The White House says China will effectively suspend implementation of additional export controls on rare-earth metals and terminate investigations targeting US companies in the semiconductor supply chain. It’s another sign of cooling US-China trade tension after Donald Trump and Xi Jinping met last week. Under the deal, China will issue “general licenses” valid for exports of rare earths, gallium, germanium, antimony and graphite “for the benefit of US end users and their suppliers around the world.”
Meanwhile, Ryanair reported post-tax profit in the second quarter that topped estimates. Before today, Shares of Ryanair had jumped about 37% so far this year in comparison with low-cost rivals EasyJet Plc and Wizz Air Holdings Plc which have declined 14% and 27%, respectively. Speaking to Bloomberg this morning, CEO Michael O’Leary says “more capacity, more flights, more aircraft and more jobs will move from the UK.”
Today’s guests: Karim Chedid, BlackRock; Giulia Pellegrini, Allianz Global Investors; Lydia Rainforth, Barclays; Alastair King, City of London, Lord Mayor
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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
00:02:37 – Karim Chedid, BlackRock
00:06:18 – European Earnings Ahead This Week
00:09:36 – Tech Tariffs In Focus Amid Easing US-China Trade Tensions
00:13:31 – Eni CEO Descalzi: "Very Caurtious" on Oversupply
00:14:31 – Giulia Pellegrini, Allianz Global Investors
00:20:47 – BP CEO Speaking At ADIPEC Panel
00:23:39 – Monday Headlines
00:24:24 – OPEC+ Says Will Pause Output Hikes Next Year
00:26:30 – Lydia Rainforth, Barclays
00:32:06 – White House’s Fossil-Fuel Bet Is Already Losing
00:32:35 – Matt Winkler, Bloomberg News Editor-in-Chief Emeritus
00:36:54 – ADIPEC Panel on Energy Diversity
00:38:47 – Ryanair Lifts Passenger Goal as Boeing Handovers Improve
00:42:39 – Monday Top Stories
00:43:48 – UK Chancellor Rachel Reeves Eyes Taxing the Rich
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More on Bloomberg Television and Markets
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