Treasury Sec. Scott Bessent: Putin, Chips, & Global Summits 8/19/25

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 19 August 2025

⏱️ 40 minutes

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Summary

In the wake of the White House summit with European heads of state, Treasury Secretary Scott Bessent discusses the President’s strategy to broker peace in Ukraine and the likely terms for both sides in the conflict. Sec. Bessent also discusses the government’s potential stake in Intel, as well as the administration’s proximity to industrial policy in the pursuit of national security. Plus, Kristina Partsinevelos reports on Softbank’s $2 billion investment in Intel, and Nvidia is reportedly working on a new chip for China. Scott Bessent - 21:37 In this episode: Scott Bessent, @SecScottBessent Kristina Partsinevelos, @KristinaParts Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:04.3	Hi, I'm CNBC producer Katie Kramer.
0:07.1	Today on Squawk Pod.
0:10.1	The Fate of Europe, after meetings in Alaska and the White House.
0:14.6	Can you be tough enough with a stick or carrot to get Putin to do what you want to do.
0:21.6	Key administration official Treasury Secretary Scott Besant.
0:24.6	Alaska was a show of force by President Trump.
0:28.6	It was kind of like inviting your uncontrollable neighbor to your house and showing him your gun case.
0:34.6	Plus, House Secretary Besant views the government's new, to us, interest in private industry,
0:40.6	like a possible 10% stake in Intel.
0:43.7	There are industries that we have to onshore.
0:46.9	Industrial policy or national security.
0:50.1	The last thing we want is a Huawei Belt and Road, where Huawei is selling chips to the rest of the world,
0:57.0	and the U.S. technology is excluded.
1:00.0	The big risks to Intel's newest stakeholders.
1:04.0	Go on.
1:05.0	Go on.
1:06.0	No, the government does not have a great record of knowing how to run a private business.
1:11.4	All that and much more, this Tuesday, August 19th, SquawkPod begins right now.
1:18.2	Stand Becky by in three, two, one.
1:21.1	Cure, please.
1:23.3	Good morning, everybody.
	...

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