Squawk Pod: Blue to red: Ron Baron, Tarek Mansour on market drops & midterms – 11/06/26 | Audio Only
Two days after election day, the Nasdaq notched its largest single-day dollar loss on record after $2.5 trillion in market cap was wiped out from AI, neoclouds, and other tech companies. At play is Democratic state governance and regulation, potential data center slowdown, and the overall tech debt landscape. Anthropic’s IPO could become the fulcrum of the entire tech ecosystem, thanks to circular financing deals in tech and AI. Then, billionaire investor Ron Baron has been invested in Elon Musk for well over a decade. On the day of the annual Baron Conference in New York, the legendary founder of Baron Capital explains his long-standing support of Tesla and SpaceX–despite the hit both stocks took after Thursday’s rout. Plus, Kalshi co-founder and CEO Tarek Mansour discusses potential regulation under Democrats and how pollsters and prediction markets got the blue tsunami right in their midterms forecasts.
In this episode:
Tarek Mansour, @mansourtarek_
Joe Kernen, @JoeSquawk
Andrew Ross Sorkin, @andrewrsorkin
Katie Kramer, @Kramer_Katie
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