UBS On-Air: Market Moves Washington Weekly Podcast: UK state visit, Privatizing GSEs, Government funding
Sep 19, 2025
Shane Lieberman, Senior Governmental Affairs Advisor at UBS, shares insights on the recent UK state visit by President Trump, highlighting significant $200 billion tech and energy deals, including commitments to AI and small nuclear reactors. He dives into the Trump administration's plans to privatize government-sponsored entities like Fannie Mae and Freddie Mac, discussing potential pushback and the looming risks of a government shutdown. Shane's expertise sheds light on the evolving landscape of U.S. policy and funding negotiations.
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Whirlwind State Visit With Tech Leaders
- Shane described the state visit as a whirlwind two days with pageantry and purpose, noting leaders like NVIDIA's Jensen Wong attended.
- He emphasized that some announcements were pre-known but the visit helped solidify commitments amid tough geopolitical talks.
AI Investment And Energy Link
- The UK state visit produced roughly $200 billion in announced investments focused on AI and tech, anchored by a large Blackstone 10-year commitment.
- Energy, including small nuclear reactors, was highlighted as critical to powering the AI buildout and deserves market attention.
Privatizing Fannie And Freddie Push
- The administration is prioritizing ending Fannie Mae and Freddie Mac conservatorship with plans discussed to sell shares via an IPO valued near $30 billion.
- Expect political pushback from Democrats who cite mortgage-rate risks and legislative resistance ahead of a potential Q4 announcement.