Make American Shipbuilding Great Again
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Market rotation, the Fed's Kevins, Netflix's 'Star Wars' moment and more in Morning Squawk
CNBC· 2025-12-15 13:22
Group 1: Federal Reserve Leadership - Former Federal Reserve Governor Kevin Warsh is a leading candidate to succeed Jerome Powell as Fed chair, alongside National Economic Council Director Kevin Hassett [2][3] - President Trump emphasized the importance of the next Fed chair consulting with him on interest rate decisions, asserting that his voice should be considered [2] Group 2: FDA Travel During Government Shutdown - A CNBC investigation revealed that 31 FDA staff members traveled to Singapore for a conference during a record-setting government shutdown, costing the agency over $250,000, or nearly $8,000 per attendee [4][5] - The trip was deemed "mission critical" by the FDA, despite the agency facing staffing and resource constraints due to the 43-day shutdown and a proposed 11.5% budget cut [5] Group 3: U.S. Shipbuilding Industry - The Trump administration aims to revitalize the U.S. shipbuilding industry, which currently lags behind China, capturing only 25% of new ship orders and having significantly less building capacity [7][8] - To enhance domestic shipbuilding, the administration is seeking partnerships with international companies, such as South Korea's Hanwha, indicating that foreign expertise is necessary for success [8] Group 4: Netflix and "Stranger Things" - Netflix is set to release the final episodes of "Stranger Things," marking a significant milestone for the streaming platform, which has developed numerous partnerships related to the series [10][11] - The franchise is viewed as a pivotal moment for Netflix, comparable to a "Star Wars" moment, due to its cultural impact and contribution to live events [11]