As lawmakers take aim at prediction markets, Senators Adam Schiff (D-CA) and John Curtis (R-UT) discuss the bipartisan ‘Prediction Markets Are Gambling Act,’ why they support banning sports-style betting. The Senators and CNBC’s own Emily Wilkins all weigh in on the Capitol Hill negotiations on DHS funding. Then, a New Mexico jury has ordered Meta to pay nearly $400 million in a civil case over child safety on its platforms. New Mexico Attorney General Raúl Torrez explains the ruling, what it could mean for big tech and social media, and what comes next in the appeals process. Plus, OpenAI shutters its video app Sora.

Emily Wilkins - 12:04

Senators John Curtis & Adam Schiff - 17:23

Raúl Torrez - 35:56

In this episode:

Emily Wilkins, @emrwilkins

John Curtis, @SenJohnCurtis

Adam Schiff, @SenAdamSchiff

Raúl Torrez, @TorrezforNM

Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Cameron Costa, @CameronCostaNY

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As Iran denies President Trump’s assertion that the U.S. and Iran have held talks to end the war, CNBC’s Dan Murphy reports from Dubai. Former deputy national security advisor for the Trump administration Victoria Coates shares her perspective on the region’s future, including support for reliable, secure internet in Iran. On the ground at CERAWeek with the world’s energy executives, Brian Sullivan reports on oil pricing and supply amid the Iran War. Plus, prediction markets Kalshi and Polymarket are moving to ban insider trading, asset management giant Apollo is limiting withdrawals this quarter in the latest concerning signal in private credit, and Valley National CEO Ira Robbins shares what he’s seeing from the small and medium sized businesses that he banks.

Dan Murphy - 04:09

Brian Sullivan - 17:41

Victoria Coates - 24:44

Ira Robbins - 36:26

In this episode:

Dan Murphy, @dan_murphy

Brian Sullivan, @SullyCNBC

Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Cameron Costa, @CameronCostaNY

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Energy prices are on the move after President Trump posted on Truth Social that he ordered the U.S. military to postpone strikes on Iran’s power plants and energy infrastructure for five days. Shortly after the post, he spoke directly with Joe Kernen, mentioning “productive talks” with Iranian representatives and regime change. While Iranian media denied any such talks had taken place, the markets moved on each chapter of the news as it unfolded. Allianz chief economic advisor Mohamed El-Erian shares his own economic perspective, and then Richard Goldberg offers his analysis on the military operations still in play in Iran, as the former White House National Security Council Director for Countering Iranian Weapons of Mass Destruction. In Dubai, CNBC’s Dan Murphy reports on sentiment among the Gulf nations, including from his sources in Emirati leadership.

Mohamed El- Erian - 06:49

Richard Goldberg - 18:28

Dan Murphy - 29:21

In this episode:

Dan Murphy, @dan_murphy

Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Cameron Costa, @CameronCostaNY

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.