Introduction:
In today’s episode, we explore three critical stories shaping the economy and policy landscape. First, the U.S. government, led by Commerce Secretary Howard Lutnick, is pushing for a 10% equity stake in Intel as part of a major shift in the CHIPS Act funding approach—potentially turning grants into direct government ownership without voting rights. Next, we examine the senior living crisis, where a surge in aging baby boomers meets a stalled construction market, driving rents above $12,000 and creating a lucrative yet challenging environment for investors and residents alike. Finally, we delve into the intensifying competition to replace Federal Reserve Chair Jerome Powell, with Treasury Secretary Scott Bessent announcing a diverse shortlist of 11 candidates poised to begin interviews after Labor Day.
Content and Timestamp:
00:00:32 Trump Administration Seeks Equity Stake in Intel for CHIPS Act Funds
00:04:18 Senior Living Market Faces Unprecedented Demand-Supply Gap as Boomers Age
00:08:20 Treasury Secretary Bessent to Begin Interviews for Next Fed Chair, Citing "Incredible Group" of 11 Candidates
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