JD Vance, In Between Debates 09/12/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 12 September 2024

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

Senator and Vice Presidential Candidate JD Vance discusses former President Donald Trump’s plans for the economy, the impact of tariffs, and the urgency of immigration policy in an extended conversation. Days after the Presidential debate, Sen. Vance explains how he plans to prepare–sort of–for his own debate against Minnesota Governor and Democratic Vice Presidential Candidate Tim Walz. Best-selling author of “Moneyball” and “The Blind Side” Michael Lewis reacts to that discussion and shares takeaways from his new book on the rise and fall of Sam Bankman-Fried, “Going Infinite.” Plus, Moderna plans to launch new vaccines amid cost cutting, young bankers are putting in very long hours, and OpenAI is now eyeing an even higher valuation: over $150B. JD Vance - 14:34 Michael Lewis - 42:31 In this episode: Sen. JD Vance, @JDVance 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.
0:03.0	Hi, I'm C.N.C. producer Katie Kramer, today on Squawk Pod.
0:09.0	Vice presidential candidate Senator J.D. Vance represents a populist
0:13.8	economic philosophy new to the Republican Party. His take on a key economic
0:18.2	proposal from his running mate, higher tariffs. Donald Trump already imposed
0:22.4	specific tariffs on specific industries.
0:25.0	You didn't see the negative consequences come to light.
0:27.5	In fact, what you saw was rising wages and rising take-home pay.
0:31.3	Tariffs are inflationary.
0:32.3	Well, not always.
0:33.8	We also get into a range of economic issues, deficits, taxes, and the bigness of big business.
0:39.9	Where you and I might actually agree on Lena Khan is that not all mergers and acquisitions are bad.
0:45.0	Author Michael Lewis on politics.
0:47.0	These are such polarized times.
0:49.0	So you've got to pick aside.
0:50.0	And the personal.
0:51.0	From Moneyball to his latest on the Sam Bankman Freed scandal, he
0:55.0	specializes in living history.
0:57.8	First time I covered Silicon Valley during the internet bubble, and I can remember wandering around
1:02.2	being surprised by just how many Republicans there were there.
1:05.0	Plus the rest of today's news that got us squawking, Moderna's new vaccines, Boeing on the edge of a strike.
1:12.0	Young bankers, very long hours.
	...

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