Squawk Pod

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.

Eamon Javers, CNBC's Senior Washington Correspondent, dives into President Trump's surprising electoral win and its game-changing impact on Washington politics. Emily Wilkins, CNBC's DC Correspondent, highlights the newly flipped Senate and its implications for legislative dynamics. They explore the consequences of rising inflation and housing costs, and how these issues influenced voter sentiment. The conversations also touch on the evolving role of media in shaping political discourse and the potential effects on market dynamics, particularly concerning the electric vehicle sector.

Bill Daley, former chief of staff for President Obama and Al Gore’s 2000 campaign chairman, offers insights into the high stakes of Election Day 2024. He emphasizes the importance of faith in the process, especially if results are delayed. The discussion also highlights the resolution of the Boeing machinists' strike, touching on worker satisfaction in aviation. Additionally, the podcast dives into alarming reports of Russia plotting against U.S.-bound flights and the impact of Super Bowl ad sales amid the election frenzy.