Federal Reserve Governor Lisa Cook plans to remain in her position despite President Trump's calls for her resignation due to mortgage fraud allegations. Cook asserts she will address any legitimate questions regarding her financial history as she gathers information.

Sen. Chris Coons (D-Del.) joins 'Squawk Box' to discuss President Trump's deal to allow Nvidia and AMD to sell chips to China, AI arms race with China, Trump administration's push for a stake in Intel,

The dollar declined following President Trump's call for Federal Reserve Governor Lisa Cook's resignation amid mortgage fraud allegations. Markets reacted to concerns of political interference in the Federal Reserve.