Crumbling Infrastructure Talks; “Secretary Mayor Pete;” HBO vs. 5G

Squawk Pod

A failed Senate test vote dealt a blow to the bipartisan infrastructure framework, but the plan could have a chance to move forward again as soon as Monday. Transportation Secretary Pete Buttigieg believes there will be an infrastructure deal and said the Biden Administration’s “not trying to get gold-plated water pipes, just ones without lead.” AT&T beat analysts’ estimates for monthly phone bill paying subscriber additions in the second quarter, fueled by more Americans converting to 5G phones. Axios media reporter Sara Fischer discusses AT&T’s earnings report and what investors should know about the company’s outlook. Plus, Elon Musk speaks at a Bitcoin conference and PG&E’s decision to bury around 10,000 miles of power lines in an effort to reduce the risk of wildfires.