DOGE, Senate Leadership, & Investors Craving Cava 11/13/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 13 November 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

President-elect Trump announced last night that Elon Musk and Vivek Ramaswamy will head a Department of Government Efficiency, DOGE for short, to trim government spending during his second administration. CNBC’s Eamon Javers has the Trump team’s latest from West Palm Beach. Next, the Senate is gearing up for a vote today on who will be the next majority leader. Eric Cantor, Wall Street executive and former Republican House leader, gives his prediction on the leadership race and discusses his outlook for M&A and regulation under Trump. Also, shares of fast-casual Mediterranean restaurant Cava are soaring on the company’s earnings beat. CEO Brett Schulman says Cava is a “category-defining brand” and discusses his growth outlook. Eamon Javers - 02:23 Eric Cantor - 16:21 Brett Schulman - 27:20 In this episode: Eamon Javers, @EamonJavers Eric Cantor, @EricCantor Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:04.3	Hi, I'm CNBC producer Katie Kramer.
0:07.0	Today on Squawk Pod.
0:09.6	Well, Elon Musk has another job.
0:11.6	President-elect Donald Trump has named the world's richest man to head a budget cutting commission on government efficiency.
0:17.6	Aiman Javers has the story.
0:19.2	If you're talking about cutting $2 trillion, you've got to look
0:21.3	at the whole kit and caboodle here. How is business gearing up for a whole new Washington?
0:27.0	Former Republican House leader turned Wall Street exec, Eric Cantor. We see activity, dialogue is strong
0:33.0	across sectors now, and I think a lot of it does have to do with just the sentiment that came
0:38.2	with this election.
0:40.5	Plus Kava on a tear, the fast casual Mediterranean-style restaurant blowing past the street's
0:45.6	expectations, CEO Brett Schulman on demand for what Kava's serving.
0:50.5	Our goal is a thousand restaurants by 2032, which basically implies a 15% plus compound annual unit growth rate.
0:58.0	It's Wednesday, November 13th, 2024.
1:01.0	Can you define caboodle? Do you know what a caboodle is? What the hell is that?
1:05.0	Squawk pod begins right now.
1:08.0	Stand Becky by in three, two, one.
1:11.0	Cure, please.
1:13.2	Good morning, everybody, and welcome to Squackbox right here on CNBC.
1:17.5	We're live from the NASDAQ market site in Times Square.
1:20.3	I'm Becky Quick, along with Joe Kernan and Andrew Ross Sorkin.
	...

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