In a newsmaking–and market-moving–interview, Treasury Secretary Scott Bessent suggests that the U.S. may have a deal with Iran as soon as today or tomorrow. He says, the “K-shaped economy is over,” and the era of the “C-shaped” economy has arrived. Plus, Snap CEO Evan Spiegel is at the Aspen Economic Strategy Group meeting for his company’s latest earnings release; he’s looking forward to new innovations like Snap’s Specs to drive demand for AI compute. Treasury Sec. Scott Bessent - 14:10 Evan Spiegel - 44:59 In this episode: Scott Bessent, @SecScottBessent Evan Spiegel, @evanspiegel Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Treasury Sec. Bessent: A Deal with Iran 8/4/26

Squawk Pod

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[SPEAKER_C] Bring in show music, please.

[SPEAKER_D] Hi, I'm CNBC producer Katie Kramer. Today on Squawk Pod, two big interviews. Treasury Sec. Scott Bessent—

[SPEAKER_C] <a href="https://x.com/ScottBessent</a> Sorry, Joe, a day late, a yen short—

[SPEAKER_D] on the historic joint market intervention between the U.S. and Japan. And here's news. He says a deal with Iran for freedom of movement in the clogged Strait of Hormuz is close.

[SPEAKER_C] I think there is a chance we may have a deal today or tomorrow to open the strait and move towards a more normalized position in this conflict.

[SPEAKER_D] And Snap CEO Evan Spiegel, he's built glasses or specs for this new artificial intelligence-driven era, and he's ready for the next big invention.

[SPEAKER_E] What I'm really looking for are those sort of leading signs of, you know, what are the new consumer products that are being invented? What are the new experiences? That are going to drive more demand.

Treasury Sec. Bessent: A Deal with Iran 8/4/26

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Treasury Sec. Bessent: A Deal with Iran 8/4/26

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.