China’s Chip Supply & POTUS vs. Powell 4/17/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 17 April 2025

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Nvidia CEO Jensen Huang is in Beijing, just as U.S. officials are eyeing his company’s supply of AI chips to DeepSeek. CNBC’s Kristina Partsinevelos explains the line between maintaining competition and preserving national security when it comes to tech infrastructure. Federal Reserve chair Jay Powell expressed concern that the central bank could be caught between controlling inflation and supporting economic growth, as tariffs contribute to economic uncertainty. President Trump responded, calling for a rate cut and the termination of Jay Powell as chair. Plus, the IRS is attempting to rescind Harvard’s tax-exempt status, and shares of UnitedHealth Group plunged after the company cut its profit forecast. Kristina Partsinevelos - 26:40 Peter Kraus - 31:43 In this episode: Kristina Partsinevelos, @KristinaParts Kelly Evans, @KellyCNBC Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music, please.
0:03.0	This is Squawk Pod from CNBC. On today's episode, two companies are in the spotlight.
0:11.0	The first, NVIDIA. CEO Jetsun Huang is in Beijing, just as the U.S. government is eyeing the company's supply of chips to AI competitors in Asia,
0:23.0	we take a look at just how thin the line is between competition and national security.
0:29.4	We went to the Met when Russia launched Sputnik to make sure we got to the move.
0:34.0	Where'd that get us?
0:35.0	I mean, this really matters.
0:37.8	And the second company in focus, United Healthcare, oblique forecast and a sharp sell-off there.
0:44.6	I mean, if it moves 5%, that's usually a big day, let alone 10.
0:49.7	Then harsh words for Fed Chair Jay Powell from who else, President Trump.
0:55.2	And finally, an investor playbook that's less about play and more about The Bench.
1:01.4	Aperture chairman and CEO Peter Krause joins us.
1:05.3	Markets don't react well to chaotic processes.
1:09.7	I'm CNBC producer Cameron Costa.
1:12.5	It's Thursday, April 17th, 2025, and SquawkPod begins right now.
1:18.2	Stand, Andrew by in three, two, one, cue Andrew.
1:23.8	Good morning and welcome back to Squackbox right here on CNBC.
1:27.4	We're alive at the NASDAQ market site in Times Square.
1:29.7	I'm Andrew Oz Sorkin with Joe Kernan and Kelly Evans.
1:33.0	Becky is off today, but thank you for all week.
1:35.8	I know. It's four long days.
1:37.9	It feels okay today.
	...

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