Leverage in the U.S. & China, Affirm CEO Max Levchin 5/9/25

In the latest global trade war development, India could be ready for a trade deal with the U.S. Ahead of the trade negotiations between the U.S. and China this weekend, CNBC contributor Michelle Caruso-Cabrera discusses the leverage of each nation and her observations on her recent trip to China with the Brookings Institution. In Washington, Emily Wilkins reports on the GOP’s tax package, including President Trump’s idea to raise taxes on top earners. Plus, shares of buy now, pay later platform Affirm fell after the company reported a beat on quarterly earnings but a disappointing revenue forecast. CEO and PayPal co-founder Max Levchin discusses the state of consumer spending, the rate of loan repayment delinquencies, and the evolution of payments.

Emily Wilkins - 07:19

Max Levchin - 16:10

Michelle Caruso-Cabrera - 27:18

In this episode:

Michelle Caruso-Cabrera, @MCaruso_Cabrera

Max Levchin, @mlevchin

Becky Quick, @BeckyQuick
Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Cameron Costa, @CameronCostaNY

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