Howard Lutnick

Six was China at its peak under central planning with a tight control on every aspect of its economy.

That was what the world knew is what six looked like in the modern era.

And now the alternative version of six will be the president, you, the team, in a much more open way.

I'll be shocked.

I would be shocked.

Well, I'll give you a perfect example of this.

I am the lead investor in a one gigawatt data center project in Arizona.

We have to pay electricians between 500 and $750,000 a year, which is more than what we pay the engineers that work at the models at a Facebook.

But it's an example to your point of just the economy has created earnings potential across the board in ways that I've never seen in my career.

It's really quite incredible.

Can I tell you something about that TSMC plant?

That's a four nanometer plant.

They are at better yields or equivalent yields than the best operating four nanometer plant in the world, which is in China.

Isn't that incredible?

American technicians are now dollar for dollar as good as what was happening in China.

It's incredible.

Nobody knows this, by the way, but it's incredible.

Yeah, actually, let me just stop there, because I think one of the things that you did, you basically just put a pause on the CHIPS Act and ripped it apart and restarted it effectively.

Because it was initially under Biden, again, just as an outsider looking at it, it was largely giveaways.

And I think you flipped it around and you essentially said, stop.