About this episode
The House of Representatives began debate on President Donald Trump’s sweeping spending bill following a late-night shift as key Republican holdouts threw their support behind the measure. Representative Ro Khanna (D-Calif.) stepped out of an hours long speech from Minority Leader Hakeem Jeffries (D-NY) to fill CNBC’s audience in on the broader implications of the legislation. Microsoft will lay off about 9,000 employees , just under 4% of its global workforce. CNBC’s Steve Kovach and fellow tech journalist Michal Lev-Ram discussed the role of AI in the cuts and the future of tech’s labor force. Meanwhile, U.S. payrolls increased by 147,000 in June , President Trump continues to put pressure on Fed Chair Jerome Powell to cut rates, and OpenAI is issuing a warning about Robinhood’s “tokens” in the company. Ro Khanna - 15:28 Steve Kovach & Michal Lev-Ram - 23:03 In this episode: Rep. Ro Khanna, @reprokhanna Michael Lev-Ram, @mlevram Melissa Lee, @MelissaLeeCNBC Andrew Ross Sorkin, @andrewrsorkin 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.