Host Joe Kernen and guest, former SEC Chair Jay Clayton, declared on Wednesday that President Joe Biden should have full and complete ownership of the affordability crisis that is currently facing many Americans.
Kernen raised the issue early Wednesday morning on &#8220;Squawk Box,&#8221; arguing that the economy under President Donald Trump was still struggling under some of the baggage Biden&#8217;s economic policies had left behind.
WATCH:
<blockquote class="twitter-tweet">
Joe Kernen: &#8220;The affordability issue is from the 22% increase in prices under Biden—full stop.&#8221;
Former SEC Chair Jay Clayton: &#8220;[Trump was] thrown, what I would say, the worst economy for the average American in my adult lifetime.&#8221; <a href="https://t.co/5vljwi1KPm">pic.twitter.com/5vljwi1KPm</a>
— Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1998747159592566930?ref_src=twsrc%5Etfw">December 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
&#8220;The affordability issue is from the 22% increase in prices and inflation under Biden, there&#8217;s just — full stop, right there. That&#8217;s the affordability issue — and you gotta be able to explain that,&#8221; Kernen said.
&#8220;That&#8217;s right,&#8221; Clayton agreed. &#8220;And look, I think that with the economic team — President Trump and the economic team led by Scott Bessent — you have people who very much understand this. And it was a — they were thrown, what I would say, the worst economy for the average American in my adult lifetime, in terms of like you said, the incredible increase in prices at the household.&#8221;
<a class="c-link" href="https://get.dailywire.com/subscribe/plus/?utm_medium=website&amp;utm_source=editorial&amp;utm_campaign=christmas&amp;utm_content=christmassale25" target="_blank" rel="noopener noreferrer" data-stringify-link="https://get.dailywire.com/subscribe/plus/?utm_medium=website&amp;utm_source=editorial&amp;utm_campaign=christmas&amp;utm_content=christmassale25" data-sk="tooltip_parent">Christmas Sale &#8211; Get 40% off New DailyWire+ Annual Memberships</a>
The Trump administration has been talking a lot about the idea of affordability, particularly in the wake of New York City&#8217;s election of Democratic socialist Zohran Mamdani, who ran on a platform focused on that. And while not all prices have come down as quickly as many would have liked, gas prices have been on a steady decline, and the rollback of Biden-era &#8220;green&#8221; energy standards could soon pay off for consumers in the market for new automobiles.
&#8220;Lower energy, lower regulation&#8230; [eliminated] CAFE standards&#8230; That&#8217;s going to reduce the price of cars by, we estimate, between $1,000-$2,000 for the typical car,&#8221; Kevin Hassett explained.
<blockquote class="twitter-tweet">
NEC Director Kevin Hassett on <a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a>&#8216; moves to lower costs: &#8220;Lower energy, lower regulation&#8230; [eliminated] CAFE standards&#8230; That&#8217;s going to reduce the price of cars by, we estimate, between $1,000-$2,000 for the typical car.&#8221; <a href="https://t.co/xFspIRrWNg">pic.twitter.com/xFspIRrWNg</a>
— Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1998504308833399258?ref_src=twsrc%5Etfw">December 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Joe Biden

CNBC Panel Says Biden Owns The Affordability Crisis: ‘Full Stop’

CNBC

Economy

Media

Politics

House Minority Leader Hakeem Jeffries (D-NY) earned an annoyed eye roll from CNBC anchor Becky Quick as they squared off over health care during a Friday morning appearance on &#8220;Squawk Box.&#8221;
Quick and Jeffries were discussing the apparent impasse between Republicans and Democrats over the Affordable Care Act — and how long an extension they might approve for the COVID-era subsidies — and Quick tried several times to point out that some Republicans were willing to work out a deal, but Democrats were still trying to make demands.
WATCH:
<blockquote class="twitter-tweet">
Incredible exchange here as Hakeem Jeffries gets IRATE with CNBC’s Becky Quick for daring to press him on his robotic ACA talking points:
Quick: *Cuts Jeffries off to try to make him actually answer a question*
Jeffries: “You can ask the question, I’ll provide the answer!&#8221;… <a href="https://t.co/gegocDMQja">pic.twitter.com/gegocDMQja</a>
— Western Lensman (@WesternLensman) <a href="https://twitter.com/WesternLensman/status/1991880057250251121?ref_src=twsrc%5Etfw">November 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Quick began by pointing out that there was already at least one bipartisan measure — supported by Reps. Tom Suozzi (D-NY) and Don Bacon (R-NE) — that had been proposed, offering a two-year extension to the subsidies in question. That would double the extension that Democrats had pitched weeks earlier — one year — as a potential shutdown-ending deal.
&#8220;If you want to get done, you are going to need at least some Republicans to come over, why not start with a one-year extension or potentially even a two-year extension?” Quick asked, noting that a three-year extension was likely to be “dead in the water.&#8221;
Jeffries balked, noting that Democrats had already tried promising to end the shutdown in exchange for a one-year extension, but that Republicans had turned that down.
Right now, DailyWire+ annual memberships are fifty percent off during our Black Friday sale. Join now at <a class="c-link c-link--focus-visible c-link--underline" href="http://dailywire.com/blackfriday" target="_blank" rel="noopener noreferrer" data-stringify-link="http://dailywire.com/blackfriday" data-sk="tooltip_parent">dailywire.com/blackfriday</a>.
&#8220;That’s different. I’m talking about what you have now. Let’s not go back to what’s done in the past and what has not been extended. If you want to get something that it has actually done, you need to do something that will have bipartisan effect,&#8221; Quick pushed back.
&#8220;You can ask me the question. I’ll provide the answer,&#8221; Jeffries said.
&#8220;Answer the question instead of going back,&#8221; Quick pressed.
&#8220;I’m providing an answer in order to provide context,&#8221; Jeffries argued, prompting an annoyed eye roll from Quick. &#8220;Republicans have repeatedly refused to take yes for an answer. It was a very reasonable multi-year extension that was offered. It was one year straight extension, plus a multi-year process through a bipartisan commission to more permanently resolve the Affordable Care Act issue. So having that context is absolutely important, regardless of what you may think.&#8221;
&#8220;It’s important context to make me realize that I don’t think you want to get a deal done,&#8221; Quick replied. &#8220;I think this is something where you’d like to see the rates go higher and allow the Republicans to hang themselves with that. Is that the answer? Is this politics?&#8221;
Jeffries bristled: &#8220;That’s absolutely a ridiculous assertion, and really shame on you for saying that.&#8221;
&#8220;Three years is not going to get passed, so what do you do?&#8221; Quick asked again.
Jeffries repeatedly claimed that the issue was &#8220;patriotic&#8221; rather than &#8220;partisan,&#8221; but failed to acknowledge the fact that both the one-year extension offered by Senate Democrats and the three-year extension he appeared to be set on would guarantee that Republicans would have to address the same subsidy fight in an election year. The two year extension — to which he seemed adamantly opposed — was the only offer on the table that would put the next subsidy battle in an off year.

House Minority Leader Hakeem Jeffries (D-NY) Holds News Conference

Hakeem Jeffries Earns Annoyed Eye Roll From CNBC Anchor

Hakeem Jeffries

Obamacare

Senator Rubén Gallego (D-AZ) became visibly agitated when CNBC host Joe Kernen confronted him directly on how he&#8217;d responded to government shutdowns in the past — particularly when Republicans had been the ones making demands — and Kernen ultimately pulled the plug on the entire interview.
&#8220;If Republicans shut down the government the next time Democrats are in charge to extract whatever it is that they happen to want —&#8221; Kernen began.
&#8220;Like they did last time?&#8221; Gallego interrupted.
&#8220;Are you saying that&#8217;s okay? Are you saying that&#8217;s okay if they do that next time?&#8221; Kernen asked.
&#8220;Republicans have done this quite a while, yes,&#8221; Gallego claimed.
&#8220;What did you say about it when they did it?&#8221; Kernen asked.
&#8220;I don&#8217;t know and I don&#8217;t care,&#8221; Gallego shot back.
WATCH:
<blockquote class="twitter-tweet">
&#8220;I don&#8217;t know and I don&#8217;t care,&#8221; says petulant baby <a href="https://twitter.com/RubenGallego?ref_src=twsrc%5Etfw">@RubenGallego</a> when asked about his past shutdown comments.
Here&#8217;s a reminder —
2013: You can&#8217;t &#8220;shutdown the government&#8230; and still claim to be a Patriot&#8221;
2019: &#8220;Putting the country in danger&#8221;
2023: &#8220;Put country before… <a href="https://t.co/JbA7aU1M2B">pic.twitter.com/JbA7aU1M2B</a>
— Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1982820587664773395?ref_src=twsrc%5Etfw">October 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The interview did not get less contentious from there.
Join us now during our exclusive Deal of the Decade. Get everything for $7 a month. Not as fans. As fighters. Go to <a href="https://get.dailywire.com/subscribe/plus/" target="_blank" rel="noopener">DailyWire.com/Subscribe</a> to join now.
Kernen and Gallego clashed over Democrats&#8217; demands for reopening the government, in large part because Gallego claimed Democrats were not making any demands and then in the same breath explained what he and other Democrats &#8220;want&#8221; before they&#8217;ll vote to reopen the government.
WATCH:
<blockquote class="twitter-tweet">
Senator Gallego (D-AZ) claims Democrats aren&#8217;t &#8220;demanding anything&#8221; to reopen the government.
This is a lie.
Democrats have spent the last month demanding a plethora of things, including $1.5T in spending, which could allow illegal aliens to receive taxpayer-funded healthcare. <a href="https://t.co/IiZdP4U8Dt">pic.twitter.com/IiZdP4U8Dt</a>
— Media Lies (@MediasLies) <a href="https://twitter.com/MediasLies/status/1982817215616254142?ref_src=twsrc%5Etfw">October 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
&#8220;We’re demanding a very simple thing. … We want to make sure that Americans, 24 million Americans, do not see their insurance premiums doubled,&#8221; Gallego said at first.
&#8220;Well, by not extending [subsidies], it would go up. But what’s the $1.5 trillion, Senator? You could extend those for one year, you could extend the Obamacare subsidies for $40 billion. For 10 years, you can do it for $345 billion. You’re asking for $1.5 trillion.&#8221;
&#8220;I’m sorry, are you an insurance broker?&#8221; Gallego objected, and then insisted that the money was all to prevent increases in premiums.
&#8220;What’s in the $1.5 trillion? You could do it for 10 years, Senator, for $345 billion. What’s the $1.5 trillion that Democrats are demanding to open the government?&#8221; Kernen asked again.
&#8220;We’re not demanding anything. This is just a Republican talking point,&#8221; Gallego claimed. &#8220;All I want is for the ACA to be extended for Americans, for 24 million people to not get their premiums doubled. In Arizona, we are talking about 500,000 people.&#8221;

Ruben Gallego

Dem Loses It When Confronted With His Thoughts On Past Shutdowns: ‘I Don’t Know And I Don’t Care’

Dem Loses It When Confronted With His Thoughts On Past Shutdowns: 'I Don't Know And I Don't Care'

Arizona

Senate Democrats

Senator Elizabeth Warren (D-MA) defended self-described Democratic socialist Zohran Mamdani during a CNBC appearance on Monday, claiming that raising taxes on the rich was the best way to make New York City &#8220;vibrant&#8221; and &#8220;workable&#8221; again.
Warren got into a heated exchange with &#8220;Squawk on the Street&#8221; host David Faber over Mamdani, New York City&#8217;s Democratic mayoral nominee, and his plan to make things in the city more &#8220;affordable&#8221; for the working class by heaping additional taxes on the wealthy and businesses.
WATCH:
<blockquote class="twitter-tweet" data-media-max-width="560">
ELIZABETH WARREN: What Zohran is saying is &#8216;I want people to be able to afford to live in NYC&#8217;
FABER: But raising taxes in order to do it?
WARREN: Oh my goodness! Oh dear! Are you worried that billionaires are going to go hungry? <a href="https://t.co/9FHkAKSv4X">pic.twitter.com/9FHkAKSv4X</a>
— Aaron Rupar (@atrupar) <a href="https://twitter.com/atrupar/status/1952379215233396850?ref_src=twsrc%5Etfw">August 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
&#8220;What Zohran is saying is, &#8216;I want people to be able to afford to live in New York City.&#8217; That’s what keeps it a vibrant city,&#8221; Warren insisted.
&#8220;Nobody disagrees with that, Senator. But raising taxes in order to do it? Why is that the answer?&#8221; Faber wanted to know.
Warren did not defend the plan to raise taxes, but instead asked, &#8220;Oh dear, are you worried that billionaires are going to go hungry?&#8221;
&#8220;No, I’m worried that they’re going to leave and spend their money elsewhere,&#8221; Faber pointed out.
Warren protested, claiming that people had threatened to leave over higher taxes, but made it clear that she didn&#8217;t believe they were likely to follow through on those threats.
&#8220;They’ve threatened to do that over and over—&#8221; she said
&#8220;And they have! And Goldman Sachs, when they create new jobs, they do it in Dallas. And Blackstone won’t build a new headquarters [in New York City]. I could go on and on,&#8221; Faber replied.
One day later — after Warren campaigned alongside Mamdani in New York and claimed he was exactly what the Democratic Party should look like — The New York Post responded with a brutal, front-page skewering of the pair.
&#8220;Today&#8217;s cover: Far left Sen. Warren gushes over NYC mayoral candidate Zohran Mamdani — as other high-profile Dems stay silent,&#8221; the outlet&#8217;s post on X read. The headline, along with a front-page blurb, alluded to <a href="https://www.dailywire.com/news/mamdani-said-he-was-african-american-on-columbia-university-application">dishonest claims</a> made in the past by <a href="https://www.dailywire.com/news/watch-elizabeth-warren-uncomfortably-answers-amanda-prestigiacomo">both politicians</a>.
<blockquote class="twitter-tweet">
Today&#8217;s cover: Far left Sen. Warren gushes over NYC mayoral candidate Zohran Mamdani — as other high-profile Dems stay silent <a href="https://t.co/yT79CjKaE7">https://t.co/yT79CjKaE7</a> <a href="https://t.co/dlMUGwF2xN">pic.twitter.com/dlMUGwF2xN</a>
— New York Post (@nypost) <a href="https://twitter.com/nypost/status/1952682444093636657?ref_src=twsrc%5Etfw">August 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
&#8220;AFRICAN AMERICAN MEETS NATIVE AMERICAN,&#8221; the headline blared in all capital letters, followed by, &#8220;Mamdani and Warren in liars&#8217; summit.&#8221;
Another blurb on the front page added insult to injury: &#8220;Most national Democrats have refused to endorse socialist Zohran Mamdani, but he does have one ally — Elizabeth Warren, who appeared by his side yesterday. The two share the belief that bigger government is the answer to everything — and that lying about your ethnicity on your college application is perfectly fine.&#8221;

US-NEWS-NYC-MAYOR-MAMDANI-DEMOCRATS-NY

Elizabeth Warren Goes To The Mat For Mamdani, But It’s The New York Post With The Takedown

Elizabeth Warren Goes To The Mat For Mamdani, But It's The New York Post With The TKO

Democratic Socialism

Elizabeth Warren

Zohran Mamdani

CNBC hosts Joe Kernen and Rick Santelli tag-teamed a roast of Senator Elizabeth Warren (D-MA) after the second quarter economic numbers came back stronger than expected.
Kernen led the charge, first talking about the positive changes in the economy and then using that to bash Warren for repeatedly claiming — even in the face of evidence to the contrary — that the United States economy was heading into doom and gloom because of President Donald Trump.
WATCH:
<blockquote class="twitter-tweet">
🚨 LMAO! CNBC is currently MOCKING the CRAP out of Democrats and Elizabeth Warren after the latest inflation and strong GDP report.
&#8220;The left, the people who don&#8217;t like the president, don&#8217;t want things to work. Senator Elizabeth Warren will come on and say, &#8216;Inflation is OUT OF… <a href="https://t.co/hz79jZZ9m7">pic.twitter.com/hz79jZZ9m7</a>
— Eric Daugherty (@EricLDaugh) <a href="https://twitter.com/EricLDaugh/status/1950544074311688203?ref_src=twsrc%5Etfw">July 30, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
&#8220;The Left, and the people who don&#8217;t like the president, and don&#8217;t want things to work, you know, like Senator Elizabeth Warren, will come on and say, &#8216;Inflation is out of control, and the economy is getting killed by what&#8217;s happening, by these tariffs!&#8221; Kernen began. &#8220;This three percent, with the market at new highs — and really, we haven&#8217;t seen inflation go up back to three percent, maybe it will this week and we&#8217;ll see it.&#8221;
&#8220;But none of these things, none of these horrible things have happened, but they still talk like it&#8217;s happening. It&#8217;s amazing!&#8221; Kernen continued.
&#8220;There&#8217;s an important lesson there,&#8221; Rick Santelli added. &#8220;Don&#8217;t pick a congressman to be your money manager, that&#8217;s what I would say. In the end, Congress has their own reasons to point out certain things, and the Democrats, as you pointed out, really don&#8217;t want to see the current administration have some success, but there&#8217;s no doubt that this is some success.&#8221;
&#8220;We&#8217;re seeing more horsepower, we&#8217;re seeing better equities, inflation — inflation really hasn&#8217;t changed much in the last year or so,&#8221; Santelli concluded.
Senate Majority Leader <a href="https://www.dailywire.com/news/chuck-schumer-gaslights-senate-with-his-take-on-q2-numbers-you-dont-see-what-you-see">Chuck Schumer</a> gave an example in real time of what Kernen had described, taking to the Senate floor on Wednesday to claim that despite the strong second quarter numbers, doom and gloom lay &#8220;under the hood.&#8221;

CNBC Hosts Use Economic Numbers To Roast Elizabeth Warren

Donald Trump

Earlier this month, CNBC published a <a href="https://www.cnbc.com/amp/2025/07/14/americas-worst-places-quality-of-life-top-states-for-business.html">report</a> detailing which states represent “America’s worst for quality of life in 2025.” What they gave was a list of the places terrified liberals are fleeing as cities collapse under the weight of disastrous liberal policies.
The “worst” ones are called out for issues such as “inclusiveness of state laws” and “reproductive rights.” Reliably red states including Oklahoma, Arkansas, Alabama, Louisiana, Utah, and Texas all make the list, but then comes the doozy: the worst of the worst, per CNBC, is the <a href="https://store.dailywire.com/products/make-america-tennessee-hat?_pos=1&amp;_sid=2117ef68f&amp;_ss=r">good old Volunteer State.</a>
The news outlet gives Tennessee 61 out of a possible 265 points for its “quality of life” score, noting issues such as “crime rate,” “inclusiveness,” and “worker protections.”
CNBC also notes that The Volunteer State has “been at the forefront of legislation limiting the rights of its LGBTQ+ population, beginning as far back as 2015. The state was among the earliest to codify a person&#8217;s gender based on their anatomy, passing its law in 2023.”
So, it’s a state where men are men, women are women, and everyone loves country music? Sure. Sounds like a leftist’s nightmare. That’s why we love it. 
There were several reasons Daily Wire co-founder Ben Shapiro gave for moving the company from Los Angeles to Nashville five years ago, and all of them had to do with common sense. “Terrible governance has consequences,” Shapiro <a href="https://www.dailywire.com/news/tennessee-lawmakers-pass-resolution-congratulating-daily-wires-ben-shapiro-for-moving-his-company-to-the-state">said</a> of California’s leadership. 
Specific issues such as “high housing costs, rampant homelessness, the extraordinary state and local tax burden, the city’s refusal to maintain law and order, and the deliberate degradation of the quality of life for citizens,” were all reasons for abandoning California, per a TN state <a href="https://www.dailywire.com/news/tennessee-lawmakers-pass-resolution-congratulating-daily-wires-ben-shapiro-for-moving-his-company-to-the-state">resolution</a> congratulating him for the move.
There’s never been a better time to hit back against the mainstream narrative and assert that Tennessee isn’t just one of the greatest states of the union – it’s actually the standard all other states should be measured against. 
You don’t have to live in Tennessee to appreciate what politicians and activists, including The Daily Wire’s very own Matt Walsh, have been able to accomplish when it comes to <a href="https://www.dailywire.com/news/tn-senate-leader-credits-daily-wire-investigation-for-inspiring-ban-on-gender-procedures-for-minors">protecting minors</a> from the horrors of gender procedures. 
Just last month, in a decision that will now set precedent throughout the entire country, the Supreme Court <a href="https://www.dailywire.com/news/scotus-says-tennessee-can-protect-kids-from-trans-procedures-other-states-should-follow-our-lead">upheld</a> Tennessee’s right to protect our children from irreversible and unproven medical procedures under the guise of “gender-affirming care.” 
It was not just a victory for Tennessee, but for every state in the union. That decision paved the way for other states to follow suit and once again return to a nation of common sense.
Sending a message to CNBC and whoever put together this laughable list of worst states has never been easier. Put on your new <a href="https://store.dailywire.com/products/make-america-tennessee-hat?utm_campaign=MAT-hat&amp;utm_content=20250722&amp;utm_source=editorial">“Make America Tennessee” hat</a>, slip on your favorite cowboy boots, and thank the good Lord above you’re not stuck living in New Jersey. 
Can <a href="https://store.dailywire.com/products/make-america-tennessee-hat?utm_campaign=MAT-hat&amp;utm_content=20250722&amp;utm_source=editorial">one hat</a> change the world? 
MAGA devotees will say heck yes. And now there’s a new declarative accessory that makes a bold statement with just a few simple words. 
“Make America Tennessee.”
That’s the message. Even when the haters claim it’s the “worst state” in the nation, regular people know what’s really going on.
<a href="https://store.dailywire.com/products/make-america-tennessee-hat?_pos=1&amp;_sid=2117ef68f&amp;_ss=r"><img loading="lazy" decoding="async" class="alignnone wp-image-950581 size-large" src="https://dw-wp-production.imgix.net/2025/07/MAT-Hat-newsletter-ORNG-4x5-compressed-1-461x576.jpg" alt="" width="461" height="576" srcset="https://dw-wp-production.imgix.net/2025/07/MAT-Hat-newsletter-ORNG-4x5-compressed-1-461x576.jpg 461w, https://dw-wp-production.imgix.net/2025/07/MAT-Hat-newsletter-ORNG-4x5-compressed-1-240x300.jpg 240w, https://dw-wp-production.imgix.net/2025/07/MAT-Hat-newsletter-ORNG-4x5-compressed-1-768x960.jpg 768w, https://dw-wp-production.imgix.net/2025/07/MAT-Hat-newsletter-ORNG-4x5-compressed-1.jpg 1230w" sizes=" (max-width: 461px) 100vw, 461px" /></a>

Tennessee

Leftists Hate Tennessee. We Call It Home.

Leftists

Transgender

transgender surgery

Speaker of the House Mike Johnson (R-LA) dismissed Elon Musk&#8217;s argument that President Donald Trump and the Republican Party would have lost to the Democrats in 2024 if not for his contributions on behalf of the GOP.
As the feud between Musk and Trump rages on, Johnson acknowledged in an interview with CNBC&#8217;s &#8220;Squawk Box&#8221; on Friday that Musk had a &#8220;big&#8221; role in the GOP&#8217;s 2024 election success, but added that Trump &#8220;is the one responsible&#8221; for defeating the Democrats.
&#8220;Elon was a big contributor in the last election, but this was a whole team effort,&#8221; Johnson said. &#8220;President Trump is the most consequential political figure of his generation, of modern American history. He is the one responsible for that.&#8221;
The speaker added that he, along with &#8220;all of our House Republicans,&#8221; worked tirelessly to deliver the House for the GOP in 2024.
&#8220;We all worked hard,&#8221; Johnson said, adding, &#8220;I traveled the country nonstop. I did over 360 campaign events in over 250 cities and 40 states, and I logged enough miles last year to circle the globe five-and-a-half times. I mean, I contributed to it as well. All of our House Republicans did.&#8221;
<iframe loading="lazy" title="Watch CNBC&#039;s full interview with House Speaker Mike Johnson" width="500" height="281" src="https://www.youtube.com/embed/_TuaIzFT6oM?start=750&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
Johnson said he still respects Musk, calling him a &#8220;friend&#8221; and crediting him for his role in the &#8220;DOGE effort.&#8221; The speaker added that disagreements over policy shouldn&#8217;t become &#8220;personal.&#8221;
&#8220;I don&#8217;t tell my friend Elon, I don&#8217;t argue with him about how to build rockets. I wish he wouldn&#8217;t argue with me about how to craft legislation and pass it,&#8221; Johnson said.
After Trump told reporters on Thursday that he was &#8220;very disappointed&#8221; with Musk over his criticism of the &#8220;Big, Beautiful Bill,&#8221; the president added that he “would have won Pennsylvania regardless of Elon.” Musk quickly shot back on social media, writing, &#8220;Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate.&#8221;
“Such ingratitude,” he added.
<a href="https://get.dailywire.com/gift/?utm_medium=website&amp;utm_source=wisepops&amp;utm_campaign=dad&amp;utm_content=fathersdaygiftpopups" target="_blank" rel="noopener">Gift Dad an All Access Membership. Use code DAD40 at checkout to save 40%!</a>
Musk donated nearly $300 million to Republican causes in the 2024 election and was one of Trump&#8217;s biggest supporters, appearing with him on stage at some of his rallies. Trump rewarded Musk with a senior adviser role in the White House, and Musk spearheaded the effort to cut waste and spending in the federal government through the Department of Government Efficiency project. The billionaire entrepreneur became a constant companion of the president, often appearing with him in the Oval Office and traveling with him to sporting events, and in February, Musk <a href="https://x.com/elonmusk/status/1887889037354008729">said</a> he loved Trump &#8220;as much as a straight man can love another man.&#8221;
But on Thursday, after Trump&#8217;s criticism of Musk, the Tesla and SpaceX CEO quickly ratcheted up the tension, firing off numerous social media posts blasting the president and eventually <a href="https://www.dailywire.com/news/elon-musk-goes-after-trump-over-epstein-files-time-to-drop-the-really-big-bomb">accusing</a> Trump of refusing to release the Epstein Files because he is implicated in them.
Between posts going after Trump, Musk also <a href="https://www.dailywire.com/news/musk-floats-creating-a-new-political-party-amid-fallout-with-trump?author=Zach+Jewell&amp;category=News&amp;elementPosition=2&amp;row=0&amp;rowType=Vertical+List&amp;title=Musk+Floats+Creating+%E2%80%98A+New+Political+Party%E2%80%99+Amid+Fallout+With+Trump">suggested</a> starting a new political party &#8220;that actually represents the 80% in the middle.&#8221; Last month, Musk <a href="https://www.dailywire.com/news/ive-done-enough-musk-says-he-will-spend-a-lot-less-on-future-political-campaigns">said</a> that he was “going to do a lot less in the future” in regards to campaign donations, but left the door open to jump back into the political world if he sees &#8220;a reason to do political spending in the future.&#8221;

Elon Musk/Mike Johnson

Speaker Johnson Dismisses Musk’s Claim That He Won 2024 Election For Trump

Congress

Democrats

Elon Musk

Mike Johnson

Republicans

President Donald Trump&#8217;s tariffs have driven a massive drop in the trade deficit — going from nearly $140 billion in March to $61.6 billion in April.
According to the latest numbers, which were detailed during a Thursday morning broadcast on CNBC, the sharp drop in the trade deficit also fueled a significant bump in the Gross Domestic Product (GDP) — the Atlanta Fed GDP now was at 4.64%.
&#8220;The big news is there is how much it bolsters GDP — just look at Atlanta Fed GDP now, which is at 4.64%,&#8221; the anchor noted.
WATCH:
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
CNBC: In April, the U.S. trade deficit fell to $61.6 billion — cut by more than HALF compared to March&#39;s $138.3 billion.
&quot;The big news is there is how much it bolsters GDP — just look at Atlanta Fed GDP now, which is at 4.64%.&quot; <a href="https://t.co/9R8hHlC9d6">pic.twitter.com/9R8hHlC9d6</a>
&mdash; Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1930610746276172238?ref_src=twsrc%5Etfw">June 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
A New York Times report digging into some of the latest numbers indicated that the March trade deficit may have been slightly artificially inflated as imports surged to get ahead of the tariffs that everyone knew were coming. In addition, the NYT also noted the fact that the drop in the trade deficit almost exclusively reflected a decrease in imports — meaning that as production picked up domestically, that could also drive the deficit even lower.
President Trump celebrated the drop in the trade deficit one week earlier, playing video from another CNBC broadcast in the Oval Office.
&#8220;Personal income is up 0.8%. That is almost triple the expectation. The income numbers, really for the first four months of the year, they’re stellar. They’re really stellar. I mean, I could go back and look at the first four months of many different years, really very strong numbers,&#8221; anchor Rick Santelli said at the time.
&#8220;How the hell did they already fix the trade deficit? Or not fix it, but to cut it in half? That&#8217;s crazy,&#8221; Joe Kernen added.
&#8220;Yeah, I’ll tell you what, it really does call into question some of the conventional wisdoms. And you know it’s going to be interesting to see what happens next month, when we get this number, or we see some of the other numbers—like current accounts—see how they fared. Because I don’t know, I’ve been watching these numbers a long time. I don’t think I’ve ever seen the trade deficit cut in half for one month,&#8221; Santelli concluded.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Trump Shows Off CNBC Touting Tariffs: &quot;How The Hell Did They Cut Trade Deficit In Half In One Month?&quot;<a href="https://t.co/RxWqWZSXdQ">https://t.co/RxWqWZSXdQ</a> <a href="https://t.co/FAzREzstRk">pic.twitter.com/FAzREzstRk</a>
&mdash; RCP Video (@rcpvideo) <a href="https://twitter.com/rcpvideo/status/1928519212584009990?ref_src=twsrc%5Etfw">May 30, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

‘Cut By More Than Half’: CNBC Details Massive Tariff-Driven Drop In Trade Deficit

'Cut By More Than Half': CNBC Details Massive Tariff-Driven Drop In Trade Deficit

Tariffs

Trade War

The investor who inspired the 2015 movie &#8220;The Big Short&#8221; said on Tuesday that he believed President Donald Trump could win the tariff wars — if cooler heads prevail.
Steve Eisman made an appearance on CNBC to promote his new podcast, &#8220;The Eisman Playbook,&#8221; and he weighed in on the market turmoil that followed Trump&#8217;s announcement from nearly a week earlier of implementing tariffs around the globe.
WATCH:
<iframe loading="lazy" title="United States in best possible position to negotiate trade, says &#039;Big Short&#039; trader Steve Eisman" width="500" height="281" src="https://www.youtube.com/embed/wvUYsdjHhv8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
Despite the tariff-driven uncertainty causing wild dips in the market, Eisman said that it was all about the politics — and if the political side of things resolved, so too would its reflection in the market. As for the economics experts who have panned the Trump plan, Eisman said the primary reason for that was the fact that he was willing to disrupt the status quo in a way that most presidents had not.
&#8220;Everybody of our social class took Econ 101, and we were all taught the same thing: Trade good, tariffs bad, trade war terrible. And that was drummed into everybody&#8217;s heads so hard, with such force that it&#8217;s a paradigm — now you have a President of the United States who doesn’t seem to accept that paradigm, and people find that extremely jarring,&#8221; Eisman said.
&#8220;If reasonable heads prevail, Trump will get pretty much what he wants,&#8221; Eisman predicted, adding that overall, the United States would likely &#8220;suffer the least&#8221; impact from the current turmoil.
&#8220;If countries were rational, countries like Canada and Mexico would basically be coming to the United States and beg – &#8216;We’ll do what you want&#8217; – of the 35%, Mexico and Canada have of their GDP from exports, 25 points of that 35 percent is just exports to the United States,&#8221; Eisman explained, arguing that those countries were aware of their economic limitations and would most likely respond accordingly. &#8220;Those two countries hold no cards. Now, Europe is not much better, and so I think if everyone is rational, they’ll lower their barriers.&#8221;
Eisman did offer one caveat, however, saying, &#8220;Now that doesn’t mean everybody’s rational. There’s politics, some of the politicians might be afraid if we give in we’re going to lose our jobs, that’s the wild card.&#8221;
Eisman concluded by pointing out that, jarring or not, Trump was only doing what he had promised he would do if elected to a second term.
&#8220;You can agree with President Trump, or you can disagree with him,&#8221; Eisman declared. &#8220;He is one of the few politicians in my lifetime who does exactly what he says he’s going to do.&#8221;

US-BUSINESS-EISMAN

‘The Big Short’ Investor Says Trump Will Win Tariff Wars If Cooler Heads Prevail

'The Big Short' Investor Says If Cooler Heads Prevail, Trump Will Win Tariff Wars

Investors

CNBC&#8217;s Joe Kernen cornered Senator Chris Coons (D-DE) during a Tuesday morning appearance on the network, challenging him to defend Vice President <a href="https://www.dailywire.com/topic/kamala-harris" target="_blank" rel="noopener">Kamala Harris</a>&#8216; steadfast refusal to take the tough questions from media.
Kernen spoke to Coons — who served as an advisor to his longtime friend President Joe Biden until his abrupt exit from the 2024 presidential race — about the fact that Harris has been the Democrats&#8217; de facto candidate for over two months and has rarely taken questions at all, much less from any outlet that might be considered adversarial.
WATCH:
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
CNBC&#39;s Joe Kernen grilled Harris surrogate Chris Coons on Harris&#39; lack of interviews this am 
Harris and Walz have participated in 7 interviews, while Trump and Vance have done over 70 interviews and press conferences<a href="https://twitter.com/DailyCaller?ref_src=twsrc%5Etfw">@DailyCaller</a> <a href="https://t.co/zkAOIOKle4">pic.twitter.com/zkAOIOKle4</a>
&mdash; Nicole Silverio (@NicoleMSilverio) <a href="https://twitter.com/NicoleMSilverio/status/1838622570926518504?ref_src=twsrc%5Etfw">September 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
&#8220;If she would come on, we could get answers to a lot of these things,&#8221; Kernen said, noting that he&#8217;d also like the chance to speak with former President Donald Trump.
&#8220;And I’m just wondering, as a campaign surrogate who advises the campaign, there is an effort to rope-a-dope this thing right until the election, in my view, and the other side’s done 40 or 50 interviews with JD Vance,&#8221; he continued. &#8220;I don’t think I have to take my shoes off to count on my fingers and toes how many interviews she’s done, along with Governor Walz, and that looks like a deliberate effort just not to face the hard questions.&#8221;
<a href="https://www.amiracist.com/" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=https://www.amiracist.com/&amp;source=gmail&amp;ust=1726313279401000&amp;usg=AOvVaw115_qPFFEePDP86-Fvo-Vd">Am I Racist? Is In Theaters NOW — Get Your Tickets Here!</a>
Axios recently did a <a href="https://www.dailywire.com/news/axios-posts-interview-stats-on-2024-presidential-tickets-and-its-not-close">side-by-side comparison</a> of the two major-party campaigns and their media availability, and it was not even close. &#8220;The Harris-Walz ticket is on pace to do fewer interviews and press conferences than any major party’s presidential pairing in modern U.S. history,&#8221; the outlet reported.
At the time the Axios report was published, Trump had done seven local interviews to Harris&#8217; one. Trump&#8217;s running mate, Senator JD Vance (R-OH) had done 15 and Harris&#8217; — Governor Tim Walz (D-MN) — had done three. And the stats only got worse from there: neither Harris nor Walz has held an official press conference, while Trump has held three and Vance has held 12. Trump and Vance have also done numerous national television interviews (two and 24, respectively) compared to the Harris-Walz ticket&#8217;s one joint pre-recorded interview with friendly host Dana Bash on CNN.

2024 Concordia Annual Summit

CNBC Corners Kamala Surrogate Over Campaign’s ‘Rope-A-Dope’ Media Strategy

CNBC Corners Kamala Surrogate Over Campaign's 'Rope-A-Dope' Media Strategy

Kamala Harris

House Speaker <a href="https://www.dailywire.com/topic/mike-johnson" target="_blank" rel="noopener">Mike Johnson</a> (R-LA) called the separation of church and state a &#8220;misnomer&#8221; when CNBC co-anchor Andrew Ross Sorkin attempted to corner him about kneeling and praying on the floor of Congress earlier this year.
&#8220;The separation of church and state is a misnomer —people misunderstand it,&#8221; Johnson said during an interview on &#8220;Squawk Box.&#8221;
&#8220;Of course, it comes from a phrase that was in a letter that [Thomas] Jefferson wrote — it&#8217;s not in the Constitution,&#8221; he added.
Johnson referred to Thomas Jefferson&#8217;s 1802 <a href="https://www.loc.gov/loc/lcib/9806/danpre.html" target="_blank" rel="noopener">letter</a> to the Danbury Baptist Association of Connecticut when Jefferson served as the third President of the United States.
&#8220;What he was explaining is they did not want the government to encroach upon the church, not that they didn&#8217;t want principles of faith to have influence on our public life is exactly the opposite,&#8221; Johnson said. &#8220;It&#8217;s exactly the opposite.&#8221;
He then referenced <a href="https://virginiahistory.org/learn/george-washingtons-farewell-address#:~:text=%E2%80%9COf%20all%20the%20dispositions%20and,men%20and%20citizens...." target="_blank" rel="noopener">George Washington&#8217;s Farewell Address</a>, delivered in 1796, which stated, &#8220;Of all the dispositions and habits which lead to political prosperity, religion and morality are indispensable supports.&#8221;
Johnson also mentioned John Adams&#8217; <a href="https://www.johnadamsacademy.org/apps/pages/index.jsp?uREC_ID=2003858&amp;type=d&amp;pREC_ID=2094472#_ftn1" target="_blank" rel="noopener">letter</a> to the Massachusetts Militia in 1798, which read, &#8220;Our constitution is made only for a moral and religious people. It is wholly inadequate for the government of any other.&#8221;
&#8220;They knew that it would be important to maintain our system,&#8221; Johnson said. &#8220;And that&#8217;s why I think we need more of that &#8212; not an establishment of any national religion, but we need everybody&#8217;s vibrant expression of faith because it&#8217;s such an important part of who we are as a nation.&#8221;
Johnson <a href="https://www.dailywire.com/news/i-make-no-apologies-new-house-speaker-says-the-bible-is-his-worldview" target="_blank" rel="noopener">received</a> unanimous Republican support after three weeks of chaos — and three other nominees for the position — and was elected on October 25 to replace ousted House Speaker Kevin McCarthy (R-CA), becoming second in line to the presidency.
<a href="https://www.dailywire.com/news/black-friday-gift-guide" target="_blank" rel="noopener">CHECK OUT THE DAILY WIRE BLACK FRIDAY SHOPPING GUIDE</a>
During his first speech as speaker, Johnson told every other member of Congress that he believed God had called them all to use their gifts to serve the American people.
But just before the newly minted House Speaker secured the gavel, Rep. Greg Steube (R-FL) posted a photo of Johnson with a small cadre of House members praying for the Speaker&#8217;s race back in January.
In the CNBC interview, Johnson pointed to the First Amendment when asked about expressing his faith on the House floor after being sworn in.
&#8220;Faith — our deep religious heritage and tradition is a big part of what it means to be an American,&#8221; Johnson said. &#8220;When the founders set the system up, they wanted a vibrant expression of faith in the public square because they believed that a general moral consensus and virtue was necessary to maintain this grand experiment and self-governance.&#8221;
&#8220;So we created a government of, by, and for the people,&#8221; he added. &#8220;We don&#8217;t have a king in charge, we don&#8217;t have a middleman — so we&#8217;ve got to keep morality amongst us so that we have accountability.&#8221;
Johnson worked as a senior lawyer for the Alliance Defense Fund, focusing on religious freedom issues in schools, government, and other public spaces before he entered Congress.
His faith plays a significant role in his political decision-making — so much so that <a href="https://www.nytimes.com/2023/11/01/opinion/mike-johnson-christian-nationalism-speaker.html" target="_blank" rel="noopener">The New York Times</a> seethed over him becoming the first speaker of the House &#8220;who can be fairly described as a Christian nationalist.&#8221;
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Lots of misleading headlines. Take a look at what I actually said here: <a href="https://t.co/Vw3AHzoRvT">pic.twitter.com/Vw3AHzoRvT</a>
&mdash; Speaker Mike Johnson (@SpeakerJohnson) <a href="https://twitter.com/SpeakerJohnson/status/1724809472529633434?ref_src=twsrc%5Etfw">November 15, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Virginia Kruta contributed to this report.

House Elects Mike Johnson Of Louisiana As Speaker

CNBC Anchor Tries To Corner Mike Johnson On Church And State, Gets A History Lesson Instead

Freedom of Religion

U.S. House of Representatives

<a href="https://www.dailywire.com/topic/cnbc" target="_blank" rel="noopener">CNBC</a> anchor Hadley Gamble has reportedly left the network, just weeks after a sexual harassment complaint she filed led to the abrupt exit of former NBCUniversal CEO Jeff Shell.
Comcast, NBC&#8217;s parent company, released a statement confirming Gamble&#8217;s departure.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
CNBC says it is parting ways with <a href="https://twitter.com/_HadleyGamble?ref_src=twsrc%5Etfw">@_HadleyGamble</a>, the anchor/correspondent who filed a sexual harassment complaint that led to the firing of NBCU chief Jeff Shell. <a href="https://t.co/g5hRQnJt4k">pic.twitter.com/g5hRQnJt4k</a>
&mdash; Oliver Darcy (@oliverdarcy) <a href="https://twitter.com/oliverdarcy/status/1655997050813546514?ref_src=twsrc%5Etfw">May 9, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
&#8220;Gamble has been a distinguished journalist for more than a decade for CNBC, undertaking highly visible and challenging assignments, and developing deep expertise in the Middle East and beyond. Her initiative and drive have secured valuable interviews with several world political leaders,&#8221; the statement read. &#8220;We wish her every success in her future endeavors.&#8221;
Gamble filed her complaint prior to Shell&#8217;s ouster, claiming that the two had been involved in an affair that began more than a decade earlier — after he had spent years in pursuit of a sexual relationship with her. She claimed that she had ultimately relented, agreeing to the relationship only because she was afraid her career would suffer if she continued to refuse him.
&#8220;It became clear to her that rebutting his advances would probably damage her career,&#8221; the complaint read.
According to a <a href="https://nypost.com/2023/05/09/hadley-gamble-is-out-at-cnbc-in-wake-of-sex-harassment-complaint/" target="_blank" rel="noopener">report</a> from the New York Post, Gamble only filed the complaint when she learned that her contract, which was set to expire, was going to be allowed to lapse without renewal.
Comcast announced <a href="https://www.dailywire.com/news/nbc-top-exec-booted-over-inappropriate-relationship-with-woman-in-the-company" target="_blank" rel="noopener">Shell&#8217;s exit</a> on April 23, according to a report published by Business Wire. &#8220;Comcast today announced that the Company and Jeff Shell, Chief Executive Officer of NBCUniversal, have mutually agreed that Mr. Shell will depart effective immediately following the Company’s investigation led by outside counsel into a complaint of inappropriate conduct.&#8221;
<a class="c-link" href="https://onelink.to/dwapp" target="_blank" rel="noopener noreferrer" data-stringify-link="https://onelink.to/dwapp" data-sk="tooltip_parent" aria-describedby="sk-tooltip-59442">CLICK HERE TO GET THE DAILY WIRE APP</a>
Shell also released a statement at the time, admitting to the relationship.
&#8220;Today is my last day as CEO of NBCUniversal. I had an inappropriate relationship with a woman in the company, which I deeply regret. I’m truly sorry I let my Comcast and NBCUniversal colleagues down, they are the most talented people in the business and the opportunity to work with them the last 19 years has been a privilege,&#8221; he said.

Menu