musk's new government role and its implications for innovation and the stock market.

Eamon Javers, a CNBC reporter known for his coverage of the Trump transition, joins Tom Barrack, a loyal Trump ally and former inaugural committee chair. They discuss the surprising nomination of Rep. Matt Gaetz for attorney general amid ongoing investigations, shedding light on the implications for the Republican Party. Barrack shares insights into Trump's hiring strategies and expectations for his second term. The conversation also touches on the intersection of AI and media, revealing emerging trends in political communication.

Eric Cantor, former Republican House Majority Leader turned Wall Street executive, shares insights on the Senate leadership race and anticipates regulatory shifts under a potential Trump administration. They discuss the formation of the new Department of Government Efficiency, DOGE, aimed at reducing spending. The conversation also explores Cava's soaring stock following impressive earnings, highlighting the restaurant's ambitious growth plans, and the evolving landscape of the fast-casual dining market.

Judy Shelton, senior fellow at the Independent Institute and a former Federal Reserve Board nominee, alongside Jared Cohen, President of Global Affairs at Goldman Sachs, dive into pressing economic and geopolitical topics. They discuss the turbulent future of the Federal Reserve amid calls for greater accountability and independence. Cohen highlights the energy demands of artificial intelligence and the need for 'data center diplomacy' in U.S.-China rivalry. The episode also touches on significant market shifts following recent political changes and the evolving landscape of technology.

Peter Orszag, CEO of Lazard and former OMB director under Obama, discusses the economic impacts of President-elect Trump's cabinet selections and their potential ripple effects on the market. He emphasizes the importance of Fed independence and strategic planning in a shifting political landscape. Meanwhile, Drew Scott, co-founder of Scott Brothers Global, shares insights on the current housing market and their new HGTV show, which encourages homeowners to renovate instead of relocate, addressing affordable housing and innovative solutions like Accessory Dwelling Units.

Vivek Ramaswamy, former Republican presidential candidate, debates immigration and the nation's future with Anthony Scaramucci, a former Trump staffer now backing Harris. They clash over policies and national unity while reflecting on recent election dynamics. Steve Liesman weighs in on the Fed's rate cut and its economic implications. The conversation highlights the deep political divides post-election and emphasizes the need for collaboration moving forward.

Shayne Coplan, CEO of Polymarket, dives into the world of prediction markets, highlighting their surprising accuracy in forecasting election results compared to traditional polls. He discusses the influence of figures like Elon Musk on young voters and the purpose they find in political engagement. Insights into the physiological stress of Election Day are shared, alongside the evolving landscape of political betting and its implications. Coplan sheds light on Polymarket's role in shaping public sentiment and how it revolutionizes predictions in real-time.

Scott Bessent, Founder and CEO of Key Square Group, shares his unique insights as an economic advisor to Donald Trump and a possible Treasury Secretary. He discusses the ramifications of Trump’s proposed tariffs and strategies to stimulate economic growth amid rising concerns over government spending. Bessent offers a candid look at his behind-the-scenes role in shaping Trump’s policies and dives into the future of the Federal Reserve under a potential new administration. Tune in for a fascinating take on America's evolving financial landscape.

David Rubenstein, co-founder and co-chairman of The Carlyle Group and owner of the Baltimore Orioles, dives into the economic implications of a potential Republican sweep in the 2024 elections. He predicts a market surge and discusses how political shifts can influence equity markets and Treasury yields. Rubenstein highlights the critical legislative priorities, like tax reform, for tackling national deficits. The conversation also touches on navigating political unity and the significance of understanding voter needs, all with a sprinkle of humor about sports ambitions.

Frank Luntz, a renowned pollster and political strategist, shares fascinating insights into the surprising outcomes of the 2024 election. He reveals the key factors behind Donald Trump's unexpected victory, including appeal to diverse voter demographics. Luntz also discusses the unwavering support for Trump and what this means for Democrats moving forward. With a mix of humor and strategic advice, he prompts a reflection on the shifting political landscape and the need for effective communication within the Democratic Party.