California Gov. Gavin Newsom slammed President Donald Trump on Friday over the federal government’s decision to take a 10% stake in tech company Intel.
“I mean, this guy is completely perverted capitalism, Donald Trump,” Newsom told “Pivot” host Kara Swisher Friday. “It’s crony capitalism. It’s whatever you pay him off.”
Newsom’s attack on Trump stemmed from a conversation about New York City mayoral candidate and self-proclaimed democratic socialist Zohran Mamdani, and his plans to create a network of city-owned grocery stores to keep prices down.
The California governor said Mamdani’s plan could be a national policy, drawing a comparison to Trump’s Intel deal.
“It sounds like Trump’s been paying a lot of attention to him with his desire to socialize great American companies and continue to invest like he did with Intel and others,” Newsom said.
