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Stocks Erase Gains as Hope Dims for Ukraine Talks; Nvidia, AMD to Pay US | The Pulse 8/11/2025

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Nvidia Corp. and Advanced Micro Devices Inc. agreed to pay 15% of their revenues from Chinese AI chip sales to the US government in a deal to secure export licenses.
The arrangement reflects US President Donald Trump’s effort to engineer a financial payout for America in return for concessions on trade, according to the text.
Elsewhere, Stocks erased gains as traders dialed back optimism that a summit between US President Donald Trump and Russia’s Vladimir Putin would bring the war in Ukraine closer to a resolution.
S&P 500 futures were little changed after the index ended Friday just shy of a record high. Europe’s main equity benchmark was also flat, having earlier risen as much as 0.4%. Brent crude trimmed losses to trade down 0.4% around $66.30 a barrel.

Today’s guests: Subitha Subramaniam, Sarasin & Partners Investment Strategy Head, Yacov Arnopolin, PIMCO Emerging Markets Portfolio Manager

“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
00:00:39 – Nvidia, AMD to Pay 15% on China AI Chip Sales in US Deal
00:03:10 – US-China Truce Due to Expire Soon
00:06:17 – Trump to Meet Putin in Alaska on Friday
00:09:59 – Subitha Subramaniam, Sarasin & Partners Investment Strategy Head
00:16:05 – CATL Suspends Output at China Lithium Mine
00:19:55 – Netanyahu: ‘Our Goal is to Free Gaza’
00:21:03 – Israel Plans Military Sweep Against Hamas in Gaza
00:24:29 – Investors Ramp up Bets on Emerging Markets
00:27:04 – Yacov Arnopolin, PIMCO Emerging Markets Portfolio Manager
00:32:49 – Trump’s Silicon Shakedown
00:35:16 – Trump Alleges Intel CEO Has Conflict of Interest
00:38:55 – Putin Demands Ukraine Cede Eastern Donbas, Crimea
00:42:29 – Trump Set to Meet Putin
00:45:48 – Oil Adds to Slide on Talk Anticipation
——–
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Americans Are Richer Than Ever. Why Are They So Angry?

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Bloomberg’s Allison Schrager and David Gura join Scarlet Fu and Tom Keene on “Bloomberg Money.” Schrager writes that “it is one of the great paradoxes of our time: Americans have never been richer — or more negative about the economy. More people are upper-middle class than ever, and even lower-income Americans are richer by almost every measure compared to previous generations. And yet more than three in five Americans say the economy is not working for them.”
——–
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Shorts Debate Challenges Office Dress Codes

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Bloomberg’s Chris Rovzar says workplace dress codes are evolving as warmer weather, changing office culture and designer collections prompt more employees to consider wearing shorts to work. He says a Bloomberg survey finds opinion remains divided, with supporters arguing shorts can be professional in the right setting while critics maintain traditional business attire still sets the standard.
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US Stocks Close Higher on Chip Rally | Closing Bell

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Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
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Bloomberg Surveillance 8/5/2026

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Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day.

Chapters:
00:00 Tech Rally, Hormuz Talks & SpaceX Selloff
03:57 Markets Are Leading the Fed — Noel Dixon, State Street
17:09 Hormuz Talks Leave Major Risks Unresolved — Lt. Gen. Karen Gibson (Ret.), Academy Securities
34:10 CapEx Is the Only Way to Musk’s SpaceX AI Vision — Dan Ives, Wedbush Securities
41:52 Hyperscaler Bonds Beat 30-Year Treasuries — Ashok Bhatia, Neuberger Berman
53:12 Can Tech Earnings Keep Growing? — Alicia Levine, BNY Wealth
1:06:18 Washington Can’t Ignore the AI Buildout — Ariana Salvatore, Morgan Stanley
1:18:31 Hyperscalers Can Handle More Debt — Bryan Whalen, TCW
1:31:39 30-Year Treasuries Aren’t Attractive Yet — Collin Martin, Schwab Center for Financial Research
1:40:20 This Still Feels Like a ‘Hated Rally’ — Monica DiCenso, JPMorgan Private Bank
1:50:04 US Companies Added Fewer Jobs Than Expected in July — Michael McKee
1:51:44 Inflation Is Closer to Target Than It Looks — Andrew Hollenhorst, Citi Research
2:00:50 US Treasury Keeps Debt-Sale Guidance Steady — Michael McKee
2:04:45 Real Yields Are Starting to Reward Investors — Nisha Patel, Parametric
2:17:07 Breakevens Signal an Inflation Warning — Noah Weisberger, BCA Research
——–
Watch it live every week day from 6-9 ET on Bloomberg Television, YouTube, Roku, Apple TV, Samsung TV, Android TV, Rakuten TV.

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Barnes & Noble CEO on Strategy, Book Sales and Possible IPO

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Barnes & Noble CEO James Daunt discusses the company’s strategy, demand for physical books and the potential for an initial public offering with Romaine Bostick and Emily Graffeo on “Bloomberg The Close.”
——–
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