Share of Nvidia fell and Alphabet gained on a report that Meta Platforms is in talks to spend billions on Google’s AI chips. Meta is in discussions to use the Google chips — known as tensor processing units, or TPUs — in data centers in 2027, The Information reported, citing an unidentified person familiar with the talks. Meta also may rent chips from Google’s cloud division next year, the news outlet said. An agreement would help establish TPUs as an alternative to Nvidia’s chips, the gold standard for big tech firms and startups from Meta to OpenAI that need computing power to develop and run artificial intelligence platforms.
US stock futures eased after a tech-fueled rally in the S&P 500, as traders look ahead to a slate of economic data to gauge whether optimism over a potential Federal Reserve interest-rate cut can hold up. In Europe, the Stoxx 600 was little changed. Asia’s regional benchmark climbed 0.6%, buoyed by gains in Chinese shares after Presidents Donald Trump and Xi Jinping held their first talks since agreeing to a tariff truce last month. Traders are watching US data ahead of the Thanksgiving holiday, including September retail sales and producer prices due later Tuesday.
Today’s guests: Omotunde Lawal, Barings; Jack Meaning, Barclays
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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
00:01:24 – Fed’s Waller: Advocating for rate cut next meeting
00:03:32 – US cancels release of Oct CPI, unemployment rate
00:05:31 – Omotunde Lawal, Barings
00:16:23 – EU rejects US demand to ease tech rules
00:19:29 – Russia, Ukraine trade fire after Trump voices hope for deal
00:21:37 – Ukraine & Europe draw up 19-point plan: Sources
00:23:31 – Tuesday headlines
00:24:09 – EasyJet sees capacity rising as Airbus ups deliveries
00:28:02 – UK Chancellor said to cut tax-free savings limit
00:31:40 – Jack Meaning, Barclays
00:39:43 – Europe car sales climb again in October
00:40:11 – Mamdani taps ex-Goldman executive for transition
00:40:38 – James Comey, Letitia James charges dismissed
00:41:41 – China asks airlines to extend Japan flight cuts
00:45:13 – Tech stocks help global equities advance for 3rd day
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More on Bloomberg Television and Markets
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