Cards & Chips: A Deal for Discover & $1.5B for Semiconductors 02/20/24

It’s big news for your wallet: Capital One is set to acquire Discover in a $35.3B all-stock deal, pending any regulatory hurdles. In the run-up to the 2024 election, Axios co-founder Mike Allen is watching two key issues: President Biden’s upcoming State of the Union, and former President Trump’s days in court. In DC, the Biden administration is awarding chipmaker GlobalFoundries $1.5B for semiconductor production; National Economic Council Director Lael Brainard discusses the White House’s program to bolster jobs and chips in the US. Plus, crude prices and bitcoin prices are on the rise. 

 

Lael Brainard - 10:46

Mike Allen - 21:09

 

In this episode: 

Mike Allen, @mikeallen

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie