Micron Technology Inc. delivered a sales forecast that topped Wall Street estimates after AI-fueled shortages of components sent prices soaring. Revenue is projected to be $50 billion for the fiscal fourth quarter. Earnings come in at $25.31. Matt Bryson of Wedbush Securities reacts.
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Fisher Sand & Gravel embraced the MAGA immigration agenda early on and has won more than $8 billion in government contracts since July. Sophie Alexander explains.
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Immigration raids that began in Charlotte, North Carolina, last November set off a chain reaction: emptying community spaces, crippling businesses and illustrating the damaging effects of the Trump administration’s deportation campaign on local economies.

As has been the case in communities all across the US, mass immigrant detentions have left a lasting social and economic void that extends far beyond those targeted.

Read more – ICE Raids Did Lasting Damage to American Businesses: https://bloom.bg/43kgLfl
In one corner of Charlotte, foot traffic and sales remain depressed six months after deportation raids.

#ICE #Trump #Immigration #economy #business #markets #finance #Charlotte

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“Bloomberg: The Asia Trade” brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets.

Chapters:
00:00:00 – Bloomberg: The Asia Trade begins
00:01:10 – Wall Street gets AI wake-up call
00:07:09 – SpaceX $25B bond sale meets skeptical investors
00:10:38 – MSCI delays Indonesia’s market status review
00:13:02 – Dollar hit highest since Nov. on Fed outlook
00:18:35 – PBOC adviser Huang: China at risk from unbalanced growth
00:26:57 – Bain Capital’s Jonathan Zhu on China strategy
00:39:26 – Siemens CEO on industrial AI outlook
00:42:41 – SoftBank Group holds AGM in Tokyo
00:45:53 – BREAKING: BOJ summary affirms rate hike stance
00:46:39 – Bessent warns against foreign chokepoint risk
00:47:21 – Markets open in Japan, South Korea and Australia
00:51:48 – MBMG Investment Group’s Paul Gambles on market outlook
01:10:14 – Trump says US to retain control over Iran’s funds
01:13:21 – Agilent President and CEO Padraig McDonnell on business strategy
01:25:00 – Former SEC Chair Gensler on SpaceX and AI
01:29:58 – The Big Take: Hong Kong’s billionaire boom hit by crackdown
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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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