Squawk Pod: Comcast’s next spinoff & the U.S. Men’s National Team - 06/29/26 | Audio Only

Summary

Evercore founder Roger Altman breaks down markets into two segments: stable non-tech underpinned by a resilient economy, and fundamentally strong big tech with high but justified valuations and near-term volatility. He sees the semiconductor pullback as healthy and discusses AI spending momentum, while Comcast's split gets a modest endorsement. Separately, Diameter Capital's Scott Goodwin explains his philanthropic backing of the US Men's National Team coach.

• Roger Altman says non-tech stocks are strong and stable, backed by a resilient US economy.
• He views big tech (Apple, Amazon, Alphabet) as fundamentally sound for the long term despite high valuations and volatility.
• The recent chip‐sector drop is described as normal and healthy given the massive prior run-up.
• AI capital spending has global momentum that may persist even if a major player cuts back.
• Altman thinks the Comcast spinoff is strategically wise but doesn't make a strong stock call.
• He highlights the US economy's remarkable resilience and expects slow inflation abatement.
• Scott Goodwin details his donation to fund an elite coach for the US men's soccer team, framing it as a patriotic gift.
• Altman also voices concern that potential election disruptions could roil markets.