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Stock Rout Pauses, Europe Heat Wave Intensifies | The Pulse 6/24/2026

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2 months ago

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A measure of calm returned to equity markets after a selloff in top-performing technology names, with Micron’s earnings taking on added significance as a test for the artificial intelligence trade.
Nasdaq 100 futures rebounded after worries about stretched valuations sent the index down more than 3% in the previous session.

President Donald Trump said Iran will be able to use funds released from frozen accounts only to purchase food and medical supplies from the US, seeking to ease concerns about peace negotiations that both sides say are making progress. But Trump’s comments were disputed by Iran, the latest example of the two sides making conflicting claims about key issues, including the status of nuclear inspections.

France recorded its hottest ever night and day as the heat wave searing western Europe deepened, disrupting schools, transport and tourist sites. The extreme temperatures, driven by a high-pressure heat dome and reinforced by atmospheric shifts linked to a developing El Niño, have already been blamed for several deaths. Europe’s power supply is being squeezed by low wind generation and heat-related curbs at French nuclear plants, where high river temperatures are limiting output.

Today’s guests: Joyce Chang, JPMorgan Global Research Chair; Clemens Fuest, Ifo Institute President; Miljan Gutovic, Holcim CEO; Benoit Bazin, Saint-Gobain CEO.

—
“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
00:03:55 – Joyce Chang, JPMorgan Global Research Chair
00:11:27 – Clemens Fuest, IFO Institute President
00:18:23 – Iran Denies US Claims on Unfrozen Funds, Inspections
00:22:01 – E5 Leaders To Meet in Berlin
00:25:47 – Burnham To Flesh Out Economic Plan
00:29:58 – Teresa Ribera, European Commissioner fro Competition
00:30:57 – Miljan Gutovic, Holcim CEO
00:37:45 – European Heat Wave Expands
00:40:29 – Roland Busch, Siemens CEO
00:43:06 – Benoit Bazin, Saint-Gobain CEO
——–
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Russia Prepares New Attacks on Kyiv as Peace Frameworks Fail

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2 hours ago

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September 1, 2026

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Russia is preparing to escalate attacks on Ukraine after concluding that negotiations for a peace deal have reached a dead end, according to three people close to the Kremlin. Bloomberg’s Anthony Halpin has the details.
——–
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Humanoid Robots Put China Ahead in Tech Race

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7 hours ago

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August 31, 2026

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China’s humanoid robot makers now control 97% of global shipments, giving Beijing an early lead over US rivals. But can they become everyday tools?

At the World Robot Conference in Beijing, robots sort boxes, handle laundry and bag clothes, as Allen Wan finds out.
——–
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‘We Got What We Needed From This Speech,’ Says Citi’s Kate Moore

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8 hours ago

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August 31, 2026

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Citi Wealth CIO Kate Moore joins Bloomberg’s Lisa Abramowicz and Tom Keene from Jackson Hole, Wyoming.
She reacts to Fed Chair Kevin Warsh’s debut Jackson Hole speech.
——–
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Trump Ally Says Fed Should Hold Rates Steady

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9 hours ago

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August 31, 2026

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Former Trump Senior Economic adviser Stephen Moore is on Bloomberg This Weekend and says inflation remains too high for the Federal Reserve to cut interest rates, breaking with President Donald Trump’s repeated calls for lower borrowing costs and arguing the central bank should hold rates steady for now. Moore also warned hosts Christina Ruffini and Bailey Lipschultz that elevated oil prices and the escalating US Canada trade fight pose risks to the economy and Republicans heading into the midterm elections.
——–
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Trump Renames Lake Ontario as Lake America, Says Canada Is Ripping Off the US

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10 hours ago

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August 31, 2026

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President Donald Trump signed a directive renaming Lake Ontario as Lake America effective immediately. “Canada has been ripping us off for a long time on trade,” Trump told reporters in the Oval Office when asked what message he was sending to the US’s northern neighbor.
——–
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