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Squawk Pod

Scott Bessent & Trump’s Economy 2.0 11/06/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4494 Ratings

🗓️ 6 November 2024

⏱️ 18 minutes

🧾️ Download transcript

Summary

Another Trump administration might mean big changes to America’s financial system. Scott Bessent, economic advisor to Trump and potential Treasury Secretary pick, shares insights on Trump’s proposed tariffs and a red Senate. Plus, Bessent discusses his behind-the-scenes role in shaping Trump’s economic policies. Bessent - 03:33 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0

This is Squawk Pod.

0:04.5

The morning after the 2024 election, Donald Trump elected president of the United States again,

0:09.9

and we have a newsmaking interview for you.

0:12.2

Scott Besant has donated to the Trump campaign,

0:15.0

and he's been advising the former president on economic policy,

0:18.4

how the controversial tariffs might turn out.

0:21.1

I would recommend that tariffs be layered in gradually, which the price adjustment would

0:27.0

be over a period of time.

0:29.5

And tackling the deficit with a red Senate and a more unified government.

0:33.5

I've already been in conversations with a lot of the Republicans who will chair those committees.

0:40.8

And I can tell you, in the Republican Congress, especially in the House, there's a big appetite for pay for us.

0:47.0

Scott Besant, the advisor, who might be on the short list for Treasury Secretary.

0:51.4

I'm going to do whatever President Trump asks.

0:54.5

I'm CNBC producer Katie Kramer.

0:56.9

Squawk Pod, Election 20204.

0:59.1

Another bonus podcast starts right now.

1:05.5

On this special series of podcasts, we're bringing you the best of our four-hour post-election

1:14.0

squack box, the Wednesday morning show with our anchors Joe Kernan, Becky Quick, and Andrew Ross Sorkin.

1:19.8

And this next interview is with a name you might not already know, Scott Bessent.

1:24.0

He's a donor to the Donald Trump campaign and has been a key advisor to the

1:27.8

president-elect on economic policy. He's been so involved, in fact, that he's rumored to be on

1:32.8

the short list for the new administration's role as Treasury Secretary, following Janet

...

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