In the biblical narrative, specifically in the book of Exodus, when Moses's people betray him by creating a golden calf to worship, God expresses His anger and declares that He will destroy them. However, Moses intercedes on their behalf, pleading with God to spare the people. Ultimately, Moses's plea convinces God not to destroy them completely, although there are consequences for their actions.
So, the correct response is: He wants to punish them but Moses convinces Him not to.