Strong growth at Microsoft has reassured investors that expensive bets on AI are starting to pay off. But Meta shares slid in premarket trading after the Facebook parent gave a revenue outlook that is seen as disappointing.
Investors dumped 30-year Treasury bonds, sending the yield to a 19-year high after the Fed kept interest rates unchanged for a seventh consecutive month. Investors have wagered that Federal Reserve Chairman Kevin Warsh was only delaying an inevitable rate hike.
The US has launched a fresh wave of strikes on Iran in response to an attack on American forces in Jordan, escalating a conflict that’s now spreading across the Middle East.
Today’s guests: Katharine Neiss, PGIM Credit Deputy Head of Global Economics; Simon Hunt, Campari Group CEO; Dominik von Achten, Heidelberg Materials CEO
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:00:37 – European CEOs discuss earnings results
00:03:57 – US launches new wave of strikes against Iran
00:06:03 – Katharine Neiss, PGIM Credit Deputy Head of Global Economics
00:15:24 – Simon Hunt, Campari Group CEO
00:23:46 – Thursday headlines
00:24:15 – Poland’s Tusk says missile incident is serious
00:24:49 – Bank of England expected to keep rates on hold
00:26:48 – Dominik von Achten, Heidelberg Materials CEO
00:33:35 – EXCLUSIVE: Nicolas Hieronimus, L’Oréal CEO
00:39:41 – Poland’s Tusk says object that fell was a Russian missile
00:41:33 – Munich Re: Losses from natural disasters hit $112 billion in first half
00:44:04 – FIFA pursues controversial sale plan
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