The US Senate took a major step toward re-opening the government after a group of moderate Democrats broke with their party leaders and voted to support a deal to end the record-breaking shutdown. The Senate voted 60-40 on a procedural measure to advance the bill Sunday evening. The House also needs to approve the measure before it goes to President Donald Trump’s desk for his signature. Under the agreement, Congress would pass full-year funding for the departments of Agriculture, Veterans Affairs and Congress itself, while funding other agencies through Jan. 30. The bill would provide pay for furloughed government workers, resume withheld federal payments to states and localities and recall agency employees who were laid off during the shutdown.
TSMC reported a slowing growth in monthly revenue, highlighting uncertainty over the sustainability of the AI boom even as industry behemoths including Nvidia chase more chip supplies. TSMC posted a 16.9% rise in sales for October, the slowest pace since February 2024. Analysts on average are expecting sales to increase 16% in the current quarter. Industry executives remain buoyant about AI-driven growth as major tech firms are accelerating investments in data centers. The TSMC revenue gain also just covers just a single month of business, offering investors less insight.
Today’s guests: Sophie Huynh, BNP Paribas Asset Management; Michele Della Vigna, Goldman Sachs; Berthold Schmidt, Trumpf CTO
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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
00:00:40 – Trump: Getting Very Close on Shutdown Ending
00:02:34 – US House Needs to Okay Measure Before Deal Lands on Trump’s Dek
00:03:59 – Sophie Huynh, BNP Paribas Asset Management
00:13:33 – Novo Bows Out of Race to Buy Metsera
00:16:00 – Michele Della Vigna, Goldman Sachs
00:24:02 – Monday Headlines
00:25:53 – US Flight Chaos Deepens Amid Govt Shutdown
00:27:01 – Berthold Schmidt, Trumpf CTO
00:34:30 – China Consumer Prices Unexpectedly Rise
00:37:53 – BBC Leaders Announce Exit in Spat with Trump
00:41:01 – TSMC Growth Slows as AI Demand Cools
00:44:05 – Stocks Rise, Bonds Fall as US Government Shutdown Nears End
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