Evercore's Roger Altman on how America's political divide could limit the country's progress

Roger Altman, Evercore ISI senior chairman, joins "Squawk on the Street" to discuss the 2020 election and how it will affect markets and the economy. I do think we're headed for divided government, says Altman. That means thoughts of an expansive Biden agenda, apart from stimulus, are unlikely. There may be some areas of agreement, like infrastructure, but the prospects for a very expansive Biden agenda are diminished quite a bit. The polarization is definitely not good for the country, he adds.