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US Stocks Drag as Broadcom’s Outlook Fails to Impress | Bloomberg Brief 6/4/2026

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Nasdaq 100 futures lead US equities lower as Broadcom’s sales growth forecast failed to meet investors’ lofty expectations. Iran says there had been no recent progress in peace deal talks with the US, while fighting persists in Lebanon. Sharon Bell of Goldman Sachs discusses the difference in sector exposure in the US and European equity markets. Rhonda Vonshay Sharpe of the Women’s Institute for Science, Equity and Race focuses on the inequality in the labor market.

Chapters:
00:00:00 – Bloomberg Brief
00:00:45 – Global Market Check
00:04:39 – First Look Movers
00:14:38 – Trending on the Terminal
00:20:32 – Front Page News
00:23:02 – First Look Movers
00:24:22 – Breaking News: US Challenger May Job Cuts Rise 3.4% Y/Y
00:27:46 – Sharon Bell, Goldman Sachs Senior European Equity Strategy
00:34:03 – Trending on the Terminal
00:35:33 – Rhonda Vonshay Sharpe, Women’s Institute for Science, Equity and Race President & Founder
00:41:32 – What to Watch
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Indonesian Stocks Tumble on MSCI Downgrade Warning

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Indonesian stocks suffered their worst rout in nearly three decades after MSCI warned the country’s emerging-market status was in jeopardy. David Ingles and Stephen Engle report.
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South Africa pushes back against US ‘White Supremacy’ agenda

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South Africa’s foreign minister Ronald Lamola describes the US administration’s views as feeding the agenda of White supremacy, and said its policy is a race-based policy executive order. https://www.bloomberg.com/news/articles/2025-11-18/g-20-on-track-despite-trump-s-absence-host-south-africa-says

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Investors Aren’t Wild About Big Tech’s AI Forecasts

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US tech giants started releasing their latest earnings this week, and AI spending plans are getting a hard look from investors. On today’s Big Take podcast, Meta’s plan to spend some $825 billion over the next decade made investors nervous but Microsoft, Alphabet and Amazon may fare better.
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Nvidia-Backed Firmus IPO Collapses as AI Valuation Concerns Grow

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Firmus abandoned its attempt at one of Australia’s biggest-ever initial public offerings, after the Nvidia-backed data center company failed to lure global investors who’ve grown increasingly skittish over frothy AI valuations.
——–
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Republican-led House votes to stop Iran War in rebuke to Trump #shorts #politics #trump #iran

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The Republican-led House voted to halt the US war with Iran, breaking with President Donald Trump on an unpopular foreign conflict that is taking an escalating economic toll on Americans. Joe Mathieu reports https://bloom.bg/43Lus7d

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