It's a pleasure to have the senior senator from Texas with us. Senator John Cornyn is joining us now live from Capitol Hill. Senator, welcome back to Bloomberg TV and Radio.I'd like to start with the economy and the news on the semiconductor space that is getting a lot of talk and moving markets around here. Before we get to some of the other issues that we'd love to ask you about. In Virginia, investing $5 billion in Intel following the president's announcement of a federal stake in the chip maker as well. ...

Semiconductor Industry - The U.S. government has made a significant investment of $5 billion in Intel, which follows the president's announcement of a federal stake in the company, highlighting the importance of domestic semiconductor manufacturing [1][3] - The U.S. currently produces only about 12% of advanced semiconductors, which poses a national security risk due to reliance on foreign production, particularly from South Korea and Taiwan [3] - The investment in Intel is viewed positively as a business opportunity, despite the company's current struggles under new leadership [4] National Security and Supply Chain - The U.S. government holds a 10% stake in Intel, which is framed as a measure of national security, contrasting with the view that government stakes in energy companies may not be necessary [5][6] - The U.S. is vulnerable in supply chains for critical minerals and rare earth elements, with China processing 90% of these materials, which poses a significant disadvantage [7][8] Government Funding and Political Landscape - The Senate is facing a deadline for government funding, with ongoing discussions about a continuing resolution to keep the government open until November 20th [10][11] - There is a partisan divide, with Democrats pushing for additional spending in health care subsidies, which complicates negotiations [12][15] - The political climate is described as polarized, making it challenging to reach consensus on government funding [14][15]

Speaking of Nvidia, I mean it doesn't seem normal to I I don't know it's a shakeddown, but yeah, you can sell your tips to China. We just want 15%. Is that that doesn't seem how how can you uh justify that in terms of you're a classical economist.Well, again, the money was going to Intel uh because the B administration committed to give them the money. No, no, no. I'm talking about Nvidia. I'm talking about 15% of the revenues um for some of the chips going to China that the government is going to get from ...

President Trump is set to speak with Chinese President Xiinping tomorrow about a potential framework for the sale of Tik Tok. Joining us now, former Vice President Mike Pence. He's the founder of of Advancing American Freedom. It's been a while joining us on set, Mr.. uh Mr.. VEP. It's good good to have you here. Thanks, guys. Thanks for having me back. We'll get this on you, you know, covering like it's S&P. Usually, it's Venus chart. You want to chart? All right. All right. Well, we've got a living, breat ...

International Relations & Geopolitics - The speaker believes world leaders respect President Trump and see America projecting peace through strength [3] - Allies were reportedly nervous about Kla Harris potentially continuing policies that created global instability and quietly supported President Trump's win [5] - NATO countries shifted from murmuring about a 2% commitment to national defense investments to 5% each after President Trump's election [6] - A strong America benefits everyone who loves freedom and keeps terrorists and tyrants at bay [7] - China is seen as working to become a peer-to-peer adversary with the United States, particularly in AI and new technology [11] - China is accused of intellectual property theft and disregard for fair trade agreements [12] - There is concern about China's activities in the Indo-Pacific region [13] - Putin cannot be trusted and will lie to world leaders [28] - President Trump has tried to bring an end to the war between Russia and Ukraine [29] - Congress has a big appetite to step in and do something very aggressive with regard to tariffs against Russia, but needs allies to go along [30] Trade & Business - Nvidia is facing backlash as Chinese authorities have reportedly told Chinese companies to stop using or buying their chips [8] - Nvidia's CEO expressed disappointment but acknowledged larger issues between the US and China [9] - The situation with Nvidia is considered a counterproductive development [13] Technology & Security - TikTok is considered a dangerous platform that has been misused and abused, particularly against American youth [15] - Congress voted for the divestment of TikTok due to concerns about its algorithm and the content being fed to US users [15] US Government & Politics - The House Appropriations Committee has passed all 12 separate appropriations bills, while the Senate has passed three [20] - The speaker is trying to force the government appropriations process back to regular order [19] - Democrats are accused of trying to insert partisan political preferences into a clean funding extension [23] - Democrats are allegedly trying to insist that Obamacare premium subsidies be continued as part of the funding matter [24] - Political violence is on the rise, and leaders on both sides need to turn down the volume [34][35] Federal Reserve & Economy - The speaker believes rates need to come down today to help home ownership for young families [38][39]

美国商务部表示，将在未来几周内考虑业界以国家安全为由提出的对更多进口汽车零部件加征关税的请求。美国商务部称，“汽车行业正处于各种技术的快速发展阶段，包括在替代推进系统、自动驾驶能力和其他先进技术领域。”汽车行业需要“机会来识别对国防应用具有重要意义的新兴汽车产品”。 ...

I believe you have made our country weaker and less safe. I believe that we are more vulnerable to a major event and I pray to God it doesn't happen. You've gutted the Bureau of Institutional Knowledge and Expertise.You fired or pushed out seasoned FBI officials, many with more than 20 years of experience and were working on cases that were critical. You've been p purging thousands of serious law enforcement officials who spent their careers keeping us safe only to lower hiring standards in order to find an ...

Classified Navy Files Were Left On The Curb. A Dumpster Diver Found Them.https://t.co/I2rQuPCKHG https://t.co/JboqDdb1Qu ...

Uh the Chinese came in as they typically do with a long list of ask uh dating back all all the way to President Trump's administration. A lot of grievances with what the Biden administration had done. Uh and I will tell you what turned the tide was a call that Ambassador Greer and I had with President Trump the night after the first day of negotiations.And President Trump made it clear that he would have been willing to let Tik Tok go dark, that we were not going to give up national security uh in favor of ...

Trade & Tariffs - The US bond market is performing well due to revenue from tariffs, expected to bring in hundreds of billions of dollars this year to pay down the debt [26] - Chinese exports to the US are down approximately 14%, while exports to Europe are up approximately 6.9% [51] - The US trade deficit with China is expected to narrow by at least 30% this year and potentially more in 2026 [52] Federal Reserve & Monetary Policy - A 25 basis point rate cut is priced in [14] - The market is pricing in 75 basis points in rate cuts between now and the end of the year [18] - The Fed has an employment and growth mandate, with the dollar being a byproduct [8] - The President believes the Fed has been behind the curve [13][15] TikTok Deal & National Security - A framework for a deal regarding TikTok has been reached, with President Trump and party chair Xi expected to agree on a final deal [29][32] - The deal includes safeguards for US national security and the interests of citizens, especially children [37] - The Chinese government's approval is needed for the deal between ByteDance and new investors [37] Deregulation & Economic Growth - The US market is responding positively to President Trump's agenda, particularly non-inflationary growth and deregulation [23] - The administration aims to cut through the regulatory morass surrounding American businesses [23] - Deregulation is seen as crucial for the US to become an AI superpower and energy dominant [24]