Trump’s Tariff Plans, Chips, & Lidia Bastianich on Cricket Pesto 11/26/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 26 November 2024

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

President-elect Trump says he plans to raise tariffs by an additional 10% on China and impose 25% tariffs on Mexico and Canada. CNBC’s Megan Cassella talks through the latest reporting on Trump’s plans for tariffs on day one of his administration. Next, the U.S. has finalized a $7.9B award to Intel to fund chips projects. Chris Miller, Tufts Fletcher School professor and ‘Chip War’ author, discusses the future of semiconductor legislation in a second Trump administration, as well as the global competition for US chipmakers. Ahead of Thanksgiving, chef, restaurateur, and Eataly partner Lidia Bastianich shares her turkey dinner tips amid rising food prices and her experiments with a surprising ingredient: crickets. Plus, Walmart pulls back on DEI efforts and Qualcomm’s interest in taking over Intel is reportedly waning. Megan Cassella - 03:51 Chris Miller - 19:23 Lidia Bastianich - 27:55 In this episode: Megan Cassella, @mmcassella Chris Miller, @crmiller1 Lidia Bastianich, @LidiaBastianich Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music, please.
0:03.0	Hi, I'm CNBC producer Katie Kramer.
0:07.0	Today on Squawk Pot.
0:09.0	25% tariffs on goods from Canada and Mexico.
0:13.0	The day one transition promises rattling economists.
0:16.0	Are Megan Casella with the latest reporting.
0:18.0	This is Trump vowing to follow through on the threats that he made on the campaign trail.
0:24.4	The Biden administration's last-minute bet on U.S. chips before a regime change,
0:29.3	chip war author Chris Miller.
0:31.1	If you're sitting in the U.S. government shoes, you'd rather make a portfolio of bats
0:35.1	and see which company succeeds in the marketplace rather than just trying to pick a single winner and put all of your eggs in a single basket.
0:41.3	Plus, countdown to Turkey Day, PBS chef Lydia Bostionage with price-conscious Thanksgiving tips for any table.
0:49.3	You buy the breast on the bone, nut let on the bone, and you roast that with vegetables, or even cheaper
0:55.4	are the darker meat, the legs, the wings and all of that.
0:59.0	And that you have to cook a long time, almost braise it to get it done.
1:03.0	And a threat to Walmart, making the retailer scale back diversity equity and inclusion programs.
1:09.0	It's also renamed its chief diversity officer role to chief belonging officer.
1:13.6	It's Tuesday, November 26th.
1:16.6	Now, Thanksgiving is very late this year.
1:19.6	Squawk pod begins right now.
1:21.6	Stand Becky by in three, two, one.
1:24.6	Cuea, please.
	...

Transcript will be available on the free plan in -125 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.