SOTS 2nd Hour: New Nvidia/AMD China Fees, Barrick Mining CEO Talks Gold, & TKO CEO Live 8/11/25

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Sara Eisen (0:46)

Good Monday morning. Welcome back to Squawk on the Street. I'm Sara Eisen with Carl Quintanilla and David Faber live as always from Post9 of the New York Stock Exchange. Stocks are rallying on this Monday morning. That's just a little bit. We're at five points on the S&P and NASDAQ. Again, unchanged Dow up three. Big report of the week is going to be CPI tomorrow. We'll talk about that in just a moment ahead of that. We've got treasuries on the move. They're still almost 100% odds of a rate cut being priced in the first September. The 10-year a little bit lower, so there's buying at the long end and then the short end, some selling with the two-year note yield a little bit firmer, 3.76%. Today, new reports, Nvidia and AMD will pay the US government a portion of China chip sale revenues, as the Intel CEO makes his way to the White House. We've got all the details from Washington. And then breaking news this morning on a new home for UFC. Paramount Plus, TKO holding CEO Ari Emanuel and President Mark Shapiro will be here at the New York Stock Exchange. Plus, Barrick Mining just reporting earnings as we await clarification on these gold tariffs.

The CEO joins us first on CNBC in just a few minutes.

Carl Quintanilla (1:53)

The president is set to speak this hour on a busy morning for headlines when it comes to the semis. Let's get to Eamon Javers this morning from the White House. Hey Eamon.

Eamon Javers (2:00)

Yeah Carl, that's right. We were expecting the president right at the top of 10 o'clock. Looks like they're running a little bit behind here. And a whole lot to hear from from the president of the United States this morning. He's going to be talking about crime in DC and a new effort that they're putting in place here to use federal law enforcement to solve the crime problem in DC.

But what we're going to be interested in from a market's perspective are a couple of things. One is this report now confirmed by a White House official to me that AMD and Nvidia have both agreed to give 15% of their chip sales to the US government in exchange for the permission to export those chips. A White House official flagging some comments by the Commerce Secretary Lutnick over the weekend in which he said, look, that's just Nvidia's fourth best chip. So downplaying the idea that there's a national security threat here from the sale of these chips, which has now been agreed to by the US government in exchange for that 15% payment. We're also waiting, as you guys were just talking about on some questions on gold tariffs. The White House had said last week that the information that was in the media over the couple of days preceding the weekend was misinformation. But they haven't said exactly what was misinformation and they haven't said exactly what the president plans to do about it. We are told to expect some new executive orders on gold as well. And then of course, the big question is whether the president's going to extend that China deadline, which is tomorrow. There was some expectation after the visit of the Treasury Secretary to Sweden and those negotiations with the Chinese side that we would see the president in more or less short order go ahead and extend that deadline for another 90 days to keep those talks going and that trade truce in place. We haven't seen the president do that though, and so there's some question now about what he's holding out for ahead of that deadline tomorrow. Could it be more soybean purchases? The president posting on social media over the weekend that he wants to see the Chinese make more purchases of American soybeans. So maybe there's some last minute haggling over that. We'll wait and see what the president says. And if he takes any questions off topic here in this press conference in the White House briefing room, which is expected in the next couple of minutes or so, guys.