Valuations in the booming AI industry are due for a reassessment, according to JPMorgan Chase & Co. Vice Chairman Daniel Pinto, who warned that any decline would reverberate across the stock market. “There is probably a correction there,” Pinto said at the Bloomberg Africa Business Summit in Johannesburg on Tuesday.

Initial jobless claims totaled 232,000 in the week ended Oct. 18, according to US Labor Department website showing historical data for claims. While the department has not released its weekly jobless claims report since the government shutdown began earlier this month, it has published data on it website through other channels.

The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Kriti Gupta and Valerie Tytel.

Chapters:
00:00:00 – The Opening Trade
00:01:59 – Bitcoin Hits Trigger Point
00:06:41 – US to Sell F-35 Jets to Saudi Arabia
00:08:11 – Japan, China Spat over Taiwan Comments
00:11:00 – Bloomberg Africa Business Summit
00:12:38 – UN Backs Trump Gaza Plan
00:13:38 – UBS Spoke to Bessent on Possible Move to USA
00:15:22 – Nasdaq 100 Futures Down
00:20:04 – Stock Extend Losses, Risk Sentiment Worsens
00:27:00 – Johannesburg Stock Exchange CEO Leila Fourie
00:34:37 – Stock Market Selloff on Four Day Streak
00:47:14 – Stocks to Watch: AkzoNobel, Amundi, Credit Agricole
01:14:15 – South Africa Needs to Cut Crime Levels: African Rainbow’s Motsepe
01:21:55 – Emirate Airlines President Tim Clark
01:32:27 – JPMorgan’s Pinto Warns of Possible ‘Correction’ in AI Valuations
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