Kim Kahn

And as always, the real market mover will be J-PAL's press conference, where traders will try to decipher whether this is a hawkish cut or a dovish one.

There'll be a special post-fed Wall Street Lunch podcast today digging into the decision and the market reaction, so be sure to look for that shortly after the closing bell.

The UFONC decision comes out at 2 p.m.

ET today, and Powell's press conference is at 2.30.

That's all for today's Wall Street Breakfast.

Look for links for stories in the show notes section.

Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

Good morning.

Today is Tuesday, December 9th, and I'm your host, Kim Kahn, filling in for Julie Morgan.

President Donald Trump has signed off on NVIDIA selling high-end H200 GPUs to China and says the U.S.

gets a 25% cut.

In a post, Trump said he told President Xi Jinping that the U.S.

would allow NVIDIA to ship H200 chips to approved customers in China under conditions that allow for continued strong national security.

Xi responded positively, Trump added, saying the 25% revenue cut will be paid to the United States of America to support U.S.

jobs in manufacturing.

The same framework will apply to AMD, Intel, and other U.S.

chip makers once the Commerce Department finalizes the details.

Washington had previously allowed NVIDIA to sell the lower-powered H20 model, but that rollout fizzled.

China's state media blasted the chip as underpowered and regulators reportedly halted imports over security concerns.

NVIDIA welcomed the reversal.