David Rubenstein: Tariffs Won’t Push Us Into Recession 3/25/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 25 March 2025

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tariffs have rattled the markets, but Carlyle co-founder and chairman David Rubenstein says they won’t push us into a recession. He suspects M&A could pick up soon, though at a discount. Rubenstein discusses owning the Orioles and his departure from the chairman role at The Kennedy Center. “How to Build a Happy Life” host and AEI President Emeritus Arthur Brooks has hope for America’s future, despite partisan vitriol. Plus, a Signal group chat has made it out of the White House and into news headlines, and Warren Buffett’s Berkshire Hathaway March Madness bracket competition has a winner–or 12. Arthur Brooks - 14:53 David Rubenstein - 31:18 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:03.0	Hi, I'm CNBC producer Katie Kramer.
0:07.0	Today on Squawk Pod.
0:09.0	How to Build a Happy Life.
0:12.0	Arthur Brooks hosts a podcast of the same name.
0:15.0	Even when things get pretty bitter, it stays pretty peaceful.
0:18.0	I'm so grateful that we live in a country like this where most people
0:21.8	are not that political. Most people are not watching nine hours of news a day. He ran a think tank.
0:27.7	He's now a Harvard professor and an optimist about our country's future. The American people
0:32.9	are getting pretty exhausted. And I'm confident that one party or another is pretty soon in the next
0:39.4	five years going to put forth somebody that people are going to be able to get behind.
0:43.4	And the tariff two-step. Carlisle co-founder and chairman David Rubinstein says the economy's
0:49.0	rattled, but not off track. Even dealmaking might ramp up again. When the Trump administration was elected, people thought there would be a much easier
0:56.9	FTC and Justice Department policy. It hasn't yet come to fruition. It might.
1:02.0	Plus the bracket bets that paid off and the group text that shocked Washington.
1:07.0	If you didn't like what Hillary was doing, he wouldn't like this.
1:10.0	Correct.
1:12.5	War plans on Signal.
1:14.1	But who can overhear?
1:20.2	Like including Sean Hannity on Biden's plans for re-election or something.
1:22.8	It's Tuesday, March 25th.
1:25.1	Squawk Pod begins right now.
	...

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