The Fed’s Cut & An Election Hangover Debate 11/08/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 8 November 2024

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the central bank’s latest decision, the Federal Reserve cut its benchmark rate by 25bps. While Democrats wrestle with what went wrong for Vice President Harris, Republicans are making plans for President-Elect Trump 2.0. Former Republican presidential candidate Vivek Ramaswamy and former Trump staffer turned Harris-backer Anthony Scaramucci debate immigration policy and whether the country can “turn the page” under the new administration. Plus, Susie Wiles will be Donald Trump’s White House chief of staff, the Washington Post has called employees back to the office five days a week, and a New Jersey voter endorsed a certain Squawk anchor for president. Steve Liesman - 06:53 Vivek Ramaswamy & Anthony Scaramucci - 19:58 In this episode: Vivek Ramaswamy, @VivekGRamaswamy Anthony Scaramucci, @Scaramucci 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 CNBC producer Katie Kramer.
0:07.0	Today on Squawk Pod.
0:09.0	What a week.
0:11.0	The Fed cut a key interest rate by 25 basis points, and what would be a major headline takes a backseat to the election hangover.
0:19.0	I think you have to be introspective about what's happening in this country.
0:22.2	What's to come in a second Trump administration, former presidential candidate and Donald
0:26.5	Trump supporter Vivek Ramoswamy, lays out a plan on the border crisis.
0:30.8	People who are already in detention, who have not yet even integrated into the communities
0:35.0	of this country, who have come even over the course of the last
0:38.0	year. 12 months is not a time period for establishing routes. Easy case, automatic deportation.
0:43.5	And rebuttal from former Trump staffer, now on the other side, Anthony Scaramucci.
0:48.1	And if we're talking about grace, I would put aside those sorts of things, and I would focus on
0:53.7	growing the economy and making
0:55.5	people more prosperous.
0:57.3	You might be having similar conversations.
0:59.4	We are hitting the emotional core of America's politics.
1:03.6	Plus, the five-day-a-week office making a comeback, a brewing back and forth between the
1:08.6	president-elect and the Fed chief he hired, and, yep, it's the economy.
1:13.7	If we thought a recession was going to happen two years ago, for sure, and it didn't, aren't we two years closer to one actually coming around?
1:22.0	It's Friday, November 8th, 2024, Squawk Pod begins right now.
1:27.6	Stand to enter by in three, two, one, cue, Andrew.
	...

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