Trump’s First Moves, Lazard CEO, & the Property Brothers 11/11/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 11 November 2024

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

President-elect Donald Trump has begun to make his first appointments in his new administration. Over the weekend, he named Tom Homan as border czar, said Nikki Haley and Mike Pompeo will not join his second term, and wrote on Truth Social that the Senate majority leader should agree to allow recess appointments to Trump’s cabinet. On X, Senator Mike Lee (R-Utah) suggested reasons to “#EndtheFed,” garnering support from Elon Musk. Lazard CEO Peter Orszag weighs in on Fed independence and discusses what to expect after the transfer of power, including the market impact and the M&A cycle. Next, Property Brothers Drew and Jonathan Scott discuss the state of the housing market and their new HGTV show “Don’t Hate Your House,” focused on how homeowners who can't move are renovating their homes. Peter Orzag - 14:21 Drew & Jonathan Scott - 29:01 In this episode: Drew Scott, @MrDrewScott Jonathan Scott, @JonathanScott Becky Quick, @BeckyQuick 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	A busy weekend at Mar-a-Lago, President-elect Donald Trump making his first appointments, starting with a border czar.
0:16.0	He was the architect, I think, behind some of the separation of families last time around, which has raised
0:21.1	questions. But there are millions of people who are here illegally.
0:24.9	What's the economic impact of Trump's campaign promises for mass deportations to across-the-board
0:30.3	tariffs? Lazzard's CEO Peter Orszag weighs in.
0:33.5	Even the tariffs, which will put upward pressure on inflation, create an incentive for cross-border
0:38.5	M&A because you want to locate, you know, your operations inside of the tariff wall.
0:43.4	Plus, the Property Brothers from HGTV with a new show about homeowners who can't move,
0:49.2	and some ideas for making money building additional units on your property.
0:54.0	It's a she shed, isn't it?
0:56.0	I mean there'd be anything you want.
0:57.0	Yeah, you could have it as a she shed.
0:59.0	Somebody else might have a man cave.
1:01.0	It's Monday, November 11th,
1:04.0	2024, Squawk Pod begins right now.
1:07.0	Stand Becky by in three, two, one, cureure, please. Good morning, everybody, and welcome to Squackbox
1:15.4	right here on CNBC. We're live from the NASDAQ market site in Times Square. I'm Becky Quick,
1:20.4	along with Joe Kernan and Andrew Ross Sorkin. President Elect Trump announcing last night that
1:25.1	Tom Holman's going to be his administration's border czar.
	...

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