Traditional economic metrics aren't translating into how Americans are feeling, says Sarah Bianchi

Summary

Sarah Bianchi, Evercore public policy chief strategist, joins Squawk Box to discuss the disconnect between strong economic metrics and negative consumer sentiment. She covers the Iran nuclear deal, midterm election outlook, and the rise of populist proposals like UBI. She notes that while the economy has been resilient, Americans feel worse due to inflation and high costs. The conversation also touches on political dynamics and regulatory challenges for AI and data centers.

• Sarah Bianchi explains that traditional economic metrics do not reflect how Americans feel about the economy.
• She discusses the ongoing Iran nuclear deal negotiations and the market's patience.
• The midterm election outlook is uncertain, with Democratic chances in the Senate declining.
• Consumer sentiment is poor despite resilient economic data, driven by high prices and lack of affordability.
• Proposals like UBI from Bernie Sanders and AI CEOs are gaining attention but are likely political theater.
• Data center development faces growing local protests, notably in Virginia.
• The speaker expects political focus to shift to the 2028 presidential race quickly after midterms.
• No specific investment ideas or trade recommendations are provided.