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.

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Jaksot(1590)

Winter Storm Pummels East Coast; Dems Threaten Shutdown After Latest Minneapolis Killing

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23 Tammi 39min

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Powerful Winter Storm Threatens East Coast; Russia Sees No Breakthrough After Ukraine Talks

On today's podcast:1) New York City is poised to get pummeled with more than a foot of snow this weekend, a test for new Mayor Zohran Mamdani, as a massive weather system lands on the region threateni...

23 Tammi 15min

Trump Drops Tariff Threat After ‘Framework’ Greenland Deal; Supreme Court Appears Wary of Bid to Fire Fed’s Cook

Trump Drops Tariff Threat After ‘Framework’ Greenland Deal; Supreme Court Appears Wary of Bid to Fire Fed’s Cook

On today's podcast:1) President Trump said he would refrain from imposing tariffs on goods from European nations opposing his effort to take possession of Greenland, citing a “framework of a future de...

22 Tammi 19min

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On today's podcast:1) President Trump expressed confidence that the European Union would continue to invest in the US even if he imposed new tariffs related to his quest to take control of Greenland, ...

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Greenland Talks Loom Over Davos; Bessent Says Fed Pick Could Come as Soon as Next Week

Greenland Talks Loom Over Davos; Bessent Says Fed Pick Could Come as Soon as Next Week

On today's podcast:1) President Trump said he will meet with several parties over his ambition to take control of Greenland during the upcoming World Economic Forum. Trump said in a Truth Social post ...

20 Tammi 15min

Daybreak Holiday: Stock Market Records, Fed Independence, The Future of DEI

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On this special MLK Holiday edition of Bloomberg Daybreak, host Nathan Hager discusses: Stocks are coming off three straight years of double digit gains..What will 2026 hold? We hear from Cameron Daw...

19 Tammi 38min

Daybreak Weekend: Netflix Earnings, Davos Preview, China Data

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to earnings from Netflix and Intel. In the UK – a l...

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