Gary Cohn on the Shutdown & AI’s Impact on the Labor Market 10/29/25

The federal government has been shut down for nearly a month, and the economic effects are mounting. IBM vice chairman and former NEC director Gary Cohn discusses the health of the economy, corporate earnings, and how the AI boom is reshaping the labor market. Then, early voting is underway in the New York City mayoral race. CNBC’s Robert Frank reports on the billionaires and businesses that are spending millions to defeat Zohran Mamdani. Plus, CNBC’s Kristina Partsinevelos has the latest on AI-related layoffs hitting big tech, and Nvidia has become the first company to hit a $5 trillion valuation. Gary Cohn - 15:56 Robert Frank - 35:26 Kristina Partsinevelos - 40:51 In this episode: Gary Cohn, @Gary_D_Cohn Robert Frank, @robtfrank Kristina Partsinevelos, @KristinaParts Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY