US equity futures and the dollar declines after Moody’s downgraded its credit rating for the US. The yield for 30-year Treasuries surpasses 5% for the first time since November 2023. Nvidia CEO Jensen Huang unveils new tech at Computex in Taipei. President Trump’s tax bill advances after GOP lawmakers strike a deal for faster Medicaid cuts. Alfonso Peccatiello of Palinuro Capital says the nominal neutral rate for the US is being raised. Keith Lerner of Truist says the relationship between tech and interest rates is somewhat over-extrapolated.
“Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda.
Chapters:
00:00:00 – Intro
00:01:15 – First Look Movers
00:04:07 – Alfonso Peccatiello, Founder & CIO of Palinuro Capital
00:10:38 – Nvidia CEO Unveils New Technologies to Protect AI Chip Lead
00:12:54 – House Committee Advances Trump Tax Bill
00:15:28 – GOP Agreed on Faster Medicaid Cuts
00:19:46 – UK-EU Defense, Security Pact Expected
00:20:04 – Trump and Putin Phone Call Expected Today
00:27:21 – Keith Lerner, Truist Co-CIO & Chief Market Strategist
00:31:39 – Netanyahu: IDF to Gain Control of Entire Gaza Strip
——–
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