NEC Director Hassett on the Intel Deal: More Are Coming 8/25/25

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 25 August 2025

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

The U.S. government is officially taking a 10% stake in chipmaker Intel. National Economic Council Director Kevin Hassett discusses the terms of the deal and hints that more transactions may be on the administration’s agenda. In other transaction news, Keurig Dr Pepper has agreed to acquire JDE Peet’s for $18 billion. Plus, sports entrepreneur Mark Ein is part owner of the Washington Commanders and owner of the DC Open, a tennis tournament in Washington. After the first matches of the US Open in New York, Ein discusses the evolution of the players on and off the court, and highlights the opportunity that the US Open “experience” model offers to other sports. Kevin Hassett - 19:50 Mark Ein - 34:48 In this episode: Mark Ein, @Markein Leslie Picker, @LesliePicker Wilfred Frost, @WilfredFrost Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:03.0	Hi, I'm CNBC producer Katie Kramer.
0:07.0	Today on Squawk Pod.
0:09.0	Intel, Intel.
0:10.0	It's official. The U.S. owns 10% of Intel after the chipmaker's CEO went to Washington for an Oval Office chat.
0:18.0	You want to trade your job for 10% of equity.
0:21.6	Go with God.
0:23.6	Our Andrew Ross Sorkin is joined today by Leslie Picker and Wilford Frost.
0:28.6	I'm sorry, America's not as much of a free market as it used to be.
0:32.6	White House Economic Advisor Kevin Hassett tells us more deals may come.
0:36.6	I'm sure that at some point there'll be more transactions, if not in this industry,
0:41.3	at other industries.
0:43.0	And the U.S. Open is underway in New York City.
0:46.1	Venture capitalist and sports entrepreneur Mark Eynne joins us on set to discuss the big changes
0:51.4	on Center Court.
0:52.3	It always had this image of sort of an older, not very diverse audience, and that's totally
0:58.7	changing. And then the sport itself, these athletes are like global superstars.
1:04.6	Plus, Fed Chair Jay Powell opens the door to an interest rate cut in his Jackson Hole speech.
1:10.4	The baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.
1:16.6	Is this a pivot?
1:18.4	It kind of felt weak.
1:19.6	To me, it felt weak for taking a stand. He's just caved.
	...

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