Squawk on the Street
SOTS 2nd Hour: Ray Dalio's Debt Warning, Sen. Warren Slams the Fed and Wells Fargo, Trump Tax Bill Scrutiny 6/4/25
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Show notes
Carl Quintanilla and Sara Eisen discussed weaker-than-expected May jobs data from ADP. Oppenheimer Chief Investment Strategist John Stoltzfus joined the program to discuss his market perspective.
He also reacted to Congressional Budget Office analysis which shows President Trump’s tax and spending bill would add $2.4 trillion to the national debt. Bridgewater Associates founder and legendary investor
Ray Dalio discussed how failing to rein in debt would result in dire consequences for the U.S. economy. Senate Banking Committee Ranking Member Elizabeth Warren (D-MA) appeared on the show and slammed
Wells Fargo’s 7-year, $2 trillion asset cap being lifted by the Fed – saying Wells should “stop breaking the law.” Warren also reacted to Elon Musk’s criticism of Trump’s “big, beautiful bill.”
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