President Donald Trump unleashed a series of tariff deals and demands on the eve of his Friday deadline, including surprises on India and copper as the US president attempts to create a new global trade order. Trump on Wednesday announced tariffs of 15% on imports from South Korea that matched the rate for neighbor Japan, and a painful 25% levy on imports from India that was accompanied by criticism of its purchases of Russian energy and weapons, pressuring Prime Minister Narendra Modi. Trump also shocked markets with new tariff rules on copper, sinking prices in New York by a record after exempting the most widely traded forms of the metals from 50% tariffs. In market news, Meta and Microsoft led Magnificent Seven stocks higher in premarket trading on Thursday after the companies blew past Wall Street estimates and pledged to boost investments in their artificial intelligence efforts.
Today’s guests: Nadia Grant, BNP Paribas Asset Management Head of Global Equities, Tom Wagner, Knighthead Capital Management Co-Founder & Birmingham City Co-Owner, Conrad Keijzer, Clariant CEO, Jon Stanton, The Weir Group CEO
"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
00:02:01 – Meta 3Q Revenue Forecast Beats Estimates
00:05:06 – US Copper Premium Evaporates
00:06:19 – China Summons Nvidia on H20 Chip Security Risk
00:07:12 – Nadia Grant, BNP Paribas Asset Management Global Equities Head
00:08:19 – Powell Downplays Chance of September Fed Cut
00:17:29 – Knighthead Planning Birmingham City FC Sports Quarter
00:20:54 – Thomas Wagner, Birmingham City FC Co-Owner
00:28:45 – Conrad Keijzer, Clariant CEO
00:42:11 – Jonathan Stanton, The Weir Group CEO
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