After a whiplash weekend of trade news, the U.S. will institute a 50% tariff on goods from the EU, starting in July. National Economic Council Director Kevin Hassett discusses the goals for ongoing negotiations and offers a hint at new trade deals coming soon. Ray Washburne sits on the boards of Sunoco and Red Lobster, and he’s invested in luxury retail centers, offices, and restaurants. Based on his exposure to the American consumer, Washburne warns about consumer debt and suggests watching diesel as a barometer for U.S. economic and consumer health. Plus, Disney’s live-action remake of “Lilo and Stitch” led the box office over the long weekend, Japan’s long-dated bond yields have fallen, and Elon Musk will now be “super focused” on X, xAI, and Tesla.

Ray Washburne - 14:20

Kevin Hassett - 31:37

In this episode:

Becky Quick, @BeckyQuick
Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie

Co-founder and co-chairman of the Carlyle Group David Rubenstein addresses President Trump’s latest social media post threatening a 25% tariff on Apple iPhones made outside the U.S., as well as the bond market and the ongoing tension between America’s Ivy League institutions and the Oval Office. Centers for Medicare & Medicaid Services Administrator Dr. Mehmet Oz explains his perspective on Robert F. Kennedy Jr.’s “Make America Healthy Again” effort and proposed changes to Medicaid work requirements and SNAP benefits. Plus, President Trump hosted a dinner with top holders of the $TRUMP meme coin, and the Supreme Court ruled that the President could fire some leaders of independent federal agencies. However, SCOTUS strongly suggested that terminations at the Federal Reserve would be handled differently.

MacKenzie Sigalos - 08:16

David Rubenstein - 19:49

Dr. Mehmet Oz - 41:54

In this episode:

Dr. Mehmet Oz, @DrOzCMS

David Rubenstein, @DM_Rubenstein

MacKenzie Sigalos, @KenzieSigalos

Becky Quick, @BeckyQuick
Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie

After a near all-nighter of debate and amendments, House lawmakers passed President Trump’s mega-bill. CNBC’s Emily Wilkins explains the long road to a tight vote, and Rep. Chip Roy (R-Texas) discusses his own shift from a “nay” to a “yea” vote. Rep. Roy is hopeful that more revisions will be made during the legislation’s next stop in the Senate, namely those addressing his concerns about the deficit and Medicaid. OpenAI is bringing in ex-Apple innovator and designer Jony Ive to build a new, mystery project. In Washington, authorities have identified and detained the gunman in the killing of two Israel embassy staff. Plus, ahead of the holiday weekend, Brian Kelly (The Points Guy) shares travel trends among Americans.

Steve Kovach - 4:28

Rep. Chip Roy - 17:29

Brian Kelly - 30:17

In this episode:

Emily Wilkins,@emrwilkins

Becky Quick, @BeckyQuick
Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie