CNBC Squawk Box with Brad Gerstner - July 6th, 2026

Altimeter Capital founder and CEO Brad Gerstner joins CNBC's Squawk Box from the White House on the morning Trump accounts go live, the child investment accounts created by the Invest America Act. He walks through the launch, Gwynne Shotwell's gift of 2 million SpaceX shares, the drive to get corporate America to match, and how gifted stock is treated under the new Treasury rules. The conversation then turns to AI: Alex Karp's criticism of the big model labs, whether AI platforms compete unfairly with their partners, the outlook for AI revenue, IPO timing for Anthropic and OpenAI, and where Brad ranks xAI, Gemini, and Meta. 00:00 Trump accounts go live: launch and Shotwell's SpaceX gift 02:17 Getting corporate America to match 04:03 529 plans vs. Trump accounts: advice for parents 06:24 How gifted stock works: the Treasury rules 08:55 The AI cycle and Alex Karp's criticism of the big labs 11:48 Are AI models copying their partners? The Figma case 14:03 Is there an end in sight for AI growth? 16:47 Anthropic and OpenAI IPO timing 17:43 Voluntary equity gifts vs. government stakes 20:59 Ranking the frontier: xAI, Gemini, and Meta