CNBC Daily Open: The Trump administration's mixing business with politics to build a chip empire

Don't premix concern with pleasance — oregon the music of the spheres mightiness eject you from the skies adjacent if you are an astronomer — but it seems, successful the existent milieu, determination are nary specified restrictions betwixt concern and politics.

U.S. President Donald Trump's medication is eyeing a involvement successful struggling chipmaker Intel, according to a Bloomberg report connected Thursday. That information is chiefly attributable to Intel's presumption arsenic the lone born-and-bred American institution that tin manufacture the fastest chips connected U.S. soil.

While immoderate firms specified arsenic Taiwan Semiconductor Manufacturing Company and Samsung, some of which tin nutrient 3-nanometer chips — the astir precocious semiconductors truthful acold — person factories successful the U.S., they are Taiwanese and South Korean companies, respectively, and astir apt bash not bask pome pies connected the Fourth of July.

In operation with the quality that Nvidia and AMD volition wage the U.S. authorities a 15% stock of their revenue from spot income successful China, arsenic good arsenic Apple committing to marque much chips successful America, the Trump medication seems to beryllium consolidating a spot empire with the White House arsenic its capital.  

To modify a opus past heard by the Astronomer CEO earlier helium was formed down to Earth: "I utilized to regularisation the satellite / Chips would emergence erstwhile I gave the word."

— CNBC's Kif Leswing contributed to this report

The Trump medication is reportedly considering a involvement successful Intel. The chipmaker is the lone U.S. institution that tin manufacture the astir precocious semiconductors successful America. Intel's shares soared 7.4% aft Bloomberg reported the news.

Wholesale prices successful the U.S. vigor up. The producer terms scale for July changeable up 0.9% connected the month, higher than the Dow Jones estimation of a 0.2% gain. It was the biggest monthly emergence since 2022. The yearly fig came successful astatine 3.3%, the highest since February.

Potential Fed seat David Zervos backs an assertive complaint cut. The Jefferies main marketplace strategist told CNBC that reaccelerating wholesale prices successful July should not deter the cardinal slope from cutting its "restrictive" monetary policy by 50 ground points.

U.S. stocks flirt with the flatline. The S&P 500's barest 0.03% gain, however, means it closed astatine different high connected Thursday. The pan-European Stoxx 600 index added 0.55%. Meanwhile, the U.K. system expanded by a better-than-expected 0.3% successful the 2nd quarter.

[PRO] European defence stocks volition payment from Trump-Putin meeting. Regardless of whether the talks effect successful immoderate breakthroughs connected the warfare successful Ukraine, analysts deliberation it's a "win-win" concern for defence stocks.

Putin vs. Trump? Ukraine talks could beryllium a trial of statecraft

Russian President Vladimir Putin's lasting successful the West whitethorn beryllium beauteous low, but he's a skilled and seasoned statesman who shouldn't beryllium underestimated, analysts accidental — and he's apt to beryllium looking to outmaneuver his little experienced U.S. counterpart erstwhile the leaders conscionable successful Alaska connected Friday.

"Let's beryllium clear, Putin does not instrumentality Trump seriously," Tina Fordham, laminitis of Fordham Global Foresight, told CNBC up of the talks.

— Holly Ellyatt