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Squawk Pod: President Donald J. Trump: America at 250 - 07/03/26 | Audio Only

Watch on YouTube ↗  |  July 03, 2026 at 10:00  |  39:26  |  CNBC
Speakers
Donald Trump — President of the United States

Summary

President Donald Trump sits down with CNBC's Joe Kernen at the White House for an extended Independence Day interview ahead of America's 250th anniversary. Trump touts record stock market highs with the Dow near 53,000 and S&P 500 at 7,000, declares US leadership in AI and crypto over China, and reveals the government's profitable 10% equity stake in Intel that generated $60-70 billion. He details how he secretly managed oil tanker routes to prevent crude from spiking above $115 during the Iran conflict. The conversation also covers Fed rate policy under Chairman Worsh, Supreme Court rulings expanding presidential removal power, the Save America Act, and corporate donations to Trump accounts.

  • Trump declares the US economy in a 'golden age' with Dow near 53,000, S&P 500 hitting 7,000, and 81 record closes in roughly 18 months
  • Government took a 10% equity stake in Intel (INTC) which has surged, generating an estimated $60-70 billion in under a year
  • Trump asserts US is substantially ahead of China in AI, calling AI 'bigger than the internet,' with massive data centers building dedicated power generation
  • Crypto framed as a strategic necessity where the US must remain number one or China will dominate the industry
  • Oil prices contained at $67-68 despite Iran conflict due to covert Navy escort operations that prevented crude from spiking toward $300-350
  • Trump discusses Supreme Court rulings restoring presidential removal power over federal agencies, calling it one of the biggest decisions in decades
  • Fed Chairman Kevin Worsh faces a 'hostile' board making rate cuts uncertain despite softer jobs data and lower oil
  • Corporate leaders including Michael Dell ($6.25 billion) and Micron ($250 million) are contributing to the Trump accounts program for American children
Ideas
Donald Trump President of the United States 1:27
US stocks in golden age boom
The US economy is in a golden age with record factory construction, all-time high employment, 401ks up 80-90%, and the stock market at all-time highs with 81 record closes in roughly 18 months. The Dow is near 53,000 and the S&P 500 hit 7,000 far ahead of schedule. Trump believes his second term is financially outperforming his first term, which was already the most successful four years including the COVID period.
Donald Trump President of the United States 11:00
Crypto strategic, US must lead
Crypto is a big deal and a major industry. The US must be number one in crypto or China will take it over. Trump frames crypto leadership as a strategic necessity alongside AI dominance. He states the US is currently number one in crypto and wants to maintain that position.
Donald Trump President of the United States 11:05
AI bigger than internet, US leads
AI is bigger than the internet and whoever is number one will win the race. The US is substantially ahead of China and everybody else in AI. Massive data center plants are being built with dedicated on-site power generation because the old grid could not supply enough electricity. Trump takes credit for allowing each plant to become its own utility, enabling the AI buildout to proceed at scale.
Donald Trump President of the United States 15:17
Intel surges on government equity deal
The government negotiated a 10% equity stake in Intel when the company had problems and no prior president had charged tariffs that would protect domestic chip manufacturing. The stock has since gone 'through the roof,' Intel is 'one of the hottest companies,' and the government made approximately $60-70 billion in eight or nine months on zero investment. Trump frames this as a great outcome for American taxpayers.
Donald Trump President of the United States 32:29
Oil prices contained, spike prevented
Trump prevented oil from spiking to $300-350 per barrel by secretly using the Navy to escort tankers out through southern routes with lights off for a month and a half, taking out 22 ships in one night. He destroyed Iran's radar to blind them. Oil is now at $67-68, lower than before the Iran conflict. Trump does not want to be Herbert Hoover with an oil-driven depression and is actively managing supply to keep prices contained with a ceiling well below $115.
Up Next

This CNBC video, published July 03, 2026, features Donald Trump discussing SPY, DJI, Cryptocurrency, Artificial Intelligence sector, INTC, WTI. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Donald Trump  · Tickers: SPY, DJI, Cryptocurrency, Artificial Intelligence sector, INTC, WTI