Stan Smith: Not (Just) A Shoe 3/20/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 20 March 2025

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In its latest decision, the Federal Reserve will hold interest rates steady. The U.S. markets rallied on Fed Chair Jay Powell’s comments that the economy is still strong. Nvidia rallied as well; CEO Jensen Huang discussed tariffs, bringing chip manufacturing onshore, and tech innovation. Over a dozen leaders in the U.S. oil and gas industry met at the White House on Wednesday. Energy Secretary Chris Wright discusses that meeting and President Trump’s agenda for American power. Plus, tennis legend Stan Smith helped found the ATP in the 1970s. Today he weighs in on the future of the sport, player pay, and his legacy as a player and as the face of a beloved sneaker. Happy March Madness! Chris Wright - 16:07 Stan Smith - 30:16 In this episode: Melissa Lee, @MelissaLeeCNBC 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	Oil executives at the White House.
0:12.0	Over a dozen leaders in America's energy industry met in Washington,
0:15.0	including U.S. Energy Secretary Chris Wright.
0:18.0	He lays out the priorities from that meeting
0:20.0	and the bigger picture of American power.
0:22.6	The president's broader agenda for sure is to grow American prosperity at home and influence and power abroad.
0:29.6	And energy is just a fantastic tool to do that.
0:33.6	It's a shoe, it's a sneaker, it's Stan Smith. The tennis legend and author discusses his wearable legacy and how players today are pushing the sports business forward.
0:43.3	It's not just a lonely game and you know tennis is mono-a-mono, but you have a team.
0:48.3	It's teamwork and the relationships that are involved.
0:51.3	Plus, the Fed holds steady, but Chair Powell says inflation is, uh-oh, transitory.
0:58.4	When he said that, I was a little surprised that the markets really took the whole message in stride.
1:04.1	And lock your March Madness Picks today.
1:07.2	The annual reminder that the odds of that perfect bracket won in 9.2 quintillion. Wow.
1:15.6	It's Thursday, March 20th. Spring is here. Squawk Pod begins right now.
1:26.0	In support of our goals, today the Federal Open Market Committee decided to leave our policy
1:30.4	interest rate unchanged.
1:32.4	Federal Reserve Chairman Jay Powell, speaking following a highly watched decision of the
1:36.7	central bank, to leave interest rates unchanged, keeping a key borrowing rate at a range of
	...

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