A NATO Summit in Turkey, Tilly Norwood, & World Cup Wagering 7/7/26

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Bring in show music, please.

**Katie Kramer** (1:02)
Hi, I'm CNBC producer Katie Kramer. Today on Squawk Pod.
A NATO summit begins as oil prices edge higher and Ukraine hits Russia's largest oil refinery.

**Joe Kernen** (1:14)
We're going to talk about it till you wish we weren't talking about it today.

**Katie Kramer** (1:17)
Senator Chris Coons joins us from the US delegation in Turkey.

**Chris Coons** (1:21)
And my hope is that we'll come out of here with a strong and united NATO statement of purpose about defending Ukraine and seeing greater European contributions and coordination for our common defense.

**Katie Kramer** (1:34)
The rise in betting and prediction markets as a moneymaker. Chris Christie, a former governor, now advising the traditional gaming industry.

**Chris Christie** (1:43)
They're out there marketing to 18-year-olds, telling them this is an investment. You know, betting is not an investment. It's betting.

**Katie Kramer** (1:51)
Plus, the end of the road for Americans in the beautiful game.

**Joe Kernen** (1:55)
We lost 4-1. You could have had 10 of these guys.

**Katie Kramer** (1:59)
It's Tuesday, July 7th, 2026 Squawk Pod begins right now.

**SPEAKER_4** (2:05)
Stand by Joe in 3, 2, 1, is Mike Kuehn.

**Joe Kernen** (2:10)
Good morning and welcome to Squawk Box here on CNBC Live from the NASDAQ Market Site in Times Square. I'm Joe Kernen, along with Kelly Evans, just us. Kelly, you ready for this?

**Kelly Evans** (2:21)
I'm ready. I'm as ready as you can be. Early signs point to no, but-

**Joe Kernen** (2:25)
Early signs. It's a shocker for you because even if you do do it every day, it doesn't get that much better.

**Kelly Evans** (2:32)
That's why. You know, you have good days and bad days. I go, they have to do it every day.

**Joe Kernen** (2:35)
Right. Tomorrow will be probably peak discomfort for you, and it's hump day on top of everything else. President Trump is on his way to the NATO Summit in Turkey A.

**Kelly Evans** (2:46)
Is that how you're supposed to say it? Turkey A?

**Joe Kernen** (2:49)
During the World Cup, one of the few things, in addition to learning that we might not be ready for prime time just yet.

**Kelly Evans** (2:55)
But the US soccer team?

**Joe Kernen** (2:57)
Yeah. Did you watch any of that?

**Katie Kramer** (2:59)
Did you watch that game?

**Joe Kernen** (3:00)
I watched the first 10 minutes where within about 30 seconds, it was clear that, I was like, this team is good, and they almost scored immediately.

**Kelly Evans** (3:10)
Remember, we're not the favorite in the World Cup.

**Joe Kernen** (3:14)
No.

**Kelly Evans** (3:14)
But the tournament, you have to say, it has gone so well here.

**Joe Kernen** (3:17)
No, but Kelly, I know nothing about it. I'm a total novice, but I watch France, and they just slice through, they do these things, and these things that I don't really see.

**Kelly Evans** (3:30)
The US team doing it.

**Joe Kernen** (3:31)
Not really.

**Kelly Evans** (3:32)
It's okay.

**Joe Kernen** (3:33)
Is it okay to say it's Spain?

**Kelly Evans** (3:34)
It's like the president, he says, I call it like I see it, and then I call it like, you know.

**Joe Kernen** (3:37)
Argentina, I think they're playing it. I know, I'm watching more, but, so how did we, what were we talking about? Oh yeah, Turkey A.
When we played Turkey, T-U-R-K-I-E-H, and they change, that's how they say it supposedly. So I'm going to go along with, they're the ones who know.