Progress in DC & Tips for Travel Chaos with The Points Guy 11/10/25

0:00Bring in show music, please. This is Squawk Pod, and I'm CNBC producer Cameron Costa. On today's episode, one step closer to ending the shutdown. But lawmakers still have a long way to go, through the Senate and then the House. Why doesn't the House come back now? Hello, come back, put this together. And finally, the president's desk. The shutdown's impact won't end with a resolution, though. Flight cancellations and staffing shortages are grounding travelers across the country. What you need to know for your travels with the points guy, Brian Kelly. Your flight may be canceled, but don't assume the airline is going to even notify you, let alone rebook you.

0:42Often you have to go in and select. Then where Democrats go from here. Once a fundraiser for President Obama, real estate entrepreneur Don Peebles is adrift from his own party. But he's ready to receive New Yorkers who are fleeing to Florida. The volume of interest is picking up rapidly for condos and single-family homes in Miami and Palm Beach and Broward County. Those conversations, plus two MLB pitchers charged with taking bribes. CNBC's Contessa Brewer has the story on the scandal. It's this betrayal of the sport that so many people love that is raising concerns about how fast, how widespread sports gambling has become.

1:25All that and much more this Monday, November 10th. Squawk Pod begins right now. Stand Becky by in three, two, one. Cue it, please. Good morning, everybody. Welcome to Squawk Box right here on CNBC. We are live from the Nasdaq market site in Times Square. I'm Becky Quick along with Joe Kernan and Andrew Ross Sorkin. And happy Monday. Three-fifths of the Senate duly chosen and sworn, having voted in the affirmative, the motion upon reconsideration is agreed to. Let's get you caught up on what's going on in Washington over the weekend. The Senate now taking a first step towards ending that more than 40 day now long government shutdown.

2:10Emily Wilkins is I don't know if you slept for the last 72 hours. Where are we? Well, Andrew, we have a breakthrough. We've first Congress has broken through the logjam and they now appear to be on this glide path to reopen the government. Now, what happened last night is eight Senate Democrats. We've been looking for that number for the last 40 days. They joined with Republicans to take that first steps to pass a funding bill. Finally, again, hitting that 60 vote threshold. And look, there are going to be a few more votes in the Senate. We've got to have at least one more vote in the House. But at this point, the shutdown could be done within the next couple of days and within the next week.

2:47Now, the agreement that they put together, it funds part of the government, including things like SNAP, agriculture, veterans programs for the rest of the 2026 fiscal year for the rest of the government and continues funding until January 30th. It also goes ahead and reverses those attempted firings of federal employees during the shutdown. make sure that all the federal employees are going to get their back pay. And Democrats have been promised a vote on extending those health care tax credits by the second week of December on a bill of their choosing. And while, again, these eight Democrats, they've said the deal on the table right now, it's the best they were going to get, others within their party, including Senate Minority Leader Chuck Schumer, were livid that the shutdown is going to end with no concrete deal on those health care tax credits.

3:37I must vote no. This health care crisis is so severe, so urgent, so devastating for families back home that I cannot in good faith support this CR that fails to address the health care crisis. The Senate will meet today to keep moving this package forward. The House is also expected to return this week and they, of course, they're going to need to pass the Senate's agreement before this is over. Guys? So in terms of timing, what does this actually look like to you? So, Andrew, this could go very quickly as long as you have agreement from every single senator that they want this to end soon. And we have already heard Senator Rand Paul has some concerns with the bill.

4:21Remember, he's that one Republican who has voted no. He could potentially hold things up. Really, any one senator could. But a lot of the senators also recognize that there is a lot of pain between the flights, between federal employees not getting paid, between all the back and forth we've seen with food assistance. House, meanwhile, they've been told they've got a 36-hour time window in which they could be called back, and they are expected to be called back at some point this week. So I would say anything can happen, but right now, safe bet that this is done by Friday. That's true. Emily, the Republicans saw 10 to 12 Democrats were going to go for it.

4:55But as usual, most of them wanted cover, and so they got exactly the number they needed. Some of them are retiring or not running for reelection. But any of the other ones that I don't know, want to pretend that they're, you know, holding firm. So if Rand Paul went, they'd easily get one of those other ones that they think they want to do it. Obviously, they're going to reopen the government. They're folding. Why doesn't the House come back now? Because the additional days that it's going to take to open this up at this point, like, hello, come back, put this together. I mean, Becky, if I was a member of the House, I'd be getting on a plane right now.

5:33They thought they were getting 10 to 12. Good luck getting on a plane. They're all canceled. That's why I'm here. That's the next story. They're driving. That's the next story we're talking about. Now it's getting serious, this next story. Because of the private planes. Yes. We discussed this last week. That was my idea. Let's tell them. You were pushing Teterboro, which was actually the wrong. I actually thought about it afterwards. Teterboro was the wrong call. What they're doing here is the right call. We can explain to the audience. The FAA, this out in the last hour, is going to prohibit most private jets at 12 major airports amid air traffic controller shortages.

6:10Flight reduction ordered last week did not include private flights. A business aviation trade group said in a statement that the new restrictions will effectively prohibit business aviation at those 12 airports on the list. Chicago, O 'Hare, JFK, Newark, Liberty, LAX and Reagan National. So my idea, Becky, was you get Liz Warren and Bernie Sanders having to fly commercial, and that's going to end very quickly. And then the other thing, Andrew, which you didn't think about, the big climate change conference starting today down in Brazil. No one will be able to get there. None of the climate changers will be able to get down to Brazil without taking their private jets and parking them all in.

6:50That's all. That's my commentary. I know it's Monday. Come on, lighten up. How's your orbit? is it okay? My O-ring's okay. Oh, okay. So they did... How did you get back here? Delta. Delta did great. Doesn't Delta have a private jet unit? It's got like wheels up or something. Delta out of Austin was doing great. Were you in 1A? No, I was not in 1A. 2A? Yeah, you don't like the bulkhead. 4D. No, what we were thinking about last week when we were talking about whether they should shut down Teterboro. The truth is, shutting down Teterboro, actually, I was thinking doesn't help. Tell me why. No, because those air traffic controllers can't actually be, you can't shift them overnight to some other airport or somehow it's not going to help them.

7:39So the better move is to do this, which is to effectively stop it out of the big airports. This was our idea. So I don't know whether they were watching. We can only hope they were watching us on Friday. The ridiculousness of this entire situation at this point. please go back to work. And Hakeem Jeffries totally ticked me off. He said they're going to fight it in the House at this point when it comes back to the House to do this. I was asking, could one good man or woman step up? John Fetterman, after 40 days as a consistent voice against shutting our government, I voted yes for the 15th time reopen.

8:13I'm sorry to our military, our SNAP recipients, our government workers, our Capitol Hill police who haven't been paid in weeks. It should have never come to this. This was a failure. So he's, I don't know where he's, He's going to be walking around the Senate floor and people are going to be like this. He's going to have to go become a Republican. Part of the problem, even with this bill that Emily was talking about this morning, is it funds things through like January 30th or something, but it does fund some places for a year, including Congress. So they're not going to feel the pain if there's a shutdown that comes again after this.

8:40What about, I think Schumer's toast? You can't hold your party together. You can't maintain it. I don't know why you would go around saying we're going to continue to fight this. The left flank is furious. God, Chris Murphy has lost his mind. Why? What did he say? Oh, he's just been through all of this. Connecticut, is that blue? I guess it is. That's what they want in their elected people, I guess. All right. President Trump, meantime, praising his administration's tariffs and questioning whether the Supreme Court has the power to restrain his ability to impose them. The president posting about this on social media over the weekend after several Supreme Court justices seemed skeptical of the administration's tariff arguments last week.

9:25Trump said that the idea that a president could halt all trade with a country yet still be restrained from putting tariffs on it was, in his words, ridiculous. Earlier, he called people who are against tariffs fools and said a dividend of at least$2 ,000 a person, not including high income people, will be paid to everyone. Meantime, we are watching shares of health insurance companies. President Trump slamming the industry over the weekend on Truth Social as well. On Saturday morning, here's what he said. He said, I am recommending to Senate Republicans that the hundreds of billions of dollars currently being sent to money-sucking insurance companies in order to save the bad health care provided by Obamacare be sent directly to the people so they can purchase their own much better health care and have money left over.

10:11This was posted more than a day before the Senate reached a deal on the beginnings of that process to reopen the government. Obamacare subsidies were one, of course, of the chief sticking points throughout those negotiations. Republicans always fall back on that when they say that you don't have a plan. They always come up with these health savings accounts, that that's the way you should do it. You should have the money. So you buy it from who? From private insurance companies? You can buy it wherever you can get it and get a good deal, shop around and do what everyone else does. That sounds like mass chaos, too.

10:38There don't seem to be great solutions. It can't be any worse than the Unaffordable Care Act. There don't seem to be any great solutions to any of this, at least not in the immediate term. If you had money, what I'm worried, I mean, you've got to spend it on that. That's my immediate concern, being one of those accounts. I mean, you can't just send out money and expect people. It's like, well, maybe I feel pretty good. I might go on vacation. You need to spend it on health care. If you're going to be doing this. Another sports betting scandal has erupted this time in Major League Baseball. Contessa Brewer joins us now with more.

11:17Good morning. Good morning. Yeah, federal prosecutors have indicted two Cleveland Guardians pitchers. Emmanuel Classe and Luis Ortiz are accused of rigging their pitches to allow bettors to profit in a scheme worth nearly half a million dollars. Classe's star is a star closer and Ortiz is a starting pitcher. both from the Dominican Republic and both facing a slew of federal charges, conspiracy related to wire fraud, money laundering and more. And prosecutors say over the last two years, the players telegraphed their pitches to conspirators who then bet on the pitches and profited, sharing the winnings with Class A and Ortiz.

11:57For example, in a game against the Red Sox in June 2023, Prosecutors say Class A arranged to throw a ball with a pitch slower than 95 miles an hour. And they included this image in the indictment of the ball hitting the dirt. And they say the bettors won$58 ,000 because of that pitch. Though the MLB restricts cell phone usage, prosecutors say they busted Class A using his phones during the games with bettors, asking if they're ready. The scheme wasn't always successful, though. prosecutors outlined one game where bettors wagered about 16 legs of a parlay on a pitch. They wanted big money, but the batter actually swung at a pitch that was supposed to be a ball, resulting in a strike and breaking the parlay.

12:42Kossé allegedly texted a sad puppy dog emoji. Similar accusations against Ortiz. He was arrested in Boston yesterday. He's scheduled for federal court there today. His lawyer says Luis Ortiz is innocent of the charges related to two pitches he threw. He's never, would never improperly influence a game, not for anyone and not for anything. Klasse is not in U.S. custody, though authorities did not explain his whereabouts. But in a statement, his attorney said Emmanuel Klasse has devoted his life to baseball and is doing everything in his power to help his team win. Emmanuel is innocent of all charges and looks forward to clearing his name in court.

13:20Now, MLB and the Guardians have both said they have cooperated with investigators and they are doing their own investigation. but the Players Association is not commenting on the matter. The U.S. attorney says they defrauded the online betting platforms where the bets were placed, and they betrayed America's pastime. And I really think it's this betrayal of the sport that so many people love that is raising concerns about how fast, how widespread sports gambling has become. But what the experts in this industry and those who came and have expertise in Europe will say, this has been going on as long as sport has been going on.

14:03There has always been gambling on sport. It's just that now it's much more transparent and you can spot the aberrant behavior in ways that you couldn't. You don't just mean gambling, but you mean fixed gambling. Yeah, even fixed gambling. Because you're a lot of gambling in sport. No one's saying don't do that. I just think that a lot of people... You mean there was always the opportunity to try to rig the game, even if it was illegal. But even when it wasn't legalized gambling. Right. There were bookies that you went to. There were pools that you were part of. You could wager on sports if you wanted to.

14:36Yeah, but there's so much more money now. And that creates not only more opportunity, but more incentive for people to do something along those lines. And the leagues are taking notice. They're standing up and going, look, do we really have to have a bet available on a kicker in a football game that he's going to miss the kick? Can't it just be to make the field goal? Yeah, a pitch in the dirt. But it sounds like it's part of parlay, as you said. So it would break the parlay if that one didn't work. It's not a single bet. No, some of them were single bets. But on micro bets, just on the pitches, not on the game outcome itself.

15:11They're on individual in-game pitches where you're making money like that. And I mean, that's the leagues signed off on this stuff. They've got to be rethinking all of it now. I think that they're not rethinking the overall idea. But the bets you can put along. Yeah, I think there's too much money at stake to rethink the whole kit and caboodle. Yeah. But the idea that you can bet on so many things, like the Gamblers Anonymous sort of way of looking at life. Yeah. That's a lot. Thanks, Contessa. Sure. Cheese will be next. Coming up on Squawk Pod, the future of the Democratic Party. Fresh off major wins in off-year elections and a messy compromise deal to end the government shutdown is complicated.

15:58We speak with a former fundraiser for President Obama, Don Peebles. What he says might surprise you. My party has left me because they've got ideals and things that don't reflect my beliefs. I'm not a socialist. I believe in a free market system. Plus, the longtime Florida resident points out the Sunshine State is welcoming New Yorkers with open arms and, naturally, open wallets.

16:26This is Squawk Pod. Up and enter, Q. You're watching Squawk Box right here on CNBC. I'm Andrew Osorkin, along with Joe Kernan and Becky Quick on this Monday morning. The election of Zoran Mamdani as New York City's next mayor, raising some concerns that wealthy New Yorkers will leave the city. Joining us now is Don Peebles, the Peebles Corporation CEO and chairman. Don, it's been a while. How are you doing? How are you? I'm good. The gray hair is not just from Mamdani, I don't think. Is it in the drift of the Democratic Party that was there? That's that's been coming in for a while. That's been coming in for a while.

17:07It's been a gradual process, as you know, since really 2008, right? As you know, as you know, I do know. So, John, the first thing we saw was he's already been named realtor of the year in Miami Beach. Is that true, Mom Donnie? Absolutely. And more awards to come because there's more of a migration coming down to South Florida. In fact, I'm in Miami right now and I got some numbers on Friday and we're seeing these trends now. The volume of interest is picking up rapidly for condos and single-family homes in Miami and Palm Beach and Broward County. And I expect to see more on the West Coast. I'm going there to look at a couple of projects out on the West Coast of Florida as well.

17:47So there's going to be a great migration coming down to South Florida and to Texas. I think Dallas is poised to pick up a lot more business. J.P. Morgan, Goldman, Fortress, Guggenheim and other investment firms have moved major operations to Texas, to Dallas. Don, I think I saw you on another network that shall not be named here, but. I was a little bit surprised and it almost looked like. Some of your views had shifted in light of some of the recent drift of your party, of the Democratic Party. You were one of President Obama's big supporters. You even say that's when it started moving left and now it's kind of just out of control?

18:34Yeah, I think that Obama was a shift from moderate. Bill Clinton was a moderate Democrat, and today he would be a Republican. And Obama was a shift from him to a much more moderate, from a moderate Republican into more of a left-leaning Democrat. And that's when it started. And interestingly enough, by the way, the reason I think that Mondani was so successful politically is he had the same head of ground operations that we had with Obama, Patrick Gaspar. So Patrick ran President Obama's campaign on the ground game and they had record turnouts, especially for minority voters in urban centers. And if you look at what happened with Mondani, it was the turnout that brought him to the promised land in terms of his victory.

19:21So were you a man without a country now? Well, Don, where do you land at this point? Well, you know, there's a growing number of us. I think that, look, I think that the Republican Party in many ways espouses a pro-business environment, one that resonates to entrepreneurs like myself. And then I think the Democratic Party is a party of inclusion. But I think they've lost their way now and it's been hijacked. I've talked about this a bunch of times that the far left has hijacked the Democratic Party. And so many of us now feel like, hey, we're Democrats, but we're old time Democrats. And the Democratic Party of today is leaning more towards socialism.

20:01And clearly, I'm a capitalist and our democracy is based on capitalism. So I think that the Democratic Party is in danger of becoming a long term kind of protest minority party. And when I mean minority, I mean just a shrinking number of voters. But, Don, if you think about, look, there's Mondami on one side of it. I get that. But then you got, you know, Gavin Newsom on the other. I'm sorry. I'm sorry. Don't laugh. I'm just saying I'm saying of the people who represent someone moderate. Gavin Newsom, I mean, the truth is, I would think on a relative basis to Mondami, you would say he's a capitalist on a relative basis.

20:41Look at all the big tech companies that have been developed in California. I wasn't laughing at you. I was laughing at Don. Well, I think what happened is after Mike Bloomberg, and Mike Bloomberg was much more of a moderate, stabilizing influence for New York. After he left and Bill de Blasio came in, it just disrupted the economic system in New York and made it more painful for those who are at the bottom end of the economic system and those who are at the middle of it struggling. And those voters did not vote for Eric Adams. They voted for Maya Wiley. And now they had a chance and they were more mobilized and they voted for Mamdani.

21:19And it's not him. It's the idea that this is not working in New York and the same old politics of the past aren't working. Ultimately, by the way, I think that this is going to affect New York state, too. I think Kathy Hochul's in a world of trouble because I think that the rest of the state is saying what the heck is going on in New York City. And I think you're going to see a shift there. I think she's going to have a tough battle to get reelected. Hold on, you think the state turns towards Mondami or you think the state turns towards her? Because she's already out saying in the past 48 hours, you know, we're not doing free buses necessarily.

21:51Maybe we'll do some kind of program for people, you know, low-income people who need help to get on the bus. But we're not doing some of these things. Well, she's the epitome of a politician who speaks out of both sides of their mouth. So she's out there in Puerto Rico saying how Mondami ran the most transformative campaign and then is now trying to walk it back a little bit. The end of the day is it'll go. I think a Republican candidate that's moderate will have a tremendous opportunity to unseat her if she is a Democratic nominee. I'm not sure she gets to be the Democratic nominee. Don, is Gavin Newsom, I mean, just back to that, is he the kind of person that should be talked about as the leader of the Democratic Party?

22:34What does he have to run on in California? Is it him? Is it Schumer? No, it's Shapiro. I mean, can I put in Shapiro's name? Someone like that, maybe. I can't imagine that the country would embrace Gavin Newsom. No, look, I think Gavin Newsom's moment to become president passed. I think he should have run against Biden for the Democratic nomination. And in fact, I encouraged him to do it. And he didn't want to do it. And being president is about timing, too, and about where the country is moving to. I don't think that California is a success story anywhere in the country, even in California. It's not a success story.

23:13So I don't think he has a platform to run on. You think the pendulum can swing back? I agree with you. I think maybe, and I wouldn't call Spanberger necessarily that conservative or even Mikey Sherrill, but that's sort of like the new, sort of what moderate Democrats are holding up as the future. They're not holding up AOC and Bernie and... But can they win without that part of the party? I mean, the Democratic Party is very split. The geographic center seems to be over there. We're far left, Don, which is why, you know, you look horrified. When I saw you on that other network, I was like, wow, I think I know that guy.

23:53If the Democrats nationally put up a moderate candidate, do you lose the ability to get the turnout? Well, ultimately, I think the Democrat candidate that's successful nationally is the mirror of Ronald Reagan. Ronald Reagan got elected in 1980 by being moderate, by appealing to Democrats and independents. as well as Republicans. And so the difference is that a Democrat like that has difficulty getting through the primary because of these coastal states like New York and California. But as things shift because of the great economic pain that these states are enduring and will continue to endure and they will get worse, I think that there will be a growing number of Democrats that will look elsewhere.

24:39I think that where things are going right now, I think that I'd have to say that the Republicans have a much better chance of holding on in the midterms for Congress than I thought before. But I think ultimately the key, as you said, Becky, is getting out of the primary. How does a moderate Democrat get out of the primary? I mean, I was asked to look at the race for governor of Florida, and I just looked at that race and said that the Democratic brand is so bad in Florida that it's essentially an unwinnable election. And that will mean that it'll be 32 straight years of Democratic rule in Florida, which was a swing state and Obama won it twice.

25:16Republican, yeah. Yeah. I was going to ask you one other thing. Now I'm having a senior moment, Don. All right, I'm not sure. Oh, Bill Maher, someone said people are going to move out of New York. And people don't actually do that. They say they're going to do it after an election. They don't actually do it. And the person arguing with him said, look what happened in California. There's been a mass exodus of people, wealthy people from California. You believe at this point that you will see an exodus of wealthy individuals from New York City at this point? Yeah, you're already seeing that, Joe.

25:53And by the way, think about it this way. Forty five thousand taxpayers pay nearly 50 percent of the income taxes in New York City. So it doesn't take much of a shift to change that. And it's already changed. That's why they're having they're struggling with their budget right now. I think that, you know, look, another 5000 people who move out of New York, which is not a large number and wealthy people are very mobile. That changes the economic conditions of New York significantly. And that's coming. It's already been coming and it's going to accelerate now. Where where do you live, Don? I know you split your time between Florida and New York.