

Trump vs The Fed, U.S. Takes 10% Stake in Intel, Cracker Barrel Cracks | The Friday Market Wrap!
29 snips Aug 30, 2025
Dive into the latest clash between Trump and the Fed, exploring the legal chaos of a Federal Reserve governor's firing. Discover Intel's significant 10% stake deal with the U.S. and its implications for industrial policy. Analyze the rollercoaster of the stock market and Cracker Barrel's logo controversy. Get insights into Tesla's recent sales decline and its competition challenges, while contrasting its approach to autonomous vehicles with Waymo's multifaceted strategy. It's a mixed bag of market drama and tech dilemmas!
AI Snips
Chapters
Transcript
Episode notes
Government Equity Stakes Are A Big Shift
- Intel gave the U.S. government a 10% stake in exchange for CHIPS Act funds, an unusual industrial-policy move.
- Steve Eisman finds this problematic because government equity can be used to steer companies politically.
Logo Change Backfires On Social Media
- Cracker Barrel attempted a logo change and reversed course after social media backlash.
- Steve Eisman joked "Cracker Barrel cracked" to highlight the episode's cultural dynamics.
Firing Fed Governors Threatens Independence
- President Trump fired Fed Governor Lisa Cook citing accusations of mortgage fraud, though no indictment existed at the time.
- Eisman argues firing 'for cause' likely requires indictment or conviction to protect Fed independence.