Nvidia Hits All-Time High; Big Bank Earnings Preview

Nvidia Hits All-Time High; Big Bank Earnings Preview

On today's podcast:
1) Nvidia surges to an all-time high on news it will resume Chip sales to China. US government officials told Nvidia they would green-light export licenses for the H20 artificial intelligence accelerator, according to the company. The move is seen as a "massive win" for Nvidia's Chief Executive Officer Jensen Huang, and is also viewed positively by Vey-Sern Ling, managing director at Union Bancaire Privee, who says it is "obviously positive" for Nvidia, the AI semiconductor supply chain, and China tech platforms.
2) The European Union puts out new tariff targets if it can't reach a deal with the US. The European Union has finalized a list of countermeasures to target US goods worth €72 billion, including Boeing Co. aircraft, automobiles and bourbon. The list includes US machinery products, chemicals and plastics, medical devices, electrical equipment, wines and other agricultural goods, according to a document prepared by the European Commission. The EU trade chief Maros Sefcovic says the US tariff policy is "effectively prohibitive" to transatlantic trade, and the EU insists any settlement must be mutually beneficial to both sides.
3) Big bank earnings begin with JPMorgan Chase, Wells Fargo, and Citi reporting. America’s biggest banks are heading into earnings season with tailwinds from trading and lending as they benefit from market volatility and steady borrowing costs. Investment banking may be a weak spot as sluggish closings offset a pickup in deal announcements, Bloomberg Intelligence said.

See omnystudio.com/listener for privacy information.

Jaksot(1592)

Israeli Cabinet Backs Gaza Deal; New York AG James Indicted

Israeli Cabinet Backs Gaza Deal; New York AG James Indicted

On today's podcast:1) Israel’s cabinet approved a deal that will see Hamas free all remaining hostages held in Gaza in exchange for around 2,000 prisoners, a major step toward ending a two-year war th...

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Israel & Hamas Reach Gaza Deal; China Unveils New Rare Earth Curbs

Israel & Hamas Reach Gaza Deal; China Unveils New Rare Earth Curbs

On today's podcast: 1) Israel and Hamas have reached a deal for the release of all hostages held by the militant group in Gaza, a major step toward ending a two-year war that’s devastated the Palestin...

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Gold Soars as US Shutdown Enters Day 8; French Premier Optimistic on Resolving Political Crisis

Gold Soars as US Shutdown Enters Day 8; French Premier Optimistic on Resolving Political Crisis

On today's podcast:1) The Trump administration’s push to deny back pay to federal workers furloughed during the shutdown sets the stage for another round of legal battles over the president’s control ...

8 Loka 202516min

Trump Opens Door to Shutdown Talks; National Guard Deployments Continue

Trump Opens Door to Shutdown Talks; National Guard Deployments Continue

On today's podcast:1) With the US government shutdown closing in on the one week mark, President Trump showed signs of cracking Monday, sending mixed messages about the state of talks with Democrats o...

7 Loka 202517min

French Premier Lecornu Resigns; Trump Pushes for Israel-Hamas Deal

French Premier Lecornu Resigns; Trump Pushes for Israel-Hamas Deal

On today's podcast:1) French Prime Minister Sebastien Lecornu resigned Monday just a day after President Emmanuel Macron named a new cabinet, deepening the country’s political crisis. The premier quit...

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Special Coverage: Hamas Agrees To Release Israeli Hostages

Special Coverage: Hamas Agrees To Release Israeli Hostages

Hamas agreed to release the last of the hostages from its 2023 attack on Israel but said the rest of a US peace plan would be subject to negotiation, a stance that offered uncertain hopes for an end t...

4 Loka 202517min

Daybreak Weekend: Pfizer Deal, Nobel Peace, Golden Week

Daybreak Weekend: Pfizer Deal, Nobel Peace, Golden Week

Bloomberg Daybreak Weekend with Host Tom Busby take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the impact of lumber and timber tariffs on housing,...

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Shutdown Continues with Senate Vote Expected; US-China Trade "Breakthrough"

Shutdown Continues with Senate Vote Expected; US-China Trade "Breakthrough"

On today's podcast:1) The Senate is expected to hold another vote today on a stopgap spending bill to reopen the government into mid-November. It comes as President Trump threatens to slash jobs. The ...

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