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.

Avsnitt(1598)

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

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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...

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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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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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Trump Plans Shutdown Job Cuts, OpenAI Valuation Soars to $500 Billion

Trump Plans Shutdown Job Cuts, OpenAI Valuation Soars to $500 Billion

On today's podcast:1) White House Budget Director Russell Vought is planning to swiftly dismiss federal workers, a sign that Republicans will lean into hardball tactics to pressure Democrats to cave t...

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Government Shutdown Takes Effect, White House Pulls Antoni BLS Nomination

On today's podcast:1) Congress blew past a midnight funding deadline, triggering the US government’s first shutdown in nearly seven years — and the third under President Trump. The White House’s budge...

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