Nvidia Fallout Looms Over Trump-Xi Meeting

"Balance of Power" focuses on the intersection of politics and global business. On today's show, Rep. Gregory Meeks (D-NY) says he wants to know when former CEO Jensen Huang was informed by the US government that the woman he was having an affair with was allegedly involved in Chinese espionage and why Nvidia was not notified sooner. Michael Allen, Managing Director of Beacon Global Strategies and former special assistant to President George W. Bush in the National Security sector, thinks Congress needs to direct its questions to the Commerce Department and, by extension, the National Security Council process staff about what happened with export-control regulations and what may have held them up. Chapters: 00:01:18 Bloomberg’s Ed Ludlow on Jensen Huang Out as Nvidia CEO Amid Scandal 00:03:05 Bloomberg’s Romaine Bostick on Nvidia Stock Reacts to Huang’s Exit 00:06:54 Rep. Gregory Meeks (D-NY) on Nvidia Investigation 00:09:17 Rep. Gregory Meeks (D-NY) on National Security Questions Surround Huang 00:11:43 Rep. Gregory Meeks (D-NY) on Meeks Questions Commerce Secretary Howard Lutnick 00:14:05 Rep. Gregory Meeks (D-NY) on Congress Weighs Tighter China Chip Export Controls 00:16:53 Bloomberg’s Jeff Mason on Trump Weighs In on Nvidia Shakeup 00:20:51 The Debrief with Mario Parker 00:24:41 Bloomberg’s Jennifer Welch on Nvidia Crisis Spills Into US-China Relations 00:29:16 Michael Allen, Managing Director of Beacon Global Strategies, on National Security Failures 00:30:19 Michael Allen on Closing Loopholes in China Chip Export Controls 00:32:41 Michael Allen on How China Could Be Impacted by Nvidia Fallout 00:33:43 Michael Allen on Should Trump Cancel His China Trip? 00:35:04 Michael Allen on Could Lutnick Face Congressional Hearings? 00:39:08 Political Panel Reacts: Nvidia and National Security, Could Howard Lutnick Survive the Scandal?, Can Congress Enforce New Chip Controls? -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts