Ceasefire in Gaza, Chips in America 10/13/25

Squawk Pod

CNBC

Business News, Business, Investing, News

4.2 • 543 Ratings

🗓️ 13 October 2025

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

President Donald Trump has declared “the long and painful nightmare” in Gaza to be over in his address to the Israeli Parliament, the Knesset. Lead negotiator between Israel and Hezbollah under President Biden Amos Hochstein discusses the ceasefire terms, the future of the Middle East, and global oil prices. Meanwhile, chip stocks are rallying after the U.S. government deepened its financial ties to semiconductors. Former Intel CEO Pat Gelsinger weighs in on Washington’s stake in the company, the CHIPS Act, AI competition, and whether we are in an AI bubble. Plus, China vows retaliation against Trump’s 100% tariffs, and JPMorgan Chase is pledging $10 billion toward industries critical to U.S. national security. Leslie Picker - 02:37 Pat Gelsinger - 19:06 Amos Hochstein - 36:47 In this episode: Pat Gelsinger, @PGelsinger Amos Hochstein, @amoshochstein Leslie Picker, @LesliePicker Eunice Yoon, @onlyyoontv Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music, please.
0:04.3	This is Squawk Pod, and I'm CNVC producer Cameron Costa.
0:08.3	On today's episode, a ceasefire in the Middle East.
0:13.3	As Israel and Hamas exchange hostages and Palestinian prisoners, President Trump declares
0:18.8	a new age in the region.
0:24.6	This is the historic dawn of a new Middle East. President Biden's lead negotiator between Israel and Hezbollah, Amos Hockstein, is also looking forward.
0:30.6	I think the real question is, what do you do from here? And I don't want to take away.
0:35.6	Today is a tremendously great moment.
0:38.3	Then former Intel CEO Pat Gelsinger.
0:43.3	Are we in an AI bubble? Of course.
0:45.3	AI and the chips race against China.
0:48.3	Today I think the number is 49 reactors under construction in China and zero in the U.S.
0:56.0	Right?
0:57.0	These are dreadful numbers.
0:58.0	Plus, the other stories that got us squawking today, like J.P. Morgan's strategy
1:04.0	to bolster America, a trade dispute with China over rare earth minerals, and Warner Brothers
1:10.0	discovery, rejecting a takeover bid.
1:12.3	I might be able to get it. Now you're part of Versant. So there.
1:15.9	It's Monday, October 13th, 2025, and Squawk Pod begins right now.
1:22.0	Stand Becky by in three, two, one. Cuea, please.
1:27.4	Good morning, everyone. Welcome to Squackbox right here on CNBC. We're live from the NASDAQ market site in Times Square. I'm Becky Quick along with Joe Kernan and Andrew Ross Sorkin. Before we get to the rest of it, we do have some breaking news right now on J.P. Morgan. And Leslie Pickers got that news for us this morning. Leslie.
1:45.4	Hey, and good morning, Andrew.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.