Equities fell around the world after leaders of the biggest artificial-intelligence firms proposed slowing the technology’s development, while a jump in oil prices sapped risk sentiment further.

Tech stocks led declines as traders fretted that efforts to rein in the advance of cutting-edge AI could dent the boom driving hundreds of billions of dollars in capital expenditure. Nasdaq 100 futures sank 1.4%. OpenAI backer SoftBank Group Corp. slid the most in three months in Japan, while South Korea’s Kospi index slumped 3.3%. In Europe, the Stoxx 600 was little changed. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie.

Chapters:
00:00:00 – AI Slowdown Fears Hit Markets
00:04:28 – Oil Jumps on Middle East Tensions
00:06:37 – Fed, BOE and BOJ Decisions in Focus
00:11:19 – Saudi Pipeline Closure Pushes Oil Higher
00:14:51 – Central Banks, AI and the Market Outlook
00:24:48 – Margrethe Vestager on Europe’s AI Strategy
00:33:09 – Thoma Bravo on AI, Software and Private Equity
00:40:26 – Could an AI Slowdown Reshape Markets?
00:44:57 – Stocks to Watch: Chips, AstraZeneca and Carlsberg
00:46:17 – European Markets Open
00:50:54 – Investing Through the AI Uncertainty
00:59:42 – European Tech Stocks Sell Off
01:02:06 – AI Slowdown: What It Means for Tech
01:08:31 – UniCredit’s Commerzbank Takeover Push
01:15:33 – Alcon CEO on Trump’s Drug Pricing Push
01:23:44 – Swedish Election Results Too Close to Call
01:28:20 – France Targets €30 Billion in Budget Savings
01:31:21 – Fed, BOE and BOJ: What to Expect This Week
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Anthropic PBC could spend $750 billion on additional computing power in the coming years and it lost $80.7 billion in the first half of this year, according to the Wall Street Journal. The media outlet says it obtained a copy of the company’s S1 filing as it prepares to go public. Romaine Bostick and Jess Menton report.
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A global bond selloff intensifies amid growing concerns over inflation as oil prices climb. The British pound is on track for its worst week since 2024 against the dollar as UK Prime Minister Keir Starmer faces challengers for his position. A two-day meeting between President Trump and President Xi comes to an end with both leaders touting stronger ties between the US and China. Kelsey Berro of JPMorgan Asset Management breaks down the selloff in government bonds. Nicholas Burns, former US Ambassador to China, discusses the Trump-Xi summit.

Chapters:
00:00:00 – Bloomberg Brief
00:00:43 – Global Market Check
00:03:24 – First Look Movers
00:11:15 – Trending on the Terminal
00:19:46 – Front Page News
00:24:14 – Kelsey Berro, JPMorgan Asset Management Income Portfolio Manager
00:31:10 – Trending on the Terminal
00:34:27 – Nicholas Burns, Former US Ambassador to China
00:44:31 – What to Watch
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SpaceX is blowing past all Wall Street expectations in its second earnings report as a public company. Elon Musk’s company posted its first quarterly profit — $4.4 billion, or 35 cents a share, more than double estimates — while spending nearly $20 billion on capex. Ross Gerber of Gerber Kawasaki Wealth and Investment Management, is a shareholder. He says SpaceX should just buy Tesla now.
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Federal Reserve Bank of Minneapolis President Neel Kashkari says that the central bank “will do what we need to do to get inflation back down to our target.” He also addresses the strength of the US economy, lessons learned on supply shocks, and a potential signal from US two-year Treasury yields.
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