Wall Street got a reality check as a bruising selloff in technology shares fueled concern the artificial-intelligence frenzy that has powered the equity bull market might be overblown. Disappointing tech results spurred the worst drop for stocks since June, with the Nasdaq 100 falling 3.5% and briefly crossing the threshold of a technical correction. Bloomberg News US Semiconductor Reporter Ian King, Bloomberg News Technology Reporter Matt Day and Bloomberg Intelligence Senior Technology Analyst Anurag Rana join to recap Intel and Amazon earnings. Plus, Jeff Sprecher, Intercontinental Exchange CEO joins to discuss the company’s deal with Hyperliquid to bring perpetual futures products into US markets. Then, Bloomberg News Senior Equities Editor Eric Weiner helps dissect today’s major selloff. Finally, Brooks Running CEO Dan Sheridan joins ahead of the New York City Marathon to discuss the shoe company’s market share and customer demand.

Chapters:
00:00:00 Bloomberg Businessweek Daily
00:02:05 Markets: Intel, Chips & AI Trade
00:04:25 Intel’s Historic Stock Rout
00:07:23 AI Spending & Chip Stock Valuations
00:11:20 Amazon, AI Spending & $80 Billion Financing
00:14:01 AWS Growth & the AI Infrastructure Boom
00:15:01 Amazon E-Commerce & Consumer Spending
00:17:14 Amazon’s AI Chips & Nvidia Competition
00:19:02 Tech Selloff Intensifies
00:21:11 ICE CEO on Markets & the AI Trade
00:23:23 Perpetual Futures & Crypto Trading
00:27:29 Prediction Markets & Retail Investors
00:30:19 The Push Toward 24/7 Trading
00:34:26 Is the AI Trade Unwinding?
00:36:13 Investors Rotate Into Defensive Stocks
00:39:40 New York City Marathon & the Running Boom
00:40:26 Brooks Running’s Growth & Consumer Demand
00:42:49 Running Clubs & Global Growth
00:44:46 Markets: Nasdaq Nears a Correction
00:47:17 Investors Demand Returns From AI Spending
00:49:06 Stock Movers: Intel, Amazon & Reddit
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The first polls are closing in the US midterm elections which have been dominated by voter frustration over the high cost of living. Here’s what voters around the country said drove them to turn out.
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BMO Capital Markets Senior Economist and Managing Director Jennifer Lee tells Bloomberg This Weekend that heavy AI investment has helped drive interest rates and inflation pressures higher, while a cooling in the sector could make the Federal Reserve’s job easier. Speaking with hosts David Gura and Lisa Mateo, Lee says the US economy remains robust but points to softer consumer spending and wage growth as investors await fresh labor data and another round of technology earnings.
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Apollo Global Management President James Zelter discusses the investment opportunities he sees across European countries and why the region is becoming an increasingly important market for private capital.

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“Bloomberg ETF IQ” focuses on the opportunities, risks and current trends tied to the trillions of dollars in the global exchange traded funds industry. Today’s guests: Active Investment Company Alliance Founder & Executive Chair John Cole Scott, Tema ETFs Head of Investment Strategy Paisley Nardini, Subversive ETFs Portfolio Manager Dan Weiskopf, and National Banks of Canada Capital Markets Linda Ma.

YouTube Chapters”

00;00;00;00 ETF IQ
00;02;28;15 John Cole Scott on Anthropic
00;03;59;21 Anthropic ETF Risks
00;05;57;20 Valuing Private Shares
00;07;28;02 Investing in Anthropic
00;08;38;27 Lessons From SpaceX
00;11;34;27 Paisley Nardini on Anthropic
00;14;22;10 Market Diversification
00;17;02;26 Rethinking the S&P 500
00;17;59;04 ETFs in Asia
00;19;10;23 ETF Finfluencers
00;21;27;21 ETF IQ Drill Down: NANC
00;22;58;24 Dan Weiskopf on Congress Trades
00;23;41;28 Why Congress Outperforms
00;25;34;05 Bipartisan Investing
00;26;01;21 How Congress Trades
00;27;03;06 Sports Betting ETFs
00;30;35;26 ETF Lifecycle
00;31;28;09 Bitcoin ETFs
00;32;28;12 Linda Ma on Alternative ETFs
00;33;42;12 Alternative Strategies
00;34;49;05 Market Hedges
00;36;01;28 ETFs in Canada
——–
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