The Tariff Toolbox: Sen. Elizabeth Warren & Apollo CEO Marc Rowan 04/09/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 9 April 2025

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Senator Elizabeth Warren weighs in on legislation aimed at repealing President Trump’s tariffs by canceling the emergency declaration used to justify them, saying that tariffs can be useful tools when used correctly – which is not the case right now. Meanwhile, Apollo CEO Marc Rowan said he’s seeing things slow down due to the economic uncertainty, but we’re not in a recession yet. Plus, CNBC’s Robert Frank reports on why the bond market may be the biggest risk to the president’s tax bill, China announces an 84% tariff on U.S. goods and President Trump delivers remarks at the National Republican Congressional Committee President’s Dinner. Sen. Elizabeth Warren - 24:35 Marc Rowan - 36:53 In this episode: Elizabeth Warren, @SenWarren Robert Frank, @robtfrank__ Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

Click on a timestamp to play from that location

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	At this point, it's on again, off again.
0:12.0	Are we negotiating? Are we not negotiating?
0:15.0	Senator Elizabeth Warren is skeptical, but she's adamant that something's got to change.
0:20.0	When there's economic chaos, no one wants to make investments in the United States.
0:26.6	And on Wall Street, a new old debate?
0:29.6	Have these tariffs pushed us into a recession or close?
0:33.6	Apollo's CEO Mark Rowan says, don't panic yet. Let's not get ahead of ourselves. Could the uncertainty actually cause a recession?
0:41.3	It could.
0:42.3	Plus, the president's tax bill could add trillions to the national debt.
0:46.3	Wealth reporter Robert Frank on the case.
0:49.3	The deficit hawks in the House are losing ground in this battle.
0:53.3	And tariffs on Chinese goods had a whopping 104 percent.
0:57.8	They're more patient. It's possible that they could, quote, unquote, be willing to throw a bone to a President Trump.
1:05.3	It's Wednesday, April 9th, 2025, Squawk Pod begins right now.
1:12.6	Stand Becky by in three, two, one.
1:15.5	Cuea, please.
1:17.5	Good morning, everybody.
1:19.0	Welcome to Squackbox right here on CNBC.
1:21.6	We're live from the NASDAQ market site in Times Square.
	...

Transcript will be available on the free plan in 7 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.