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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[LuceWilliam-irmg]

Used to think investors lose out amid crash, meanwhile some make profits. I also thought folks went out of business during the great depression, but some went into business. Bottom line, there's always depression for some while others amass wealth gains.

[royed]

when the Fed eventually decides to cut rates, it might send a message that the economy is in trouble.

If the rate cuts come after a period of economic deterioration, it could be interpreted as a sign that the Fed is responding to significant economic stress

By waiting, the Fed risks being perceived as reactive rather than proactive. If economic indicators worsen, the delayed response might not be sufficient to counteract the slowdown effectively

[ashdgee]

As an investor, this is one of the most stressful times I have to go through. Hope the markets can make a rebound fairly soon. Interesting that defence aerospace stocks like Lockheed Martin actually rallied

[Ubbs]

Told you people. Keep listening to Tom lee😂😂

[AnuragShrivastav-]

It will fall even more. All the Ai hype is a big bubble.

[brianrundle]

Its all women here... Is this a DEI channel?