Squawk Pod: Doing the math in DC: Senators Thom Tillis & Elizabeth Warren - 06/03/26 | Audio Only

Summary

This Squawk Pod episode features Senators Thom Tillis and Elizabeth Warren discussing Trump administration appointments, AI regulation, and tax policy. Key topics include the confirmation prospects of Bill Pulte and Todd Blanche, a proposed excise tax on AI data centers, a wealth tax on billionaires, and the impact of GLP-1 drug costs on public budgets.

• Senator Thom Tillis criticizes the White House for 'amateur hour' and says Bill Pulte has no path to confirmation.
• Senator Elizabeth Warren advocates for an excise tax on AI data centers to preempt job losses and offset externalities.
• Warren supports a 2% wealth tax on assets above $50 million, arguing it could fund universal child care and education.
• The hosts discuss Cigna dropping GLP-1 coverage for employees, highlighting short-term budget pressures.
• President Trump signs a voluntary AI benchmarking executive order, drawing skepticism from Warren.
• Warren expresses concern over Nvidia chips being exported to China for military use.
• The episode covers the firing of CBS correspondent Scott Pelley and the appointment of Todd Blanche as acting AG.