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

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