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This is Squawkpod and Becky Q. You're watching Squawkbox right here on CNBC. I'm Becky Quick along with Joe Kernan and Andrew Ross Sorcin. The US men's national team playing Wednesday night at 8 Eastern against Bosnia in the first round of the World Cup elimination round. And key factor for the US team success has so far been Argentine coach. Um you told me call him PCH but it's Pocutino. Yes sir. Is that okay? I just want to make sure I got it right. A key factor in hiring him, the man with us, with the US here with us, I said with the US with us this morning, uh is Scott Goodwin. He runs Diameter Capital Partners. Uh he's
helping pay for the US team's coaching staff. How did that happen? So, I was uh I was in July summer of 2024. They lost in the Gold Cup, which is the regional tournament. And I was venting to some friends who were big soccer guys. And are you just hold on back up? Are you just like a crazy soccer person to begin? Big soccer fan. because how did that even happen? I was born in Europe. I lived in France and Spain for a while growing up uh and was around the Real Madrid Galactic Goa in the early 2000s and I've had friends involved with the US soccer team forever and venting to them in
2024 that we needed a better coach. The World Cup's going to be here in two years. This is an opportunity. And I saw in the press they were talking to some big names and these guys who were involved with the team said, "Well, we can't afford them." I said, 'Well, we've just hired this amazing women's coach, Emma Hayes, uh, who's the top women's coach in the world that and went on to win the Olympics, hiring her. Um, so I said, "Let what about if I pay?" And they thought I was kidding. Uh, so the next thing I know, I'm meeting with the head of US Soccer, JT Batson, who I think you guys have had on at some point in time.
Uh, and he said, "Well, here's here's what we want to do. Here's what we want to build around having a really elite coach. Um, I'd love to have you involved." And I said, "Sure. If you can get one of these top two or three guys, I'd love to be involved." What do you get from this? Do you get tickets? Do you get this? It's patriotic pride. I want to win. I hate losing. And for me, the opportunity to put a competitive team on the field with a real leader that we have. We had good players, but we lacked leadership and lack culture. And what Mauricio has brought is culture, leadership, intensity, passion. So, is this right? You're So, you're paying six million bucks a year.
It's not public. what we are paying. That's what the some of the reports though. Yeah. I'm not going to get into the numbers but pricing this is not cheap. Not cheap. Very expensive coach. Is it worth it so far? Absolutely. How will you measure that actually? Well, the cultural change is the most important thing that happened first. The culture has been changed and I think the bar for what we're going to have from a men's national team perspective has been raised. Women's have we've done well for a long time. the bar needs to be higher for the men, which is winning real large tournaments. You know, the chalks,
so to say, is probably that the team makes the round of 16. So, wins on Wednesday and makes the round of 16. That's what the pundits have been predicting pre- tournament. I hope we can do better than that. We have a lot of momentum. We were on home soil. The country's buying in, the fans are buying in. Uh and Mauricio's got a team that is really a family. Um so, let's see if we can Do you have other investments in soccer? No. None. So you're not like in Major League Soccer or something. I just focus on my business. Yeah. Is this an investment or this is just a philanthropic gift?
It's philanthropic. It's not an investment. It's it's a gift to help the country and the trickle down effect of soccer. If we do well and we can start winning on the men's side just like we are on the women's, the trickle down effect of growing the game of the country, changing the paytoplay at the whether you have a stake in or want to have a stake in Major League Soccer or anything else in the US. Right now I'm focused on my business, you know, investing in credit and uh bonds, not soccer. Um do you in terms of the US team? Do what do you put the chances are? If you look, we were looking at Cali this morning.
Yeah. It's it's unclear. Listen, you can never know what's going to happen in a game. The random red card like what happened in 2024 that created the opportunity for us to get Mauricio when Tima got a red card. But, you know, I feel good about Wednesday and I feel good about things moving forward. What's the When you talk about the culture at the team, what was lacking before? How is it different? So, what Mauricio does is whether you're the kitman uh or the athletic trainer or you're the star player, everyone's the same. So, he came in and there was a group of kind of seven, eight, nine, 10 players who played in Europe that have been playing all the minutes and the other people, the younger people, people on
the outside didn't really feel like they had a chance. He tried out 70 players over 18 months and found this group of 26 that's come together. And some of the players that were playing before and some are new players like Antonio Freeman, you guys will remember from the Green Bay Packers winning Super Bowls. His son that I can see you have a picture of him right there is a is 21 years old star player right back. Mauricio basically discovered him. He was barely playing in MLS when he took over the US team and now he's playing in Spain in a Champions League team. So he's basically Ted Lasso. He culturally he might be Ted Lasso. His
soccer knowledge is a little bit better than uh than Jason Sedaka, but what you said like treating everybody equally across the that lesson of and also he comes from a culture in Argentina where football is religion. Soccer is religion there and here the NFL is religion. So trying to bring that idea that this can be religion for the fans, this can be religion for people in the country is something he's trying to instill in the team. And I think what you've seen in the game so far in LA and Seattle and back in LA, the fans are really engaging nationally, which is great. And hopefully on Wednesday, we'll have something similar in San Francisco.
Back to Ted Lasso against soccer is life, right? Football is life. Interestingly, there's been a bunch of articles about this though. How much of the fandom around um World Cup in the US do you think is US fans y versus corporates? And the reason I say that is the price tag obviously. Metife or anywhere else is astronomical. It is a lot of corporations buying into this either through boxes or seats or whatever in a way that's somewhat different. It's almost like the way the super the Super Bowl has become a corporate event. I've been to a lot of games so far. I went to the US games. I've been to some games at Metife. I went to the Brazil Morocco game there. And I didn't see a lot of corporations. I saw a huge amount of Brazil fans, Morocco fans that had
traveled from around the world. Uh listen, are the tickets expensive? Yes, but this is a well No, no, I mean it more in the US sense. By the way, I agree. People are flying in from all over. I'm saying do you think that the to the extent there are quote unquote there's a big question about US fandom for soccer and how much US fandom for soccer is actually being driven at the corporate level. I think it's driven at the grassroots level. We marched to the stadium in Seattle with thousands of fans that were banging on drums. Me, JT, Cindy and Dan Hellfrick who's the CEO of US Soccer. And I really think it's that what's needed here is
more of those kind of people coming in as fans of the national team. People are used to having their New York team, their Boston team, but if we can all become fans of the US. We tal I talked to him about Miracle and what that did in 1980 for the US, bringing the country together, I think he and this team can have a similar impact in terms of bringing the US together if we continue this run. It's very cool. Scott, thank you for coming in. Thank you for supporting the team, us all. I spent quite a bit of time yesterday trying to understand exactly, you know, if your fingernail is off sides, it doesn't count. And they try to see that, don't they?
They've got good technology. And it's it's sort of a it's not arcane, but it's not immediately implicit how it works, right? And yeah, I haven't gotten too into it. I spent some time with how the US is using AI around um penalty kicks. Yeah. and trying to see which players deal with pressure. It's a huge bummer for me when it doesn't count. Imagine if you're the guy who scores the goal. That's what I mean because you have to wait to celebrate. I watched and I don't regret it, but I watched Colombia Portugal. Yep. Zero. That was close. 0. I spent four hours. I liked it. I ended up liking it though. I did. But it was 00. What's great so far is the best players in the
world are performing. Messi, Mbappe, Alan, these top players showing up. You're telling me he's still hot. He's still ticking. And he played for Real Madrid, which is my club team. So, you know, I like Ronaldo. All right. But people say, what is he? 40 30. Yeah, I think 40-ish. Yeah. That's old, huh? Yeah. I love that. In soccer terms, it's old. Not in finance terms. That does it for SquawkPod today. Thank you for listening and thanks for starting your week with us. Squawk Box is hosted by Joe Kernan, Becky Quick, and Andrew Ross Sorcin. Tune in weekday mornings on CNBC at 6:00 a.m. Eastern to catch them live. You can always get the best takes and analysis from that 3-hour
TV show right into your ears if you follow SquawkPod wherever you get your podcasts. We'll meet you right back here tomorrow. Have a great day. Now we are clear. Thanks guys. Thank you so much. Welcome back to SquawkPod from CNBC with Joe Kernan, Becky Quick, and Andrew Ross. Joining us right now to talk the markets and the economy is Roger Altman. He is founder and senior chairman of Evercore. And Roger, it's great to see you this morning.
Thanks for having me, Becky. So there are a lot of people wondering this morning what to make of the sell-off last week. Chip stocks in particular, but technology has been what's been driving the market to these levels. I realize when you look at it at the end of the quarter, we're still doing phenomenally well. Gains of better than 12% for both the Dow and the S&P 500, up 17% for the Nasdaq, up 22% for the NASDAQ 100. How do you look at this as how you would take this measurement in time? What you would tell people? Well, I think like many people say, you can think of it as two markets. Big tech and everything else. Everything else I think is doing fine. Uh it's strong. It's stable because it's underpinned by the remarkable resilience
of the US economy. We can come back to that. And corporate profits, I mean, they're just strong. And I don't see anything out of whack between the non- tech side of the market and the underlying economy and corporate profits. On the big tech side, there's good news and other news. The good news is most of the big names are strong, very profitable companies. Alphabet, Amazon, Apple, and so forth. And there's no dot side to this. And uh you know there may be and there will be I think regular price girrations, corrections uh but that's fundamentally healthy when companies are valued at those levels. I don't think anybody understands, at least I don't, how to value companies like SpaceX or Anthropic. And they're
probably going to be some pretty uh they're very probably very volatile prices like we're seeing on SpaceX right now on that side of it. But the companies are fundamentally good impressive companies and that is the right the important thing for the long term. But people who own them have to be ready for a lot of volatility. Now for example the chips chip sector you mentioned last week down 8 to 9%. But the index had been up 100% for the year correct? So it's just normal it's healthy. Now do I think the valuations on a lot of big tech are very high by historical standards? Objectively they are. But I think the underlying businesses are good ones.
There's this running debate and obviously it takes two sides to make a market. David Bonson, his point was that we're only one of the major spenders in capex for AI. We're only one step away from one of them saying that they were going to spend less money and that would trickle down. That he doesn't necessarily believe the forward earnings numbers. Not that he doesn't believe valuations for a lot of these companies aren't out of whack, but you know, if you have one of these supercalers saying that they're not going to spend as much money and then that brings into question the earnings for any of these companies down the road, um that's how it might start. Well, there is a giant
debate as you know better than me uh because it plays out every day here on your show um whether these gigantic amounts being invested in all aspects of AI are going to generate strong returns and I don't know anybody who truly knows the answer to that question but the amount of spending has so much momentum behind it that I think if even one of the of the important participants scaled back not sure that alone would change the dynamic. Um I mean these are astonishing sums by the way all around the world in various places in the Persian Gulf for example, not just America. And there's a lot of momentum behind that spending.
You talked about the economy and being really strong. We do have a jobs number that we're going to get later this week. Um what's the key to the economy at this point? It's withtood higher oil prices. It's withstood all kinds of things. The US economy, Becky, is a marvel. I mean, it really is a marvel. So, uh, first quarter GDP growth 2.1%. Real consumer spending right now 2%. Um, unemployment very low. Uh, corporate profits strong business fixed investment as we just discussed very strong. Inflation is an issue, but we think that underlying inflation is running at about 2 and a half%. And you've got these three extraneous factors, oil, tariffs, and AI. Uh, and they're keeping it above
its underlying rate. And we think inflation will abate maybe slowly, but it will. Uh, and I personally don't think the Fed's going to hike in late July, but who knows? But this is a model of resilience, and it's there's there's a reason. It's the envy of the rest of the world. And as you say, it's shaken off tariffs. It's shaken off higher oil prices. It's shaking off the Iran war. is shaken off turmoil in Washington at least so far which is pretty amazing. What do you think of Kevin Worsh so far? Last time we had him on Yuan was before his first speech. I'm impressed with Kevin Walsh. Uh I'm impressed with um the way he started which I think is a self-confident way.
I'm impressed with his emphasis on price stability. He's going to be an inflation hawk. And I'm I'm impressed with the sense uh that I think he's conveying in effect through his body language of independence. So, and I also think we're fortunate to have him because of all the other names that were bandied about during the pre-election process, there were a lot of people who wouldn't have the capabilities that I think he has. So, I give him I mean, I'm impressed with him. He's just starting, but I think he's a good choice. Let me ask you from your investment banker perspective what you think about this news we heard this morning Comcast splitting into two new companies. Does that make sense to you?
It does. Uh I think you could argue that might have been better done a while ago when Versent was still part of uh well just in general uh because Com Comcast share price obviously in recent months has done very poorly but it's the right step. I commend Brian and Mike and the others for taking it and uh I think it gives them now a lot of optionality once they complete the split on both sides of the company in terms of additional combinations and other things. So it's the right move. You could debate the timing of it. Maybe they should have done it a year or two ago, but it's the right move.
What kind of transactions when you start to think about could play out as a result of this? Do you look at any of the businesses and say they stand alone and just continue for the next decade like this or do you think that it only creates genuine value if there's a transaction related to each? Well, they're both perfectly solid companies uh financially and I don't know what may happen, but as an example, if this split had happened two years ago, I mean, actually effective, not just announced, the NBCU side of the company could have made a much more serious run at Warner Brothers Discovery, right? And as you know, they tried to do that. But had they been separate and separately valued, they could have
really been a serious competitor and maybe gotten that done. I don't know what particular you know transactions might occur. Uh I think on the Comcast side and you were talking about this morning I think a charter is sort of the natural well but I mean the whole impact of Starlink director device I mean that is going to be profound. So I think that whole industry, you know, not just uh Comcast, right, and Charter, but Verizon and T-Mobile and so forth is facing a little bit different future. So u I don't know what'll happen there, but there's some obvious possibilities on the NBCU side. Not sure, but um the company just has more flexibility.
What else are you watching in the markets these days? because you sound pretty I don't want to say complacent, but you sound pretty relaxed about what you see. Well, what is the one thing I worry about? Yeah. I worry that there's going to be pressure against free and fair elections this November and efforts to disrupt them. President Trump talks about this all the time. And if they really were disrupted, and I hope that won't be the case, I think you could see some real coming apart in this country, which would be really bad. Uh, and those elections are only four months off. If I was an investor and I really thought
they were going to be interrupted, prevented, curtailed, I wouldn't like it. But that's the only thing you worry about at this point. Well, I mean, you worry that Iran, the Iran war goes the wrong way, but I doubt it because neither side wants a resumption of real hostilities. I think it's uh whole thing is unfortunate, Iran. Uh, and I think every day that goes by it becomes more clear that it is unfortunate or was. But I do think that'll be essentially steady as she goes for the foreseeable future. Um, and
you know, the economy and the markets are just ignoring the turmoil in Washington. The and the turmoil in Washington is really unbelievable. I mean, you look at what's going on the among the Senate Republicans and President Trump. You look what's going on and all this stuff around the filibuster and the Save Act. Well, talk about the Save Act because you talk about election integrity and being disrupted. It's if it's 83% think of the country thinks that you should have a voter ID. Why? Well, voter ID is different. I favor voter ID.
Okay. But we're talking about an election integrity because people don't people do not trust elections in this country right now. So, it's a it's an overall problem from both sides. From your side and from the other side. Why is it so hard to get a single Democrat besides John Federman to say that we should have voter ID? Well, oh, actually, I think there are quite a few Democrats who support voter ID. Then it could pass. What's different in this bill than voter ID? Well, wait a minute. There's a big difference between the SAVE Act, okay, explain, and voter ID. Okay, voter ID, I really think most Americans support it. I think a lot of Democrats support it. Yes, some
don't. But that's a very reasonable thing and we should have it. Save says you must produce proof of citizenship. Now proof of citizenship means effectively a passport or a birth certificate. So only half of Americans, a little less maybe have a passport. Half of Americans Yeah. Now could you find your birth certificate on short notice? Yeah, I know exactly. Well, okay. I couldn't. Yeah, most people couldn't. So if you don't have a passport only because I had to get it when I changed my name. So Okay. But if you don't have a passport, which is half of Americans, Yeah. and therefore the only way you can vote
is to produce your birth certificate. That's crazy. Yeah. That's just crazy. Voter ID, that makes sense. We should do that. Just show a license or something. Yes. Any government issues ID. New York City issues a you know, various levels of ID. And obviously we have now national driver's licenses that you can use in many places instead of passport. You can get a driver's license if you're not a citizen, obviously. Do you think only citizens should be able to vote? Well, uh, yes. Citiz only citizens should be able to vote, but took you a while, but no, no, no. I had to think it through for a
second terms of who gets driver's licenses. But, uh, but most forms of voter ID as proposed makes sense. I don't think that's the issue. That's not the issue in the Save Act. Okay. I just I'm I think about a lot of things that could go wrong with the market and whether these elections come off I mean maybe some prior elections I worry about whether they came off well let me give you one that's be like dead last for me I you know climate change I mean what if there's a hurricane well let me give you an example of what could be bad okay so you know the conventional wisdom is that the Democrats will win the house by a narrow margin
well then when it comes to early January The existing house has to certify the new house. Mhm. And let's just imagine that President Trump directs Speaker Johnson not to do that and Speaker claiming fraud and Speaker Johnson refuses to do it. You are going to see some really, really serious chaos and maybe the markets ignore it. If I was an investor, I wouldn't. And that's a realistic scenario. Roger, it gives us a lot to think about. Thank you for joining us. Always a pleasure. Thanks for having me. The US may be having its soccer moment. At least Scott Goodwin thinks so.
Investor by day, huge soccer fan by night, the hedge fun has donated to the men's national team to bring on the best possible head coach. We've had good players, but we lack leadership and lack culture. And what Mauricio has brought is culture, leadership, intensity, passion. The tightest games of the World Cup and financing the US team right after this. This is Squawk Pod. Up and Becky Q. You're watching Squawkbox right here on CNBC. I'm Becky Quick along with Joe Kernin and Andrew Ross Sorcin. The US men's national team playing Wednesday night at 8 Eastern against Bosnia in the
first round of the World Cup elimination round. And key factor for the US team success has so far been Argentine coach um you told me call him PCH but it's Pocutino. Yes sir. Is that okay? I just want to make sure I get it right. A key factor in hiring him the man with us with the US here with us I said with the US with us this morning uh is Scott Goodwin. He runs Diameter Capital Partners. uh he's helping pay for the US team's coaching staff. How did that happen? So I was uh I was in July summer of 2024 they lost in the Gold Cup which is a regional tournament and I was venting to some friends who were big soccer guys.
And are you just hold on back up? Are you just like a crazy soccer person to begin with? Big soccer fan because how did that even happen? I was born in Europe. I lived in France and Spain for a while growing up uh and was around the Real Madrid Galactico in the early 2000s. Okay. And I've had friends involved with the US soccer team forever and venting to them in 2024 that we needed a better coach. The World Cup's going to be here in two years. This is an opportunity. And I saw in the press they were talking to some big names and these guys who are involved with the team said, "Well, we can't afford them." I said, "Well, we've
just hired this amazing women's coach, Emma Hayes, uh who's the top women's coach in the world." that and went on to win the Olympics hiring her. Um, so I said, "Let what about if I pay?" And they thought I was kidding. Uh, so the next thing I know, I'm meeting with the head of US Soccer, JT Batson, who I think you guys have had on at some point in time. Uh, and he said, "Well, here's here's what we want to do. Here's what we want to build around having a really elite coach. Um, I'd love to have you involved." And I said, "Sure. If you can get one of these top two or three guys, I'd love to be
involved." What do you get from this? Do you get tickets? Do you get this? It's patriotic pride. I want to win. I hate losing. And for me, the opportunity to put a competitive team on the field with a real leader that we have we had good players, but we lack leadership and lack culture. And what Mauricio has brought is culture, leadership, intensity, passion. So, is this right? You're So, you're paying six million bucks a year. It's not public what we are paying. That's what some of the reports though. Yeah. I'm not going to get into the numbers, but this is not cheap.
Not cheap. Very expensive coach. Is it worth it so far? Absolutely. How will you measure that actually? Well, the cultural change is the most important thing that happened first. The culture has been changed and I think the bar for what we're going to have from a men's national team perspective has been raised. Women's have we've done well for a long time. The bar needs to be higher for the men, which is winning real large tournaments. you know, the chalks, so to say, is probably that the team makes the round of 16. So, wins on Wednesday and makes the round of 16. That's what the pundits have been predicting pre-ournament. I hope we can do better than that.
We have a lot of momentum. We were on home soil. The country's buying in, the fans are buying in. Uh, and Mauricio's got a team that is really a family. Um, so let's see if we can Do you have other investments in soccer? No. None. So, you're not like in Major League Soccer or something. Is this I just focus on my business. Yeah. Is this an investment or this is just a philanthropic gift? It's philanthropic. It's not an investment. It's it's a gift to help the country and the trickle down effect of soccer if we do well and we can start winning on the men's side just like we are on the women's. The trickle
down effect of growing the game in the country changing the pay to play at the you have a stake in or want to have a stake in Major League Soccer or anything else in the US. Not right now. I'm focused on my business, you know, investing in credit and uh bonds, not soccer. Um, do you in terms of the US team, do what do you put the chances are if you look at we were looking at Cali this morning. Yeah. It's it's unclear. You can never know what's going to happen in a game. The random red card like what happened in 2024 that created the opportunity for us to get Mauricio when Tima got a red card. But, you know, I feel good about Wednesday and I feel
good about things moving forward. What's the when you talk about the culture at the team, what was lacking before, how is it different? So, what Mauricio does is whether you're the kitman uh or the athletic trainer or you're the star player, everyone's the same. So, he came in and there was a group of kind of seven, eight, nine, 10 players who played in Europe that have been playing all the minutes and the other people, the younger people, people on the outside didn't really feel like they had a chance. He tried out 70 players over 18 months and found this group of 26 that's come together and some of the players that were playing before and some are new players like
Antonio Freeman. You guys will remember from the Green Bay Packers winning Super Bowls. His son that I can see you have a picture of him right there is a is 21 years old star player right back. Mauricio basically discovered him. He was barely playing in MLS when he took over the US team and now he's playing in Spain in a Champions League team. So he's basically Ted Lasso. He culturally he might be Ted Lasso. His soccer knowledge is a little bit better than uh than Jason Sedaka. But what you said like treating everybody equally across the that lesson of and also he comes from a culture in Argentina where football is
is religion. So soccer is religion there and here the NFL is religion. So trying to bring that idea that this can be religion for the fans, this can be religion for people in the country is something he's trying to instill in the team. And I think what you've seen in the game so far in LA and Seattle and back in LA, the fans are really engaging nationally, which is great. And hopefully on Wednesday we'll have something similar in San Francisco. Back to Ted Lasso against soccer is life, right? Football is life. Soccer. There's been a bunch of articles about this though. How much of the fandom around um World Cup in the US do you think is US fans versus corporates? And the reason I say
that is the price tag obviously. Yeah, Metife or anywhere else is astronomical. It is a lot of corporations buying into this either through boxes or seats or whatever in a way that's somewhat different. It's almost like the way the super the Super Bowl has become a corporate event. I've been to a lot of games so far. I went to the US games. I've been to some games at Metife. I went to the Brazil Morocco game there and I didn't see a lot of corporations. I saw a huge amount of Brazil fans, Morocco fans that had traveled from around the world. Uh listen, are the tickets expensive? Yes. But this is a welcome.
No, no, I mean it more in the US sense. By the way, I agree. People are flying in from all over. I'm saying do you think that the to the extent there are quote unquote there's a big question about US fandom for soccer and how much US fandom for soccer is actually being driven at the corporate level? I think it's driven at the grassroots level. We marched to the stadium in Seattle with thousands of fans that were banging on drums. What? Me, JT, Cindy, and Dan Hellfrick who's the CEO of US Soccer. And I really think it's that what's needed here is more of those kind of people coming in as fans of the national team.
People are used to having their New York team, their Boston team, but if we can all become fans of the US. We tal I talked to Mauricio about Miracle and what that did in 1980 for the US, bringing the country together, I think he and this team can have a similar impact in terms of bringing the US together if we continue this run. It's very cool. Scott, thank you for coming in. Thank you for supporting the team, us all. I spent quite a bit of time yesterday trying to understand exactly, you know, if your fingernail is off sides, it doesn't count. And they try to see that, don't they?
They've got good technology. And it's it's sort of a it's not arcane, but it's not immediately implicit how it works, right? And yeah, I haven't gotten too into it. I spent some time with how the US is using AI around um penalty kicks. Yeah. And trying to see which players deal with practice. It's a huge bummer for me when it doesn't count. And imagine if you're the guy who scores the goal. That's what I mean because no, you have to wait to celebrate. I watched and I don't regret it, but I watched what Colombia Portugal. Yep. Zero. That was close. 0. I spent four hours. I liked it. I ended up liking it though. I did, but it was 00.
What's great so far is the best players in the world are performing. Messi, Mbappe, Alan, these top players are showing up. You're telling me he's still hot. He's still ticking. He played for Real Madrid, which is my club team. So, you know, I like Ronaldo. All right. But people say, what is he? 40 30. Yeah, I think 40-ish. Yeah. That's old, huh? Yeah. Well, I love that. In soccer terms, it's old. Not in finance terms. That does it for SquawkPod today. Thank you for listening and thanks for
starting your week with us. Squawkbox is hosted by Joe Kernan, Becky Quick, and Andrew Ross Sorcin. Tune in weekday mornings on CNBC at 6:00 a.m. Eastern to catch them live. You can always get the best takes and analysis from that 3-hour TV show right into your ears if you follow SquawkPod wherever you get your podcasts. We'll meet you right back here tomorrow. Have a great day. We are clear. Thanks, guys. Thank you so much.
