Paying for the American Dream & Financial Literacy 4/1/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 1 April 2025

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

The reconciliation bill remains stalled in Congress. Senator Bill Cassidy (R- Louisiana) says the government must first reel in its “out-of-control” spending and debt to defend the American Dream. John Hope Bryant weighs in on why he believes financial literacy needs to be taught to every American at every education level. Plus, OpenAI closes a funding round at $40 billion, the largest private tech deal on record, Johnson & Johnson loses in court again in its bid to settle talc cases and shares of Newsmax surge for a second day after a massive IPO debut on Monday. Sen. Bill Cassidy - 16:57 Kate Rooney - 28:22 John Hope Bryant - 30:33 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie Bill Cassidy, @SenBillCassidy John Hope Bryant, @johnhopebryant Kate Rooney, @Kr00ney

Transcript

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0:00.0	Bring in show music, please.
0:04.4	Hi, I'm CNBC producer Katie Kramer.
0:07.0	Today, on Squawk Pod.
0:09.7	Things are so expensive that we just keep borrowing?
0:13.0	Senator Bill Cassidy on the chance to lower the national debt.
0:16.3	If we don't live within our means, we're going to destroy the American dream.
0:19.2	The American dream will become a nightmare.
0:26.6	And as chair of the Senate Health Committee, Cassidy weighs in on the dramatic fight over health care federal funding. We don't want innovation not coming to market. Innovation that can actually save lives.
0:32.6	Then from the nation's pocketbook to our own, Operation Hope entrepreneur John Hope Bryant on Financial Literacy Month.
0:40.8	70% of Americans are living from paycheck to paycheck. Everybody, not poor people. Half of those making $100,000 a year are living from paycheck to paycheck.
0:49.7	Plus, Open AI with the biggest private funding deal ever, our Kate Rooney reports.
0:55.5	It's almost three times bigger than the prior record, which was Ant Group, raising about $14 billion.
1:01.0	And one day more, President Trump's April 2nd tariff day quickly approaching.
1:06.0	We still have a lot to find out over the next 24 hours.
1:09.0	I clearly don't think he knows exactly what he wants to do with this point.
1:12.6	He just said that he's known the whole time.
1:15.6	It's Tuesday, April 1st, 2025.
1:19.0	No fooling. Squawk Pod begins right now.
1:22.5	Stand Becky by in three, two, one.
1:25.4	Fuel, please.
1:28.2	All right. Good morning, everybody. Welcome to please. All right, good morning, everybody.
1:29.7	Welcome to Squawk Box right here on CNBC.
	...

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