Chip Selloff Deepens Before Wall Street Earnings

Bloomberg Television2 hours ago1:34:53

A selloff in chipmakers extended for another day, putting pressure on equity markets as traders also prepared for Wall Street banks to kick off the US earnings season in earnest. Big US banking stocks, meanwhile, are firmly in correction territory as Citigroup, Goldman Sachs, JPMorgan and Wells Fargo prepare to report before the open. The KBW Bank Index has dropped around 12% from a mid-August peak, exceeding the 10% threshold for a technical correction. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. Chapters: 00:00:00 - Bloomberg's The Opening Trade Begins 00:00:04 - Markets Wake Up to Tech, Oil & Geopolitical Risks 00:01:27 - The Agenda: Broadcom CEO's AI "Casino" Warning Hits Chip Stocks, Oil Prices, Saudi Attacks & Middle East Tensions, LVMH Results 00:09:25 - What to Watch: OPEC, US Bank Earnings & Apple 00:14:43 - Semiconductor Selloff & AI Investment Concerns, Can China Catch Up in the AI Race, Meta's New AI Model & Competitive Threat 00:19:00 - Oil Prices & Growing Saudi-Houthi Conflict, Tankers Turn Away From the Persian Gulf 00:25:12 - Trump, Zelenskyy & the Russia-Ukraine War, Fmr. US Special Envoy to Ukraine Keith Kellogg on the Path to Ending the War 00:31:12 - Need to Know 00:35:38 - Prime Minister of India Narendra Modi on India's Growth & Technology Transformation 00:36:38 - Blackstone President & COO Jonathan Gray on Investing in India, Blackstone's AI Infrastructure Strategy 00:47:14 - European Markets Open, ASML & European Tech Stocks Slide 00:50:25 - William Hobbs Brooks Macdonald CIO on Can Europe Be a Haven From the AI Trade, Stocks, Bonds & Portfolio Rotation, Are AI Investors Gambling 01:00:20 - LVMH, Luxury Stocks & European Movers 01:03:57 - European Chip Stocks Extend Selloff 01:06:42 - LVMH's China Sales & Consumer Backlash 01:11:17 - European Stocks Defy Global Tech Weakness 01:13:25 - Need to Know 01:14:46 - Anna Titareva, UBS Investment Bank Pan European Economist, on UK Growth, Wages & Bank of England Outlook, France's Budget & Political Uncertainty 01:21:21 - Anna Titareva, UBS Investment Bank Pan European Economist, on Higher Yields & Central Bank Policy, How Higher Oil Prices Hit Inflation & Growth 01:24:17 - What to Watch Today 01:25:10 - US Bank Earnings Preview, Is US Consumer Credit Stress Emerging 01:30:01 - Can Broadcom's Warning Crack the AI Rally, Are Bonds Becoming a Safe Haven Bank of England Rate Hike Outlook 01:33:35 - Bloomberg New Economy Forum & Fed Outlook -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

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Chip Selloff Deepens Before Wall Street Earnings | PiQ Markets