Stocks slid in a broad retreat from riskier assets as a slate of technology earnings fell short of elevated expectations and escalating hostilities in the Middle East pushed oil prices higher. Deadly attacks in Saudi Arabia heightened concerns that rising Middle East tensions could hit supply, even as exports through the Strait of Hormuz accelerate.
Meta CEO Mark Zuckerberg told investors that a pricey wager on artificial intelligence is delivering results, setting the stage for the company to bet even more aggressively on the market.
Tesla pulled back its spending plans after investment last quarter trailed expectations, clouding Elon Musk’s effort to transform the electric vehicle maker into an AI and robotics company.
Today’s guests: Wei Li, BlackRock Global Chief Investment Strategist; Joseph Pinto, M&G Asset Management 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:
00:00:28 – Meta Goes Big
00:05:00 – Wei Li, BlackRock Global Chief Investment Strategist
00:16:09 – Joseph Pinto, M&G Asset Management CEO
00:25:00 – Jensen Huang Calls Global Pacing of AI Development ‘Ridiculous’
00:30:10 – Nvidia Announces Slew of German Investments
00:42:52 – Putin Releases Hostage, Earns US Praise as Humanitarian
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More on Bloomberg Television and Markets
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