Squawk Pod: Friday in DC: Kevin Warsh, prediction markets, & OpenAI’s IPO - 05/22/26 | Audio Only

Summary

In this episode of Squawk Pod from Washington DC, hosts discuss President Trump's postponement of an AI executive order, Representative James Comer's probe into insider trading on prediction markets, and Representative Katherine Clark's Democratic agenda ahead of the midterms. No clear investment trade ideas are presented.

• President Trump postponed an AI executive order to avoid blocking innovation.
• Rep. James Comer launches a congressional probe into insider trading on Kalshi and Polymarket.
• Rep. Katherine Clark discusses Democratic focus on cost-of-living and rebuilding trust with voters.
• The Senate failed to vote on a budget reconciliation package due to internal Republican disagreements.
• OpenAI CEO Sam Altman spoke about potential IPO timing, aiming to go public before Anthropic.
• Quinnipiac poll shows low approval ratings for both parties, with Democrats slightly preferred to control Congress.
• Inflation and oil prices remain key concerns for voters heading into midterms.