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cover of episode Populism in DC, NEC Director Kevin Hassett, & RHONY Mezcal 3/10/25

Populism in DC, NEC Director Kevin Hassett, & RHONY Mezcal 3/10/25

2025/3/10
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The discussion revolves around the Trump administration's economic policies, including tariffs and their impact on markets and investments. The administration's stance on the stock market and potential recession is also explored.
  • Trump administration focuses on tariffs as a tool for economic growth.
  • Commerce Secretary rules out recession despite market concerns.
  • Stock market is no longer viewed as the primary success metric by Trump.
  • Uncertainty in trade policies affects business investments.
  • Mergers and acquisitions have declined significantly since 2015.
  • Tesla stock experiences a significant decline, longest losing streak since IPO.

Shownotes Transcript

As Wall Street stumbles on fears of a trade war), National Economic Council Director Kevin Hassett discusses the U.S. economy and the uncertainties that are shaking investors. Tariff concerns extend to small businesses, too; Mezcalum co-founders (and Real Housewives of New York stars) Erin and Abe Lichy share how they’re absorbing raised costs in their supply chain for mezcal from Mexico. CNBC’s Eamon Javers reports on President Trump’s latest comments from Washington, including a shift away from the stock market as a barometer for success. Plus, Tesla stock is experiencing its longest losing streak) since going public.

 

Eamon Javers - 

Kevin Hassett - 26:29

Erin and Abe Lichy - 41:17

 

In this episode:

Erin Lichy, @Erindlichy)

Eamon Javers, @EamonJavers)

Becky Quick, @BeckyQuick)

Joe Kernen, @JoeSquawk)

Andrew Ross Sorkin, @andrewrsorkin)

Katie Kramer, @Kramer_Katie)