Defiant UK Prime Minister Starmer Tells Cabinet He’s Staying | The Pulse 05/12/2026

Today’s show comes live from JPMorgan’s annual Global Markets Conference in Paris, where investors are reflecting on the year gone by, and asking where the different asset classes go from here.

A defiant Keir Starmer has told ministers he’s staying on as UK Prime Minister, despite dozens of MPs calling for him to set a timetable for his departure. Starmer told his Cabinet that efforts to oust him had been “destabilizing” and he wouldn’t step down without a leadership fight.

Shipping in the Strait of Hormuz remains at a standstill. President Trump says Iran’s response to his latest proposal is a “piece of garbage” and the ceasefire is on “massive life support”. But he maintains that a diplomatic solution to the war is still possible.

Today’s guests: Dubravko Lakos, JPMorgan, Head of Global Markets Strategy; Amanda Lynam, Goldman Sachs, Chief Credit Strategist; Henry Fernandez, MSCI, CEO; Sanjay Jhamna, JPMorgan, Head of Global Credit Trading.
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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 Live from Paris
00:02:16 – UK Prime Minister Starmer facing growing pressure to step down
00:05:07 – Dubravko Lakos-Bujas, JPMorgan Global Markets Strategy Head
00:12:27 – Trump says Iran ceasefire on ‘massive life support’
00:18:40 – Amanda Lynam, Goldman Sachs, Chief Credit Strategist
00:24:50 – Tuesday headlines
00:25:49 – Keir Starmer facing growing pressure to step down as UK PM
00:28:54 – Henry Fernandez, MSCI Chief Executive
00:37:42 – Japanese Fin. Min.: Coordinating with Bessent on Forex policy
00:40:48 – UK Prime Minister Starmer tells cabinet he’s staying as PM
00:42:06 – Blackstone’s Gray on private credit angst
00:42:47 – Sanjay Jhamna, JPMorgan Credit Trading Global Head
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