Nvidia, Apple Fall Amid Tech Selloff | Bloomberg The Pulse 08/05/24

The global stock rout accelerated on Monday, with losses cascading across tech shares. Europe’s Stoxx 600 benchmark slumped at the open and is set for its biggest three-day decline since June 2022. Traders are piling into bets that the US economy is on the verge of deteriorating so quickly that the Federal Reserve will need to start easing monetary policy aggressively — potentially before their next scheduled meeting — to head off a recession. Traders now see a roughly 60% chance of an emergency quarter-point cut within one week.

Today’s guests: Nannette Hechler-fayd’herbe, Lombard Odier, EMEA CIO; Kasim Kutay, Novo Holdings 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
00:01:04 – Nannette Hechler-fayd’herbe, Lombard Odier
00:10:01 – Berkshire Cuts Apple Stake by Almost Half in Selling Spree
00:12:30 – Nannette Hechler-fayd’herbe, Lombard Odier
00:16:50 – Israel Braces for Attack by Iran as US Urges Gaza Cease-Fire
00:19:10 – Headlines
00:21:11 – Stocks Rout Deepens on Jobs Report
00:26:21 – EXCLUSIVE: Kasim Kutay, Novo Holdings CEO
00:34:24 – UK PM Starmer on Riots: Participants Will Face Force of Law
00:39:09 – European Earnings Preview
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