Ceasefire, WSJ’s Peggy Noonan, & The Turkey Talk-Line 11/27/24
31:15 Share

Experiences the power of C, N, B, C prose. Best deal of the year. Track your portfolio from every angle on one optimize.

Bring in show music, please.

Today, a deal in the middle, ast and israel hezbollah asef e broken by the s so it's on both .

sides will soon be able to safely return to the community.

A writer whose helped shaped our nation, Peggy noonan, her reflections on amErica from years of speed rating for ron reagan and being a colony for the wall street journal.

One of the things we did with in this twenty first century is throw off old establishments, but men worried. A hinge point .

and other headlines. Today, OpenAI allows employees to sell their shares and trumps latest picks for his administration with cnbc s aim, java. If you're looking .

to redit lives here, you could position this is sort of the triumph of the trump moderates.

plus talking turkey. We call in to the butterball turkey talk line to get the latest tips from bill. No in the .

holidays are for being together, spent a tough year, and we want to make people happy and have .

a good meal on their table. I'm cnbc producers ACC. It's wednesday, november twenty th squared begins right now.

Stand back to buy in three, two, one, cully.

Good morning, everybody, and welcome to school box right here on cnbc. We're live from the as act market site in times square. I'm back you quick along with Andrew sorkin. Joe is off today.

This bring between israel and a ran back to hesba d taking effect earlier this morning following a year long conflict person by and announcing that truth from the White house yesterday, take a look, has blocked .

terrors infrastructure, show the love and will not be allowed to be rebuilt. And over the next sixty days, israel gradually withdraws remaining forces and civilians so on, both sides will soon be able to safely return to the communities.

Israeli prime minister neta hoo saying that the ceasefire allows his country to now focus on the iranian thread and complete the elimination of homos, the return of hostages and the return of residents of the north. Now let's move to the trump transition, the president elect and acting some key roles from his a, for his economic team, including a very familiar face for school box of viewers, not the face about to see, which is aim javis, who's got a lot more on the story this morning aiming yeah.

Andrew, that's right. I mean, I think Kevin has IT maybe have been has been on square box more often than I have, but Kevin has that is going to be Donald trumps selection for national economic council director. He's a genial and well liked figure who was a figure in the first trump administration, somebody who LED the council of economic advisers at that time.

That sort of like the White house think tank on the economy, now will be heading the big shop, which gets a west wing office. So a big step up for Kevin has IT here. He's somebody who is a convert to trumpet economics, a, but he's also somebody who's got a foot insert of traditional conservative economics.

So I think he ll be somebody who will be welcomed by wall street as sort of an establishment voice, so to speak, inside the trump White house. The other figure named last night is James and greer, who the president alex said will be his U. S.

Trade representative. That's an interesting selection because greer was chief of staff to robbert White higher a. As U.

S. Trade representative in the first uh, trump administration. Now he'll be serving as the U. S. Trade representative in the second trump administration.

He's somebody he's a lawyer now a king and spalding, but somebody who's viewed as very pretty ff uh and somebody who will execute the trump agenda clearly. But now it's setting up this interesting dynamic where we've got the U. S.

Trade representative as a former chief of staff. The present elector said that Howard latinic will be kind of overseeing trade policy, so not clear exactly in this structure whether the U. S. T, R. Reports to lutnick by law, he reports to the president into congress, so a little bit unclear who's in charge of the trade gender.

And of course, IT opens up a big question now as to what happens with Robert light, the obviously a key, key economic advisor to Donald trump, during the interregnum period when trump was out of office and as U. S. Trade representative in the first trump term.

What happens to Robert light? S. S. R, now, what role does trump in vision a light hides are having in the second term? All of that are now is sort of up for grabs as a lot of these economic jobs in the trump administration, including treasury secretary, U S T R, national economic council, those jobs have now all been designated to other people. Guys, back of you.

So even the other question that I had was, no, you look at Kevin has said who we've not a long time and the wall street loves Kevin has said, I think for the most part um I think all really likes you got they have, I think, more moderate views, if you will, about some of the economic policies around terrorists and things like that. And so whether you think that there is going to be a relatively .

mother ultimately relative relative to trump world moderates but not necessarily relative to wall street.

oh yes, no, no. But i'm saying in terms of where perhaps the Howard lettuce or robbert light hazard would be, they have made comments, including Kevin hasn't recently mates of comments, partly golden sex because they put A A report together talking about how he didn't think that the terrorists would be put on necessarily a the way they were being described during the campaign in the like. And so I just ask how you think that that sort of these relationships manifest, that manifest themselves, or whether you think they really do start to knock into each other?

Well, I mean, I think they start to knock into each other inside the trump world and that sort of the history of how trump has Operated. And if you're looking to read the t lives here, I mean, you know, you could position this is sort of the triumph the trump moderates here with has IT getting national economic council, uh, best in getting treasury secretary of those are people who are no doubt, uh, advocates of the trump trade agenda, but seen by wall street as more as more modern as you say. And they are now the ones taking these very powerful jobs.

That said, you know, there was this wiggle room where best in was clearly the leading choice to get treasury y and then just didn't get IT for like a week week and a half period of time where there were people inside trump world who are arguing that he was insufficient, committed to the tera agenda and pointing to his interview with you and rew the day after the election, where he sort of indicated that maybe terrorists would be faced in a IT rolled out in a staggering is, you know, not something that would happen immediately that was seen by some people in trump and as you know, insufficient commitment to what trump wants to do. And then you saw a trump earlier this week say, i'm putting terms on canada, china, mexico in a big way right away on day one. You know, those things are at odds with each other to some degree, to some degree.

Now I think best and was able to explain to the president elect that he is committed to that agenda. He went answer of a mini publicity tour on fox and other places making that case. So h all of these people have pledged a that they are committed to the trump agenda. The question is just how committed and you know are there across cutting forces inside the administration? I I think clearly they're be hey.

amen. Just looking at wall street, the reaction, wall street has taken all of this and stride. There hasn't been any sort of serious pullback or concern with the markets at that point. And even what president elect trump has rolled out at this point.

The idea of twenty five percent turfs that would take place with mexico and canada on day one, the idea with ten percent from china if they don't CoOperate and try and stop them, the flow of fit nall in to mexico that then winds its way up here I think wall street looked at that and thought, okay. There were already senses that came from the mexican president, the canadian prime minister um and that sounds like it's a negotiation that's already underplay that. That sounds like exactly what Scott does not laid out what he was talking about.

Some of these things kind of rolling and ating. I don't look at the announcement that came on truth social laying these things out as being the hard case for what will necessarily happen or that will stay in place through the course of trumps presidency. IT sounded like a negotiation.

Yeah, I think that's the right way to read IT back. I mean, clearly the president alec is already trying to bring mexico in canada to the table for a renegotiation of the trade deal that he did with them back in two and twenty. That's up for negotiation in twenty six.

He clearly thinks he can get Better terms this time that he got back in twenty and wants to redo the deal. And this is his way of forcing them to the table. We'll see if that works.

Or if I just sets up this dynamic where you now get mexico and canada putting trade restrictions or other restrictions on us goods, that could backfire in a way. But clearly, the president and electives saying, i'm going to a signal these tabs are coming and then see what I can get at the negotiating table, you know for best in. And Kevin has IT know that's probably where they want him to be using these things to get U.

S. National interest taking care of, but not necessarily experiencing the downside effect of putting them in. I think wall street took IT all with the grain assault because the goal here was like transparently unattainable. Know the idea that if you you going have to have these government eliminate fit, all coming into the united states seems highly unrealistic when the fence als being traffic by transnational criminal gangs who are difficult to find the you know, if that's your bar for time, but they might .

never get there, right?

If you're making strides .

towards stopping illegal immigration at your borders, if you're making strides at trying to crack down on the drug trade, I mean, to me that's what a red like I I don't know about you, but I read IT is okay. If you can show that you're making strides on this, maybe maybe those terror would later come down and be wiped away.

Yeah it's just not clear you know exactly where the bar is, but he's talking about you know the elimination of migration, the elimination of fit now coming into the united states. Those things are very tRicky to achieve, of course um you know and it's not clear at what point would trump take the tyre off off if he believes that the terrorists are a good thing for U. S.

Economic policy, which he clearly does a good thing for rebuilding american manufacturing and the american heartland. All those things are trump priorities, even if you achieve this huge goal of getting to know of out of the country, you're still going to want to have the terrible in place because that's your agenda. That's what you think is important to do to rebuild american economy.

So he he set up the attention between these two goals that he has, whereas if he achieves one, he can have the other necessarily a and IT seems clear that truck will want the tariff until he sees, you know, U. S. Manufacturing being rebuilt in some significant way. That could be years off into the future. You know whatever happens with vent nall in migration.

IT is a longer conversation and we're gonna three hours to talk about IT. Thank you for joining us so early this morning.

You back cnbc has learned that OpenAI is .

allowing employees to sell a roughly one and a half billion dollars worth of shares and a new tender offer a soft bank that allow soft bank to take a larger stake in the A I start up and that enables les current and former OpenAI employees to cash out their short shares. Source is tells a nbc that soft k CEO musson was persistent and asking for a larger stake in the after investing half a billion dollars in open eyes last funding round.

It's really interesting backy, because this part of you, if you're running company like this that want to allow your your employees to get out or at least little self some shares at these remarkable evaluations, but there's part of you that I would imagine we would want to keep your employees in this. There have been a whole number rounds where a lot of employees have been able to sell over time. And I just wonder what that's done because it's it's sort of shifted the game of actually ever having to go public, Frankly.

right? It's the waiting for good, although you can keep your employees waiting for forever for these things.

But who are we speaking to? Just last week, under somebody who was talking about how his biggest concern of was at in video, was the idea that the employees there have made so much money on their shares that they don't have to stick around that you know, finding talent is the hardest thing to do and helping that talent in place, which is kind of an interesting perspective on this. You've watched IT with companies like a amazon, microsoft all along the way. If you can get out in the market, you you really only hold one of the employees that really are doing this because they love IT.

So that's the good right on one side, that's the good news. But the others, I think in the old days and maybe i'm wrong, I think the folks who if you had to wait until the company when public, typically to get out, and so there was a sort of incentive to stay. Now maybe that was the wrong incentive.

Yah yeah yeah. The bad news, bad news. The the shareholders who just buy the opening, like you get a whole base of employees who have been waiting around.

And as soon as the of the IPO takes place and they can then sell their stock at some point, maybe they're all out the door. Maybe there is a gradual way to weed out people who who are you in IT for the love of doing IT who were here to make money. But it's a tough thing to keep people employed. You gotta wonder for for everybody, would you say if you didn't need, if you didn't need the money.

Keys will be next, next on school pod, iconic betrayer, author and colonies. Hagnon joins us, her perspective on america's journey to twenty twenty four and where our politics go next.

In the old america, you'd say, the democratic party, what's that? And people could not tell you what IT is, the party of the little guy, the party of bigger spending. A is certainly, as of the sixties, the empta e war party. Those issues have kind of been stolen by the trump, an republicans.

Why SHE finally agreed to meet are again elected president Donald trump and what he thought right after this.

Our goal is to empower you to be a Better investment. u. James teachings, I was able to learn and .

become financially independent in my retirement.

Join the cloud with jim s best deal of the year at cnb C2Com sla sh clu b for a d ay. Terms of restrict and supply. Welcome back to school d, where we're speaking to an american whose words truly have shaped our country.

She's spent her declarations column for the wall street journal since two thousand. SHE wrote running reagans d day anniversary speech, his famous address after the space shuttle chAllenger exploded and his farewell speech. She's written ten books on american history and culture, and now she's a small box guest. Here's becket quite and Andrew ross sorkin earn next .

guest is joining us away and on the state of U. S. Politics in the mood of the country post election, we want to welcome wall street journal holders Peggy non IT SHE, of course, as a former special assistant to and speechwriter for president Ronald reagan.

She's got a new book out. It's called a certain idea of amErica that is a collection of the column she's written for the world street journal over almost the last quarter century. That is twenty four years now. Peggy, first of all, welcome.

IT is great and big here. And thank you. IT is for me also.

I mean, as a as a writer myself, I marvel at what you are able to do the way you write um how you touch a nerve with people, you touch a nerve with me and how you do IT again and again, week after week I am blown away I think this collection of columns is is something marvel what brought you to bring this book .

together well thank you, Becky, for everything you just said. Um you know the the economy itself has become just very central to my professional life in anywhere is you mention IT will be twenty five years as a columnist at the journal and they publisher came to me and said, let's take a look at the past few years and see if we don't see some things and ideas in this and and make IT into something and so I said yes and we went through about four hundred columns that shows about ninety of them.

IT was really something to go through these boxes and and find all this stuff. But we chose about ninety of them and found that the really big themes is very funny, you know, is a writer. You don't quite know what your obsessions are until you look back at the past few years of your writing and you find out your obsessions I am obsessed with history and all of its themes in the civil war and great men and women who somehow either were sterling individuals and sterling artists uh like paul time and and bob to and tom wolf or people regular humans who had a sterling moment that when you look into a just excites you to see what what would you say about .

where we stand right now at this moment in our time is history of someone who is obsessed, you say, with history and yeah clearly someone who has always focused on politics and the mood of the country. Where are we right now? Yeah ah we're .

at an interesting point. I think perhaps we don't notice enough. A number of us are still uh inclined to see the twenty first century.

Is this new thing? We've stepped into honey work quarter of the way through the twenty first thirty january, and we've made some big political decisions. And one of the things we did within this twenty first century is throw off all establishments.

But what we are beginning and what will take the place is not completely um clear. But men were at a hinge point. Goodbye to that. We're building this.

Yeah you wrote recently in a column that you think that this is a sign of amErica becoming more conservative. And i've been got to mulling that over. I can see that in some ways, but I also feel like this is A A move where the democratic party just moved so far left and left a lot of people behind.

Yeah, I think that's true. And I think the democrats to have a lot of thinking to do, they, I believe, have lost their a reputation with regular people on the street in america, by which, I mean, IT used to be in the old america. You say, the democratic party, what's that? And people could kind of tell you what IT is, the party, the little guy, the party of bigger spending, uh is certainly, as of the sixties, the empty I war party.

Those things, those issues have kind of been stolen by the trump ian republicans. And so I think the democratic party, having just suffered a significant um have to sit down and think, are we gonna remake the three things that people understood we stood for. We gonna give three new things that we stand for. So I think the democratic party has a lot of rustling with itself to do.

Hey, Peggy, I was watching an interview that you had done with much my old friend barry wise recently, and you are talking about this meeting that you just had with president trump for the first time, the first time you had ever met him. And I I found IT fascinating IT to listen to you talking about that experience, but also your decision not to want to meet him prior. And i'm curious now that you've met him actually, whether you think IT actually has changed any of your perspective about him.

Uh, I think I was. So I was babbling away on a stage with very wise and SHE SHE got me bling in in a wonderful interview. She's a great interview. Um I had I had been my judgment and through in twenty fifteen and twenty sixteen that mr.

Trump, who I had not formally met, i'd seen him but i'd not formally met him that he's a kind of riveting and super charming and enduring character, are up close. And I thought, well, i'm a regular political writer and i'm gonna be something tells me i'm gonna be writing about this man for a long time. So I think I do not want to know him and I do not want to watch him from far away.

I want to kind of watch him from a middle distance and get my sense of him from there. So that is what I did but um for eight, seven years, I guess. But eventually I was called into a meeting at which he very very generously and and and appropriate is met with the the um editorial board of the world street journal and I was a little in this here and talking about what I was like to meet him.

I think he was exactly like what I thought he would be. He was most endearing in this sense of he wants you to laugh at his joke. He wants you to listen to him and hear him um he is eager to make a connection. He was hilariously funny in talking always off the record, uh, about or mostly off the record about other world leaders. And he wasn't indeed a riveting character.

Will IT change how you write about him?

H, I think IT only confirmed what I kind of thought. And I think, you know, we have, I guess, long term on feeling this. We have a new president.

Just more than fifty percent of the american people voted for him and chose him. If you are an american, you pray for that person who is your new president and hope that everything will go well. Cheer what you think is a Victory. Point out what you think is bad and does not work, or is a wicket actor in a responsible one, but just hope for the best and watch closely. I guess peg.

my my follow up to this is we were just talking about and you were discussing what you think the future the democratic party looks like. I'm actually curious what you think the future of the republican party looks like.

I think Donald and his nationalist and populist supporters will be determining that to a good extent. They've already changed the nature of the party by making IT more populist a by changing its assumptions with regard to things like free trade. We can use tariff s now, uh to see if we can Better america's position.

That hasn't been a republican ty um way of thinking for a long time. They are changing the party if IT is a success, if four years and five years six ah IT looks like these things were needed and good, then that will determine the real, that will finalize the nature of the republican party for the future. IT seems to me until another revolution comes along, if IT does not work back to the drawing board as the democrats are Peggy on and.

uh, one of the great must reads of all time, we are so grateful to have you on the broadcast we want wish you a happy think's giving good luck with the book and we hope we get opportunities you again soon.

Thank you too. Thank you guys very much.

Next on square pod, it's the countdown to thanksgiving. So folks across amErica are calling the turkey talk line butterball turkey experts are standing by with tips on all things defrosting and brining Better bol's turkey talk line b died into.

So where are the lifeline for people, whether they just want some advice and they have maybe done in a million times, but they want to make sure they're doing IT, right? For the first time book that says, i've never done this before, how can you do IT? We will walk you through the entire process and make IT as painless as possible.

Welcome back to .

school pod taking kicking .

off the holiday season with the school tradition of our own. Here's Becky quick .

this thanksgiving. Like every year since one thousand nine hundred eighty one, butterball is guiding holiday cooks with everything from tips to emergency advice through the turkey talk line. This is an annual tradition of hours to check in with the turkey experts.

And neither bill iland. Oi, and joining us right now live from the button. All talk line is bill knowen. Bill, happy thanksgiving ing. IT is good to see you again, sir.

Happy thanksgiving back. It's good to be with you as well or happy or excited. Our workers are coming in this morning getting ready to take those calls and answer those questions.

So much of the world is moving to streaming. The internet plays a big role. But you guys, I think you're getting as many calls as ever through the turkey talk line.

how? How was the turkey talk line kind of internet proof? Why do people still call you?

I think the secret is people want to talk to a real human being. We've adapted over time with technology. We know we that we take questions through text, through uh email, through life.

But really the phones are that still the boy the backbone of the talk line? People want to call one hundred butter ball. They want to talk to a real human being.

Were here throughout the week. We were here last or nine o'clock. I'll be here tonight or nine o'clock. We'll be here all day tomorrow. So we're the lifeline for people whether they just want some advice and they maybe done in a million times, but they want to make sure they're doing IT right. Or the first time cook that says i've never done this before, how can you do IT? We will walk you through the entire process and make IT as painless as 他 实话。

Maybe we should talk about some of those stories because that's probably the best stuff out of what you guys are doing is the real human experience and stories that you're getting on some of these things. I would guess you get calls from first timer. What are some of the crazy st questions you all have been asked?

Well, a lot of people, you know, turkey y is a funny thing because people only have at once or twice a year and it's intimidating. That's that's the perfect word. I mean, you take a look at IT. It's it's a large piece of meat to cook and people say how i'm going to do this.

How am I gna throw that out? Our number one question on the talk line is, how do I thought my turkey? And the good news being that they were this closed into the holiday right now is there is a quick way to do IT, which is a cold water method that you leave the turkey in.

The rapper put IT in the sink, filled up with cold water, and change that water every thirty minutes, and you can thought that turkey out in a matter of hours instead of a matter of days in the refrigerator. So this is great to the people that forgot to buy a turkey, forgot to take IT out of the freezer. And exciting this year is another option we have, which is our cook from frozen, which is rolled out in select markets.

People can go to the butterball 点 com website and take a look at the top of the website were wear to buy， and click down to see if it's available in your area. But you take IT out of the bag, take IT out of the international PPT up IT into three hundred fifty degree oven in in about four hours. You've got a perfectly cooked turkey, which is takes a lot of that headache of flowing out off the table for you.

I've read some of the stories where you all talk about some of the funny questions that get asked for people with somebody said, called, a guy called, said, my turkeys frozen. What do I do? He was asked, what? what? What state is the turkey in? And he answered, florida I i've seen questions about people wanting to know if they could saw the turkey with an electric blank get out if they should be washing IT with dish soap in the sink.

But I think the best story that i've ever heard is is one that you told along the line. When where went on there were you ve got a call from a newly widows man who was trying to put IT his thanksgiving turkey together. What happened with their car?

Yeah, that was, that was my first year on the top line. And I got this call from the gentleman. I was on a wednesday night and night before thanksgiving. As he said, he was nearly widow and he he wanted to make the turkey he'd never cooked before and his wife fast away in the previous year and he want to make that turkey and he had no idea what to do.

So I walked in through the entire process and I told him, write this all down um but most important, call us back tomorrow if you need help but he felt pretty confident by the end. We can literally take people from start to finish. And when you can do something like that for somebody makes you feel like you're making a difference and you know it's not rocket science what we do, but if you're helping people that put on a great meal, that's what butterball is all about. It's like sharing the love, passing on the love to people and making things, uh, real you know the holidays are for being together and spent a tough year and we want to make people happy and have a good meal on their .

table and we are grateful for IT is the true spirit of thanksgiving being thankful and and giving back. And what you and your team is doing is, is really something which point out you're doing this again all day tomorrow on thankful skiving bill nolan, thank you to you and your team and happy thanksgiving.

thanks. Expected good to be worthy happy things living to you as well.

That's the pod for today. Thank you for listening. Squat box is hosted by joe turnin, Becky ick and Andrew ross con every weekday morning on cnbc.

Want to thank all of our viewers who join us every day. We are thankful for you. We hope you have a wonderful holiday season. We're thankful for our staff and you two, Andrew.

thankful for all of us.

you great guys. Happy thanksgiving.

And here on the podcast, we're grateful for you, our listeners. Thank you for sticking with us, whether it's been for the past four years or the past six. Keep coming back, and thank you to our team. This podcast is produced by myself, kd cramer and Cameron costa. And our fantastic editor, john leria worked his magic on the episode happy thanksgiving and tune in the rest of the week, we'll have more squared to help you digest.