President Trump announcing Intel has agreed to give the US government a 10% stake in the company. Joining us right now, talk about that and so much more. We're going to talk about Jay Powell and everything else. White House National Economic Council Director Kevin Hasset. Uh Kevin, it is great to see you uh this morning. Thanks for coming on. Yeah, it's great to be here. So, so here's the question. Uh Ronald Reagan famously said the most the nine most terrifying words in the English language are, "I'm from ...

Government Intervention & Investment - The US government, through the CHIPS Act, is providing significant funding to Intel, leading to a unique arrangement where the government receives a 10% equity stake in the company [3] - This equity stake is non-voting, implying no direct government interference in Intel's business operations, but rather a form of investment similar to a sovereign wealth fund [4] - The Trump administration views this Intel deal as a potential model for future transactions, suggesting the possibility of the US government taking equity stakes in other industries, especially in AI and chip manufacturing [5][6] - The government aims to maximize the value of taxpayer dollars by securing equity in companies receiving federal funds, ensuring taxpayers benefit from the investment [8][13] Strategic & Economic Implications - The administration believes onshoring production through policies like tariffs will increase the profitability of companies like Intel [17][18] - Intel needs to improve chip demand, either by making better chips or finding new customers, but the administration does not plan to directly influence companies to buy Intel chips [13][14][15] - The current administration suggests that previous administrations should have considered taking equity when the CHIPS Act was initially implemented to incentivize chip companies to build fabs in the US [16] Historical Context & Policy Shift - The move towards government equity stakes represents a potential shift from traditional free market principles, where the government avoids direct involvement in companies [9] - The US government already has equity in entities like Fannie Mae and Freddie Mac, making this Intel deal not entirely unprecedented [12] - The administration denies that it is picking winners and losers, but rather creating a situation that benefits both the company and the taxpayers [11][10]

A contentious book argues that endless oil revenue and a sovereign wealth fund are making Norway increasingly bloated, unproductive and unhealthy. https://t.co/eThs1wVKLg ...

Economic Impact - A book argues Norway is becoming bloated, unproductive, and unhealthy due to endless oil revenue and a sovereign wealth fund [1]

Norway’s $2 trillion sovereign wealth fund will divest from six more Israeli companies in its latest move to address the public uproar over its investments linked to the war in Gaza https://t.co/lJaSIN9BZx ...

Investment Activity - Norway's sovereign wealth fund, managing $17 trillion, doubled its positions in Strategy & Metaplanet [1] Market Sentiment - Nation-level FOMO (Fear Of Missing Out) is indicated [1]

Investment Holdings - Mubadala Investment (Abu Dhabi's sovereign wealth fund) holds $534 million in IBIT [1]

Investment & Exposure - Norway's sovereign wealth fund increased its indirect Bitcoin exposure by 192% last year [1] - The fund indirectly holds 7,161 BTC through investments [1] Company Holdings - The fund's Bitcoin exposure is through investments in companies like Strategy, Metaplanet, and Coinbase [1]

Investment & Asset Growth - Saudi Arabia's sovereign wealth fund's assets surged, solidifying its position as a leading global state-backed investor [1] - Annualized returns experienced a drop [1]

Norway’s sovereign wealth fund returned 5.7% and slightly missed its target in the first six months of 2025 https://t.co/ffKKt8mSGk ...