It’s been a bruising week for tech with a $1 trillion software selloff and sharp falls in big tech despite solid revenue growth. Huge capex spending has been the big concern, and this week’s spending announcements have done nothing to allay those fears. This week alone, four of the biggest US tech companies forecast combined spending for the year of around $650 billion. $200 billion of that is by Amazon alone, leading to its shares tumbling.

Today’s guests: Isabelle Mateos y Lago, BNP Paribas, Group Chief Economist; Luis Costa, Citi, Global Head of EM Strategy; Lindsay Newman, King’s College London, Visiting Research Fellow

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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
00:00:25 – Big tech to spend $650B this year to win the AI race
00:02:44 – Anthropic unveils new Claude Opus 4.6 model
00:04:16 – Market roundtable: BNP’s Isabelle Mateos y Lago & Citi’s Luis Costa
00:18:00 – Japan to hold snap election Sunday
00:21:38 – Bitcoin bounces neat $60,000 after 50% retreat
00:23:33 – Friday headlines
00:24:00 – Iran signals no quick solution ahead of US talks
00:27:26 – Lindsay Newman, King’s College London Visiting Research Fellow
00:34:45 – BOE’s Bailey sees scope for further easing
00:37:57 – Thailand election just one hurdle to growth
00:40:33 – Trillion-dollar tech wipe out
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More on Bloomberg Television and Markets

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