Elon Musk is intimately involved in shaping Trump's government, says Axios' Mike Allen

Financial Reports - Clarity & Ethical Finance
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1 Video View·Nov 12, 2024
Axios co-founder Mike Allen joins 'Squawk Box' to discuss President-elect Trump's election victory, state of play inside Trump's incoming administration, Elon Musk's role in the second Trump term, the Fed's independence, and more.
right now is Axios co-founder Mike Allen. Good morning to you Mike. Let's sort of walk
through the state of play inside the incoming Trump administration and what
it means to business. Yeah Andrew Axios CEO Jim Vande Hei are up with a
behind-the-curtain column with the headline Washington's open for business
and Andrew I just can't emphasize enough the business inputs to this nascent
administration and the business outputs that you can expect. So here in Palm
Beach you have CEOs over at Mar-a-Lago eating on the table, eating on the
terrace, walking over to congratulate Trump. They've put names in that they
want considered and many CEOs and other business and tech leaders are being
considered. So how is that going to net out for winners? Look for oil and gas,
crypto, you saw the Bitcoin touching 80,000 yesterday. Mid-smaller tech
companies all going to be part of the business-friendly agenda which is going
to include new energy production deregulation. Let's talk about some
names and let's also just talk about the practicality of how this all gets
executed which is to say for example Elon Musk. Do you imagine that the role
he has is a role that is confirmable meaning that he has to go get
confirmation to do it? Does it is it a advisory role? There's gonna have to be I
imagine from a conflicts perspective for so many of these individuals are there
gonna be waiving of conflict rules? Is that gonna create all sorts of other
questions? How are you seeing this? Yeah, Andrew, I wouldn't look for Elon
Musk to have a .gov address. I wouldn't look for Elon Musk to be a technical
part of the US government but he is a massive part of shaping architecting
this government. Interestingly enough like his systems background like built
Tesla, built SpaceX, he legitimately helped the Republican ticket in
Pennsylvania. He figured out they needed more transportation. They did it. He did
his own rallies where he was treated like a rock star like Trump. He's
intimately involved in shaping this government and Andrew, I'm told that
President, former President Trump, President Trump loves sparring with Elon.
He loves the innovative thinking. You've interviewed him on stage. You know him
like he has quirky thinking. He's not afraid to talk out loud and he's
bringing a fresh eye to a problem that Trump has been thinking about for eight
years including for those in the wilderness. Mike, do you believe the
American conservative? I don't know. I think Rubio is gonna get
state. Don't you think they mentioned Rick Grinnell as a possibility, Bill
Hagerty, Vivek Ramaswamy, I would think is a long shot. He's young.
Does he got the chops for state? Everyone you mentioned is a legit
possibility and those are some of the jobs that are not bait. So an immense
amount of work and again a lot of it coming from a Wall Street tech business
committee went into getting these options ready for President Trump and
now he and Musk are over at Mar-a-Lago hashing it out and like all those names
are on the real list and you said at the top like one sign of how things are
gonna be different is the fact that President-elect Trump posted yesterday
two people who were not gonna be in his administration, Nikki Haley and the
former Secretary of State Mike Pompeo. Like that nothing as Joe said at
the top of the show nothing usual about that but it shows that this is going to
be completely different and looking ahead to what business can look for in
the administration it shows President-elect Trump very willing to
pick winners and losers based on who's supported him. Right. Hey Mike talking
about just a sort of wholesale shift in thinking what do you make of the tweet
over the weekend that Elon put out saying a hundred percent meaning he
agrees with the idea that potentially the Federal Reserve as we know it and
its independence and structure is effectively unconstitutional which was
the argument that we saw Mike Lee making over the weekend that that effectively
the Federal Reserve is in his mind part of the executive branch should be part
of the executive branch and whether you think there could even be a legal
challenge to make it such. Well Andrew at the earlier in the show you expressed
appropriate skepticism about the reality mechanics of that but pull back the
camera it shows something very real which is that Elon Musk is gonna drive
a lot of the debate conversation in and about this government. You saw this
yesterday where in the Senate majority leaders race which everybody thought was
kind of locked up for Senator John Thune of South Dakota with the other John
Senator John Corner of Texas in there. MAGA media the online influencers
started going all-in for Senator Rick Scott of Florida and it's a secret
ballot this will be Wednesday and so what the Trump forces are trying to do
the president has not President-elect has not endorsed but they're trying to
squeeze squeeze people to make public statements so you saw Marco Rubio come
out for his fellow home state Senator Rick Scott but driven online by Elon
Musk. Elon Musk got wound up by Tucker Carlson and Musk dropped a tweet
endorsing Rick Scott in the Senate majorities leaders race which drove a
whole new round of conversation so that is the future the X driving
conversation rising power for that platform Elon Musk as an idea generator
as an idea promoter somebody who's gonna be a massive hand voice in shaping the
new Washington
