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Schumer accuses Trump of defending Nvidia CEO Jensen Huang at cost of national security

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Core Development: Schumer accuses Trump of defending Nvidia CEO Jensen Huang at cost of national security
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Market & Financial Impact: Rep. John Moolenaar, R-Mich., the Republican chairman of the Select Committee on China and told CNBC he expects answers about Jensen Huang's relationship.
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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

Democratic leader Sen. Charles Schumer ripped President Donald Trump on Tuesday for defending embattled Nvidia CEO Jensen Huang at the expense of U.S. national security.

"The press reports that Trump was briefed more than a year ago that Nvidia's CEO was having an affair with a suspected Chinese spy, and Trump didn't do anything – anything – about it," Schumer, D-N.Y., said on the Senate floor.

"Can you believe that?" said Schumer, the Senate's minority leader.

Schumer's broadside came on the heels of New York Times reports that Trump had been briefed about Huang's extramarital affair with Megaspeed executive Alice Huang — whom U.S. intelligence concluded was a spy for China — and opted not to do anything about it.

Trump suggested to reporters on Monday that he only recently learned of the allegations about Alice Huang, and the president commented Monday that he "really" believes Jensen Huang's claim to him directly that he had no idea Alice Huang was a spy.

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Official Publisher Attribution: This report is aggregated from CNBC. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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