CNBC's Squawk Box

House Minority Leader Hakeem Jeffries avoided directly addressing socialist candidates chanting 'you're next' in New York Democratic primaries. He distanced himself from activist Darializa Avila Chevalier's radical views while shifting focus to criticizing President Donald Trump and the Republican Party. Host Joe Kernen questioned whether the Democratic Party's inclusion of far-left candidates risks deterring voters.

A US official confirmed that frozen Iranian funds have not been released and will remain frozen until Iran meets the terms of Trump's interim agreement. Treasury Secretary Scott Bessent stated the Treasury Department would oversee any future spending of these funds, with a significant portion allocated to purchasing US foodstuffs and medicines.

Mohamed Kande, global chairman of PwC, shares three perspectives on AI's impact on jobs: AI adoption increases headcount, enhances employee value through soft skills, and reshapes rather than replaces roles. PwC's 2026 global jobs barometer report shows AI-exposed companies grow faster in hiring and wages, with entry-level roles highly exposed to AI flatlining.

Ron Baron purchased $1 billion of SpaceX shares in an IPO, increasing his stake to $25 billion. He expressed confidence in generating hundreds of billions of dollars from the investment.

CNBC's Joe Kernen criticized President Trump's $1.776 billion 'anti-weaponization' fund settlement with the IRS, calling it 'smells bad.' Trump dropped a $10 billion lawsuit against the IRS to establish the fund, which aims to compensate individuals claiming wrongful DOJ investigations or prosecutions.