CNBC Daily Open: U.S. wants equity in private businesses — staking its reputation

"State-owned enterprise" is simply a word you wouldn't usually bandy astir erstwhile mentioning the United States — particularly not with the country's Republican party, which has been associated with a laissez-faire attack to businesses and the economy.

If White House gets it way, however, it appears that the government's 10% stake successful Intel is conscionable the start. U.S. President Donald Trump successful a Truth Social post signaled favoring companies that onslaught akin "lucrative" deals with the government.

Earlier successful the day, Kevin Hassett, Trump's economical advisor, told CNBC that "at immoderate constituent there'll beryllium much transactions, if not successful this manufacture past different industries."

Even though Intel's banal popped erstwhile quality of the woody broke, the chipmaker successful a filing connected Monday warned that its statement with the Trump medication could gully "adverse reactions" from investors, customers and overseas governments.

That's not an unwarranted fear: Recall however China has been urging its section companies to debar Nvidia chips amid the chipmaker's revenue-sharing woody with Washington, oregon however consumers person steered distant from Elon Musk's Tesla due to the fact that of his stint successful the White House.

Perhaps, it isn't truthful overmuch "state-owned enterprises," but "Trump-associated enterprises," that mightiness beryllium fueling capitalist worries.

— CNBC's Jeff Cox contributed to this report

More deals similar Intel's to come, Trump says. Earlier Monday, White House economical advisor Kevin Hassett said the determination is portion of a strategy to create a sovereign wealthiness fund. Intel successful a filing warned of "adverse reactions" from investors to the deal.

Trump fires Fed Governor Lisa Cook. In a missive Trump posted connected Truth Social, the U.S. president said the decision, which helium determined has "sufficient cause," is "effective immediately." The determination volition likely pb to a ineligible clash.

Countries with integer services taxation volition pull 'substantial' caller tariffs, vows Trump. In summation to tariffs, Trump besides said successful a Monday station connected Truth Social that helium would restrict spot exports to those countries.

U.S. stocks mislaid steam connected Monday. All 3 large indexes fell, giving backmost immoderate of Friday's gains. On Thursday, Interactive Brokers volition regenerate Walgreens Boots Alliance successful the S&P 500. Across the Atlantic, Europe's Stoxx 600 lost 0.44%.

[PRO] Consider this Nvidia derivative, CIO says. Nvidia earnings, retired Wednesday, are successful the limelight this week. But 1 main concern serviceman thinks it's worthy looking astatine a Nvidia spouse besides benefiting from artificial intelligence.

Markets are definite the Fed volition chopped successful September, but the way from determination is overmuch murkier

Friday's booming rally turned into Monday's world cheque arsenic investors weighed conscionable however assertive the Federal Reserve volition beryllium connected lowering involvement rates and however the moves mightiness interaction the broader concern and economical climate.

At this clip a twelvemonth ago, the cardinal slope entered an easing mode that ended up having unintended consequences — an inverse determination successful Treasury yields and owe rates pushed by worries that the Fed mightiness beryllium taking its ft disconnected the brake excessively soon on with expectations for stronger economical growth.

— Jeff Cox