Global bond yields fell after the US Treasury said it plans to buy back more longer-dated bonds. The intervention by Scott Bessent came after borrowing costs hit multi-year highs. Data released hours later showed total US public debt surpassed $40 trillion for the first time.
President Donald Trump says the US will subject Iran to “Economic Warfare” threatening “tremendous consequences” for anyone doing trade with Tehran.
Novonesis jumped more than 10% after announcing its first-ever share buyback program, worth €1 billion. The Danish biotech company reported second quarter revenue that beat estimates and has now boosted its full-year revenue guidance.
Today’s guests: Bhanu Baweja, UBS Investment Bank, Chief Strategist; Ester Baiget, Novonesis, CEO & Selahattin Bilgen, Istanbul Airport, 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
00:00:41 – Bullard: Treasury move doesn’t change fundamentals
00:03:51 – Bhanu Baweja, UBS Investment Bank, Chief Strategist
00:12:56 – Trump: Starting ‘economic warfare’ against Iran
00:16:09 – Target boosts sales outlook
00:17:59 – Europe’s hot stock markets are creating a buzz
00:23:26 – Thursday headlines
00:24:10 – Ester Baiget, Novonesis, CEO
00:31:41 – Thursday top stories
00:33:04 – Russian strikes leave Ukrainian farmers with pies of unsold grain
00:37:18 – Bloomberg Big Take: The US Lead in the AI Race With China Is Rapidly Narrowing
00:40:39 – Selahattin Bilgen, Istanbul Airport, CEO
00:46:33 – China sentences Evergrande founder Hui to life
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