Asks if new tariff threats against European allies are serious and happening.
CNBC Anchor
Howard Lutnick
Dismisses the threat, stating European trade deals are durable and stable. Argues Europeans won't change favorable terms and diplomacy will prevail.
Asks why pick a fight with a close ally and trading partner.
CNBC Anchor
Howard Lutnick
States disagreements don't negate alliances; it's just how things work. Framed as Trump demanding engagement.
Notes his panel point that globalization is now different.
CNBC Anchor
Howard Lutnick
Criticizes old globalization for hollowing out US industrial base. Credits Trump's industrial policy for strong growth (4.3% in Q3, forecasting over 5% in current quarter).
Asks why manufacturing job growth has deteriorated.
CNBC Anchor
Howard Lutnick
Attributes it to high interest rates stifling housing starts. Argues US interest rates are 'much, much too high. Hundreds of basis points too high.'
Notes market sell-off in stocks, bonds, and dollar, citing a pension fund dumping Treasuries.
CNBC Anchor
Howard Lutnick
Dismisses Treasury sell-off concern ('what's their alternative?'). States US growth is 'hard and fast,' stock market will be higher next time, and 'interest rates are going to come down in America.'
Questions populist measures like capping credit card rates, noting they seem from the left.
CNBC Anchor
Howard Lutnick
Defends curbing institutional buying of single-family homes to protect affordability for young families. Reiterates core solution is lower interest rates.
Asks if the solution is a new Fed Chair.
CNBC Anchor
Howard Lutnick
Agrees a new Fed Chair 'certainly is going to help,' criticizing Powell for being 'too late' and politically motivated.