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Altimeter's Brad Gerstner: The economy is ready to cook
CNBC Television· 2025-06-12 20:30
So Brad Gersonner, it's good to have you back. Uh, and it's great timing and no offense taken at the fact that you'll only wear a suit if you're going to the White House. I sort of figured that and this is what I expected you to be in today.And we'll get to all of that a little bit later. Uh, but I do want your current market view because I know you did get more bullish on these markets towards the end of April and into early May. And here we are.As I said at the very top, we're just a couple of percentage ...
Former NEC Director Gary Cohn: Price increases will take time to work through the economy
CNBC Television· 2025-06-12 13:06
>> Join us now for a look at the economy, trade, the budget bill and much more. IBM Vice chairman Gary Cohn was in the white House, the first Trump administration as NSC director. Long career at one of the preeminent firms obviously on Wall Street, Goldman Sachs.So you know what you're talking about in terms of things and you're not part of the administration anymore. So I think you'll you know, you won't be you won't feel like you have to say great things. But I mean, why is this keep happening every singl ...
Sen. Shelley Moore Capito: Not expecting any 'radical' changes to GOP reconciliation bill
CNBC Television· 2025-06-12 12:31
Legislative Action & Political Strategy - The Senate is working on changes to the House-passed reconciliation bill with a July 4th deadline [1][2] - The Senate aims to make changes to the bill, but they are not expected to be radical [4] - Senate leadership is actively listening to members' concerns and incorporating ideas to ensure the bill's passage [5][6] - Securing the border, national security, and energy are key priorities for the bill [3] Fiscal & Economic Considerations - The bill is considered important for the economy and the prosperity of many people [6] - Maintaining current tax levels is a priority [3] Benefit Programs & Healthcare - Focus on ensuring benefits reach those who deserve and need them, specifically regarding SNAP and Medicaid [8][13] - Addressing waste, fraud, and abuse within benefit programs is crucial [9] - States are on tight budgets, and the federal government will consider this when implementing changes to programs like SNAP [10] - Medicaid is the fastest-growing part of the healthcare system and needs to be controlled [15] - Implementing work requirements and more frequent eligibility attestations for Medicaid beneficiaries are being considered [14] - The expansion of Medicaid under the Affordable Care Act is being reviewed to preserve benefits for those who qualify [13]