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A NATO Summit in Turkey, Tilly Norwood, & World Cup Wagering 7/7/26
00:33:02
President Trump has arrived in Turkey for the NATO summit, and Senator Chris Coons (D-DE) is also in Ankara with the U.S. delegation. Sen. Coons discusses the goals for the U.S. and its allies at the summit. Former New Jersey Governor Chris Christie is now a strategic advisor to the American Gaming Association, and he’s zeroing in on the differences between legal sports betting and prediction markets as wagers mount for the World Cup. Plus, the U.S. is officially out of the World Cup after a defeat to Belgium, AI ‘actor’ Tilly Norwood will star in a feature-length film, and China’s DeepSeek is reportedly developing its own semiconductor chip. Senator Chris Coons - 16:50 Chris Christie - 27:44 In this episode: Sen. Chris Coons, @ChrisCoons Chris Christie, @GovChristie Joe Kernen, @JoeSquawk Kelly Evans, @KellyCNBC Katie Kramer, @Kramer_Katie
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Hi, I'm CNBC producer Katie Kramer. Today on Squawk Pod, a NATO summit begins as oil prices edge higher and Ukraine hits Russia's largest oil refinery.
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We're talking about it until you wish we weren't talking about it today.
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Senator Chris Coons joins us from the US delegation in Turkey.
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And my hope is that we'll come out of here with a strong and united NATO statement of purpose about defending Ukraine and seeing greater European contributions and coordination for our common defense.
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The rise in betting and prediction markets as a moneymaker. Chris Christie, a former governor now advising the traditional gaming industry.
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They're out there marketing to 18 year olds, telling them this is an investment. You know, betting is not an investment.
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It's betting plus the end of the road for Americans in the beautiful game.
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We lost four to one. You could have had 10 of these guys.
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It's Tuesday, July 7th, 2026. Squawk Pod begins right now.
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Stand by, Joe.
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In three, two, one.
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His mic.
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Good morning and welcome to Squawk Box here on cnbc. Live from the NASDAQ market site in Times Square, I'm Joe Kernan along with Kelly Evans. Just us. Kelly, you ready for this?
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I'm ready. Early signs point to know, but early
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signs, it's, it's a shocker for you because even if you do do it every day, it doesn't get that much better.
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That's why, you know, the good days and bad days I go, they have to do every day right.
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Tomorrow probably peak discomfort for you. And it's hump day on top of everything else. And President Trump is on his way to the NATO summit in tomorrow. Turkey A.
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Is that how you're supposed to say it?
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Turkey A during the World Cup, One of the few things, in addition to learning that we might not be ready for prime time just yet, but the U.S. soccer team. Yeah. Did you watch any of that?
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Did you watch that game?
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I watched the first 10 minutes where within about 30 seconds it was clear. I was like, this team is good. And they almost scored immediately.
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Remember, we're not the favorite in. In the World Cup.
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No.
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But the tournament, you have to say it has gone.
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So. It has. No, but, Kelly, I have. I know nothing about it. I'm a total novice. But, like, I watch France and they just. They just slice through. They do these things, and it just. Things that I don't really see the US Team doing. Not really.
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It's okay.
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Is it okay to say Spain?
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The president, he says, I call it like I see it, and then I
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call and I, you know, Argentina, I think they're playing. I know I'm watching more. But. So how did we. What were we talking about? Oh, yeah, Turkey A. When we played Turkey. T U R K I E H And they changed it. That's how they say it, supposedly. So I'm going to go along. They're the ones who know. Erdogan knows. Right.
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Look at the impact, the global impact.
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I would say Erdogan. So I've learned that that's. I learned that that's Erdogan. So I might as well. I mean, it's easy for me to
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do Turkey, and they go. And now they have NATO.
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We have a lot of people to talk about NATO today. Good. Chris Coons, the senator, he's over there.
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Did you see what Jerry Baker wrote in the Wall Street Journal?
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Is that today, I hope.
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Here I go again.
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I believe today maybe Jerry's been in a bad mood. Putin may see an opportunity to destroy NATO.
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Yeah, he's in. Look, this has been rumored for a long time, and there are signs of incursions already in parts of Europe. And he's basically saying, you know, he talks to people and there's this window of opportunity in the next little while that it could be vulnerable. And because he's coming from a position of weakness, as it. Regarding the Ukraine issue, does he choose now as a time to go with some select incursion, as he said, around the Baltic, or maybe something with Estonia, which has a Russian population, and just see what Happens because if make NATO choose, do you respond forcefully as a group or don't you?
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We're going to talk cocoons. Matthew Whitaker, who is the UN ambassador now, I think isn't he. And he said these are growing pains, these aren't major problems. But Trump wants US President. Trump wants 5%, right? Well they're on their GDP.
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Yeah, they're better than they were, better than it was. But I think that's why, I mean this, the question is, is, is there a vulnerability point right now? Does Russia do something about it or not?
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But it's hard for them to get to 5% because they spend so much
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money on everything else.
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On everything else. And they expect US.
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But it's 5% of GDP, not 5% of government spending.
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They expect US chumps over here to provide, you know, you know, medical innovation and security and, and everything else. Oh what we look at that. We talked. They didn't even need to write anything about Trump. Let me see what they had written because they just. Why did you take that out? I don't get my read anymore.
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We will look, we can circle Trump's over there.
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Okay. And we're going to talk. We're going to talk about it. So you wish we weren't talking about today.
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And meanwhile, elsewhere in geopolitics, reports say Iran fired missiles at two commercial ships near the Strait of Hormuz. And that's why we're seeing upward pressure on the oil price this morning. One of the ships appears to be a liquefied natural gas tanker. The hostilities come despite the memorandum of understanding signed three weeks ago that was aimed at de escalating tensions between the US and Iran. The two countries also agreed late last month to stop attacking each other. Iran is currently holding a multi day event to honor former leader Ayatollah Ali Khamenei who was killed at the start. Did you see the crowds that 11 million people. And by the way to the point about what's going on in the Street. The Wall Street Journal says this is the Revolutionary Guard. There is obviously this back and forth. Look at these images from this yesterday from the funeral. I believe him in one or two.
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Where's the guy? Where's the new guy? He's like he can he. But this is even move his arm.
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This is the point about horror mooses who's in charge. So we're up a little bit with the, with the oil price but yeah,
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nobody's seen the guy yet.
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I'm just saying.
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Have they?
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The Revolutionary Guard is the one that
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appears to be in this vacuum. Right.
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You know, until the. What we call civilian leadership can reassert itself.
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Right. Well, he's got to get out of bed. If he even, you know. Once again, the American World cup, the run. I guess it was a little bit of a run coming to an end. The US men falling to Belgium 4 to 1 in Seattle. Belgium will now move on to face Spain. Saw that game the other day in Spain. Is. Is pretty. Did you watch Spain play would be a natural.
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I mean, this is sport they excel at.
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Yeah, that's an understatement in the court of that. That'll be a great game. 2. Two great games today, in fact. But I guess each one gets better and better as we get further along into the tournament. And I can't believe I'm calling soccer games. Great. I kind of like it. I do. I'm kind of. Kind of developing a little bit of. It's hard for me. It's been hard to get to this point.
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I think this is itself the biggest breaking news item of the world.
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Yeah, exactly. Joe Kernan. I'm starting to like it. Starting to like it. Spain. That'll be the quarterfinals on Friday, the tournament. Three host nations, the U.S. canada and Mexico. Yeah. All been eliminated at this point. And the US Loss came despite striker Fuller and Bologan being allowed to play. Kind of. I mean, it's fitting, I guess, they made such a big deal about this. And when you combine Trump derangement syndrome with everything else, even Americans didn't want the guy playing, even though you would think any American would want.
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I think they wanted him. I mean, no, not.
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Not if it meant that you had some portion.
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Some portion. But. But broadly speaking.
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Speaking. Anyway, the first red flag he got, maybe I don't understand soccer because it looked totally accidental and it didn't look like. And Ronaldo, who, you know, oh, my God, Ronaldo. He has to play. He had something similar. They reversed a red car for him earlier in the prelims. Yeah. And. Okay, FIFA suspended a red card given the Americans. That American in a previous match followed a call, though, between President Trump and the head of FIFA. During the call, the president asked for a review of the US Penalty. The head of FIFA said, we were already talking about what was going on. We're going to take a look. Some committee. Look, we lost four to one. You could have had 10 of 10 of these guys.
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Imagine if we had won by some, you know. But that rarely happens, obviously. It's rarely exactly. The Cinderella. Netflix.
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This story should be totally over.
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At this point, even yesterday, we were asking people about it, just the different people who came through, through the air, just. And most people said, yeah, I thought that, you know, I didn't think a call was, was the right call. So a lot of people I think did actually prior to the original.
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Right, right prior to that. And okay, what really got me was that the whole soccer world, it would be good if the United States loves soccer as much as the rest of the world. So why shouldn't we field our very best team to see with that guy whether we, whether we. Totally ready for prime time, Were we? No.
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And the answer was four to one.
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Four to one, no. There's the answer.
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New comments from Nestle's marketing chief this morning. He said the company is looking to spice up some of their products to counter duller taste buds that can accompany GLP1 weight loss drugs. He said Nestle has been testing packaged food on consumers to understand how tastes change on the medication. A 2025 study found perception of the five basic taste qualities were depressed by the weight loss drugs. Nestle said changes could include adding spices or more pepper.
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That's a bizarre story. I knew, I mean, I talked. The benefits, I guess, are just incredible. But I don't want to live a meh life. Although since I'm not on these, I'm excited that they're going to spice up.
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Just should they be? I wasn't sure if they.
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So now for me, they'll be spiced up. Right.
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So I wasn't sure if they were saying that people on GLP1s actually have or less attraction to spicy.
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And it says it dulls there.
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Right. But then why would they be adding more spices? It's almost as if they're saying it dulls their perception of taste. They have to make it stronger so people can actually perceive.
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But then that sounds like you're trying to overcome whatever benefit you're getting for not wanting it. And then now.
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Well, it's a lot. It's a weight loss trick of old
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to just going to want hot sauce
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on the food that doesn't taste that good.
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Okay. You know, but it sounds like part of the reason that you don't eat as much is because you don't feel like it. Well, if they're going to make it really tasty again, then you're going to want to. It's going to overcome the gop.
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And what's it going to taste like for everybody else? Are they going to be great?
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How about the ones where it says the average weight loss is like 40, 45 pounds. What if I take that?
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I don't know.
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People are going to say you need. You need to go to the er.
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People look at your. They say Joe's getting these results without medical.
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I'm not getting. No, I still have lots of issues. No, I'll take my shirt off and show you my issues. I don't have a six pack. I have a. Have a keg.
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I don't think six pack is the outcome of GLP1 either. Got to do something else. China's Deep Sea is developing its own AI chip. This according to a new Reuters report that says the chip is designed for inference and could reduce the company's dependence on Nvidia and Huawei chips. The report says deep seats efforts began a year ago and are still in early stages. But Nvidia shares are down nearly 2% premarket.
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I mean this name. I'd already told you how.
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What about the. The Deep Sea or the.
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No. Tilly Norway. This is the. It's a. It's an AI actor. Actress. The company behind a controversial AI actor named Tilly Norwood. Who came up with that. It's. Isn't it weak? I mean there's probably worse Tilly nor. Huh.
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It's not great, but it's.
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No, it's just. It's insipid to me. Announcing that Norwood Tilly going to star in her first film. The production comes from London based AI studio Particle 6. Believe I'm reading this. It's set to be titled Misaligned and is described as a comedy. Comedy. Comedy. Drama. What's that like? Different than a.
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How many drama.
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You can't really do a portmanteau about that, can you? Come around drama telling a coming of age story of. Of an AI person coming of age infused with existential chaos. There we go. Particle 6 calls it a hybrid project with film and TV professionals working alongside AI specialists. Norwood has sparked controversy in the entertainment industry. She works cheap. Particularly last year after an executive involved in her creation this is Real said she could be signed to a talent agency.
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The real question is going to be is she any good?
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Right. And until we know, did the AI person. Did Tilly have any acting lessons? Is she a method actor? Did she.
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You know, is she watchable?
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Is she like Sam Meisner or Strasberg? Who. Who is. How did she go where Brando went?
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The real question is whether the movie itself is insipid. Is seeming to probably or possibly be the case.
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I do this a lot of times. Did you ever watch Godfrey. Whatever I feel on camera, I will do. I don't right short of digging for gold.
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Tease will be next.
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Stay right there. Coming up on Squawk pod, Delaware Democrats say Senator Chris Coons. He is in Turkey at the NATO meeting and there's a lot of work on the table.
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President Obama, President Trump, President Biden, President Trump. For decades, our European NATO allies under invested in their defense and we carried a lot of the cost and the burden.
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You're listening to Squawk Pod from CNBC standby Joe.
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Here's Mike Q. President Trump heading to the NATO summit in Turkey and a bipartisan group of lawmakers is already there attempting to navigate the fallout from different things the ongoing war in Ukraine, rising tensions over the president's sharp criticism of the alliance and how much some members of the alliance contribute to the whole process. Joining us now, Democratic Senator Chris Coons. He serves on the Foreign Relations Committee and is a member of the delegation in Turkey. I wish I was a fly on the wall. Are you guys, like. And gals all. You know, there's Democrats and Republicans. You're all, like, friends. You're all, like, yucking it up and out at dinner and having cocktails, and that's the way it works. Tell me the truth, Senator, isn't it until that someone brings a camera, then you're like, oh, no. Oh, no, I'm not friends with them.
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It's funny you mentioned that, Joe, because Congressman Mike Turner of Ohio, Republican, is part of our delegation. And I tried to work it out that he and I could do this interview jointly because we've done a number of similar joint interviews over the years. He and I traveled to Australia last summer for the US Australia Leadership Dialogue. He's been a very senior member of the Intelligence Committee in the House, for example. And I'm enjoying spending time with Senator Mike Rounds, a Republican senator who's a senior member of the Armed Services Committee. This is a strong bipartisan delegation of members of both parties, both chambers, who support NATO and who think that NATO contributes to our security and who want to recognize and celebrate that our NATO allies have really stepped forward. They've added $250 billion more in their spending for our collective defense in just the last two years. Our delegation just met with the Secretary General of NATO, Rotte of the Netherlands, and talked with him about the war in Ukraine, the war against Iran, the US NATO relationship and where we're going. And my hope, Joe, is that President Trump takes some credit today for having successfully pushed our NATO allies to spend a lot more. But does not destabilize Europe or encourage Putin by making any abrupt statements about withdrawing from NATO or further drawing down our troops from NATO. We're at a positive moment in the war in Ukraine where the Ukrainians are fighting the Russians to a standstill and are starting to successfully impose real costs into Russia with their increasingly lethal and strategic drone strikes. President Trump is meeting President Zelensky today. That's my understanding. And my hope is that we'll come out of here with a strong and united NATO statement of purpose about defending Ukraine and seeing greater European contributions and coordination for our common defense.
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C
Congressman Turner from. From the great state of Ohio. And you, you mentioned him, and you said you were trying to talk him into coming on. I don't see him. I, you know, maybe he didn't want to be in one of those double boxes because no one wants to be in a double box with, you know, you got Mr. Good Looking Senator Coons and you got, you know, some. I wouldn't do that. I don't like it right now being in a. Let me ask you this, Senator. I can't believe what you said. I, you said President Trump deserves credit for getting that done, but then you use that as a stepping off point to sort of say, I hope he doesn't say another Trumpian, you know, comment about, you know, withdrawing from NATO or something like that. So you do, you do agree that they were not pulling their weight in the past?
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D
Absolutely, yeah. Joe, that was a, that was a common complaint. President Obama, President Trump, President Biden, President Trump. For decades our European NATO allies under invested in their defense and we carried a lot of the cost and the burden of our collective defense. Partly because of Russia's aggression against Ukraine and partly because of President Trump's pressure at last year's NATO summit at the Hague in the Netherlands, all of our NATO allies stepped forward to commit not to 2% of their GDP but to 3.5% and a longer term goal of 5. And they are hitting it. Those aren't just numbers. They're actually spending hundreds of billions of dollars. And equally, if not more importantly, they've stepped forward and said they will pay for all the munitions that we are sending to Ukraine. If the United States will manufacture them, the Europeans will pay for them and that will allow Ukraine to continue to have access to our best in class interceptors and missiles and long range strike capability. That's what's allowing Ukraine to have such success on the battlefield in partnership with the incredible fighting spirit of the Ukrainian people. Yes, I think President Trump should take some credit for having really pushed NATO to step up. And I said that in recent weeks there have been some very troubling concerning moves where President Trump abruptly announced the withdrawal of thousands of American troops in a fit of pique over his view that they didn't support him enough in the war in Iran, a war where they were not consulted and they were not part of the alliance going to war against Iran. So my hope is, is that we can just sort of say, okay, offsetting penalties. Trump threatened to take Greenland from Denmark and they didn't provide universal, immediate, complete access to use their bases. Let's recognize that there's been some points of tension and that they've actually overall been great allies and contributors and move forward together.
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C
Well, if you watch this President, I mean, sometimes it's a good Cop, bad cop thing. The NATO ambassador Whitaker said this is growing pains, probably not a crisis, and the worst case scenario doesn't usually come out. A lot of times it seems like it's negotiating tactics from the President. You probably realize, are you going to meet with, with Hungary's new leadership at all? Is that, is that you're going, I think you're going to Budapest. Nice city.
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D
The delegation is going to Budapest. I will not be joining them. I'm returning to the United States. I'm here relatively briefly. We are meeting with the new leader of Syria, Al Sharra. We are hoping to meet with several different European leaders, the new president of Romania, possibly leaders of several other countries. The schedule here is somewhat fluid as when the principals are meeting, changes in the course of the day, and as President Trump's arrival time has pushed back. But the great thing about a conference like this, I just had a conversation with the Japanese Defense Minister and the Canadian defense minister. Neither of those were scheduled. We both just happened to meet each other in the common hall outside the major speeches. It is a great opportunity for engagements with some of our key NATO and non NATO allies.
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C
Had you weighed in at all on the main situation, Senator?
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D
I would say I did not.
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C
You're kind of middle of the road. You're lucky you dodged that bullet. You're kind of in the middle. You're not one of these whack, total whack way on the left that found themselves, you know, 10, 15 things and they're like, yeah, I saw that. That's not enough. And then, yeah, I saw that. That's, that's fine. Yeah. And now they're finally, I don't know what it was. You know, I didn't, you know, Nazi tattoo wasn't enough. Now, apparently this might be enough. Do you, are you hearing that? This is, at this point, probably, yes. Back rooms right now. Is there pressure now in back rooms to do something, do you think?
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D
Look, I did not ever meet with or endorse Graham Platner. I recognize that he has a strong grassroots following in Maine, that he inspired a lot of people with his life story and with his progressive positions. But frankly, I had real concerns over his alleged Nazi tattoo and over the early allegations of misconduct. We should hold our candidates to the highest standards. And frankly, that applies to Texas and to the Republican candidate there as much as it should apply to a potential Democratic candidate in Maine.
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C
Not quite as much. No, I'm kidding. I hear you. Anyway, Senator Wright, we appreciate your time this morning. Safe travels.
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D
Thanks, Joe.
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C
Okay. See you later.
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A
Up next on Squawk Pod, a conversation with former New Jersey Governor Chris Green Christie. He worked on legalizing sports betting while in office and now he is advising the American Gaming association, pushing prediction markets to follow the same rules.
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We fought to get sports betting legal in this country by making the argument that it was better having it regulated, monitored by the leagues and by government. And these guys have now taken that completely out of play.
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A
World cup wagers right after this
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- [27:14]
A
So I Talked to my doctor about a treatment plan that included Cascali Qisqali Ribociclib's, 200 milligram tablets with an aromatase inhibitor is for adults with HR positive HER2 negative stage 2 or 3 early breast cancer with a high risk of coming back. Kaskali may cause serious skin reactions, liver problems and low white blood cell that may result in serious infections. Life threatening lung problems and abnormal heartbeats can occur. Your doctor should test your heart and blood before and during treatment. Tell your doctor if you have new or worsening cough, chest pain or dizziness before taking Cascali. Tell your doctor all your medical conditions, medicines you take and if you're breastfeeding, pregnant or planning to be as it can harm an unborn baby. Common side effects include nausea, headache and tiredness. Lindsey is a real patient compensated for her time. Learn more@cascali.com shipping, billing, admin, payroll, marketing. You're managing all the things so why waste time sending important documents the old fashioned way. Mail and ship when you want how you want with stamps.com print postage on demand 247 and schedule pickups from your office or home. Save up to 90% with automated rate shopping. That's why over 1 million small businesses trust stamps.com go to stamps.com and use code podcast to try stamps.com risk free for 60 days. This is Squawk Pod.
- [28:37]
C
You're watching Squawk box on cnbc. I'm Joe Kernan along with Kelly Evans. Excluding prediction markets, sports bets throughout the World cup are estimated to add up to about $3 billion. Joining us now, former New Jersey governor Chris Christie, now strategic advisor to the American Gaming Association. And governor, it's good to see you. I mean, New York, New Jersey stadium, I mean, what is that, number one? It's not in New York. New Jersey isn't even even named first that I would have taken care of all that, I think, before this happened.
- [29:11]
B
Well, between that and the thousand free tickets that mayor mom Donnie got from FIFA, not New Jersey. Look, Phil Murphy, my, one of my, one of my success successors obviously didn't put New Jersey in the forefront here in his negotiations. Kind of reminds me of some other things that have happened over time between New York and New Jersey, especially when you have Democratic governors, Joe, who, you know, don't want to get in conflict, excuse me, with their colleagues, you know, across the river. And I, I certainly wouldn't have been content in taking second fiddle for New Jersey given that we're spending most of the money and we're the ones who are actually hosting it and dealing with all the logistical nightmares that come about by having that many people come into the area.
- [30:03]
C
I know Peach into the New York, not New Jersey. People think it's just a bunch of factories along the highway there. It's not the Garden State, Governor. And we both, and we both know that I didn't want to start you out putting you in a bad mood. And we can talk, we definitely want to talk about this gaming stuff, which has also probably got you in a bad mood. But just, how about, how about these candidates that are getting elected over here, we can bash New York some more. I mean, in what world is this normal?
- [30:40]
B
It isn't. And look, I think that the Democratic Party is taking leave of their senses, Joe. I mean, in the end, America is built upon being a republic, but a capitalist republic, not a socialist republic. And what I say to young people who are my kids age all the time is I know you guys aren't great students of history often, but go back and look at what's happened to every country that has adopted socialism as an economic system. It has failed its people and it's failed as a political system. And so it's amazing to me what's going on. The mayor is a charismatic guy, there's no doubt about that. But you looked at what his real attitude was on his Fourth of July speech, Joe. I mean, that was about as dour and negative a speech on the 250th anniversary of the greatest republic the world has ever known. And that's what socialism is. The other interesting part of it too is you know this thing about setting your thermostats to 78 according to the mayor. And then we find out that in city hall they have it at a refrigerator like 64 that tells you two things. One, telling you where to set your thermostat is what socialists do because they think government always knows better than the people. And then they let them eat cake. Attitude of socialists say, yeah, you set yours at 78 and have some ice water and we'll be here at city hall at 64.
- [32:13]
C
If we raise the voting age to 35, would that help or no? I know people around here that it doesn't matter how old. Let's talk. We better. I'll get in trouble for even, for even saying that. How much do you think if I were draftkings or fanatics or something like that, how much business is being lost on these unregulated prediction markets at this point? We have a relationship with Kalshi, probably should point that out. But I mean, it's a big number, isn't it?
- [32:44]
B
It's billions of dollars. It's billions of dollars, Joe. And but even, even more importantly, in a lot of these states, they've used the revenue, the tax revenue that they get from sports gaming for programs in their state that now that revenue is going down quickly. In Tennessee, for instance, they use it on their school choice program and that school, they're now looking in Tennessee about whether they continue the school choice level where it's been because the revenue is going down because of this. In addition, remember, these guys are not regulated in any way. And so what they're doing is they're out there marketing to 18 year olds, telling them this is an investment. Betting is not an investment, it's betting. And all the predictive markets have called it sports betting at one time or another. And for them it's about 90% of their business. So you know, look, I have no problem with Kalshi or polymarket in the sports betting business, but be regulated, pay your taxes, don't market to teenagers, follow the rules. And if you have a better product, if you have a better platform, great, you can compete and win. I'm not, I don't have any, you know, affiliation with any of these particular sports books that are regulated. What I care about is, you know, we fought to get sports betting legal in this country by making the argument that it was better having it regulated, monitored by the leagues and by government. And these guys have now taken that completely out of play. They're not working in conjunction with law enforcement, they're not working with regulators. And we're going to see a lot of problems beyond just what we've seen already that are going to come from this.
- [34:39]
C
So what's the end? How does this work itself out, do you think? And how long is it going to take?
- [34:46]
B
I think it's going to take at least another year, Joe. My guess is that you have different court decisions coming. The ninth Circuit Court of Appeals should be coming sometime soon. The Massachusetts Supreme Court should be coming sometime soon. Once that happens, it's going to set up the opportunity for this to go to the U.S. supreme Court. And we're going to have to decide is this a states rights issue or isn't it? And, you know, when they decided the case in Christie vs. The NCAA, they said this is something that the states are to run. And, you know, when you look at it, Joe, the states have run it very well in the time since 2018, when it became legal. They've been working with law enforcement on issues regarding, you know, problems in sports, gaming. They've expanded it significantly across the country. And now what you're seeing is harm being done not only to those states, but don't forget about the tribes as well, Joe, where they're now facing this illegal competition. And so it's affecting a number of different folks. But I think this is ultimately going to wind up at the US Supreme Court, and I think that'll probably be next term.
- [35:56]
C
I mean, does Mary Pat. She used to love watching squawk boxes. She just like, do you make her watch all these mainstream media? Like you're a foil. You go on there and you just go on with these crazy people. That is, that. Is she still watching?
- [36:12]
B
She watches. She watches you guys every morning. Every morning.
- [36:17]
C
Where are you?
- [36:21]
B
I've been with ABC for nine years, Joe.
- [36:25]
C
You just have glutton for punishment or something. All right, well, they gotta have some
- [36:30]
B
Republicans over there, Joe.
- [36:32]
C
I know.
- [36:32]
B
Someone's gotta go over there and do it.
- [36:34]
C
They call you a Republican, which is crazy enough. Okay, we gotta run there, Joe.
- [36:41]
B
None of the stuff you said before that made me angry this morning, but you and I are going to meet out on Fifth Avenue on that one Palace.
- [36:48]
C
All right, never mind.
- [36:50]
B
All right.
- [36:50]
C
It's good to see you, Governor. And best to you and the family and everyone else. And ABC is great. I love all our competitors.
- [36:57]
A
I do.
- [36:59]
B
Thank you, Joe. And Mary Pat sends her best.
- [37:01]
C
Okay, thanks. See you. That'll do it. You're going to take a nap?
- [37:05]
E
I would love to, but I can't mess up the outfit or I'm gonna have to change for her later.
- [37:09]
C
You're gonna. You're not gonna have the walk of shame tomorrow. Don't come in wearing that same thing
- [37:13]
E
tomorrow till later today.
- [37:15]
C
Oh, no, I meant tomorrow.
- [37:16]
E
I mean talking about it.
- [37:17]
C
You better have a different outfit on.
- [37:20]
A
That is Squawk Pod for today. Thanks for listening. Squawk Box is hosted by Joe Kernan, Becky Quick and Andrew Ross Sorkin. Thanks to Kelly Evans for sitting in today. You can tune in weekday mornings on cnbc starting at 6 Eastern or get the best of our show, the smartest takes and the best analysis right into your ears when you follow Squawk Pod wherever you like to listen to podcasts. Have a great Tuesday. We'll meet you right back here tomorrow.
- [37:47]
C
We are clear. Thanks, guys.
- [37:58]
A
This year's girls trip to Telluride was the best. We one upped ourselves with my Sapphire Preferred card. And with 5 times points on Chase Travel, plus 3 times points on vacation homes with top brands, we got this incredible cabin.
- [38:10]
E
It was a mansion.
- [38:12]
A
And with three times the points on dining, we ordered a wagyu steak dinner.
- [38:15]
E
And that pistachio gelato was too good.
- [38:18]
A
So where should we go next year?
- [38:19]
B
I've got ideas.
- [38:21]
A
Chase, Sapphire preferred the card that's preferred for a reason. Cards issued by JPMorgan Chase bank and a member FDIC subject to credit approval terms apply.