Donald Trump Jr., “GrabAGun” SPAC, & Tom LLamas on Nightly News 6/3/25

GOP leaders are working to finalize President Trump’s cornerstone legislation: a massive tax bill, with Speaker Mike Johnson pushing for a floor vote in the House as early as tonight. CNBC’s Emily Wilkins reports the latest developments from Washington. Deputy Treasury Secretary and Acting IRS Commissioner Michael Faulkender discusses the reconciliation bill, budget details, Medicaid reforms, efforts to reduce the federal deficit, the state of the IRS, and plans to modernize the agency. And, internet search is changing drastically; Cloudflare co-founder and CEO Matthew Prince weighs the impact of zero-click searches – where a user gets answers and information without further links and AI’s disruption of the search  and creator economies.  Meanwhile, Target lowers its sales outlook, citing tariff uncertainty and backlash over its DEI policy rollback. Plus, the FAA extends flight restrictions at Newark airport through June due to an air traffic controller shortage and ongoing technical issues. Michael Faulkender    25:46Matthew Prince       40:04 Emily Wilkins, @emrwilkinsCourtney Reagan, @courtreaganMichael Faulkender, @TreasuryDepSecJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie

21 Maj 44min

After conducting over 300 interviews and spending seven years reporting on artificial intelligence, tech journalist and Empire of AI author Karen Hao discusses the story behind OpenAI and its founder Sam Altman, the current state of AI development, the potential risks and benefits of the technology, and the company's relationship with Microsoft. Then, Mike Gallagher, head of defense at Palantir Technologies and former U.S. Congressman, shares insights on the U.S.-China tech conflict, the dangers of using Huawei chips, the role of American companies operating in China, and the future of Taiwan. Plus, Home Depot reaffirmed its full-year guidance and said it will not raise prices due to tariffs, and Republicans are making progress on advancing a bill aligned with former President Trump’s agenda in the House. Mike Gallagher 19:52Karen Hao  29:20 Emily Wilkins,@emrwilkinsMike Gallagher, @RepGallagherKaren Hao, @_KarenHaoBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinZach Vallese, @zachvallese

20 Maj 35min

The House Budget Committee advanced President Trump’s multi trillion-dollar domestic policy package Sunday night, just two days after conservatives voted to reject it. CNBC’s Eamon Javers reports on this and President Trump’s clash with Walmart over tariff-driven price hikes. Walter Isaacson, biographer and Tulane professor, discusses gene editing breakthroughs and biotech innovation amid federal funding cuts, as well as the White House’s relationship with corporate America’s leaders. Then, Business Roundtable CEO Josh Bolten weighs in on how CEOs are responding to Trump-era policies, including the President’s trade agenda. Plus, Regeneron Pharmaceuticals has announced plans to acquire most of 23andMe’s assets for $256 million. Walter Issacson       18:22Josh Bolten          28:39 In this episode:Eamon Javers, @EamonJaversWalter Isaacson, @WalterIsaacsonBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinZach Vallese, @zachvallese

19 Maj 36min

As President Trump wraps up his trip to the Middle East, Yale’s School of Management Jeffrey Sonnenfeld discusses the president’s comments about Apple CEO Tim Cook, as well as what they indicate about the relationships between corner offices and the oval office. Galaxy’s Mike Novogratz has been a crypto bull for years; today, his company lists on the Nasdaq in the latest chapter of society’s “orange pilling” of crypto. Novogratz discusses the mainstream adoption of blockchain technology and macroeconomics. CNBC’s MacKenzie Sigalos shares Eric Trump’s comments on his family’s bitcoin venture. Plus, cable companies Charter and Cox are merging, New Jersey Transit engineers are on strike, and Tiktok has launched a guided meditation for kids.  Jeffrey Sonnenfeld - 13:29MacKenzie Sigalos - 24:25Mike Novogratz - 27:18 In this episode: Michael Novogratz, @novogratzMacKenzie Sigalos, @KenzieSigalosKelly Evans, @KellyCNBCAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY

16 Maj 34min

Reddit co-founder Alexis Ohanian is doubling down on his bets on women’s sports with a minority stake in the Chelsea Women FC. Ohanian discusses the future of sports and media, as well as the latest controversy over AI bots on Reddit. In Qatar, President Trump has a bone to pick with Apple CEO Tim Cook, and investor Steve Cohen made a call about the likelihood of recession at the Sohn Conference in New York. Plus, Warren Buffett has explained why he’s ready to step down from Berkshire Hathaway, and Dick’s Sporting Goods has agreed to buy Foot Locker.  Alexis Ohanian - 17:24 In this episode:Alexis Ohanian, @alexisohanianKelly Evans, @KellyCNBCJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie

15 Maj 29min

As President Trump begins his second day in the Middle East, lawmakers in the House in Washington are working out the details of a reconciliation bill. Former Speaker Kevin McCarthy explains what’s on the table and what’s likely to pass, this time around. He also discusses the growing concerns about the Qatari royal family’s offer to gift President Trump a plane to replace Air Force One. Retired Commander of the U.S. forces in Afghanistan General Stanley McChrystal discusses the current character of America, including partisan politics. Plus, Tesla CEO Elon Musk may have a new pay package option, fintech Chime has filed for an IPO, and the FAA will meet with major airlines to discuss solutions to issues at Newark Liberty International Airport.  General Stanley McChrystal 12:52Kevin McCarthy 25:07 In this episode:Joe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie

14 Maj 33min

Senator Ted Cruz (R-Texas) is pitching a universal savings account starting at birth, and he has a partner in Silicon Valley: Altimeter’s Brad Gerstner. Gerstner is in Riyadh, Saudi Arabia, as the Saudi-U.S. Investment Forum kicks off with President Trump, Elon Musk, OpenAI’s Sam Altman, Nvidia’s Jensen Huang, and many other CEOs and leaders. At the Newark Liberty International Airport, flights are delayed amid communication issues and a shortage of air traffic controllers. Transportation Secretary Sean Duffy explains the many issues facing America’s air traffic system, including outdated technology and a backlog of air traffic controllers in training. Plus, House Republicans are inching closer to a tax plan.  Sen. Ted Cruz & Brad Gerstner - 15:37Sec. Sean Duffy - 35:07 In this episode:Sean Duffy, @SecDuffyTed Cruz, @SenTedCruzBrad Gerstner, @altcapBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie

13 Maj 46min

After a weekend of negotiations in Switzerland, the U.S. and China have agreed to a 90-day pause on most of their tariffs. Treasury Secretary Scott Bessent was in the negotiating room, and in his first interview since the meeting, he suggests more meetings between the countries are still to come. CNBC’s Julianna Tatelbaum reports on the news from Geneva, and stateside, the markets recovered most of their losses since March 2nd in early trading immediately following the truce. CNBC’s Phil LeBeau reports on the ground delay currently in effect at Newark Liberty International, the latest issue for the beleaguered airport. Plus, according to sources, President Trump is poised to accept a luxury jet from the Qatari royal family, which he would then use as Air Force One.  Julianna Tatelbaum - 04:41Scott Bessent - 17:43Phil LeBeau - 32:26 In this episode:Scott Bessent, @SecScottBessentPhil LeBeau, @LebeaucarnewsJulianna Tatelbaum, @CNBCJuliannaBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie

12 Maj 38min