Tech Bulls Fueled by Nvidia, UEFA Preps FIFA Criminal Case, More
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What’s driving the recent surge in Nvidia‑linked tech stocks?
Have you ever wondered how Jesse Cole took the Savannah bananas from this? We
had a six million dollar failure last year. We're gonna have bigger ones as we go. To this, we've got shareholders, investors I've reached out to us regularly, and the answer is always no. Or why L Duncan would say this about a Netflix sports broadcast.
Sometimes we're gonna take really big swings and we're gonna freaking whiff.
Then the deal is the show for you. It's a Bloomberg Podcast hosted by me, Alex Rodriguez. And me, Jason Kelly.
We talk to the biggest names in the world of sports and business, including NBA Hall of Famer Tracy McGrady, on one of his biggest blunders. I think I've created some magical.
Mm-hmm.
How are AI chipmakers’ earnings expected to boost the NASDAQ and S&P 500?
Well I struck out. And you'll even get some of my baseball hot takes. I've had owners tell me, it doesn't matter, the game has to be fixed, it's broken. If we have to lock out the whole year we will.
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News when you want it with Bloomberg News Now. I'm Nathan Hager. The AI trade is in the driver's seat this morning, following earnings last night from NVIDIA. The AI chipmakers forecast of 70% revenue growth into next year has the stock up nearly 8%. It's fueling a gain in the tech heavy NASDAQ to the tune of 1.4%. The SP 500 is seven-tenths of a percent higher, and the Dow Jones industrial.
What will Federal Reserve Chair Kevin Warsh say at the Jackson Hole symposium?
Industrial averages up four tenths of one percent. Bloomberg News senior strategist Neil Campling says it is a blowout outlook.
Relative to consensus who have about forty five percent growth um i in their models, it's a hundred billion dollar plus of revenue uplift. And I think the other thing, the most important thing here, is that this revenue growth outlook is apparently a supply number, not a demand number.
And you can hear more from Bloomberg's Neil Campling on the Bloomberg Daybreak US Edition podcast. Strong earnings outlooks from software names like Salesforce and CrowdStrike have a closely watched exchange traded fund that covers that space moving higher as well. It is up nearly seven percent. Not gonna be long though before the focus turns to the Fed and Chairman Kevin Warsh's first speech to the Jackson Hole Economic Symposium. Several Fed Officials are already speaking ahead of tomorrow's address. Cleveland Fed President Beth Hammock was on C N B C this morning reiterating her view that interest rates aren't slowing the economy enough to bring down inflation. She says the time to act is now.
How is the devastating Nepal flash flood affecting U.S. citizens and climate policy?
We spoke with Kansas City Fed chief, Jeff Schmidt.
The last Q three, Q four data for me last year was uh I thought we were if we certainly weren't uh restrictive and maybe even a little accommodative. So uh we've got work to do.
Jackson Hole host Jeff Schmidt of Kansas City Fed speaking there with Bloomberg's Michael McKee. As for what Chairman Warsh will have to say, here's Bloomberg's Tom Keene. It's huge.
You see that in a Bloomberg editorial this morning where they're calling for a reset. You'll already see it in the body language of the assembled here. Mike McKee's really on top of that story. But the answer is tomorrow is a complete
Mystery Bloomberg's Tom Keene is in Jackson Hole looking to unravel that mystery along with Michael McKee and Lisa Abramowitz on a special edition of Bloomberg Surveillance that starts tomorrow morning, 9 a.m. Wall Street time, ahead of the war speech on Bloomberg Radio and Television and on the Bloomberg Business app.
Why has UEFA filed a lawsuit against FIFA and what criminal case could follow?
The death toll is up to at least 359 from the flash flood in Nepal's border region with Tibet, more than 14 eighteen hundred others are still missing, including Americans. Sineel Acharya is a climate and public policy expert.
We've seen uh you know, such events happening uh and uh rising scale of such events over the years, but this is unprecedented in
Climate expert Sunila Charia says preliminary data suggest a glacier broke loose in the Himalayas, triggering a magnitude five point two seismic event. White House spokeswoman Caroline Levitt told Fox News this morning a handful of Americans have been rescued from the disaster.
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Chapters
7 chapters
1
What’s driving the recent surge in Nvidia‑linked tech stocks?
0:00–0:39
2
How are AI chipmakers’ earnings expected to boost the NASDAQ and S&P 500?
0:39–1:25
3
What will Federal Reserve Chair Kevin Warsh say at the Jackson Hole symposium?
1:25–2:29
4
How is the devastating Nepal flash flood affecting U.S. citizens and climate policy?
2:29–3:26
5
Why has UEFA filed a lawsuit against FIFA and what criminal case could follow?
3:26–4:39
6
What new U.S. deportation policies are being planned for Haiti?
4:39–5:51
7
How is Russia’s escalation in Ukraine influencing global security and NATO?
5:51–7:02
Speakers
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